Huge 550k Price Reduction! These 22 apartment units are an incredible investment opportunity cash flowing at a remarkable Current Cap Rate of 6% and 12 GRM from day one. Priced attractively at only $293k/door for fully renovated units, this property offers a significant upside potential to achieve an impressive 8% Cap Rate and 9.5 GRM on the proforma. This is a rare and excellent opportunity to acquire a turnkey apartment building with value-add potential in one of LA's hottest neighborhoods, Highland Park. The property features 12 fully renovated units with permits consisting of 8 units and 4 brand-new attached ADUs. Additionally, the parking soft-story retrofit has already been completed and all units are individually metered for gas and electricity, ensuring maximum efficiency in operation costs. The property features a diverse unit mix of 2 (2 bed/2 bath), 2 (2 bed/1 bath), and 18 (1 bed/1 bath) units. 13 units have been completely renovated with permits (1 vacant) and boast a high-end aesthetic with new modern cabinets, flooring, recessed lighting, new bathrooms, stainless steel appliances, as well as major exterior capital improvements. Notably, there are Preliminary Plans for 2 additional Detached ADUs over the open parking lot in the back that offer exceptional future ups
This property consists of two parcels, next to each other. Both parcels sold in one sale. Parcel 6069-012-006 includes two buildings at 1786 E. 110th St, units 1-4 (1 bedroom each), and two detached houses at 11008 and 11010 (2 bedroms each). Lot size is 14,019. Parcel 6069-012-007 includes two detached houses at 11012 and 11014 (1 bedroom in front and 2 bedroom in rear). Lot size is 5,131.12. These two parcels include a sizeable amount of land for renovation or new build, and there is lots of potential. There was a Los Angeles Code Enforcement inspection a few months ago and all passed the inspection by ensuring all health and safety issues are up to code. There was a substantial amount of expenses for repairs as required for the City, which increased the expenses for these properties in 2023. Most of the tenants are long term and have lived at the property for over 15-20 years. There was a 4% rent increase as authorized by City of Los Angeles effective March 2024.
We are delighted to present for sale a six-unit apartment complex situated at 947 South St. Andrews Place. Ideally positioned between Wilshire Boulevard and Olympic Boulevard, just west of Western Avenue, this property is situated in one of the most sought-after enclaves of Koreatown. Constructed with a wood frame/stucco blend, the property occupies a 6,132 square foot parcel. The unit configurations include one single unit, three two-bedroom/two-bath units, one two-bedroom/one-bath unit, and one three-bedroom/two-bath unit. Amenities comprise an on-site laundry facility, on-site parking, and individual metering for electricity and gas. To provide further details, five of the six units underwent a thorough remodel eight years ago, featuring new custom kitchen cabinets, granite countertops, renovated bathrooms, new hardwood flooring, and updated air conditioning systems. All units have currently below-market lease rates and the new owner will have good space to improve CAP after the completion of the purchase. Close to Transportation, Market, Restaurant, Bar, and Shops. This property is offered "As Is," with no warranty or liability to the seller and brokers. Prospective buyers/agents/brokers are kindly requested not to disturb the current tenants.
Invest in the heart of LA's affluent neighborhood! 10772 Woodbine St offers upscale apartment living with high investment potential. With its coveted location and upscale amenities, this property promises excellent returns. Join the thriving Los Angeles real estate market today. Invest smart, invest in 10772 Woodbine St!
7-unit apartment building. There are 2 buildings with a unit mix of (3) studios, (3) one-bedroom, one-bathroom units and (1) two-bedroom, one-bathroom unit. Prime investment opportunity with significant value add potential, 90% rental upside. The property is situated in the Florence-Graham area and is just a few miles away from Downtown and a short distance to many restaurants, retail outlets and metro stations.
This is the perfect location in the East Wing of the Famous San Pedro Mart. Just a short stroll over the ramp and you ar at the unit, Space S20. This unit has over 860 SQft and has its own Bathroom. The sellers have owned this unit since 2004 and it's time to relocate closer to home and let someone else enjoy this fantastic location. Hustle and Bustle,with lots of daily energy.
Such a Rare lucrative investment opportunity now available in the heart of Tujunga! This 6 unit single family style property offers each unit with its own attached garage and guest parking spots on a spacious flat 15,000 square foot lot. Each unit features 2 beds and 1 bath, very ideal for comfortable living. This property is situated near shops, restaurants, supermarkets, and schools; this location is highly desirable for renters! In addition, there is a great potential value for future condo development for possibly up to 25 units (subject to further zoning confirmation), this property presents lucrative opportunity for any new or seasoned investor. Don't miss out on this prime investment in a thriving rental and real estate market!
*** Ownership is highly-motivated and will meet the market. We just reduced the price by $200,000, please bring all offers. In addition, ownership is offering seller financing - $300,000 @ 3% for one year. ** 3313 West 48th Street is a 10 unit market-rate RTI development located 0.3 miles from the Metro K-Line, Leimert Park Plaza, and the intersection of Crenshaw Blvd. & Leimert Blvd. This RTI development opportunity is next to two of the most significant community-driven investment projects in South Los Angeles, and is surrounded by numerous projects currently under construction by prolific developers. The 7,731 SF corner lot (zoned C2) has approved plans to develop 3 duplexes (2,827 SF each) and a 977 SF ADU. Plans call for 3 duplexes (2,827 SF each) and a 977 SF ADU. The front duplex will feature (2) 3-bdrm. and 3-bath units with roof decks, the middle duplex will feature a 3-bdrm. and 2.5-bath unit and a 4-bdrm. and 4.5-bath unit with a roof deck. The rear duplex will feature (2) 3-bdrm. and 3-bath units. Each duplex features a recreation room that is designed to be converted to an ADU after the Certificate of Occupancy.
Location! Location! Location! This property is a mixed-use building with 7 units; 3 residential and 4 storefronts. Located at the corner of Temple Street and Rosemont Avenue in the 90026 zip code area of Los Angeles in "Historic Filipinotown" which is also known for its trendy and diverse neighborhoods such as Silverlake and Echo Park. The mixed-use building is conveniently situated near public transportation with several bus lines that run in the general vicinity of this address. The property can be used for both residential and commercial purposes, which makes it a unique investment opportunity for those looking to generate rental income. This area is undergoing a significant transformation with new construction condominium developments, which increase the property values and potentially even new businesses or amenities. Less than 3 miles distance from Downtown Los Angeles. Easy access to Fwy entrance.
LAC2 zoning, corner property great for future development, Exceptional investment opportunity awaits in one of most sought-after neighborhoods. This five unit building, ideally situated near the vibrant shops and restaurants presents a unique opportunity for investors, buyers and builders. Comprised of three 2 bedrooms and two 1 bedrooms and 5 parking spaces. The true potential can be seen with current rental market values in the neighborhood. Tenants are month-to-month, pay rent on time and will remain in place. Seller sates building needs retrofitting within next 2 months and the cost is around $40k.
Miracle Mile "game-changer"! Incredible opportunity to acquire a fabulous, vacant lot with RTI plans for a 19-unit residential apartment in one of the most desirable and sought-after communities in Los Angles. Once the RTI is issued, your developer client can "hit the ground running". Fantastic Miracle Mile/Mid-Wilshire location where little new construction is being offered. If you're a developer looking for you nest project, this one is a winner. Photo is a rendering of the building.
16 Units + 4 Recently Built ADUs | (5) One-Bedroom Units and (15) Two-Bedroom Units. Attractive Town-Home Floor Plans with Balconies and Hillside Views! Property Offers Secure Gated Entry, Parking and Laundry Facilities for Tenants!
OPPORTUNITY ZONE! ED1 PROJECT DEVELOPMENT PROJECT 45 + Units, Affordable Housing OR OWNER USER RESTAURANT WITH MOST OF THE RESTAURANT EQUIPMENT THERE BIG DINING AND EXTERIOR SITTING AREA AND LOTS OF PARKING. This Prime property Boast a generous 7549 Square foot Corner lot with convenient alley access. Currently , it features a closed restaurant making it a versatile canvas for your nest investment or development venture . Zoning LAC2, TOC TIER 3 . Multiple Apartment projects being built on Main St. Metro LA Near Downtown LA AND USC. Property being sold as is for land value only. Please call listing agent for more info.
We are pleased to present the opportunity to acquire a fixer 6 unit apartment building in East Hollywood! 4 of the 6 units will be delivered VACANT and present the ideal situation for a buyer to remodel and renovate the vacant units right away! The building consists of 2 structures--the front building consists of 5 units and the back building consists of 1 unit. ALL the units are in a heavy fixer condition. There are also 4 detached garages in the back lot, which can be converted to one or more ADUs. The spacious +/- 7,895 sq. ft. lot. also presents the opportunity to build additional ADUs on the lot. Upon renovating and repositioning the units, the buyer can realize annual rental income of at least $142,800. Located in an Opportunity Zone, the building could provide potential tax benefits for a buyer! The buyer also has the option to revise the unit interior floor plans to maximize revenue. Given the building's central location in the bustling rental Hollywood rental market and close to Virgil Village, Melrose Hill, and the numerous establishments across Santa Monica Blvd., this is a value-add investment not to be missed!
Beautiful 5 unit townhome built in 1991 and not subject to Los Angeles City Rent Control (buyer to verify). Each unit is 2 bedroom and 1.5 bath and over 1,360sf. Each unit is townhouse style with 2 car private garage on bottom level with direct access to the house. Each unit comes with washer / dryer hookups in the garage. First floor has large living room, eat in kitchen, and half bath. Second floor has two large bedrooms with ample windows and closet and full bathroom. One unit recently renovated with everything new and rented at $2895. Proforma cap 5.67. Current cap 4.34. Owner may carry with 30% down. End units #1 and #5 have balconies. New roof installed in 2022. quiet residential street. Easy access to Freeway. Very low expenses with tenants paying for own gas, electric, trash. Landlord pays only water.
Great opportunity to own this 12 unit building in the city of Tujunga. Two seperate buildings, 10039 and 10043 Haines Canyon, each with 6 units totaling 12 units. Unit mix are 2 beds 1 bath and approximately 800 sq ft each, totaling approximately 9,588 sq ft ( per assessor). The Lot is approximately 17,013 sq ft ( per assessor ). The Building has 20 parking spaces, consisting 12 carports and 8 open parking spaces. Four units are available for rent. Tujunga is experiencing great demand and growth due to an influx of residents migrating from nearby cities. Close proximity to shopping, transportation, schools and local amenities. This is your opportunity to expand your investment portfolio and own this amazing income property.
Huge 400k Price Reduction! 100% Fully renovated 16-unit apartment building (13 vacant) with permits cash flowing at an amazing 6% Cap Rate and 12 GRM from day 1! Additionally, there are fully approved RTI plans to add two detached ADUs in the garages (Under Construction) to achieve a remarkable 7% Cap Rate and 10.7 GRM.201 North Normandie Avenue is a sixteen-unit apartment community in Los Angeles, CA. The offering provides investors with a unique opportunity to purchase a premium asset that is completely vacant and lease out at market rates. 201 N Normandie Avenue was built in 1923 and boasts sixteen stylish apartment homes. Ownership has conducted a complete property restoration with permits. It features an attractive unit composition of sixteen (16) spacious and well-designed One-Bedroom | One-Bathroom units. In all, 201 North Normandie Avenue features 7,956 square feet of improvements on a collective 7,700 square feet of land, zoned LAR3. The property is separately metered for gas and electrical utilities.The property has seen a complete restoration, down to every inch. Overall systems were overhauled with a new roof, plumbing, and electrical systems were updated within the last couple of years with a new panel and wiring. Also, there are updated HVAC systems and new windows
3356 Hamilton Way, Los Angeles, CA 90026 is a fifteen-unit apartment community located in the heart of Silver Lake. The property offers the next owner a unique opportunity to purchase an irreplaceable asset with the potential to be one of LA's premier bungalow communities. Built in the 1920s, 3365 Hamilton Way teems with original charm only seen in century-old vintage bungalow properties. The property is entered through a private gate and consists of nine separate structures sprawling across the Silver Lake hills. Each of the units is 1-bedroom / 1-bathroom and thoughtfully designed. Three units stand alone as individual homes, five are single-story bungalows, and the remaining eight are two-story, townhome-style units. Current ownership has seen to the top-to-bottom remodel of four units, featuring new designer bathrooms and kitchens, original wood flooring, in-unit laundry, and new chrome appliances. Many of the units also feature both tree-top and surrounding neighborhood views. Additionally, private gardens have been created for several units, along with completing voluntary soft-story retrofit of the garages. Those in the know know Silver Lake is one of the hottest rental destinations in Los Angeles. Located between the hotspots of Los Feliz and Echo Park, it offers down-to-
An opportunity of a lifetime to own an Income property in this 241-year-old historical Los Angeles community.7 units all separate like small bungalows 2 are 2 bedrooms 1 bath each. 4 are 1 bedroom 1 bath each 1 is a house 3-bedroom 1 bath, Easy accesses to major freeway's such as the 5 and 10 and 101.Boyle Heights mix of history and trendy coffee shops, Restaurants, art and music creates a high demand for renter's desire to live with the community being 75% of residence are renters.
Barton Apartments is a charming, Spanish Revival garden apartment complex located in Hollywood, one of the most exciting and dynamic neighborhoods in Los Angeles. The property consists of eight units, each with its own entrance, and five individual, fully enclosed garages. Four of the eight units have been fully remodeled with stainless steel gas ranges and quartz countertops. The units feature hardwood floors and air conditioning. Built in 1924, the 3,964-square-foot property sits on a 6,497-square-foot lot.
This is an exciting investment opportunity in South Los Angeles! Don't miss this remarkable 5-unit income property with immense potential for savvy investors. This property boasts a mix of four 1-bedroom,1-bathroom units and one 2-bedroom. 1-bathroom unit, perfectly designed for rental income. Each unit is equipped with its own washer and dryer hookup, providing convenience, and added value for the tenants. There is ample parking with one single car garage, and two 2-car garages ensuring sufficient parking for all residents. While the property may require some renovations and upgrades this presents a fantastic chance for investors to add value and maximize returns. Priced competitively and poised for transformation, this property represents an exceptional opportunity in the thriving South Los Angeles real estate market. Here's your chance to turn this diamond in the rough into a lucrative investment.
An incredible investment opportunity awaits you in the heart of Boyle Heights! This offering comprises 16 units and 3 retail spaces, providing a panoramic view of Downtown Los Angeles and the iconic 6th Street Bridge. The structures, encompassing a total of 10,469 square feet, are strategically positioned on approximately 18,736 square feet of land. Conveniently situated at the corner of 4th Street and Boyle Avenue, the property boasts high visibility. Of the 16 units, 15 feature a 1 bed/1 bath configuration, while one unit stands out with 3 beds/2 baths. Notably, the City of Los Angeles has completed earthquake retrofitting on the property as of June 20, 2023. This prime location offers more than just physical appeal; it's a strategic investment for those seeking entry into the commercial real estate market and development. The property's accessibility is enhanced by its proximity to major freeways, including I-5, I-10, 101, and 60, making it a highly desirable asset. Don't miss out on this golden opportunity to own a piece of Boyle Heights' thriving real estate landscape!
We are proud to present New Hampshire Villas, 12 units located at1145 S New Hampshire Avenue in Los Angeles. Built in 1929 the structure is 6,710 rentable square feet and was remodeled in 2018. The units mix consists of 8 studio / one bath and4 one bed / one bath apartments. Each unit is individually metered for both gas and electric with individual water heaters (meaning tenants pay to heat their own water) lowering the owners operating costs. Located in the highly sought after Koreatown neighborhood, the New Hampshire Villas is an extraordinarily well renovated apartment complex featuring secure entry, high end finishes including stainless steel appliances and a recently replaced roof. Tenants benefit from the properties high walk score (94), access to public transportation as well as the trendy bars and restaurants in the surrounding area. This is a perfect opportunity for an investor to acquire a well-maintained property with rental upside in the highly desirable Koreatown Submarket.
Manhattan Living in Los Angeles!! A once in a life time opportunity to acquire a four story building with a top 2 story Penthouse over 4000 sq ft with 360 Ariel views of all of Los Angeles. The Penthouse will be delivered vacant. Built in 1989, this apartment complex features six 2 bedroom 2 bathroom units, all with washer and dryer units. Units are not subject to Los Angeles rent control and 5 out 6 units are due for immediate increases. Located in the desirable Miracle Mile /Hancock Park rental market area Near the Grove, Pan Pacific Park, Beverly Center, Cedar Sinai and Melrose shopping. Underground parking ample for 2 cars per unit. Being sold by original developer. There is no Property like this one. Shown with accepted offer only. Please do not disturb tenants.
An opportunity of a lifetime to own an Income property in this 241-year-old historical Los Angeles community. This 6- unit 6 bedrooms 1 bath each. With with washer and dryer hook ups. Easy accesses to major freeway's such as the 5 and 10 and 101.Boyle Heights mix of history and trendy coffee shops, Restaurants, art and music creates a high demand for renter's desire to live with the community being 75% of residence are renters Property has a brand-new roof. The signs of gentrification are clear as new development and companies moving into the area.
