16-Unit Apartment
For Sale
$4,000,000
650 S Detroit St, Los Angeles, CA 90036
Sixteen residences offer a varied studio, one-bedroom, and two-bedroom mix in Los Angeles’ Miracle Mile.
Property Size16,290 SF
Lot Size0.17 Acres
Price / SF$245.55
Days on Market34
Property Features for 650 S Detroit St
General Information
Standard status
Active
Size
16,290 SF
Lot size
0.17 Acres
Property subtype
MULTI_FAMILY
Units
Unit Mix
4 x studio, 8 x 1BR/1BA, 3 x 2BR/1BA, 1 x 2BR/1.5BA
Multifamily Units
16
Additional Details
Cap Rate
4.82%
Building Details
Building Size
16,290 SF
Year Built
1931
Listing Agency:
Lyon Stahl Investment Real Estate, Inc.
Listed By:
Michael Kamara · License #02062158
Source:
Joshflagg
Added: Jul 27
Changed: Aug 29
Last Checked: Aug 2 at 10:43AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lyon Stahl Investment Real Estate, Inc.
Investment Insights
Based on property information with market context.
Constructed in 1931, this multifamily property contains 16,290 gross square feet on a 7,501-square-foot lot. The unit mix includes four studios, eight one-bedroom/one-bath units, three two-bedroom/one-bath units, and one two-bedroom unit with one and a half baths. The property is located at 650 S Detroit Street in Los Angeles’ Miracle Mile area.
Residents have access to the surrounding Museum Row district, including LACMA, the Petersen Automotive Museum, and the Academy Museum. The property also sits near The Grove and the Original Farmers Market, with cafes, restaurants, and boutique retail in the surrounding area. A reported Walk Score of 93 reflects the neighborhood’s pedestrian accessibility. The initial CAP rate is 4.82%, with a projected 6.75% CAP rate upon unit turnover.
Residents have access to the surrounding Museum Row district, including LACMA, the Petersen Automotive Museum, and the Academy Museum. The property also sits near The Grove and the Original Farmers Market, with cafes, restaurants, and boutique retail in the surrounding area. A reported Walk Score of 93 reflects the neighborhood’s pedestrian accessibility. The initial CAP rate is 4.82%, with a projected 6.75% CAP rate upon unit turnover.
Key Highlights
- 16,290 gross square feet on a 7,501‑square‑foot lot
- 16‑unit mix: 4 studios, 8 one‑bedroom, and 4 two‑bedroom units
- Unit mix includes 1 two‑bedroom, one‑and‑a‑half‑bath residence
Property Analytics
Property Profile
Current Use
Lease Details
16
Residential units
Location Intelligence
Trade Area within ½ mile
3,927
Businesses Nearby
Explore this area
Business Placement
Demographics for 90036, CA
39,549
Population
21,890
Households
1.8
Avg Household Size
36
Median Age
68%
College-Educated
97%
High-School Grad
2.5 sq mi
ZIP Area
15,820
Density / Sq Mi
$102,877
Median Household Income
$66,385
Median Earnings
$2,730
Median Rent
$1,958,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Sixteen residences offer a varied studio, one-bedroom, and two-bedroom mix in Los Angeles’ Miracle Mile.
Where is this apartment building located?
The property is located at 650 S Detroit St Los Angeles, CA.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: 16,290 gross square feet on a 7,501‑square‑foot lot; 16‑unit mix: 4 studios, 8 one‑bedroom, and 4 two‑bedroom units; Unit mix includes 1 two‑bedroom, one‑and‑a‑half‑bath residence
