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2331 Lucerne AvenueLos Angeles, CA 90016

For Sale

$1,625,000

Smart Buyer Rebate $16,250

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 strategically positioned in the most appealing centre of high growth areas from Downtown L.A. to Culver City's Tech Hub, the neighbourhood is experiencing a rapid growth of multifamily development. Lucerne Tower sits within recently funded city infrastructure installations including (2) Metro lines to USC , LAX, Downtown, Westside Beaches, and walkability to the "Washington Corridor" & Artist District featuring trending coffee venue destinations and art galleries. All units have been master-crafted, millwork restored and adequately sized [potential reconfigure] with hi-cove ceilings, separate dining areas, sconced parlors and Batchelder fireplace mantles. Bathrooms feature wainscoted tile, pedestal sinks, and deep 1920s Kohler tubs in all units. All units retain individual laundry rooms with 125 amp electric service, copper plumbing with no expense spared on the structural assets. The property sits atop an apex of unobstructed, Los Angeles citywide views. Here you will find the "hero tower" unit with a separate 12'x12' creative space, 360' panoramic rooftop views and balconies perched over the Mediterranean landscape's 25 ft palm trees. The rear loft apartment sits stand alone over (4) additional artist shops or studio workplaces adding a unique flex-space potential [buyer to verify with city]. The property can be versatile for an owner-user/creative that wants to have onsite work -loft studio space or any professional/investor.

Listed by Antony Arkel

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License #01316547

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Christie's International Real Estate SoCal

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310-275-7778

Last updated January 23, 2026

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Source: CRMLS #26636021

Listing Facts

  • TypeMulti-family
  • NeighborhoodMid City
  • Bedrooms5
  • Days on Prevu15
  • Size4,672 sqft
  • Price per sqft$348

Amenities

  • Parking

Location

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Listing History

01/15/2026
Listed by Christie's International Real Estate SoCal
$1,625,000

Property Details for 2331 Lucerne Avenue

Exterior

Construction

  • Number Of Units Total: 5
  • Year Built: 1924

Measurements

  • Building Area Total: 4,672
  • Lot Size Acres: 0.13
  • Lot Size Area: 5,675
  • Lot Size Dimensions: 6,094
  • Lot Size Square Feet: 5,675
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Cap Rate: 5.0
  • Gross Income: $84,012.00

Taxes

  • Parcel Number: 5061024016

Interior

Measurements

  • Living Area: 4,672

Rooms

  • Bathrooms Total Integer: 5
  • Bedrooms Total: 5

Parking

Parking

  • Parking Features: Covered, Driveway
  • Parking Total: 5

Utilities

Equipment

  • Heating: Floor Furnace
  • Has Heating: Yes
  • Sewer: Other

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There are 5 bedrooms in this multi-family home at 2331 Lucerne Avenue.

Does this multi-family home have parking?

Yes, there are 5 parking spaces available for 2331 Lucerne Avenue.

How does 2331 Lucerne Avenue compare to other multi-family homes in Mid City?

This multi-family home is listed 22% below the average price for multi-family homes in Mid City and has been on the market for 152 less days than the typical home in this area.

What is the square footage on this multi-family home?

According to the MLS, this listing is 4,672 sqft.

2331 Lucerne Avenue is a 5-bedroom multi-family home for sale in Los Angeles CA 90016. Available on Prevu for 15 days at $1,625,000. This property features 4,672 square feet of living space, located in Mid City. The median listing price for multi-family homes in this area is $1,599,950. Property amenities include parking. Browse more multi-family home listings in Los Angeles.

Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.