2 Adjacent Parcels | ±58% Rental Upside 2015-2021 Chariton St 12 Unit Apartment Building $3,600,000 ($300,000/Unit) 5.16% Cap Rate Los Angeles, CA 90034

Lucrum Real Estate Group is pleased to present Crestview Residences, a well-maintained 12-unit multifamily investment opportunity located at 2015 & 2021 Chariton Street in the Beverlywood Vicinity of Los Angeles. Built in 1961, the offering consists of two adjacent six-unit apartment buildings situated on separate APNs, totaling approximately 12,680 square feet of building area across ±12,557 square feet of combined land.
Crestview Residences represents a compelling opportunity to acquire a pride-of-ownership multifamily asset with scale, strong physical presentation, and meaningful rental upside in a highly desirable Westside-adjacent pocket of Los Angeles. The property is anchored by a rare and highly attractive unit mix consisting of two studio/one-bath units and ten three-bedroom/two-bath units. This large-unit composition is a key differentiator, offering broad tenant appeal and long-term income durability in a market where spacious rental housing remains difficult to replicate.
The property offers an inviting garden-style setting with secured intercom entry, mature landscaping, a central water feature, and strong curb appeal. The buildings reflect mid-century architectural character, highlighted by decorative breeze-block accents and stone-façade detailing that contribute to the property’s distinctive visual identity. Select units include private patios or balconies, further enhancing the resident experience and the property’s competitive position within the surrounding Westside-adjacent rental market.
Ownership has completed several meaningful improvements that support both safety and long-term operational stability, including a completed soft-story seismic retrofit, gas shut-off valves on both buildings, and partial new vinyl windows. The property is separately metered for gas and electricity and includes two laundry rooms, five storage lockers, and gated parking. Together, these features create a stronger operating profile while preserving future upside through continued rent repositioning and operational refinement.
Crestview Residences offers an attractive balance of in-place income, physical quality, and future growth potential. The property benefits from approximately 58% rental upside based on existing rents, providing investors with a clear path to improved income performance over time. With its rare concentration of three-bedroom units, two-building configuration, separate APNs, secured access, and desirable Beverlywood Vicinity location, Crestview Residences is well-positioned for investors seeking a durable multifamily asset with both stability and value-add potential.
Unit Mix
(2) Studio + 1 Bath
(10) 3 Beds + 2 Baths
Crestview Residences is located in the highly desirable Beverlywood Vicinity of Los Angeles, a centrally positioned Westside residential pocket surrounded by some of the city’s most established and in-demand submarkets. The property sits near Beverlywood, Pico-Robertson, South Robertson, Culver City, Century City, and Palms, offering residents convenient access to a wide range of employment centers, lifestyle amenities, dining corridors, retail destinations, and transportation routes.
The Beverlywood Vicinity benefits from a strong renter-demand profile driven by its residential character, Westside adjacency, and proximity to major employment and lifestyle hubs. The area offers a quieter, established residential setting while remaining highly connected to Century City, Beverly Hills, Culver City, Westwood, Santa Monica, Miracle Mile, and Downtown Los Angeles. This location profile appeals to professionals and households seeking accessibility across multiple job centers while remaining within a well-established Los Angeles neighborhood.
The surrounding area is supported by prominent commercial corridors, neighborhood retail, grocery options, restaurants, parks, schools, and everyday services. Major nearby thoroughfares such as Robertson Boulevard, La Cienega Boulevard, Venice Boulevard, and Pico Boulevard provide convenient access to local amenities, while the 10 and 405 freeways enhance regional mobility throughout Los Angeles.
From an investment perspective, the Beverlywood Vicinity offers a strong combination of Westside accessibility, limited multifamily supply, established residential demand, and long-term rental stability. The area’s central positioning and high barriers to entry support continued tenant demand, while the property’s large-unit mix is particularly well-suited for renters seeking more space within a connected Westside Los Angeles location. These fundamentals position Crestview Residences as a highly attractive multifamily investment opportunity in a resilient and supply-constrained Los Angeles rental submarket.


Location Highlights:

+ Westside-adjacent Beverlywood Vicinity location with strong renter demand and limited multifamily supply

+ Convenient access to major employment hubs throughout Culver City, Century City, Beverly Hills, Westwood, Santa Monica, and Downtown Los Angeles

+ Close proximity to established retail, dining, grocery, entertainment, and neighborhood-serving amenities

+ Nearby access to Robertson Boulevard, La Cienega Boulevard, Venice Boulevard, and Pico Boulevard

+ Strong regional connectivity via the 10 and 405 freeways

+ Central Los Angeles location appealing to tenants seeking access, convenience, and residential neighborhood character

+ Large-unit rental profile aligns with tenant demand for more spacious housing in a connected urban location