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… Read More 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%). Read Less
Courtesy of Realty Investment Advisors, Inc.
Listing Snapshot
Days Online
3
Last Updated
Property Type
Other
Beds
16
Square Ft.
9,381
Lot Size
0.17 Acres
Year Built
1989
MLS Number
25589541
30 Days Snapshot Of 90025
$1.91M
+16%
(avg) sold price
23
+4%
homes sold
76
+24%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Range/Oven, Stackable W/D Hookup
Building
9,381 sq ft, Built in 1989, Levels: Three Or More, Attached
Cooling
Central, Air Conditioning
Disclosures
None
Garage
Gated
Heating
Central
Lot
LotAcreage: 0.169, LotSizeArea: 7,360
Parking
CoveredParking: 16, TotalParking: 16
Property
NumberOfUnits: 8, Zoning: LAR3
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