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712 S Stanley Ave, 
Los Angeles, CA 90036

$2,650,000


10

Beds


8

Baths


6,950

Sq Ft


Multi-Family

Active

Listed by

Vangelis Korasidis

310-777-6200

Last updated:

July 25, 2025, 02:17 PM

MLS#

25528659

Source:

CA CLAW

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About This Home

712 S Stanley Ave

We are excited to present a unique opportunity to purchase 712 S Stanley Ave, a fully vacant 4-unit apartment building - a C2 commercial zoning next to Wilshire Blvd and across the street from the LACMA Museum / LA Tar Pits Museum - centrally located in the highly sought-after Miracle Mile district of Los Angeles. Constructed in the 1920s with a Spanish architectural flair, the property offers a gross square footage of approximately 6,950 and is situated on a 0.16-acre (6,963 sq ft) lot. This property includes two spacious 2-bedroom, 2-bathroom units each approximately 1,350 sq ft and two very large 3-bedroom, 2-bathroom units, each approximately 1,950 sq ft. A key highlight is the full vacancy of the property upon purchase, allowing for immediate renovations and leasing, thereby enabling investors to realize the property's full income potential after their renovation is completed. This is particularly significant as the property falls under LA's rent control ordinance (RSO), which would restrict renovation activities until existing tenants vacate the premises. A great value-add strategy to consider is adding bedrooms and/or bathrooms to each of these oversized units. Depending on the floor plan and buyer's vision, it's very feasible to transform the 2 bed units into 3 bed units, and the 3 bed units into 4 bed units, without having to add any square footage. 712 S Stanley Ave is optimally located just south of Wilshire Boulevard, in the heart of Miracle Mile - an area renowned for its cultural, dining, and shopping amenities. With a Walk score of 92, the neighborhood is a veritable "walker's paradise", offering residents an array of nearby conveniences and an outstanding quality of life. The property's location is further bolstered by its proximity to a brand-new metro station, currently under construction. This transit connectivity significantly enhances access to the wider LA area and beyond, making it an ideal location for commuters. It's approximately 1 mile from The Grove, LA's premier shopping and dining destination, featuring a mix of high-end retailers and unique boutiques, alongside world-class dining options, offering a desirable lifestyle for potential tenants. This property, with its historic charm, substantial square footage, zoning advantages, and superior location, offers an exceptional investment opportunity to maximize income potential and capital appreciation in the highly coveted Miracle Mile area.

Home Facts

Multi-Family

8 Baths

10 Bedrooms

Built in 1928

Price Summary

2,650,000

$381 per Sq. Ft.

MLS #:

25528659

Last Updated:

July 25, 2025, 02:17 PM

Added:

3 month(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

10

Bathrooms

Total Bathrooms:

8

Interior

Living Area:

6,950 Sq. Ft.


Structure

Structure

Year Built:

1928


Lot

Lot Size (Sq. Ft):

6,965


Finances & Disclosures

Finances

Price:

$2,650,000

Price per Sq. Ft:

$381 per Sq. Ft.

Source:CA CLAW
The information being provided by The MLS/Claw is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2025 The MLS/Claw All rights reserved.

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