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Listed by: Everett Wong (310) 439-5790 DRE #01991247 | Greysteel California, Inc. (310) 439-5794
$2,000,000
Monthly Est:$9,955
12 Beds
10 Baths
6,816sqft
1649 S La Brea, Los Angeles, CA 90019
$2,000,000
$9,955/moEst:
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Mixed Use
Built in 1963
$-- HOA
7,003 sqft lot
$293/sq.ft
Description
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 8.9x 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- and 2-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.
- Houzeo last checked: 12 hours ago
- Listing updated: April 14, 2026 at 4:49 pm
- Source: California Regional MLS-CA | MLS#: PW26037363
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
--
Year Built
1963
HOA Fees
-
Finished Area
6,816 sqft
Lot Size
7,003 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
PW26037363
MLS Status
Active
Days on Market
257
Cumulative Days on Market
54
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 12
Bathrooms: 10
Interior
Sewer
Public Sewer
Utilities & Energy
Pool Features
None
Water Source
Public
Laundry Features
Common Area
Parking Features
Covered
Other Features
Lot Features
Zero To One Unit Acre
Community Features
Urban
Price History
| Date | Event | Price |
|---|---|---|
02/19/2026 Source: | Price Decreased | $2,000,000 -9.09% $293/sqft |
02/19/2026 Source: | Listed for Sale | $2,200,000 $323/sqft |
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Based on information from California Regional Multiple Listing Service, Inc. as of Nov 02, 2026, 02:15PM and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.
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