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$2,845,000

  • Sold
  • Closed
  • Multi-Family
  • 12 Total Beds
  • 9 Car Garage
See This Home
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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 10.44 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.

Full Property Details for 1128 Masselin Ave

General

  • Sold For: $2,845,000
  • HOA FEE: $30,000
  • Status: Closed
  • Type: Multi-Family
  • Source: CLAW
  • MLS ID: 25529795
  • Added to Site: 265 day(s) ago

Interior

  • Flooring: Wood

Rooms

Bathrooms

  • Total Bathrooms: 12

Bedrooms

  • Total Bedrooms: 12

Other Rooms

  • Laundry: Community

Additional Information

  • Security/Safety: Gated
  • Other Features: Accessory Bldgs, Other

Parking

  • Garage: Yes
  • Garage Spaces: 9
  • Covered Spaces: 9
  • Garage Description: Garage - 4+ Car

Location

  • Area: Beverly Center-Miracle Mile
  • County: Los Angeles
  • Driving Directions: https://maps.app.goo.gl/2En1ShiqZsEHJQ8g9

Heating & Cooling

  • Cooling Type: Window Unit(s)
  • Heating Type: Floor

Utilities

  • Trash: 4761

Structural Information

  • # Buildings: 2
  • Architectural Style: Low Rise
  • Stories/Levels: 2
  • Square Feet: 9,206
  • Sq. Ft. Source: Vendor Enhanced
  • Year Built: 1948
  • Year Built Source: Vendor Enhanced

Unit Information

  • Units in Complex: 12
  • Unit Type: 2106

Unit 1

  • Total Bathrooms: 1
  • Bedrooms: 1

Additional Structures

  • Other Structures: Accessory Bldgs, Other

Lot Features

  • Lot Size (Acres): 0.2869
  • Lot Size: 12497
  • Lot Size Source: Vendor Enhanced
  • Lot Dimensions: 119 x 105
  • Zoning: LAR3

Financial Considerations

  • Price Per Sq. Ft.: $325.33
  • Maint. Fee: $30,000
  • Insurance Fee: $31,600
  • Assessment Year: 1948
  • Pays Trash: 4761

Disclosures and Reports

  • Disclosures/Reports: Other
  • APN: 5085-005-010

Listed and Sold by Rodeo Realty - Pacific Palisades, James Respondek and Rodeo Realty - Pacific Palisades, Evan Conover

Listing agents

— 1128 Masselin Ave —

  • James Respondek

    Rodeo Realty - Pacific Palisades

  • Evan Conover

    Rodeo Realty - Pacific Palisades

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1128 Masselin Ave

School District:Los Angeles Unified School District
NameGradesDistance
Wilshire Crest Elementary School
5241 West Olympic Boulevard, Los Angeles, CA 90036
K-50.7 mi
John Burroughs Middle School
600 McCadden Place, Los Angeles, CA 90005
7-81.3 mi
Fairfax Senior High School
7850 Melrose Avenue, Los Angeles, CA 90046
9-121.9 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1128 Masselin Ave

Date
Details
Price
Change
Source
6/17/2025
Sold
$2,845,000
-5.01%
MLS
4/25/2025
Listed
$2,995,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed and Sold by Rodeo Realty - Pacific Palisades, James Respondek and Rodeo Realty - Pacific Palisades, Evan Conover

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1128 Masselin Ave, Los Angeles, CA 90019 (MLS# 25529795) is a Multi-Family property that was sold at $2,845,000 on June 17, 2025. Want to learn more about 1128 Masselin Ave? Do you have questions about finding other Multi-Family real estate for sale in Miracle Mile? You can browse all Miracle Mile real estate or contact a Coldwell Banker agent to request more information.