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Ronnie Leon

ronnieleon@kw.com +1(813) 802-7777

$ 5,600,000

Est. payment | -/mo

8 Beds

32 Baths

21,480 SqFt

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$ 5,600,000

Est. payment | -/mo

Save

8 Beds

32 Baths

21,480 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 21,480 sqft

Price per Sqft $260

MLS Listing ID 26864731

Bedrooms 8

Year Built 1929

Lot Size 7,803 Sqft

Acres 0.1791

Property Sub-Type Multi-Family

Property Description

621 S Dunsmuir Ave, a 32 unit apartment building located in the Miracle Mile, a highly desirable neighborhood in Los Angeles, California.Built in 1929, the property consists of (24) studio units and (8) one-bedroom + one-bathroom units.The building is 21,480 gross square feet and sits on a 7,801 square foot lot.Nestled in the heart of Miracle Mile, 621 S Dunsmuir Ave offers residents a central Los Angeleslifestyle surrounded by culture, dining, and entertainment. Just steps from Museum Row, includingLACMA, the Petersen Automotive Museum, and the Academy Museum, this property places tenants at the intersection of art, history, and modern living.With a Walk Score of 95, residents enjoy easy access to local cafes, trendy restaurants, boutique shopping, and iconic destinations such as The Grove and the Original Farmers Market. Combining a prime Mid-Wilshire location with excellent connectivity, 621 S Dunsmuir Ave delivers the ideal mix of convenience, culture, and lifestyle that keeps renters highly attracted to this sought-after neighborhood. The property currently delivers an initial CAP rate of 5.38%, with the potential to reach a 7.17% CAP rate upon unit turnover.

Location

State CA

County Los Angeles

Area Beverly Center-Miracle Mile

Zoning LAR4

Rooms

Other Rooms None

Interior

Heating None

Cooling None

Equipment None

Exterior

Parking Features None

Building

Story 4

Level or Stories Multi/Split

Others

Special Listing Condition Standard

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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Lyon Stahl Investment Real Estate, Inc.

621 S Dunsmuir Ave Los Angeles, CA 90036

Ronnie Leon

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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621 S Dunsmuir Ave