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1649 S La Brea, Los Angeles, CA 90019

Local realty services provided by:CENTURY 21 Cornerstone
1649 S La Brea,Los Angeles, CA 90019
$2,200,000
  • - Beds
  • - Baths
  • 6,816 sq. ft.
  • Multi-family
  • Active
Listed by: everett wong
Office: greysteel california, inc.
MLS#:PW26037363
Source:CRMLS

Price summary

  • Price:$2,200,000
  • Price per sq. ft.:$322.77

About this home

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.

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Home facts

  • Year built:1963
  • Listing ID #:PW26037363
  • Added:1 day(s) ago
  • Updated:February 21, 2026 at 11:32 AM

Rooms and interior

  • Living area:6,816 sq. ft.

Structure and exterior

  • Year built:1963
  • Building area:6,816 sq. ft.
  • Lot area:0.16 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$2,200,000
  • Price per sq. ft.:$322.77
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