Michael Kamara of Lyon Stahl is pleased to present 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 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 95, 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, 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.