1683 S Longwood Ave, Los Angeles, CA 90019

Longwood Terrace Apartments is a 14-unit multifamily property originally constructed in approximately 1964. The unit mix includes approximately 13 two-bedroom/one-bath units and approximately 1 one-bedroom/one-bath unit, with an overall two-bedroom concentration of approximately 92.8%. The property totals approximately 10,501 square feet on an approximately 11,325 square foot LARD 1.5-zoned lot. On-site amenities include approximately 27 gated parking spaces and an on-site laundry facility.

The property is located at 1683 S. Longwood Avenue in the Mid-City/Mid-Wilshire adjacent submarket of Los Angeles. It is positioned near major transportation corridors including Pico Boulevard, Olympic Boulevard, La Brea Avenue, Venice Boulevard, and the nearby I-10 Freeway. The offering also notes proximity to major Los Angeles employment centers such as Downtown Los Angeles, Culver City, Koreatown, and the greater Westside.

This asset is being marketed as a value-add opportunity, with an approximate current 5.89% cap rate and projected rental upside of approximately 46%, along with stable in-place occupancy and room for growth through unit turnover, professional management, and targeted interior renovations over time. The offering further highlights potential seller financing terms, subject to seller approval and buyer qualification, as an option for qualified investors to structure an acquisition capital stack. With its unit mix, gated parking ratio, and on-site laundry, the property is designed to appeal to tenants who prioritize larger floorplans and convenient parking within a central Los Angeles rental corridor.