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331 S Detroit St, Los Angeles, CA 90036
$2,680,000
331 S Detroit St, Los Angeles, CA 90036View this property at 331 S Detroit St, Los Angeles, CA 90036
331 S Detroit StLos AngelesCA90036
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Property Description
331 S.Detroit Street, a 4-unit apartment building located in a highly desirable residential neighborhood of Miracle Mile, Los Angeles. The property is comprised of 6,699 rentable square feet and consists of Two (2) Two-bedrooms/One-Bath, and Two (2) Three Bedrooms/Two- Baths units. All units are considerably large with an average size of approximately 1,700 square feet and features in-unit laundry, walk-in closets, high ceilings, and two side-by-side parking spaces. The large units, in combination with the unique sought-after features that they offer, create a perfect opportunity for an investor, or someone looking to live on-premises. With a Walk Score of 88, the location not only provides residents ideal proximity to a myriad of entertainment venues, cultural destinations, and world-class dining but also happens to be nearby to a variety of new, high-quality developments in the works. Between Hackman Capital in the process of redeveloping the massive 25-acres CBS Television Studio lot, the Onni Group is currently working to reposition the one-million square-feet Wilshire Courtyard business park, and the Metro Purple Line in the midst of a westward expansion running through Miracle Mile, the surrounding areas will surely benefit from the alterations in more ways than one. Given the property's prime Miracle Mile location and anticipated future developments in the area, 331 S. Detroit Street is an ideal investment for investors seeking a value-add opportunity that will undoubtedly appreciate tremendously over time.
Full Property Details
Full Property Details for 331 S Detroit St
General
- Sold For: $2,680,000
- Status: Closed
- Type: Multi-Family
- MLS ID: 21-782602
- Added to Site: 974 day(s) ago
Rooms
Bedrooms
- Total Bedrooms: 10
Other Rooms
- Laundry: In Unit
Additional Information
- Other Features: None
Parking
- Garage: Yes
- Garage Spaces: 3
- Garage Description: Covered Parking
Location
- Area: Beverly Center-Miracle Mile
- County: Los Angeles
- Driving Directions: Head west down W 4th Street, turn left at the 2nd cross street onto S Detroit Street.
Heating & Cooling
- Cooling Type: Window Unit(s)
- Heating Type: None
Structural Information
- # Buildings: 1
- Exterior Const.: Stucco
- Stories/Levels: 2
- Square Feet: 6,699
- Sq. Ft. Source: Assessor
- Year Built: 1929
- Year Built Source: Assessor
Unit Information
- Units in Complex: 4
- Unit Type: 2106, 2107
Unit 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 2
- Total Bathrooms: 2
- Bedrooms: 3
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 0.1791
- Lot Size: 7801
- Lot Size Source: Assessor
- Zoning: LAR4
Financial Considerations
- Price Per Sq. Ft.: $410.51
- Assessment Year: 1929
- Owner Pays: Gardener, Water
Disclosures and Reports
- Disclosures/Reports: As Is
- APN: 5508-002-006
Listed and Sold by Marcus & Millichap, Saadia 'Sam' Liberow
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Schools
Schools serving 331 S Detroit St
School District:Los Angeles Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
201 S June St, Los Angeles, CA 90004 | K-5 | 0.6 mi | |
600 S McCadden Pl, Los Angeles, CA 90005 | 6-8 | 0.6 mi | |
7850 Melrose Ave, Los Angeles, CA 90046 | 9-12 | 1.3 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 331 S Detroit St
Date
Details
Price
Change
Source
11/03/2021
Sold
$2,680,000
-2.55%
MLS
9/10/2021
Listed
$2,750,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
331 S Detroit St, Los Angeles, CA 90036 (MLS# 21-782602) is a Multi-Family property that was sold at $2,680,000 on November 03, 2021. Want to learn more about 331 S Detroit St? 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.