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About This Home
This 5-bedroom, 5-bathroom residential multi family at 2331 Lucerne Ave in Los Angeles, CA is listed for $1,625,000 ($348 per sqft). Built in 1924, the home offers 4,672 sqft of living space on a 0.13 acres lot.
BEST VALUE IN MID CITY! Welcome to Lucerne tower! A five unit, 1920's Italianate Arts & Crafts architectural multifamily apartment building with multiple live/ loft/ work accessory unit potential. Centrally located, within the urban vibrancy of Mid City Heights/West Adams district.
Officially designated an "Urbanized, Transit Priority Area" (TPA), the property is strategically positioned in the most appealing centre of high growth areas from Downtown L.A. to Culver City's Tech Hub, the neighbourhood is experiencing a rapid growth of multifamily development.
Lucerne Tower sits within recently funded city infrastructure installations including (2) Metro lines to USC , LAX, Downtown, Westside Beaches, and walkability to the "Washington Corridor" & Artist District featuring trending coffee venue destinations and art galleries.
All units have been master-crafted, millwork restored and adequately sized [potential reconfigure] with hi-cove ceilings, separate dining areas, sconced parlors and Batchelder fireplace mantles. Bathrooms feature wainscoted tile, pedestal sinks, and deep 1920s Kohler tubs in all units.
All units retain individual laundry rooms with 125 amp electric service, copper plumbing with no expense spared on the structural assets. The property sits atop an apex of unobstructed, Los Angeles citywide views. Here you will find the "hero tower" unit with a separate 12'x12' creative space, 360' panoramic rooftop views and balconies perched over the Mediterranean landscape's 25 ft palm trees.
The rear loft apartment sits stand alone over (4) additional artist shops or studio workplaces adding a unique flex-space potential [buyer to verify with city]. The property can be versatile for an owner-user/creative that wants to have onsite work -loft studio space or any professional/investor.
Key Features
- Built in 1924
- 0.13 acre lot
- 5 parking spaces
Property Details
Monthly Cost Estimate
$8,691/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
2331 Lucerne Ave
Los Angeles, CA 90016
Property Details
Parking
Heating
Questions & Answers
This 5-bedroom, 5-bathroom residential multi family at 2331 Lucerne Ave is listed at $1,625,000 ($348/sqft). The estimated monthly payment is $7,042 based on 20% down at 6.5% interest.
Key features include: Built in 1924, 0.13 acre lot, 5 parking spaces.
This property is listed by Antony Arkel and can be reached at 3102757778 or antony@ciresocal.com.
