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Pico-Robertson Multifamily Investment Opportunity

1448 Stearns, Los Angeles, CA 90035

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Picture of Apartment buildings at 1448 Stearns, Los Angeles, CA

For Sale

Under Contract

$1,900,000

Apartment - Los Angeles, CA

Type:Apartment

Property size:

6,710 SF

Lot size:

6,451.00 Acres

Price / SF:

$283/SF

HighLights

Value‑add opportunity: Below‑market rents and month‑to‑month leases offer immediate potential for rent increases and income growth through renovations and turnover.
Prime location: Situated in the highly desirable Pico‑Robertson neighborhood, with excellent walkability to Pico Boulevard's retail corridor, The Grove, Beverly Center, and LACMA, plus easy access to the 10 Freeway.
Strong in‑place cash flow: The property is 100% occupied and delivers strong in‑place cash flow with attractive pro forma potential.
Rare amenity: Each unit includes one dedicated, underground parking space, a valuable feature in this parking‑constrained area.
Seismic Retrofitting: Seismic retrofitting has been completed in compliance with Los Angeles’ soft‑story ordinance, providing added investor security.
Updated interiors: Select units feature updated interiors, including new flooring and recently replaced air conditioner/heater combos.

We can help!

Listing Contact

Tom Aragone

For Sale

Under Contract

$1,900,000

Apartment - Los Angeles, CA

Type:Apartment

Property size:

6,710 SF

Lot size:

6,451.00 Acres

Price / SF:

$283/SF

Added:: Jan 12, 2026
Days on Market:: 148
Last Refresh:: Jun 9 at 9:06 am

Property Features for 1448 Stearns

General Information

Property type: Residential Multi Family
Property subtype: Apartment
Bedrooms: 10
Rooms: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
Parking: 8
Parking features: Covered
Exterior features: Community Features Included: Street Lights, Sidewalks, 6-10 Units/Acre
Standard status: Active Under Contract
APN: 5068012010
Size: 6,710 SF
Lot size: 6,451.00 Acres

Utilities

Cooling system: Multi Units, Wall/Window Unit(s), Window Unit(s)

Building Details

Year built: 1966
Floors in Building: 2
Number of units: 8
Architectural style: Other

We can help!

Listing Contact

Tom Aragone

Listing agent Tom Aragone License #02046483

Listing office First Team Real Estate 4 Corporate Plaza No. 100, Newport Beach, CA

Listing date Jan 12, 2026

MLS# OC26005903 Listing URL

Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

HighLights

Value‑add opportunity: Below‑market rents and month‑to‑month leases offer immediate potential for rent increases and income growth through renovations and turnover.
Prime location: Situated in the highly desirable Pico‑Robertson neighborhood, with excellent walkability to Pico Boulevard's retail corridor, The Grove, Beverly Center, and LACMA, plus easy access to the 10 Freeway.
Strong in‑place cash flow: The property is 100% occupied and delivers strong in‑place cash flow with attractive pro forma potential.
Rare amenity: Each unit includes one dedicated, underground parking space, a valuable feature in this parking‑constrained area.
Seismic Retrofitting: Seismic retrofitting has been completed in compliance with Los Angeles’ soft‑story ordinance, providing added investor security.
Updated interiors: Select units feature updated interiors, including new flooring and recently replaced air conditioner/heater combos.

Overview

Located in the Pico-Robertson neighborhood of Los Angeles, this well-maintained 8-unit apartment building was built in 1966. The property features approximately 6,710 rentable square feet on a 6,449 square foot lot, zoned LAR1. The unit mix includes one studio (560 SF), four one-bedroom/one-bath units (670–740 SF), and three two-bedroom/two-bath units (900–1,040 SF). Select units have updated interiors, including new flooring in Units 5 and 8. Wall-mounted air conditioner/heater combos were recently replaced and are scheduled for early 2025. Each unit includes one dedicated, underground parking space. Seismic retrofitting has been completed in compliance with Los Angeles’ soft-story ordinance. Electricity and gas are separately metered and tenant-responsible. The owner covers water and building gas for hot water. A former laundry room space in the underground parking area offers the potential to reinstate on-site laundry facilities. The property is currently 100% occupied with mostly long-term tenants and operates under the Los Angeles Rent Stabilization Ordinance (RSO). Only one unit is on a fixed- term lease (through March 2026), with the remaining seven on month-to-month agreements. The property is located moments from Pico Boulevard’s retail corridor and residents enjoy walkability to The Grove (1 mile), Beverly Center, and LACMA, as well as access to the 10 Freeway and public transit. This asset delivers cash flow with pro forma potential and is ideal for exchanges, value-add investors, or owner-users.

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

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Local Demand

City: Los Angeles
County: Los Angeles
State: California
Longitude: -118.37135
Latitude: 34.05079

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For sale
Apartment buildings
CA
Los Angeles
90035
1448 Stearns

What type of property is this?

Apartment building - Well-maintained 8-unit apartment building in prime Los Angeles location.

Where is this apartment building located?

The property is located at 1448 Stearns Los Angeles, CA.

What is the asking price?

The asking price for this property is $1,900,000.

What are key features of this property?

This property features: Value‑add opportunity: Below‑market rents and month‑to‑month leases offer immediate potential for rent increases and income growth through renovations and turnover.; Prime location: Situated in the highly desirable Pico‑Robertson neighborhood, with excellent walkability to Pico Boulevard's retail corridor, The Grove, Beverly Center, and LACMA, plus easy access to the 10 Freeway.; Strong in‑place cash flow: The property is 100% occupied and delivers strong in‑place cash flow with attractive pro forma potential.

1448 Stearns, Los Angeles, CA 90035

Apartment - Los Angeles, CA

Property Features for 1448 Stearns

General Information

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Los Angeles Commercial Investment Opportunity

Prime Automotive Land in Los Angeles

Los Angeles Retail Opportunity

Los Angeles Industrial Owner-User Opportunity

Highland Park Multifamily Value-Add Opportunity

Four-Unit Residential Income Property

Adjacent 11-Unit Residential Income Properties

Apartment Income Property with Covered Parking

East LA Commercial Investment Opportunity

Modern Multifamily Community in Los Angeles

Mid-City Multifamily Investment Opportunity

Boyle Heights Four-Unit Income Property

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