About 2533 Lucerne Ave
Very rare, West Adams 4-unit apartment building. Property near Culver City, The Cumulus District, the Hayden Tract, and The Habitat ( and West Adams) is one of the hottest and up-and-coming neighborhoods in Los Angeles. There is an opportunity for an owner to live in one of the units while renting out the others for instant income or add it to your long-term portfolio for potential future development. Gross Scheduled Income (GSI) $92,160; Expenses $28,860; Net Operating Income (NOI) $63,300; GRM 23.87; Cap Rate 4.19%. All units are INDIVIDUALLY WATER, GAS, AND ELECTRIC METERS. Low maintenance costs with fully tile flooring. Unit mix: 3 BD/2BA, 3BD/1BA, 3BED/1BA AND 3 BD/2BA. Easy access to Mar Vista, Venice, Playa Vista, LAX, DTLA and the Expo Line. BRING YOUR BEST OFFER!
Features of 2533 Lucerne Ave
| MLS® # | 24-361981 |
|---|---|
| Price | $2,200,000 |
| Bedrooms | 12 |
| Bathrooms | 6.00 |
| Square Footage | 5,530 |
| Acres | 0.14 |
| Year Built | 1930 |
| Type | Residential Income |
| Sub-Type | Fourplex |
| Style | Traditional |
| Status | Active |
Community Information
| Address | 2533 Lucerne Ave |
|---|---|
| Area | Mid Los Angeles |
| City | LOS ANGELES |
| County | Los Angeles |
| State | CA |
| Zip Code | 90016 |
Amenities
| Features | Full Copper Plumbing |
|---|---|
| Parking Spaces | 8 |
| Garages | Gated, Unassigned |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Tile |
|---|---|
| Appliances | Oven-Gas, Range |
| Heating | Wall |
| Cooling | None |
| Fireplace | No |
| # of Stories | 2 |
| Has Basement | No |
Exterior
| Exterior | Stucco |
|---|---|
| Roof | Flat Roof, Roll |
| Construction | Stucco |
Additional Information
| Date Listed | February 25th, 2024 |
|---|---|
| Days on Market | 82 |
| Zoning | LARD1.5 |
| Foreclosure | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Kory Jackson (01315324) |
|---|---|
| Office | eXp Realty of California Inc |