Peter Ciriello

Santa Monica CA Residential Income for Sale

PRICE REDUCED! Rare opportunity to purchase a true pride of ownership 7 unit trophy property located between Idaho Ave and Montana Ave in the heart of Santa Monica. New roof in June 2018! Copper plumbing. Much larger than similar buildings with 9,318 sf of living area on an 8,000 sf lot with an alley. All seven units are big 2 bedrooms + 2 baths with large kitchens with breakfast bar, dining room, large living room, and a true master bedroom with en suite bath. Each unit has a large, private covered patio or balcony that is large enough to have a big table and chairs. Average unit size is approx. 1,330 sf. Excellent parking with 7 individual spaces and 9 if used as tandem. Most units remodeled with granite counters, dishwashers, and S/S appliances. The building is in excellent overall condition. Over 35% upside rent potential. Property is subject to City of Santa Monica rent control.

Los Angeles CA Residential Income for Sale

The elegant and spacious 48-Unit apartment building of 520 S Mariposa Avenue has been well-maintained, owned and operated by the same owner for the last 24 years. This property offers sustainable investment grade upside with great asset security for any investor looking to own in the dense rental market of Koreatown. The property itself sits in a Qualified Opportunity Zone. Allowing for an investor with holding plans to take advantage of the tax break implications. The upside can be seen with the incredible marketable location and the property offering any investor a great sum of wealth accumulation through asset appreciation. This upside, along with the area's continuous growth in rent and developments, makes this a fantastic opportunity in the heart of Koreatown. With a Market Cap Rate of 6.82% and a Market GRM of 9.92, this investment opportunity is a great way to achieve healthy current cash flow and the opportunity to achieve over 30% rental upside.

Los Angeles CA Land for Sale

Presented for sale is a 4-Parcel Assemblage in prime Koreatown. With a combined lot size of 27,000 SF and R4-2 (Tier 3 TOC) zoning, this site perfectly lends itself to be a prime development opportunity. The buildings on the lot, which currently hold nine units, have already been Ellis'd and will be delivered vacant! Developers can build 67± units by right and 116± units using a TOC density bonus. The project site is situated just three blocks from the legendary Park's BBQ, positioned in the heart of Los Angeles' Koreatown District. Around the corner from the Metro Station at Wilshire and Vermont, this location provides residents with direct access to an abundance of public transit options, nightlife, restaurants, coffee shops and much more in this burgeoning K-Town pocket.

Santa Monica CA Residential Income for Sale

REDUCED. 800 block of 18th Street at the top of Montana's strip. 7 extra large 2+2s, (5) 1250 SF, (2) 1450 SF. Laundry in unit for 3 of 7 units. All units have patios/decks. One unit is fully renovated, with stainless steel appliances, washer/dryer, new kitchen and bath, air conditioning, etc. - other units in various stages of renovation. Units 3, 5, 6 all have washer/dry hookups, and gas lines in patios (for grills). New roof in 2018, Copper Plumbing, electrical upgraded. 90% electric building (low expenses). Units have separate entrances and large private balconies/patios. The property is gated and has parking for 9 cars. Currently unit 6 is gutted with work awaiting permits before proceeding. Price is with unit 6 as is, (renovation of unit 6 expected to be $40-50k) There is a laundry room on site with owner owned facilities (using a service for phone pay on machines).

Santa Monica CA Residential Income for Sale

REDUCED. 800 block of 18th Street at the top of Montana's strip. 7 extra large 2+2s, (5) 1250 SF, (2) 1450 SF. Laundry in unit for 3 of 7 units. All units have patios/decks. One unit is fully renovated, with stainless steel appliances, washer/dryer, new kitchen and bath, air conditioning, etc. - other units in various stages of renovation. Units 3, 5, 6 all have washer/dry hookups, and gas lines in patios (for grills). New roof in 2018, Copper Plumbing, electrical upgraded. 90% electric building (low expenses). Units have separate entrances and large private balconies/patios. The property is gated and has parking for 9 cars. Currently unit 6 is gutted with work awaiting permits before proceeding. Price is with unit 6 as is, (renovation of unit 6 expected to be $40-50k) There is a laundry room on site with owner owned facilities (using a service for phone pay on machines).

North Hollywood CA Land for Sale

15 unit RTI entitled development site on the upper border of Toluca Lake, just a few blocks south of the Noho Arts district. The future development will sit on a lot size of 7,304 SF, and when complete, the property will offer 13,857 of gross SF (with approximately 11,055 of net rentable SF) with one level of subterranean parking and on grade parking for 17 cars. Permits are ready to issue (RTI). There are 3 affordable units. There is an existing duplex on the property which will be delivered completely vacant. The site sits in a CTCAC high resource location and is in CD2, Paul Krekorian. OM/Plans are available on request.

Santa Monica CA Residential Income for Sale

Back on the Market. This property features 9,318 square feet of rentable area and is situated on a 8,000-square foot lot. The 7-unit building is composed of Two (2) XXL 2-bedroom/2-bathroom units with huge front decks that are approximately 1450 SF and Five (5) XL 2-bedroom/2-bathroom units that are approximately 1250 SF. Two of the units are high quality renovations (as seen in the pics). The rest are in great shape, just not high quality (new). Many have hardwood floors and granite in the kitchen. Each unit has a balcony or patio. The building has been well-maintained. The roof is four years old, it's 100% copper plumbing and has an updated electrical panel. 3 of the units have laundry hookups in unit, the rest use the laundry on site. It's gated and the EQ retrofit is complete. There's 11 on-site parking (2 tandem in the front and 2 tandem in the rear) for tenants. An upper 1250 SF Unit just rented for $4,800.

Santa Monica CA Residential Income for Sale

Back on the Market. This property features 9,318 square feet of rentable area and is situated on a 8,000-square foot lot. The 7-unit building is composed of Two (2) XXL 2-bedroom/2-bathroom units with huge front decks that are approximately 1450 SF and Five (5) XL 2-bedroom/2-bathroom units that are approximately 1250 SF. Two of the units are high quality renovations (as seen in the pics). The rest are in great shape, just not high quality (new). Many have hardwood floors and granite in the kitchen. Each unit has a balcony or patio. The building has been well-maintained. The roof is four years old, it's 100% copper plumbing and has an updated electrical panel. 3 of the units have laundry hookups in unit, the rest use the laundry on site. It's gated and the EQ retrofit is complete. There's 11 on-site parking (2 tandem in the front and 2 tandem in the rear) for tenants. An upper 1250 SF Unit just rented for $4,800.

Sun Valley CA Land Lot for Sale

Two Side By Side Lots: 11942 Allegheny Street APN: 2631-003-014 Lot SF: 24,837 FAR: 1.5:1 Zoning: (T)(Q)M1-1-CUGU (Limited Manufacturing) Existing Structure: Residential & 11950 Allegheny Street APN: 2631-003-015 Lot SF: 24,845 FAR: 1.5:1 Zoning: (T)(Q)M1-1-CUGU (Limited Manufacturing) Existing Structure: Residential ***PLEASE CONTACT US FOR AN OM***

Glendale CA Commercial Sale for Sale

DO NOT DISTURB TENANT, DRIVE BY ONLY.

Santa Monica CA Residential Income for Sale

On a rear flag lot, this property comprises four units, each featuring one bedroom and one bathroom. Two units are 500 square feet, while the other two are slightly larger at 625 square feet. All units are updated and equipped with hardwood floors, separate bedrooms and kitchens, washer and dryers in unit. Parking is provided with four garages and one carport on-site. Three garages and the carport are rented separately for extra income. Street parking is ample. ADU Plans are underway to convert the garages into an additional unit. Please note, the front parcel is NOT included in the sale. Unit A is vacant and may be shown by request Please drive by only, do not disturb tenants.

Santa Monica CA Residential Income for Sale

Exceptional investment opportunity featuring two separate parcels: a duplex and a fourplex, each with its own APN. Property Highlights: Unit Income: Townhouse 1: Recently leased for $4,959.50. Townhouse 2: Recently leased for $5,109. Impressive Income Potential: 5.26% Cap Rate and a 12.84 GRM. Property Details: Front Duplex: Two spacious 2-bed, 2-bath townhouses (1,600 SF each). Features include in-unit laundry, fireplaces, and private patios. Rear Fourplex: Four updated 1-bed, 1-bath units (two at 500 SF and two at 625 SF). Highlights include hardwood floors, separate bedrooms and kitchens, plus in-unit washers and dryers. Parking & Potential: Four garages and one carport, offering additional rental income potential. Seller has ADU conversion plans underway.Additional Features: Gated property with ample street parking for added convenience and security. Located on two separate APNs: 4282-032-027 and 4282-032-028. Opportunity Awaits, don't miss this rare offering that combines location, functionality, and income potential. Drive by to view the property, but please respect tenant privacy.*** One vacant 1+1 unit, perfect opportunity for an owner occupier***Copper Plumbing Updated Electrical Individually metered***Washer / Dryers in each Unit / Gated Security / Courtyard, Garages and abundant street parking***Front/Rear Property-2 Parcels/Properties offered together***Plans for a 750 SF (2+2) ADU***PLEASE CONTACT US FOR AN OM***

Santa Monica CA Residential Income for Sale

Exceptional investment opportunity featuring two separate parcels: a duplex and a fourplex, each with its own APN. Property Highlights: Unit Income: Townhouse 1: Recently leased for $4,959.50. Townhouse 2: Recently leased for $5,109. Impressive Income Potential: 5.26% Cap Rate and a 12.84 GRM. Property Details: Front Duplex: Two spacious 2-bed, 2-bath townhouses (1,600 SF each). Features include in-unit laundry, fireplaces, and private patios. Rear Fourplex: Four updated 1-bed, 1-bath units (two at 500 SF and two at 625 SF). Highlights include hardwood floors, separate bedrooms and kitchens, plus in-unit washers and dryers. Parking & Potential: Four garages and one carport, offering additional rental income potential. Seller has ADU conversion plans underway.Additional Features: Gated property with ample street parking for added convenience and security. Located on two separate APNs: 4282-032-027 and 4282-032-028. Opportunity Awaits, don't miss this rare offering that combines location, functionality, and income potential. Drive by to view the property, but please respect tenant privacy.*** One vacant 1+1 unit, perfect opportunity for an owner occupier***Copper Plumbing Updated Electrical Individually metered***Washer / Dryers in each Unit / Gated Security / Courtyard, Garages and abundant street parking***Front/Rear Property-2 Parcels/Properties offered together***Plans for a 750 SF (2+2) ADU***PLEASE CONTACT US FOR AN OM***

Santa Monica CA Residential Income for Sale

5-Unit Multifamily Investment Opportunity in Prime Santa Monica. This exceptional property offers a rare opportunity in an unbeatable Santa Monica location, just moments from the iconic Santa Monica Pier, Venice Beach, and the area's stunning coastline. With a current 5.00% cap rate and 13.06 GRM, there is upside potential to increase to a 5.48% cap rate and 12.27 GRM. Property Highlights* Front Duplex-Perfect Owner Occupy Unit: Features a spacious 3-bedroom, 3-bathroom unit, perfect for owner occupancy (currently vacant). It offers flexibility to be used as a 2-bedroom, 2-bath unit with a 1-bedroom, 1-bath unit, each with private entrances, fireplaces, and patios. * Studio Unit: Includes a large private deck, ideal for added comfort and outdoor enjoyment. * Rear Units: Two well-sized 1-bedroom, 1-bath units (600 SF each) (one of which is currently vacant) and one Bachelor unit. * Additional Amenities: A shared laundry room, four enclosed garages, and beautifully maintained grounds. All units boast separate entrances, hardwood floors, and tasteful finishes throughout. The property features 100% copper piping, an upgraded electrical panel, and offers spacious, well-appointed interiors in each unit. This is an incredible opportunity for investors or an owner-user seeking a flexible living arrangement in the highly desirable area of Santa Monica.***Owner-User Opportunity: The vacant 3-bedroom, 3-bathroom front unit is perfect for an owner-user, offering the flexibility to live in a spacious 2-bed***Prime Santa Monica Location: Moments from the Santa Monica Pier, Venice Beach, and the vibrant local lifestyle.***Modern Upgrades: Property features 100% copper piping, an updated electrical panel, a shared laundry room, four enclosed garages, and beautifully main***Upside Potential: Current 5.00% cap rate and 13.06 GRM with potential to achieve 5.48% cap rate and 12.27 GRM.***Spacious Units: All units are generously sized and include hardwood floors, separate entrances, and tasteful finishes.***CONTACT US FOR AN OM***

Los Angeles CA Residential Income for Sale

REDUCED AGAIN!!! Seller very motivated to make a deal. 448 N Hayworth Ave is a Spanish-style 4-plex built in 1926, containing 4,641 square feet on a 7,501 square foot lot . The property features (4) 1,100 SF units with 2 bedrooms and 1 bathrooms each. Some of the units come with updated amenities. Each unit has washer/dryer hookups .The property includes garage parking for each unit and features a private large back yard with trees and lawn . For developers, there could be 2 ADUs built in the courtyard. The building is well-located, walking distance to The Grove and many stores. 100% fully occupied means no showings of units. DRIVE BY ONLY. DO NOT DISTURB TENANTS. The building is fully occupied with happy tenants. The new owner may (aver the close of escrow) apply with the City of LA to evict a tenant. In Los Angeles, the Rent Stabilization Ordinance (RSO) allows landlords to evict tenants to occupy a rental unit as their primary residence. We cooperate 50/50 with outside agents.

Los Angeles CA Land for Sale

Moses Commercial, Inc. is pleased to present an exceptional commercial land development opportunity: an 84-unit Vested ED1 100% Affordable Housing project located at 5655 - 5657 Lexington Ave in the rapidly evolving Hollywood Studio District. Designed in collaboration with one of Los Angeles' premier architectural firms, this project maximizes zoning incentives, allowing for increased unit density, reduced parking requirements, and minimized setbacks. The 15,000+ square foot site will feature a four-story residential building over on-grade parking, with a well-balanced unit mix: 12 Studios, 64 One-Bedroom Units, 8 Two-Bedroom Units & 20 On-Site Parking Spaces. Boasting a Walk Score of 88, the property is ideally situated in a vibrant, pedestrian-friendly neighborhood, less than a mile from the Metro B Line station. Additionally, investors have the option to redevelop the site as a market-rate project, a strategy being pursued by many in the area. For more details on this rare opportunity, contact Moses Commercial, Inc. today.