Benjamin Lewin

Santa Monica CA Residential Income for Sale

1428 15th St is an eleven-unit three-story wood frame and stucco apartment building built in 1969.The unit mix consist of five one-bedroom one-bathroom units, four two bedroom one-bathroom units, and two two-bedroom two-bathroom units. Unit #201 is vacant and newly remodeled. All other units have been remodeled except units #303 and #304, allowing a new investor to increase rents in the future. Amenities include: renovated laundry room, twelve parking spaces, and solar assisted hot water heater. The plumbing has been updated with copper pipes and the earthquake retrofit has been completed. The building is in walking distance to UCLA Santa Monica Medical Center, as well as many local shops and eateries such as Truxton's American Bistro, Coffee Commissary, and Co-Op Market & Deli.

Los Angeles CA Residential Income for Sale

The Manning Ave apartments is as wood frame stucco 3-unit apartment building built in 1949. The property is located in Westwood, one block north of Santa Monica Blvd and directly east of the Mormon Temple. It is within walking distance to Fairburn Elementary School and Emerson Middle School. The unit mix consists of a one bedroom one bath unit. One two-bedroom one-bath unit and one two-bedroom one-and-a-half-bath unit. There is a two car garage with ample additional driveway parking. All units are separately metered for gas and electricity. All of the units are spacious and feel like they are single family residences. The building was built in 1949, the building is 2,742 square feet. The lot size is 6,463 square feet zoned LA-R3 with a TOC Tier 2 designation. Contact LA2 for more info.

Los Angeles CA Residential Income for Sale

The subject property is a two story wood frame and stucco five unit apartment building built in 1962. The property is located in the Mid City sub market of Los Angeles just south of Pico Blvd and seven blocks east of La Brea Ave. The unit mix consist of two three- bedroom two- bathroom units, one two-bedroom one and-one-half bathroom with den, and two two- bedroom one- bathroom units. The property has significant upside upon turnover of the units which are approximately36% below market rent. There may be a potential to add ADU or Unit Conversions - Buyer to Verify.

North Hollywood CA Residential Income for Sale

We are pleased to present this 12 unit offering located at 10617-10625 Oxnard St, North Hollywood, which is being offered for sale for the first time in nearly 40 years. Comprised of two identical 6 unit buildings on two separate APNs, the offering is ideally situated on a corner lot with an alley behind, giving access to this 0.45 acre double lot on three different streets. The property is located less than a mile from the famed NoHo Arts District, and it is just one block West of the Burbank city border at N Clybourn Avenue, allowing for quick access to great employment as well as entertainment, nightlife, shopping, and all NoHo Arts district and Burbank have to offer.These buildings are a combined 10,577 square feet, and all 12 units have 2 bedrooms and 1 bathroom which are approximately 880 square feet each. Each second level unit comes with a private balcony, and the ground floor units comes with a large 400sf private patio, making the ground floor just as desirable as the second level, if not more. Over the decades of ownership, the seller has meticulously maintained the property and consistently upgraded the buildings and units as they needed. Notably, the seller replaced all of the roofs and main sewer lines about 8 years ago and has upgraded the electrical systems on most of the units. These very desirable units demand great premiums in rent. For example, the seller just leased one of the 2 bed units in April 2022 for $2,250 which he regrets because he had a dozen other applicants come in that were willing to pay more. According to the seller, he left at least $100 of rent on the table for this unit, which also means a buyer can expect all of the other 2 bed units to rent for at least $2,350 when they become vacant, renovated, and re-leased. The property brings in a significant amount of additional income through garage rent and laundry income. There are 11 one-car garages on the property, and every one of them is leased out for $150 per month, which brings in a combined $1,650 per month, or $19,800 per year, of additional income. An important note about the garage leases is that they are not rent controlled. Therefore, you could raise those rents or evict those garage tenants as you wish. The onsite laundry room offers the tenants 5 washers and 2 dryers, all of which are owned by the seller, adding approximately $2,100 in annual income.Another bonus about this offering is that there are zero COVID rent delinquencies. All of the tenants have been paying rent through COVID, and there is not a single tenant behind on rent. Furthermore, there is no requirement for soft story retrofitting, which will save the buyer a large expense.This property is ideal for the value add buyer who wants to capitalize on more than 20% upside potential by getting rents to market over the coming years, while still being able to receive an estimated day-1 cash-on-cash return of more than 5%. Additionally, this property is ideal for adding units through the new ADU laws. We believe the cheapest and quickest ways to add units would be converting the laundry room and some of garages into ADUs. A buyer would be wise to get an ADU company to analyze this property in detail because we believe there could be hundreds of thousands of dollars in value in ADU conversions at this property.

Santa Monica CA Residential Income for Sale

649 Ocean Park Blvd is a seven-unit apartment building on the northwest corner of 7th Stand Ocean Park Blvd. The 5,262sf two-story building was built in 1957 with a wood frame and stucco construction. The property is on an oversized 8,081sf corner lot. This property features a courtyard-style layout with six of the seven units on one level, with no neighbors above them. The unit mix consists of four one-bedroom, one-bathroom, and three two-bedroom, one-bathroom units. Select unit(s) may feature peek-a-boo ocean views. There are two parking spaces on Ocean Park Blvd side of the property and three on 7th St for a total of five parking spaces-buyer to verify all earthquake retrofit requirements. The building features an on-site laundry room for additional income, with a large storage room and bike closets. There are endless amenities in the vicinity. The property is about a half-mile from the Santa Monica State Beaches, volleyball courts, walking and bike paths, endless shops, bars, restaurants, coffee shops, and along Main Street. The property is near the Santa Monica Pier, Third Street Promenade, Santa Monica Place Mall, and retail along Rose Avenue.

Los Angeles CA Residential Income for Sale

1314 S Beverly Glen Blvd is a 6-unit apartment building built in 1947 with a wood frame and stucco construction. The unit mix is six large two-bedroom, one-bathroom units. One of the units is a two-story townhouse-style unit. The property is 6,129sf on an oversize 8,090sf parcel zoned LAR3 (Tier 2 TOC). Located just south of Devon Ave on South Beverly Glen Boulevard, between Wilshire and Santa Monica Boulevards, this apartment building has an excellent location adjacent to Century City, Beverly Hills, and Bel Air/Holmby Hills. This location will demand some of the highest rents in all Los Angeles. Due to some tenants paying below-market rents, there is an estimated 25% rental upside through renovating below-market units upon turnover. There is currently one vacant unit.

Los Angeles CA Residential Income for Sale

We are pleased to present 12012 Mitchell Ave, an eight unit apartment building in the prime submarket of Mar Vista in West Los Angeles. The property was built in 1952 with a wood frame and stucco construction. The structure comprises six one-bedroom, one-bathroom units and two two-bedroom, one-bathroom units. There are eight striped parking spaces with rear alley access. There is no soft story retrofit required. Excellent Mar Vista Location - WalkScore.com = 86 - 'Very Walkable -Most errands can be accomplished on foot.' Strong Mix of One and Two Bedroom Units. Eight Parking Spaces - No Soft Story Retrofit Required. First Time on the Market in 70 Years.

Los Angeles CA Residential Income for Sale

1861 Midvale Ave is a five-unit apartment building in the heart of Westwood, offering an unbeatable location. The unit mix comprises one one-bedroom, three two-bedroom, and one three-bedroom units, ensuring a solid demand from various renters. Additionally, with a Walk Score of 93, this property is a 'Walker's Paradise,' making daily errands achievable without a car. Tenants will enjoy the convenience of walking to nearby shops, restaurants, and entertainment options. This property presents a good investment opportunity with low maintenance costs and a reliable cash flow, with over 40% rental upside.

Los Angeles CA Land Lot for Sale

Total $500,000 Price Reduction! The Centinela Apartment Complex is an RTI, eighteen-unit multifamily development site in prime Mar Vista, south of Culver Blvd and north of the 90 Freeway in West Los Angeles. The property is 9,527 sqft of vacant land, and records show the property is RTI. The property's unit mix will consist of eleven one-bedrooms (avg. 700 SF), five one-bedrooms with lofts (avg. 1,159 SF), and two three-bedroom units (avg. 1,289 SF). The five loft units are two stories with a rooftop deck. The plans include eighteen parking spaces, a recreation room, and rooftop decks. The total building area is 17,106 SF. Three one-bedroom units will have restrictions for very low-income housing and one loft unit for low-income housing. Centrally located between Marina Del Rey and Culver City, this property is just a short drive from Santa Monica, Playa Del Rey, and Culver City. The Centinela Apartment Complex is ideal for commuters working in various parts of West Los Angeles.

Los Angeles CA Residential Income for Sale

Huge $250k Price Reduction! 18-Unit building in Prime Pico-Robertson/Palms area priced at only $263k/door and $353/SF. Amazing Current Cap Rate of 5% and 13.8 GRM with an incredible 79% upside to 10.2% Cap Rate and 7.7 GRM on Proforma. The property features 4 fully renovated vacancies with permits, including 1 (3 bed/2 bath) vacant unit plus three vacant brand-new attached ADUs. A large unit mix consisting of 3 (3 bed/2 bath), 1 (2 bed/2 bath), 5 (2 bed/1 bath), 8 (1 bed/1 bath), and 1 (studio/1 bath) units. Each unit is individually metered for gas & electricity. All vacancies have been completely renovated with permits and boast a high-end aesthetic with new modern cabinets, flooring, recessed lighting, bathrooms, stainless steel appliances, and significant exterior capital improvements. Amenities include a renovated courtyard with seating areas, on-site laundry facilities, secure entry, and parking for convenience. This property is located in the heart of the Pico-Robertson/Palms area, just minutes from Beverly Hills, Culver City, West Side, and one block from Kaiser Permanente Medical Center. The building's prime location is within easy reach of local shops, restaurants, and public transportation, making it an ideal choice for tenants seeking a central and convenient lifestyle.

Los Angeles CA Residential Income for Sale

Huge 350k Price Reduction! 18-Unit building in Prime Pico-Robertson/Palms area priced at only $258k/door and $345/SF. Amazing Current Cap Rate of 5.1% and 13.3 GRM with an incredible 75% upside to 10.3% Cap Rate and 7.5 GRM on Proforma. The property features 5 fully renovated units consisting of 2 remodeled units plus 3 vacant brand-new attached ADUs. Large unit mix consisting of 3 (3bed/2bath), 1 (2bed/2bath), 5 (2bed/1bath), 8 (1bed/1bath), and 1 (studio/1bath) unit. Individually metered for gas & electricity. 5 units have been completely renovated and boast a high-end aesthetic with new modern cabinets, flooring, recessed lighting, new bathrooms, stainless steel appliances, and major exterior capital improvements. Amenities include a renovated courtyard with seating areas, on-site laundry facilities, secure entry, and parking for convenience. This property is located in the heart of the Pico-Robertson/Palms area just minutes away from Beverly Hills, Culver City, West Side, and one block from Kaiser Permanente Medical Center. The building's prime location is within easy reach of local shops, restaurants, and public transportation, making it an ideal choice for tenants seeking a central and convenient lifestyle.

Los Angeles CA Residential Income for Sale

Huge 350k Price Reduction! 18-Unit building in Prime Pico-Robertson/Palms area priced at only $258k/door and $343/SF. Amazing Current Cap Rate of 5.1% and 13.3 GRM with an incredible 75% upside to 10.3% Cap Rate and 7.5 GRM on Proforma. The property features 5 fully renovated units consisting of 2 remodeled units plus 3 vacant brand-new attached ADUs. Large unit mix consisting of 3 (3bed/2bath), 1 (2bed/2bath), 5 (2bed/1bath), 8 (1bed/1bath), and 1 (studio/1bath) unit. Individually metered for gas & electricity. 5 units have been completely renovated and boast a high-end aesthetic with new modern cabinets, flooring, recessed lighting, new bathrooms, stainless steel appliances, and major exterior capital improvements. Amenities include a renovated courtyard with seating areas, on-site laundry facilities, secure entry, and parking for convenience. This property is located in the heart of the Pico-Robertson/Palms area just minutes away from Beverly Hills, Culver City, West Side, and one block from Kaiser Permanente Medical Center. The building's prime location is within easy reach of local shops, restaurants, and public transportation, making it an ideal choice for tenants seeking a central and convenient lifestyle.

Los Angeles CA Residential Income for Sale

Huge 350k Price Reduction! 18-Unit building in Prime Pico-Robertson/Palms area priced at only $258k/door and $343/SF. Amazing Current Cap Rate of 5.5% and 12.5 GRM with an incredible 93% upside to 12.4% Cap Rate and 6.5 GRM on Proforma. The property features 5 fully renovated units consisting of 2 remodeled units plus 3 brand-new attached ADUs. Large unit mix consisting of 3 (3bed/2bath), 1 (2bed/2bath), 5 (2bed/1bath), 8 (1bed/1bath), and 1 (studio/1bath) unit. Individually metered for gas & electricity. 5 units have been completely renovated and boast a high-end aesthetic with new modern cabinets, flooring, recessed lighting, new bathrooms, stainless steel appliances, and major exterior capital improvements. Amenities include a renovated courtyard with seating areas, on-site laundry facilities, secure entry, and parking for convenience. This property is located in the heart of the Pico-Robertson/Palms area just minutes away from Beverly Hills, Culver City, West Side, and one block from Kaiser Permanente Medical Center. The building's prime location is within easy reach of local shops, restaurants, and public transportation, making it an ideal choice for tenants seeking a central and convenient lifestyle.

Los Angeles CA Residential Income for Sale

There was a recent $100,000 price reduction, and the seller has notified all tenants of Los Angeles City's allowed 4% rent increase for February 1st, 2024. 1326 Wellesley Ave is a meticulously maintained 8-unit apartment building in the heart of West Los Angeles. The 6,336 sqft building is situated on a 7,361 sqft lot zoned LAR3. This property offers a unit mix comprised of six one-bedroom, one-bathroom, one two-bedroom, two-bathroom, and one townhouse-style two-bedroom one-and-one-half bathroom units. Recent upgrades include brand-new windows and a soft-story earthquake retrofit, ensuring safety and energy efficiency. There is room to park at least three cars in front and five cars in the rear for eight parking spaces. Ideally located within easy reach of local restaurants, grocery stores, and the vibrant West Side neighborhood, this property promises consistent occupancy and significant growth potential.

Los Angeles CA Residential Income for Sale

We are pleased to introduce 10357 and 10361 Ashton Ave, a compelling nine-unit investment opportunity situated in the prestigious Westwood submarket of West Los Angeles. This property is comprised of two adjoining parcels that share a central courtyard. The eastern building, 10357-10359.5 Ashton, boasts 3,320 sqft of living space and comprises four units, including two one-bedroom, one-bathroom units and two spacious two-bedroom, two-bathroom units. Built-in 1953 with a sturdy wood frame and stucco construction, the property also features an additional non-conforming studio unit, approximately 400-500 sqft, situated above the two two-car garages at the rear of the property. Notably, this space has the potential for conversion into an Accessory Dwelling Unit (ADU), offering immediate potential for renovation and rental income enhancement. The western building, 10361-10365.5 Ashton, is a timeless structure with 3,954 sqft of living space. Built-in 1937 with a wooden frame and stucco construction, it offers five generously sized one-bedroom, one-bathroom units, each exuding its unique charm. There are two two-car garages and one one-car garage in the rear alley of the property. This exceptional property is conveniently located just one block south of Wilshire Blvd and to the east of South Beverly Glen Boulevard, making it an ideal choice for those seeking proximity to Beverly Hills, Century City, and the West Side. The prime location ensures a strong demand for rental units, making it a promising investment opportunity. Both buildings rest on approximately 4,250 sqft lots zoned LARD1.5, 8,501 sqft of total land.

Los Angeles CA Residential Income for Sale

1218 McClellan Dr is a 16-unit apartment building in a prime West Los Angeles location. The property was built in 1972 with a unit mix comprised of one studio, fourteen large one-bedroom one-bathroom, and one two-bedroom one-bathroom unit. The building is 11,758 sqft on an 8,714 sqft lot zoned LAC2. Amenities include controlled access and gated parking. The building's extremely desirable location demands premium rents upon turnover of units, as this is one block south of Brentwood and one block east of Santa Monica. Within proximity are grocery stores, such as Ralphs, Smart & Final, Bristol Farms, Erewhon Market, and many restaurants, coffee shops, and bars. EXCELLENT LOCATION - WALK SCORE = 93 - 'WALKER'S PARADISE - DAILY ERRANDS DO NOT REQUIRE A CAR'. UNIT MIX CONSISTING OF MOSTLY LARGE 1-BEDROOM UNITS - AVG 735 SQFT. AMENITIES INCLUDE CONTROLLED ACCESS ENTRY AND GATED PARKING. RARE MID-SIZED ASSET - FIRST TIME ON THE MARKET IN 50 YEARS. APPROXIMATELY 23.5% POTENTIAL RENTAL UPSIDE UPON TURNOVER.

Los Angeles CA Residential Income for Sale

$130,000 Price Reduction! 11957 Kiowa Ave is an exceptional investment opportunity in the coveted Brentwood neighborhood of West Los Angeles. This property features a well-maintained two-story building built in 1956 with a wood frame and stucco construction. It is approximately 5,171 sf on a 7,875 sf lot. The unit mix comprises five one-bedroom, one-bathroom, and two two-bedroom, one-bathroom units. Four units are renovated, offering a modern touch and increased desirability. One of the one-bedroom units is currently vacant. Seven parking spaces are available at the rear of the property, and the owner has completed the required soft-story earthquake retrofit work. The buyer can add future value by converting the detached carport at the back of the property into an ADU (Buyer to verify). Situated near grocery stores, including Whole Foods and Ralphs, and a diverse selectionof dining options, coffee shops, and yoga studios, this investment property presents a prime chance to capitalize on Brentwood's thriving rental market. It offers an excellent opportunity for long-term growth in one of Los Angeles's most desirable locations and is for sale for the first time in 60 years.

Los Angeles CA Residential Income for Sale

$500,000 PRICE ADJUSTMENT! 11707 Kiowa Ave is an exceptional investment opportunity in the coveted Brentwood neighborhood of Los Angeles. This property features a well-maintained two-story building built in 1963 with a wood frame and stucco construction of approximately 7,934 sf on a 7,499 sf lot zone LAR3. The unit mix comprises one studio, four one-bedroom one-bathroom units, three two-bedroom two-bathroom units, and one three-bedroom two-bathroom unit. There are two tandem parking spaces in front of the property and six spaces in the rear alleyway, for a total of ten parking spots. The soft story earthquake retrofit has been completed. This property offers an excellent opportunity for long-term growth in one of Los Angeles's most desirable locations. It is situated two blocks South of San Vicente Blvd., which features many favorite shops, a diverse selection of dining options, coffee shops, and yoga studios. This investment property presents a prime chance to capitalize on Brentwood's thriving rental market, being offered for sale for the first time in 50 years.

Los Angeles CA Residential Income for Sale

12718 Mitchell Ave is a well-maintained nine-unit apartment building situated in a prime area of Mar Vista. It is conveniently located just one block north of Washington Boulevard and three blocks west of Centinela Avenue, making it close to both Culver City and Marina Del Rey. Built in 1971, the building features a wood frame and stucco construction. The unit mix consists of seven spacious one-bedroom, one-bathroom apartments and two large two-bedroom, two-bathroom apartments. With tenant turnover and updates to modern standards, the rental income could potentially increase by approximately 24%. The property offers on-site laundry facilities, a three-car garage in front, and six additional spaces in the alleyway. Please note that the mandatory soft-story earthquake retrofit has not yet been completed.

Los Angeles CA Residential Income for Sale

1314 S Beverly Glen Blvd is a six-unit apartment building constructed in 1947 with a wood frame and stucco. The property features a mix of five spacious two-bedroom, one-bathroom units and one townhouse-style two-bedroom unit. It occupies 6,129 square feet on an oversized 8,090 square foot lot, zoned LAR3 (Tier 2 TOC). Situated just south of Devon Avenue on South Beverly Glen Boulevard, between Wilshire and Santa Monica Boulevards, this apartment building is ideally located near Century City, Beverly Hills, and Bel Air/Holmby Hills. This prime location will attract some of the highest rental rates in Los Angeles. The property includes on-site laundry facilities and parking for six cars. Currently, some tenants are paying below-market rents, providing an opportunity to renovate these units upon turnover. This strategy has an estimated rental upside of 12.5%. In this area, rents for renovated two-bedroom, one-bathroom units can range from $3,200 to over $4,000 monthly.

Los Angeles CA Residential Income for Sale

10721 Ashton Ave is a four-unit apartment building built in 1948 with a wood frame and stucco construction. It is located in an excellent Westwood area, just one block south of Wilshire Blvd between Selby and Manning Avenues. The property features two one-bedroom, one-bathroom units and two well-appointed two-bedroom, one-bathroom units with a powder room. Each unit has a washer and dryer. The one-bedroom units are approximately 677 sqft, and the two-bedroom units are approximately 1,252 sqft. The building is 4,016 sqft on a 6,000 sqft lot zoned LA [Q]R3-1-O. The current owner has maintained the property well and received upgrades such as a complete copper repipe and an updated electrical system. Two two-car garages and one one-car garage are conveniently located at the rear of the property.

Los Angeles CA Residential Income for Sale

Discover the charm of 1231 Devon Ave, a triplex in a quiet residential neighborhood on the southwest corner of Devon and Ashton Avenues in Westwood. The property was built in 1947 with a wood frame and stucco construction. Sprawling across 3,195 square feet and set on a 5,158 square foot lot with LARD1.5 zoning, it offers ample opportunity for investors and owner-users alike. The thoughtfully designed unit mix features a one-bedroom, one-bathroom unit, alongside two two-bedroom, one-bathroom units with washer/dryer hookups. The spacious units exude timeless appeal. The property features three one-car garages in the rear alleyway. Excellent Westwood location - One block south of Wilshire Blvd and east of Beverly Glen Blvd. Prime Owner-User Opportunity. Corner Lot - ADU potential in the rear alleyway (Buyer to verify).