Multi-Family for sale in Southern California — $2,599,000. 0 beds · 15 baths · 6,261 sqft. **PRICE REDUCTION - MOTIVATED SELLER** 1820 S. La Brea Avenue is a 6,261 square foot, fifteen-unit apartment building situated on a 5,802 square foot lot in Mid-City, just south of Venice Boulevard. The property offer…
$2,599,000
1820 S La Brea Avenue, Los Angeles, CA 90019
**PRICE REDUCTION - MOTIVATED SELLER** 1820 S. La Brea Avenue is a 6,261 square foot, fifteen-unit apartment building situated on a 5,802 square foot lot in Mid-City, just south of Venice Boulevard. The property offers immediate access to the I-10 Freeway and is centrally located near major Los Angeles employment hubs, retail corridors, dining, and entertainment.The building consists of fifteen studio units, thirteen of which have been recently renovated. Three units are in the process of being delivered vacant, providing additional flexibility for an investor. Nearly all tenants receive government-backed housing assistance, providing stable and reliable income. The property includes eight on-site parking spaces. Offered at a 7.92 GRM and 8.34% CAP rate, the asset provides strong in-place cash flow. Seismic retrofitting has been recently completed, minimizing near-term capital expenditure requirements.The property presents additional value-add potential, including a possible ADU opportunity and the potential for motel-use conversion (buyer to verify). This is a stabilized, income-generating asset located in a highly desirable rental submarket.
Listing updated: June 29, 2026 at 1:32 PM
Listed by: Yigal Fatirian, Lyon Stahl Investment Real Estate, Inc.
Source: CRMLS, MLS#: 26653223, Originating MLS: California Regional MLS
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| Date | Event | Price |
|---|---|---|
6/09/2026 Source: CRMLS, #26653223 | Price change | $2,599,000$415/sqft-3.7% |
| 2/17/2026Source: CRMLS, #26653223 | Listed for sale | $2,699,000$431/sqft |
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