REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Fri

Jan

Sat

Jan

Sun

Feb

Ed Alejandre

ed@alejandregroup.com +1(323) 691-9355

$ 2,650,000

Est. payment -/mo

Save

Active

712 S Stanley AVE Los Angeles, CA 90036

10 Beds

8 Baths

6,950 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 6,950 sqft

Price per Sqft $381

MLS Listing ID 25621165

Bedrooms 10

HOA Y/N No

Year Built 1928

Lot Size 6,965 Sqft

Property Description

Fully Vacant. Entire building empty. We are excited to present a unique opportunity to purchase 712 S Stanley Ave, a fully vacant 4-unit apartment building - a C2 commercial zoning next to Wilshire Blvd and across the street from the LACMA Museum / LA Tar Pits Museum - centrally located in the highly sought-after Miracle Mile district of Los Angeles. Constructed in the 1920s with a Spanish architectural flair, the property offers a gross square footage of approximately 6,950 and is situated on a 0.16-acre (6,963 sq ft) lot. This property includes two spacious 2-bedroom, 2-bathroom units each approximately 1,350 sq ft and two very large 3-bedroom, 2-bathroom units, each approximately 1,950 sq ft. A key highlight is the full vacancy of the property upon purchase, allowing for immediate renovations and leasing, thereby enabling investors to realize the property's full income potential after their renovation is completed. This is particularly significant as the property falls under LA's rent control ordinance (RSO), which would restrict renovation activities until existing tenants vacate the premises. A great value-add strategy to consider is adding bedrooms and/or bathrooms to each of these oversized units. Depending on the floor plan and buyer's vision, it's very feasible to transform the 2 bed units into 3 bed units, and the 3 bed units into 4 bed units, without having to add any square footage. 712 S Stanley Ave is optimally located just south of Wilshire Boulevard, in the heart of Miracle Mile - an area renowned for its cultural, dining, and shopping amenities. With a Walk score of 92, the neighborhood is a veritable "walker's paradise", offering residents an array of nearby conveniences and an outstanding quality of life. The property's location is further bolstered by its proximity to a brand-new metro station, currently under construction. This transit connectivity significantly enhances access to the wider LA area and beyond, making it an ideal location for commuters. It's approximately 1 mile from The Grove, LA's premier shopping and dining destination, featuring a mix of high-end retailers and unique boutiques, alongside world-class dining options, offering a desirable lifestyle for potential tenants. This property, with its historic charm, substantial square footage, zoning advantages, and superior location, offers an exceptional investment opportunity to maximize income potential and capital appreciation in the highly coveted Miracle Mile area.

Location

State CA

County Los Angeles

Area C19 - Beverly Center-Miracle Mile

Zoning LAC2

Interior

Heating Central

Fireplace No

Appliance Refrigerator, Dryer, Washer

Laundry Inside, Laundry Room

Exterior

Parking Features Garage, Side By Side, Tandem, Uncovered

Total Parking Spaces 8

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5089010023

Special Listing Condition Standard

Listed by Vangelis Korasidis Coldwell Banker Realty

SCHOOLSPROPERTIES

Elementary Schools 20

10

West Hollywood Elementary

Public | KG - 5
9

Beverly Vista School

Public | KG - 8
9

Canfield Avenue Elementary School

Public | KG - 5
9

Horace Mann School

Public | KG - 8
9

Citizens of the World Charter

Public | KG - 8
8

Castle Heights Elementary School

Public | KG - 5
8

Hancock Park Elementary

Public | KG - 5
8

Melrose Avenue Elementary School

Public | KG - 6
8

3rd Street Elementary School

Public | KG - 5
8

Larchmont Charter

Public | KG - 12
8

Queen Anne Place Elementary School

Public | KG - 5
7

Linwood E. Howe Elementary School

Public | KG - 5
7

Baldwin Hills Elementary School

Public | KG - 5
7

Gardner Street Elementary

Public | PK - 5
7

Cheremoya Avenue School

Public | PK - 6
7

Hollywood Primary Center

Public | KG - 3
6

Marvin Avenue Elementary

Public | KG - 5
6

Cienega Elementary School

Public | KG - 5
6

Wilshire Park Elementary

Public | KG - 5
6

Van Ness Avenue Elementary

Public | KG - 5

Middle Schools 20

8

Los Angeles Center for Enriched Studies

Public | 6 - 12
6

New los Angeles Charter

Public | 6 - 8
6

John Burroughs Middle School

Public | 6 - 8
5

Magnolia Science Academy 6

Public | 6 - 8
5

Pico Pico Middle School

Public | 6 - 8
4

Magnolia Science Academy 5

Public | 6 - 12
4

Bancroft Middle School

Public | 6 - 8
4

Joseph Le Conte Middle School

Public | 6 - 8
1

Johnnie Cochran Jr. Middle School

Public | 6 - 8
1

Apex Academy

Public | 7 - 12
0

Angela's Workshop

Private | 6 - 12
0

Yeshivat Ohr Chanoch

Private | 8 - 12
0

Star Preparatory Academy

Private | 6 - 12
0

Pacific Hills School

Private | 6 - 12
0

Urban Village Middle School

Public | 6 - 8
0

West Hollywood Opportunity

Public | 7 - 12
0

Aviva High School

Private | 7 - 12
0

The Episcopal School of los Angeles

Private | 6 - 9
0

Marlborough School

Private | 7 - 12
0

Frederick Douglass Academy Middle School

Public | 6 - 8

High Schools 20

7

Fairfax High School

Public | 9 - 12
7

Math and Science College Preparatory

Public | 9 - 12
7

Frederick Douglass Academy High School

Public | 9 - 12
7

STEM Academy of Hollywood

Public | 9 - 12
5

Alexander Hamilton High School

Public | 9 - 12
5

Hollywood High School

Public | 9 - 12
3

Los Angeles High School

Public | 9 - 12
1

Dorsey High School

Public | 9 - 12
1

Helen Bernstein High School

Public | 9 - 12
0

Yula Boys High School

Private | 9 - 12
0

Cheviot Hills Continuation

Public | 9 - 12
0

Yula Girls High School

Private | 9 - 12
0

Mesivta Birkas Yitzchok

Private | 9 - 12
0

Shalhevet High School

Private | 9 - 12
0

Shalhevet School

Private | 9 - 12
0

Harkham-Gaon Acadamy

Private | 9 - 12
0

Whitman Continuation

Public | 9 - 12
0

Shaarei Torah California Rabbinical College

Private | 9 - 12
0

Bais Yaakov School for Girls

Private | 9 - 12
0

Yeshiva Gedolah of los Angeles

Private | 9 - 12

School and business data provided by Attom Data.

${companyName}

Phone

+1(323) 691-9355

ed@alejandregroup.com

Address

611 Wilshire Blvd, Los Angeles, CA, 90017-2903, USA