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.
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.
12.56 GRM and 5.55% cap in Prime Palms! 3731 Glendon Ave is an amazing opportunity to own six units offered at only $275k/unit. Whether you are long term or a valueadd investor, the subject property is the perfect assets to help achieve your investment goals. 3731 Glendon Ave features a unit mix of (5) 1-Bed/1-Bath and (1) Studio/1-Bath units - (2) 1-Bed/1-Bath and (1) Studio/1-Bath units are currently vacant. Beneficial to the new owner, both vacant 1-Bedroom units are renovated, including new floors, counter tops, bathrooms, fixtures, etc. Once fully rented, the property will operate at a 9.06% CAP and 8.46 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.
***AS OF 5/8/24 SELLER IS UNDER CONTRACT AT LIST PRICE BUT CAN ENTERTAIN ANOTHER OFFER AND CANCEL CURRENT ESCROW. SELLER IS LOOKING FOR AN OFFER WITH NO 1031 CONTINGENCY *** 10 UNIT BUILT 1995. ACROSS FROM KEDREN COMMUNITY AND HEALTH CARE CLINC. THE AREA HAS IMPROVED SUBSTANTIALLY AND CONTINUING TO IMPROVE YEAR BY YEAR. LARGE UNITS WITH 18 TANDEM PARKING. 3 UNITS ARE 15% BELOW MARKET RENTS. RARE VACANCIES. CAPITAL IMPROVEMENTS IN 2023. CURRENTLY 5.92 CAP & 6.58 CAP AS OF OCT 1, 2024 RENT INCREASE. SEE ATTACHED SAPPLEMENTS. $286K PER UNIT & $294 PSF, BELOW REPLACEMENT COST. IN 2019, THE PROPERTY WAS APPRAISED BY IN 2019 BY MALAGA BANK @ $2.8M WHEN GROSS RENT WAS $208K. PLEASE DO NOT DISTURB THE TENANTS. LISTING AGENT IS THE OWNER. LAUNDRY ROOM HAS W/D HOOK UP READY FOR NEW LAUNDRY MACHINES. RENTS WILL INCREASE BY $1,624 ($19,488 ANNUALLY) EFFECTIVE OCT 1, 2024.
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.
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.
We are pleased to offer for sale a six-unit apartment community located at 6318-6328 South Harvard Boulevard. The subject property is located south of Slauson Avenue and east of Western Avenue within the South LA submarket. The two buildings are located in the heart of Canterbury Knolls SoLA adjacent to Hyde Park. This location offers easy access to the best of South LA, including the USC/ North University Park, the LA Coliseum, Sofi Stadium, Intuit Dome & more. Being in close proximity to major transit corridors, tenants can conveniently access employment centers, retail & entertainment throughout the city. Situated on a 5,443 square foot parcel, the property is comprised entirely of one-bedroom units. There are two separate buildings, a duplex & a quadplex with separate entrances for each unit. There is a courtyard located between the two buildings, which has potential to be used recreational/tenant common area space. The property has 49% remaining rental upside through unit renovations. There are 4 garage spaces below the duplex. New ownership can add an attached Accessory Dwelling Unit (ADU) in place of two of the garage spaces in order to maximize growth & rental income - buyer to verify. This would leave 2 remaining garage spaces, which new ownership can rent in order to fu
Approximately 12,000 sf building beautiful corner shopping center, perfect for owner user, with existing long term tenets. For sale $2,875,000 only. 50% below replacement cost.
Price reduced to an unheard of $3,349,000 for 5 units! Can be delivered FULLY LEASED! Lender available to do residential financing with 25% DOWN!!! 2525 Hauser is a brand new 2024 construction 5-unit located in PRIME MID-CITY, just 2 minutes from Culver City! Delivered 60% LEASED with a real 5.61% cap rate and an impossibly low price per door of $669,800, this is the new construction property you've been waiting for! Plus, enjoy minimal expenses, premium design, and the ease of owning a hassle-free 2024 construction! With a4 bedleased at $4,900/month, a 3 bedleased now at $4,000/month and a 2 bed leased at $3,000/month weproject a conservative gross monthly rent of $20,500and an excellent cap rate of 5.61%. There are applications in for the final units, so the units can be delivered 100% leased. 2525 Hauser is made up of two massive 4 bed, 4 bath tri-level townhome style units with rooftop decks, two huge 3 bed, 3.5 bath tri-level townhomes style units with rooftop decks, and one 2 bed, 1.5 bath unit with spacious floorplans, and 8 parking spots. The excellent location, paired with the upscale modern units makes for quick, easy rentals. These premium townhomes feature unbeatable floorplans with extremely large, tenant friendly kitchens and living rooms. You will find no
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
The Peake is a recently constructed 32-unit modern luxury apartment community in the West Adams neighborhood of Los Angeles. The Peake is situated in a thriving focal point of Los Angeles for high-end living, retail, dining and entertainment with many transportation options and ease of access to many of Los Angeles popular destinations. High Quality Asset: The Peake offers investors a newly built, modern luxury, eco-friendly property that's extremely well-located. It also features an excellent mix of units and amenities. Prime Location: The Property is located in a coveted pocket of Los Angeles with superb transportation access. It lies just steps away from the Farmdale metro station, with many choice shops and restaurants nearby. It's prime location offers easy access to Hollywood, Downtown, and the beach. Luxury Complex: This 32-unit apartment community, developed in 2023, offers a host of luxury amenities, from eco-friendly living to iconic views, electric car charging stations, a courtyard with a BBQ and a fitness center. RUBS has been implemented for water, sewer, trash and gas (for hot water). Newly Constructed Units: Featuring studios, one, and two-bedroom apartment floor plans, all units include all electric appliances, in-unit laundry, gourmet contemporary kitchens, c
WOW!!! GREAT HUGE PRICE REDUCTION $500,000. SELLER WANT TO SELL QUICKLY. THIS APARTMENT IS SITUATED ON A CUL-DE-SEC NEAR THE INTERSECTION OF MELREOSE AVE AND NORMANDIE AVE.THIS BUILDING IS NESTLED BETWEEN THE THRIVING SUBMARKETS OF SILVER LAKE, KOREA TOWN, HOLLYWOOD AND DOWNTOWN LOS ANGELES. CONSTRUCTED 1991, THIS BUILDING FEATURES AN EXCELLENT UNIT MIX, CONTAINING EXCLUSIVELY TWO AND THREE BEDROOM APARTMENT. THIS APARTMENT HAS BEEN THOROUGHLY RENOVATED IN THE PAST 6 YEARS,WITH UPGRADES NEW CUSTOM KITCHEN CABINET AND COUNTER TOPS AND NEW HARDWOOD AND TILE FLOORING, INCLUDE UPGRADED BATHROOM. IN ADDITION TO PROVIDING STRONG CASH FLOW. THE GATED PARKING GARAGE CONTAINS SPACE FOR 18 CARS,PROVIDING TENANTS A RATIO OF TWO PARKING SPACE PER UNIT.
