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$ 4,650,000
Est. payment | /mo
16 Beds
16 Baths
9,381 SqFt
$ 4,650,000
Est. payment | /mo
16 Beds
16 Baths
9,381 SqFt
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
Listed by Benjamin J. Hsiang Realty Investment Advisors, Inc.
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