Jonathan Rawson

Los Angeles CA Residential Income for Sale

Charming 4 plex on corner lot in Leimert Park. Units are large with many original features. Good upside in rent. Great location within walking distance of Kaiser Permanante, light rail station, and Baldwin Hills Crenshaw Plaza

Los Angeles CA Residential Income for Sale

This is a perfect property for an owner user or investor. This is an ideal Triplex with each unit having 2 bedrooms and one bath. There are two separate buildings. One with 2 units (863 & 865 W 43RD Pl) and the third unit ( 867 W 43rd Pl) being in a separate building with no common walls. Unit 867 is vacant, perfect for an owner-user to live in and collect rents from the other units, or ready to rent out to compliment income as an investment. Located a block away from a shopping center with stores, a market, and laundromat. With interest rates so low, now is the time to acquire this prime investment. Occupied units only shown with an accepted offer. No entry without a Corona Virus document ( PEAD) signed by all and sent to listing agent!

Van Nuys CA Residential Income for Sale

10+1 units. Pride of ownership - turn key opportunity. Long term residents, mostly veterans. 100% collections through pandemic, per seller. Soft story retrofit completed, Certificate of Compliance received. 10 legal units. Eleventh unit could be ADU with City approval. Architectural renderings complete. Non-smoking building, rents due for increase. walk score of 75 - very Walkable. Building part of Area Lighting Program. Some Type L copper plumbing - Laterals. Section 8 residents except units 8 and 11. 10 units Vintage Western Holly Stoves.

Los Angeles CA Residential Income for Sale

2006 S Harcourt Ave is a professionally managed 4plex in the rapidly improving Mid City neighborhood! It is just a half of a block away from the Nate Holden Performing Arts Center, which is a cultural and entertainment destination. Additionally, it's less than 1 mile from the Mid-Town Crossing Shopping Center and the new Target and Sprouts Farmers Market Center. The unit mix is (2) 3 Bed/1 Bath & (2) 3 Bed/2 Bath units. 2 of the 4 units were completely remodeled in 2019 which included adding an extra bathroom which was done by permits. This is a great road map for the new owner to do the same to the 3 Bed/1 Bath units (the 2 non-rehabbed units) and increase their cash flow by $3,052 a month & $36,624 a year. In addition to the two remodeled units, the building got a brand new foundation put in place in 2018, all new copper plumbing (horizontals), and all new electrical service & sub-panels. We have complete records of the recent renovations and bathroom additions of the 2 units. All of the vendor contracts and invoices will be delivered to Buyer which will facilitate the process of updating the 2 non-rehabbed units and save time and money for the new owner. One unit may be delivered vacant which opens the door for an owner-user to live in one unit and rent the others! 5 on-site parking spaces, and no EQ seismic retrofit is required on this property!

Los Angeles CA Residential Income for Sale

ALL 3 UNITS TO BE DELIVERED VACANT! 1609 Vineyard Avenue provides the unique opportunity for an investor or developer/contractor to provide luxury housing to the rising demand in red-hot Mid City! Buyer can utilize their vision for the property with all 3 units being delivered vacant. Located right at the corner of Venice Blvd & Vineyard Avenue, 1609 Vineyard Avenue sits roughly 750-1,000 feet away from The Midtown Crossing Shopping Center. Midtown Crossing is the home to many anchor tenants such as Starbucks, Lowes, Wells Fargo, Chase Bank, Planet Fitness, Bank of America, Pet Smart, Living Spaces, CVS Pharmacy, Ralphs and many more! Across the street from Midtown Crossing is the recently built Sprouts Farmers Market & Target. Within driving 5-10 minutes driving distance is the almost finished Cumulus Development Project in West Adams, Kaiser Permanente West LA, Miracle Mile, Park La Brea, Culver City Arts District & The Beverly Center. Tenants can feel safe & secure knowing that the LAPD Wilshire Station is approximate 0.5 miles from the property, and LAFD Station 68 is approximately 1 mile away. Sitting on a 7,500 SF lot zoned LARD 1.5, the next owner can build up to 5 luxury units/townhomes by right (Buyer to verify). The front house is 3 Bed/2 Bath, the middle house is a Studio, and the back house is 1 Bed/1 Bath

Los Angeles CA Residential Income for Sale

Brand new 4plex in West Adams at 2414 Clyde Avenue, 90016. Originally built in 1964, all 4 units have been completely remodeled with brand new copper plumbing, HVAC, flooring, countertops, kitchens, bathrooms, washer & dryers, appliances, cabinets, etc. The exterior underwent a full rehab as well with a new roof, new asphalt/driveway, gated entry, drought-tolerant landscaping and exterior lighting. Electrical sub-panels are also new. Currently grossing $97,908 a year in rents, Buyer will be sitting on a 5% cap rate on day 1 of ownership. Each unit is on RUBS, which means tenants pay for all utilities and the Landlord only pays for exterior and common area utilities. Per the tenants leases, next year, the rents will jump from $97,908 to $105,240 and the cap rate will go from 5% to 5.50%. The subject property is located in a 1-1.5 mile radius from the Culver City Arts District, Kaiser Permanente West LA, the new Cumulus Development Project & the La Cienega/Jefferson Metro Station.

Los Angeles CA Residential Income for Sale

An opportunity to acquire 8 units, 7 2 Bedrooms and 1 single. Entire building was re piped recently. All earthquake retrofit has been completed. Tremendous upside potential. 3 units have been gutted and are being rented at Market rate. Location is surrounded by smaller developments and USC Housing. Showing with accepted offer. Do Not Disturb Tenants. Excellent for a 1031 Exchange Buyer!

Los Angeles CA Residential Income for Sale

This brilliant 4-Plex in Palms offers 50% upside in rents in an irreplaceable location. Transit development & amenities in Palms/Culver City surrounds the property including The Palms Expo Station, Culver Steps Development Project, Sony Studios, NFL Network Headquarters, and many Culver City restaurants. Despite the nearby attractions, it's nestled on a quiet street with mostly single family homes. The (4) 2 Bed/1 Bath units are large and bright, and each units has its own tandem parking space for 2 cars. The well-kept building has all-copper plumbing throughout, new sewer/waste lines (2021), brand new sliding windows, all new electrical panels & main service, and new A/C in each unit. The recently renovated laundry room was just equipped with new W/D owned by the Seller (no laundry contract) which provides monthly laundry income. The entire foundation has been bolted/braced for earthquake retrofitting making this property safe and efficient to operate for the future. Additionally, the Sellers recently termite tented the entire building. Its offered for the first time in over 10+ years, and at a $421 Price Per SF, it represents a real value that won't be available for long.

Los Angeles CA Residential Income for Sale

Great cash flow opportunity in South LA to take advantage of these historically low interest rates & high LTV's. 8102-8104 Compton Ave is a 12 unit apartment complex with (2) side by side identical 6 unit properties/parcels being sold together. Built in 1956, all 12 units are 2 Bedroom/1 Bath (24 beds & 12 baths total), and the units have been recently upgraded including copper plumbing throughout & new vinyl windows. This easy to manage building has low operating costs as it's separately metered for gas & electricity, and trash is included in the annual property taxes (Garbage Disposal District). This property is subject to LA County regulations and not LA City, therefore, it is subject to CA State Rent Control (AB 1482) of 8% annual rent increases, instead of LA City's 4% (Buyer to verify), which will help the next owner capture the rental upside quicker. Tenants enjoy the benefit of on-site parking spaces, along with the entire perimeter being gated for secured entry for safety. Additionally, it is located directly next door to LAFD Station #16. Currently grossing $200,800 per year in rents, the property features a legitimate in-place 5.20% cap rate with an additional 35%+ rental upside remaining for the next owner. This property is transit oriented as it's a quick walk and 1/2 mile away from the Firestone/Graham Metro Station. Conveniently located in the middle of the 110, 105, 710 & 10 freeways, tenants can enjoy the perks of the resurged Downtown LA & Exposition Park districts. Run your numbers on this property and you will be ecstatic about acquiring this opportunity!

Inglewood CA Residential Income for Sale

Great investment opportunity in Inglewood. These 12 units are just 1 1/2 blocks from SOFI Stadium. The property sits on a large 14,629 square-foot lot. It consists of 8 individual 1 bedroom, 1 bathroom units and the rear structure has 2 1+1 units and 2 studio units. All of the 10 1+1 units have laundry hookups. There are 9 garages. 2 units will be delivered vacant. This is a great property with lots of upside and a great lot for development as it is zoned R-3. Each unit has its own gas and electric meters.

Los Angeles CA Residential Income for Sale

CALL FOR OFFERS! LARGE PRICE REDUCTION! Stunning late 1930's architecture with 12 existing units + RTI's and approved plans from the city to immediately begin building (2) 3 Bed/2 Bath ADU's in the back above the garages to make it 14 units, which will allow the Buyer to capture immediate rental upside. Once completed, the ADU's will take the unit count to 14, add more rentable square footage to the property, and generate substantial additional cash flow. In-place 13.99 GRM & 4.55% cap rate at current rents (as-is with no ADU's), and an 8 GRM & 9.00% cap rate at stabilized rents. Approximately 35% rental upside excluding ADU additions, and roughly 80% rental upside when including the ADU additions. The building sits on a large lot, and has a great in-place unit mix with (5) 1 Bed/1 Bath, (4) 2 Bed/1 Bath, (2) 3 Bed/1 Bath and (1) 3 Bed/2 Bath units. Tenants enjoy the perks of a doorbird entry system for secure entry & tenant safety, and 12 on-site & gated parking spaces in the back. On-site laundry room for tenant convenience and additional monthly income. The property is located in the sought-after Adams Corridor with easy access to all of the recent retail & restaurant developments. Tenants can enjoy being blocks away to eat at the new popular restaurants in West Adams, such as: Johnny's Pastrami, Tartine West Adams, Cento Pasta Bar, MIAN West Adams, and much more! This location is a minute drive away to the nearest entrance/exit for the 10 Freeway, and 1 mile from the Expo/Crenshaw Station, which allows tenants quick & easy access to get around while being centrally located in the heart of Los Angeles! The Expo/Crenshaw Station now allows riders to get to LAX on the newly built K Line! Close proximity to the recently built Cumulus District, USC, and Exposition Park (George Lucas Museum, LA Coliseum, BMO Stadium, LA Science Center, Natural History Museum), Crypto.com Arena and LA Live!

Los Angeles CA Residential Income for Sale

4 Unit Building in the heart of Koreatown, walking distance from parks, cafes, restaurants and minutes from freeways. Built in 1921. Each unit has 1 bedroom and 1 bathroom with similar square footage. The property is being sold by the successor trustee of a living trust. 1 unit will be occupied with tenant on a month-to-month lease with rent at $1000. Income and expenses have not been itemized as future income and expenses will depend on the choices make buy any buyer regarding renovations/rents/etc. Property is being sold "As Is" so buyer and their agent(s) are being advised to do the proper research to determine if this is the property for you. Great opportunity for an investor to renovate and reposition a 1920s classic apartment building.

Los Angeles CA Residential Income for Sale

PRICE REDUCTION & MOTIVATED SELLER! BRING ALL OFFERS! Stunning late 1930's architecture with 12 existing units + RTI's and approved plans from the city to immediately begin building (2) 3 Bed/2 Bath ADU's in the back above the garages to make it 14 units, which will allow the Buyer to capture immediate rental upside. Once completed, the ADU's will take the unit count to 14, add more rentable square footage to the property, and generate substantial additional cash flow. In-place 13.64 GRM & 4.71% cap rate at current rents (as-is with no ADU's), and a 7.96 GRM & 9.28% cap rate at stabilized rents. Approximately 35% rental upside excluding ADU additions, and roughly 80% rental upside when including the ADU additions. The building sits on a large lot, and has a great in-place unit mix with (5) 1 Bed/1 Bath, (4) 2 Bed/1 Bath, (2) 3 Bed/1 Bath and (1) 3 Bed/2 Bath units. Tenants enjoy the perks of a doorbird entry system for secure entry & tenant safety, and 12 on-site & gated parking spaces in the back. On-site laundry room for tenant convenience and additional monthly income. The property is located in the sought-after Adams Corridor with easy access to all of the recent retail & restaurant developments. Tenants can enjoy being blocks away to eat at the new popular restaurants in West Adams, such as: Johnny's Pastrami, Tartine West Adams, Cento Pasta Bar, MIAN West Adams, and much more! This location is a minute drive away to the nearest entrance/exit for the 10 Freeway, and 1 mile from the Expo/Crenshaw Station, which allows tenants quick & easy access to get around while being centrally located in the heart of Los Angeles! The Expo/Crenshaw Station now allows riders to get to LAX on the newly built K Line! Close proximity to the recently built Cumulus District, USC, and Exposition Park (George Lucas Museum, LA Coliseum, BMO Stadium, LA Science Center, Natural History Museum), Crypto.com Arena and LA Live!

Los Angeles CA Residential Income for Sale

11 units in the heart of prime West LA, and just adjacent to Sawtelle District, Brentwood and Westwood. With a brand-new electrical service, EQ retrofit completed, copper plumbing throughout, and the roof & sewer in great condition, this will be an easy to manage property to keep in a portfolio for many years. 5 of the 11 units have been remodeled and are getting market rents, and 2 of the remodeled units are brand new construction (ADU conversions). The 6 non-remodeled units account for approximately 140% future rental upside for the next owner to achieve. Professionally managed asset with great in-place rents and low expenses, and separate meters for gas & electricity. The property has a high walk score of an 89 as tenants can enjoy walking to all of the great bars, restaurants and stores on Wilshire/Brentwood and Sawtelle District, along with a quick walk to the Expo Line. With some of the largest Silicon Beach HQ's & Employer's being walking distance, along with an average household income of $121,179 -- this property will always attract well-qualified tenants in an always high-in-demand rental location. Plenty of on-site private/assigned parking, and an on-site communal laundry room for tenants to enjoy and bring in additional income. 3 units have their own in-unit washer & dryer. The lot is zoned LAR3 for future lot value & usage. Quick and easy access to the 405 Fwy entrance/exit, and a quick drive to UCLA. Diverse unit mix of (3) 2 Bed/1 Bath, (1) 2 Bed/1.5 Bath, (4) 1 Bed/1 Bath, (1) Studio and (2) Bachelors.

Los Angeles CA Residential Income for Sale

3807-3815 W Adams Blvd is one of the most unique available properties that's currently on the market and will serve great for a 1031 Exchange Buyer, or for someone to add a great generational asset to their portfolio in highly sought after West Adams. 12 existing units on a large 12,992 SF lot & desirably zoned LAR3 for future lot value. There are in-place RTI's and approved plans from the city to immediately begin building (2) 3 Bed/2 Bath ADU's in the back above the garages to make the property 14 units, add additional RSF, and will allow the Buyer to immediately capture rental upside and add significant cash flow. There is great construction/bridge financing available to help execute this vision & upside with I/O monthly payments and light pre-pay. The building has stunning 1930's architecture & great curb appeal with large units & a top-heavy unit mix with all 1+1's, 2+1's, 3+1's and a 3+2, and NO Studios, Singles or Bachelors. Garage parking for 12 cars in the back which is a huge premium for tenants in a thinly parked neighborhood. Great in-place income metrics (no ADU's) with a 13.11 GRM and 5.20% cap rate on current rents, and a 7.96 GRM and 9.28% cap rate at stabilized rents. Approximately 40% rental upside excluding ADU additions, and roughly 80% rental upside when including the ADU additions. On-site laundry room for tenants to use and bring in monthly income. Tenants enjoy being in the heart of the West Adams Corridor with easy access to all of the recent retail, restaurant and mixed-use developments that has made this one of the most desirable pockets in LA. Great mobility being less than 1 block to/from the 10 Fwy entrance/exit, and less than 1 mile from the Expo/Crenshaw Metro Station which will allow riders to get to LAX on the newly built K Line. Close proximity to the recently built Cumulus Development, USC, Exposition Park (George Lucas Museum, LA Coliseum, BMO Stadium, LA Science Center, Natural History Museum), Crypto.com Arena, Nokia Theatre and LA Live! For a full copy of the OM, you can click here to access the Dropbox folder that contains it: https://www.dropbox.com/scl/fi/l12fdqjn9utan3gy3jp22/3807-3815-W-Adams-Blvd-OM.pdf?rlkey=is5iyypth32r9x9pc93fyafmo&dl=0

Los Angeles CA Residential Income for Sale

1861 W MLK is located in the heart of the highly sought after and thinly traded Leimert Park market. Offered at only $192,250 per door, and 2 units will be delivered vacant for the next owner to remodel to their standards & hand-pick their own tenants. 12.29 GRM on current rents with approximately 40% rental upside. This 1950's building has plenty of on-site & gated reserved parking for tenants, along with an on-site laundry room for tenants to use + bring in additional monthly income. Great mix of (11) 1+1's and (1) 2+1, and no Studios/Singles/Bachelors. Separately metered for gas & electricity. **This property is part of a 3-building portfolio with 211 E 55th Street (9 Units) and 709 E 49th Street (2 Units). All 3 can be bought together or separate.**

Los Angeles CA Residential Income for Sale

709 E 49th Street is a duplex in South LA with stunning architecture & curb appeal. Top heavy unit mix of a 3+1 front house, and a 2+1 in the back. Great opportunity for a first-time investor at a favorable $625k asking price. Currently grossing $42,936/year in income with approximately 30% rental upside, and low in-place expenses. Each unit pays for trash, is separately metered for both gas & electricity, and has their own water heater which makes this a low operating cost investment. This property is located on a safe & family friendly street across from an elementary school. Quick drive to all of the community attractions and developments at Exposition Park, USC and DTLA, and blocks away from the 10 Freeway entrance/exit for mobility.

Los Angeles CA Residential Income for Sale

211 E 55th Street is 9 units in South LA, and just a quick drive to all of the developments and community attractions at Exposition Park, USC and DTLA. Unit mix is (3) 2+1's, (4) 1+1's and (2) Singles. Large value add offering at only $132k per door, 11.87 GRM on current rents, and $256 per RSF. Substantial rental upside at 105%, conservatively, with a 5.82 GRM and 12.61% cap rate at stabilized rents. All units are separately metered for gas & electricity. Great opportunity for a long-term hold Buyer to capture upside and reposition the asset while getting in at a great pricing basis. Tenants enjoy easy access and mobility around LA by being blocks from the 110 Freeway entrance/exits. **This property is part of a 3-building portfolio with 1861 W MLK Jr Blvd (12 Units) and 709 E 49th Street (2 Units). All 3 can be bought together or separate.**

Los Angeles CA Residential Income for Sale

1984 Park Grove is located inside of the desirable USC Patrol Zone, where the university deploys a 24/7/365 security team for student safety. At list price, it is being offered at an attractive $192,115 price per unit and a 10.27 GRM and 5.71% cap rate on current rents, all while still having 45% rental upside for the next owner. Great sized units with some having beautifully exposed brick and unrestricted views of the Downtown LA skyline, and all units have full kitchens & bathrooms that are separate from the living areas. The units and building systems have undergone extensive capital improvements over the last 5 years. The property has an active and recently serviced fire sprinkler system for all units & levels + fire alarm system, and a burglar alarm system for secured entry and tenant safety. Large on-site laundry room for tenant convenience + additional monthly income. The bottom level has ADU conversion opportunities with in-place electrical & plumbing to convert into (3) ADU's which would turn the building into 29 units and add substantial monthly/annual income.

Los Angeles CA Residential Income for Sale

1984 Park Grove is located inside of the desirable USC Patrol Zone, where the university deploys a 24/7/365 security team for student safety. At list price, it is being offered at an attractive $192,115 price per unit and a 10.27 GRM and 5.71% cap rate on current rents, all while still having 45% rental upside for the next owner. Great sized units with some having beautifully exposed brick and unrestricted views of the Downtown LA skyline, and all units have full kitchens & bathrooms that are separate from the living areas. The units and building systems have undergone extensive capital improvements over the last 5 years. The property has an active and recently serviced fire sprinkler system for all units & levels + fire alarm system, and a burglar alarm system for secured entry and tenant safety. Large on-site laundry room for tenant convenience + additional monthly income. The bottom level has ADU conversion opportunities with in-place electrical & plumbing to convert into (3) ADU's which would turn the building into 29 units and add substantial monthly/annual income.

Los Angeles CA Residential Income for Sale

14 existing units in prime Mid City LA with RTI's and approved plans by the City of LA to begin building (2) ADU's in the back, (1) 3+1 & (1) 1+1, which would turn the building into 16 units and add substantial income all while still having plenty of on-site tenant parking spaces post-ADU completion. There is assumable financing available with the current lender with an interest rate in the high 3%'s to help weather the state of the current debt market. This 1960's construction building has all 2 Bed/1 Bath units and is offered at a low $242,143 per unit, with the opportunity to make it $211,875 per unit post-ADU completion. 11.13 GRM and 5.78% cap rate on current rents post-ADU completion, assuming all rents stay the same. The roofs were replaced in 2017, has copper plumbing, and the EQ retrofitting has been completed. There's 100% rental upside for the next owner to achieve, and approximately 65% rental upside after ADU's are completed and assuming all other rents stay the same. Separately metered for gas & electricity, brand new main hot water heater, and an on-site laundry room with brand new machines collecting monthly income.

Los Angeles CA Residential Income for Sale

Unique opportunity to buy a 4plex in the heart of West Adams with 2 units delivered vacant, and the other 2 remodeled and getting market rents. Perfect for an owner user to live in 1 and rent the other 3, or for an investor to remodel the 2 vacant units, rent at market, and cash flow with 4 units at market rate. All 4 units are 2 Bed/1 Bath and identical size/layout with 4 garages in the back -- 3 of which are vacant and can provide future income for the next owner. In place cap rate of 5.70% when the 2 vacant units are rented at market, and a 6.05% cap rate if garages are leased & rented. Located just 1 block away from the Expo / Crenshaw Station and LAX K-Line for tenants to have easy transportation access throughout the city. Low operating costs as the property is separately metered for gas & electricity, and tenants pay for trash.

Los Angeles CA Residential Income for Sale

TWO WEEK CALL FOR OFFERS! LARGE PRICE ADJUSTMENT WITH NEW & IMPROVED METRICS! BRING ALL OFFERS! 26 units located in the heart of the USC Patrol Zone, which has campus security patrolling the neighborhood 24/7/365. Any students living in the USC Patrol Zone get free Uber's! Great price per door of $153K. In-place GRM of 8.22 with the upside to a 5.67 GRM, and an in-place cap rate of 8.02% with the upside to a 12.62% cap rate. Tenants can enjoy being 1 mile away from USC & Exposition Park and all of the attractions nearby like the new $1B George Lucas Museum, etc. Units are well sized with detached kitchens/bathrooms, with some having beautifully exposed brick and unrestricted views of the DTLA skyline. Majority of the units are on RUBS for utility reimbursements to help lower operating costs. There's a fire sprinkler system for all units and all hallways + common areas that was recently serviced, along with a fire alarm system, 24/7 security camera system and a burglar alarm system for secured entry & tenant safety. The electrical system has been updated and done with permits, in addition to extensive plumbing repairs, upgrades and re-piping. Exterior and common area improvements include new paint, window replacements, common area hallway flooring + stairs replacement, new washer & dryer machines (leased with WASH), water heaters, etc. ADU conversion potential on the bottom floor to convert 3 large vacant storage & office spaces into 3 ADU's/units (no in-place permits or RTI's), which would take the unit count to 29 and add substantial monthly/annual income. All 3 have plumbing & electrical in-place and ready to be converted!

Inglewood CA Home for Sale

Los Angeles CA Residential Income for Sale

LARGE PRICE REDUCTION! BRING ALL OFFERS! 14 existing units in prime Mid City LA with RTI's and approved plans by the City of LA to begin building (2) ADU's in the back, which would turn the building into 16 units and add substantial income, all while still having plenty of on-site tenant parking spaces post-ADU completion. This 1960's construction building has all 2 Bed/1 Bath units and is offered at a low $219,643 per unit, with the opportunity to make it $192,188 per unit post-ADU completion. In-place 12.4 GRM on current rents with the upside to a 6.35 GRM. The roof was replaced in 2017, has copper plumbing throughout, EQ retrofitting has been completed, brand new master water heater, and brand-new on-site laundry room for tenants. There's 100% rental upside for the next owner to achieve, and approximately 65% rental upside after ADU's are completed and assuming all other rents stay the same. There's everything to love about this prime and central Mid City location as it borders West Adams, Koreatown and Downtown Los Angeles and Pico Union.

Los Angeles CA Residential Income for Sale

This 2-unit fully occupied investment property has beautiful architecture, charm, and curb appeal and is located on a safe street across from an elementary school. 5.25% cap rate on current rents at asking price, and a below market $290k per unit and $298 per RSF. Great combination of in-place cash flow, along with value-add / rental upside potential for a first-time investor. Great mix of a detached front 3 Bed/1 Bath house, and a 2 Bed/1 Bath unit in the back, and on-site parking for both units. Low operating expenses as both units pay for gas, electricity and trash, and each have their own in-unit water heaters. Located exactly 2 miles away from Exposition Park as tenants get to enjoy close proximity to BMO Stadium, LA Coliseum, the new $1B George Lucas Museum, California Science Center and Natural History Museum. Both units will be delivered occupied at closing -- no vacancies.

Los Angeles CA Residential Income for Sale

LARGE PRICE REDUCTION & CALL FOR OFFERS! 14 existing units in prime Mid City LA with RTI's and approved plans by the City of LA to begin building (2) ADU's in the back, which would turn the building into 16 units and add substantial income, all while still having plenty of on-site tenant parking spaces post-ADU completion. This 1960's construction building has all 2 Bed/1 Bath units and is offered at a low $212,143 per unit, with the opportunity to make it $185k per unit post-ADU completion. In-place 11.99 GRM on current rents with the upside to a 6.13 GRM, and a 5.10% cap rate on T12 actual expenses. Both roofs were replaced in 2017, each unit has brand new electrical sub-panels, EQ seismic retrofit work has been completed, copper plumbing throughout, and brand-new laundry room with new owner-owned washer & dryer machines and new master water heaters. Some tenants are on RUBS for utility reimbursements to lower operating costs, and the building is separately metered for both gas & electricity. There's 95% rental upside for the next owner to achieve, and approximately 65% rental upside after ADU's are completed and assuming all other rents stay the same. There's everything to love about this prime and central Mid City location as it borders West Adams, Koreatown and Downtown Los Angeles and Pico Union, and is just blocks away from Country Club Park!

Los Angeles CA Residential Income for Sale

Professionally managed 11-unit trophy asset located in the heart of West LA, and just blocks away to Sawtelle District, Brentwood and Westwood. The building features a brand-new electrical service for the entire building, copper plumbing throughout, a newer roof, a routinely serviced sewer line that's in great condition, and the EQ retrofit work has been completed. With all of the improvements, this will be an easy to manage property to keep in a portfolio for many years as the area continues to appreciate and go up in value. Great combination of in-place rents plus upside as 5 of the 11 units have been remodeled and are getting market rents, and 2 of the remodeled units are brand new construction (ADU conversions). The 6 non-remodeled units account for approximately 140% future rental upside for the next owner to achieve. Enjoy low utility expenses as the property is separately metered for gas & electricity, and tenants are on RUBS for utility reimbursements for water, sewer and trash. The property has a high walk score of an 89 as tenants can enjoy walking to all of the great bars, restaurants and stores on Wilshire/Brentwood and Sawtelle District, along with a quick walk to the Metro Line. With some of the largest Silicon Beach HQ's & Employer's being walking distance, along with an average household income of $121,179 -- this property will always attract well-qualified tenants in an always high-in-demand rental location. 7 on-site private/assigned parking spaces, and an on-site communal laundry room for tenants to enjoy and bring in additional income. 3 units have their own in-unit washer & dryer. The lot is zoned LAR3 for future lot value & usage. Quick and easy access to the 405 Fwy entrance/exit, and a quick drive to UCLA. Diverse unit mix of (3) 2 Bed/1 Bath, (1) 2 Bed/1.5 Bath, (4) 1 Bed/1 Bath, (1) Studio and (2) Bachelors.

Los Angeles CA Residential Income for Sale

Bring all offers for this 12-unit gated courtyard styled apartment building with an assumable loan that is fixed at a 3.350% interest rate until May 2027! 411 Witmer Street is located in the thinly traded Westlake sub-market of LA. The property features an ideal unit mix of (2) 2 Bed/1 Bath & (10) 1 Bed/1 Bath units, and 12 on-site, gated, and reserved parking for each unit which is a huge premium for this neighborhood that lacks parking. Tenants have separate parking leases for their assigned parking spaces which brings in substantial additional monthly income. The property is being offered at an attractive 11.04x GRM and 6.11% cap rate on current rents and operating expenses. For tenant safety, conveniently located just 1 block from LAP Rampart Station, and 1/2 mile from LAFD Station 11. Tenants also enjoy being just a couple of blocks away (less than 1 mile) and walking distance to all of the amenities that Downtown LA has to offer such as Crypto.com Arena, LA Live, LA Convention Center, The Novo, Peacock Theatre, and tons of new restaurants and dining. This easy to manage asset was completely re-piped to new copper plumbing throughout, new sewer lines, a 30-year shingle roof, brand new noise canceling vinyl windows for all 12 units, a re-painted exterior, and the foundation was bolted & retrofitted. 4 of the 12 units were completely remodeled and are getting top of the market rent, with the other units leaving approximately 35% rental upside for the next owner to capture. With great in-place cash flow and a low fixed interest rate, this property will generate a strong Day 1 cash on cash return. The next owner will enjoy low operating expenses as some tenants are on RUBS for water & sewer utility reimbursements, all units are separately metered for gas & electricity, all tenants pay for trash, and all units have in-unit individual water heaters for no constantly rising common area gas bills. With a 12,100 SF lot zoned LAR3, land value will continue to increase for future usage. Can be bought together or separate with 4046 Nicolet Avenue.

Los Angeles CA Residential Income for Sale

Large price improvement! Bring all offers for this 8-unit gated apartment building with an assumable loan that is fixed at a 3.350% interest rate until May 2027! 4046 Nicolet Ave is located in the heart of Baldwin Village and features a strong unit mix of (7) 2 Bed/1 Bath & (1) 3 Bed/1 Bath units. The property enjoys a huge premium of having 9 on-site & gated parking for tenants in the back (7 singles & 1 tandem). At list price, the property is being offered at an attractive 11.04 GRM and 5.72% cap rate on current rents and operating expenses. In the last 20 years, the entire electrical system was replaced, the building was re-piped to copper plumbing throughout, and new windows were installed. In the last 2 years, the EQ retrofit work has been completed, a new roof was put on the building, and a brand new 100-gallon water heater & expansion tank were installed. Utility costs are low as most tenants are on RUBS for utility reimbursements, no on-site laundry room, and separately metered for gas & electricity. The next owner will enjoy the perks of having stable in-place cash flow with 25% rental upside, and a fixed low interest rate to generate great day 1 cash flow. Tenants enjoy being just 1 block away from Jim Gilliam Park. Zoned LAR3 will make lot value continue to be valuable for future usage. Can be bought together or separate with 411 Witmer Street.

Los Angeles CA Residential Income for Sale

7 units with an assumable loan that is fixed at a 3.150% interest rate until 2027, and part of a 3-building portfolio sale. 1630 S Gramercy Place is a 1980's construction asset that is NOT subject to LA City Rent Control. This 7-unit apartment building is in the middle of centrally located Arlington Heights and boasts a top-heavy unit mix with all 3 Bed/2 Bath units and has 14 on-site & reserved parking spaces for tenants (7 tandem). The property is being offered at an attractive 10.90 GRM and 6.00% cap rate on current rents and operating expenses. Each unit was remodeled and is getting top of the market rent that'll couple perfectly with a low 3.150% interest rate to generate a rare 8% cash on cash return on Day 1. All units have in-unit washer & dryers, and in-unit water heaters to help escape common area gas bills. Tenants are on RUBS for utility reimbursements for water, sewer & trash, and the building is separately metered for gas & electricity which keeps this building operating with low utility bills. Future land value will remain high at this property as time passes for it being located on a 10,710 SF lot that's zoned LAR3. With the remodeled units, this property will be an easy-to-manage asset to keep for generations with high cash flow, low maintenance & repairs, and minimal upkeep. Can be bought together or separate with 411 Witmer Street and 4046 Nicolet Ave.

Los Angeles CA Residential Income for Sale

HUGE PRICE IMPROVEMENT & PRICED TO SELL! Bring all offers! 14 existing units in prime Mid City LA, all 2 Bed/1 Bath with 14 on-site parking spaces, and being offered at a low $196k per door and $277 per foot! The property will be delivered with RTI's and approved plans by the City of LA to begin building (2) ADU's in the back, which would turn the building into 16 units and add substantial income, all while still having plenty of on-site tenant parking spaces post-ADU completion. Opportunity to make it $171k per door post-ADU completion. In place 11.06 GRM on current rents with the upside to a 5.54 GRM, and a 5.61% cap rate on current rents and T12 actual expenses, with the upside to a 13.84% cap rate. 8.83 GRM and 7.53% cap rate after ADU completion, assuming all other rents remain the same. Some highlighted features include brand new electrical subpanels in all units, both roofs were replaced in 2017 and done with permits, EQ seismic retrofit work has been completed, copper plumbing, brand-new laundry room with new owner-owned washer & dryer machines (NO leases), new master water heaters, and EQ shut off valves have been installed on the gas meters. Some tenants are on RUBS for utility reimbursements to lower operating costs, and the building is separately metered for both gas & electricity. There's 95% rental upside for the next owner to achieve, and approximately 65% rental upside after ADU's are completed and assuming all other rents stay the same. There's everything to love about this prime and central Mid City location as it borders West Adams, Koreatown and Downtown Los Angeles and Pico Union, and is just blocks away from Country Club Park!

Hawthorne CA Residential Income for Sale

Major price revision & updated lending packages! 5 unit apartment building in Hawthorne. Surging rental pocket commanding top rents. In Proximity To SpaceX, Major Local/National Employers, Common Space and Los Angeles Ale Works, & Several New and Exciting Commercial Development Projects. The property layout is (1) 2 bed/1 bath front attached house, (3) 1 bed/1 bath units, and (1) 2 bed/1 bath unit. 4 of 5 units have been nicely rehabbed. Newer roof and master water heater. Copper plumbing throughout. Upgraded electrical panels, new exterior lighting and seismic shut-off valves. Dedicated carport parking for each unit & laundry room. Strong day 1 cash flow with additional rental upside: 5.30% Cap Rate, 6.02% Proforma. Well located just east of Prairie between Jack Northrop Avenue & West El Segundo Boulevard. Access to the 105 and 405 Freeways.