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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.
| DAYS ON MARKET | 24 | LAST UPDATED | 2/19/2026 |
|---|---|---|---|
| YEAR BUILT | 1963 | COMMUNITY | C16 - Mid Los Angeles |
| GARAGE SPACES | 9.0 | COUNTY | Los Angeles |
| STATUS | Active | PROPERTY TYPE(S) | Residential Income |
| ADDITIONAL DETAILS | |
| AREA | C16 - Mid Los Angeles |
|---|---|
| GARAGE | Yes |
| LOT | 7004 sq ft |
| LOT DIMENSIONS | 7003 |
| PARKING | Covered |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| WATER | Public |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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