We are pleased to announce the successful sale of 1320 S. Carmelina Avenue, a well-located multifamily asset in the heart of the West Los Angeles submarket.
Favorable Metrics: All things considered, solid metrics were achieved for the Seller given today’s market dynamics. We were able to consummate the transaction at a 13.7x Gross Rent Multiplier (GRM) and a 4.0% capitalization rate – metrics which reflect the property’s desirable location and stability in a market characterized by volatile interest rates and tighter lending conditions.
Blue Chip West LA Location: Situated just south of Wilshire Boulevard and west of Bundy Drive, the property benefits from proximity to major employment centers, transit, shopping, and some of the Westside’s most attractive neighborhoods. West LA continues to command premium investor interest, and this sale underscores the confidence in the submarket’s long-term fundamentals.
Purchased for Long Term Appreciation: The Buyer—a private investor—was primarily focused on capital preservation and long-term appreciation, recognizing the enduring value of core Westside real estate. With limited supply, strong renter demand, this acquisition was a strategic move to anchor capital in a blue-chip location.
The Outcome: In today’s uncertain market, where many investors remain on the sidelines, this closing stands out as a compelling example of how well-located, income-producing real estate continues to trade when appropriately priced and professionally marketed.
The Final Deal Metrics
Below are the final deal metrics for 1320 S. Carmelina Avenue. Los Angeles, CA 90025:
- $2,650,000 Sale Price
- 9 Units
- $294,444 price per unit
- $385 per SF
- 13.7 GRM
- 4.0% cap rate
