$4,300,000
SOLD MAR 24, 2025

650 S La Jolla Ave Los Angeles, CA 90048

Beverly Grove Neighborhood
12 Beds
12 Baths
12,201 Sq Ft
0.29 Acres

Recently Sold

$352 Per Sq Ft

11% Below List Price

65 Days on Market

Highlights

  • 0.29 Acre Lot
  • ADA Compliant
  • Central Heating
  • Hancock Park Elementary Rated 9+

About This Home

As of March 2025

650 S La Jolla Ave is a 12-unit multi-family apartment complex featuring 1,100 sq. ft. units, each equipped with a private balcony/patio, in-unit washer and dryers, central heating, and parking. The seller has completed two 1bd/1bth ADUs through a carport conversion and with the new AB1211 Law, an investor can add up to 6 more on the lot adding significant value. The building features a new exterior paint job, new 400amp main panel and switchgear, new electrical meters and upgraded sewer. The property has 4 carport spaces with one additional space for storage that can be leased. There are an additional 3-4 spaces on the surface lot. On the property there are 4 basement areas that house shutoff valves, central heating units and extra storage space. The property is conveniently situated near a variety of amenities, including popular restaurants and nightlife resulting in a high rental demand market making it a very appealing investment opportunity. Please do not disturb tenants, property occupied please call listing agent for details.

Last Agent to Sell the Property

Adam Kanizo

Paloma Realty Partners, Inc. License #02008361 Listed on: 01/15/2025

Last Buyer's Agent

Adam Kanizo

Paloma Realty Partners, Inc. License #02008361 Listed on: 01/15/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1928 | Remodeled

Home Design

  • Flat Roof Shape

Interior Spaces

  • 12,201 Sq Ft Home
  • 2-Story Property
  • Laundry in unit

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 12 Bathrooms

Parking

  • 7 Parking Spaces
  • Carport

Additional Features

  • ADA Compliant
  • 0.29 Acre Lot
  • Central Heating

Community Details

  • 2 Buildings
  • 12 Units

Listing and Financial Details

  • Assessor Parcel Number 5510-028-013

Property Details

Home Type

Multi-Family

Year Built

Built in 1928 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • ADA Compliant: Yes
  • Living Area: 12201
  • Lot Acreage: 0.2871
  • Property Condition: Updated/Remodeled
  • Stories: 2
  • Year Built: 1928
  • Number Of Photos: 17
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 12
  • Laundry: In Unit
  • Total Bathrooms: 12.00
  • Price Per S Q F T: 397.51

Exterior Features

  • Other Structures: None
  • Roof: Flat

Garage/Parking

  • Parking Garage: Carport
  • Total Parking: 7

Utilities

  • Heating: Central
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 30.00
  • Assessed Improvement Value: 1232874
  • Assessed Land Percent: 70
  • Assessed Land Value: 2876706
  • Total Assessed Value: 4109580
  • Assessor Parcel Number: 5510-028-013
  • Lot Size Area: 12504

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 13.80
  • Number Of Units: 12
  • Total Annual Expense: 96610
  • Type Of Units: Apartment
  • Vacancy Allow Percent: 3.00
  • Vacancy Rate: 2

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Range of Values:

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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
03/24/2025 03/24/25 Sold $4,300,000 0.0% $352 / Sq Ft
01/15/2025 01/15/25 Price Changed $2,750 0.0% $5 / Sq Ft
01/15/2025 01/15/25 For Sale $4,850,000 0.0% $398 / Sq Ft
01/10/2025 01/10/25 Price Changed $3,050 -1.6% $5 / Sq Ft
09/09/2024 09/09/24 Price Changed $3,100 +3.5% $5 / Sq Ft
04/24/2024 04/24/24 Price Changed $2,995 -3.4% $5 / Sq Ft
04/16/2024 04/16/24 Price Changed $3,100 +74.3% $5 / Sq Ft
11/01/2023 11/01/23 For Rent $1,779 -- --
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Adam Kanizo

    Seller's Agent in 2025

    Adam Kanizo

    Paloma Realty Partners, Inc.

    (818) 292-1346

    3 in this area

    34 Total Sales

    Adam Kanizo
    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 25-487787

The MLS

California Los Angeles County Los Angeles 90048 Beverly Grove

650 S La Jolla Ave, Los Angeles, CA

This home is located at 650 S La Jolla Ave, Los Angeles, CA 90048 and is currently priced at $4,300,000, approximately $352 per square foot. This property was built in 1928. 650 S La Jolla Ave is a home located in Los Angeles County with nearby schools including Hancock Park Elementary, John Burroughs Middle School, and Fairfax High School.

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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.
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