650 S Detroit St 16 Unité Immeuble d’appartements 5 618 240 $ CAD (351 140 $ CAD/Unité) 4,82% Taux de capitalisation Los Angeles, CA 90036

Michael Kamara of Lyon Stahl is pleased to present 650 S Detroit St, a 16 unit apartment building
located in the Miracle Mile, a highly desirable neighborhood in Los Angeles, California. Built in
1931, the property consists of (4) studio units, (8) one-bedroom + one-bathroom units, (3) two-
bedroom + one-bathroom units, (1) two-bedroom + one-and-a-half-bathroom units. The building is
16,290 gross square feet and sits on a 7,501 square foot lot.
Nestled in the heart of Miracle Mile, 650 S Detroit St offers residents a central Los Angeles lifestyle
surrounded by culture, dining, and entertainment. Just steps from Museum Row, including LACMA,
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 93, residents enjoy easy access to local cafés, 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, 650 S Detroit St 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 4.82%, with the potential to
reach a 6.75% CAP rate upon unit turnover.