1128 Masselin Ave, Los Angeles, CA 90019

$2,995,000

bedrooms

bathrooms

square feet

9,206

Acreage

0.2869

Open Houses

year built

1948

Full Baths

Half Baths

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Investor gold in Miracle Mile: 1128 Masselin Ave is a pride-of-ownership 12-unit (all 1-bed/1-bath) on an oversized 12,493 sqft LAR3 corner lot that's been family-held and meticulously maintained for 30 years. Three separate entrances and stairwells serve four units each (condo/TIC exit potential), beautiful hardwood floors, updated dual-pane windows, a lush courtyard, on-site laundry and nine private garages (prime ADU/play) keep tenants happy while delivering scheduled gross rent of $286,860/yr, a 10.4 GRM and 5.5 % cap at full occupancy with more upside as legacy rents burn off. Major systems are in great shape, OPEX is lean (~$122K/yr), and zoning + lot depth invite densification or future redevelopment. Irreplaceable Mid-Wilshire location steps to LACMA, The Grove and Museum Row, and two new Purple-Line Metro stations (.9 & 1.1mi) land next year, super-charging demand and appreciation. At $249K/door this asset checks every box: cash flow, value-add levers and transit-oriented growth in one of LA's most sought-after rental corridors.

Location
Subdivision	-
County	Los Angeles
Elementary School	-
Middle School	-
High School	-

Exact location data not provided

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Open houses

None scheduled.

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MLS number: 25529795

Listing agent: James Respondek

Listing broker: Rodeo Realty (310) 471-2600

Last update: Friday, April 25 2025 at 5:02 p.m. EDT

Kotohomes National