10
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Listed by Everett Wong • Greysteel California, Inc.
$2,800,000
Est. payment /mo
6,875 SqFt
Pending
1320 S Carmelina Avenue Los Angeles, CA 90025
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Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 6,875 sqft
Price per Sqft $407
MLS Listing ID CRPW25024900
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1963
Lot Size 7,382 Sqft
Property Sub-Type Other
Property Description
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. 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).
Location
State CA
County Los Angeles
Interior
Fireplace No
Laundry Other
Building
Water Public
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