CBRE, Inc. is proud to exclusively present 2025 & 2029 Garth Avenue, a twelve-unit multifamily portfolio located within the neighborhood of Crestview, City of Los Angeles. Situated south of Pico Boulevard, between Robertson Boulevard and La Cienega Boulevard, and north of the Santa Monica (I-10) Freeway, 2025 & 2029 Garth Avenue offers an investor the rare opportunity to own an excellent piece of real estate in one of the most sought-after residential submarkets on the Westside of Los Angeles.
2025 & 2029 Garth Avenue consists of two adjacent multifamily buildings constructed in 1960 and 1962, situated on two contiguous parcels totaling ±12,598 square feet, with a combined building size of ±12,777 square feet across a total of twelve units. Offering the two properties together provides a buyer with side-by-side ownership, shared operational efficiencies, and meaningful scale in a neighborhood where assets of this size are rarely available. The well-maintained buildings are separately metered for gas and electric, serviced by a central water heater, and offer on-site parking.
2025 & 2029 Garth Avenue boasts an increasingly rare unit mix of ten three bedroom units and two studio units, with the improvements averaging well over 1,000 square feet per unit. Large three-bedroom floor plans of this kind are in exceedingly short supply across the Westside, and they consistently attract longer-tenured residents, command a premium on a per-unit basis, and insulate ownership from the turnover pressure typically associated with smaller studio and one-bedroom product.
While current ownership has diligently maintained both properties, many of the tenants are stable long-term residents and current rents are below market. A new owner is able to bring rents to market with minimal capital expenditure upon natural vacancy, and to further push rents through complete unit renovations, creating a clear and executable path to substantial income growth over the hold period.