CA > Los Angeles
Los Angeles, CA 90019,1128 Masselin Ave
Los Angeles, CA 90019,1128 Masselin Ave
Los Angeles, CA 90019,1128 Masselin Ave
35
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$2,995,000
Est. payment /mo
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12 Beds
12 Baths
9,206 SqFt
Active

1128 Masselin Ave Los Angeles, CA 90019

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Sev Grigor

Sev Grigor

+1(702) 377-9090

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 9,206 sqft

Price per Sqft $325

MLS Listing ID 25529795

Style Low Rise

Bedrooms 12

Year Built 1948

Lot Size 0.287 Acres

Acres 0.2869

Property Sub-Type Multi-Family

Property Description

Investor gold in Miracle Mile: 1128 Masselin Ave is a pride-of-ownership 12-unit (all 1-bed/1-bath) on an oversized 12,493 sqft LAR3 corner lot that's been family-held and meticulously maintained for 30 years. Three separate entrances and stairwells serve four units each (condo/TIC exit potential), beautiful hardwood floors, updated dual-pane windows, a lush courtyard, on-site laundry and nine private garages (prime ADU/play) keep tenants happy while delivering scheduled gross rent of $286,860/yr, a 10.44 GRM and 6.67 % cap at full occupancy with more upside as legacy rents burn off ($5.39 Actual Cap Rate FY2024). Major systems are in great shape, OPEX is lean (~$87K/yr), and zoning + lot depth invite densification or future redevelopment. Irreplaceable Mid-Wilshire location steps to LACMA, The Grove and Museum Row, and two new Purple-Line Metro stations (.9 & 1.1mi) land next year, super-charging demand and appreciation. At $249K/door this asset checks every box: cash flow, value-add levers and transit-oriented growth in one of LA's most sought-after rental corridors.

Location

State CA

County Los Angeles

Area Beverly Center-Miracle Mile

Zoning LAR3

Rooms

Other Rooms Accessory Bldgs, Other

Interior

Heating Floor

Cooling Window Unit(s)

Flooring Wood

Equipment Other

Laundry Community

Exterior

Parking Features Garage - 4+ Car

Garage Spaces 9.0

Building

Story 2

Architectural Style Low Rise

Level or Stories Two

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

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 Rodeo Realty - Pacific Palisades

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agent

Sev Grigor

Team leader | RE.S.0171941

+1(702) 377-9090

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1128 Masselin Ave