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1645 S La Brea Ave
Los Angeles, CA 90019
Mid-City Location | Approximately 47% Upside · Multifamily Property For Sale
·
8 Units
Property Facts
| No. Units | 8 | Building Size | 5,176 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1951 |
| Lot Size | 0.14 AC | Parking Ratio | 1.35/1,000 SF |
| Zoning | R3 - Multiple Dwelling | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Lot Size | 0.14 AC |
| Building Size | 5,176 SF |
| No. Stories | 2 |
| Year Built | 1951 |
| Parking Ratio | 1.35/1,000 SF |
| Zoning | R3 - Multiple Dwelling |
About 1645 S LA BREA AVE , LOS ANGELES, CA 90019
The property features a pitched roof and is separately metered for gas and electricity, helping to minimize expenses. Future property expenditures are reduced since the property is not on the LADBS Seismic Retrofit List and will not require potentially costly repairs (Buyer to verify). The property allows tenants extremely convenient access to the 10 Freeway via the La Brea Avenue onramp while offering the owner excellent street visibility along such a major thoroughfare. Through early 2019, rents in the Los Angeles area have increased by 6.1%, continuing a long-term trend of improving multifamily income. Vacancy remains among the lowest levels in the United States, at 3.9% in early 2019.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $850.00 | 400 |
| 1+1 | 5 | $1,168 | 625 |
| 2+1 | 2 | $1,305 | 800 |
Property Taxes
| Parcel Number | 5067-005-029 | Improvements Assessment | $153,688 |
| Land Assessment | $207,481 | Total Assessment | $361,169 |
Property Taxes
Parcel Number
5067-005-029
Land Assessment
$207,481
Improvements Assessment
$153,688
Total Assessment
$361,169
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