2015 Chariton, Los Angeles, CA 90034

Property Description

Crestview Residences is a 12-unit garden-style multifamily property located at 2015 and 2021 Chariton Street in the Beverlywood Vicinity of Los Angeles. Built in 1961, the property comprises two adjacent six-unit buildings on separate APNs, totaling approximately 12,680 square feet of building area on approximately 12,557 square feet of combined land. The property features a distinctive unit mix of ten three-bedroom/two-bath residences and two studio/one-bath residences. Its concentration of spacious three-bedroom floor plans differentiates the asset from communities composed primarily of smaller units and may appeal to households seeking additional living space in a centrally located, Westside-adjacent neighborhood. The garden-style community features mature landscaping, a central water feature and mid-century architectural details. Select residences include private patios or balconies. Community amenities include controlled parking, two laundry rooms and five storage lockers. Ownership has completed several important building improvements, including a soft-story seismic retrofit, gas shut-off valves for both buildings and partial vinyl-window replacements. Gas and electricity are individually metered, supporting the property’s operating profile and providing a well-maintained foundation for continued ownership. Crestview Residences combines established income with long-term value-add potential supported by the difference between current and projected market rents. Its large-unit mix, garden-style setting and central location provide multiple avenues for income growth and long-term value creation. The property is situated near Beverlywood, Pico-Robertson, South Robertson, Culver City and Century City, placing residents near major employment centers, shopping, dining and entertainment destinations. Robertson, Pico, La Cienega and Venice boulevards connect the property with surrounding Westside neighborhoods. Interstate 10, Interstate 405, Metro bus service and the Metro E Line provide further regional connectivity.