Pending

275 Lucas Avenue

Los Angeles CA, 90026

$3,200,000


$297.45 per sqft

Pending

10,758 sqft

Condo

Built in 1964

Listed by Josh Cohen with Keller Williams Beach Cities 310-939-9300

Available for sale for the first time in nearly 42 years, the property has had most of it's systems upgraded, including a brand new roof (just weeks ago), a full copper re-plumbing, individual utility meters for all units (gas and electric), and completed seismic retrofit work! The unit mix consists of fourteen Studio units and eight 1 bedroom units, with projected upside of 67% +/- for a new owner! The building sits on a 12,000 square foot lot which includes 24 parking spaces (some covered) and community laundry for tenants (leased through WASH). The property has a great walk score of 89, meaning that the immediate area is flush with tenant amenities and high quality attractions - allowing tenants to easily take care of errands. 275 Lucas is also terrifically positioned just outside of Downtown, with convenient access to most major freeways.

SB23169809

MLS ID

September 11, 2023

Listed

February 16, 2024

Updated

Map

275 Lucas Avenue
Los Angeles CA, 90026

Interior Features

Total Stories

2


Laundry Description

Common Area


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.28 Acres


Lot Features

Near Public Transit


Sewer

Public Sewer

Other Property Details

Area Name

699 - Not Defined


Days on Market

45


Garage

No


Parking Total

24


View

No


County

Los Angeles


Water Source

Public


Pool

No


Pool Features

None


Zoning

LACW


Buyer Agency Compensation

2%

Listing History

Date

Event

Price

10/26/2023

Pending

10/5/2023

Price Change

$3,200,000

-12%

Listing Contact: 310-939-9300 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 2/16/2024. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 2/16/2024 at 4:18 AM UTC

 

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