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275 Lucas Avenue, Los Angeles, CA 90026
$2,908,000
275 Lucas Avenue, Los Angeles, CA 90026View this property at 275 Lucas Avenue, Los Angeles, CA 90026
275 Lucas AvenueLos AngelesCA90026
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Property Description
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.
Full Property Details
Full Property Details for 275 Lucas Ave
General
- Sold For: $2,908,000
- Status: Closed
- Type: Multi-Family
- MLS ID: SB23169809
- Added to Site: 236 day(s) ago
Rooms
Other Rooms
- Laundry: Common Area
Additional Information
- Pool Description: None
Location
- Area: 699 - Not Defined
- County: Los Angeles
- Development Name: 699 - Not Defined
- Driving Directions: Near Lucas and W. 3rd
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 23
- # Electric Meters: 23
Structural Information
- Entry Location: Front
- Square Feet: 10,758
- Year Built: 1964
Unit Information
Unit 1
- Number of Units: 8
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Number of Units: 14
- Total Bathrooms: 1
Lot Features
- Lot Size (Acres): 0.279
- Lot Size Source: Public Records
- Zoning: LACW
- Lot Description: Near Public Transit
Financial Considerations
- Price Per Sq. Ft.: $270.31
- Price Per Unit: 145455
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
Listed and Sold by Keller Williams Beach Cities, Josh Cohen
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Schools
Schools serving 275 Lucas Ave
School District:Los Angeles Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
309 Lucas Ave, Los Angeles, CA 90017 | K-5 | 0.1 mi | |
1575 W 2nd St, Los Angeles, CA 90026 | 6-8 | 0.2 mi | |
1575 W 2nd St, Los Angeles, CA 90026 | 9-12 | 0.2 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 275 Lucas Ave
Date
Details
Price
Change
Source
2/28/2024
Sold
$2,908,000
-9.12%
MLS
10/05/2023
Price Reduced
$3,200,000
-11.11%
MLS
9/11/2023
Listed
$3,600,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
275 Lucas Avenue, Los Angeles, CA 90026 (MLS# SB23169809) is a Multi-Family property that was sold at $2,908,000 on February 28, 2024. Want to learn more about 275 Lucas Avenue? Do you have questions about finding other Multi-Family real estate for sale in Los Angeles? You can browse all Los Angeles real estate or contact a Coldwell Banker agent to request more information.