"Investor Dream" Nothing but money! 5 units that feature (Two) 2 bedroom 2-bath (One) 2 bedroom 1- Bath (One) 3-bedroom 2- bath and (One) 3 bedroom 1-bath. This unique property is situated on a 11,000+ square foot Lot and has two separate addresses, (5) separate gas meters, (5) separate electric meters and 2 water meters (Note: Possible SB9 Opportunity). If you are looking for positive cash flow, this is it. But that's not all. What if I can tell you that the seller is willing to carry with great terms for the buyer, if an offer comes in that is acceptable to the seller, yes sir, Seller may carry on this one. Property has low vacancy and cash flow rents with great upside on this unique investment property in the up-and-coming Boyle Heights Neiborhood.
CBRE is pleased to exclusively offer for sale 3339 Folsom Street, a charming, well-maintained, pride of ownership six-unit apartment building built in 1924. The property boasts a favorable unit mix of one (1) one-bedroom one-bathroom unit, and five (5) two-bedroom one-bathroom units. 3339 Folsom Street, is a prime investment opportunity within a highly desired neighborhood. This is a premium investment opportunity located in the highly sought-after unincorporated county of Los Angeles. The property nestled in a small pocket next to Boyle Heights also has the potential to add an ADU with preliminary plans already in place(Buyer to Verify). There is also 50% upside potential with the current rents in place. The property boasts favorable CapEx improvements such as new roofs, gutters, repiping to copper, and new sewer lines. With both 50% upside in rental potential as well as preliminary plans for ADU in place, there is tons of upside for a potential buyer.
We are pleased to offer for sale a seven-unit apartment building located at 1242 Lilac Place in Los Angeles, CA. The subject property is located just north of Sunset Boulevard within the desirable Echo Park submarket. Over the past decade, Echo Park has become one of the most desirable neighborhoods for renters in all of Los Angeles, combining abundant open space with urban walkability. Real estate located on the north end of Sunset Boulevard is viewed as prime, boasting some of the highest rents on the Eastside of L.A. Situated on a 5,548 square foot parcel, the property comprises of five studios and two one-bedroom units. New ownership can potentially add an Additional Dwelling Unit (ADU) in order to maximize income and appreciation potential. The property's desirable location, north of Sunset Boulevard coupled with the significant value-add potential and attractive basis makes 1242 Lilac an excellent acquisition opportunity for investors.
Presenting an amazing opportunity to purchase a turn key coliving or short term rental property featuring twenty seven bedrooms in the highly desirable area of Echo Park. This new construction project consists of a brand new four unit apartment building with five bedrooms and three and a half baths each in addition to a completely remodeled unit in the rear that has its own seven bedrooms. A semi below grade garage level also offers ample storage and the option for additional income from parking. Designed with efficiency and comfort in mind, each unit maximizes space and livability while also taking into account operator logistics such as cleaning closets, IT, and ample storage. Tenants will enjoy floor to ceiling windows, plenty of natural light, and modern curated finishes. Half of the units have access to a common area roof deck with sweeping views from DTLA to Hollywood, and amenities abound nearby. Dodgers Stadium is within walking distance, and coffee shops as well as the most popular restaurants are all within reach. Situated right in the midst of this thriving locale with an exceptionally strong rental market, do not miss this chance to purchase a turnkey building ready to generate income on day one.
We are pleased to offer for sale a five-unit apartment building located at 1259 Vin Scully Avenue in Los Angeles, CA. The subject property is located just north of Sunset Boulevard within the desirable Echo Park submarket. Over the past decade, Echo Park has become one of the most desirable neighborhoods in all of Los Angeles, combining abundant open space with urban walkability. Real estate located on the north end of Sunset Boulevard is viewed as prime, boasting some of the highest rents on the Eastside of L.A. Situated on a 6,758 square foot parcel, the property comprises of two one-bedroom units, two two-bedroom units, and one three-bedroom unit. The property's irreplaceable location, north of Sunset Boulevard coupled with the significant value-add potential and attractive basis makes 1259 Vin Scully Avenue an excellent acquisition opportunity for investors.
4874-4876 Huntington Dr. is a unique opportunity to purchase two retail buildings on 2 separate APNs in the heart of El Sereno, just steps from the highly trafficked intersection of Eastern & Huntington Drive. There is parking behind the buildings which can be accessed via the public parking lot on Navarro St. Excellent owner-user or investment opportunity in a Northeast LA neighborhood seeing huge growth. The average home in El Sereno now sells for $809,060, up over 6% from last year. This is an area in need of good retail options. Directly across from Chase Bank and the US Post Office. 2,225 SF of Retail being held vacant for the new owner to occupy or lease out. Restaurant is an excellent tenant whose lease expires in Oct. 2024
Discover this prime investment opportunity in Echo Park with this historic 8-unit apartment building. Built in 1923, each charming 1-bed, 1-bath unit offers cozy living spaces. Totaling 3,456 sq ft on a 7,315 sq ft lot, this property is ideal for those seeking urban convenience. Zoned LARD1.5, it's located near Dodger's Stadium, Tsubaki, The Douglas, El Compadre, Stereoscope Coffee, Lowboy, Monty's Good Burger, and more.
RTI approved permits for a "Shovel-Ready", non-rent controlled (no low-income requirement / no SB 8), 4-unit multifamily development that will overlook the downtown Los Angeles skyline and is within close walking proximity to the new 6th Street Bridge and P.A.R.C. under construction. Adding greater value, on December 12, 2023, the LA City Council voted to adopt the Boyle Heights Community Plan with rezoning amendments that will allow up to 11 residential units / 6,601.8 buildable sq. ft. at market rates or up to 20 residential units / 13,203.6 buildable sq. ft. with max bonus. In addition, the new zoning allows for the option of mixed-use development with no restriction on building height and the number of residential units will still remain up to 11 market rate units or up to 20 units with max bonus!
Centrally located, Boyle Heights location. Near 10, 5, 101, and 60 freeways. Near Hollenbeck Park. Cross street with Whittier Blvd. Close to shopping and restaurants. Very close to downtown Los Angeles. The property has a large cemented area in the back yard. Property sold in "AS IS" condition. The area has a walk score of 79.
One of a kind creative space in Frogtown. Perfectly situated as the last industrial building before the major residential section of Elysian Valley, this approx 4500 square foot space has for over 30 years been a place for art and art-making. With Pristine white surfaces and 15 foot ceilings, it was for over 20 years the home and studio of artist Frank Romero, a pioneer of the Los Angeles Chicano movement and pivotal member of the acclaimed art group Los Four. Presently used as a collector's private art gallery and home, it is centered around an immense 29 x 38 foot gallery with 15 foot ceilings, and includes 2 smaller galleries, large art storage area with loading dock, 3 room office/bedroom suite, a principal bedroomwith adjoining office, kitchen, and soaring domestic storage, 2 bathrooms, 2 mezzanine storage areas, a 3 truck garage facility with roll-up doors, and extensive camera security system. The property is zoned LACM Manufacturing (Light) and is 3 doors from the LA River with next street access to the famous L.A. Bikepath. The path provides a direct connection to the gentrified Frogtown delights of the new Loreto Restaurant, LA River Kayak Safari, La Colombe Coffee, and Wax Paper. Frogtown/Elysian Valley is the new LA hub of artists, architects, filmmakers, and high tec
Building in great condition, Perfect for Cannabis store, Area is zoned for it., buyer and agent to verify and due their due diligence. Building could be used for light manufacturing, retail, warehouse, possibilities are endless. Seller may consider carry back and maybe assume existing loan. Call me if you have any questions. Current use is a boutique, event center, party rentals. Not under lease
Great Investment Opportunity. Mixed Use Property. Current use is a restaurant in the front and residential units but best and approved use is retail/store/offices. Run your business in the front and rent out the other office spaces. All units currently occupied. Seller will do his best to deliver vacant or get a discount if you take them occupied. Ample parking in the rear of the property. Seller is motivated.
We are proud to present The Lofts, an amazing mixed-use multifamily opportunity located at 2195 Whittier Blvd in Los Angeles, California. This unique mixed-use opportunity comprised of (16) apartment units above (5) retail stores fronts in one distinct two-story building inspired by the famous Flatiron Building in New York City. The building was constructed in 1916 of reinforced brick and concrete and highly renovated in 2020 and, now this architectural building encompasses an impressive 15,244 building square feet situated on one parcel totaling 6,267 square feet offering a zoning of LAC2. The apartment units are currently master metered for utilities which provides an opportunity for a savvy investor to implement a RUBS program to offset operating costs. The highly updated units are impressive and the open floor plans resemble that of a swanky New York flat. The Lofts offer a diverse unit mix consisting of (7) loft-style studio + One-Bath Units & (9) One-Bedroom + One-Bath Units. Many of the units have been highly renovated, offering exposed brick walls, newly installed picture windows with, drenching the units with natural light while providing views of the Downtown LA skyline and famous 6th St Bridge. From the fully remodeled kitchens and baths to the recessed lights and
Great Investment apartment in Los Angeles,close to downtown LA, Sunset Blvd, Pasadena,and Dodger Stadium. There are 3 Buildings in the lot, 4 units in the Front building,each unit comes 1 Bedroom and 1 Bathroom; 2 individual unit in the back, each unit comes 2 Bedrooms and 1 Bathroom. Total 6 units, 6,546 SF in living area,10,260 SF in Lot size. Current rent below the market. Quiet and nice area in Los Angeles. Property to be sold "AS IS". Showing Subject to inspection.
IRN Realty is proud to exclusively showcase for sale this 6-unit mixed-use retail and apartment complex in the heart of East Los Angeles. The property is comprised of a 4-unit street retail building with a detached 2-story duplex. The total building square footage is 6,746 SF and it resides on a 9,600 square foot lot. The mixed-use asset has two separate buildings in tandem, approximately 5,030 SF of 4 unit street retail in the front and a 2-story 1,716 SF residential building located in the back. The property is zoned as C2, subject to the Citys Rent Stabilization Ordinance (RSO) and is neither located in an Opportunity Zone nor a HUBZone. In 2012, a building permit was issued for the building addition of the first floor apartment structure at 2639 Whittier Blvd. (Buyer to Verify). The official address of the subject property is 2631 2639 Whittier Blvd, Los Angeles, CA 90023. Immersed in the rich culture of Los Angeles, this mixed-use asset was originally built in 1947. The building has served the Boyle Heights District for many decades and has a traffic count of approximately 30,000 people per day. It is in close proximity to the major freeways including the I-5, US-101, CA-60 and I-10. Current tenants offer a nice assortment of services including: restaurant, bar caf
An excellent retail/office/residential property for sale, located on Temple St, in Los Angeles, California. This 2-story building approximately 2,669 SF with a total lot size of 2,992 SF, as per the assessor. The first floor serves as an office/retail space, while the second-floor features four individual studio units. The property boasts high ceilings. PROPERTY HIGHLIGHTS: - Owner/User or Investment Opportunity - Prime Los Angeles Location - High Exposure and Visibility - Limited Inventory of Similar Properties - Retail, Office, Residential Use Opportunity
On the corner of 5th street and Towne Avenue. This warehouse built in 1978 in the heart of DTLA. Close by the wholesale stores of Toys District. To access to highway I10, I5, 101, and 110 within 5 miles. A building on a lot size of 43,151 SqFt with 31,218 SqFt on ground level plus 3,010 SqFt to be an office/showroom on the second floor. Well-lit natural light in the building. It features with large Ground-Level loading docks which offer seamless access to material handling equipment, enhancing operational efficiency. This is a great opportunity for importer/distributer, or investor/developer.
This private, charming, turnkey investment, with current annual NOI over $111,000/yr. could be yours. Sheltered behind a tall privacy hedge in the Angelino Heights HPOZ, sits 7 individual, well-maintained Craftsman single family bungalows, each with their own private deck and outdoor space. These units were fully renovated in 2003 and converted into open concept studios; with vaulted ceilings, exposed beams and wood floors and windows. Because of its location in prime Echo Park, and its proximity to high-end amenities (newly renovated Echo Park lake, Lassen's, and multiple bars and restaurants), these units rent quickly. Well-maintained with newer roofs, sewer lines and decks. There is still quite a bit of upside. Units are SFR so possible TIC candidate. Total projected 2024 rent for all 7 units: $177,092/ yr. Pro forma rent: $247,221/ yr. (7.81% Cap rate). Current cap rate 4.86%. Permit history, general and sewer inspections, and rent rolls available for viewing.
TURNKEY PROPERTY!!! This is a 5-unit building consisting of a desirable mix of three spacious 2 bed / 1 bath units and two comfy studios with on-property parking for each unit. The property has beautiful interior and exterior renovations recently made and represents pride of ownership. Improvements include but not limited to, Double-Pane Windows, Copper Pipe Plumbing, Split Duct Air Conditioning System, Granite Kitchen and Bathroom Countertops, Tile Bathroom Walls, Tile Flooring for Kitchen and Bathrooms, Vinyl Flooring for Living and Bedrooms, Kitchen Cabinets, New Stoves, New Toilets, Water Heaters, Interior and Exterior Painting. Located near major employment centers in Downtown Los Angeles and has direct access to the iconic Arts District via the historic 4th Street Bridge and recently opened 6th Street Viaduct. This location is well positioned in the gentrifying area of Boyle Heights and offers dominant access to entertainment and food possibilities. For the investor, there is tremendous upside potential in rents with access to the 5, 10, 60, and 101 freeways within minutes. This represents a significant opportunity to maximize income in a high demand area that is constantly improving. PLEASE DO NOT DISTURB TENANTS!!
Situated at the signalized corner of Lorena Street and East 4th Street in the dense pocket of the Boyle Heights, the subject property was being used as a 3 bedroom and 2 bath Single Family house for 20+ years (delivered empty no later than 4/30/24). However, all the Certificate(s) of Occupancy, since it was constructed only allow for commercial uses. Prior to its residential dwelling use it was a Cafe and a Store location. The property is situated in a State Enterprise Zone which reduces the parking requirements to: 2 spaces for every 1,000 SF. More specifically, this would be the new parking requirement for Medical/Dental and Restaurant (take-out/sit-down) uses. The property will be vacant April 30th. City Attorney is requiring the subject to be converted back to its original use. SBA and Conventional loans will finance at 85% to 90% loan-to-value, plus finance all Tenant Improvements for an Owner-User Buyer to capitalize.
4-unit were added and completed in 1988, attached to the original house. Original house is a 2-bedroom front unit which was built in 1916. Located in the high demand rental area of El Sereno. Excellent unit mix with (1) 2 bedrooms, 1 bath; (3) 2 bedrooms 1.5 baths & (1) 3 bedrooms, 1.75 bath. Energy star roof with a 30-yr warranty was installed in June 2022. Most units' water heaters were replaced within the past 4 years. Each unit has 2 parking spaces on site. Individual gas and electrical meter. Tenant pays for all utilities including electricity, gas and trash, except water. El Sereno is an upcoming city, adjacent to Alhambra, Highland Park, S. Pasadena. 10-15 Minutes drive to Costco, Home Depot, USC and Cal State L.A. Walkable score at 95. Lots of upside rent potential for new owner. All rents are current, no behind payment. Only approximately $303/sq.ft. We will have exterior painting or Seller to credit $10000 towards buyer's closing cost.
Fantastic Investment Opportunity: Mix-Use Property with Strong Income Potential Welcome to this exceptional income property, perfectly suited for savvy investors seeking a lucrative opportunity. Currently configured as four units, this versatile mix-use property offers a range of income streams and potential for expansion. Property Highlights: Fully Renovated Upstairs Apartment: Enjoy modern living in the tastefully renovated 3-bed, 1-bath upstairs apartment, offering spacious accommodations and contemporary amenities. Established Hair Salon: A long-standing anchor tenant, the established hair salon provides steady rental income and adds value to the property. Owner-Occupied Unit: The property includes a comfortable 1-bed, 1-bath unit ideal for an owner-user or as additional rental income. Studio Apartment: A cozy studio apartment completes the current rental offerings, providing diversity in tenant options. Expansion Potential: With ample space on the lot, there's exciting potential to expand the property and add more units, maximizing the income potential. Don't miss out on this exceptional opportunity to own a lucrative income property with endless potential. Schedule a viewing today and unlock the possibilities! Buyer to verify SqFT & units
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.
With current rents averaging approximately $1.79 per square foot, a new owner can nearly double the property's income by matching the area's market rents that have surpassed $3.50 per square foot. One-quarter of the units have already been substantially upgraded, providing a blueprint for a new investor to follow and recapture the rent upside. Renovated units feature new wood flooring, quartz countertops, new custom cabinets, stainless steel appliances, tile backsplashes, new lighting, and remodeled bathrooms. Built in 1962, the property is nestled between Echo Park Lake and Sunset Boulevard, sitting just one block from both one of Los Angeles' most popular parks and one of the city's trendiest streets. As the neighborhood has gentrified in recent years, new shops and restaurants have emerged along both Sunset Boulevard and Glendale Boulevard, providing numerous destinations within blocks of the property. The building has therefore received a Walk Score of 93, with the immediate area considered a "Walker's Paradise."
