Carmelina Apartments 1353 S Carmelina Ave Immeuble residentiel 45 lots 12 390 830 € (275 352 €/Lot) Taux de capitalisation 4,75 % Los Angeles, CA 90025

1353 Carmelina Avenue is a rare 45-unit multifamily property located in the heart of the affluent West Los Angeles submarket, presenting a generational investment opportunity as it is being sold by the family of the original developer.
Built in 1969, the property is comprised of nine 2-bedroom/2-bathroom units, thirty-two 1-bedroom/1-bathroom units, and four studios—catering to a broad tenant base, including young professionals, students, and small families, ensuring strong occupancy rates in a competitive rental market. Recent capital improvements, including a new roof and elevator machine upgrade, along with a completed earthquake retrofit, reduce immediate maintenance costs and enhance the property’s integrity and tenant
appeal. The property’s 59 parking spaces (16 tandem and 27 single) are a significant advantage in parking-scarce West LA, further boosting its attractiveness.
With its prime location and sizable unit count, the property offers tremendous value-add potential through strategic renovations, such as modernizing interiors to command premium rents. The West LA multifamily market remains highly desirable, with strong demand driven by proximity to major employment hubs like Century City (1.5 miles away) and UCLA (2 miles away), as well as limited inventory. This asset’s scale and location make it a compelling opportunity for investors seeking long-term appreciation and stable cash flow in one of Los Angeles’ most sought-after submarkets.