$2,195,000

Estimated payment $14,155/month

5 Beds
5 Baths
4,672 Sq Ft
$470 Price per Sq Ft

Highlights

  • Wood Flooring
  • Built-In Features
  • Floor Furnace

About This Home

"Lucerne Tower " is a 5 unit Italianate architectural apartment building conveniently located in the tony "Mid City" Neighborhood. Site orientation faces southwest offering ocean views, located north of the 10 freeway and east of La Brea. The grandeur architecture can date back to the late 19th century in this case showcasing notable examples of exterior cornice ornamentation and original interior millwork. There are 4 one bedroom units and 1 Penthouse with 3 garages/accessory units, a long driveway and a rooftop deck. The Penthouse delivered VACANT. Buyer can immediately realize a monthly rental of $3,500 with upside potential for that vacant unit. Within a burgeoning demographic, the building is centrally located in proximity to the metro line, trendy coffee shops, restaurants and world renowned museums in the greater Los Angeles environment.

Listing Agent

antony arkel

Christie's International Real Estate SoCal License #01316547 Listed on: 08/08/2025

Christie's International Real Estate SoCal

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924

Lot Details

  • 5,675 Sq Ft Lot
  • Lot Dimensions are 60x94

Interior Spaces

  • 4,672 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Wood Flooring

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Parking

  • 6 Parking Spaces
  • Driveway

Utilities

  • Floor Furnace

Community Details

  • 2 Buildings
  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 5061-024-016

Property Details

Home Type

Multi-Family

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 4672
  • Lot Acreage: 0.1303
  • Lot Dimensions: 60x94
  • Stories: 2
  • Year Built: 1924
  • Number Of Photos: 3
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Hardwood
  • Bedrooms: 5
  • Total Bathrooms: 5.00
  • Equipment: Built-Ins
  • Price Per S Q F T: 469.82

Exterior Features

  • Other Structures: Accessory Bldgs

Garage/Parking

  • Parking Garage: Driveway - Combination
  • Total Parking: 6

Utilities

  • Heating: Floor Furnace

Lot Info

  • Assessed Improvement Percent: 40.81
  • Assessed Improvement Value: 189720
  • Assessed Land Percent: 59.19
  • Assessed Land Value: 275173
  • Total Assessed Value: 464893
  • Assessor Parcel Number: 5061-024-016
  • Lot Size Area: 5675

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 17.42
  • Number Of Units: 5
  • Total Annual Expense: 25500
  • Type Of Units: Multi Family
  • Vacancy Rate: 1

Map

Range of Values:

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Average Value
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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
08/08/2025 08/08/25 For Sale $2,195,000 -- $470 / Sq Ft
Source: The MLS

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Source: The MLS

MLS Number: 25576183

The MLS