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For SaleLuxury

$1,625,000

4,672 sqft$348/sqft297 days on market

2331 Lucerne Avenue

Los Angeles, CA 90016

· 8% down, 7% APR, 30yr fixed

5

Beds

5

Baths

4,672

Square feet

1924

Built

Listing narrative

Description

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.

Listing agent (MLS): Antony Arkel · Listing brokerage (MLS): Douglas Elliman

Property Details

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Price

$1,625,000

Beds

5 bd

Type

House

Home Size

4,672 sqft

Baths

5

Lot Size

0.13 acres

Year

1924

Status

For Sale

Days on Market

297

$ / Sqft

$348

· 8% down, 7% APR, 30yr fixed
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Courtesy of Douglas Elliman