$5,195,000

621 S Dunsmuir Ave, a 32 unit apartment building located in the Miracle Mile, a highly desirable neighborhood in Los Angeles, California.Built in 1929, the property consists of (24) studio units and (8) one-bedroom + one-bathroom units.The building is 21,480 gross square feet and sits on a 7,801 square foot lot.Nestled in the heart of Miracle Mile, 621 S Dunsmuir Ave offers residents a central Los Angeleslifestyle surrounded by culture, dining, and entertainment. Just steps from Museum Row, includingLACMA, the Petersen Automotive Museum, and the Academy Museum, this property places tenants at the intersection of art, history, and modern living.With a Walk Score of 95, residents enjoy easy access to local cafes, trendy restaurants, boutique shopping, and iconic destinations such as The Grove and the Original Farmers Market. Combining a prime Mid-Wilshire location with excellent connectivity, 621 S Dunsmuir Ave delivers the ideal mix of convenience, culture, and lifestyle that keeps renters highly attracted to this sought-after neighborhood. The property currently delivers an initial CAP rate of 5.38%, with the potential to reach a 7.17% CAP rate upon unit turnover.