2331 Lucerne Ave

Los Angeles, CA 90016

$1,799,999
Price
5
Beds
5
Baths
4,672 Sq. Ft.
$385 / Sq. Ft.
4,672
Sq. Ft.
$385
per Sq. Ft.
front view of house with a street
a view of a balcony and chairs

Description

Welcome to Lucerne tower! We are pleased to present a 5 UNIT, 1920's Italianate Arts & Crafts architectural multifamily apartment building with multiple live/ loft/ work accessory unit potential. The offering is Centrally located within the newly urban vibrancy of Mid City Heights, adjacent to the vibrant West Adams district. Officially designated an "Urbanized, Transit Priority Area" (TPA), the property is strategically positioned in the most appealing centre of high growth areas from Downtown L....Welcome to Lucerne tower! We are pleased to present a 5 UNIT, 1920's Italianate Arts & Crafts architectural multifamily apartment building with multiple live/ loft/ work accessory unit potential. The offering is Centrally located within the newly urban vibrancy of Mid City Heights, adjacent to the vibrant West Adams district. Officially designated an "Urbanized, Transit Priority Area" (TPA), the property is strategically positioned in the most appealing centre of high growth areas from Downtown L. A. to Culver City's Tech Hub, the neighbourhood is experiencing a rapid growth of multifamily development. Lucerne Tower sits within recently funded city infrastructure installations including (2) Metro lines to USC , LAX, Downtown, Westside Beaches, and walkability to the "Washington Corridor" & Artist District featuring trending coffee venue destinations and art galleries. All units have been master-crafted, millwork restored and adequately sized [potential reconfigure] with hi-cove ceilings, separate dining areas, sconced parlors and Batchelder fireplace mantles. Bathrooms feature wainscoted tile, pedestal sinks, and deep 1920s Kohler tubs in all units. All units retain individual laundry rooms with 125 amp electric service, copper plumbing with no expense spared on the structural assets. The property sits atop an apex of unobstructed, Los Angeles citywide views. Here you will find the "hero tower" unit with a separate 12'x12' creative space, 360' panoramic rooftop views and balconies perched over the Mediterranean landscape's 25 ft palm trees. The rear loft apartment sits stand alone over (4) additional artist shops or studio workplaces adding a unique flex-space potential [buyer to verify with city]. The property can be versatile for an owner-user/creative that wants to have onsite work -loft studio space or any professional/investor.

Property Details for 2331 Lucerne Avenue

Zoning
LARD2
Parcel Number
5061024016
Total Units
5.0
Living Area
4672
Source Living Area
Vendor Enhanced
Area
Mid Los Angeles (C16)
Vacancy Rate
1
Lot Size Area
5675
LISTING UPDATED: 11/21/2025 10:56 AM

Property Details for 2331 Lucerne Avenue

StatusActive
MLS #25576183
Days on Market129
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1924
Lot Size0.13 AC / 5,675 SF
CountyLos Angeles County

Location

Listing Courtesy of Christie's International Real Estate SoCal, Antony Arkel, DRE #01316547
Add your commute

Building Information for 2331 Lucerne Avenue

Stories2Residences-Year Built1924Building Size-Lot Size0.13 AC / 5,675 SF

Payment Calculator

$9,452 per month

30 year fixed, 6.28% Interest

Principal and Interest

$8,894

Property Taxes

$558

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2331 Lucerne Avenue

Community / Development
Community / Development
  • Number Of Units: 5
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Multi Family
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $126,012
  • Net Operating Income: $100,512.00
  • Gross Income: $126,012
  • Gross Rent Multiplier: $17.42
  • Financial Info as Of: 08/12/2025
  • Total Annual Expense: 25500
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1303
  • Lot Size Square Feet: 5675
  • Lot Size Dimensions: 60x94
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Driveway - Combination
  • Total Parking: 6
  • Parking Features: Driveway - Combination
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating: Floor Furnace
  • Heating Type: Floor Furnace
  • Flooring: Hardwood
  • Equipment: Built-Ins
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Accessory Bldgs
Lease Terms
Lease Terms
  • Entry Date: 08-12-2025
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,858.00
  • Unit Actual Rent: $22,296.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,878.00
  • Unit Actual Rent: $22,536.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,617.00
  • Unit Actual Rent: $19,404.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,648.00
  • Unit Actual Rent: $19,776.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $189,720.00
  • Assessed Improvement Percent: 40.81
  • Assessed Land Value: $275,173.00
  • Assessed Land Percent: 59.19
  • Assessed Total Value: $464,893.00

Property History for 2331 Lucerne Avenue

DateEvent & SourcePriceAppreciation
Sep 2, 2025

Price Change

CLAW #25576183

$1,799,999—
Sep 2, 2025

Price Change

CRMLS #25576183

$1,799,999—
Aug 8, 2025

Listed (Active)

CRMLS #25576183

$2,195,000—
Aug 8, 2025

Listed (Active)

CLAW #25576183

$2,195,000—
Jun 2, 2012

Expired

CRMLS #11514445

$795,000—
Jun 1, 2012

Expired

CLAW #11-514445

$795,000—
Mar 17, 2011

Listed (Active)

CRMLS #11514445

$795,000—
Mar 17, 2011

Listed (Active)

CLAW #11-514445

$795,000—
Jun 25, 2002

Sold

CRMLS #01074375

$321,000—
Jun 25, 2002

Sold

CLAW #01-074375

$321,000—
Jun 21, 2002

Sold (Public Record)

Public Record #94335332

$321,000—
Apr 16, 2002

Pending

CLAW #01-074375

—
Apr 16, 2002

Pending

CRMLS #01074375

—
Dec 20, 2001

Listed (Active)

CLAW #01-074375

$320,000—
Dec 20, 2001

Listed (Active)

CRMLS #01074375

$320,000—
DateEvent & SourcePrice
09/02/2025

Price Change

CLAW #25576183

$1,799,999
09/02/2025

Price Change

CRMLS #25576183

$1,799,999
08/08/2025

Listed (Active)

CRMLS #25576183

$2,195,000
08/08/2025

Listed (Active)

CLAW #25576183

$2,195,000
06/02/2012

Expired

CRMLS #11514445

$795,000
06/01/2012

Expired

CLAW #11-514445

$795,000
03/17/2011

Listed (Active)

CRMLS #11514445

$795,000
03/17/2011

Listed (Active)

CLAW #11-514445

$795,000
06/25/2002

Sold

CRMLS #01074375

$321,000
06/25/2002

Sold

CLAW #01-074375

$321,000
06/21/2002

Sold (Public Record)

Public Record #94335332

$321,000
04/16/2002

Pending

CLAW #01-074375

—
04/16/2002

Pending

CRMLS #01074375

—
12/20/2001

Listed (Active)

CLAW #01-074375

$320,000
12/20/2001

Listed (Active)

CRMLS #01074375

$320,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2331 Lucerne Avenue

Taxable ValueLand$280,676Additions$193,514Total$474,190
Tax Record2025$6,690 ($558 / month)
Home Facts
Total Finished SqFt4,672 SqFtAbove Grade Finished SqFt4,672 SqFtLot Size5,658 SqFtStyleMulti-Family Res (5+ Units)Year Built1924ZoningLARD2CountyLOS ANGELESAPN5061-024-016

Schools near 2331 Lucerne Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Alta Loma Elementary School
Public - K to 5
Johnnie Cochran, Jr., Middle School
Public - 6 to 8
Susan Miller Dorsey Senior High School
Public - 9 to 12
Stella Elementary Charter Academy
Charter - K to 4
Rating
School
Distance
Alta Loma Elementary School
PublicK to 5

Johnnie Cochran, Jr., Middle School
Public6 to 8

Susan Miller Dorsey Senior High School
Public9 to 12

Stella Elementary Charter Academy
CharterK to 4

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 2331 Lucerne Avenue, Los Angeles, CA 90016

2331 Lucerne Avenue is a multi-family home for sale in Los Angeles, CA 90016. This property was listed for sale on August 8, 2025 by Christie's International Real Estate SoCal, it's currently listed at $1,799,999. It has been on the market for a total of 129 days and was last sold on June 25, 2002. This listing's school district is Los Angeles Unified School District. Nearby schools include Alta Loma Elementary School, Johnnie Cochran, Jr., Middle School and Susan Miller Dorsey Senior High School. 2331 Lucerne Avenue is a 5-bed, 5-bath, 4,672 sqft multi-family home built in 1924.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Christie's International Real Estate SoCal, Antony Arkel, DRE #01316547

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.