This high vacancy corner lot C2 zoned property presents a prime opportunity for an owner-user with attractive 90% SBA Financing available, or an investor or developer. Located just blocks away from historic downtown San Pedro, and nearby Cabrillo Marina, San Pedro High School, and the work-in-progress waterfront development, this property is well positioned with 124 feet frontage on Gaffey Street with approxmiately 28,000 vehicle per day traffic. San Pedro is home to North America's largest port at the LA Waterfront and boasts unprecedented opportunity for expansion with almost 5000 housing starts in various stages of development in and around San Pedro, and multiple commercial developments ready to break ground in Downtown and on the LA Waterfront. Less than 3 miles to the Palos Verdes Peninsula, 5 miles to Long Beach, and just 20 miles south of downtown Los Angeles, this centrally located single-story retail building provides easy access to and from the remainder of Southern California.
We are proud to present a rare opportunity for a developer to acquire an 85-unit, seven-story development project situated in the vibrant Westlake district, just minutes away from Downtown Los Angeles. This remarkable offering encompasses three assembled lots, totaling 19,921 square feet of prime land. The proposed development spans an impressive 64,759 square feet and comprises seventy-nine (79) one-bedroom, one-bath units, as well as six (6) two-bedroom, two-bath units. Notably, the project incorporates forty-three (43) conveniently located parking spaces within the first two stories of the building, eliminating the need for subterranean parking. Seventy-three (73) of the proposed units will be MARKET rate while there are eight (8) very low income and four (4) extremely low income affordable units. It's worth mentioning that the sellers have dedicated over 3 years to navigate the city approval process, and the plans are now at the advanced stage of being approximately 90% Ready to Issue (RTI) status. Furthermore, the seller has initiated an Ellis Act for the ten remaining tenants in the existing buildings, with a scheduled move-out date set for July 2024.The Westlake neighborhood, nestled in Central Los Angeles, offers a unique blend of residential and commercial living. Border
4th Price Reduction! We are pleased to present a 14-unit motel currently operating as an apartment building located along the trending Washington Blvd corridor. With 4 existing vacancies and a projected 7.98% CAP upon leasing of the vacancies, there is immediate opportunity for an operator to renovate and add-value while working with the existing tenants (majority of which are transitional housing) that are currently receiving subsidies up to $1,660 per month! The majority of units compose of bachelor style layouts (no kitchen), with 1 one bedroom unit (stand-alone structure), and 1 two bedroom unit (previous motel office). With 3,526sf of building located on 8,123sf of land, the property is well positioned for a local operator to continue relationships with the existing subsidy providers, or to return the property back to its original motel use. Located just minutes away from West Adams and Culver City, both investors and tenants are able to take advantage of the ever-improving amenities within the neighborhood, including but not limited to local coffee shops, breweries, restaurants, employment hubs, art galleries, and more! Buyer shall complete their own due diligence to determine the current legal use, tenancies, legal amount of units, and all aspects relating to the property.
Huge Price Reduction. Located in the vibrant Toluca Lake, this property is at the center of it all. Precise Real Estate Investments is pleased to offer for sale 10730 Riverside Drive, an extremely rare medical/mixed use building. This remarkably well maintained, pride of ownership property offers an owner/user the opportunity to occupy approximately 1,490sqft of space while collecting income from a larger medical tenant and from a residential tenant. The current owner occupies approximately 1,900sqft and would consider a lease back. The residential unit has been recently renovated and can be rented for an immediate income at a fair market rate. For all questions, please contact the listing broker.
Rare investment opportunity for investors. This property is on the market for the first time after 32 years of ownership. The well-maintained 9-unit 2-story apartment with low operation costs is situated conveniently near 405 Fwy, I-10, UCLA, and Santa Monica Beach. This apartment has two entrances from the front gate and back gate very easy to access the building. The first floor consists of 4 units, and the second floor has 5 units with separate gas and power meters for each unit. The property is on an easy-to-access street; each unit provides a 2-car parking garage with private storage to keep personal belongings, and a community laundry room on the first floor. Also, this property has an extra bathroom and storage room for the owner to use when on duty. The 9-unit apartment consists of 2 units with 2 beds and 2 baths for each unit, 7 units have 1 bed and 1 bath for each unit. On May 1, 2024 rent increased by 4%, the total gross income estimated per month is $18,425.00. Rent Income Per Year $221,100.00, + laundry income $ 2,700 per year. Total $ 223,800.00 a year. Yearly expenses: Estimated is approximately total of $ 38,865.00 a year. ( $ 1,440.00 for gas in laundry, $ 500 for Frontier internet Intercom front door,$240.00 internet for security camera, $ 4,500.00 for trash, $3
Introducing the HARBOR VILLAGE RETAIL & OFFICE CENTER in San Pedro, CA 90732, an outstanding investment opportunity located at 2302 S. Western Ave. in San Pedro, CA. With a total leasable area of 31,834 sq. ft., this one and two story, fully leased property offers a stable and consistent income stream for investors, while providing a terrific Value-Add investment. Home to 21 local, long standing, well known tenants occupying 42 units. This center enjoys high visibility and wide accessibility, thanks to its frontage and accessibility on both Western Avenue and 25th Street. Western Avenue is the dominant retail corridor and thoroughfare for both the eastern portion of Rancho Palos Verdes as well as the city of San Pedro. Situated near a signalized corner and visible to over 25,300 vehicles daily, it offers a prime positioning for retail success. Individually metered for Gas and Electric. Convenience is key, with major retailers nearby - Starbucks, Rock 'N Juice, Fantastic Sam's, Mobil gas station, Chase Bank, Ace Hardware, and Vons and Smart n Final supermarkets. 88 on-site parking spaces ensuring easy access for customers. Walk Score of 69, proximity to the beach, various shops, restaurants, the Trump Nt'l Golf Club, and the upcoming LA Waterfront Promenade, this property is id
Great Corner Commercial lot next to the High School. formerly used as a Gas Station, all old tanks have been removed. Seller has Phase I and Phase II environmental reports in hand. Excellent opportunity to construct a new gas station. The seller has approved plans to build a coin laundry. The existing building on the lot currently not in use.
We are proud to present 4122 Whittier Blvd, Los Angeles, CA 90023. This rare Mix-Use property offers an investor and/or owner-occupier to acquire a rare value add investment opportunity in a strong developing rental market. A 4 unit mixed-use building on the upcoming neighborhood of East Los Angeles. Subject property consist of 2 residential units and 2 retail units. Mini Market Business is included in sale. Great opportunity for investor/Owner operator to increase investment return with additional income. 4122 Whittier Blvd is in an upcoming area for an investor, developer or owner-user to increase income. This East Los Angeles neighborhood has lots of potential, and new Multifamily units are being developed
We are pleased to present 221 S Avenue 19 Apartments: an eight (8) +1 partially permitted private suite multifamily investment located in the heart of the Lincoln Heights submarket of Los Angeles. The property also includes Ready-To-Issue Permits for the construction of two ADU units consisting of two Studio units that will be situated near the rear of the large 9,952 SF lot zoned LA-R1.5. These three, single story, wood frame stucco buildings were built in 1923, 1924, and 1925and consist of 4,130 SF of living area with eight (8) on-site parking spaces. In addition to the 4,130 SF of living area, the ADU additions will add an additional 800 SF of living area to the property when completed. The front Two Bedroom unit was recently subdivided into one(1) Studio suite unit and (1) 1 Bedroom / 1 Bathroom unit with partial permits from the city of Los Angeles (Buyer to verify and complete all due diligence as to the legality of said partial permit | Ask Listing Agent for details regarding this new private suite and permits in place).The property currently features seven (7) One Bedroom | One Bathroom units, one (1) Two Bedroom | one Bathroom unit, and one (1) Studio Suite style unit (Buyer to verify and complete all due diligence as to the legality of said permit). The 2 Bedroom unit h
REFINED PRICING! 5%+ CAP WITH 50% UPSIDE! Discover the potential of 14739 Delano St, a remarkable multifamily asset nestled in the vibrant heart of Van Nuys. This property, spanning 6,908 square feet, stands on a 7,503 square foot lot and comprises 11 bedrooms and 8 bathrooms, making it a substantial income-generating asset?1?. Boasting a rich tenant history, the property has been a choice residence for long-term tenants who value the stability and convenience it offers. The strong foundation of consistent, on-time rent payments highlights the reliability of this investment. With a notable gross rent of $11,000 per month and a potential escalation to a market rent of up to $21,000, this property promises a robust income stream and a horizon of revenue growth. The unit mix is thoughtfully designed to cater to diverse tenant preferences, featuring (5) comfortable 2-bedroom units and (3) inviting 1-bedroom units, ensuring a steady occupancy rate. Ideally positioned, 14739 Delano St offers its residents effortless access to transportation, shopping, and dining venues. The proximity to 'Van Nuys Village' shopping center enriches the living experience, providing a plethora of retail outlets, eateries, and services. The highly reputed 'Van Nuys Unified School District' is a stones th
Court is set. The list price is the minimum acceptable bid price. Agents please see private remarks for additional information. Presenting a Commercial property on a prime corner lot on Alameda, offering a substantial land area of 33,500 square feet. This property offers both stability and growth potential, making it an attractive prospect for investors seeking an income-producing asset with built-in annual rent escalations. Don't miss the chance to acquire this well-positioned property. Trust Sale, court confirmation required.
Excellent owner user opportunity across the street from the South Los Angeles Business Improvement District. 2 separate buildings and parcels. Occupy one and rent out the other OR a great investment opportunity as well. Minutes from the 110 Freeway, close to downtown.
Situated in the vibrant USC Patrol Zone of Los Angeles, CA, 2112 Toberman Ave offers a remarkable investment opportunity. This multi-unit property comprises six wellappointed units, including a brand-new 3-Bed/3-Bath ADU that adds a modern touch to the portfolio. Priced aggressively at 10.72 GRM and 6.48% CAP rate, this property is the best income you'll find this close to campus. The two recently renovated units stand ready for occupancy, providing immediate income potential or the chance to attract premium tenants. Located strategically near USC, Downtown LA, and major transit routes, this property ensures a steady flow of potential renters. The meticulous maintenance of the property guarantees a hassle-free ownership experience. A standout feature of this investment is the brand-new ADU, offering four bedrooms and three bathrooms, perfect for contemporary living arrangements. This addition further enhances the property's appeal and rental potential. With significant potential for property appreciation over time, this investment promises both stability and long-term growth. Don't miss this rare opportunity to secure a promising investment in a dynamic and evolving neighborhood.
Welcome to a truly unique opportunity in East Los Angeles! This industrial commercial property is not just an investment, but a canvas waiting for your imagination to come to life. With a total lot size of 30,405 square feet (3 APNS) , you have the freedom to create your vision - whether it's utilizing the current conditions or embarking on a future development play. Location is always key, and this property has it all. Centrally located with easy access to the 710, 5, 10, and 101 freeways, you'll never be far from the heart of the action. This prime spot is zoned LC-M1, allowing for a range of uses including retail and light industrial. The possibilities are endless! Investors and owner-users alike will be thrilled with the potential this property offers. With two existing buildings on site, you can start generating rental income immediately. Building 4754 boasts an impressive 3,198 square feet, while Building 4766 offers 2,240 square feet. And if that's not enough, there's even an additional unpermitted addition currently used for storage. The choice is yours - utilize the spaces as is, or transform them to suit your needs.
Opportunity knocks excellent investment property! 1901 W MLK is a 9-unit multi-family complex located in the heart of Los Angeles in the desirable Leimert Park neighborhood. All units are 1 bed, 1 bath for a total SF of 5,602 on a large corner lot of 9,012 SF which is $177,777 per door. Earthquake retrofit and new roof completed 18 months ago cost was 100K. Includes on-site parking for tenants. Conveniently located close to shops and restaurants, the USC campus, DTLA, and with great freeway access.
Perfect opportunity for Value Add Investors. This property includes (6) 1BR/1BA Units with parking on Lar3 lot with TOC/Tier 3 designation. This property is located close to major freeways and the brand new sofi stadium. This property has tremendous rental upside. Scheduled to raise the rent in February 2024. Do. not disturb tenants. Seller willing to carry at 4 percent interest only for 7 years.
Seller's loss is the Buyer's Gain! Fabulous New Price on this wonderful Investment Property. 251 N. Kenmore, is an updated and Architecturally Charming, gated Multi-Family building comprised of 6 renovated, 2 Bedroom, 1 Full Bathroom homes ideally located in the heart of Koreatown on an exquisite tree lined street. These beautiful homes have very spacious floorplans, large eat-in Kitchens with Granite Countertops, Laminate Wood Flooring, tons of Windows and Light, 9' Ceilings, Laundry Rooms with Washer & Dryers, very few common walls, as well as Central Heating and Air Conditioning. Own a pride of ownership, trophy property with very little tenant turnover as the homes are so coveted! 10 gated Parking Spaces (5 covered and 5 uncovered). Koreatown's prime location, close proximity to major employment centers, and a wide range of culinary, entertainment and cultural choices make it a highly attractive destination for renters.
I am pleased to offer for sale an eight-unit apartment community located at 836 East 24th Street. The subject property is conveniently located just south of the 10 Freeway within the dense South Los Angeles Sub-Market. South Los Angeles, nestled south of downtown, is a dynamic urban neighborhood where diverse cultures intermingle, creating a rich mosaic of traditions and experiences. South LA's strong sense of community shines through at local parks and venues, while recent urban revitalization efforts have brought new businesses and dining options. Situated on a 6,251 square foot parcel, the property comprises entirely of two-bedroom units. The property was built in 1960 and has 8 on site parking spaces. Select units have been renovated with laminate flooring, new bathroom & kitchen appliances, new cabinets and more. The continued gentrification of the surrounding area along with the remaining value-add potential for a new owner to renovate vacant units and achieve superior future returns moving forward makes 836 East 24th Street an excellent acquisition opportunity.
Perfect opportunity to own a Del Rey multi-unit building with huge upside potential. 12 apartments (9 units / 3 guest units) completely occupied with lots of parking close to LAX, Westside Beaches, Loyola Marymount University, Playa Vista, Santa Monica and Marina del Rey neighborhoods.
Newly Priced! 11627 Mayfield Avenue, located in prime Brentwood, is a distinguished property with a rich history, having been in the same family's care since its construction in 1953. This 7,130 SF property is set on an expansive 11,100 sq. ft. lot and comprises Six (6) One-Bed + One-Bath units and Four (4) 2-Bed + 1-Bath units, with 7 of these 10 units being delivered vacant. Each unit is characterized by its spacious design, abundant natural light, and features evoking 1950s charm. Additional amenities include walk-in closets, heating and AC, a charming rear patio with a barbecue, and ample parking. Its prime location offers proximity to Westside's finest dining, entertainment, outdoor activities, and notable employers like UCLA, making it a lucrative investment opportunity in one of Los Angeles' premier rental locales.
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.
The West 25TH Street Apartments were built in 1912 and has a charming turn of the century Craftsman style architecture. The building is comprised of 3 (1 bedroom / 1 bath), 1 (Single), and 1 (2 bedroom / 1 bath detached unit with private yard space). Tenants pay for electricity and gas. First time on the market in over 40 years! Rare opportunity to acquire a multifamily dwelling within the covenant University Park and The West Adams District location. The West 25th Street Apartments offers an investor an opportunity to reposition this property into their next trophy property! The property has a phenomenal located more notably within walking/scooting distance to The University of Southern California. The West 25TH Street Apartments lies within the UPC Patrol boundaries (DPS patrols the area surrounding UCS's University Park Campus 24 hours per day, 7 days a week). Within a short distance on 24th St (1354 W 24TH ST) sits a USC transportation stop which conveniently busses students to the USC Campus making this property more appealing for future student housing! Other area highlights include ease of access to multiple freeways (10 & 110), hospitals (Dignity Health Hospital), and schools (Norwood Street Elementary, John Adams Middle School, and West Adams High School, University of S
