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Key Details
Sold Price $2,826,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 8,768 sqft
Price per Sqft $322
MLS Listing ID 25523913
Sold Date 10/17/25
Bedrooms 14
Year Built 1948
Lot Size 9,295 Sqft
Acres 0.2134
Property Sub-Type Multi-Family
Property Description
1150 Masselin Ave is a 10 unit building near Miracle Mile in Los Angeles. Offers Assumable Financing at 3.15% Interest Only until 2031! The spacious 1 & 2 bedroom units average to about 877 SF each. 4 out of the 10 units have been renovated, while also offering over 54% rental upside! Brand New Roof Put in 2024. Potential ADU opportunity via SB 1211 (Buyer to Verify). The building is separately metered for gas and electric and has a new 100G water heater. 1150 Masselin has 7 total parking spaces and features a Large 9,295 SF Corner Lot Zoned LAR3.
Location
State CA
County Los Angeles
Area Beverly Center-Miracle Mile
Zoning LAR3
Rooms
Other Rooms Other
Interior
Heating Electric
Cooling Air Conditioning
Equipment Gas Dryer Hookup
Laundry Community
Exterior
Parking Features Driveway, Covered Parking
Garage Spaces 7.0
Building
Level or Stories Two
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.
Bought with Simco Enterprises Inc
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Ivan Perez
Broker Associate | License ID: 01952891
Broker Associate License ID: 01952891