1649 S La Brea, Los Angeles, California 90019, Los Angeles, 90019 - bed, bath
1649 S La Brea
Los Angeles, California 90019
Property Price
SUMMARY
Analysis of 1649 S La Brea, Los Angeles, California 90019 is currently available with a list price of $2,200,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1963, this multifamily asset is described as a 'value-add' opportunity requiring in-unit refreshes. While it benefits from a recent 2024 seismic retrofit, the kitchens, bathrooms, and flooring are dated and show signs of age consistent with a 60-year-old property that has not undergone a recent comprehensive renovation.
PROSSTRENGTHS & OPPORTUNITIES
- Significant Value-Add Potential
The property is delivered with two vacant units and features approximately 20% rental upside, providing an immediate opportunity to renovate and capture market-rate rents.
- Seismic Retrofit Compliance
The property has already completed the mandatory LA Seismic Retrofit Ordinance with a 2024 Certificate of Compliance, removing a major capital expenditure and regulatory burden for the buyer.
- Strategic Mid-City Location
Situated in a high-demand rental submarket with central connectivity and ongoing neighborhood revitalization, ensuring strong long-term tenant demand and asset appreciation.
CONSRISKS & DEFICIENCIES
- Immediate Capital Requirements
As a classic 1960s asset, the property requires immediate investment in unit refreshes and modernization to realize its full income potential and compete with newer inventory.
- Rent Control Constraints
Due to its 1963 construction, the property is subject to the Los Angeles Rent Stabilization Ordinance (RSO), which limits the pace at which market-rate rents can be achieved for occupied units.
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 9.8x 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-, 2-, and 3-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.
Property Details
Public Facts
- Property Type
- Mixed Use
- Year Built
- 1963
- Lot Size
- 7,003 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 6,816 | 6,816 | 50% |
| Lot Size | 7,003 | 7,089 | 33% |
| Price | $2.20M | $2.20M | 50% |
| Price per sq ft | $323 | $269 | 67% |
| Built year | 1963 | 1955 | 67% |
| HOA | $0 | $0 | 50% |
| Days on market | 15 | 184 | 33% |
Pricing History
Listed for Sale
Feb 19, 2026
$2,200,000
Initial Listing