1649 S La Brea, Los Angeles, CA 90019
- $1,600,000
- Sold Price
- $1,600,000
- List Price
- $2,000,000
- Closing Date
- Jun 09, 2026
- Status
- CLOSED
- MLS#
- PW26037363
- Year Built
- 1963
- Lot Size
- 7,003
- Acres
- 0.16
- Lot Location
- 0-1 Unit/Acre
- Days on Market
- 48
- Property Type
- Multifamily
- Property Sub Type
- Mixed Use
Property Description
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 8.9x 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- and 2-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.
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Additional Information
- Pool Description
- None
- Garage Spaces Total
- 9
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Detached
- Number Of Units Total
- 11
- Gross Scheduled Income
- $224,388
- Operating Expense
- 86363
Listing courtesy of Listing Agent: Everett Wong (ewong@greysteel.com) from Listing Office: Greysteel California, Inc..
Listing sold by Everett Wong from Greysteel California, Inc.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.