712 S Stanley Avenue, Los Angeles, CA 90036
Local realty services provided by:CENTURY 21 Wildwood Properties, Inc.
712 S Stanley Avenue,Los Angeles, CA 90036
$2,650,000
- 10 Beds
- - Baths
- 6,950 sq. ft.
- Multi-family
- Active
Listed by: vangelis korasidis
Office: coldwell banker realty
MLS#:CL25621165
Source:CA_BRIDGEMLS
Price summary
- Price:$2,650,000
- Price per sq. ft.:$381.29
About this home
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.
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Home facts
- Year built:1928
- Listing ID #:CL25621165
- Added:235 day(s) ago
- Updated:December 13, 2025 at 03:43 PM
Rooms and interior
- Bedrooms:10
- Living area:6,950 sq. ft.
Heating and cooling
- Heating:Central
Structure and exterior
- Year built:1928
- Building area:6,950 sq. ft.
- Lot area:0.16 Acres
Finances and disclosures
- Price:$2,650,000
- Price per sq. ft.:$381.29
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