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. Current in-place rents offer approximately 20% upside to market - and delivered with Two (2) Vacant Units - 2BR and Bachelor Unit. 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 desirable 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 agent:
Everett Wong
License #01991247
Greysteel California, Inc.
1649 La Brea is a Residential Income Mixed Use property located in Los Angeles, California, featuring a 0.161 acre lot, MLS #PW26037363.