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$1,600,000
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Property Description
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.
Full Property Details
Full Property Details for 1649 S La Brea
General
- Sold For: $1,600,000
- Status: Closed
- Type: Multi-Family
- Source: MRMLS
- MLS ID: PW26037363
- Added to Site: 141 day(s) ago
Rooms
Other Rooms
- Laundry: Community
Additional Information
- Pool Description: None
Parking
- Garage Spaces: 9
- Parking Features: Covered
- Parking: Covered
Location
- Area: C16 - Mid Los Angeles
- County: Los Angeles
- Development Name: C16 - Mid Los Angeles
- Driving Directions: On La Brea. South of Venice Blvd.
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 10
- # Electric Meters: 12
Structural Information
- Entry Location: Ground
- Square Feet: 6,816
- Year Built: 1963
Unit Information
Unit 1
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 2
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 3
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 4
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 5
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 6
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 7
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 8
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 9
- Number of Units: 1
- Total Bathrooms: 1
Unit 10
- Total Bathrooms: 1
Unit 11
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 0.1608
- Lot Size Source: Assessor
- Lot Description: 0-1 Unit/Acre
Financial Considerations
- Price Per Sq. Ft.: $234.74
- Price Per Unit: 181818
Listed and Sold by Greysteel California, Inc., Everett Wong
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Schools
Schools serving 1649 S La Brea
School District:Los Angeles Unified School District
| Name | Grades | Distance |
|---|---|---|
Saturn Street Elementary School 5360 Saturn Street, Los Angeles, CA 90019 | K-5 | 0.6 mi |
Emerson Community Charter School 1650 Selby Avenue, Los Angeles, CA 90024 | 6-8 | 5.2 mi |
Los Angeles Senior High School 4650 West Olympic Boulevard, Los Angeles, CA 90019 | 9-12 | 1.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1649 S La Brea
Date
Details
Price
Change
Source
6/09/2026
Sold
$1,600,000
-20%
MLS
4/07/2026
Price Reduced
$2,000,000
-9.09%
MLS
2/19/2026
Listed
$2,200,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1649 S La Brea, Los Angeles, CA 90019 (MLS# PW26037363) is a Multi-Family property that was sold at $1,600,000 on June 09, 2026. Want to learn more about 1649 S La Brea? Do you have questions about finding other Multi-Family real estate for sale in Los Angeles? You can browse all Los Angeles real estate or contact a Coldwell Banker agent to request more information.

