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$ 3,595,000
Est. payment | /mo
16,290 SqFt
$ 3,595,000
Est. payment | /mo
16,290 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 16,290 sqft
Price per Sqft $220
MLS Listing ID CL26864737
HOA Y/N No
Year Built 1931
Lot Size 7,503 Sqft
Acres 0.1722
Property Sub-Type Other
Property Description
650 S Detroit St, a 16 unit apartment building located in the Miracle Mile, a highly desirable neighborhood in Los Angeles, California. Built in1931, the property consists of (4) studio units, (8) one-bedroom + one-bathroom units, (3) two-bedroom + one-bathroom units, (1) two-bedroom + one-and-a-half-bathroom units. The building is 16,290 gross square feet and sits on a 7,501 square foot lot.Nestled in the heart of Miracle Mile, 650 S Detroit St offers residents a central Los Angeles lifestyle surrounded by culture, dining, and entertainment. Just steps from Museum Row, including LACMA, the Petersen Automotive Museum, and the Academy Museum, this property places tenants at the intersection of art, history, and modern living.With a Walk Score of 93, residents enjoy easy access to local cafes, trendy restaurants, boutique shopping, and iconic destinations such as The Grove and the Original Farmers Market. Combining a prime Mid-Wilshire location with excellent connectivity, 650 S Detroit St delivers the ideal mix of convenience, culture, and lifestyle that keeps renters highly attracted to this sought-after neighborhood. The property currently delivers an initial CAP rate of 4.82%, with the potential to reach a 6.75% CAP rate upon unit turnover.
Location
State CA
County Los Angeles
Zoning LAR4
Interior
Heating None
Cooling None
Fireplace No
Building
New Construction No
Others
Tax ID 5508007009
© 2026 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Michael Kamara • Lyon Stahl Investment Real Estate, Inc.
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