Investment Overview

1666 Federal Avenue is an 18-unit multifamily property located in the prestigious West Los Angeles submarket, offered for sale by the family of the original developer, marking it as a rare generational asset. Built in 1964, this offering presents a compelling investment opportunity due to its size, location, and value-add potential. The unit mix—eight 2-bedroom/2-bathroom units, eight 1-bedroom/1-bathroom units, and two studios—caters to a diverse tenant demographic, including young professionals, students, and small families, ensuring consistent occupancy in a high-demand rental market. The property’s 22 parking spaces (6 tandem and 10 single) are a significant advantage in parking-scarce West LA, enhancing tenant appeal and retention. The property offers tremendous value-add potential through targeted renovations, such as updating kitchens, bathrooms, or common areas, to maximize allowable rent increases and boost property value.