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1128 Masselin Avenue, 
Los Angeles, CA 90019

$2,995,000


12

Beds


12

Baths


9,206

Sq Ft


Multi-Family

Pending

Listed by

James Respondek

Evan Conover

Rodeo Realty - Pacific Palisades

310-566-4400

Last updated:

May 29, 2025, 05:36 AM

MLS#

25529795

Source:

CRMLS

About This Home

1128 Masselin Avenue

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 10.44 GRM and 6.67 % cap at full occupancy with more upside as legacy rents burn off ($5.39 Actual Cap Rate FY2024). Major systems are in great shape, OPEX is lean (~$87K/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.

Home Facts

Multi-Family

12 Baths

12 Bedrooms

Built in 1948

Price Summary

2,995,000

$325 per Sq. Ft.

MLS #:

25529795

Last Updated:

May 29, 2025, 05:36 AM

Added:

a month ago


Rooms & Interior

Bedrooms

Total Bedrooms:

12

Bathrooms

Total Bathrooms:

12

Interior

Living Area:

9,206 Sq. Ft.


Structure

Structure

Building Area:

9,206 Sq. Ft.

Year Built:

1948


Lot

Lot Size (Sq. Ft):

12,497


Finances & Disclosures

Finances

Price:

$2,995,000

Price per Sq. Ft:

$325 per Sq. Ft.

Source:CRMLS
Based on information from California Regional Multiple Listing Service, Inc. as of May 29, 2025 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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