1315 S Carmelina Ave new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90025
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 9,381 sqft
Price per Sqft $495
MLS Listing ID 25589541
Bedrooms 16
Year Built 1989
Lot Size 7,360 Sqft
Acres 0.169
Property Sub-Type Multi-Family
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 West L.A.
Zoning LAR3
Rooms
Other Rooms None
Interior
Heating Central
Cooling Central, Air Conditioning
Equipment Range/Oven, Stackable W/D Hookup
Exterior
Parking Features Gated
Garage Spaces 16.0
Building
Story 3
Level or Stories Three Or More
Others
Special Listing Condition Standard