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 12.93 GRM and 4.73% 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%).
Listed by Benjamin J. Hsiang
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License #01438644
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Realty Investment Advisors, Inc.
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424-377-6001
Listed by Don Favia
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License #01841258
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Realty Investment Advisors, Inc.
Last updated September 09, 2025
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Source: CRMLS #25589541
Listing Facts
TypeMulti-family
NeighborhoodSawtelle
Bedrooms16
Days on Prevu1
Size9,381 sqft
Price per sqft$496
Amenities
Air Conditioning
Parking
Location
Mortgage Calculator
Listing History
09/09/2025
Listed by Realty Investment Advisors, Inc.
$4,650,000
Property Details for 1315 S Carmelina Avenue
Association
Amenities
Community Features: Gated
Exterior
Construction
Number Of Units Total: 8
Property Attached: Yes
Stories Total: 3
Year Built: 1989
Common Walls: 1 Common Wall
Measurements
Building Area Total: 9,381
Lot Size Acres: 0.16
Lot Size Area: 7,360
Lot Size Source: Assessor
Lot Size Square Feet: 7,360
Lot Size Units: Square Feet
Financial
Residential Income
Cap Rate: 4.73
Gross Income: $359,640.00
Taxes
Parcel Number: 4267034010
Interior
Measurements
Living Area: 9,381
Rooms
Bathrooms Total Integer: 16
Bedrooms Total: 16
Parking
Parking
Parking Features: Gated
Parking Total: 16
Utilities
Equipment
Cooling: Central Air
Has Cooling: Yes
Heating: Central
Has Heating: Yes
Laundry Features: Stacked
Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.