Fantastic opportunity for either an investor or owner user to own two retail units in a major retail center. The property is located near the 405/90 freeway interchange on the Sepulveda corridor.
Located one block from the Mar Vista Farmer's Market is this rare Venice Blvd retail and residential building with an easy cap rate of 6.7% without relocating any residential tenants. The property currently has two six residential 1-bedroom apartments, two retail stores, four office suites, and two single car garages. Two One-Car Garages can be Converted into One Studio ADU, Making Seven Total Residential Units. All of the retail and commercial tenants are on month-to-month leases allowing the opportunity to raise commercial rents to a reasonable pro forma income of $187,560 net and bringing your total building NOI to $221,773 or a 6.7% cap rate. Relocating residential tenants adds an ADDITIONAL 20% upside in rents. The front building is two stories and features approximately 2,442 square feet of ground floor retail and commercial space and four 1 bedroom/1-bathroom apartments on the second floor. The second building is a two-story duplex, each unit of which is a 1 bedroom/1 bath that occupies one floor. In between the two buildings are two free-standing parking garages and one assigned parking spaces for each tenant. Pro Forma Cap Rate After Commercial Value-add + Garage ADU Conversion: 7.4%. Pro Forma Cap Rate After Commercial Value-Add + Garage ADU Conversion + Residential Val
100% VACANT - mixed use, Bar-Restaurant on the ground floor with a 2 bed 1 bath residential upstairs. Previously the home of LA Draughts and Santino's restaurant. In 2009 the building was virtually demolished due to a fire and it was rebuilt from the ground up to the 2009 building codes, including earthquake retrofitting, 750 Grease trap installed, Fire Sprinkler system, Infiltration pits, Air Conditioning, ADA approved (as of final inspection date). open flame cooking with hood. This property is ready to go for either fine dining or fast food. Seller and previous tenant states that the entire rear patio, including the 3 parking spaces is permitted for a patio. Permitted for 2 outdoor tables at front of property. All tenants previous tenants have had a beer and wine license. The property is grandfathered for the exemption for off license alcohol sales. Roofing was recently coated. This is a very rare opportunity to own a bar restaurant / residential delivered vacant in Santa Monica, across the street from Whole foods on Lincoln Blvd in the heart of Santa Monica. As of April 13th 2024 the city of Santa Monica issued an "Alcohol Determination zoning conformance review" for a State ABC type 47 Alcohol license
3735 Inglewood is a 10 unit apartment building in a premiere rental pocket of Mar Vista, a neighborhood of LA's Westside between Venice and Culver City. Both of these cities have become a major tech hub with companies such as YouTube, Amazon, TikTok, and Apple leasing office space in the area. The subject property offers a great unit mix consisting of (8) 1 Bed / 1 Bath and (2) 2 Bed / 1 Bath units spread across 6,826 square feet on a large 9,844 square feet lot zoned LAR3. There are 10 individual parking spaces at the rear of the property with alley access. The communal laundry room is also located towards the back of the building with two washers and two dryers. Current rents are 52% below market. Seller financing is available with 9+ years of left on the current note. Interest only rates for the remaining terms is as follows: Year 1: 4.0%, Year 2: 4.25%, Year 3: 4.5%, Year 4, 4.75%, Year 5: 5.0%, Year 6-10: 5.5%. Loan amount is $2,383,225. Please contact listing agents for an offering memorandum.
INCLUDES TO-BE-BUILT 3 PERMIT READY ADUs! CBRE, as exclusive agent, is pleased to present for sale an exceptionally located Santa Monica value-add opportunity comprised of 12 existing apartment units, together with approved and permit-ready plans to build three accessory dwellings units (ADUs), for a potential total of 15apartment units, walking distance to the Pacific Ocean. Located at the northeast corner of 2nd Street and Ashland Avenue in Santa Monica's Main Street neighborhood, 2823 2nd Street includes an existing 12-unit apartment property, of which four units were recently gut renovated and completely modernized with copper plumbing, tankless water heaters, mini-split HVACs
INCLUDES TO-BE-BUILT 3 PERMIT READY ADUs! CBRE, as exclusive agent, is pleased to present for sale an exceptionally located Santa Monica value-add opportunity comprised of 12 existing apartment units, together with approved and permit-ready plans to build three accessory dwellings units (ADUs), for a potential total of 15 apartment units, walking distance to the Pacific Ocean. Located at the northeast corner of 2nd Street and Ashland Avenue in Santa Monica's Main Street neighborhood, 2823 2nd Street includes an existing 12-unit apartment property, of which four units were recently gut renovated and completely modernized with copper plumbing, tankless water heaters, mini-split HVACs in the living rooms and bedrooms, and in-unit washer/dryers, among other upgrades. The Seller also made capital improvements to the property including a new electrical panel with individual meters, new landscaping, and new wrought iron fencing. Of the remaining eight unrenovated units, two will be delivered vacant at the close of escrow. As well, Seller obtained Architectural Review Board and Building Department approval to add a 450 square foot patio space for Unit G (a vacant second-story unit). The Seller also secured pre-approval to build another 450 square foot patio space for Unit H (the other se
Commercial/Retail Space Zoned MU-2A for sale on an appx. 22,240 SF corner lot in Inglewood. The property is appx. 12,400 SF. There is currently a NNN lease in place with State Van Rental that has (3.5) years remaining at $14,688K/Mo w/ 2.5% annual increases. The lease rate for this is $1.15/SF and the market rent is $1.75/SF - making this a 6.1% Market CAP. Easy Access to LAX and the 405.
We are pleased to offer for sale a nine-unit apartment community located at 301 Ashland Avenue. The subject property is located just three blocks from the beach, in an excellent Santa Monica location. Situated on a 7,727 square foot parcel, the property is comprised of five one-bedroom units and four two-bedroom units with spacious layouts and offers 16 parking spaces. The property has undergone a comprehensive renovation program to the exterior, common area and majority of the interior units. 78% of the units feature stainless steel kitchen appliances, in-unit washer/dryer, central heat/AC, new flooring, new countertops, new bathrooms, new lighting & more. Exterior renovations include new windows in all units, new landscaping, new smooth stucco, new electric meters/panel, new front doors & more. The continued growth of the surrounding submarket along with the high-quality interior & exterior renovations makes 301 Ashland Avenue an excellent investment opportunity poised for long term stability.
Offered for Sale: Two Multifamily Apartment Buildings: Westchester Neighborhood Prime Development Opportunity 'TWO PARCELS' side by side. The two properties are being sold as One Purchase under this Listing Agreement. The Data Analysis for the two properties have been combined under one total, as it applies to each of the Data categories. Total Units: 18: Building Size 13,259 SF: Lot Size: 24,308 SF Total Gross Income: $ 276,252 yrly. --- Total Gross Income $23,021 monthly --- Total Operating Expenses: $ 51,192 yrly---- Net Income: $ 225,060 yrly Apartment Building: Lead Address: 7113 La Tijera Blvd Los Angeles CA 90045: APN 4103-008-026 14 Units: Building: 10,495 SF Lot: 16,206 SF Apartment Building: Lead Address: 7107 La Tijera Blvd Los Angeles CA 90045: APN 4103-008-025 4 Unit: Building: 2,764 SF Lot: 8,102 SF Property is subject to the City of Los Angeles Rent Control Ordinance. Laundry facilities on-site: Great opportunity to develop the two properties to their full potential. Will cooperate with 1031 exchange
811 Austin Ave & 7234 S La Cienega Blvd are a wonderful opportunity to purchase a corner lot (two parcels totaling 33,173 sqft). The buildings are composed of 18 units with a mix of (8) 2Bed+2Bath+Den, (2) 2Bed+1Bath and (8) 1Bed+1Bath units. 811 Austin Ave is an eight unit building currently collecting $20,210/gross monthly. 7234 S La Cienega Blvd is a ten unit building with 5 units available for immediate rental upside! Add three ADU's*. Take advantage of this future development opportunity while collecting income - offset cost of development! Build 30 units by right or increase unit amount with affordable housing density bonuses.* Beneficial to the new buyer, the subject properties are located 10 minutes away from the brand new SoFi Stadium, Intuit Dome, Kia Forum and Hollywood Park Development. Build in one of the fastest growing pockets in Los Angeles! **Buyer to confirm information. See Listing Supplements (OM)
12.48 GRM and 5.06% cap in Prime Mar Vista! 11465-11473 Venice Blvd is an amazing opportunity to own two side by side courtyard 7 unit buildings at $339/Sq. Ft. You will not find a better price per door or a better unit mix in the most coveted market in Los Angeles. The property has an astounding 56% rental upside. Whether you are long term or a value-add investor, The Venice Properties are the perfect assets to help achieve your investment goals. The Venice Properties feature 14 units and a large foot print of 12,090 rentable square feet. Each building is identical to the other with a combined unit mix of (10) 2-Bed/1-Bath,and (4) 1-Bed/1- Bath Units. Just steps from Downtown Culver City, this investment is in one of the most sought-after neighborhoods on the Westside. Priced at $4,100,000 the property offer a very low $292k per unit and $339 Sq Ft. The property is currently operating at 12.48 GRM with 56% in Rental Upside! This well maintained asset comes with a brand new roof across both structures and the soft story retrofit completed, minimizing any CapEx for the new buyer. The Venice Properties are sandwiched between new tech companies such as Google, Meta, Snapchat, Hulu, Sony, HBO and Apple *GRM and Cap Rate income assume Manager's Unit to be vacant and rented at Market R
CALL FOR OFFERS MAY 17th 5pm 115 N Oak St is a pride of ownership, 41-unit building located in one of the nicest pockets of Inglewood. Add major value by building 12 ADUs (10 Attached and 2 Detached). The property will operate at an 8.00% CAP and 9.12 GRM once ADUs are built out. The subject property is comprised of (1) 2Bed+1Bath, (27) 1Bed+1Bath, (13) Studio+1bath units, each of which features a tuck under gated parking spot. Beneficial to the tenants, there is a pool onsite, as well as a laundry room. The subject property is located only minutes away from Sofi Stadium, YouTube Theater, Intuit Dome, LAX airport, and many more developments. 115 N Oak St is an ideal investment opportunity for any investor looking to own a prime asset in once of the most rapidly appreciating neighborhoods of Los Angeles. *Buyer to verify all information*
Discover an exceptional investment opportunity at 649 Ocean Park Boulevard, where a remarkable 7-unit apartment complex is waiting for you in the prime Ocean Park area of Santa Monica. This extraordinary property offers a mix of one and two-bedroom apartments, some of which feature breathtaking ocean views. Perched on a hilltop, this property offers an unparalleled living experience. Its ideal location places it just half a mile away from the beach, surrounded by a wide range of dining establishments, shops, and cafes along Ocean Park Boulevard. The rental rates reflect the exceptional value of Santa Monica, but this is your chance to seize a perfect investment opportunity. Don't miss the chance to make a smart move in the real estate markets. Schedule a showing today and secure your stake in this prime piece of real estate.
In an ideal location in the heart of vibrant downtown Manhattan Beach, just steps from the beach and award-winning restaurants, the highly desirable 1300 Highland Shops + Work Lofts complex was designed by master architects to maximize ocean breezes and natural light. Its exposed steel structure, bleached cedar cladding and unique layout echo the communitys modern beach homes. This sleek, 310 square foot office condo is on the coveted top level, with exposed beam ceilings, transom windows and gorgeous sliding glass doors that bring the outside in. Fully upgraded with polished cement floors and rustic/modern finishes, and featuring powered window coverings to control the amount of natural light that floods the space. The unit has a private restroom and separate sink/wet bar area.
Nice big size building with a city parking lot available. The building is occupied with gardening equipment. Check with the city for any future business use.
1047 Ocean Park Blvd is a 5,296-square-foot, seven-unit apartment building located in the Ocean Park Submarket in the City of Santa Monica. Situated on a 6,617-sf corner lot, the property contains a highly desirable unit mix of (five) 2-bedroom/1-bathroom units and (two) studio units, while (one) 2-bedroom/1-bathroom unit is a spacious townhome. The property was retrofitted within the last two years; foundational work was completed in 2023, and a new concrete driveway was installed in November 2022. Furthermore, there are a total of ten parking spaces with four additional tandem spots. 1047 Ocean Park Blvd provides an investor with the opportunity to own a trophy asset in a desirable pocket of Santa Monica! The asset has a value-add component with approximately 42% in rental upside and a 6.50% pro-forma cap rate and 11.07 pro-forma GRM!
GREAT NORTH INGLEWOOD LOCATION! Currently being used as automotive repair with one tenant paying $4,000/month rent. Business is being sold separately by another agent. Property is a corner lot @ Cedar Ave. Former zoning C2, NEW ZONING is MUC (mixed use corridor) development guidelines are apart of the Westchester/Veterans Transit Oriented Development plan (TOD). Per the city planner, dwelling units, live-work units with retail on the 1st level would be allowed on the site if approved. 4 stories max height.
This late 1950's constructed 19-unit apartment complex sits in northwest area of the City of Inglewood. Although Inglewood has its own rent control ordinance, it does not fall under the LOS ANGELES RENT STABILIZATION ORDINANCE. This two-story walk up apartment complex enjoys 12,192 square feet of living area and contains 2- two bedroom one bath, 12- one bedroom one bath and 5- singles. It is situated nicely on a large 20,222 irregular shaped square foot lot with two main buildings and carports and tuck under parking. This is a complex that the majority of the neighborhood residents can afford to live in which usually means high occupancy and collections. Building is located in northwest Inglewood, east of La Cienega and south of Centinela. Inglewood and the surrounding municipalities are home to thousands of employers, creating incredible occupancy pressure on the existing housing stock in the area. Property is central to both the west side of Los Angeles and the South Bay beaches and communities of Manhattan Beach, Hermosa Beach, Redondo Beach, Torrance, and the Palos Verdes Peninsula. LAX is a short drive to the southwest. The City of Inglewood is home to SOFI Stadium and the Kia Forum. The newly completed K Line of the Los Angeles area light rail line system was recently compl
Rare opportunity to purchase this trophy property in the best part of Inglewood. Great unit mix of 53 (2+2) and 5 (3+2) units. The amenities available for residents include a swimming pool, fitness center, control access, laundry facilities on each floor, elevator, and community BBQ. Secured on-site parking is provided with 116 spaces allowing for 2 parking spaces per unit.
Great investment property located in the northwest corner of Hawthorne. This 10-unit property consists of one townhouse-style 3bed/2.5bath front unit and nine 1bed/1bath units. Easy access to the 105 and 405 freeways and conveniently located near Sofi Stadium, the Forum, Hawthorne Memorial Park, SpaceX, Costco Business Center and more!
1502 Maple is a 10-unit bungalow style apartment complex on a large 12,557 sqft lot. The property features 8 (eight) one bedroom units and two bachelor units. The property has two detached garage structures with 4 separate garages. Four of the garages are rented as storage generating $1775/mo of additional income. Being sold at an in-place 5% cap rate and 14.6GRM! With over 50% upside in rents. About half of the property has been renovated, some units have in-unit washer/dryers. The property does have a shared laundry facility. 1502 Maple St is walking distance to some of the best retail in Santa Monica. Owner has the ability to add two large ADU units to the property through a garage conversion.
*This is to be sold together with 10514 S Inglewood Ave for a total list price of $4,850,000. The APNs are 4036-030-009 and 4036-030-012. They will not be sold separately* Great investment opportunity at 10506-10516 South Inglewood Avenue! 5 units vacant, possibly more! The property contains (4) buildings spread across two separate APN's making for (2) 8 unit buildings per APN. There are (32) total units, all of which are 1 bedroom + 1 bathroom unit mixes. The property offers 26 parking spots in a back lot as well as street parking in front. The Owners have added value through the County of Los Angeles LAWA Residential Sound insulation program, the addition of 32 carrier HVAC's, as well as sound insulation for the roof. They have replaced the doors with Noise rated doors and replaced all the windows with double pane windows. The Owners also replaced the electrical panels for all32 units. With a location in the 90304 zip code area, the property has access to numerous restaurants on Imperial Highway as well as Lennox Park just south of the property.*Chase assumable loan fixed until 10/1/2025 on $1,665,179 at4.6
Welcome to 2517 20th St. One of the most sought-after locations in all of Santa Monica. This rare, 5-unit building features a mix of two, two bed/1 bath units and three, 1 bed/1 bath units. This is the perfect investment property that offers strong demand from tenants looking to live in the heart of Santa Monica. Located just blocks from Santa Monica College and all major transportation options, your residents will love their private garages that are ideal for additional storage. Four of the five units have been remodeled and feature their own laundry, original refinished hardwood floors, quartz countertops, tiled showers, and so much more. Our tenants are all professionals and do a wonderful job of maintaining their homes. This property has been meticulously maintained and the owner has spared no expense. This truly is a Pride of Ownership property. Check out the income this property produces. This one can't be missed, so get there quick. One two-bedroom unit can be shown now.
6,000 sq.ft. corner lot one block from Santa Monica Beach and Main Street stores and restaurants. Lot is zoned MUBL (Mixed-Use Boulevard Low), which favors potential development of ground floor commercial and upper floor housing. Highly visible potential site to show off new architecture. Could be used for home and business. The property currently has a 3 BR 2 bath 1,954 sq.ft. home built in 1984. Gated access to a two car garage and additional parking. Do not disturb occupants. Seller will show the house only after accepted offer. To be sold "As Is". Seller requests up to six months leaseback after the sale to facilitate moving.
