Adam Zunder

Sherman Oaks CA Residential Income for Sale

We are proud to represent this 18 unit plus 2 additional non-conforming units apartment building in
Sherman Oaks. The non conforming units are in the process of being legalized with the city with permits expected in
2018.
The building was constructed in 1968. Its unit mix consists of (3) one-bedroom, one-bathroom units, (9) two-bedroom,
two-bathroom units, (2) two-bedroom, two-bathroom and a den units and (4) three-bedroom and two-bathroom units
(converted from 2+2+den units). With a lot size of 14,245 square feet, the property has a total of 26,910 rentable square
feet. There are (2) non confirming units that bring in an additional $1000 each per month.
There is an existing loan in the approximate amount of $3,500,000 that was originated in 2015. The loan is at 3.35%
interest that is fixed until October 16, 2020. The property is situated in a prime Sherman Oaks area, which has a
comfortable blend of urban and suburban amenities. Along with sunny, clean sidewalks, the city offers many hip cafes
and shops — especially on Ventura Boulevard, which features the Sherman Oaks Galleria and many upscale
restaurants. Residents also have easy access to the 405 and 101 freeways.
The building’s amenities include an indoor pool, balconies, central HVAC units, secured parking, and lush landscaping.
It is separately metered for gas and electricity

Los Angeles CA Residential Income for Sale

We are pleased to present 428 North Orange Grove Avenue, a charming 1930's 8-unit investment opportunity located in the Fairfax / Beverly Grove district (90036). The property sits on a +/- 5,999 square foot parcel and includes +/- 8,016 square feet of improvements, offers investors a unique and rare opportunity to acquire a property with immediate rental upside through systematic renovations of the interior and exterior. All 8-units, which average 850 (+/-) square feet, offer the potential investor a blank canvas for next generations renovations to achieve the maximum market rent. Centrally located in the Beverly Grove / Fairfax district, 428 North Orange Grove Avenue is poised to capitalize on the tremendous momentum in the immediate area. The proximity to Ultra-Hip Fairfax Avenue and The Grove, makes this an ideal investment for apartment operators with long term wealth preservation and appreciation. Email agents for full marketing package.

Los Angeles CA Residential Income for Sale

We are pleased to present The Wilcox Gateway Apartments, a 24-unit investment opportunity spread across 4 properties and 4 separate/contiguous parcels zoned R4 and located at 1830 Wilcox Avenue within the heart of Hollywood (90028). 1812 Wilcox Avenue Built in 1919, the property is Seven (7) units and is comprised of (+/- 5,100 SF of improvements) on a large 9,690 parcel of land. 1822 Wilcox Avenue Built in 1986, this property is NOT subject to Los Angeles Rent Control. It consists of Five (5) units and comprised of (+/- 3,170 SF of improvements) on a 4,788 square foot lot. 1824 Wilcox Avenue Built in 1920, this property is Six (6) Units and is comprised of (+/- 3,480 SF of improvements) on a 4,560 square foot lot. The unit mix consists of Four (4) One Bedroom - One Bathroom and Two (2) Single apartment units.1830 Wilcox Avenue Built in 1923, this property is Six (6) Units and is comprised of (+/- 3,846 SF of improvements) on a 4,176 square foot lot.Full OM available.

Los Angeles CA Residential Income for Sale

Cambridge Street "The Cambridge" is a 9,064 SF multifamily property located in a growing Los Angeles sub market called Harvard Heights, which is known for its plethora of historic two story craftsman style homes. The property resides on a 6,250 square foot lot. The Cambridge is comprised of sixteen studio apartments and two 1 bedroom + 1 bathroom units. Seven of the units have been renovated and are setting the bar for rental comps in the immediate area. An onsite manager provides ease of management for the tenants and ownership.

Canoga Park CA Residential Income for Sale

We are proud to represent this 24-unit apartment building in Canoga Park. 
The building was constructed in 1977. Its unit mix consists entirely of (24) one-bedroom, one-bathroom units. With a lot size of 19,423 rentable square feet, the property has a total of 14,090 rentable square feet. 
The property is situated in Canoga park which offers a comfortable blend of urban and suburban amenities. The city contains many nice parks and recreational areas, as well as numerous opportunities for shopping and dining. Given its easy access to the freeways, its residents can easily enjoy all the benefits of living in the greater Los Angeles area
It is separately metered for gas and electricity..

Santa Monica CA Residential Income for Sale

"The Beverley," built in 1962, is available to the market for the first time in 57 years from the original owners. The Beverley is located on a tree lined street adjacent to Joslyn park and Lincoln Blvd where tenants can dine, shop, ride bikes or indulge in a sub sandwich at the famous Bay Cities Italian Deli. The unit mix is comprised of (10) 2 Bedroom + 2 Bathroom units and (8) 3 Bedroom + 2 Bathroom units, which are setting the market for rents in Santa Monica. The location of "The Beverley" is in the highly desirable area of Ocean Park known for its cultural diversity, multitude of entertainment options, eclectic retail, food options, and only a 5 minute drive to the beach.

Los Angeles CA Residential Income for Sale

We are pleased to present for sale Mi Quinta Hacienda, a 5-unit apartment building located in the rapidly gentrifying neighborhood of South Los Angeles. Built in 1940, this charming Spanish-style bungalow property is located at 1346 W 57th Street., just east of Normandie Ave and south of Vernon Ave. The clay titled roof, stucco exterior, and lush landscaping give the property (3,783 square feet on a 9,927-square-foot lot) distinctive curb appeal unique to South Los Angeles and hint at the allure of the buildings interiors. The unit mix at Mi Quinta Hacienda is 4 one-bedroom/one bath units that are approximately 625 square feet and 1 two-bedroom/one bath which is approximately 1250 square feet. All five of the units were extensively renovated with new kitchen cabinets, granite/quartz countertops, hardwood & title flooring, stainless steel appliances, new bathrooms with designer titles, vanities, walk-in showers, and new windows. There are 5 covered parking spaces. Very private property.

Los Angeles CA Residential Income for Sale

Starlight Apartments is a 19-unit multifamily property featuring two stories above tuck-under parking. The property was constructed in 1961 and offers+/- 13,170 square of improvements on a +/- 12,900 square foot lot. StarlightApartments features a strong unit mix of 11 One-Bedroom and 8 TwoBedroom units. This charming mid-century walk-up features a courtyard, 18parking spaces, and individually metered units for both gas and electric. The property has one central water heater. The earthquake retrofit work required by the City of Los Angeles has been completed. New ownership can add additional value by renovating unit interiors and common areas to push market rents, along with the implementation of a RUBS program to offset water, sewer, and rubbish removal costs. Property can be sold individually or as a portfolio with 226 S Serrano Ave and 5440 Carlton Way.

Los Angeles CA Residential Income for Sale

Carlton Way Apartments is an 18-unit multifamily property featuring two stories above tuck-under parking. The property was constructed in 1985 and offers +/- 13,488 of improvements on a +/- 11,110 square foot lot. Carlton Way Apartments features a strong unit mix of 6 One-Bedroom and 12 Two-Bedroom Units. The property features a center hallway and 17 parking spaces. The units are individually metered for both gas and electric and there is one central water heater. The property has one central water heater. Since the property was constructed in 1985 it is not subject to the earthquake retrofit requirements. New ownership can add value by either renovating unit interiors as they become vacant, or by simply implementing the annual rent increases of 5%+ CPI 8% pre-Coronavirus. Large compounded rent increases will quickly help a new buyer realize close to market rents without the cost of turning units. Can be purchased individually or with 226 S Serrano and 5532 Harold Way.

Los Angeles CA Residential Income for Sale

Serrano Apartments is a 21-unit, multifamily property located at 226 S Serrano Ave in the Koreatown neighborhood of Los Angeles. Built-in 1987, in modern architecture, the property offers renters 1 Studio, 12 One- Bedroom, and 8 Two-Bedroom units across +/- 17,388 of improvements on+/- 8,939 square feet of land. Utilities are separately metered for gas and electric, except for unit #107 which is master metered for both. Since the property was built in 1987 it is not subject to the LA RSO, however, it falls under Assembly Bill 1482 which allows for annual rent increases of 5% + CPI. Assuming annual rent increases of 8%, new ownership will have the opportunity to quickly grow rents without the costs of turning/vacating units. New ownership can also push rents by renovating the unit interiors and common areas. Property can be sold with 5532 Harold Way and 5440 Carlton Way.

Los Angeles CA Land for Sale

Excellent opportunity to purchase a duplex with a development opportunity. 1242 Fedora Street is located in the highly desirable Pico-Union submarket of Los Angeles. The property features 1,420 square feet of improvements on a 5,908 square foot lot. As a development opportunity, the property is zoned R3-1 which allows for the development of 7 units bi-right. In addition, since the property is located within the Transit Oriented Community (Tier 2) a developer benefits from a 60% density bonus of 5 units. This brings the total number of buildable units to 12. As a duplex, the property features two 3 Bedroom + 2 Bath units. Rents total $3,513.53 per month. Please do not disturb the tenants, contact listing agents with questions.

West Hollywood CA Residential Income for Sale

The Vista is a 10-unit apartment building located at 1015 N Vista Street in the highly desirable West Hollywood neighborhood of Los Angeles. Built in 1962, the property offers renters a high demand mix of 8 One-Bedroom, and 2 Two-Bedroom and Two-Bathroom units across 8,094 square feet on 6,640 square feet of land. The Vista has been approved by the City of West Hollywood (permits are ready to issue) for an additional two Studio units - ADUs. Seller to deliver property with approved plans, new ownership is responsible to complete construction of said ADU units. The thoughtfully maintained property features 8 extensively renovated units featuring new hardwood floors, kitchen cabinets, countertops, stainless-steel appliances, designer tiles, fixtures, and lighting. The bathrooms have been updated with modern vanities and tiles, bathtubs, and hardware. In addition, the building has been updated with new windows, wall air conditioning units, and in-unit washer and dryers.

Los Angeles CA Residential Income for Sale

The Occidental, located at 743 North Occidental Boulevard in the sophisticated hip Silver Lake neighborhood of Los Angeles, is a five-unit 1920s vintage multifamily community. The property is comprised of four separate structures, combining two Spanish-style one-bedroom casitas with a free-standing one-bedroom house and two apartment units with two-bedrooms and one-bathroom each. The total living area of all units is 3,560 square feet on a 7,100 square foot lot. With four structures, there is only one shared wall among the five units, providing tenants with a sense of quiet and privacy. In addition, the free-standing house unit in the center of the property, can be fenced off creating a luxuriously private patio garden space in the middle of the community. Four of the units feature original hardwood flooring, while the free-standing house has carpet, likely over original hardwood floors. All units offer individual water heaters, in-unit laundry hook-up, and are separately metered for gas and electricity. An additional property amenity is the five garage parking spaces access from the rear alley. The property will be delivered with three units vacant at closing, providing a new value-add-focused investor the immediate opportunity to realize market rents and a high stabilized yield through renovation and updating of the interiors.

Los Angeles CA Residential Income for Sale

We are pleased to present for sale Alma Del Pueblo, a 10-unit, two-building Craftsman & Spanish Bungalow style multifamily property located at 123 East 36th Place in the rapidly gentrifying Historic Central neighborhood of Los Angeles. Situated east of Main Street and south of Jefferson Boulevard, the 1926-built property is comprised of one Bungalow-style building with seven one-bedroom / one-bathroom units averaging 550 square feet and one two-bedroom / one-bathroom unit with 850 square feet of living space. The second structure is a traditional two-story Craftsman-style duplex featuring a 900 square feet downstairs one-bedroom / one-bathroom unit, and a 1,100 square foot three-bedroom / one-bathroom upstairs unit. The combined gross building area measures 6,546 square feet, on a 9.375 square foot lot. Both buildings feature a new roof and comprehensively updated exterior with distinctive curb appeal highlighted by lush landscaping that hints at the thoughtfully maintained unit interiors. The property benefits from new electrical wiring throughout, including an updated main panel and individual sub-panels in all units, new copper plumbing, individual water heaters in each unit, and a new roof on the two structures.

Los Angeles CA Residential Income for Sale

8th Street Apartments is a 4-unit apartment building located at 2941 W 8th Street in the highly desirable Koreatown neighborhood of Los Angeles. Built in 1923, the property offers renters a high demand mix of four large Two-Bedroom units across 4,888 square feet of improvements on 6,252 square feet (0.14 acres) of land. On the market for the first time in over 40 years, the thoughtfully maintained property is a virtual time capsule of 1920s style, ripe for repositioning and cosmetic updating to serve the upscale tenant base of the renewed Koreatown community in the heart of Los Angeles. New ownership has the opportunity to capture nearly 33% upside (in rents) as the units turn by extensively renovating the units with new hardwood floors, kitchens cabinets & countertops, bathrooms with new vanities and modern tile, recessed lighting, stainless-steel appliances, new windows, fixtures and hardware. Unique to 8th Street Apartments are the spacious units which offer +/- 1200 square feet of living space. Utilities are separately metered for electricity and gas, and individual water heaters for each unit. OFFERS DUE 6/16/2021 at 4PM

Los Angeles CA Residential Income for Sale

Villa Girasol is an 18-unit apartment building located at 440 E 27th Street in the Historic Central submarket of Los Angeles. First time on the market in over 50 years, Villa Girasol is the perfect opportunity to add value to the building by renovating the exterior, interior hallways, and units to capture the significant upside in rents. The unit mix is 6 Single Room Occupancies (SRO), 11 Studios and 1 Two Bedroom/1 Bath units. Located in the heart of the Historic Central neighborhood, just south of Downtown LA and Los Angeles, Villa Girasol is near local employment and entertainment centers such as South Park, LA Live, and the Staples Center. Also, to rapidly developing areas like the Arts District, Koreatown, Exposition Park and USC. The neighborhood is considered highly walkable and a bikers paradise, with easy access to local shops and services, as well as freeways and public transportation.

Pasadena CA Residential Income for Sale

160 N. Holliston Ave The Holliston built in 1962 is in Pasadena which is considered one of the best places to live in Los Angeles. This 12-unit apartment building consists of 8,984 Sq. Ft. and resides on a 12,318 Sq. Ft. lot. The Holliston is comprised of (4) 2-bedrooms + 1-bathroom units, and (8) 1-bedroom + 1-Bedroom units. On-site laundry is available to the tenants along with covered parking spaces. Current rents are well below market and the opportunity exists for a new owner to add value and maximize rents resulting in a stabilized 5.6%+ Cap Rate. The location of The Holliston is in the highly desirable rental market of Pasadena, known for its trendy eateries, outdoor activities, and cool location where tenants are willing to pay to live in one of the best neighborhoods in all of Los Angeles.

Los Angeles CA Residential Income for Sale

Alma Del Pueblo is a six-unit property located in the heart of Mid-City. Mid-City is one of the hottest new submarkets of Los Angeles as its undergoing rapid growth and urbanization. Over the last four years, numerous new ground-up development projects have been completed, apartment owners have begun to extensively rehab their buildings, and single-family residences continue to be purchased by millennials looking for an affordable solution to LA urban living. The transformation of this area will continue to bring new retail and entertainment options, and transform a once sleepy bedroom community into a vibrant city-like community with walkable and bikeable streets, and improved services surrounding major transit hubs. Located at 1663 West Blvd, this six-unit apartment building was built in 1921 and features 3,997 square-feet of improvements on a 6,999 square-foot lot. The property features a unit mix of five one-bedroom and one-bath units that have an average living area of 615 square feet, and one three-bedroom and one-bath unit that has a living area of 900 square feet

Los Angeles CA Residential Income for Sale

Iconic Investments is pleased to offer for sale 1315 S. Catalina St., a 7-unit apartment building located in the Pico-Union submarket of Los Angeles. Built in 1908 with additional units added in 2012 & 2021, 3 of the 7 units are not subject to Los Angeles City RSO. The unit mix is 1 one-bed/one-bath, 5 two-bed/one-bath and 1 four-bed/two bath units. 4 of the 7 units have been recently updated with new hardwood floors, kitchen cabinets & countertops, bathrooms, fixtures, lighting, stainless steel appliances and split-system air conditioning/heating units. In addition, the other 3 units were newly constructed in 2012 & 2021 and new at that time. The property is individually metered for both gas and electric, and the tenants pay for trash. All units have individual water heaters. Unit numbers 5 & 6 were built in 2012 allowing for 10% annual rent increases.

Los Angeles CA Residential Income for Sale

Iconic Investments is pleased to offer for sale 1315 S. Catalina St., a 7-unit apartment building located in the Pico-Union submarket of Los Angeles. Built in 1908 with additional units added in 2012 & 2021, 3 of the 7 units are not subject to Los Angeles City RSO. The unit mix is 1 one-bed/one-bath, 5 two-bed/one-bath and 1 four-bed/two bath units. 4 of the 7 units have been recently updated with new hardwood floors, kitchen cabinets & countertops, bathrooms, fixtures, lighting, stainless steel appliances and split-system air conditioning/heating units. In addition, the other 3 units were newly constructed in 2012 & 2021 and new at that time. The property is individually metered for both gas and electric, and the tenants pay for trash. All units have individual water heaters. Unit numbers 5 & 6 were built in 2012 allowing for 10% annual rent increases.

Los Angeles CA Residential Income for Sale

The Starlight Apartments, at 5532 Harold Way, are located in the highly sought-after Hollywood neighborhood of Los Angeles. Built in 1961, the property offers renters a highly-competitive unit mix of 14 One Bedrooms, and 5 Two-Bedroom units across 13,170 gross square feet of improvements and 12,901 square feet of land. The property has been thoughtfully maintained in near-original condition and presents new ownership with the opportunity to capture significant upside in rents through unit renovations and common area enhancements showcasing modern design elements. Located in the northeast edge of the Hollywood neighborhood, bordering Los Feliz and East Hollywood, The Starlight Apartments offer tenants immediate access to a broad selection of world-class dining, entertainment and shopping destinations easily accessible by walking or a short drive. Retailers within walking distance include: Target, Chase Bank, Starbucks, Ralphs Supermarket and Petco. Within 0.5 miles of the property is the headquarters of Netflix, Sunset Bronson Studios, Emerson College and KTLA 5. Starlight Apartments is less than a 3-minute walk to the nearby Red Line Metro Station at the corner of Hollywood Blvd. and Western Ave. The property is in the Qualified Opportunity Zone

Los Angeles CA Residential Income for Sale

1406 Edgecliffe Drive, located in the sophisticated hip Silver Lake neighborhood of Los Angeles, is a two-unit freestanding house and back unit. This property is great for an owner user or as investment. The front house is a well-cared for 2,035 SF Craftsman bungalow with period details and charm. It is in good shape and has many updates. The main house has 4 bedrooms and 2 bathrooms and a bonus den adjacent to the kitchen. Behind the main house is a freestanding one bedroom/one bathroom 755 SF casita built in 1964. The front unit will be delivered vacant at closing and can be rented for $5,000 per month. The back unit is currently being rented for $1,000 per month. The back unit will help off-set the costs of living in the front unit. The total living area of both units is 2,790 square feet on a 7,353 square foot lot. Both units offer individual water heaters, in-unit laundry hook-up, and are separately metered for gas and electricity. An additional property amenity is 6 on-site parking spaces. Updates to the property include new appliances, new flooring, updated landscaping, a newer roof installed within the last 5 years, new air conditioning units and new plumbing and electrical.As the epicenter of hipster lifestyle in Los Angeles, Silver Lake is brimming with artisanal coffee shops and restaurants, trendy bars, and funky boutiques along its mural-lined streets. This once-gritty creative community has become home to celebrities, professionals, and families. With some of the strongest demographic analytics in the Los Angeles region, Silver Lake is an ideal community for apartment investors. The local population is relatively affluent, single, and predominantly renter-based, with 84% of residents considered white-collar, nearly 65% single, and with an average household income of $102,000 annually, 71% of residences are renter-occupied. The Silver Lake neighborhood is centrally located in Los Angeles and the property is a short 10-minute drive to adjacent major employment centers in Downtown, Hollywood, Koreatown, and Miracle Mile. 1406 Edgecliffe is in walking distance to all the amenities Silverlake has to offer including coffee shops such as Coffee Memes, local restaurants such as Bacari Silverlake, Kombu Sushi, 33 Taps, El Cochinito Restaurant, Millie's Cafe, and El Conquistador, a weekly farmer's market, and the lively Sunset Blvd.

Los Angeles CA Residential Income for Sale

The Loma Linda Apartments, in the up-and-coming Thai Town neighborhood of Los Angeles, is a 10-unit multi-family building built in 1947. The property is located at 5300 Loma Linda Avenue and is comprised of 1 Studio, 8 one-bed/one-bath units and 1 two-bed/one-bath unit across 7,532 gross square feet of improvements on 10,678 square feet of land. Utilities are separately metered for electricity and gas. Some of the units have been lightly updated by current ownership, with room for more growth. In addition, a new roof was installed about 10 years ago and new water heaters 5 years ago. The Loma Linda Apartments are an ideal investment opportunity for all renovation-oriented buyers. As the units turn, it will allow new ownership to immediately renovate, remodel and reposition the property to capture a higher-income tenant base and top-of-market rents. Located on the northeast edge of Hollywood, Thai Town neighborhood is a six-block area flanking Hollywood Blvd. between Normandie Ave. and Western Ave. Thai Town borders Los Feliz and East Hollywood. 5300 Loma Linda Ave. offers tenants immediate access to a broad selection of world class dining, entertainment, and shopping destinations easily accessible by walking or a short drive. Retailers within walking distance include Target, Chase Bank, Starbucks, Ralphs Supermarket and Petco. Within 0.5 miles of the property is the headquarters of Netflix, Sunset Bronson Studios, Emerson College and KTLA 5. The Loma Linda Apartments are less than 0.3 miles to the nearby Red Line Metro Station at the corner of Hollywood Blvd. and Western Ave. and the area is served by the Metro Rapid bus lines 757 & 780 and Metro Local bus lines 180, 181, 206, 207, & 217.

Los Angeles CA Residential Income for Sale

2649-2655 San Marino Street is a development opportunity in LA's thriving Koreatown submarket. Plans being approved for 6-story multi-residential building with 5 levels of residential, one level of on-grade parking and one level of subterranean parking over +/-13,500 square feet of land. The current design includes 55 Class A units, with a highly desirable unit mix of 15 studios, 25 one-bedroom apartments and 15 2-bedroom apartments over +/-38,338 building SF. All units have balconies and in-unit washer and dryers. Other amenities planned include 42 total parking spaces with 13 EV spaces, bicycle parking with 62 spaces, a space for a fitness room and a rooftop deck with great views of DTLA and Wilshire Corridor. Six units are reserved for affordable housing. The seller will deliver this project with RTI. MEP plans have been started and the Letter of Determination has been drafted and submitted to the City Planner and waiting on revisions. Currently there are 4 units on each lot, for a total of 8 units. The developer of this property will participate in the growth of a submarket which has transformed into one of the most desirable places for urban living. Can be sold as-is for $3,450,000.

Los Angeles CA Residential Income for Sale

Iconic Investments is pleased to offer for sale Las Villas Apartments, an 8-unit apartment building located just south of Downtown LA. Built in 1922, this charming Spanish-style bungalow property is located at 2400 Maple Avenue, between Main Street and San Pedro Street, south of Washington Boulevard. The old charm gives the property (4,352 Sq. Ft. on a 7,510 Sq. Ft. lot) distinctive curb appeal and a hint at the allure of the buildings interiors. The unit mix at Las Villas is 8 one-bed/one-bath units, three of which were converted into one-bed/one-bath + a bonus room. The bonus room can function as an additional bedroom. Efficient use of space and the privacy afforded by the classic bungalow design make the units seem larger. The property is individually metered for both gas and electric, and the tenants pay for trash. All units have individual water heaters. Las Villas is in close proximity to Downtown LA, USC, Culver City, Inglewood and Koreatown.

Los Angeles CA Residential Income for Sale

The Middleton Apartments is a value-add property with 30 apartment units. Situated along 14th Street, the property was built in 1912 of wood-frame stucco and offers 6 Studios and 24 Studios plus a bonus room. Thirteen of the units have been remodeled with flooring, kitchen cabinets, countertops, updated bathrooms, fixtures and lighting. A Buyer will have the opportunity to remodel the remaining 17 units as they become vacant.The building has a new 600amp main electrical panel located in the rear of the property. The renovated units have been rewired from the main panel, subpanels with the units were added, and the individual units rewired. Those units are now sub-metered and individually metered for electricity the remaining seventeen units are still master-metered. As units become vacant a new Buyer can continue to sub-meter units to reduce utility costs. The building is master metered for gas. Other improvements include updating of the hallways and common areas, and exterior paint. Middleton Apartments is in very close proximity to Downtown Los Angeles' South Park District, Mid-City, USC and Koreatown. With a central location sandwiched between Downtown Los Angeles and Koreatown it's only a matter of time before this submarket begins to blossom and gentrify.

Los Angeles CA Residential Income for Sale

The Middleton Apartments is a value-add property with 30 apartment units. Situated along 14th Street, the property was built in 1912 of wood-frame stucco and offers 6 Studios and 24 Studios plus a bonus room. Thirteen of the units have been remodeled with flooring, kitchen cabinets, countertops, updated bathrooms, fixtures and lighting. A Buyer will have the opportunity to remodel the remaining 17 units as they become vacant.The building has a new 600amp main electrical panel located in the rear of the property. The renovated units have been rewired from the main panel, subpanels with the units were added, and the individual units rewired. Those units are now sub-metered and individually metered for electricity the remaining seventeen units are still master-metered. As units become vacant a new Buyer can continue to sub-meter units to reduce utility costs. The building is master metered for gas. Other improvements include updating of the hallways and common areas, and exterior paint. Middleton Apartments is in very close proximity to Downtown Los Angeles' South Park District, Mid-City, USC and Koreatown. With a central location sandwiched between Downtown Los Angeles and Koreatown it's only a matter of time before this submarket begins to blossom and gentrify.

Los Angeles CA Residential Income for Sale

The Richelieu Apartments, in the heart of the Koreatown neighborhood of Los Angeles, is a 56-unit multifamily building built in 1928. The property is located at 751 S Normandie Avenue and is comprised of a high demand mix of 14 Bachelors, 33 studios, 6 one-bedroom/one-bath apartments, and 3 two-bedroom/one-bath apartments across +/-34,291 square feet of improvements on +/-10,659 square feet of land. The Richelieu Apartments is a 5-story elevator building constructed of brick and stone. Amenities include on-site laundry facilities, elevator, gated controlled access and door-to-door trash pickup.On the market for the first time in almost 30 years, the Richelieu Apartments are a virtual time capsule of 1920's style, ripe for repositioning and cosmetic updating to serve the upscale tenant base of the renewed Koreatown community in the heart of Los Angeles. The Richelieu Apartments are an ideal investment opportunity for all renovation-oriented buyers. New ownership has the opportunity to capture a higher-income tenant base and top-of-market rents with a nearly 30% upside (in rents) by extensively renovating the units as the units turn. Located in the heart of the Koreatown neighborhood, just south of Wilshire Boulevard, The Richelieu offers tenants access to major employment centers, and a broad range of entertainment and recreation opportunities accessible by a short walk or drive. With a "Walker's Paradise" Walk Score of 96, the Richelieu Apartments are a short walk (.3 mile) to the Wilshire/Vermont Purple Line Metro Station. Within a short driving distance is Downtown Los Angeles, Los Feliz, Miracle Mile, Hollywood, Silverlake and Glendale.

Los Angeles CA Residential Income for Sale

The Richelieu Apartments, in the heart of the Koreatown neighborhood of Los Angeles, is a 56-unit multifamily building built in 1928. The property is located at 751 S Normandie Avenue and is comprised of a high demand mix of 14 Bachelors, 33 studios, 6 one-bedroom/one-bath apartments, and 3 two-bedroom/one-bath apartments across +/-34,291 square feet of improvements on +/-10,659 square feet of land. The Richelieu Apartments is a 5-story elevator building constructed of brick and stone. Amenities include on-site laundry facilities, elevator, gated controlled access and door-to-door trash pickup.On the market for the first time in almost 30 years, the Richelieu Apartments are a virtual time capsule of 1920's style, ripe for repositioning and cosmetic updating to serve the upscale tenant base of the renewed Koreatown community in the heart of Los Angeles. The Richelieu Apartments are an ideal investment opportunity for all renovation-oriented buyers. New ownership has the opportunity to capture a higher-income tenant base and top-of-market rents with a nearly 30% upside (in rents) by extensively renovating the units as the units turn. Located in the heart of the Koreatown neighborhood, just south of Wilshire Boulevard, The Richelieu offers tenants access to major employment centers, and a broad range of entertainment and recreation opportunities accessible by a short walk or drive. With a "Walker's Paradise" Walk Score of 96, the Richelieu Apartments are a short walk (.3 mile) to the Wilshire/Vermont Purple Line Metro Station. Within a short driving distance is Downtown Los Angeles, Los Feliz, Miracle Mile, Hollywood, Silverlake and Glendale.

Los Angeles CA Residential Income for Sale

The Rodney Apartments, in the up-and-coming Los Feliz neighborhood of Los Angeles, is an 18-unit multi-family building built in 1968. The property is located at 2065 Rodney Avenue and is comprised of (15) fifteen one-bedroom/one-bath units and (3) three two-bedroom/one-bath units across +/- 18,210 gross square feet of improvements on +/- 9,790 square feet of land. Utilities are separately metered for electricity and gas. 7 of the units have been highly upgraded with in unit washer dryers, new flooring, designer kitchens and new bathrooms. The Rodney Apartments are an ideal investment opportunity for all renovation-oriented buyers. As the units turn, it will allow new ownership to immediately renovate, remodel and reposition the property to capture higher-income tenant base and top-of-market rents. One of the most desirable neighborhoods in Los Angeles County, Los Feliz is a charming pocket with a great mix of restaurants, retail, and entertainment. Newly renovated units include new black and white galley kitchens offering lots of counter space, new stainless appliances & dishwasher. Dining rooms opens to balconies. The living room has a huge picture window and offers lots of light. The master is spacious with room for a king size bedroom suite. The bathroom offers a separate shower stall and tub updated white subway tile and marble. New in-unit washers & dryers.

Los Angeles CA Residential Income for Sale

The Rodney Apartments, in the up-and-coming Los Feliz neighborhood of Los Angeles, is an 18-unit multi-family building built in 1968. The property is located at 2065 Rodney Avenue and is comprised of (15) fifteen one-bedroom/one-bath units and (3) three two-bedroom/one-bath units across +/- 18,210 gross square feet of improvements on +/- 9,790 square feet of land. Utilities are separately metered for electricity and gas. 7 of the units have been highly upgraded with in unit washer dryers, new flooring, designer kitchens and new bathrooms. The Rodney Apartments are an ideal investment opportunity for all renovation-oriented buyers. As the units turn, it will allow new ownership to immediately renovate, remodel and reposition the property to capture higher-income tenant base and top-of-market rents. One of the most desirable neighborhoods in Los Angeles County, Los Feliz is a charming pocket with a great mix of restaurants, retail, and entertainment. Newly renovated units include new black and white galley kitchens offering lots of counter space, new stainless appliances & dishwasher. Dining rooms opens to balconies. The living room has a huge picture window and offers lots of light. The master is spacious with room for a king size bedroom suite. The bathroom offers a separate shower stall and tub updated white subway tile and marble. New in-unit washers & dryers.

Glendale CA Residential Income for Sale

We are pleased to present 363 W. Lomita Ave for sale in the heart of Glendale. The property is located on the corner of Columbus and Lomita Avenues and features a triplex with three separate freestanding units with no attached walls. Built in 1922, the three units are comprised of a 3 Bedroom + 2 Bathroom house and two 1 Bedroom + 1 Bathroom units. The total improvements are +/- 2,877 square feet on a +/- 8,867 square foot lot. 363 W. Lomita is perfect for an owner-user who wants to live in the main house, or an investor looking for passive income. The main house will be delivered vacant at the close of escrow. The layouts of the units are very efficient and offer the feel of a single-family home, not an apartment building. Each unit has a private single car garage & driveway, in-unit washer & dryer, and the main house has a private backyard. Second bathroom in the 3 bedroom unit may have been done without permits. The 430 Columbus (1 Bedroom + 1 Bath) is paying $1800 per month and 432 Columbus is paying $1500 per month in rent. The rents on the two occupied units have not been raised since 2019 allowing a new owner to immediately raise rents by 5% + 3.6% (CPI 2021) for a total 8.6% - per the City of Glendale. In addition, rents can be raised thereafter per the State and City guidelines. Buyer to confirm with City that these % are accurate. This is an amazing opportunity for an owner-user or investor who wants to own an A+ Glendale location. Rarely do multi-family properties come available for sale in this location! 363 W Lomita is located within a five-minute walk to the Americana at Brand. This modern complex has transformed the landscape of Glendale and offers shopping, restaurants and a movie theatre. In addition, other retailers and stores are nearby along Brand Blvd and Central Avenue.

Glendale CA Residential Income for Sale

We are pleased to present 363 W. Lomita Ave for sale in the heart of Glendale. The property is located on the corner of Columbus and Lomita Avenues and features a triplex with three separate freestanding units with no attached walls. Built in 1922, the three units are comprised of a 3 Bedroom + 2 Bathroom house and two 1 Bedroom + 1 Bathroom units. The total improvements are +/- 2,877 square feet on a +/- 8,867 square foot lot. 363 W. Lomita is perfect for an owner-user who wants to live in the main house, or an investor looking for passive income. The main house will be delivered vacant at the close of escrow. The layouts of the units are very efficient and offer the feel of a single-family home, not an apartment building. Each unit has a private single car garage & driveway, in-unit washer & dryer, and the main house has a private backyard. Second bathroom in the 3 bedroom unit may have been done without permits. The 430 Columbus (1 Bedroom + 1 Bath) is paying $1800 per month and 432 Columbus is paying $1500 per month in rent. The rents on the two occupied units have not been raised since 2019 allowing a new owner to immediately raise rents by 5% + 3.6% (CPI 2021) for a total 8.6% - per the City of Glendale. In addition, rents can be raised thereafter per the State and City guidelines. Buyer to confirm with City that these % are accurate. This is an amazing opportunity for an owner-user or investor who wants to own an A+ Glendale location. Rarely do multi-family properties come available for sale in this location! 363 W Lomita is located within a five-minute walk to the Americana at Brand. This modern complex has transformed the landscape of Glendale and offers shopping, restaurants and a movie theatre. In addition, other retailers and stores are nearby along Brand Blvd and Central Avenue.

Los Angeles CA Residential Income for Sale

201 S. Occidental Blvd., in the Koreatown neighborhood of Los Angeles, is a 24-unit multifamily building built in 1960. The property offers renters a high-demand mix of 20 one-bed/one-bath and 4 two-bed/two-bath units across 18,738 square feet of improvements on 14,923 square feet of land. The property is fully parked with 23 gated tuck-under spaces. Utilities are separately metered for electricity and gas. 201 S. Occidental Blvd. is an ideal investment opportunity for all renovation-oriented buyers. As the units turn, it will allow new ownership to immediately renovate, remodel and reposition the property to capture a higher-income tenant base and top-of-market rents. The property is on the border of Koreatown, Rampart Village and Silverlake, with the benefit of being close to all three. One street over on S. La Fayette Park Place, there are several large apartment buildings, institutionally-owned, that achieve higher market rents than our projections. This shows that tenants like this location due to its proximity to Koreatown, Hollywood, Silverlake, Echo Park, and Downtown Los Angeles. In Westlake, one of the oldest neighborhoods in Los Angeles, residents enjoy the neighborhood's green space at Lafayette Park and MacArthur Park and easy access to more recreational amenities just north in Griffith Park and nearby attractions including Dodger Stadium and Chinatown. Koreatown is booming with nightlife, eateries, shopping, and multiple metro locations. Quick access to the 101 gives easy access to all parts of the LA basin and Koreatown is ideal if you need to commute to Downtown LA, just three miles southeast.

Los Angeles CA Residential Income for Sale

939 N. Oxford Avenue, in the Melrose Hill neighborhood of Los Angeles, Built in 1956, the property is comprised of six One-Bedroom + One Bath, three Two-Bedroom + One Bath and one Two-Bedroom + Two Bath units across +/- 7,462 gross square feet of improvements on +/- 8,851 square of feet of land. Utilities are separately metered for electricity and gas and features nine parking spaces. This value-add opportunity is ripe for new ownership to immediately renovate, remodel, and reposition the two vacant units, capturing a higher-income tenant base and top-of-market rents. The surrounding area has gentrified with a number of new ground-up development projects completed. Nestled just north of Melrose Ave and east of Western Ave, Oxford is located in very close proximity to Larchmont Village, East Hollywood and Koreatown.

Los Angeles CA Residential Income for Sale

939 N. Oxford Avenue, in the Melrose Hill neighborhood of Los Angeles, Built in 1956, the property is comprised of six One-Bedroom + One Bath, three Two-Bedroom + One Bath and one Two-Bedroom + Two Bath units across +/- 7,462 gross square feet of improvements on +/- 8,851 square of feet of land. Utilities are separately metered for electricity and gas and features nine parking spaces. This value-add opportunity is ripe for new ownership to immediately renovate, remodel, and reposition the two vacant units, capturing a higher-income tenant base and top-of-market rents. The surrounding area has gentrified with a number of new ground-up development projects completed. Nestled just north of Melrose Ave and east of Western Ave, Oxford is located in very close proximity to Larchmont Village, East Hollywood and Koreatown.

Anaheim CA Residential Income for Sale

This offering is for a 50% fee-simple interest in the asset which has an estimated value of $25,000,000. The Belinda Apartments is a 91-unit multifamily asset located at 125 North Belinda Circle in the heart of Anaheim. The property sits at the end of a cul-de-sac and features a unit mix of (51) 1-Bedroom + 1-Bathroom, (18) 2-Bedroom + 1-Bathroom, and (22) 2-Bedroom + 2-Bathroom units. The two-story property was built in 1970 and has +/- 75,544 square feet of improvements on an expansive +/- 132,553 square foot lot. A new Buyer will obtain ownership interest in the existing LLC and benefit from a higher than market yield, proven building track record, low vacancy, blended property tax rate, and a well maintained asset. The building has significant upside in rents which can be captured either through renovation of units as they turn, or slower growth through annual rent increases of 5% + CPI per AB1482.The Belinda Apartments offers residents a wide range of resort like amenities such as: expansive grounds, swimming pool and cabana, barbecues, controlled access, on-site lease office, private patios, efficient layouts, 131parking spaces, and three on-site laundry facilities. Anaheim is most known for its famous main attraction Disneyland, although other prominent employers like Angel Stadium, Anaheim Convention Center, and Kaiser Permanente Medical Center create huge demand for housing. Anaheim is also a big draw from neighboring cities like Buena Park, Orange& Fullerton - also home to large employers.

Anaheim CA Residential Income for Sale

This offering is for a 50% fee-simple interest in the asset which has an estimated value of $25,000,000. The Belinda Apartments is a 91-unit multifamily asset located at 125 North Belinda Circle in the heart of Anaheim. The property sits at the end of a cul-de-sac and features a unit mix of (51) 1-Bedroom + 1-Bathroom, (18) 2-Bedroom + 1-Bathroom, and (22) 2-Bedroom + 2-Bathroom units. The two-story property was built in 1970 and has +/- 75,544 square feet of improvements on an expansive +/- 132,553 square foot lot. A new Buyer will obtain ownership interest in the existing LLC and benefit from a higher than market yield, proven building track record, low vacancy, blended property tax rate, and a well maintained asset. The building has significant upside in rents which can be captured either through renovation of units as they turn, or slower growth through annual rent increases of 5% + CPI per AB1482.The Belinda Apartments offers residents a wide range of resort like amenities such as: expansive grounds, swimming pool and cabana, barbecues, controlled access, on-site lease office, private patios, efficient layouts, 131parking spaces, and three on-site laundry facilities. Anaheim is most known for its famous main attraction Disneyland, although other prominent employers like Angel Stadium, Anaheim Convention Center, and Kaiser Permanente Medical Center create huge demand for housing. Anaheim is also a big draw from neighboring cities like Buena Park, Orange& Fullerton - also home to large employers.

Los Angeles CA Residential Income for Sale

The Del Arms Apartments, in the Pico-Union submarket of Los Angeles. Built in the 1920's, the property features twenty charming studio units with efficient use of space. Located at 1316 S. Mariposa Ave, The Del Arms Apartments is just south of Pico Blvd and east of Normandie Ave. The building features one central water heater and is master-metered for gas and individually metered for electric. The Seller has renovated 13 of the 20 units with newer kitchens, hardwood flooring, bathroom upgrades, modern paint, fixtures and ceiling fans. In addition, the common areas have been modernized with hardwood flooring, paint, lighting and door numbers. The purchaser has the ability to continue to remodel and renovate units to attract higher-paying tenants. Tenants are moving to the Pico Union submarket for its affordability and closeness to Downtown Los Angeles, Koreatown and Mid-City. A Buyer can greatly increase their day-1 cashflow by simply assuming the attractive in-place financing. The in-place debt is $2,389,000 (39% LTV) at a rate of 3.00% (interest only) with a maturity date of March 2nd, 2026. The lender is Greystone Servicing. In the event a Buyer chooses to assume the existing loan, all assumption costs shall be the responsibility of the Buyer.

Los Angeles CA Residential Income for Sale

The Del Arms Apartments, in the Pico-Union submarket of Los Angeles. Built in the 1920's, the property features twenty charming studio units with efficient use of space. Located at 1316 S. Mariposa Ave, The Del Arms Apartments is just south of Pico Blvd and east of Normandie Ave. The building features one central water heater and is master-metered for gas and individually metered for electric. The Seller has renovated 13 of the 20 units with newer kitchens, hardwood flooring, bathroom upgrades, modern paint, fixtures and ceiling fans. In addition, the common areas have been modernized with hardwood flooring, paint, lighting and door numbers. The purchaser has the ability to continue to remodel and renovate units to attract higher-paying tenants. Tenants are moving to the Pico Union submarket for its affordability and closeness to Downtown Los Angeles, Koreatown and Mid-City. A Buyer can greatly increase their day-1 cashflow by simply assuming the attractive in-place financing. The in-place debt is $2,389,000 (39% LTV) at a rate of 3.00% (interest only) with a maturity date of March 2nd, 2026. The lender is Greystone Servicing. In the event a Buyer chooses to assume the existing loan, all assumption costs shall be the responsibility of the Buyer.

North Hills CA Residential Income for Sale

Orion Apartments, located at 8926 Orion Ave. in the North Hills submarket of the San Fernando Valley. On the market for the 1st time in over 30 years, this true value-add opportunity will allow a new Buyer to capture 50+% upside in rents. Built in 1964, the Orion Apartments features a unit mix of 4-1 Bedroom/1 Bath, 11-2 Bedroom/1 Bath, 10-2 Bedroom/1.5 Bath, 9-2 Bedroom/2 Bath and 1-3 Bedroom/2 Bath. The building is individually metered for gas and electric, and has one main water heater that services all units. A mixture of tuck-under and carport parking offers tenants 6 tandem and 26 individual spaces to accommodate a total number of 38 cars. The earthquake retrofit work has been completed. The Los Angeles Housing Department citied the building for plumbing work that was done years ago without a permit. The notice to comply was not corrected within the specified time causing the property to go into REAP. As a result of the citation the building was completely replumbed with all new copper plumbing in 2022. As of June 2022, the property has been taken out of REAP and cleared of all citations. Please contact listing agents for full Offering Memorandum.

North Hills CA Residential Income for Sale

Orion Apartments, located at 8926 Orion Ave. in the North Hills submarket of the San Fernando Valley. On the market for the 1st time in over 30 years, this true value-add opportunity will allow a new Buyer to capture 50+% upside in rents. Built in 1964, the Orion Apartments features a unit mix of 4-1 Bedroom/1 Bath, 11-2 Bedroom/1 Bath, 10-2 Bedroom/1.5 Bath, 9-2 Bedroom/2 Bath and 1-3 Bedroom/2 Bath. The building is individually metered for gas and electric, and has one main water heater that services all units. A mixture of tuck-under and carport parking offers tenants 6 tandem and 26 individual spaces to accommodate a total number of 38 cars. The earthquake retrofit work has been completed. The Los Angeles Housing Department citied the building for plumbing work that was done years ago without a permit. The notice to comply was not corrected within the specified time causing the property to go into REAP. As a result of the citation the building was completely replumbed with all new copper plumbing in 2022. As of June 2022, the property has been taken out of REAP and cleared of all citations. Please contact listing agents for full Offering Memorandum.

Los Angeles CA Residential Income for Sale

860 N Vista St. is a triplex that's perfect for an owner-user looking to live in the massive front house and have rental income from the other two units. Originally built in 1938, the footprint of the improvements is massive at 7,744 SF which is considerably larger than what the City of Los Angeles will allow you to build today on a 7,000 SF lot. This uniqueness of this property is the number of bedrooms in the main house and the size of the large footprint/improvements. The main house is 2-stories and features +/- 6,000 SF of living space with a dining area, multiple family rooms, kitchen, 6 large bedrooms and 5 bathrooms. On the second level there is an additional living room, small kitchen and separate entrance. Inclusive of the main house square footage are Units A & B*. Unit #A* is currently occupied and rented at $1,395/month. This unit was sectioned off and rented as its own space, however, new ownership could potentially add this space back to the main house as either a living room or another bedroom. Unit #B is a smaller 1 Bedroom/1 Bath that is currently vacant. 7416 Willoughby is a 1-bed/1-bath unit that sits above the garages and is rented for $2,150/month. This block of Vista St. has many new ground-up developments of single-family homes selling well north of $4 million dollars - $800 to $1,000 per square foot. Why purchase this property? 1) New houses in the area are 5,000 sq. ft., the main house at 860 N. Vista is 20% larger at +/- 6,000 sq. ft. 2) The price per square foot is very inexpensive at $553 compared to $800 - $1000 3) This property has income from the other two units to help offset expenses with a traditional home a Buyer bears all expenses with no income. The main house could also potentially be used as a Sober Living/Rehab Facility or as a multi-family building.

Los Angeles CA Residential Income for Sale

860 N Vista St. is a triplex that's perfect for an owner-user looking to live in the massive front house and have rental income from the other two units. Originally built in 1938, the footprint of the improvements is massive at 7,744 SF which is considerably larger than what the City of Los Angeles will allow you to build today on a 7,000 SF lot. This uniqueness of this property is the number of bedrooms in the main house and the size of the large footprint/improvements. The main house is 2-stories and features +/- 6,000 SF of living space with a dining area, multiple family rooms, kitchen, 6 large bedrooms and 5 bathrooms. On the second level there is an additional living room, small kitchen and separate entrance. Inclusive of the main house square footage are Units A & B*. Unit #A* is currently occupied and rented at $1,395/month. This unit was sectioned off and rented as its own space, however, new ownership could potentially add this space back to the main house as either a living room or another bedroom. Unit #B is a smaller 1 Bedroom/1 Bath that is currently vacant. 7416 Willoughby is a 1-bed/1-bath unit that sits above the garages and is rented for $2,150/month. This block of Vista St. has many new ground-up developments of single-family homes selling well north of $4 million dollars - $800 to $1,000 per square foot. Why purchase this property? 1) New houses in the area are 5,000 sq. ft., the main house at 860 N. Vista is 20% larger at +/- 6,000 sq. ft. 2) The price per square foot is very inexpensive at $553 compared to $800 - $1000 3) This property has income from the other two units to help offset expenses with a traditional home a Buyer bears all expenses with no income. The main house could also potentially be used as a Sober Living/Rehab Facility or as a multi-family building.

Inglewood CA Residential Income for Sale

The Crenshaw Apartments is a 16-unit apartment building located at 8302 Crenshaw Blvd. in the Morningside Park neighborhood of Inglewood. Built in 1944, the property offers renters a high-demand mix of 14 one-bed/one-bath, and 2 two-bed/two-bath units across 12,832 square feet of improvements on 22,975 square feet of land. The property is in a quiet residential area surrounded by single family homes. The property consists of 4 buildings and has 16 garages, storage units, and one laundry room with two washers and two dryers. Gas and electricity are separately metered and there are two central water heaters. Current ownership has extensively renovated nine of the sixteen units with updated kitchens, bathrooms, hardwood floors, fixtures, ceiling fans, windows, appliances and split system air conditioning units. A Buyer has the opportunity to continue to remodel the remaining seven units as they turn. In addition, plans have been submitted to the City of Inglewood to convert two of the garages into studio ADU units. A Buyer will be responsible to continue the ADU approval process. Inglewood, less than five miles east of LAX and about 11 miles southwest of Downtown Los Angeles is surrounded by four major freeways giving easy access to all parts of the LA basin. Opening soon, the Crenshaw/LAX Transit Project will bring more travel options and access to opportunity around Los Angeles. Aside from its convenient location, Inglewood has plenty to offer residents and visitors alike. SoFi Stadium is an unparalleled sports and entertainment destination built in Inglewood. Inglewood also offers a wide variety of apartments available for rent, from newly constructed luxury apartments to more modest apartments in historic structures.

Inglewood CA Residential Income for Sale

The Crenshaw Apartments is a 16-unit apartment building located at 8302 Crenshaw Blvd. in the Morningside Park neighborhood of Inglewood. Built in 1944, the property offers renters a high-demand mix of 14 one-bed/one-bath, and 2 two-bed/two-bath units across 12,832 square feet of improvements on 22,975 square feet of land. The property is in a quiet residential area surrounded by single family homes. The property consists of 4 buildings and has 16 garages, storage units, and one laundry room with two washers and two dryers. Gas and electricity are separately metered and there are two central water heaters. Current ownership has extensively renovated nine of the sixteen units with updated kitchens, bathrooms, hardwood floors, fixtures, ceiling fans, windows, appliances and split system air conditioning units. A Buyer has the opportunity to continue to remodel the remaining seven units as they turn. In addition, plans have been submitted to the City of Inglewood to convert two of the garages into studio ADU units. A Buyer will be responsible to continue the ADU approval process. Inglewood, less than five miles east of LAX and about 11 miles southwest of Downtown Los Angeles is surrounded by four major freeways giving easy access to all parts of the LA basin. Opening soon, the Crenshaw/LAX Transit Project will bring more travel options and access to opportunity around Los Angeles. Aside from its convenient location, Inglewood has plenty to offer residents and visitors alike. SoFi Stadium is an unparalleled sports and entertainment destination built in Inglewood. Inglewood also offers a wide variety of apartments available for rent, from newly constructed luxury apartments to more modest apartments in historic structures.

Los Angeles CA Residential Income for Sale

Presenting 427 S. Bonnie Brae Street for sale, in the Westlake submarket of Los Angeles. Bonnie Brae Apartments was constructed in 1961 with 3 floors of apartments over an on-grade parking garage with access from both the front and back of the building. At first impression when walking through the property, it's evident that the building was well built and has good bones. Located on Bonnie Brae St. just north of 6th Street, with Alvarado Blvd. to the West and Union Ave. to the East, the property features 36 apartment units. The unit mix is comprised of 10 studios, 23 1-bed/1-bath units, and 3 2-bed/2-bath units. The improvements are 25,680 square feet, offering tenants large and spacious units. The front of the property is inviting and has an excellent street presence, leading to a secured access lobby and intercom system. Just past the lobby is a large, open-air courtyard that can lend itself to many uses such as; lower units facing the courtyard can have their own private patios, refurbishing of pool, large deck with seating, tranquil water features, or a kid's playground.The of the major benefits of this property is the attractive in-place financing that can be assumed. At 4.04% interest only fixed until December 2027, new ownership will achieve a 6.75% cash-on-cash return day-1. The total yearly debt service is $139,704 in comparison to current rates at 5.90% which would be $204,022 - a difference of $64,318 per year. Over the remaining life of the loan new ownership will save $289,431. The loan to value is a little higher for the initial term, however, by factoring in the debt savings the LTV is in line with today's market. In addition, a Buyer will also have a lower principal balance in December 2027 when it comes time to refinance.

Huntington Park CA Residential Income for Sale

We are pleased to present for sale, The Clarendon, a twenty-two-unit apartment building in the Huntington Park submarket of Los Angeles. Located on a quiet residential street comprised of mostly single-family homes, the property is a charming, center-courtyard, walk-up. Built in 1964, The Clarendon features a unit mix of twelve studios, two 1-bedroom/1-bath, three 2-bedroom/1-bath, and a four-bedroom/2-bath house. Recently completed in 2022 was the addition of four additional units comprised of one 2-bedroom/1-bath, two 2-bedroom/2-bath and one three-bedroom/two-bath. The additional units are master metered for both gas and electric. Why buy in Huntington Park? Unlike the City of Los Angeles, Huntington Park currently allows for rent increases of 5% + CPI, which is equivalent to 10%. The City of Los Angeles has not allowed rent increases since 2019 and increases on rent-controlled buildings are generally capped at no more than 4%. By allowing higher rent increases Huntington Park gives landlords great flexibility in achieving rents that are closer to market, which is especially beneficial during high inflationary periods. Another benefit is the utility costs are considerably lower in comparison to the City of Los Angeles. New ownership can continue to improve the asset by renovating units as they become vacant, implementing RUBS to recapture utility costs, replacing the leased laundry machines with landlord owned, and continue to give the below market tenants annual rent increases.

Sherman Oaks CA Residential Income for Sale

This 8-unit, prime value-add property is located North of Ventura Blvd in the highly desirable Sherman Oaks neighborhood, adjacent to Studio City, Valley Glen, and Valley Village. 4556 Vista Del Monte Ave comprises eight 1-bedroom + 1-bathroom units, a total living area of 5,782 sqft, and is situated on an LAR3 Zoned 6,248 sqft lot. This offering presents a rare opportunity for investors to acquire an excellently located apartment building to reposition and upgrade to obtain market premium rents to stabilize at a 5.7%+ Cap rate | 12.9 GRM with the potential to scale and reduce expenses to achieve an even higher rate of return.Investors seeking an asset to employ a value-add strategy can promptly reposition the asset and achieve a higher yield. Four vacant units will allow investors to decide on their own finishes and styles and set market rents. The units are all separately metered for electricity and gas, and the property has a shared laundry room (leased machines). There are 8 tuck-under carport spaces providing easy access for tenants, as well as a private terrace overlooking Hortense St for tenants to use as a common area. With an excellent walk score of 84, this area of Sherman Oaks is a paradise for pedestrians. You can leave your car parked and take a walk down Ventura Blvd to enjoy the city's vibrant atmosphere with plenty of dining, shopping, and employment opportunities nearby. There is also easy access to public transportation and parking, which enables residents to get to offices and businesses nearby with shorter commute times to Studio City, DTLA, and Hollywood.

Redondo Beach CA Residential Income for Sale

We are pleased to present for sale, 110 Paseo De La Concha, located just steps away from the beach. First time on the market in over 30 years, this value-add property is the quintessential pride of ownership for rentals, or an opportunity for an owner-user looking occupy a unit. The building features four units, two 1 Bedroom/1 Bath and two 2 Bedroom/1 Bath. The square footage of the improvements is +/- 3,612, and the building sits on a large +/- 8,672 square foot lot. Paseo De La Concha sits on the border between Redondo Beach and Torrance southernmost part of Redondo Beach is a block north. While the physical address of the property is Redondo Beach, the property is in the City of Torrance. Tenants of 110 Paseo De La Concha get the benefit of the amenities that both cities offer. The property has been well-maintained, however, current ownership has owned Paseo De La Concha for over three decades and hasn't repositioned or renovated the property to suit the demand for luxury units. New ownership can also explore other income generating options such as vacation rentals or adding ADU units.

Redondo Beach CA Residential Income for Sale

We are pleased to present for sale, 110 Paseo De La Concha, located just steps away from the beach. First time on the market in over 30 years, this value-add property is the quintessential pride of ownership for rentals, or an opportunity for an owner-user looking occupy a unit. The building features four units, two 1 Bedroom/1 Bath and two 2 Bedroom/1 Bath. The square footage of the improvements is +/- 3,612, and the building sits on a large +/- 8,672 square foot lot. Paseo De La Concha sits on the border between Redondo Beach and Torrance southernmost part of Redondo Beach is a block north. While the physical address of the property is Redondo Beach, the property is in the City of Torrance. Tenants of 110 Paseo De La Concha get the benefit of the amenities that both cities offer. The property has been well-maintained, however, current ownership has owned Paseo De La Concha for over three decades and hasn't repositioned or renovated the property to suit the demand for luxury units. New ownership can also explore other income generating options such as vacation rentals or adding ADU units.

Glendale CA Residential Income for Sale

We are is pleased to present for sale, 1240 Orange Grove Ave, located in the City of Glendale. First time on the market in over 40 years, this duplex features a detached single-family residence with three bedrooms and one and half baths, and a one bedroom and one bath unit over the carport parking. The single-family residence is approximately 1300 square feet, and the one bedroom is approximately 700 square feet. Orange Grove Ave is located on a quiet street with a mix of homes and apartment buildings, just north of Colorado Blvd and east of Chevy Chase Drive. The property is centrally located and close to supermarkets, restaurants, shopping, and entertainment. Orange Grove Ave has been in the same family for over 40+ years and was constructed by the Sellers parents. The property has been well maintained; however, a new Buyer might consider making some minor improvements to modernize the house. This property is perfect for either an investor looking for cash-flow or a someone looking to live in the single-family home. The home will be delivered vacant.

Glendale CA Residential Income for Sale

We are is pleased to present for sale, 1240 Orange Grove Ave, located in the City of Glendale. First time on the market in over 40 years, this duplex features a detached single-family residence with three bedrooms and one and half baths, and a one bedroom and one bath unit over the carport parking. The single-family residence is approximately 1300 square feet, and the one bedroom is approximately 700 square feet. Orange Grove Ave is located on a quiet street with a mix of homes and apartment buildings, just north of Colorado Blvd and east of Chevy Chase Drive. The property is centrally located and close to supermarkets, restaurants, shopping, and entertainment. Orange Grove Ave has been in the same family for over 40+ years and was constructed by the Sellers parents. The property has been well maintained; however, a new Buyer might consider making some minor improvements to modernize the house. This property is perfect for either an investor looking for cash-flow or a someone looking to live in the single-family home. The home will be delivered vacant.

Beverly Hills CA Commercial Sale for Sale

We proudly present 8913 Olympic Boulevard, a charming office building in Beverly Hills. On the market for the first time in 60 years, this two-story low-rise building was built in 1955 and is located in an excellent location. It is comprised of eight large suites totaling 6,088 Sq. Ft (5,747 sq. ft. of rentable area),18 parking spaces, on a 6,001 Sq. Ft. Lot. The property qualifies for the City of Beverly Hills Medical conversion use ordinance (22-0-2864) which gives any new owner user or investor tremendous value. Each floor has two restrooms and there is ample space to put in an elevator. All of the suites, expect for one, are on month-to-month leases allowing a new Buyer to immediately reposition or occupy the building. THE OPPORTUNITY - With limited inventory in Beverly Hills, 8913 Olympic is a unique opportunity to purchase an office building in a world-renowned location. Beverly Hills continues to be the most sought after city to own real estate in. Business owners, doctors, dentists, attorneys, and other professionals can now own and operate their business from a building they own.

Beverly Hills CA Commercial Sale for Sale

We proudly present 8913 Olympic Boulevard, a charming office building in Beverly Hills. On the market for the first time in 60 years, this two-story low-rise building was built in 1955 and is located in an excellent location. It is comprised of eight large suites totaling 6,088 Sq. Ft (5,747 sq. ft. of rentable area),18 parking spaces, on a 6,001 Sq. Ft. Lot. The property qualifies for the City of Beverly Hills Medical conversion use ordinance (22-0-2864) which gives any new owner user or investor tremendous value. Each floor has two restrooms and there is ample space to put in an elevator.All of the suites, expect for one, are on month-to-month leases allowing a new Buyer to immediately reposition or occupy the building.THE OPPORTUNITY - With limited inventory in Beverly Hills, 8913 Olympic is a unique opportunity to purchase an office building in a world-renowned location. Beverly Hills continues to be the most sought after city to own real estate in. Business owners, doctors, dentists, attorneys, and other professionals can now own and operate their business from a building they own.

Pasadena CA Residential Income for Sale

This charming southern style property is located at 777 N. Los Robles Ave. and is comprised of 11 apartment units (one unit is non-conforming) across 6,138 square feet of improvements on 14,061 square feet of land.Built in 1910 of wood-frame stucco, the property boasts an excellent mix made up of 2 Studios, 7 One-Bed / One-Bath and 2 Two-Bed / One-Bath unit. The building is master metered for electricity, gas, water and sewer, and has one main water heater that services all units. The property comes with 10 single parking spaces and is conveniently located at the back of the building. With its inviting early 1900's design and lush landscaping, Los Robles offers a distinctive curb appeal to prospective tenants, and hints at the allure of the building's interiors. The property is gated and has secured access.

Santa Monica CA Residential Income for Sale

Very rare opportunity to own an income property in the unrivaled Montana Avenue location. First time on the market in over 40 years. Just blocks away from world-class shops, restaurants & schools on Montana Avenue and minutes to Brentwood Country Mart, the Riviera and Brentwood Country Clubs and of course, the famous Santa Monica Beach. This true value-add opportunity consists of two separate structures on a corner lot. The front building, 2214 Montana Avenue is a two story duplex (Units A & B) with two spacious one bedroom one bath units, the upstairs unit will be delivered vacant and the downstairs unit is tenant occupied. Built in 2000, the rear building is a huge three bedroom-three bath townhome with two balconies and a roof top deck with an outstanding view possibly of Santa Monica Bay. The property is the perfect for either an owner-user or investor looking for an A+ Santa Monica location.Santa Monica is a beachfront city with an enviable climate and location. Santa Monica is conveniently located right in between the eclectic Venice Beach and the glamourous white sand beaches of Malibu, drawing millions of visitors every year. With Santa Monica's laidback vibe and plentiful amenities, it's easy to see why prospective tenants are looking for apartments and condos in the area. Of course, the Santa Monica State Beach is the heart of the city, anchoring major attractions and local hotspots

Santa Monica CA Residential Income for Sale

Very rare opportunity to own an income property in the unrivaled Montana Avenue location. First time on the market in over 40 years. Just blocks away from world-class shops, restaurants & schools on Montana Avenue and minutes to Brentwood Country Mart, the Riviera and Brentwood Country Clubs and of course, the famous Santa Monica Beach. This true value-add opportunity consists of two separate structures on a corner lot. The front building, 2214 Montana Avenue is a two story duplex (Units A & B) with two spacious one bedroom one bath units, the upstairs unit will be delivered vacant and the downstairs unit is tenant occupied. Built in 2000, the rear building is a huge three bedroom-three bath townhome with two balconies and a roof top deck with an outstanding view possibly of Santa Monica Bay. The property is the perfect for either an owner-user or investor looking for an A+ Santa Monica location.Santa Monica is a beachfront city with an enviable climate and location. Santa Monica is conveniently located right in between the eclectic Venice Beach and the glamourous white sand beaches of Malibu, drawing millions of visitors every year. With Santa Monica's laidback vibe and plentiful amenities, it's easy to see why prospective tenants are looking for apartments and condos in the area. Of course, the Santa Monica State Beach is the heart of the city, anchoring major attractions and local hotspots

Los Angeles CA Residential Income for Sale

The Manhattan, an 18-unitapartment building located in the Melrose Hill submarket of Los Angeles. First time on the market in over 50 years, this value-add asset has been well maintained but never been completely remodeled. The Manhattan features an excellent unit mix of seven 1 Bedroom/1 Baths and eleven 2 Bedroom/1Baths. Built in 1953, the square footage of the improvements is 12,476 and sits on a 12,494 square foot lot. The Manhattan is a charming two-story walk-up with an airy courtyard that allows access to all the units. The property has 9 on-grade garage parking spaces and is individually metered for both gas and electric.

Los Angeles CA Residential Income for Sale

The Manhattan, an 18-unitapartment building located in the Melrose Hill submarket of Los Angeles. First time on the market in over 50 years, this value-add asset has been well maintained but never been completely remodeled. The Manhattan features an excellent unit mix of seven 1 Bedroom/1 Baths and eleven 2 Bedroom/1Baths. Built in 1953, the square footage of the improvements is 12,476 and sits on a 12,494 square foot lot. The Manhattan is a charming two-story walk-up with an airy courtyard that allows access to all the units. The property has 9 on-grade garage parking spaces and is individually metered for both gas and electric.

Beverly Hills CA Residential Income for Sale

As exclusive advisors, we are pleased to present 215 South Elm Drive, an 8-Unit apartment building built in 1932 and located in the heart of Beverly Hills. This charming Beverly Hills architectural asset features a two-story center hall layout with Eight (8) One Bedroom & One Bathroom apartment homes. These high-demand, well-proportioned interiors have historically facilitated high resident retention and low vacancy rates. For the incoming Buyer, the offering presents an exceptional long term opportunity to achieve market rents and a long-term value proposition though improved operations, unit attrition and interior updates. A recent neighborhood rental survey of One Bed / One Bath units shows nearby properties capture very strong rents of approx. $3,000 per month vs. the average of $2,243 per month at 215 South Elm Drive. It is estimated that there is long-term rental upside estimated at 20-25%, leaving plenty room to create a meaningful return on investment. The building amenities include secured entry, center hallway layout, common area laundry, and carport parking for 5 vehicles. Utilities are separately metered for gas and electrical. THE INTERIOR UNITS215 South Elm Drive features Eight (8) spacious One-Bedroom units pf approx. +/- 700 square feet and featuring a myriad of classic vintage finishes along with modern upgrades. In the recent past, all eight apartment homes have been nicely renovated most feature NEW kitchens and NEW Baths with wood flooring, 3-panel doors, arched ceilings, ornate fixtures, large closets with mirrored doors, and a substantial appliance package with a dishwasher, refrigerator, stove and microwave. Each of the eight units has been extensively remodeled COMMON AREAS & BUILDING AMENITIESThe common areas are replete with classic original wood flooring, 1930's hardware, arched molding, ornate iron work, large skylights, antique lighting, common area laundry, and central boiler. Utilities are separately metered for gas & electrical. Covered carport parking is provided for 5 vehicles and is situated in the rear of the property, accessible through the alleyway that runs from Gregory Way and Charleville Blvd. Contact listing agents for complete offering memorandum.

Beverly Hills CA Residential Income for Sale

As exclusive advisors, we are pleased to present 215 South Elm Drive, an 8-Unit apartment building built in 1932 and located in the heart of Beverly Hills. This charming Beverly Hills architectural asset features a two-story center hall layout with Eight (8) One Bedroom & One Bathroom apartment homes. These high-demand, well-proportioned interiors have historically facilitated high resident retention and low vacancy rates. For the incoming Buyer, the offering presents an exceptional long term opportunity to achieve market rents and a long-term value proposition though improved operations, unit attrition and interior updates. A recent neighborhood rental survey of One Bed / One Bath units shows nearby properties capture very strong rents of approx. $3,000 per month vs. the average of $2,243 per month at 215 South Elm Drive. It is estimated that there is long-term rental upside estimated at 20-25%, leaving plenty room to create a meaningful return on investment. The building amenities include secured entry, center hallway layout, common area laundry, and carport parking for 5 vehicles. Utilities are separately metered for gas and electrical. THE INTERIOR UNITS215 South Elm Drive features Eight (8) spacious One-Bedroom units pf approx. +/- 700 square feet and featuring a myriad of classic vintage finishes along with modern upgrades. In the recent past, all eight apartment homes have been nicely renovated most feature NEW kitchens and NEW Baths with wood flooring, 3-panel doors, arched ceilings, ornate fixtures, large closets with mirrored doors, and a substantial appliance package with a dishwasher, refrigerator, stove and microwave. Each of the eight units has been extensively remodeled COMMON AREAS & BUILDING AMENITIESThe common areas are replete with classic original wood flooring, 1930's hardware, arched molding, ornate iron work, large skylights, antique lighting, common area laundry, and central boiler. Utilities are separately metered for gas & electrical. Covered carport parking is provided for 5 vehicles and is situated in the rear of the property, accessible through the alleyway that runs from Gregory Way and Charleville Blvd. Contact listing agents for complete offering memorandum.

Los Angeles CA Home for Sale

For the first time in half a century, a unique opportunity has arisen in the heart of Mar Vista. This "heavy fixer" property, held within the same family for 50 years, offers a rare chance to dive into a transformational project in a sought-after neighborhood. While it requires significant renovation, its untouched nature serves as a blank canvas for developers, investors or end users. Boasting a prime location, this 3-bedroom, 2-bath home spans 1,213 sq. ft. on a 5,594 sq. ft. lot. With original structural details, it presents an unparalleled opportunity to either restore its mid-century charm or craft a new masterpiece. It's located within minutes of Venice, Santa Monica, and Culver City and is within a short distance to the Penmar Golf Course, as well as a multitude of high-end shopping and restaurants.

Los Angeles CA Residential Income for Sale

We are pleased to present the opportunity to acquire a value-add multifamily property located in the West Hollywood/Hollywood submarket of Los Angeles. This charming property is located at 1424 N. Poinsettia Place and is comprised of 24 units across +/- 22,251 square feet of improvements and +/- 12,632 square feet of land. The Poinsettia Place Apartments is conveniently located on Poinsettia Place, just south of Sunset Blvd., between La Brea Ave. and Martel Ave., north of Fountain Ave. Built in 1965, the property is made up of 12 One-Bedroom / One-Bath units, and 12 Two-Bedroom / Two-Bath units. The quiet and picturesque street makes the building highly desirable to potential tenants. The building is individually metered for electricity and master metered for water and gas for the central water heater. Ample 40 space covered parking is accessed via gated entry. Great location in Los Angeles borders West Hollywood. Tenants can easily enjoy all of the work, dining, and entertainment opportunities nearby. The new ownership can renovate, remodel and reposition units as the units turn capturing a higher-income tenant base and top-of-market rents. The surrounding area has gentrified with a number of nearby hotel renovations and development projects completed. Please contact agents for full offering memorandum.

Los Angeles CA Residential Income for Sale

We are pleased to present the opportunity to acquire a value-add multifamily property located in the West Hollywood/Hollywood submarket of Los Angeles. This charming property is located at 1424 N. Poinsettia Place and is comprised of 24 units across +/- 22,251 square feet of improvements and +/- 12,632 square feet of land. The Poinsettia Place Apartments is conveniently located on Poinsettia Place, just south of Sunset Blvd., between La Brea Ave. and Martel Ave., north of Fountain Ave. Built in 1965, the property is made up of 12 One-Bedroom / One-Bath units, and 12 Two-Bedroom / Two-Bath units. The quiet and picturesque street makes the building highly desirable to potential tenants. The building is individually metered for electricity and master metered for water and gas for the central water heater. Ample 40 space covered parking is accessed via gated entry.Great location in Los Angeles borders West Hollywood. Tenants can easily enjoy all of the work, dining, and entertainment opportunities nearby. The new ownership can renovate, remodel and reposition units as the units turn capturing a higher-income tenant base and top-of-market rents. The surrounding area has gentrified with a number of nearby hotel renovations and development projects completed. Please contact agents for full offering memorandum.

Van Nuys CA Residential Income for Sale

The Ivy at Woodman Apartments, located in the Valley Glen neighborhood of the San Fernando Valley, is a 23-unit multi-family building built in 1964. And beautifully renovated in 2022. This property is located at 6958 Woodman Ave. and is comprised of two studio, three one-bedroom/one-bath, one one-bedroom/one and a half-bath, twelve two-bedroom/one and a half-bath, four two-bedroom/two-bath, and one three-bedroom/two-bath units across +/- 22,211 gross square feet of improvements on +/- 18,795 square feet of land. Utilities are separately metered for electricity and gas. The property also features 23 covered parking space. This stunning turn-key opportunity has been remodeled with high end finishes and has a modern and luxurious feel. Unique to this building is that 14 of the units are townhouses, offering tenants more space and privacy. This continues to add to its long list of desirable features. Neighboring multi-family projects add value to the surrounding buildings, and position the property to capture top of market rents and higher income tenant base. The charming Mid-Century design, resort-style feel, and location are already major draws for The Ivy at Woodman Apartments. Additional drivers leading to the high rents being achieved include the elevated level of renovation and use of designer touches. The renovated units feature new hardwood floors, kitchen cabinets, counter tops, stainless-steel appliances, designer tiles, fixtures, and lighting. The bathrooms have been updated with modern vanities, tiles, and hardware. Tranquil courtyard areas and pool continue to add to the allure of this asset. Located on the southeast corner of Woodman Ave. and Hart St. West of the 170 freeway, south of Sherman Way, east of Hazeltine Ave., and north of Vanowen St. This prime location offers easy access to the freeway and proximity to many of the Valley's amenities make this highly desirable to many tenants. Please get in touch with the listing agents for a full marketing package.

Van Nuys CA Residential Income for Sale

The Ivy at Woodman Apartments, located in the Valley Glen neighborhood of the San Fernando Valley, is a 23-unit multi-family building built in 1964. And beautifully renovated in 2022. This property is located at 6958 Woodman Ave. and is comprised of two studio, three one-bedroom/one-bath, one one-bedroom/one and a half-bath, twelve two-bedroom/one and a half-bath, four two-bedroom/two-bath, and one three-bedroom/two-bath units across +/- 22,211 gross square feet of improvements on +/- 18,795 square feet of land. Utilities are separately metered for electricity and gas. The property also features 23 covered parking space. This stunning turn-key opportunity has been remodeled with high end finishes and has a modern and luxurious feel. Unique to this building is that 14 of the units are townhouses, offering tenants more space and privacy. This continues to add to its long list of desirable features. Neighboring multi-family projects add value to the surrounding buildings, and position the property to capture top of market rents and higher income tenant base. The charming Mid-Century design, resort-style feel, and location are already major draws for The Ivy at Woodman Apartments. Additional drivers leading to the high rents being achieved include the elevated level of renovation and use of designer touches. The renovated units feature new hardwood floors, kitchen cabinets, counter tops, stainless-steel appliances, designer tiles, fixtures, and lighting. The bathrooms have been updated with modern vanities, tiles, and hardware. Tranquil courtyard areas and pool continue to add to the allure of this asset. Located on the southeast corner of Woodman Ave. and Hart St. West of the 170 freeway, south of Sherman Way, east of Hazeltine Ave., and north of Vanowen St. This prime location offers easy access to the freeway and proximity to many of the Valley's amenities make this highly desirable to many tenants. Please get in touch with the listing agents for a full marketing package.

Los Angeles CA Residential Income for Sale

Habitat Apartments is a 19-unit apartment building located at 514 S. Mariposa Ave in the highly desirable Koreatown neighborhood of Los Angeles. Built in 1960, the property offers renters a high demand unit mix of 2 studios and 17 one-bedroom units across +/- 12,294 square feet of improvements on +/- 11,250 square feet of land. The thoughtfully maintained property features 12 extensively renovated units featuring new hardwood floors, kitchen cabinets, countertops, stainless steel appliances, designer tiles, fixtures, and lighting. The bathrooms have been updated with modern vanities and tile, bathtubs, and hardware. In addition, the units have new vinyl windows and either wall or split system air-conditioning units. New ownership can continue to capture an additional +/- 26% upside in rents through comprehensive renovations of the remaining unit interiors. The charming Mid-Century design, location, and resort-style feel, are major draws for tenants at the Habitat Apartments. Additional drivers leading to the historically high rents being achieved at Habitat include the elevated level of renovations and designer touches. Tenants have proven they are willing to pay more for a premium product which exceeds the level of detail found at competing properties. The building has 19 tuck-under parking spaces and one laundry room. Utilities are separately metered for electricity and gas, and there is one central water heater. Located in the heart of the Koreatown neighborhood, just east of Normandie Ave, and north of Wilshire Blvd, Habitat Apartments offers tenants access to major employment centers and a broad range of entertainment and recreation opportunities, all within a short walk. The Wilshire/Normandie Purple Line is a few-minute walk from Habitat.

Los Angeles CA Residential Income for Sale

Las Casitas is a 5-unit apartment building at 743 N. Occidental Blvd. in the desirable Silverlake neighborhood of Los Angeles. Extensively renovated in2023, the property offers renters a high-demand mix of two 1-bedroom/1bath, one2-bedroom/1-bath, andtwo3-bedroom/2-bath units across 3,560 square feet of improvements on7,100 square feet (0.16acres) of land. Las Casitas is a 1920s Spanish house with four separate bungalows that give tenants the feel of a home. Originally built in 1927, the units were taken down to the studs in 2023 and rebuilt with new hardwood floors, kitchen cabinets, countertops, stainless steel appliances, designer tiles, fixtures, and lighting. The bathrooms have been updated with modern vanities, tiles, bathtubs, and hardware. The units have new windows, split system conditioning units, and in-unit washers and dryers. In addition, the building has copper plumbing, new electrical system & wiring, exterior paint and landscaping. The charming Spanish architecture, resort-style feel, and location are major draws for Las Casitas. Additional drivers leading to the high rents being achieved include the elevated renovation level and designer touches. Tenants have proven they are willing to pay more for a premiumproduct which far exceeds the level of detail found at competing properties. Utilities are separately metered for electricity and gas, and each unit has an individual water heater. Las Casitas is the perfect opportunity for investor looking for a high yield, excellent location, and a turn-key asset.

Los Angeles CA Residential Income for Sale

Las Casitas is a 5-unit apartment building at 743 N. Occidental Blvd. in the desirable Silverlake neighborhood of Los Angeles. Extensively renovated in2023, the property offers renters a high-demand mix of two 1-bedroom/1bath, one2-bedroom/1-bath, andtwo3-bedroom/2-bath units across 3,560 square feet of improvements on7,100 square feet (0.16acres) of land. Las Casitas is a 1920s Spanish house with four separate bungalows that give tenants the feel of a home. Originally built in 1927, the units were taken down to the studs in 2023 and rebuilt with new hardwood floors, kitchen cabinets, countertops, stainless steel appliances, designer tiles, fixtures, and lighting. The bathrooms have been updated with modern vanities, tiles, bathtubs, and hardware. The units have new windows, split system conditioning units, and in-unit washers and dryers. In addition, the building has copper plumbing, new electrical system & wiring, exterior paint and landscaping. The charming Spanish architecture, resort-style feel, and location are major draws for Las Casitas. Additional drivers leading to the high rents being achieved include the elevated renovation level and designer touches. Tenants have proven they are willing to pay more for a premiumproduct which far exceeds the level of detail found at competing properties. Utilities are separately metered for electricity and gas, and each unit has an individual water heater. Las Casitas is the perfect opportunity for investor looking for a high yield, excellent location, and a turn-key asset.

West Hollywood CA for Rent

Pictures are of the actual fully furnished apartment. PRIME location in charming and quaint Norma Triangle neighborhood of WeHo! Located between the world famous Sunset Strip and all the restaurants and nightlife on Santa Monica Blvd. 4 blocks east of the "Flats" of Beverly Hills. Huge open and airy one bedroom with tons of natural light. Utilities, cable and Wifi are included in the rent. One year lease required.

West Hollywood CA for Rent

Pictures are of the actual fully furnished apartment. PRIME location in charming and quaint Norma Triangle neighborhood of WeHo! Located between the world famous Sunset Strip and all the restaurants and nightlife on Santa Monica Blvd. 4 blocks east of the "Flats" of Beverly Hills. Huge open and airy one bedroom with tons of natural light. Utilities, cable and Wifi are included in the rent. One year lease required.

West Hollywood CA for Rent

Pictures are of the actual fully furnished apartment. PRIME location in charming and quaint Norma Triangle neighborhood of WeHo! Located between the world famous Sunset Strip and all the restaurants and nightlife on Santa Monica Blvd. 4 blocks east of the "Flats" of Beverly Hills. Huge open and airy one bedroom with tons of natural light. This unit includes The Mirror interactive fitness system. Utilities, cable and Wifi are included in the rent. One year lease required.

West Hollywood CA for Rent

Pictures are of the actual fully furnished apartment. PRIME location in charming and quaint Norma Triangle neighborhood of WeHo! Located between the world famous Sunset Strip and all the restaurants and nightlife on Santa Monica Blvd. 4 blocks east of the "Flats" of Beverly Hills. Huge open and airy one bedroom with tons of natural light. This unit includes The Mirror interactive fitness system. Utilities, cable and Wifi are included in the rent. One year lease required.

West Hollywood CA for Rent

Pictures are of the actual fully furnished apartment. PRIME location in charming and quaint Norma Triangle neighborhood of WeHo! Located between the world famous Sunset Strip and all the restaurants and nightlife on Santa Monica Blvd. 4 blocks east of the "Flats" of Beverly Hills. Huge open and airy one bedroom with tons of natural light. Utilities, cable and Wifi are included in the rent. One year lease required.

West Hollywood CA for Rent

Pictures are of the actual fully furnished apartment. PRIME location in charming and quaint Norma Triangle neighborhood of WeHo! Located between the world famous Sunset Strip and all the restaurants and nightlife on Santa Monica Blvd. 4 blocks east of the "Flats" of Beverly Hills. Huge open and airy one bedroom with tons of natural light. Utilities, cable and Wifi are included in the rent. One year lease required.

Los Angeles CA Residential Income for Sale

We are pleased to present for sale, the epitome of urban living in the Koreatown/Westlake submarket of Los Angeles. The La Fayette Garden Apartments is a 15-unit true-value add building rip for new ownership to renovate and reposition the asset to suit the surrounding area. This wide, tree lined street, is known to be a premier location with the many meticulously renovated buildings owned by some of the largest institutional investors. Owners on La Fayette has historically achieved significantly higher rents than other streets within this submarket because of its charm. La Fayette Gardens features a unit mix of 6 studios and 9 one bedroom/one bath units across +/- 10,340 square feet of improvements on a +/- 10,981 square foot lot. The property is listed at $160,000 per unit which far below what other properties in the area trade for. This gives a buyer cushion to execute their business plan of turning units, renovate and reposition, and the ability to achieve market rents. Other properties on La Fayette that benefit from extensive renovations proves that renters are willing to pay for a superior product on this premier street. The property has a rear parking lot with 12 individual spaces, is individually metered for electricity, master metered for water and sewer, and individually metered for gas (each unit has their own individual water heater). This is a true value-add opportunity with a low cost per unit and square foot, and the ability to add tremendous amount of value. Please contact listing agents for full offering memorandum.

Los Angeles CA Residential Income for Sale

We are pleased to present for sale, Coronado Apartments, a 21-unit property located in the Westlake / Mac Arthur Park submarket of Los Angeles. Built in 1926 of reinforced brick, the unit mix consists of one bachelor, sixteen studios and four 1 bedroom/1 bath units across +/- 12,472 square feet of improvements. The property is listed at attractive metrics of $114,286 per unit, $193 per square foot, 6.29% cap rate on current rents and a 8.6 GRM. Additionally, the building has significant upside in rents to proforma of a 8.48% cap rate and a 7.03 GRM. Coronado Apartments is located east of Rampart Blvd and south on Beverly Blvd, on a quiet block with a number of single-family homes. The property is individually metered for both gas and electric and features four single parking spaces.

Los Angeles CA Residential Income for Sale

We are pleased to present Alcott Apartments 1st time on the market in 70 years! Located in the Pico Robertson/Carthay submarket in Los Angeles, 6107 Alcott Street was constructed in 1928 as a 6-unit apartment building, however in 1930 the original owners elected to combine the two units over the garages making one larger unit. The property currently operates as its original configuration of six units but is legally five. Alcott Apartments is located on a quiet, low density, residential street with primarily apartment buildings built in the 1920's. The front building is comprised of four large one bedroom/one bath units that are +/- 1000 square feet each and feature a formal living room, dining room, kitchen, and laundry room with in-unit washer and dryer. Potential value-add for a new ownership could be to convert these units into two bedrooms. The rear building features two studio units that are +/- 400 square feet and have full kitchens. The entire rear structure is a legal unit, however, one unit was subdivided into two. New ownership can add value by potentially converting it back to the original six units. The rear two units are master metered for both gas and electric. The area immediately surrounding Alcott Apartments is booming with ground up development. Recently completed is City View's The Park LA which features 123 apartment units with ground-floor retail at 5935 W. Pico Blvd, Wiseman Residential's project at 6055 W. Pico Blvd with 125 apartment units, Olive Point's 122-unit project at 5903 W. Pico Blvd, and Ikon's 48-unit apartment building at 6001 W. Pico Blvd. This is the 1st time the Alcott Apartments has been on the market in over 70 years! Please contact listing agents for full offering memorandum.

Los Angeles CA Residential Income for Sale

We are pleased to present for sale, The Ambassador Apartments, located at 724 S. Mariposa Ave. This prime Koreatown location is just south of Wilshire BLVD and east of Normandie Ave, offering easy access to the Wilshire/Normandie Metro Station, restaurants, shopping, and entertainment. Ambassador Apartments features 40 units with eight Bachelors, twenty-four Studios, and eight 1 Bedroom/ 1 Bath units. The property has a subterranean parking garage with 20 individual parking spaces. Utilities are master metered for both gas and electric, with one central water heater. The roof was completely replaced, down to the plywood, in 2020. Ambassador Apartments was built in 1930 and is brick construction. This is a great opportunity to acquire Ambassador Apartments with an in-place Cap Rate of 7.11% and a 7.24 GRM, with upside to a 8.35% Cap Rate and a 7.09 GRM. The price per unit is $125,000 per unit and $206 per square foot.

West Hollywood CA for Rent

West Hollywood CA for Rent

Pictures are of the actual fully furnished apartment. PRIME location in charming and quaint Norma Triangle neighborhood of WeHo! Located between the world famous Sunset Strip and all the restaurants and nightlife on Santa Monica Blvd. 4 blocks east of the "Flats" of Beverly Hills. Huge open and airy one bedroom with tons of natural light. Utilities, cable and Wifi are included in the rent. One year lease required.

Venice CA Residential Income for Sale

We are excited to present an incredible triplex* for sale at 2426-2428 Ocean Ave, located in the highly sought-after Venice neighborhood. This property includes two spacious 2-bedroom, 2-bathroom units, each featuring a den/office and approximately 1,000 square feet of living space. Both units will be delivered vacant! Additionally, the property includes a converted garage unit at the rear, offering approximately 300 square feet of living space.Ocean Ave boasts a prime location, making it an ideal opportunity for an owner-user interested in occupying one or both of the two-bedroom units. Situated just 100 feet from the iconic Venice Canals and within a 10-minute walk to Abbott Kinney and Erewhon, the property is nestled in an exceptionally charming neighborhood.Unit 2428 Ocean Ave is a beautifully renovated, single-level unit featuring 2 bedrooms, 2 baths, and a versatile den/office space. It also includes an in-unit washer and dryer and is separately metered for gas and electricity. The estimated market rent for this unit is $5,000 per month.Unit 2426 Ocean Ave, located upstairs, is also renovated and offers 2 bedrooms, 2 baths, and a den/office, along with the added benefit of a private rooftop deck. The estimated market rent for this unit is $5,500 per month.Both units (2426 and 2428) come with two tandem parking spaces, accommodating a total of four vehicles.Unit 2426 is a garage that was legally converted to a recreational room, not as a unit, and is currently rented for $2,000 per month. Buyers are encouraged to conduct their own due diligence regarding the potential legalization of this space as an Accessory Dwelling Unit (ADU).This property is a rare find and is expected to sell quickly. With its unbeatable location, two vacant and renovated units, converted garage and ample parking, it's an opportunity you don't want to miss!

West Hollywood CA for Rent

Los Angeles CA Residential Income for Sale

KW Commercial is pleased to present the sale of 409 & 415 N Genesee (12 Units Total). These trophy properties are located side by side on adjacent parcels. 409 N Genesee consists of (8) large 1 bedroom 1 bath Units and 415 N Genesee consists of (4)large 2 Bedroom 2 Bath Units. The location is excellent and is within distance to prime retail on fairfax, the grove, and CBS Studios. The buildings are very well maintained, having upgraded plumbing, electrical and interiors. 409 Genesee has a laundry room in the basement while 415 N genesee has their own washer and dryer in every unit. Please do not disturb the tenants.

Los Angeles CA Residential Income for Sale

KW Commercial and Marcus Millichap, as exclusive co-listing agents, are pleased to present 4509 Willow Brook Avenue, a charming 1920's 14-unit investment opportunity located in Silver Lake (90029), a burgeoning submarket of Hollywood. Current ownership has a create a proven concept through interior unit renovations on all 14-units and common area improvements that has created a competitive advantage, allowing the owners to achieve strong market rents. The property, sited on a 10,530 square foot parcel, offers investors a unique and rare opportunity to immediately experience strong and stable income upon acquisition. All 14-units, which average 630 (+/-) square feet, offer one-bedroom/one-bathroom floor plans and have undergone a major gut-level renovation. Each unit has been completely reimagined through a variety of comprehensive upgrades that include new windows, in-unit washer, and dryers, air conditioning units. **Please contact listing agent for full Marketing Package.**

Van Nuys CA Residential Income for Sale

The "SYLVAN" a much sought after 10 unit, NON RENT Controlled apartment community is centrally located in a compelling rental market sited north of Valley Glen in a quite pocket of Van Nuys, CA. The property consists of a great unit mix of 3 (2 Bedrooms Units) 4 (1 Bedrooms) and 3 Large singles. The building is 7,896 sq on a 8,749 sq lot. This rental market is ripe with stability and immediate forward progress … YES, WE MEAN UPSIDE, for the right investor with "visions". The asset, built with quality workmanship in 1981, is in the center of one of the San Fernando Valley's most stable rental markets and within close proximity to major employment centers and transportation hubs. Property amenities include controlled access entry, gated parking for 11 vehicles, three large storage rooms, Central AIR and onsite laundry facilities owned. *Please email listing agent for full marketing package*

Santa Monica CA Residential Income for Sale

"The Beverley," built in 1962, is available to the market for the first time in 57 years from the original owners. The Beverley is located on a tree lined street adjacent to Joslyn park and Lincoln Blvd where tenants can dine, shop, ride bikes or indulge in a sub sandwich at the famous Bay Cities Italian Deli. The unit mix is comprised of (10) 2 Bedroom + 2 Bathroom units and (8) 3 Bedroom + 2 Bathroom units, which are setting the market for rents in Santa Monica. The location of "The Beverley" is in the highly desirable area of Ocean Park known for its cultural diversity, multitude of entertainment options, eclectic retail, food options, and only a 5 minute drive to the beach.

Los Angeles CA Residential Income for Sale

3261 Rowena Avenue, built in 1946, and located in Los Feliz (90027), offers the long-term value conscience investor strong current income metrics along with future rental upside in one of the most stable and desirable neighborhoods in Los Angeles. 3261 Rowena Avenue features very large apartment homes (+/- 8,264 SF of improvements) and an exceptional unit composition comprised of Two (2) 2 Bedroom - 1 Bathroom and Eight (8) 1 Bedroom - 1 Bathroom apartment homes. 4 of 10 units have been renovated. A total of 9 parking spaces are available for vehicle parking and/or storage located in both garages and open spaces. The property is on a large 10,473 square foot parcel with a systems package including separate electrical and gas utilities, separate water heaters and common area laundry. 3261 Rowena can be purchased individually or as a portfolio with 3207 Rowena (10 Units) and 3267 Rowena (12 Units). Please contact agents for full marketing package.

Los Angeles CA Residential Income for Sale

3267-71 Rowena Avenue is an exceptional multifamily asset with 12 total apartment homes on an enormous + / - 20,895 SF parcel. The improvements include 12 total units, a 10 unit apartment community, a large single-family home and a poolside Bungalow. The unit composition features Ten (10) 1 Bedroom - 1 Bathroom apartment homes, a 3 Bedroom - 2 Bathroom Single Family Home and a 1 Bedroom - 1 Bathroom bungalow adjacent to the private swimming pool and cabana. 3267-71 Rowena Avenue, situated on a large 20,895 square foot parcel features an amenity package including common area laundry facilities, swimming pool and cabana and a systems package with separate electrical/gas utilities, separate water heaters and common area laundry facilities. Parking is provided for 14 vehicles in both garage and open spaces. 3267-71 Rowena can be purchased individually or as a portfolio with 3207 Rowena (10 Units) and 3261 Rowena (10 Units). Please contact listing agents for full marketing package.

Los Angeles CA Residential Income for Sale

3207 Rowena Avenue, built in 1957, known as the Hale Lok, is a classic Mid-Century apartment community located in Los Feliz (90027), one of the most stable and desirable neighborhoods in Los Angeles. 3207 Rowena Avenue features very large apartment homes (+/-9,037 SF of improvements) and an exceptional unit composition comprised of: Two (2) 2 Bedroom - 2 Bathroom ; Two (2) 2 Bedroom - 2.5 Bathroom ; Five (5) 1 Bedroom - 1 Bathroom ;One (1) 2 Bedroom - 2 Bathroom plus Den. Current ownership has performed quality renovations in 40% of the apartment homes (4 of 10 units). The property is sited on a large 10,530 square foot parcel with a systems package including separate electrical and gas utilities, central boiler and common area laundry facilities. Parking is provided for 12 vehicles (individual and/or tandem formats).3207 Rowena can be purchased separately or as a portfolio with 3261 Rowena (10 Units) and 3267 Rowena (12 Units). Please contact agents for full Marketing Package.

West Hollywood CA for Rent

Pictures are of the actual fully furnished apartment. PRIME location in charming and quaint Norma Triangle neighborhood of WeHo! Located between the world famous Sunset Strip and all the restaurants and nightlife on Santa Monica Blvd. 4 blocks east of the "Flats" of Beverly Hills. Huge open and airy one bedroom with tons of natural light. Utilities, cable and Wifi are included in the rent. One year lease required.

Dana Point CA Residential Income for Sale

Welcome to 25051 La Cresta Road, a rare and versatile side-by-side duplex nestled in the heart of Dana Point's sought-after coastal community. Built in 1976, the property offers two spacious multi-level units, each with 2 bedrooms, 2 bathrooms, and approximately 1,160 square feet of living space (total of 2,325 sq ft). One unit is being delivered vacant, presenting an owner-user opportunity, or the chance to secure a new tenant at current market rates. Each unit features an open-concept living space with ocean-facing balconies, attached 2-car garages with additional driveway parking, central heating and air conditioning, in-unit washer/dryer hookups (in garages), and private fenced backyards perfect for outdoor living. The property does require renovations, which is an opportunity for a value-add buyer to put their own personal touches. Located just minutes from the Dana Point Harbor, local shops, restaurants, and the beach, this property is also a quick six-minute drive to the Waldorf Astoria Monarch Beach Resort, one of Southern California's premier luxury destinations. Whether you're an investor seeking rental income or a homeowner looking to live in one unit while renting the other, this property offers flexibility and upside.