$1,625,000
2331 Lucerne Avenue, Los Angeles CA 90016
Multi-Family (5 Units)
Property type
141 days
On market
$348
Price per sqft
N/A
Garage
1924
Year built
5,675 sqft
Lot size
Open Houses
Overview
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...
Listing provided by: Antony Arkel DRE #01316547 310-275-7778, Douglas Elliman
Listing updated: Feb 18, 2026 at 05:58pm.
Last checked: Jun 5, 2026 at 03:30am
Source: CRMLS #26636021
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 1 | 1 | — | $1,858 | $22,296 | $2,500 | Unfurnished |
| 2 | 1 | 1 | — | $1,878 | $22,536 | $2,500 | Unfurnished |
| 3 | 1 | 1 | — | $1,617 | $19,404 | $2,500 | Unfurnished |
| 4 | 1 | 1 | — | $1,648 | $19,776 | $2,500 | Unfurnished |
| 5 | 1 | 1 | — | $0 | $0 | $3,000 | Unfurnished |
# of Buildings: 2
# of Units Total: 5
Financial Snapshot
Gross Rent Multiplier
19.3x
List Price / Annual Gross Rent
Cap Rate
5%
NOI / List Price
Net Operating Income: $67,210
Interior
Cooling: None
Heating: Floor Furnace
Exterior
Stories Total: 0
Levels: Multi Split
Sewer: Other
Garage and Parking
Parking: Covered, Driveway
Parking Total: 5
Lot Information
Land Lease: No
Parcel #: 5061024016
Zoning: LARD2
Lot Size Dimensions: 60x94
Community
HOA: No
Senior Community: No
Nearby Schools
Nearby schools around the 2331 Lucerne Avenue, Los Angeles, CA 90016. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$1,300,000
Total Interest
$1,658,078
Total Payment
$2,958,078
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$10,060
per month
Property History for 2331 Lucerne Avenue
Los Angeles Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90016.
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