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Annie Culbertson &
Debbie Rossetto

Mobile Phone:
408-707-0340
annieculbertson@comcast.net
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Annie Culbertson &
Debbie Rossetto

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Mobile Phone:
408-707-0340
annieculbertson@
comcast.net
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Los Angeles CA Real Estate & Commercial for Sale

26 Properties Found

The median home value in Los Angeles, CA is $972,000. This is higher than the county median home value of $790,000. The national median home value is $308,980. The average price of homes sold in Los Angeles, CA is $972,000. Approximately 45.51% of Los Angeles homes are owned, compared to 47.38% rented, while 5.3% are vacant. Los Angeles real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you like to see a property, contact Los Angeles real estate agent to arrange a tour today!
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Beds:
n/a
Baths:
Sq.Ft.:
9,375
Status:
NEW LISTING
MLS#:
CL24386967
Type:
Business Opportunities
Lot size:
0.13 Acres
Year built:
1924
A broker reciprocity listing Courtesy: Eric Dilanian - Remax Commercial and Investment Realty Eric Dilanian ericdilanian@remaxcir.com
View additional info

We are pleased to present for sale this rare Mixed-Use investment opportunity in one of LA's hottest locations Silver Lake! Offered for sale for the first time in 40 Years and strategically located on famous Sunset Boulevard, 2506 W Sunset is a 9,375 SF stunning brick building built in 1924. It is composed of (3) Ground Floor Retail Units and (7) Apartment Units on the 2nd Floor, with (3) Expansive Storage Units, poised for an ADU(s) (Buyer to Verify Feasibility). The property is situated on lot size of 5,700 SF, Zoned (Q) C2-1VL, Tier 3 TOC with 50 Foot Frontage and 35K CPD on Sunset Blvd, with Alley Access off Coronado Street with (8) Parking Spaces at the rear of the lot.2506 W Sunset Blvd is considered "Walkers Paradise" with a walk score of (92), where daily errands do not require a car.DO NOT DISTURB TENANTS. All Offers must be submitted on CAR form CPA with current proof of funds, schedule of real estate, and pre-approval if applicable. Disclosure: Buyer to conduct any/all due diligence including but not limited to the building square footage, lot size, legal bedroom/bathroom count, parking count, unit mix, year built, zoning, market rents, and the ability to construct ADU(s) or additional units. Do Not Walk on Property or Disturb Tenants.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
NEW LISTING
MLS#:
CL24383057
Type:
Business Opportunities
Lot size:
0.16 Acres
Year built:
2024
A broker reciprocity listing Courtesy: George Sherf - George Sherf George Sherf georgesherf@gmail.com
View additional info

This modern brand new construction building was designed with the utmost perfection and detail. Discover the new standard for apartment living in DOWNTOWN. The apartment homes feature stainless steel appliances, wood floors, washer and dryer in unit, and central A/C and heating. Enjoy and spend some leisure time on the rooftop deck and enjoy its remarkable views all around. The community features controlled access, fitness center, herb/vegetable garden, and rooftop. All of this comes together to create a truly elevated living experience in one of the most cultured and connected locations in Los Angeles.

Beds:
n/a
Baths:
Sq.Ft.:
11,800
Status:
Active
MLS#:
CRSR24025427
Type:
Business Opportunities
Lot size:
0.16 Acres
Year built:
2024
A broker reciprocity listing Courtesy: Behrouz Lavi - Keller Williams Realty-Studio City Behrouz Lavi b.lavi@kw.com
View additional info

264 S. Union presents a prime investment opportunity in the vibrant heart of Los Angeles. This newly constructed 12-unit apartment building, completed in 2024, offers a compelling prospect for savvy investors seeking a stake in the thriving Los Angeles real estate market. This contemporary gem features a mix of 8 spacious two-bedroom, one-bathroom residences and 4 cozy one-bedroom, one-bathroom units, all meticulously crafted with high-end materials, modern kitchens, and luxurious baths. Each unit is equipped with its own washer and dryer and a split air conditioning system, catering to the discerning tastes of today's urban professionals. The property's underground parking with 12 parking spots accessible from the alley, adds a sought-after element of convenience, while the rooftop offers stunning panoramic views of downtown Los Angeles, including captivating skylights at night. Its strategic location, just a five-minute drive from Disney Hall, the Los Angeles Courthouse, and the Financial District, underscores its investment appeal. In an area characterized by a shortage of modern and new units, 264 S. Union stands out as a rare opportunity to own a piece of urban luxury. Furthermore, its proximity to transportation hubs, including downtown Echo Park and Silverlake, reinforces

Beds:
n/a
Baths:
Sq.Ft.:
4,058
Status:
Active
MLS#:
CL24384553
Type:
Business Opportunities
Lot size:
0.16 Acres
Year built:
1922
A broker reciprocity listing Courtesy: Adam Zunder - Iconic Investments Adam Zunder adam@iconicinv.com
View additional info

Las Casitas is a 5-unit apartment building at 743 N. Occidental Blvd. in the desirable Silverlake neighborhood of Los Angeles. Extensively renovated in2023, the property offers renters a high-demand mix of two 1-bedroom/1bath, one2-bedroom/1-bath, andtwo3-bedroom/2-bath units across 3,560 square feet of improvements on7,100 square feet (0.16acres) of land. Las Casitas is a 1920s Spanish house with four separate bungalows that give tenants the feel of a home. Originally built in 1927, the units were taken down to the studs in 2023 and rebuilt with new hardwood floors, kitchen cabinets, countertops, stainless steel appliances, designer tiles, fixtures, and lighting. The bathrooms have been updated with modern vanities, tiles, bathtubs, and hardware. The units have new windows, split system conditioning units, and in-unit washers and dryers. In addition, the building has copper plumbing, new electrical system & wiring, exterior paint and landscaping. The charming Spanish architecture, resort-style feel, and location are major draws for Las Casitas. Additional drivers leading to the high rents being achieved include the elevated renovation level and designer touches. Tenants have proven they are willing to pay more for a premiumproduct which far exceeds the level of detail found at c

Beds:
n/a
Baths:
Sq.Ft.:
3,456
Status:
Active
MLS#:
CRPW24079912
Type:
Business Opportunities
Lot size:
0.17 Acres
Year built:
1923
A broker reciprocity listing Courtesy: Matias Stofenmacher - Edgestone Real Estate, Inc. Matias Stofenmacher ms@edgestonere.com
View additional info

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.

Beds:
n/a
Baths:
Sq.Ft.:
4,714
Status:
Active
MLS#:
CRDW24076478
Type:
Business Opportunities
Lot size:
0.15 Acres
Year built:
1958
A broker reciprocity listing Courtesy: Melanie Guillen - Lee & Associates Los Angeles Melanie Guillen mguillen@lee-associates.com
View additional info

We are pleased to present an 8 multi- unit residential property located in the thriving historic Filipino town community, also known as HiFi, which is known for its diverse culinary scene. It is closely bordered by the eclectic and popular neighborhoods of Silverlake and Echo Park. Its central location provides easy access to the citys amenities and attractions, including a multitude of dining and entertainment options. Built in 1958, this multi-unit investment property, consists of eight units with 7 on-site allocated parking spaces. Each unit features two-bedrooms with 1 bath. Five units will be delivered vacant and are therefore primed for transformation. This property offers the perfect canvas for investors looking to revitalize and enhance rental units in a sought-after location, with an easy to operate cash flow property and long term rent appreciation. The 5 vacant units can be rented at market rents with value-added upgrades that maximize tenant appeal. Schedule a tour or contact us for a financial summary for a breakdown of revenue, expenses, NOI, and cap rate.

Beds:
n/a
Baths:
Sq.Ft.:
10,138
Status:
Active
MLS#:
CL24378071
Type:
Business Opportunities
Lot size:
0.38 Acres
Year built:
1956
A broker reciprocity listing Courtesy: Archie Robb - Keller Williams Realty La Canada Flintridge Archie Robb Archie@archierobb.com
View additional info

Welcome to 1651 Redcliff Street, an amazing 6-unit property nestled in the heart of Silver Lake (90026), a highly sought-after neighborhood in Los Angeles. The property offers a diverse unit mix, comprised of a 1927-built front house with 4 bedrooms and 3.5 baths, a triplex built in 1964 with three 2-bedroom, 2-bath units, and a newly constructed duplex featuring two 6-bedroom, 4.5-bathroom units with rooftop decks and stunning views. All units have been beautifully renovated or are newly constructed, commanding top-of-the-market rents. There are RTI (Ready-To-Issue) plans for a storage room to be converted into a spacious (+/-) 731 square foot Accessory Dwelling Unit (ADU). Featuring sunlit interiors with hardwood floors and carefully crafted architectural details, these units provide a warm and welcoming ambiance. Each unit boasts spacious bedrooms, updated kitchens with stainless steel appliances, stylish bathrooms, central AC, in-unit laundry, and private outdoor spaces in some units. Situated on a 16,736 square foot lot, aside from the newly constructed duplex, all units have undergone gut-level renovations, ensuring a modern living experience while preserving their timeless charm. Additionally, all units are separately metered for gas and electric, with parking available fo

Beds:
n/a
Baths:
Sq.Ft.:
6,840
Status:
Active
MLS#:
CRAR24068900
Type:
Business Opportunities
Lot size:
0.18 Acres
Year built:
1961
A broker reciprocity listing Courtesy: Jackson Wong - Coldwell Banker Dynasty Arc. Jackson Wong jacksonwong2@yahoo.com
View additional info

This property is located in an excellent location, walking distance to Target, transportation, restaurants and many more. Consists of eight units, seven units are 2 bedrooms and 1 bath, and the other unit is 1 bedroom and 1 bath. Individual gas meter and brand-new electrical circuit breaker for each unit. Building exterior was freshly painted last month. New 100-gallon water heater was installed in 2020. Easy commute to DTLA and surrounding areas, buyers and their representatives are responsible to do their own inspections and due diligence to verify and satisfy themselves with all city compliances, restrictions and guidelines of the property. Rents are currently below market, market rents are estimated to be $2,500 for 2 bedrooms and 1 bath, and $2,000 for 1 bedroom and 1 bath. The Gross schedule income, vacancy allowance and net operating income are based on estimation only, not actual numbers. Don't miss this great investment opportunity! Do not disturb tenants, drive by only! Offer subject to inspection.

Beds:
n/a
Baths:
Sq.Ft.:
3,600
Status:
Active
MLS#:
CL24375759
Type:
Business Opportunities
Lot size:
0.08 Acres
Year built:
1936
A broker reciprocity listing Courtesy: Jenna Cooper - Compass Jenna Cooper jenna@jennacooperla.com
View additional info

Completely renovated industrial warehouse in the heart of Echo Park, ideally suited for any and all creative uses. High ceilings, brick walls and vaulted wooden bow-trusses are just some of the architectural highlights of this approximately 3,600 square foot space. Two large open spaces an be utilized for any number of purposes. A spacious glass enclosed mezzanine looks onto the vastness of the warehouse below. New systems include insulated foam roof, three new HVAC units, all new electrical, updated sewer and copper supply lines, two baths, outdoor patio, large 12 x 12 roll-up door, four skylights, wired for sound, cameras and alarm. Adjacent to the bustling Mohawk junction mall at the corner of Sunset Blvd. and Alvarado St. convenient to downtown, Hollywood and just blocks from the 101 freeway.

Beds:
n/a
Baths:
Sq.Ft.:
4,235
Status:
Active
MLS#:
CL24376487
Type:
Business Opportunities
Lot size:
0.17 Acres
Year built:
1913
A broker reciprocity listing Courtesy: Caroline Roa Luat Young - Sotheby's International Realty Caroline Roa Luat Young Iampinkyjones@gmail.com
View additional info

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.

Beds:
n/a
Baths:
Sq.Ft.:
5,041
Status:
Active
MLS#:
CRAR24061926
Type:
Business Opportunities
Lot size:
0.14 Acres
Year built:
1960
A broker reciprocity listing Courtesy: Han Chen - Growth Investment Group Pasade Han Chen han.chen@growthinvestmentgroup.com
View additional info

62% Vacant! 5.71% CAP Rate - 5 out of 8 units are vacant and fully upgraded. 259 N Burlington Ave, an 8-unit Semi-Value-Add & High Vacancy (62% vacant) Opportunity in the Heart of the Historic Filipino Town. The property is three blocks from Echo Park Lake and centrally located near East Hollywood, Koreatown, Silverlake, Chinatown, and Downtown Los Angeles. This submarket has been on the uptick for years as more and more luxury apartment & retail units pour into the area, pushing the rental market over the last decade. Priced to sell at a strong CAP Rate of 5.70% and a proforma CAP Rate of 8.40%, this investment offers a very attractive rental upside of 33%. Built-in 1960, 259 N Burlington Ave consists of 8 exceptional units totaling 5,041 SF of building area on a sizeable 6,000 SF lot. The property is an easily maintained two-story building with a strong unit mix of (2) Two bedrooms + One Bathroom and (6) One Bedroom + One Bathroom Units. (1) Two-bedroom unit is a recently built ADU (Non-rent-control, buyer to verify), which was finished at the beginning of 2024. Deliverable with 5 Rent Ready Vacancies to provide robust CAP Rate of 5.70%, low GRM 12.40, and this investment offers a significant rental upside of 33%. The ownership has recently completed many sign

Beds:
n/a
Baths:
Sq.Ft.:
6,373
Status:
Active
MLS#:
CL24367349
Type:
Business Opportunities
Lot size:
0.28 Acres
Year built:
1926
A broker reciprocity listing Courtesy: John Boyett - Datashare CR Default Office Don't Delete John Boyett John.Boyett@cbre.com
View additional info

CBRE is pleased to exclusively offer for sale 811 Kodak Drive, a charming, well-maintained, pride of ownership fourteen-unit apartment building built in 1926. The property boasts a favorable unit mix of twelve (12) studio units, and two (2) one-bedroom one-bathroom units. 811 Kodak Drive, is a prime investment opportunity for investors with a highly desired neighborhood.811 Kodak Drive is a premium investment opportunity located in thehighly sought-after neighborhood of Sliver Lake. The property is nestled in a vibrant pocket of the area, granting tenants the luxury of beingwithin walking distance of an array of shops and restaurants. This desirable location not only enhances the quality of life for occupants but also promises a robust demand for the property, making it a lucrative investment for potential buyers. The blend of vintage charm, modern convenience, and strategic location make 811 Kodak Drive a truly standout property in Sliver Lake's real estate landscape.

Beds:
n/a
Baths:
Sq.Ft.:
3,527
Status:
Active
MLS#:
CL24368589
Type:
Business Opportunities
Lot size:
0.26 Acres
Year built:
1950
A broker reciprocity listing Courtesy: Cesar Sanchez - Compass Cesar Sanchez cesar.sanchez@compass.com
View additional info

7 unit property

Beds:
n/a
Baths:
Sq.Ft.:
3,527
Status:
Active
MLS#:
CL24350091
Type:
Business Opportunities
Lot size:
0.26 Acres
Year built:
1950
A broker reciprocity listing Courtesy: Cesar Sanchez - Compass Cesar Sanchez cesar.sanchez@compass.com
View additional info

In the up-and-coming area of Westlake/ Historic Filipino town adjacent, sits a mid century 7-unit apartment building on a large 11,000 plus sq. ft. lot. It's located in the City of LosAngeles in the Historic Filipino just west of DTLA in the area now going as HiFi. Property contains a unit mix of ( 6 ) one bedroom / one bathroom units and ( 1 ) two bedroom / two bathroom units. Building has great rental upside potential. The exterior has been recently painted and the frontage re-landscaped. 5 potential parking spaces in the rear can be accessed through the alley. This area is going through some great positive changes and it is an excellent opportunity. Plenty of rental upside as well as potential development opportunities on the half empty lot with rear alley access.

Beds:
n/a
Baths:
Sq.Ft.:
5,400
Status:
Active
MLS#:
CRSR24048175
Type:
Business Opportunities
Lot size:
0.13 Acres
Year built:
1905
A broker reciprocity listing Courtesy: Rosi Agopian - Beverly and Company Rosi Agopian rosiagopian@gmail.com
View additional info

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.

Beds:
n/a
Baths:
Sq.Ft.:
10,172
Status:
Active
MLS#:
CL24366281
Type:
Business Opportunities
Lot size:
0.34 Acres
Year built:
1928
A broker reciprocity listing Courtesy: Nick Astrupgaard - KW Commercial Studio City Nick Astrupgaard nastrupgaard@kw.com
View additional info

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-

Beds:
n/a
Baths:
Sq.Ft.:
4,073
Status:
Active
MLS#:
CL24364671
Type:
Business Opportunities
Lot size:
0.15 Acres
Year built:
1931
A broker reciprocity listing Courtesy: Sean Rosenzweig - Marcus & Millichap Sean Rosenzweig sean.rosenzweig@marcusmillichap.com
View additional info

We are pleased to offer for sale a six unit renovated apartment community located at 639 Robinson Street. The subject property is located north of the 110 Freeway and west of Silver Lake Boulevard. Located just minutes away from downtown Los Angeles, Silver Lake is renowned for its artistic flair, diverse dining scene, and scenic landscapes. Explore the eclectic neighborhood, where trendy boutiques, hip cafes, and world-class restaurants await. With easy access to Griffith Park's hiking trails and the vibrant city scene, 639 Robinson Street offers the perfect location for those seeking the quintessential LA lifestyle. Situated on a 6,616 square foot parcel, the property is comprised of one one-bedroom and five two-bedroom units. Current ownership has extensively renovated units with brand-new stainless-steel appliances, energy efficient washers & dryers in unit, powerful split AC/heat unit, dual pane windows, all new vinyl floors/tiles, and more. 639 Robinson Street presents investors with a unique opportunity to attain a fully renovated asset in a rapidly growing Silver Lake market making it an excellent investment opportunity poised for long-term stability.

Beds:
n/a
Baths:
Sq.Ft.:
2,669
Status:
Active
MLS#:
CRSR24025933
Type:
Business Opportunities
Lot size:
0.07 Acres
Year built:
1912
A broker reciprocity listing Courtesy: Gabriyel Mamikonyan - Keller Williams World Media Center Gabriyel Mamikonyan gabriyel@aigcre.com
View additional info

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

Beds:
n/a
Baths:
Sq.Ft.:
8,864
Status:
Active
MLS#:
CRAR23225195
Type:
Business Opportunities
Lot size:
0.23 Acres
Year built:
2024
A broker reciprocity listing Courtesy: Alan Lu - ALTC Realty Alan Lu alu@altcrealty.com
View additional info

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.

Beds:
n/a
Baths:
Sq.Ft.:
1,943
Status:
Active
MLS#:
CL23339759
Type:
Business Opportunities
Lot size:
0.17 Acres
Year built:
1914
A broker reciprocity listing Courtesy: Tim Steuernol - NAI Capital Commercial Inc. Tim Steuernol TSteuernol@naicapital.com
View additional info

1762 Glendale Blvd is a multifamily property located in the sub-market of Echo Park in the city of Los Angeles. Constructed in 1914, the three detached bungalow-style units total 1,943 square feet. The buildings are situated on 7,475 square foot lot, zoned LAC2, with parking for (3) cars. This strategically positioned commercially zoned lot offers an incredible opportunity for an investor, developer, or owner/user seeking a prime location in one of the most sought-after neighborhoods in Los Angeles. The property offers multiple strategies to add value. From remodeling the existing vacant bungalow units with the potential to build an ADU and Junior ADU on the lot, to redeveloping the site for multifamily, mixed-use, or affordable housing. A developer has the potential to build (18) units on the site by-right or develop a 100% affordable housing project under Executive Directive 1 (ED-1) with unlimited density.

Beds:
n/a
Baths:
Sq.Ft.:
2,344
Status:
Active
MLS#:
CRPW23215785
Type:
Mixed Use, Business Opportunities
Lot size:
0.17 Acres
Year built:
1908
A broker reciprocity listing Courtesy: Jay Kang - Bestway Realty Jay Kang jaykang714@gmail.com
View additional info

This is a great opportunity to acquire a commercial property (Mexican Restaurant) with 2 residential units in the heart of the Echo Park area. It is located on Alvarado Blvd. nearby Sunset Blvd. This property is also located in the PROPOSED mixed-use zoning(Buyer must verify zoning details with the City). Heavy daily traffic at a big street cornerlot 7561 sq ft.

Beds:
n/a
Baths:
Sq.Ft.:
3,144
Status:
Active
MLS#:
CL23314985
Type:
Business Opportunities
Lot size:
0.15 Acres
Year built:
1922
A broker reciprocity listing Courtesy: Emily Johnson - Sotheby's International Realty Emily Johnson emily.johnson@sothebys.realty
View additional info

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.

Beds:
n/a
Baths:
Sq.Ft.:
4,312
Status:
Active
MLS#:
CL23292227
Type:
Business Opportunities
Lot size:
0.17 Acres
Year built:
1923
A broker reciprocity listing Courtesy: Andres Diaz - Keller Williams Downtown LA Andres Diaz Andres.Diaz@kw.com
View additional info

Highly sought after bungalow structures located directly across Echo Park Lake. The opportunity consists of five (5) structures for ten units including six (6) studio units and four (4) one-bedroom units. There is approximately thirty-eight (38%) percent rental upside that can be achieved through unit turnover. In addition, there are four (4) single car garages allocated to the one-bedroom units. More importantly, there is assumable financing at a fixed rate of 3.66% till 2032 which is extremely attractive relative to today's capital markets.

Beds:
n/a
Baths:
Sq.Ft.:
13,260
Status:
Active
MLS#:
CL23289265
Type:
Business Opportunities
Lot size:
0.2 Acres
Year built:
2020
A broker reciprocity listing Courtesy: Andres Diaz - Keller Williams Downtown LA Andres Diaz Andres.Diaz@kw.com
View additional info

Kingside Investment Group of Keller Williams Downtown Los Angeles is proud is present 1111 Echo Park Avenue, a luxuriously built 2020 new construction apartment building in Echo Park. The property is comprised of nine (9) one-bedroom units that vary in size from 740 square feet to 1,050 square feet and two (2) two-bedroom/two-bathroom units that measure 1,300 square feet. The property offers a superb location across Echo Park Lake and one block away from Sunset Boulevard. Each unit boasts private balconies, in-unit washer/dryer, and stainless-steel appliances. The apartment complex is fully leased and offers a prospective investor very attractive assumable financing in the amount of $4,500,000 with a fixed rate of 4.30% till 2027. 1111 Echo Park Avenue presents an opportunity to acquire a non-rent-controlled asset in a submarket that has little to no inventory for new construction development due to its harsh new development regulations and scarcity of land. Certificate of Occupancy was issued in March 2022 and the property has controlled access with an elevator and gated garage.

Beds:
n/a
Baths:
Sq.Ft.:
4,912
Status:
Active
MLS#:
CL23268384
Type:
Business Opportunities
Lot size:
0.14 Acres
Year built:
1962
A broker reciprocity listing Courtesy: Roderick 'Rick' Raymundo - Marcus & Millichap Roderick 'Rick' Raymundo Rick.Raymundo@MarcusMillichap.com
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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."

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