NOT LISTED FOR SALE

1319 Masselin Ave Los Angeles, CA 90019

Miracle Mile Neighborhood
8 Beds
7 Baths
4,807 Sq Ft
5,820 Sq Ft Lot

Last Sold September 04, 2020

Last sale price $1,775,000 $369 Per Sq Ft

20 Days on Market

Highlights

  • Midcentury Modern Architecture
  • Laundry Facilities
  • East Facing Home
  • Wood Flooring

About This Home

As of September 2020

1319 Masselin Avenue is a classic 1950'e era apartment building located in the Wilshire-Vista area of Mid-City Los Angeles. The property is on a quiet street in a very strong rental area that is close to all. It is an easy drive to West LA, Beverly Hills, Hollywood and DTLA. The building has been well maintained by the long-term owner and the Los Angeles City mandated soft-story retrofit work has been completed. Seller intends on completing a 1031 Exchange. This transaction will be coordinated with the simultaneous close of another downleg property. 6 of the units are paying an additional $38 in rent for the soft-story retrofit pass through. Please do not walk on property or disturb tenants in any way. Please see rent roll & full marketing package attached in (documents section). Please do not send text messages to listing agent for status, telephone calls are preferred.

Last Agent to Sell the Property

Jim Gilb

James F. Gilb License #00998653 Listed on: 06/16/2020

James F. Gilb

Last Buyer's Agent

Michael Salerno

Michael Anthony Salerno License #01212427

Michael Anthony Salerno

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 5,820 Sq Ft Lot
  • Lot Dimensions are 50 x 116
  • East Facing Home

Home Design

  • Midcentury Modern Architecture
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 4,807 Sq Ft Home
  • 2-Story Property
  • Wood Flooring
  • Disposal
  • Leased Washer and Dryer

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 7 Bathrooms

Parking

  • 2 Open Parking Spaces
  • 7 Parking Spaces
  • Carport

Location

  • City Lot

Utilities

  • Heating System Mounted To A Wall or Window
  • Property is located within a water district
  • Central Water Heater
  • Sewer in Street

Community Details

  • 7 Units
  • Laundry Facilities
  • Rent Control

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for water, gardener
  • Assessor Parcel Number 5085-029-027

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Mid-Century
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Alley: No
  • Living Area: 4807
  • Lot Acreage: 0.1336
  • Lot Dimensions: 50 x 116
  • Probate: No
  • Stories: 2
  • Year Built: 1958
  • Number Of Photos: 13
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number Disposal: 6
  • Flooring: Wood
  • Bedrooms: 8
  • Laundry: Community
  • Laundry Equipment: Lease
  • Total Bathrooms: 7.00
  • Equipment: Garbage Disposal
  • Price Per S Q F T: 422.09

Exterior Features

  • Direction Faces: East
  • Construction: Stucco
  • Other Structures: None
  • Tennis Court Y/N: No
  • Construction: Frame and Stucco
  • Roof: Composition, Shingle
  • View: No

Garage/Parking

  • Other Spaces: 2
  • Covered Parking: 5
  • Parking Garage: Uncovered, Carport
  • Total Parking: 7

Utilities

  • Water Heater: Central Water Heater
  • Heating: Wall
  • Sewer: In Street
  • Water: District

Lot Info

  • Assessed Improvement Percent: 26.67
  • Assessed Improvement Value: 135074
  • Assessed Land Percent: 73.33
  • Assessed Land Value: 371464
  • Total Assessed Value: 506538
  • Assessor Parcel Number: 5085-029-027
  • Geocode Override: No
  • Lot Location: City
  • Lot Size Area: 5820

Rental Info

  • Owner Pays: Water, Gardener
  • Rent Control: Yes
  • Tenant Pays: Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 13.76
  • Number Of Units: 7
  • Rent Control: 100
  • Total Annual Expense: 42977
  • Type Of Units: Apartments
  • Vacancy Rate: 3,872

Tax Info

  • Mello Roos: Unknown

Range of Values:

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Average Value
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List Price
Sold 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
09/04/2020 09/04/20 Sold $1,775,000 -12.5% $369 / Sq Ft
07/06/2020 07/06/20 Pending -- -- --
06/16/2020 06/16/20 For Sale $2,029,000 -- $422 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jim Gilb

    Seller's Agent in 2020

    Jim Gilb

    James F. Gilb

    (213) 866-9802

    1 in this area

    14 Total Sales

    Section Image
  • Michael Salerno

    Buyer's Agent in 2020

    Michael Salerno

    Michael Anthony Salerno

    (310) 202-9166

    1 in this area

    32 Total Sales

    Section Image
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Map

Source: The MLS

MLS Number: 20-591110

The MLS

California Los Angeles County Los Angeles 90019 Miracle Mile

1319 Masselin Ave, Los Angeles, CA

This home is located at 1319 Masselin Ave, Los Angeles, CA 90019 since 16 June 2020. This property was built in 1958. 1319 Masselin Ave is a home located in Los Angeles County with nearby schools including Saturn Street Elementary School, Fairfax High School, and New Los Angeles Charter.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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