About 1649 S La Brea
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 refreshes. 1649 S. La Brea is ideally located in the heart of Mid-City Los Angeles, one of the city’s most dynamic rental submarkets, the property benefits from strong tenant demand, central connectivity, and ongoing neighborhood revitalization. A highly diverse unit mix of Bachelor, 1- and 2-bedroom units appeals to a broad tenant base, supporting stable occupancy and leasing flexibility. Additionally, the property has completed the LA Seismic Retrofit Ordinance, with a Certificate of Compliance dated January 25, 2024. Contact Listing Agent for Offering Memorandum containing additional information.
Features of 1649 S La Brea
| MLS® # | PW26037363 |
|---|---|
| Price | $2,000,000 |
| Sold Price | $1,600,000 |
| Bedrooms | 12 |
| Bathrooms | 10.00 |
| Lot Sqft | 7,003 |
| Acres | 0.16 |
| Year Built | 1963 |
| Type | Residential Income |
| Sub-Type | Mixed Use |
| Status | Closed |
| # Of Units | 11 |
Community Information
| Address | 1649 S La Brea |
|---|---|
| Area | C16 - Mid Los Angeles |
| City | Los Angeles |
| County | Los Angeles |
| Zip Code | 90019 |
Amenities
| Parking Spaces | 9 |
|---|---|
| Parking | Covered |
| # of Garages | 9 |
| Garages | Covered |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Has Basement | No |
|---|---|
| Fireplace | No |
| # of Stories | 2 |
Exterior
| Lot Description | ZeroToOneUnitAcre |
|---|
Additional Information
| Date Listed | February 19th, 2026 |
|---|---|
| Date Sold | June 9th, 2026 |
| Days on Market | 48 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Everett Wong |
|---|---|
| Office | Greysteel California, Inc. |