650 S Detroit St, Los Angeles, CA 90036
650 S Detroit St, Los Angeles, CA 90036
650 S Detroit St, Los Angeles, CA 90036
650 S Detroit St, Los Angeles, CA 90036
650 S Detroit St, Los Angeles, CA 90036
650 S Detroit St, Los Angeles, CA 90036
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$ 4,000,000
Est. payment | /mo

16 Beds

16 Baths

16,290 SqFt


Save
$ 4,000,000
Est. payment | /mo
Save

16 Beds

16 Baths

16,290 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 16,290 sqft

Price per Sqft $245

MLS Listing ID 26864737

Bedrooms 16

Year Built 1931

Lot Size 7,503 Sqft

Acres 0.1722

Property Sub-Type Multi-Family

Property Description

650 S Detroit St, a 16 unit apartment building located in the Miracle Mile, a highly desirable neighborhood in Los Angeles, California. Built in1931, the property consists of (4) studio units, (8) one-bedroom + one-bathroom units, (3) two-bedroom + one-bathroom units, (1) two-bedroom + one-and-a-half-bathroom units. The building is 16,290 gross square feet and sits on a 7,501 square foot lot.Nestled in the heart of Miracle Mile, 650 S Detroit St offers residents a central Los Angeles lifestyle surrounded by culture, dining, and entertainment. Just steps from Museum Row, including LACMA, 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 93, 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, 650 S Detroit St 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 4.82%, with the potential to reach a 6.75% 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 3

Level or Stories Multi/Split

Others

Special Listing Condition Standard

TheMLS (CLAW)
Listed by Lyon Stahl Investment Real Estate, Inc.

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650 S Detroit St