$2,895,000
PENDING

1150 Masselin Ave Los Angeles, CA 90019

Miracle Mile Neighborhood

Estimated payment $18,745/month

Total Views 2,242
14 Beds
10 Baths
8,768 Sq Ft
$330 Price per Sq Ft

About This Home

1150 Masselin Ave is a 10 unit building near Miracle Mile in Los Angeles. Offers Assumable Financing at 3.15% Interest Only until 2031! The spacious 1 & 2 bedroom units average to about 877 SF each. 4 out of the 10 units have been renovated, while also offering over 54% rental upside! Brand New Roof Put in 2024. Potential ADU opportunity via SB 1211 (Buyer to Verify). The building is separately metered for gas and electric and has a new 100G water heater. 1150 Masselin has 7 total parking spaces and features a Large 9,295 SF Corner Lot Zoned LAR3.

Listing Agent

Jordan Asheghian

Lyon Stahl Investment Real Estate, Inc. License #01886605 Listed on: 04/10/2025

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Interior Spaces

  • 8,768 Sq Ft Home
  • 2-Story Property
  • Gas Dryer Hookup

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 10 Bathrooms

Parking

  • 4 Open Parking Spaces
  • 7 Parking Spaces
  • 3 Covered Spaces
  • Covered Parking
  • Driveway

Additional Features

  • 9,295 Sq Ft Lot
  • Heating Available

Community Details

  • 10 Units
  • Laundry Facilities
  • Vacancy Allowance $4,239

Listing and Financial Details

  • Assessor Parcel Number 5085-019-018

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 8768
  • Lot Acreage: 0.2134
  • Year Built: 1948
  • Number Of Photos: 26
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 14
  • Laundry: Community
  • Total Bathrooms: 10.00
  • Equipment: Gas Dryer Hookup
  • Price Per S Q F T: 330.18

Exterior Features

  • Other Structures: Other

Garage/Parking

  • Other Spaces: 4
  • Covered Parking: 3
  • Parking Garage: Driveway, Covered Parking
  • Total Parking: 7

Utilities

  • Cooling: Air Conditioning
  • Heating: Electric

Lot Info

  • Assessed Improvement Percent: 25.48
  • Assessed Improvement Value: 787423
  • Assessed Land Percent: 74.52
  • Assessed Land Value: 2303217
  • Total Assessed Value: 3090640
  • Assessor Parcel Number: 5085-019-018
  • Lot Size Area: 9295

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 13.66
  • Number Of Units: 10
  • Total Annual Expense: 77194
  • Type Of Units: Standard
  • Vacancy Allow: 4239
  • Vacancy Rate: 2%

Map

Range of Values:

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Average Value
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List Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/07/2025 08/07/25 Pending -- -- --
04/10/2025 04/10/25 For Sale $2,895,000 +2.4% $330 / Sq Ft
04/05/2019 04/05/19 Sold $2,826,000 +20.3% $322 / Sq Ft
02/25/2019 02/25/19 Pending -- -- --
02/19/2019 02/19/19 For Sale $2,349,000 -- $268 / Sq Ft
Source: The MLS

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See All Homes in Los Angeles

Source: The MLS

MLS Number: 25523913

The MLS

California Los Angeles County Los Angeles 90019 Miracle Mile

1150 Masselin Ave, Los Angeles, CA

This home is located at 1150 Masselin Ave, Los Angeles, CA 90019 and is currently priced at $2,895,000, approximately $330 per square foot. This property was built in 1948. 1150 Masselin Ave is a home located in Los Angeles County with nearby schools including Saturn Street Elementary School, Fairfax High School, and Holy Spirit Stem Academy.

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Nearby Homes
Jordan Asheghian
Listing Agent
Jordan Asheghian
Section Image
Lyon Stahl Investment Real Estate, Inc.
(310) 922-0238