Side-by-side 8-Unit Buildings in Miracle Mile

TO BE SOLD TOGETHER WITH ADJACENT 8-UNIT PROPERTY AT 630 S DUNSMUIR AVE, 16 UNITS IN TOTAL.
The Glaser Group is pleased to present 624 & 630 S Dunsmuir Ave, two side-by-side 8-unit buildings in the Miracle Mile neighborhood in Los Angeles. These beautiful Spanish-style buildings boast a combined 15,088 square feet, with each building comprising 7,544 square feet. The properties feature spacious 1-bedroom, 1-bathroom units with offices, averaging 943 square feet each. The are currently 7 vacancies available across the two buildings. The charming architecture, large bright units, and hardwood floors throughout add to the allure & charm of these properties. The buildings are master-metered for all utilities, and all of the occupied units are eligible for 6% rent increases from day one after purchase. Additionally, there is an on-site laundry room in the basement of 630 Dunsmuir Ave, which is shared between the tenants of both buildings. There are also 14 uncovered parking spaces in the back of the lots. Lastly, the plumbing across both buildings has been partially replaced with copper piping. This is a rare opportunity as these properties are on the market for the first time in 50+ years. The buildings sit on separate R4 parcels totaling 15,597 SqFt of land and must be purchased together.
Located in Miracle Mile, these properties offer proximity to cultural and entertainment landmarks such as the Los Angeles County Museum of Art (LACMA) and The Grove. Miracle Mile is known for its vibrant atmosphere, rich history, and diverse dining and shopping options. The area continues to attract residents who appreciate its central location and the convenience of urban living. With a blend of historic charm and modern amenities, Miracle Mile remains one of Los Angeles' most sought-after neighborhoods. Investing in 624 & 630 S Dunsmuir Ave presents an exceptional opportunity to be part of this thriving community.