$ 2,200,000
-
$2,200,000
Price -
13
Bed -
10
Bath -
6,816
SqFt
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About the Listing PB17996 - PWEVERETT
Value-add multifamily opportunity featuring a classic 1960s asset offered to the market for the first time, providing a rare chance to reposition and enhance long-term value. Offered to market at a 9.8x GRM, this property features approximately 20% upside to market - and will be delivered with Two (2) Vacant Units - 2BR and Bachelor Unit - ready for immediate in-unit refreshes. 1649 S. La Brea is ideally located in the heart of Mid-City Los Angeles, one of the city’s most dynamic rental submarkets, the property benefits from strong tenant demand, central connectivity, and ongoing neighborhood revitalization. A highly diverse unit mix of Bachelor, 1-, 2-, and 3-bedroom units appeals to a broad tenant base, supporting stable occupancy and leasing flexibility. Additionally, the property has completed the LA Seismic Retrofit Ordinance, with a Certificate of Compliance dated January 25, 2024. Contact Listing Agent for Offering Memorandum containing additional information.
Listing Highlights
Status
Active
Days on Site
45
Property Type
Multi-Family
MLS ®
PW26037363
Year Built
1963
Total Square Footage
6,816
Lot/Acreage
0.16
County
Los Angeles
Interior Details
- Bedrooms: 13
- Bathrooms: 10 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Item01UnitAcre,No Land Lease
- Garage Capacity: 9 car
- Parking Spaces: 9
- Roof:
- Others: 2+ Total Units
- Sewer: Public Sewer
- Parking Features: Covered
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5067005030
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
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Questions About..
1649 S La Brea Los Angeles, CA 90019
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