1315 S Carmelina Ave

We are pleased to present 1315 S Carmelina Avenue, an opportunity to acquire a well-positioned eight-unit multifamily property in the highly sought-after West Los Angeles submarket.

Constructed in 1989, the property offers a blend of stable in-place income and long-term growth potential, with a current 12.85 GRM and 4.78% cap rate. Each of the eight residences features a spacious two-bedroom floor plan, with four units including lofts and private rooftop decks that enhance livability and tenant appeal. The building is thoughtfully designed with individual washer/dryer hookups, central air conditioning and heating, fireplaces, and oversized private balconies. In addition to secured entry and gated parking, residents also benefit from two parking spaces per unit. The property is not subject to City of Los Angeles rent control. Instead, it falls under the preferable AB1482 framework, which permits annual rent increases of 5% plus CPI (capped at 10%).

This home located at 1315 S Carmelina Ave is currently pending and has been available on pardeeproperties.com for 20 days. This property is listed at $4,650,000. It has 16 beds and 16 bathrooms. The property was built in 1989. 1315 S Carmelina Ave is in the West L.A. community of County.

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