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.
We are proud to present this fantastic 5 units income property with huge R3 zoning lot! Investors dream. A great location of Hollywood, walking distance to Santa Monica, shops and transportations, and nice neighborhood! The property consists of a 3 bedroom+2 bathroom home in front and a newer fourplex, each with 1 bed+ 1 bath. Units are well maintained with some upgrades. Updated electrical and mostly copper plumbing. There is on site laundry. There are 8 parking spaces in the rear of property.
We are pleased to offer for sale this five (5) unit multifamily investment opportunity located at 505 S. Chicago Street, in Boyle Heights. This two-story building, consisting of two separate structures, was constructed of wood frame and stucco on a raised foundation built in 1905 with a square footage of 4,902 on a 7,500-square foot lot. The building has been reinforced and upgraded in compliance with the latest city codes and regulations, and is comprised of a remarkable unit mix, consisting of three (3) 2+1.5 units, and two (2) 2+1 units. The subject property is 100% occupied and is subject to the City of Los Angeles rent control regulation. The investment boasts spacious floor plans, five (5) on-site parking spaces, and individually metered for gas and electricity.
Located on corner of Jefferson Blvd and Trinity St. 2 Building in a lot. Main building 3,770 sf and detached building 940 sf. Great for Manufacturing/Warehouse/Industrial. Private, Paved and Fenced, Automatic Gated Parking Lot Space for 6+ Cars. Loading:1 Ground level Idea for Printing Plant/ Machine shops /Sewing Factory/Garment Manufacturing .......... Highpower 240V/3 PHASE/400A
Great Investment Opportunity to Own 10 units in a very desirable area of Boyle Heights. 2 blocks to the Soto St Metro Train station. Very gentrified area. 5-10 minute drive to Downtown LA. Close to Shopping and Transportation. Easy to manage.
3005 S Normandie Ave is an 8-unit 'dingbat' style apartment building located between the West Adams and Exposition Park neighborhoods. The property's unit mix consists of six 1+1's and two 2+1's. Six of the units have been extensively remodeled to include new paint, kitchens, bathrooms, and resurfaced hardwood flooring. The exterior of the building has also had numerous upgrades including a newer roof (approximately 6.5 years old), security camera installation, new paint, and drought tolerant landscaping. The property is fully parked and has an on-site laundry room for added income. Located just minutes away from the heart of the University of Southern California and Downtown, 3005 S Normandie Ave provides residents with many of the great things LA has to offer right outside their front door. The property features a fantastic 79 walk score and is central to major employment, freeways, and points of interest alike. Tenants with children have numerous nearby parks and schools to choose from, including Loren Miller Recreation Center and Vermont Avenue Elementary. Public transit is also easily accessible at the Expo/Western Metro station at 1.1 miles away. With 3005 S Normandie Ave, you can hedge against inflation, exploit tax advantages, and add more value.
Spread over three buildings on one large 10,319 parcel, the property contains exclusively two-bedroom apartments. While six of those units were constructed in 1922, four units were added in 1988. A new investor may be able to continue the current program of upgrading unit interiors, which has established rent benchmarks at $2,383- $2,495. In total, there may be approximately 46% rent upside among the remaining below-market units. Situated near the intersection of Santa Monica Boulevard and Western Avenue, the property lies just east of Paramount Studios and the Hollywood Forever Cemetery. The exclusive Hancock Park neighborhood is only a few blocks southwest, while Koreatown and the Hollywood Walk of Fame are both nearby as well. The new 14-story ICON office tower, primarily leased to Netflix, was recently completed at the nearby Sunset Bronson Studios, while additional new construction is scheduled for Sunset Gower Studios, just one mile from the property. There, a joint venture between Hudson Pacific Properties and The Blackstone Group will be expanding the studio and office space, adding 620,000 square feet to the studio campus. The Melrose Hill neighborhood was recently named Los Angeles' Hottest Culinary Boom Town by Eater Los Angeles. Several exciting dining options have re
KW Commerical is pleased to present 4233 Burns Avenue, Los Angeles -- a special 28-unit Apartment Community in the highly desirable Virgil Village sub-market and just half a mile from the Sunset Junction. 4233 Burns Avenue is an attractive Courtyard-style property. The unit mix boasts Twenty-Seven (27) large One-Bedroom units and One (1) spacious Studio Apartment. Current ownership has updated and remodeled 14 of the 28 units. Upgrades include new hardwood laminate flooring, new modern kitchens with granite or quartz countertops, new custom kitchen cabinets, and high-end stainless steel appliances. The bathrooms were tastefully updated with modern vanities, LED Smart Mirrors, and designer tile and finishes throughout. Current ownership has provided a proven model and opportunity to increase rents by over 40% as units turn naturally. Other amenities include a private gate and intercom entry, an onsite washer/dryer room, and 26 parking spaces. 4233 Burns Avenue is not on the LA City mandatory seismic retrofit list. The property offers a combination of modern living and relaxed comfort while centrally located in one of LA's most engaging and diverse neighborhoods. Virgil Village is a trendy neighborhood with creative vibes, artful boutiques, and inventive eateries. Tenants are close
513 S Union Ave is a 12-unit Apartment Building constructed in 1922. Situated in Westlake, one of the most active areas for development in the Greater Los Angeles region, this property offers investors an opportunity to tap into the potential of one of Los Angeles' most dynamic neighborhoods. Boasting a zoning designation of LAR4, this property provides flexibility and potential for expansion, complemented by the stability and reliable financing offered by a Freddie loan with a 63% Loan-to-Value ratio until May 2026, including a nominal assumption fee of 1%. Conveniently located, residents enjoy easy access to job centers and entertainment hubs such as Downtown Los Angeles,Hollywood, and Koreatown. This strategic positioning enhances the property's appeal, offering investors a gateway to a thriving urban landscape ripe with opportunity. Additionally, the property benefits from seamless access toseveral major highways, including Interstate 10 (I-10), Interstate110 (I-110), and US Route 101 (US-101), facilitating convenient travel throughout the Greater Los Angeles area.With its strategic location, favorable financing options, and abundant growth potential, 513 S Union Ave presents an exceptional opportunity for those seeking to blend stability with long-term growth in the vibrant
Fantastic opportunity for extremely well priced property in the heart of Los Feliz. 5 units fastidiously maintained and close to shops, restaurants and the hub of not only Los Feliz Village attractions but equal distance to Sunset Junction, all reflected in the bonus of a high pedestrian score. Perfect for owner/user possibilities or long term hold. 4 of 5 units have been completely updated with appliances and modern materials. 4 parking garage spaces and one uncovered dedicated parking spot. Attractive ,with less than 16 GRM in Los Feliz area with upside potential of 20%. Kindly do not disturb tenants. Buyer to note that the 3 units in the back were built in 1959.
Vacant Duplex with large size building and lot. New constrution add large new balcony on 2nd floor, all new wireing and plumbing. Seller wants to sell togather with 1722 Crenshaw bl.
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%.
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.