Located in a highly desirable West Los Angeles submarket, 1320 S. Carmelina Ave offers a prime multifamily value-add investment opportunity just one block south of Wilshire Blvd and bordering Brentwood, one of the area’s most sought-after rental markets. This 9-unit apartment building, constructed in 1963, spans 6,875 square feet on a 7,382 square foot [Q]R3-1 zoned lot. The property features a diverse unit mix, including (6) one-bedroom, one-bath units, (1) three-bedroom, two-bath unit, (1) two-bedroom, two-bath unit, and (1) bachelor unit. With approximately 43% rental upside, this asset presents a compelling value-add investment with strong long-term growth potential.
The Westside remains one of the strongest rental markets in Los Angeles, characterized by steady rent growth and low vacancy rates. Situated near Santa Monica, Brentwood, and Westwood, the property benefits from easy access to top-tier dining, nightlife, shopping, and a thriving office sector. As demand for well-located rental housing continues to rise, 1320 S. Carmelina Ave represents a rare opportunity to acquire a high-potential multifamily asset in one of LA’s most dynamic and desirable neighborhoods.
This is one of a 4-property, 37-Unit Westside portfolio which may be delivered individually or collectively. The other addresses are: 1511 Corinth Avenue (8 Units), 3310 S. Keystone Avenue (10 Units), and 3636 S. Keystone Avenue (10 Units).