1320 S Carmelina Ave - Apartments FOR SALE


Los Angeles, CA 90025
$2,800,000 USD
310-382-6705
1320 S Carmelina Ave, Los Angeles, CA for Sale
$2,800,000 USD
Apartments - FOR SALE
1/11
null | 3.85% Cap Rate

1320 S Carmelina Ave
Los Angeles, CA 90025


HIGHLIGHTS

  • Great Unit Mix Consisting of (6) one-bedroom, one-bath units, (1) three-bedroom, two-bath unit, (1) two-bedroom, two-bath unit, and (1) Bachelor unit.
  • Tremendous Upside: Approx 43% from current to market rents
  • Situated on a quiet street with easy acsess to major arteries such as Santa Monica Blvd, Wilshire Blvd, and the 405 Freeway.
  • On-site Washer/Dryer
  • Covered Car Port Parking
  • Seismic Retrofit Completed

OVERVIEW

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).

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$407 USD /SF

# OF UNITS

9

PRICE/UNIT

$311,111

CAP RATE

3.85%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Value Add West LA 9 Unit | Excellent Location

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,382 SF

ZONING

[Q]R3-1

APN/PARCEL ID

4267-033-009

ASK ABOUT THIS PROPERTY

Everett WongGreysteelMore Info
310-382-6705

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Everett WongGreysteelMore Info
310-382-6705

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.