$2,000,000
-$200,0001649 S La Brea, Los Angeles CA 90019
Multi-Family (11 Units)
Property type
106 days
On market
$293
Price per sqft
9 cars
Garage
1963
Year built
7,003 sqft
Lot size
Open Houses
Overview
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...
Listing provided by: Everett Wong DRE #01991247 310-439-5790, Greysteel California, Inc.
Listing updated: Apr 14, 2026 at 04:49pm.
Last checked: Jun 4, 2026 at 10:01pm
Source: CRMLS #PW26037363
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 2 | 1 | — | $2,259 | $2,259 | $2,650 | Unfurnished |
| 1 | 1 | 1 | — | $1,092 | $1,092 | $1,850 | Unfurnished |
| 1 | 1 | 1 | — | $1,355 | $1,355 | $1,850 | Unfurnished |
| 1 | 1 | 1 | — | $1,750 | $1,750 | $1,850 | Unfurnished |
| 1 | 1 | 1 | — | $1,594 | $1,594 | $1,850 | Unfurnished |
| 1 | 1 | 1 | — | $1,309 | $1,309 | $1,850 | Unfurnished |
| 1 | 2 | 1 | — | $0 | $0 | $2,650 | Unfurnished |
| 1 | 1 | 1 | — | $1,800 | $1,800 | $1,850 | Unfurnished |
| 1 | 0 | 1 | — | $1,500 | $1,500 | $1,600 | Unfurnished |
| 1 | 0 | 1 | — | $0 | $0 | $1,600 | Unfurnished |
| 1 | 2 | 0 | — | $1,790 | $1,790 | $3,250 | Unfurnished |
# of Buildings: 1
# of Units Total: 11
Separate Electric Meters: 12
Separate Gas Meters: 10
Separate Water Meters: 1
Rent Control: Yes
Financial Snapshot
Gross Rent Multiplier
8.9x
List Price / Annual Gross Rent
Cap Rate
6.5%
NOI / List Price
Gross Scheduled Income: $224,388
Operating Expense: $86,363
Net Operating Income: $129,949
Annual Operating Expenses
Electric: $0
Fuel: $0
Insurance: $0
New Taxes: $0
Professional Management: $0
Trash: $0
Water / Sewer: $0
Interior
Laundry: Common Area
Entry Location: Ground
Exterior
Property Attached: No
Stories Total: 2
Common Walls: No Common Walls
Lot Features: Zero To One Unit Acre
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Parking: Covered
Garage Spaces: 9
Parking Total: 9
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 5067005030
Additional Parcels: No
Tax Lot: 12
Tax Block: 10
Community
Senior Community: No
Community Features: Urban
Nearby Schools
Nearby schools around the 1649 S La Brea, Los Angeles, CA 90019. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$1,600,000
Total Interest
$2,040,712
Total Payment
$3,640,712
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$12,346
per month
Property History for 1649 S La Brea
Los Angeles Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90019.
Similar Homes
Listings with similar prices to 1649 S La Brea