2533 Lucerne Avenue

Los Angeles, CA 90016

$2,200,000
Price
12
Beds
6
Baths
5,530 Sq. Ft.
$398 / Sq. Ft.
5,530
Sq. Ft.
$398
per Sq. Ft.

Description

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...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!
  1. Listed by Kory Jackson • DRE #01315324 • Brokerage DRE #01022642 • eXp Realty of California Inc

Property Details for 2533 Lucerne Avenue

Zoning
LARD1.5
Style
Traditional
Cross Streets
LaBrea Ave and Adams Blvd
Accessibility Features
None
Parcel Number
5057003024
Total Units
4.0
Living Area
5530
Source Living Area
Assessor

Location

Listing Courtesy of eXp Realty of California Inc, Kory Jackson, DRE #01315324
Add your commute
LISTING UPDATED: 03/04/2024 12:01 AM

Property Details for 2533 Lucerne Avenue

StatusActive
MLS #24-361981
Days on Market67
Taxes$27,060 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1930
Lot Size0.14 AC / 6,271 SF
CountyLos Angeles County

Location

Listing Courtesy of eXp Realty of California Inc, Kory Jackson, DRE #01315324
Add your commute

Building Information for 2533 Lucerne Avenue

Stories2Residences-Year Built1930Building Size-Lot Size0.14 AC / 6,271 SF

Payment Calculator

$14,261 per month

30 year fixed, 7.25% Interest

Principal and Interest

$12,006

Property Taxes

$2,255

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2533 Lucerne Avenue

Community / Development
Community / Development
  • Tax Mello Roos: Unknown
  • Number Of Units: 4
  • Senior Community: No
  • Management Company Name: NA
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Quadraplex
  • Entry Floor Number: 1
  • Security Features: Smoke Detector, Carbon Monoxide Detector(s), Window Bars
  • Direction Faces: East
  • Property Condition: Repair Cosmetic
  • Water: Water District, Public
  • Sewer: Paid
  • Water Heaters: Yes
  • ADA Compliance: No
  • Additions Alterations: No
  • Water Heater Features: Gas
  • Water District: DWP
  • Building Permit: Yes
Contract Info
Contract Info
  • Probate: No
  • Financing: Contract
  • Disclosures: As Is, City Inspection Required, Rent Control, Seismic Hazard, Subject To Other
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $92,160
  • Net Operating Income: $58,660.00
  • Gross Income: $92,160
  • Cap Rate: 4.19%
  • Gross Rent Multiplier: $23.87
  • Actual Annual Gross Rent: $92,160.00
  • Actual Gross Annual Income: $92,160
  • Other Income1: $92,160.00
  • Actual Rent Total: $92,160.00
  • Financial Info as Of: 02/25/2024
  • Owner Pays: Gardener
  • Total Annual Expense: 33500
  • Electric Expense: $1,400.00
  • Tax Expense: $27,060
  • Gardener Expense: $840
  • Expense Licenses: $1,200.00
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Alley: Yes
  • Paved: Yes
  • Lot Acreage: 0.144
  • Lot Size Square Feet: 6271
Parking Details
Parking Details
  • Parking Garage: Gated, Unassigned
  • Total Parking: 8
  • Covered Parking: 0
  • Open Other Spaces Total: 8
  • Garage Spaces Total: 0
  • Carport Spaces Total: 0
  • Parking Features: Gated, Unassigned
  • Garage Structures Total: 1.0
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
Exterior Features
Exterior Features
  • Roof: Flat, Rolled/Hot Mop
  • Entry Location: Main Level
  • New Construction: No
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Other Structural Features: Full Copper Plumbing
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 02-25-2024
  • Listing Terms: Exchange Down, Contract
  • Rent Control: Yes
  • Tenant Pays: Cable TV, Electricity, Gas, Water, Trash Collection, Move In Fee, Move Out Fee
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,100.00
  • Unit Actual Rent: $2,100.00
  • Unit Projected Rent: $3,600.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,680.00
  • Unit Actual Rent: $1,680.00
  • Unit Projected Rent: $3,600.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,950.00
  • Unit Actual Rent: $1,950.00
  • Unit Projected Rent: $3,400.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,950.00
  • Unit Actual Rent: $1,950.00
  • Unit Projected Rent: $3,400.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Tax New: $27,060
  • Tax Percent: 1.24%
  • Tax Rate Year: 2023
  • Assessed Improvement Value: $422,026.00
  • Assessed Improvement Percent: 44.06
  • Assessed Land Value: $535,906.00
  • Assessed Land Percent: 55.94
  • Assessed Total Value: $957,932.00
  • Private Transfer Taxes: No

Property History for 2533 Lucerne Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 2533 Lucerne Avenue

Taxable ValueLand$535,906Additions$422,026Total$957,932
Tax Record2023$12,198 ($1,017 / month)
Home Facts
Total Finished SqFt5,530 SqFtAbove Grade Finished SqFt5,530 SqFtLot Size6,270 SqFtStyleQuadraplexZoningLARD1.5CountyLOS ANGELESAPN5057-003-024

Schools near 2533 Lucerne Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Virginia Road Elementary School
PublicK to 5

Johnnie Cochran, Jr., Middle School
Public6 to 8

Susan Miller Dorsey Senior High School
Public9 to 12

View Park Continuation School
Public9 to 12

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.

Similar Homes

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2533 Lucerne Avenue is a multi-family home for sale in Los Angeles, CA 90016. This property was listed for sale on February 25, 2024 by eXp Realty of California Inc, it's currently listed at $2,200,000. It has been on the market for a total of 67 days and was last sold on July 15, 2004. This listing's school district is Los Angeles Unified School District. Nearby schools include Virginia Road Elementary School, Johnnie Cochran, Jr., Middle School and Susan Miller Dorsey Senior High School. 2533 Lucerne Avenue is a 12-bed, 6-bath, 5,530 sqft multi-family home built in 1930.

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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of eXp Realty of California Inc, Kory Jackson, DRE #01315324

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.