The Mangassarian Team is excited to present an unparalleled investment opportunity at 5628 York Blvd, Los Angeles, CA 90042. This property showcases a 2,655-square-foot building and a generous 5,595-square-foot land area, complete with an alley. Its diverse layout features two 1,000-square-foot commercial shops and a 1-bedroom house. Nestled in the prime location of York Blvd in Eagle Rock, this property offers distinctive features, including a currently rented shop at $4,700, a vacant shop open for customization, and an available house for rent at $2,500. Priced attractively at $1,788,500, the property comes with special financing options, including owner carry with a 30% for 5 years at 5.5% interest only. Highlighting its investment appeal, the property boasts a vibrant location on York Blvd, renowned for trendy establishments. Its advantageous proximity to a large grocery store ensures significant foot traffic, enhancing its visibility. The property's versatility is evident, catering to both retail and 1BR residential purposes. Diving into the detailed aspects, the property can be categorized as a Class C retail storefront with integrated residential components. Originally constructed in 1947 and subject to a meticulous renovation in 2023, the structure epitomizes a single-ten
California Court Bungalows, located at 615 S. Columbus Avenue, is a tastefully restored 13-unit California bungalow courtyard style asset located five blocks from the Glendale Americana. Current ownership has spent over $700,000 on capital improvements including new electric, plumbing and exterior work. The property is comprised of (12) 1 BD/1 BA units and (1) studio. All of the spacious units have been thoughtfully renovated to capitalize on the areas strong tenant base. Current ownership has implemented a RUBS program across all units to improve operational efficiencies, allowing new ownership to operate the asset at a sub 30% expense ratio. Eight existing garages and (5) surface spaces provide current income, and also have the potential to be converted into three (3) ADUs for additional rental revenue of approximately $34,605. Based on estimates, a new owner can achieve a return on cost of nearly 270% by raising rents to market and completing additional investment into the ADU construction. 615 S. Columbus Avenue offers a fully assumable loan at 5.18% with 5 years of fixed financing and 2 years of interest only payments remaining.
This signalized corner retail center presents an investor a unique opportunity to add-value to one of the hippest corners in Silver Lake, surrounded by major grocery tenants, restaurants, bars, and high walking traffic count. The subject building is +/- 10,340 square feet (per CoStar) and situated on a +/- 17,000 square foot parcel of land. The center is currently 50% vacant with the remaining tenant leases expiring in 2025 through 2026, adding significant value-add potential. The center is anchored by Pink Berry, and also includes a popular coffee shop, and veterinary clinic, and a pet store. Excellent opportunity to add additional food, entertainment, fitness, or other uses that will play to the strong retail demand and demographics of this neighborhood. Due to a covenant recorded against the title, this property is not a candidate for residential development at this time.
We are pleased to present 3623-3625 Monon Street, an exceptionally well-located, well-maintained 2-story, 9-unit value-add multi-family investment opportunity (70%+ rental upside potential), located in ULTRA PRIME Hyperion Village, steps from Trader Joe's and Gelsons in the highly desirable Silver Lake/Los Feliz submarkets of Los Angeles, steps south of Rowena Ave and west of Hyperion Ave. Built in 1966, the building is comprised of a great unit mix of 1 (2+2), 4 (2+1), and 4 (1+1) units that average approximately 780 gross square feet. The 7,016 square foot structure is situated on an 8,448 square foot, LARD1.5-zoned lot. There are 9 covered parking spaces (1/unit). Most of the units have original kitchens and bathrooms featuring mid-century ceramic tile countertops, shower/bathtub backsplashes, and original cabinets. Most units have updated laminate or prefinished hardwood floors. Units also feature small balconies, ample cupboard, drawer, and closet space, and a private lockable large bulk storage unit in the carport area. This ULTRA-PRIME Hip Hyperion Village location has an excellent 91 Walk Score, as the neighborhood is home to a variety of shops, restaurants, and nightlife destinations/entertainment options, with Gelson's Markets, Trader Joe's, Pinkberry, and Tenants of th
Moxie + Clover is a beautifully renovated 60-unit apartment community offering upscale convenience in the heart of "happening" Highland Park, what many call L.A.'s greatest and hottest neighborhood. Highland Park is known for its diverse blend of historic landmarks, tree-lined residential streets, artistic flair, and cool vibe, and Moxie + Clover delivers a contemporary, comfortable, and convenient living experience that's perfect for any lifestyle. Offering an irresistible combination of location, quality and upgraded amenities, the 42,272 SF building is a mix of studio, 1BD and 2BD units with an average size of 705 SF. In-unit features include washer/dryer, fully equipped kitchens with brand new appliances, custom cabinetry, hardwood style flooring, central air, walk-in closets, private patios, and more!
Seller Carry Financing Available. Value-add investment opportunity located in the trendy Los Angeles submarket of Atwater Village. This 8-unit apartment complex features a diverse unit mix consisting of three 2 bed + 1 bath, and five 1 bed + 1 bath units. Atwater Village boasts a vibrant community of with a mix of modern amenities and old-school charm. From trendy cafes and eateries to boutique shops and yoga studios, residents enjoy easy access to everything they need. With picturesque streets, parks, and the proximity to the LA River, the neighborhood offers a relaxed yet dynamic lifestyle in the heart of LA. From the property, it's only a short brisk walk to the following neighborhood facilities: North Atwater Park, Chevy Chase Park, North Atwater Bridge, The Paddock Riding Club, River Ridge Club and Stables and much more along the LA River. Tuck-under retrofit work has yet to be complete, but plans are in place. This could offer a savvy investor the ability for ADU potential, buyer to research and verify at their discretion. Broker/agent do not guarantee the accuracy of the information pertaining to the size and condition of the property and its features provided by the Seller, though public records, or any other sources and Buyer is advised to independently verify the accura
Seller Carry Financing Available. Value-add investment opportunity located in the trendy Los Angeles submarket of Atwater Village. This 8-unit apartment complex features a diverse unit mix consisting of one very large 4 bed + 3 bath, two 2 bed + 1 bath, and five 1 bed + 1 bath units. Atwater Village boasts a vibrant community of with a mix of modern amenities and old-school charm. From trendy cafes and eateries to boutique shops and yoga studios, residents enjoy easy access to everything they need. With picturesque streets, parks, and the proximity to the LA River, the neighbourhood offers a relaxed yet dynamic lifestyle in the heart of LA. From the property, it's only a short brisk walk to the following neighborhood facilities: North Atwater Park, Chevy Chase Park, North Atwater Bridge, The Paddock Riding Club, River Ridge Club and Stables and much more along the LA River. Tuck-under retrofit work has yet to be complete, but plans are in place. This could offer a savvy investor the ability for ADU potential, buyer to research and verify at their discretion. Broker/agent do not guarantee the accuracy of the information pertaining to the size and condition of the property and its features provided by the Seller, though public records, or any other sources and Buyer is advised to i
Welcome to 2250 Duane St, Los Angeles, CA 90039 an exceptional investment property with incredible potential and incredible opportunity in Silverlake. This multi-unit gem offers a blend of convenience, modern upgrades, and a prime location that savvy investors won't want to miss. Situated in a highly sought-after area of Los Angeles, this property enjoys a convenient location with easy access to all the city has to offer. Several units have already been thoughtfully remodeled, providing a glimpse into the property's potential. These units offer modern features and finishes, making them highly attractive to potential tenants. Enjoy the convenience of living within walking distance to dog parks, ensuring furry friends have plenty of space to roam and play. Additionally, a variety of restaurants are nearby, perfect for dining out or attracting foodie tenants. This property presents a unique opportunity to capitalize on the thriving Los Angeles rental market. Whether you choose to continue upgrading units, optimize rental income, or simply enjoy the benefits of this fantastic location, 2250 Duane St is an investment that can't be overlooked.
FOUR units delivered vacant at COE-right on the Edendale border of Silver Lake and Echo Park. This 5 unit opportunity is comprised of: Front building: Top floor owner's unit is a 3 bed/ 1 bath apartment which will be delivered vacant at close of escrow, First floor has 1 bed/1bath side by side apartments (both delivered vacant at close of escrow ) . Two additional detached bungalows (Title reflects 1 bed/1 bath w guest room) one renting at 2800, and the other delivered vacant at close of escrow.
FOUR units delivered vacant at COE- right on the Edendale border of Silver Lake and Echo Park. This 5 unit opportunity is comprised of : FRONT BUILDING ( vacant at COE ) - 3/1 owners unit 2nd floor; 2 side x side 1/1 1st floor. Two additional stand-alone bungalows ( Title reflects 1/1 per) , both with formal dining room area with built ins and closet, potentially usable for 2nd bedroom or office- one leased for 2800/month ( March '24) , and the second currently VACANT.
Mixed-use opportunity boasts a unique blend of commercial and residential spaces, making it an ideal investment opportunity for those seeking a versatile property in a prime location. On the ground level, there is a neighborhood market with a small warehouse. The upper floor of the property consists of two spacious residential units, each with one bedroom/one bath. The property is conveniently located just steps away from the Heritage Square Gold Line Station, providing easy access to downtown Los Angeles and beyond. It is also located near a variety of shops, restaurants, and other amenities, making it an ideal location for both commercial and residential tenants. Don't miss out on this fantastic investment opportunity!
5745 Arroyo Dr, a fantastic 6-unitinvestment property located in Highland Park in Los Angeles, CA. This property has had over $60,000 in recent capital improvements. Some of the recent improvements included upgrading trash bins to city dumpsters, new eco-friendly irrigation, exterior paint, partial roof replacement, concrete work & individual unit repairs. This property is being offered well below its previous sale price due to unforeseen circumstances from current ownership, providing a fantastic opportunity for a new buyer. The property features 6 units and 4,092 square feet of living area in total. The property features (6) 2 bed / 1 bath units and offers savvy investors the opportunity to capitalize on over 100% upside in the current rents. Offered at a competitive basis, this property is nestled in one of the fastest growing neighborhoods Los Angeles has to offer.
1762 Glendale Blvd is a multifamily property located in the sub-market of Echo Park in the city of Los Angeles. Constructed in 1914, the three detached bungalow-style units total 1,943 square feet. The buildings are situated on 7,475 square foot lot, zoned LAC2, with parking for (3) cars. This strategically positioned commercially zoned lot offers an incredible opportunity for an investor, developer, or owner/user seeking a prime location in one of the most sought-after neighborhoods in Los Angeles. The property offers multiple strategies to add value. From remodeling the existing vacant bungalow units with the potential to build an ADU and Junior ADU on the lot, to redeveloping the site for multifamily, mixed-use, or affordable housing. A developer has the potential to build (18) units on the site by-right or develop a 100% affordable housing project under Executive Directive 1 (ED-1) with unlimited density.
We are pleased to present an exceptional investment opportunity: 451 Hawthorne St, a 25-unit multifamily property located in the Moorpark neighborhood, just steps away from Downtown Glendale. This property, offered for sale for the first time in 33 years, represents a rare generational investment in the highly sought-after Downtown Glendale area, situated only one block from the Glendale Galleria and two blocks from the Americana on Brand.What sets 451 Hawthorne apart from other properties of similar vintage in Glendale is its distinctive architecture and layout, making it an ideal choice for investors seeking over 20% in rental upside through an interior and exterior renovation program. The property's value is further solidified by its zoning designation as R1250, which prohibits future multifamily developments of this size at this prime location.Constructed in 1989, this three-story property comprises six 1-bedroom/1-bathroom units, one 1-bedroom/1.5-bathroom + office townhouse unit, and eighteen 2-bedroom/2-bathroom units. Nine of these units have undergone renovations featuring custom kitchen cabinetry and updated bathrooms, while almost all units have received new vinyl plank or wood laminate flooring. Four units have undergone minor improvements, and the remaining 12 units
Location, Location!! Close to the famous Glendale Galleria is this commercial property zoned Commercial/Office/Residential/Mix Use. So many possibilities, SB35? AB2011? The current use is an automotive garage with one unit behind it. Buyer to verify possible use with City of Glendale.
Graceland Apartments, located at 107 N. Columbus Avenue, is a 13-unit historic American Four Square asset, located one block from the Glendale Americana. Current ownership has spent over one million dollars on capital improvements, including new electrical system, plumbing, and roofs. Spread across two parcels, Graceland Apartments has a strong unit mix, comprised of (2) 2 BD/1 BA, (6) 1 BD/1 BA, and (5) studios. Boasting spacious floorplans, the majority of the units have been thoughtfully restored to capitalize on the strong tenant base in the area. Current ownership has implemented a RUBS program across all units to improve operational efficiencies, allowing new ownership to operate the asset at a sub 30% expense ratio. Ten existing garages provide current income and also have the potential to be converted into (3) 2 BD/1 BA ADUs (approx. 700 SF each) for additional rental revenue of approximately $34,605 annually. Based on estimates, a new owner can achieve a return on cost of nearly 333%. by raising rents to market and investing into ADU construction.
This is a great opportunity to acquire a commercial property (Mexican Restaurant) with 2 residential units in the heart of the Echo Park area. It is located on Alvarado Blvd. nearby Sunset Blvd. This property is also located in the PROPOSED mixed-use zoning(Buyer must verify zoning details with the City). Heavy daily traffic at a big street cornerlot 7561 sq ft.
Back on the Market! Prime location in Silver Lake area. Great visibility for restaurants, Bars, Bakeries, Coffee shops, etc. Free-standing building in corner lot. Ample parking. ABC license is included with the purchase price.
Built in 2020, Fig & York is the new flagship apartment community in Highland Park, a hip historic neighborhood in the northeast corner of Los Angeles. Sitting on a 23,499 SF lot, the design-centric complex has 21 units and features live/work loft-style townhomes with generous high ceilings throughout, central heat and air, in-unit washer/dryer, stainless appliances, recessed lights, stained and polished concrete floors, and balconies. The modern two-story 19,732 SF building contains 7 1BD/1.5BA and 14 2BD/2.5BA units. The average unit size is approximately 1,000 SF. Community amenities include covered gated parking, a fully equipped gym, secure package locker room, EV charging stations, outdoor courtyard, surveillance cameras throughout, and much more! Located in the hip and happening heart of Highland Park and adjacent to the 110 freeway, Fig & York offers easy access to Downtown Los Angeles, South Pasadena, Pasadena, and all the San Gabriel Valley.
We are pleased to present the opportunity to acquire York Plaza in the highly coveted Los Angeles neighborhood of Highland Park. This offering includes a 100% occupied retail strip center built in 1989 with a foot print of approximately 7,481 SF, sitting on a 15,059 SF lot with 157' (+/-) of frontage on Figueroa. York Plaza offers an investor the rare opportunity to acquire a stabilized retail strip center with a diverse NNN tenant mix anchored by Wingstop in the highly sought after Highland Park neighborhood. The property has been professional managed and has seen improvements such as a new roof, nearly all AC units have been replaced, exterior paint, landscaping, and sealed parking lot. This well-located retail strip center offers an investor a very special opportunity to secure an asset with strong metrics, NNN leases, and 100% occupancy in the high demand and growth submarket of Highland Park. Nestled northeast of Downtown L.A., Highland Park has transformed swiftly from working-class businesses to trendy hotspots, yet retains its status as one of the city's oldest and most eclectic neighborhoods. Home to notable figures like Marc Maron and Billie Eilish, Highland Park boasts beloved restaurants and cultural spots, offering a unique vibe. Located just up the 110 from Dow
"Luxury Auto Spa" / "Car Wash" Investment opportunity for owner-user or experienced investor to purchase Real Estate with successful business. Multiple streams of income from hand washes, details, wraps, rims, c-store, and more! 13.25 CAP! Owner will provide up to six months of training. Buyer will inherit $1M worth of Equipment, Permits pending for new detached 6-car garage. PLEASE DO NOT DISTURB THE MANAGERS AND EMPLOYEES.
We just improved the pricing by $300k on this unique ultra value-add opportunity in Highland Park! The offering consists of 13 very large residential units with substantial rental and ADU upside. To further boost the already attractive metrics, the buyer can begin construction on 5 RTI ADUs shortly after closing (currently pending sanitation clearance, but can be delivered RTI), which would boost the unit count by nearly 50% to 18 units. Factoring in construction costs for these ADUs at $300/SF ($580k total), the all-in-cost per door comes down significantly to approximately $237k/door at a very attractive cap rate of 7.1% or 10.73 GRM - virtually unheard of in Highland Park. These are not "pro forma" figures and are not reliant on unit turns, and they take into account the cost of building the ADUs. The seller has priced the asset for the buyer to capture an instant equity spread from the construction of the ADUs. Furthermore, new owners can capture incredible upside potential by raising rents in the existing large units which cover an average area of over 800 square feet each. The size of the units results in quick lease-ups, and the property has the additional upside to an 14.6% cap rate and 5.65 GRM. The property is situated close to the vibrant York Blvd and Figueroa Street.
Welcome to 1651 Redcliff Street, an amazing 6-unit property nestled in the heart of Silver Lake (90026), a highly sought-after neighborhood in Los Angeles. The property offers a diverse unit mix, comprised of a 1927-built front house with 4 bedrooms and 3.5 baths, a triplex built in 1964 with three 2-bedroom, 2-bath units, and a newly constructed duplex featuring two 6-bedroom, 4.5-bathroom units with rooftop decks and stunning views. All units have been beautifully renovated or are newly constructed, commanding top-of-the-market rents. There are RTI (Ready-To-Issue) plans for a storage room to be converted into a spacious (+/-) 731 square foot Accessory Dwelling Unit (ADU). Featuring sunlit interiors with hardwood floors and carefully crafted architectural details, these units provide a warm and welcoming ambiance. Each unit boasts spacious bedrooms, updated kitchens with stainless steel appliances, stylish bathrooms, central AC, in-unit laundry, and private outdoor spaces in some units. Situated on a 16,736 square foot lot, aside from the newly constructed duplex, all units have undergone gut-level renovations, ensuring a modern living experience while preserving their timeless charm. Additionally, all units are separately metered for gas and electric, with parking available fo
Charming commercial property on a busy street with 2 units side by side. First time on the market in the last 50 years. A very rare opportunity to own this unique property in this fast growing area with a vibrant and dynamic neighborhood with lots of potential. One unit is currently a pet store and the other unit is vacant; perfect for you to run your own business. The property has been well maintained with each unit consisting of 1,560 square feet, its own meter, high ceilings, a bathroom and large backyard. Busy area with high foot traffic and parking on the street. Great opportunity to start your own business or own an income property with future potential.
** PRICE REDUCTION! ** SELLER IS CARRY FINANCING AVAILABLE!! VERY MOTIVATED TO SELL! WOW WOW WOW!!!!!! THIS HAS TO BE THE OPPORTUNITY THAT YOUR CLIENTS HAVE BEEN WAITING FOR, WHETHER THEY ARE INVESTORS OR SOMEONE LOOKING TO BUY TO LIVE IN ONE AND RENT THE OTHERS, THIS PROPERTY SATISFY'S EVERY NEED. IMAGINE THIS, A VINTAGE SPANISH HOME WITH GREAT CURB APPEAL 2 BEDROOMS, 1 BATH, 2 CAR GARAGE, SINGLE FAMILY DWELLING, AND A 2 STORY 4 PLEX UNIT ALL IN ONE LOT AND FOR ONE GREAT PRICE, ROOM TO EXPAND THE MAIN HOUSE MAKING IT A 3 BEDROOM OR MAYBE EVEN A 4 BEDROOM HOUSE AND DUE TO PROPERTY BEING ZONED LARD2 INVESTOR WOULD HAVE THE OPPORTUNITY TO CONVERT THE TWO CAR GARAGE INTO ADU IF DESIRED TO OBTAIN EVEN MORE INCOME, LOCATED IN ONE OF THE MOST DESIRABLE POCKETS OF LOS FELIX WALKABLE TO HILLHURST BEST RESTAURANTS AND SHOPS, GRIFFITH PARK, AND WITHIN THE BOUNDARIES OF FRANKLIN ELEMENTARY SCHOOL, HERE ARE SOME OF IT'S MANY FEATURES MAIN HOUSE CONSIST OF 2 BEDROOMS 1 BATH ORIGINAL HARDWOOD FLOORS, DECENT SIZE BACKYARD AND ATTACHED 2 CAR GARAGE. ADDITIONALLY, YOU HAVE A QUADRUPLEX OF WHICH 2 UNITS ARE 2 BEDROOMS 1 BATH AND 2 UNITS ARE ONE BEDROOM 1 BATH. ALL UNITS ARE IN REASONABLE CONDITION ALL UNITS ARE FULLY OCCUPIED RENTS ARE PAID ON TIME WONDERFUL TENANTS. DRIVE BY ONLY. SUBJECT TO INSP
