Spread over three buildings on one large 10,319 parcel, the property contains exclusively two-bedroom apartments. While six of those units were constructed in 1922, four units were added in 1988. A new investor may be able to continue the current program of upgrading unit interiors, which has established rent benchmarks at $2,383- $2,495. In total, there may be approximately 46% rent upside among the remaining below-market units. Situated near the intersection of Santa Monica Boulevard and Western Avenue, the property lies just east of Paramount Studios and the Hollywood Forever Cemetery. The exclusive Hancock Park neighborhood is only a few blocks southwest, while Koreatown and the Hollywood Walk of Fame are both nearby as well. The new 14-story ICON office tower, primarily leased to Netflix, was recently completed at the nearby Sunset Bronson Studios, while additional new construction is scheduled for Sunset Gower Studios, just one mile from the property. There, a joint venture between Hudson Pacific Properties and The Blackstone Group will be expanding the studio and office space, adding 620,000 square feet to the studio campus. The Melrose Hill neighborhood was recently named Los Angeles' Hottest Culinary Boom Town by Eater Los Angeles. Several exciting dining options have re
8819 Reading presents a significant value-add opportunity to acquire a 6-unit apartment building in the Westchester neighborhood of Los Angeles. The property is fully leased, with 3 of the 6 units having recently been fully renovated and are now achieving a significant rent premium compared to the unrenovated units on the property. The sale of the property also includes RTI plans for a 2 Bedroom ADU. Recent building upgrades include: replaced roof, installed dual-pane windows, copper plumbing, and painted the exterior of the building. Westchester has received a large overflow of residents seeking less expensive luxury living near their places of employment, providing new ownership the opportunity to continue the value-add renovations at 8819 Reading and capitalize on the increasing demand for premium finishes in this rental market.
KW Commerical is pleased to present 4233 Burns Avenue, Los Angeles -- a special 28-unit Apartment Community in the highly desirable Virgil Village sub-market and just half a mile from the Sunset Junction. 4233 Burns Avenue is an attractive Courtyard-style property. The unit mix boasts Twenty-Seven (27) large One-Bedroom units and One (1) spacious Studio Apartment. Current ownership has updated and remodeled 14 of the 28 units. Upgrades include new hardwood laminate flooring, new modern kitchens with granite or quartz countertops, new custom kitchen cabinets, and high-end stainless steel appliances. The bathrooms were tastefully updated with modern vanities, LED Smart Mirrors, and designer tile and finishes throughout. Current ownership has provided a proven model and opportunity to increase rents by over 40% as units turn naturally. Other amenities include a private gate and intercom entry, an onsite washer/dryer room, and 26 parking spaces. 4233 Burns Avenue is not on the LA City mandatory seismic retrofit list. The property offers a combination of modern living and relaxed comfort while centrally located in one of LA's most engaging and diverse neighborhoods. Virgil Village is a trendy neighborhood with creative vibes, artful boutiques, and inventive eateries. Tenants are close
513 S Union Ave is a 12-unit Apartment Building constructed in 1922. Situated in Westlake, one of the most active areas for development in the Greater Los Angeles region, this property offers investors an opportunity to tap into the potential of one of Los Angeles' most dynamic neighborhoods. Boasting a zoning designation of LAR4, this property provides flexibility and potential for expansion, complemented by the stability and reliable financing offered by a Freddie loan with a 63% Loan-to-Value ratio until May 2026, including a nominal assumption fee of 1%. Conveniently located, residents enjoy easy access to job centers and entertainment hubs such as Downtown Los Angeles,Hollywood, and Koreatown. This strategic positioning enhances the property's appeal, offering investors a gateway to a thriving urban landscape ripe with opportunity. Additionally, the property benefits from seamless access toseveral major highways, including Interstate 10 (I-10), Interstate110 (I-110), and US Route 101 (US-101), facilitating convenient travel throughout the Greater Los Angeles area.With its strategic location, favorable financing options, and abundant growth potential, 513 S Union Ave presents an exceptional opportunity for those seeking to blend stability with long-term growth in the vibrant
Fantastic opportunity for extremely well priced property in the heart of Los Feliz. 5 units fastidiously maintained and close to shops, restaurants and the hub of not only Los Feliz Village attractions but equal distance to Sunset Junction, all reflected in the bonus of a high pedestrian score. Perfect for owner/user possibilities or long term hold. 4 of 5 units have been completely updated with appliances and modern materials. 4 parking garage spaces and one uncovered dedicated parking spot. Attractive ,with less than 16 GRM in Los Feliz area with upside potential of 20%. Kindly do not disturb tenants. Buyer to note that the 3 units in the back were built in 1959.
Vacant Duplex with large size building and lot. New constrution add large new balcony on 2nd floor, all new wireing and plumbing. Seller wants to sell togather with 1722 Crenshaw bl.
Remarkable opportunity to develop 30-units in Prime Korea Town. The existing property is a single family that can be delivered either existing or demolished. The unit mix is as follows: 24 one bedrooms and 6 two bedrooms. Only 3 low income units.
This is a four unit commercial property which is currently fully leased. All tenants are month to month, providing an excellent owner user opportunity. The rents are far below market, offering the savvy investor an opportunity to raise rents to market level to unlock significant upside potential. The property also has a commercial kitchen in one of the units, making the property an excellent candidate for a restaurant conversion. Small unit sizes of 612 sf each are always easy to rent and demand a high rent per sf.
Located in a prime Hollywood pocket, surrounded by various shops, restaurants and cafes. This apartment consist of 5 units in total. Two out of the four units in the rear are upgraded, as well as the front house. All five units are currently occupied. The unit breakdown includes four 1 bedroom 1 bathroom units and one 3 bedroom 1.25 bathroom front house. There are 4 parking spaces in the back and 2 additional open spaces for the front house. Plumbing was updated last year for both buildings. Just minutes away from Koreatown, Los Feliz, Larchmont Village, Santa Monica Boulevard and much more, this property is a unique find in today's market!
Exceptional Opportunity: Prime Commercial Property with Fully Equipped Coin Laundry Assets included. We are delighted to present this exceptional commercial property offering a lucrative investment opportunity. Situated in a highly sought-after location, this property boasts not only the building but also includes all the assets of a fully operational coin laundry facility. This turnkey investment provides prospective buyers with the advantage of acquiring a property equipped with state-of-the-art coin laundry assets, ready for immediate operation or integration into existing ventures. Key Features: - Prime commercial property with versatile usage potential. -Fully equipped coin laundry assets included in the sale price. -Strategically located on Foothill Blvd., ensuring high visibility and foot traffic. -Ample parking space. It is important to note that while this offering includes the assets of the coin laundry business, the sale does not include the business itself, providing flexibility for buyers to explore various entrepreneurial opportunities. Don't miss out on this rare chance to acquire a valuable property with turnkey assets. Contact us today to schedule a viewing and explore the limitless potential this investment holds.
Incredibly unique opportunity to own a piece of Los Angeles history in the Melrose Art District! Two beautifully reimagined classic brick storefronts are a sizeable 3,338 sq feet with large picture windows. The building currently houses the longest running vinyl record store in all of Los Angeles with over 500,000 recordings inside the retail space (also available for purchase). Internationally known for the vinyl and the famous clientele who it served for over five decades. Here's a chance to continue selling one-of-a-kind recordings in an established location. This location on the north side of Melrose Boulevard, beckons entrepreneurs and enthusiasts alive to make their mark on Melrose Avenue's storied landscape.
Classic 60's courtyard building with garden-style, walk-up units, that are prevalent in The Westside. Just North of the 10 Freeway and a few blocks West of La Cienega, the property is located in La Cienega Heights, neighboring Palms - one of The Westside's most robust rental submarkets. A tried-and-true investment option with easy access to jobs, dining and retail in Beverly Hills, Culver City and Hollywood. Highly "walkable" just 2 blocks from a large retail center, anchored by Target, LA Fitness & CVS. Through organic turnover or "cash for keys", a Buyer can expect healthy rent increases and a proforma cap rate of 6%.
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.
Unique storefront multi-tenant retail investment opportunity located in the heart of the iconic tourist mecca of Hollywood Blvd and the Hollywood Walk of Stars. The property has a long stable history of occupancy and consist of four retail units of approximately 2,000 square feet of leasable area each. Walk of fame stars immediately in front of the property include: Fats Domino, Eva Gabor and Al Jolsen. Situated on the south side of Hollywood Blvd between Highland Ave. and Cahuenga Blvd. the location attracts significant foot and drive by traffic visibility and signage.Traffic counts on Hollywood Blvd. are in excess of 26,000 cars per year. It is unique that the property is supported by an underground parking structure with direct suite access and accommodating eight vehicles on site.Additional paid parking is also available on the street and the adjacent parking lot. The site is also located nearly adjacent to the significant Hollywood Blvd redevelopment revitalization project with expected approval in May of 2024. This two-site project located at 1610-1638 Las Palmas Ave., 6626 W. Hollywood Blvd. 1623-1645 and 1638-1644 N Cherokee Ave. will add significant new retail, office, dinning space and over 600 residential units.
We are pleased to present a prestigious opportunity to acquire a true pride of ownership property in one of the best rental locations in prime West Los Angeles. 3355 Manning Avenue, known as Cheviot Lanai, has been lovingly cared for, operated and managed by the same family since it was built by them in 1956. The beautiful open courtyard property boasts an ideal unit mix consisting of all large 1, 2, and 3-bedroom units. Each of the units is extremely spacious, has a terrific floor plan, and offers an abundance of natural light. The property is an ideal mid-century gem situated on nearly a half acre of land zoned R3. Units feature hardwood floors (select units), spacious kitchens/bedrooms/bathrooms, large balconies, and an in-unit washer and dryer (select units). The units that do not have a washer and dryer have laundry hookups for them (except the 1-bedroom unit). Other property features include a well landscaped courtyard with a large sparkling pool, copper plumbing, intercom entrance, a pitched roof, and ample on-site parking. All soft story retrofit work has been completed by ownership. Close to some of the Westside's best dining and nightlife, this rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire a pre
I am pleased to offer for sale a 10-unit apartment community located at 307 South Burlington Avenue. The subject property is located south of 3rdStreet within the Westlake sub-market, which borders three thriving markets Koreatown, Downtown, and Echo Park. Situated on a 5,397 square foot parcel, the property is comprised of four singles, four studios, and two one-bedroom units. The property has 44% remaining rental upside through unit renovations. The continued gentrification of the surrounding area along with the value-add potential for a new owner to renovate units and achieve superior future returns moving forward makes 307 South Burlington Avenue an excellent acquisition opportunity.
3731 Glendon Ave features a unit mix of (5) 1-Bed/1-Bath and (1) Studio/1-Bath units. Beneficial to the new owner, two of the 1-Bedroom units are renovated, including new floors, counter tops, bathrooms, fixtures, etc. Once fully rented, the property will operate at a 5.35% CAP and 12.94 GRM. This investment is in one of the most sought-after neighborhoods on the Westside. This location is every renter's dream being only steps from Downtown Culver City, an area boasting many great restaurants, shopping and entertainment. 3731 Glendon Ave is also located near new tech companies such as Google, Meta, Snapchat, Hulu, Sony, HBO and Apple.
Seller financing available at 4% IO with 40% Down! 2709 Pico Blvd is a 43-unit mixed use building located in the Pico Union neighborhood. This massive 35,982 sqft building is offered at only $138k/unit and $165/sqft. The property is currently operating at a 6.22% CAP and 9.49 GRM. There is still over 39% upside available once the property is stabilized. The property is separately metered for gas and electric. The building is comprised of (36) apartment units and (7) commercial spaces - it is broken down in to (4) 1Bed+1Bath, (32) Studio+1Bath, (2) restaurants, (2) retail, (1) discount store, (1) salon and (1) upholstery store. There are (4) studio/1-bath units that are currently vacant, offering immediate upside in rental income. 2709 Pico Blvd is conveniently located just minutes from Downtown Los Angeles, with easy access to the 10 and 110 freeways. There are many shops, restaurants and amenities nearby, making this an ideal location for renters.
Welcome to a lucrative investment opportunity nestled in the vibrant South Los Angeles neighborhood, just moments away from the prestigious USC campus. This well-maintained six-unit building presents an exceptional chance for seasoned investors or newcomers to capitalize on the thriving rental market of this sought-after locale.
Excellent business opportunity in a well commercial area. It consists of two structures. This property is conveniently located close to the 10 and 710 freeways, downtown Los Angeles and the metro. It offers great potential for rentals.
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.
Samuel Kim and Mooney Lee are pleased to present 24 st East Los Angeles This Liquor Store includes and building and Apartment and one 3 bedroom house an 6-unit apartment building and 4 Unit have above of Liquor store. Property income from Liquor store and 6 unit duplex apartment and other 4 unit up stair and one house This property stands as one of the most attractive multifamily investments in the Sale entire county, boasting a compelling Capitalization Rate ( Cap Rate) on current rental income. A rare opportunity to take advantage of positive leverage.
