The Tujunga property currently consists of thirteen multifamily units with two, one bedroom one bath units and eleven singles individually metered for electric. The property is professionally maintained and the square footage of the combined, individual parcels gives the property an excellent potential for redevelopment. The rent survey conducted for this property indicates significant upside upon the relaxation of Covid restrictions by both the City and County of Los Angeles. Rents have not been increased for some time and the rent increase freeze may be lifted early2024. With upgrades, Tujunga Apartments could achieve rent levels commensurate with those properties surveyed. It is also important to note that the comparables chosen are low to mid-range at the time of publication and, depending on the improvements contemplated by the investor, actual rent targets could be higher.
Welcome to Las Orquideas, a historic Andalusian garden village built in 1929 by Wilfred Buckland, and immaculately restored by Howell & Padgett in 2019, whose previous works include the iconic Torre del Moro condos in Beachwood Canyon. Las Orquideas perfectly retains that signature glamour of Hollywood's Golden Age while offering modern and luxurious amenities of a new construction property. Perched in the foothills of the Hollywood Hills, this compound has five villa-like structures consisting of nine units and a flex space. This whimsical complex was designed in the early days of Hollywood's Golden Era by Wilfred Buckland, Cecil B. DeMille's frequent art director. Buckland, the original owner, developed the property as a replica of a Spanish hill town with ascending walkways, connecting gardens, and intimate plazas. An abundance of lush mature landscaping lines the stone walkways. Each villa-like structure is covered in coral-colored stucco and features original architectural period details such as interior arches, beamed ceilings, fireplaces, wood floors, and stained glass. Lofty ceiling heights and oversized windows bring in much natural light. A remodel of each unit was completed several years ago with strict attention to retaining each unit's strict authentic integrity and
The Highland Estates is a one-of-a-kind Zen-like gated community featuring (3) Craftsman and Victorian duplex bungalows, consisting of 6 units, all nestled in the foothills of the Hollywood Hills yet offering the convenience of a central Hollywood location. Built between 1912 and 1915, this classic bungalow community is an early Hollywood living at its best. Each Craftsman and Victorian bungalow exudes outstanding Golden Era architecture and resides among a lush garden community courtyard with a large deck, sauna, and cold shower. Patios are nestled among tropical flora and fauna. The 16,874 SF expansive resort-like lot features private and perfectly manicured gardens, lush foliage, and tall mature trees. Each bright and spacious unit with cathedral-style windows features hardwood floors, elaborate moldings, exposed beams, ornate ceilings, and a fireplace. A remodel of each unit was completed several years ago with strict attention to retaining the authentic integrity and character of each bungalow. Modern updates include central air, heating, washer and dryer, and new kitchen appliances. The Highland Estates are nestled at the base of the Hollywood Hills, north of Hollywood Blvd. and Highland Ave. The property's strategic location offers compelling fundamentals, abundant enterta
Perfect location in Burbank. Corner of Elmwood Ave and Glenoaks Blvd. Close to Freeway. On Bus Route. Close to Burbank Media Center and the City of Glendale. Entry leads to private offices on each side of the hall leading to Church Nave and Chancel. Up the stairs is the 5-pew large balcony for the choir with ample storage in the above loft. Parishioners' Area of Worship leads to the quiet room and to a separate meeting area for class, Conference, or Bible Study. Music Room. Baptismal Area and More Private Rooms. The detached Building is a daycare center with Toddler Classroom, Educational Rooms, Bathrooms, Kitchen Area, and Teachers' Room. Upstairs is the Community Room with 2 additional Study Rooms and Lavatory. This site can be an excellent Educational Building, Family Dare Care Homelicensed or Unlicensed Community Care Facility. Supportive Home Services. Place of Worship. Day Care Building. Future Apartments. City Records reports 7957 square feet, Appraiser measures 10,256 square feet. Corner Lot with an Alley. Zoned R4.
$550,000 REDUCTION!! Welcome to 2016 Vista Del Mar, a boutique collection of 6 newly reimagined bungalows in the Hollywood Hills. AIH Development presents a modern take on LA's quintessential courtyard residences, providing a best-in-class turnkey investment property for a discerning portfolio. Behind a sleek exterior of custom milled cedarwood and iron fencing, with keyless entry, automatic driveway gate, and Door Bird guest communications system, the residences are centered around a serene landscaped and lighted courtyard. With a muted palette and clean architecture, four traditional 1 bedroom bungalows are each equipped with their own unique outdoor spaces ranging from side patios to private grassy yard spaces. A spacious 2 bedroom, 2.5 bathroom "Owner's Unit" is large standalone home, and a private 1 bedroom + office unit offers a lovely flow and private back yard. No expense was spared in the modernization of this community. From stucco to windows, doors, roofs, water lines, sewer, electrical, and HVAC, each structure has been meticulously rebuilt with energy efficiency, longevity, and ease of maintenance in mind. The interiors provide a luxe and elevated style of living, with 7" wide white oak engineered hardwood flooring, shadow box moldings, custom window treatments and s
Two lots with their own parcel number, containing 7-single story units, with 4298 building sq/ft, with a combined 13505 sq/ft lot. One Parcel on 6727 Camellia Ave has a Triplex, is zoned RD2, and has a 6752 sqft lot. Second one on 6726 Beck ave has a fourplex, is zoned RD1.5, and has a 6753 sqft lot. Both properties must be sold together or individually with a concurrent close contingency. They have good access to 5 Fwy & 170 Fwy, and just West of Burbank. Each units has their own electric and gas meter. Property has Six 2-car tandem parking spots and one single parking spot. It has a private yard and a laundry room on site. Lot with the Fourplex has two 1-bedroom units and two 2-bedroom units, with two units built in 2004. The Lot with the Triplex has two 1-bedroom units and a 2-bedroom unit. A 1-bedroom unit expected to be vacant by June 1st.
The 6,916 sf two-story building sits on a 7,221 sf lot and is comprised of (2) two bedroom plus den and two bathroom units and (4) two bedroom plus den and one bathroom units. The subject property is ready for a new investor to take full advantage of its upside potential. In the rolling hills of Hollywood, you'll discover no other than Hollywood Hills, one of the most affluent communities in Los Angeles, situated ten miles northwest of the city. Home to the infamous Hollywood Sign on Mount Lee, this neighborhood boasts significant landmarks, breathtaking views, and famous rolling hills, which are a part of the Santa Monica Mountains.With attractions like Runyon Canyon Park, Lake Hollywood Park, Griffith Park, and the Hollywood Bowl, this neighborhood is one for the books. And directly south of town, you'll find even more exquisite attractions like the Hollywood Wax Museum and Hollywood Pantages Theatre! North of Hollywood Hills, you'll find the some of the city's greatest attractions in Universal City. Discover Universal Studios Hollywood and its famous sites like the Wizarding World of Harry Potter and Universal City Walk, a vibrant area of shops, restaurants, bars, theaters, and so much more.Upscale apartments and historic West Coast-style homes reside on spacious lots along ro
Discover the perfect blend of commercial opportunity and residential comfort with this mixed-use property featuring a spacious front retail store boasting 50 feet of prime frontage on Lankershim Blvd. Ideal for entrepreneurs seeking high visibility and foot traffic, this property also includes a charming 2 bedroom, 1. bathroom house complete with an attached garage for two cars. Front retail building has 2 bathrooms, one in the office and one for the showroom. Whether you're looking to establish your business presence or enjoy the convenience of living and working in one location, this property offers endless possibilities.
This is a great opportunity for an owner/user to purchase an industrial property in North Hollywood. The building consists of 3,800 square feet of nicely improved industrial space on 6,675 square feet of M2-zoned land. There are five roll up doors, two restrooms and twelve parking places. The majority of the building has epoxy floors and has been completely remodeled. The building has great access to the 5 Freeway and is located in the heart of the San Fernando Valley.
1627 N Poinsettia Place is a 20 unit multi-family property located in a prime Hollywood location. This three story apartment building was originally constructed in 1965 and falls under LA City rent control. The Poinsettia Place Residences are a large apartment building of approximately 14,817 Sq. Ft. The property has an excellent unit mix of (2) Studio (4) 2 BR + 2 Bath & (14) 1 BR + 1 Bath units. The rents are below market, creating a quintessential value-add opportunity. The property has recently received some significant renovations including a new master water heater. One of the 2 BR units is a spacious well renovated unit that is already receiving $3,548 a month in rent. The manager's unit which is a studio unit will be delivered vacant at the close of escrow. Two other 1 BR + 1 Bath units will also be delivered vacant. The building has gated subterranean parking. 1627 N Poinsettia provides an astute multi-family investor the opportunity to purchase a value-add multi-family asset in one the most highly sough after rental locations in all of Los Angeles.
We are pleased to present 1134 Elm Avenue, a sixteen-unit apartment community in Glendale, California, built in 1987. The offering provides investors with a unique opportunity to purchase a premium asset with strong income metrics in one of the strongest rental markets in Los Angeles along with an attractive assumable loan. Glendale is attractive to prospective owners and renters alike. As it's located in the City of Glendale, 1134 Elm Avenue is impacted by AB 1482, meaning Statewide rent control. Additionally, there is no ULA "Mansion Tax". 1134 Elm Avenue was built in 1987 and boasts sixteen spacious apartment homes. It features an attractive unit composition of two (2) Four-Bedroom | Three-Bathroom units, two (2) Two-Bedroom | Two and a Half-Bathroom Townhome units, ten (10) Two-Bedroom | Two-Bathroom units, and two (2) One-Bedroom | One-Bathroom units. What makes the building and units so attractive are the amenities, precisely: fourteen of the sixteen units feature in-unit washer dryers, central A/C, and at least one balcony. There is a whopping total of 22 balconies or sundecks. In all, 1134 Elm Avenue features 16,738 square feet of improvements on a collective 13,313 square feet of land, zoned GLR4. The property is separately metered for gas and electrical utilities. While
Trophy Value Add Multifamily Investment Opportunity in Prime Hollywood Hills area of Los Angeles. This property has been in the same family for over 30 years. Rents are nearly 100 % below market. Property has a nice lobby, Pool and lounge area, elevator service and room for a gym and business center or convert to ADU's. Property was built in 1965 but fully renovated in the 1980's. Walk score is 94. Premiere hiking trails are nearby as well as all Hollywood Blvd and Sunset Blvd entertainment venues and eateries. Metro line is only a 15 min walk away. Easy access to Downtown LA and the San Fernando Valley. Netflix, Gower and Nickelodeon Studios are nearby as well and Capital Records. This is an amazing rental area in one of the most trendy and walkable neighborhoods in LA.
Hollywood's Premier Landmark Building The Cherokee Building has been a Hollywood landmark since its original construction in 1927 and is famous for being one of Hollywoods first major retail buildings with an interior motor court. Located in the heart of Hollywood, 3 blocks east of Hollywood Blvd. and Highland Ave. and 4 blocks west of Vine St. The Cherokee Building offers an investor a rare and unique opportunity to acquire a trophy property with an unparalleled 121 feet of frontage along Hollywood Blvd. The Cherokee Building presents an opportunity for a qualified investor to purchase a rare asset with both significant upside rental, appreciation, and extraordinary future development. J.C. Amber clothier provided decades of custom designs, tailoring, outfitting and clothing to Hollywoods most famous entertainers, movies stars and musicians. The Cherokee Building is also home to Hollywoods oldest and most famous Bar. Rich in Hollywood legacy spanning decades and decades of lore, legend and history. Located in the heart of Hollywood 3 blocks east of Highland Ave. and four blocks west of Vine St. On a signaled corned in the core of Hollywood Boulevards booming tourist market, surrounded by office buildings, high end restaurants, retail, night clubs, and new residential
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.
$900,000 price reduction! Only $368K per door. 13.9 GRM 5.1% cap going in. We are pleased to be retained for this exclusive marketing assignment of the Elm Terraces in Glendale. This 34+1 n.c. unit apartment community is located in the most-sought rental pocket in all of the city, north of Glenoaks Blvd known as "El Miradero" / Grandview. The demand for rental housing in this pocket provides for historically low levels of vacancy and in turn premium in rental levels. The asset has been within the same family ownership for over 3 decades and presents an opportunity to unlock lock value by either loss to lease capture or a mild modernization update. Comprising mostly of 2+1.5 townhouse units, the Elm Terraces built in 1986, offers several key tenant amenities including individual hot water heaters, controlled intercom, and gated parking, ample parking, and storage. The walkability to a plethora of local shops, services, and cafes is a major benefit of living at the Elm Terraces.
Pleased to present the Laurelwood Apartments, a 30-unit apartment building located at 1633 North Laurel Avenue, in the Hollywood Hills West neighborhood of L.A. This pride-of-ownership property offers an exceptional living experience with its mix of 1, 2, and 3 bedroom units, and amenities including keyed access to property grounds, an on-site laundry facility, carport parking, and a landscaped courtyard with patio seating. Lovingly maintained by the same family for more than 60 years, the Laurelwood Apartments offer an opportunity to acquire an asset with substantial Capital Expenditure improvements already completed. Situated in a vibrant neighborhood, residents enjoy easy access to some of LAs most iconic destinations, as well as abundant dining and retail options nearby.
5.10% CAP Rate without doing any renovation! The 1063, a HIGH CAP Rate turnkey luxury 12-unit apartment community located in the highly desirable city of Glendale, bordered by the City of Burbank. The property offers superb location (Walk score 86) with access to many amenities, within walking distance to IKEA Burbank, Burbank Downtown, many shopping centers, close to schools, parks, local and national retailers, dining and upscale shopping, entertainment, and easy access to freeways (5 FWY and 134 FWY). The offering is unique due to its prime location, High CAP Rate, and turnkey conditions. New owner can enjoy high quality location, asset, and good cash flow immediately without the hardships of relocating tenants and managing construction crews. 1063 Justin is a beautifully upgraded and maintained garden style apartment community built in 1963. It is a two-story walkup apartment consisting of 12 units. It offers a beautifully landscaped (drought tolerant) center courtyard common area. It offers a superb unit mix of four (4) LARGE 2 bed + 1 bath units, six (6) spacious 1 bed + 1 bath units, and two (2) Studio units. Each unit one has been fully upgraded with full electrical and plumbing upgrades (plumbing upgrade in unit), new high durability wood vinyl and tile flooring in bathr
7056 Lanewood Avenue is a 22-unit apartment community in Hollywood (90028). The offering offers investors a unique and rare opportunity to acquire an irreplaceable asset with strong in-place metrics and meaningful rental upside in one of LA's most dynamic and stable markets. 7056 Lanewood Avenue was built in 1953 and consists of 11,452 square feet of improvements. The unit composition features an attractive mix of Ten (10) spacious 1-Bedroom Units and Twelve (12) Studio Apartments. The property is sited on a +/- 14,977 square foot parcel, zoned LAR4. The property is well-parked, with 17 parking spaces, and is not on the list of LA City mandatory seismic retrofit. Tenants and future investors will appreciate this well-maintained asset, featuring an attractive courtyard and lush landscaping. Additional amenities include a secure entry with intercom gate access, gated parking, and on-site washer/dryer. 7056 Lanewood Avenue is master-metered for gas and electrical utilities, which currently allows an annual 5% rent increase. Additionally, the Ratio Utility Billing System (RUBs Program) is already in place for all incoming residents. Lanewood Avenue is a quiet tree-lined street near Hollywood employers and attractions. With its prime location in Hollywood, 7056 Lanewood is an outstand
Creative office. Rich in character, rare and exceptional Hollywood Boulevard creative office. A five-minute walk from Hollywood & Vine Metro Station. Iconic location next door to the Pantages Theater, across from the Capitol Records Building and the W Hotel. Featuring an open plan, three separate offices and large common area, private conference room, kitchenette, exposed ceilings, abundant natural light, creative finishes and an Art Deco flair. Impeccably maintained. Abundant parking available at the Vine Street.
Exceptional investment opportunity in Glendale! This eight-unit income property is a prime asset for investors. Located in a desirable area, these units boast a combination of modern amenities and classic charm. This 8-unit building offers the pinnacle of comfort with central AC & Heat and the convenience of in-unit washer-dryers. Featuring a mix of 2-bed/2-bath units and 1-bed/1-bath units. Strong rental history and potential for increased income, this property is a promising addition to any investment portfolio. Don't miss the chance to own this well-equipped and strategically located property in Glendale. Bring in your highest best offer. Drive by only!
12914 Valleyheart Dr. is a terrific 6 unit apartment building located in the heart of Studio City, one of the most sought after locations in the San Fernando Valley. Constructed in 1962, the building has an excellent mix of units consisting of 2 - One Bed + One Bath Units and 4 -Two Bed + Two Bath Units. These charming units are equipped with amenities including central air conditioning, dishwashers, balconies, and a pool. The building is located on a beautiful, tree lined street across from the Valleyheart Riverwalk. Tenants can enjoy close access to a variety of upscale shops, markets, and exercise facilities located at the nearby Shops at Sportsmen's Lodge. Property is being sold along with 12918-12924 Valleyheart Drive + 12934 Valleyheart Drive. Buildings may be purchased separately or all together. This is a rare opportunity for an investor to purchase a value add income property in a great Studio City location.
The offering is a rare and attractive value add investment property located in Prime Sherman Oaks Adjacent to Studio City. The property is situated in one of the trendiest neighborhoods in the San Fernando Valley, located just off of Ventura Blvd tenants are within close walking distance to the New Sportsman Lodge where there is an abundance of plethora of fine dining, shopping, and entertainment options. This is a brilliant opportunity for a savvy investor to acquire an ultra-prime Valley Location with significant value-add potential. There is an excellent unit mix consisting of Twelve 1 Bedroom / 1 Bathroom Units and One Studio Unit which is, very desirable for today's rental market. Two of the Units will be delivered Vacant at the close of escrow. The property sits on a large 15,160 SF Lot and has 14 Uncovered Parking Spaces. All units are separately metered Gas and Electric. This Valuable Asset is available for Sale for the first time in+25 Years!
12918 & 12924 Valleyheart Dr. is a terrific 12 unit property consisting of two side by side 6 unit apartment buildings located in the heart of Studio City, one of the most sought after locations in the San Fernando valley. Built in 1954, the properties have an excellent mix of units consisting of 6 -One Bed + One Bath Units and 6 - Two Bed + One Bath Units. These charming units are equipped with amenities including wall air conditioning, balconies, covered/gated parking, and secured entry. The buildings are located on a beautiful tree lined street across from the Valleyheart Riverwalk. Tenants can enjoy close access to a variety of upscale shops, markets, and exercise facilities located at the nearby Shops at Sportsmen's Lodge. Property is being sold along with 12914 Valleyheart Drive + 12934 Valleyheart. Buildings may be purchased separately or all together. This is a rare opportunity for an investor to purchase a value-add income property in a great Studio City location.
Unique and Prime investment opportunity 10 units in desirable Glendale Glenoaks area. Pride of ownership, Owns for about 50 years. Due to this long term ownership relationship with great tenants, the current rents have remained very low, leaving about 80% upside in rents Current rents are significantly below market, for 10 units totaling about $151,380 a year. One 3 bed 2 bath, Two 2 bed 1 bath, Five 1 bed 1 bath, Two single. The rents in the area for a 3 bedroom unit can be over $3,000, for 2 bed $2500 and 1 bed $2000 a month. Some TLC on this property current rents can potentially go up about $252,000 a year. The property is centrally located for commutes, supermarkets, restaurants and schools . Driving distance downtown Los Angeles, Burbank, Montrose, Americana and Glendale Galleria, NOHO district, Old Town Pasadena, and the Rose Parade, JPL. Local LA and Hollywood attractions include the Music Center, Disney Music Hall, and Hollywood Bowl. This 10 units is truly one of a kind and great investment. Per seller, inside 6 units are updated, Has copper plumbing, newer water heater, walk way, all wall heaters and wall A/Cs, about 13 parking, Everything in this area sells quickly, priced right and will not last long in this market.
