NOT LISTED FOR SALE

1344 S Dunsmuir Ave Los Angeles, CA 90019

Miracle Mile Neighborhood
8 Beds
8 Baths
6,460 Sq Ft
7,208 Sq Ft Lot

Last Sold February 21, 2024

Last sale price $1,900,000 $294 Per Sq Ft

6 Days on Market

Highlights

  • City View
  • Wood Flooring
  • 4 Car Garage

About This Home

As of February 2024

This fantastic eight-plex with Spanish flair is nestled in the ideal Wilshire Vista location. The building comprises eight one-bedroom, one-bathroom units, each averaging approximately 807 square feet. With strong current income and future rental upside potential, this property offers significant value. All units are separately metered for gas and electricity, and six of the eight units have been updated. Recent upgrades include a new roof, new plumbing, newer electrical in some units, and some new windows. Additionally, the property features four 1-car garages and a common area backyard for tenants to enjoy. It's worth noting that a total of 4 units will be delivered vacant. Located in the heart of Los Angeles, this property offers unparalleled convenience, within minutes of Wilshire Vista boutiques and cafes (local hot spot Sky's Gourmet Tacos is across the street and a neighborhood obsession), and Museum Row, The Grove, Target, Sprouts & so much more. A rare opportunity to acquire an exceptional income property in a sought-after area, with 50% of the units being delivered vacant, offering significant potential value for the next owner.

Last Agent to Sell the Property

Erica Lockhart

Compass License #01763313 Listed on: 01/23/2024

Compass

Co-Listed By

Lorin Ruttenberg

Compass License #01309588

Compass

Last Buyer's Agent

Lorin Ruttenberg

Compass License #01309588

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1929

Lot Details

  • 7,208

Parking

  • 4 Car Garage
  • On-Street Parking

Interior Spaces

  • 6,460 Sq Ft Home
  • 2-Story Property
  • City Views
  • Oven or Range

Flooring

  • Wood
  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Additional Features

  • 7,208 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 8 Units

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 5085-036-025

Property Details

Home Type

Multi-Family

Year Built

Built in 1929

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 6460
  • Lot Acreage: 0.1655
  • Stories: 2
  • Year Built: 1929
  • Number Of Photos: 16
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Mixed, Tile, Carpet, Laminate, Hardwood
  • Bedrooms: 8
  • Total Bathrooms: 8.00
  • Equipment: Range/Oven
  • Price Per S Q F T: 274.77

Exterior Features

  • Other Structures: None
  • View: Tree Top, City
  • View: Yes

Garage/Parking

  • Garage Spaces: 4
  • Parking Garage: Garage - 4+ Car, Garage Is Detached, On street
  • Total Parking: 4

Utilities

  • Heating: Wall, Wall Electric

Lot Info

  • Assessed Improvement Percent: 70.00
  • Assessed Improvement Value: 390304
  • Assessed Land Percent: 30
  • Assessed Land Value: 167258
  • Total Assessed Value: 557562
  • Assessor Parcel Number: 5085-036-025
  • Lot Size Area: 7208

Rental Info

  • Total Actual Rent: 8249.45
  • Tenant Pays: Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113
  • Gross Rent Multiplier: 18.00
  • Number Of Units: 8
  • Total Annual Expense: 15001
  • Type Of Units: 1 bed/1 bath
  • Vacancy Allow Percent: 3.00
  • Vacancy Rate: 3496

Range of Values:

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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
02/21/2024 02/21/24 Sold $1,900,000 +7.0% $294 / Sq Ft
01/29/2024 01/29/24 Pending -- -- --
01/23/2024 01/23/24 For Sale $1,775,000 0.0% $275 / Sq Ft
08/09/2023 08/09/23 Rented $2,065 0.0% --
05/19/2023 05/19/23 For Rent $2,065 -- --
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Erica Lockhart

    Seller's Agent in 2024

    Erica Lockhart

    Compass

    (310) 350-4528

    3 in this area

    159 Total Sales

    Erica Lockhart
    Section Image
  • Lorin Ruttenberg

    Seller Co-Listing Agent in 2024

    Lorin Ruttenberg

    Compass

    (310) 500-3905

    3 in this area

    150 Total Sales

    Lorin Ruttenberg
    Section Image
  • Anna Moore

    Seller's Agent in 2023

    Anna Moore

    Wall Street Realty

    (323) 481-4164

    29 Total Sales

    Anna Moore
    Section Image
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Map

Source: The MLS

MLS Number: 24-350331

The MLS

California Los Angeles County Los Angeles 90019 Miracle Mile

1344 S Dunsmuir Ave, Los Angeles, CA

This home is located at 1344 S Dunsmuir Ave, Los Angeles, CA 90019 since 23 January 2024. This property was built in 1929. 1344 S Dunsmuir 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.

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