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Diego Magdaleno

diego@1visionproperties.com +1(714) 676-7271

$4,650,000

Est. payment - /mo

16 Beds

16 Baths

9,381 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 9,381 sqft

Price per Sqft $495

MLS Listing ID 25589541

Bedrooms 16

HOA Y/N No

Year Built 1989

Lot Size 7,361 Sqft

Property Description

We are pleased to present 1315 S Carmelina Avenue, an opportunity to acquire a well-positioned eight-unit multifamily property in the highly sought-after West Los Angeles submarket. Constructed in 1989, the property offers a blend of stable in-place income and long-term growth potential, with a current 12.93 GRM and 4.73% cap rate. Each of the eight residences features a spacious two-bedroom floor plan, with four units including lofts and private rooftop decks that enhance livability and tenant appeal. The building is thoughtfully designed with individual washer/dryer hookups, central air conditioning and heating, fireplaces, and oversized private balconies. In addition to secured entry and gated parking, residents also benefit from two parking spaces per unit. The property is not subject to City of Los Angeles rent control. Instead, it falls under the preferable AB1482 framework, which permits annual rent increases of 5% plus CPI (capped at 10%).

Location

State CA

County Los Angeles

Area Wla - West Los Angeles

Zoning LAR3

Interior

Heating Central

Cooling Central Air

Fireplace No

Laundry Stacked

Exterior

Parking Features Gated

Community Features Gated

Total Parking Spaces 16

Building

Story 3

Entry Level Three Or More

Level or Stories Three Or More

New Construction No

Others

Senior Community No

Tax ID 4267034010

Security Features Carbon Monoxide Detector(s),Security Gate,Gated Community,Smoke Detector(s)

Special Listing Condition Standard

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Listed by Benjamin J. Hsiang Realty Investment Advisors, Inc.

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1315 S Carmelina AVE Los Angeles, CA 90025