Excellent chance to own a multi-unit income property. There are two separate buildings: the front building has four one-bedroom units, each 900 sq. ft., and the rear building has a 3-bedroom 1800 sq. ft. unit. This 5-unit property has been well-maintained with many recent upgrades, including inside units, a succulent garden, security cameras, and a ring doorbell; all windows have new flashing and much more (list in Docs). Tenants occupy all units. Washer and dryer hookups and water heaters in each unit. It is gated and fenced, with five garages and a long driveway for ample parking. Easy freeway access. DO NOT DISTURB TENANTS OR WALK ON PROPERTY - DRIVE BY ONLY.
INVESTMENT HIGHLIGHTS: Marketing Package attached under Docs. Six (6) Large Units Located on Desirable Whitsett Avenue in North Hollywood; Apartments Average 848 square feet of Space; Current Cap Rate equal to 5.06%; Unit Mix of Two 2 Bd/1Ba and Four 1 Bd/1Ba Apartments; No Seismic Retrofit Needed; Per Apartments.com : "As of April 2024, the average rent in North Hollywood, CA is $1,875 per month. This is 24% higher than the national average rent price of $1,514/month, making NorthHollywood one of the most expensive cities in the US. When you rent an apartment in North Hollywood, you can expect to pay about $1,735 per month for a studio, $1,875 for a one-bedroom apartment, and around $2,414 for a two-bedroom apartment."
Bread and butter 10-unit apartment building in highly desired Mar Vista. Nice unit mix with 7 one-bedroom units, two two-bedroom units, and one studio. All units are very large with the one-bedroom units measuring over 700 square feet and the two-bedrooms are just under 900 square feet. The property is being offered at a very low price per square foot of improvements and with long time tenants with very low rents, there is a lot of upside in the building. Separately metered for gas and electricity. Laundry room provides additional income. Great Westside location close to the Sunday Mar Vista Farmers Market and trendy Washington Boulevard. First time on the market in many decades. Earthquake retrofit work has been completed.
INVESTMENT HIGHLIGHTS: Rare Offering Located South of the Boulevard in the Hills of Studio City; Corner Property with Expansive City Views; Three Separate Structures with Private Garages; Front Structure and the Rear Building each contain a Main House with Large Private Garden and Views; Peaceful Daytime Greenbelt Views; Sparkling Night time City Light Scenery; Residences are Extremely Bright with Multiple Windows and Sliding Glass Doors overlooking the City; All units Feature Private Yards, Individual Washers, Dryers, and Water Heaters; New Roof on Two Buildings; Copper Plumbing in Four Units; Front House is Gated and has beamed Ceilings, Formal Dining Room and a Fireplace; Rear House is Gated with Sliding Glass Doors opening up to a Large Private Garden; One Unit Delivered Vacant; No Seismic Retrofit Required; Very Low Operating Expenses; No Gas or Trash Bills, Low Water Charges.
commercial 3 stores are at the front of Jefferson Blvd. Barber shop, driving school, wood craft. mixed use commercial building with 1 bedroom 4 units upstairs. comfortable structure inside in each 1 bed room unit. total 7 units building. Do not disturb tenants. new electrical panel. NOI is 7.2. Good income property. great potential opportunity. near to USC and downtown and METRO much to be developed area.
FANTASTIC INVESTMENT OPPORTUNITY THREE BLOCKS FROM THE SAN PEDRO WATERFRONT, MARINAS , AND CABRILLO BEACH. THIS BUILDING HAS BEEN WELL CARED FOR BY ITS LONG TERM OWNERS. UNIT #3 (SEE PHOTOS) HAS BEEN RECENTLY REMODELED WITH NEW KITCHEN CABINETS, COUNTER TOPS, UPDATED BATHROOM AND LAMINATE FLOORING. ALL UNITS HAVE INTERIOR LAUNDRY. 5 SEPERATE GARAGES, THE OWNER IS CURRENTLY USING ONE AND IT CAN BE RENTED SEPERATLY WHEN VACATED. THERE IS A SEPERATE STORAGE ROOM ALSO
This fantastic commercial property listing in Pacoima spans 1490 square feet and offers essential amenities including a kitchen, ample storage space within the garage, and a bathroom. Upon entry, you're greeted by a receptionist desk and glass samples, creating an inviting opening for visitors. The layout includes designated workspace areas as well as a meeting space, ensuring versatility for various business needs. Tucked into a corner are the kitchen and bathroom facilities, providing convenience without compromising on the overall functionality of the space. The highlight of this property is the expansive garage area, presenting limitless possibilities for storage solutions, additional workspaces, or potential transformation into alternative usage to suit the occupant's requirements.
We are proud to present 14317 Haynes Street, a 7-unit apartment building located in Van Nuys, CA. Built in 1964, the subject property sits on a 7,500 square foot lot and offers a mix of 3- 1 bed/1 bath and 4- 2 bed/2 bath units, totaling 6,009 gross square feet. The offering is turnkey, featuring brand-new copper plumbing, roof, water heaters, laundry facilities and equipment (all owned, not leased), stainless steel appliances, and granite countertops. Additionally, units 1, 4, and 7 have undergone thorough gut renovations. The only outstanding items are fresh paint and driveway refurbishment, which the owner opted not to finalize to avoid prolonging tenant occupancy. Cash for keys has not been attempted by the owner. The property has ample gated parking for tenants with easy access through the right side of the building. To enhance the quality of living for residents, the property features a smoke-free environment with laundry facilities and proximity to shopping and restaurants. Select units have been completely updated with new stainless steel appliances, granite countertops, cabinets, bathrooms & kitchens, and laminate flooring throughout. One of this property's significant attractions is the great value-add potential. Current rents at the property are approximately 48% below
Located near brand new luxury apartment buildings and many restaurants. Next to the brand new Nike, Jordan store, Urban Outfitters, Gap, FootAction, West Elm, Theory, H&M, and the new Apple Store.
3741 S Bentley Ave is an amazing opportunity to own six units offered at only $250k/unit in the desirable West LA neighborhood of Palms. There is still over 60% upside available in monthly rental income. Whether you are long term or a value-add investor, the subject property is the perfect asset to help achieve your investment goals. 3741 S Bentley Ave features a unit mix of (3) 2-Bed/1- Bath, (2) 1-Bed/1-Bath and (1) Studio/1-Bath units. Once all units are renovated and rented for market, the property will operate at a 11.13% CAP and 6.62 GRM. Beneficial to the new owner, retrofit work has been completed! 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. 3741 S Bentley Ave is also located near new tech companies such as Google, Meta, Snapchat, Hulu, Sony, HBO and Apple.
CBRE is pleased to exclusively offer for sale 3339 Folsom Street, a charming, well-maintained, pride of ownership six-unit apartment building built in 1924. The property boasts a favorable unit mix of one (1) one-bedroom one-bathroom unit, and five (5) two-bedroom one-bathroom units. 3339 Folsom Street, is a prime investment opportunity within a highly desired neighborhood. This is a premium investment opportunity located in the highly sought-after unincorporated county of Los Angeles. The property nestled in a small pocket next to Boyle Heights also has the potential to add an ADU with preliminary plans already in place(Buyer to Verify). There is also 50% upside potential with the current rents in place. The property boasts favorable CapEx improvements such as new roofs, gutters, repiping to copper, and new sewer lines. With both 50% upside in rental potential as well as preliminary plans for ADU in place, there is tons of upside for a potential buyer.
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.
The subject property is a mixed-use retail and residential building sitting at 7,500 SF on an estimated 5,617 SF lot. 5314 S Broadway currently consists of two (2) ground level retail storefronts and two (2) residential units located on the second floor. Additionally, in the rear of the building sits a detached structure that is used for storage/parking. With 75% of the building currently vacant, this presents an excellent opportunity for investors seeking over a 7% pro forma cap rate. Immediate market rents can be attained for both the retail and residential units. Furthermore, this offering is well-suited for owner-users interested in leveraging SBA financing, requiring as little as a 10% down! An owner-user has the option to occupy 51% of the premises while leasing out the remaining space for supplemental income.*Per title, building square footage is 5,869. Buyer to perform own due diligence and verify all information.
We are proud to exclusively present for sale a 100% Brand New Construction, Non-Rent Controlled 6 Unit Residential Project consisting of 3 Duplexes in the heart of West Adams. There is the potential to convert garages into ADUs, Buyer to investigate. This property is not subject to LA City nor State Rent Control. With Condo-Level Finishes and Top-of-the-Line Appliances, these generous units have at least one full bathroom per bedroom. Consisting of two 4+4s, two 3+4s and two 3+3.5s, there are a total of 12 parking spaces on site, including four private garages. Spacious living rooms with guest bathrooms and open kitchens are found on the second floor, with all units having bedrooms on the ground floor and third floor, and the front units having a bedroom on the second floor as well. Each bathroom features their own modern tile; the front units have walk-in closets. Stackable laundry connections in every home, the front units also feature covered balconies. All units will share the outdoor space in the back of the property. Less than a quarter mile to the Farmdale Station of the Expo / E Metro Lightrail Line, hop on a train and head to Santa Monica or DTLA! Or stay in the area and enjoy what this central West Adams location has to offer, with parks, restaurants, shopping, nightlif
Versatile owner/user or investment opportunity (Short-term or long-term tenants) located just two blocks from the beach on the charming Venice Canals. This quality 5-unit building was almost 100% newly constructed in 2010 with new foundation, new plumbing, electrical, roof, HVAC and all walls, finishes, appliances and landscaping. The current ownership who built it for themselves, went all-out with high-end finishes, fireplaces, luxury kitchens and powder room in each unit. If you're looking for a quality income-producing property in a great location, look no further!!
Attention, savvy investors: Presenting a rare opportunity to purchase a brand-new vacant building in a booming Pico-Robertson location! With eight units in total, configurations are open-concept, and each spacious layout is appointed with the finest high-quality finishes for the modern tenant. Constructed with entertaining top of mind, the living room and dining room transition effortlessly into the kitchen with stone backsplash, abundant cabinetry, and stainless-steel cooktop with hood. Residents enjoy treetop and city views from Juliet balconies and patios for al-fresco lounging and dining. Projected rent rolls provide a total of $459,000 in annual income. Parking is controlled-access and subterranean. This 2024-complete building is located within close proximity of everything in the La Cienega and Pico area, just moments to Beverly Hills, West Hollywood, and the greater Westside, with the 10 Freeway a short drive away. This prime investment opportunity promises incredible value for the fortunate investor.
This charming 5-unit apartment building is located at 11621 1/2 Moorpark Street, Los Angeles/Studio City area, CA 91602. Built in 1945, this building has a unit mix comprised of one studio, three 1bedroom/1bathroom and one 2bedroom/1bathroom unit totaling approximately 3,100 rentable square feet on approximately 6,728 square feet of land zoned LAR3. The current ownership recently completed many renovations to the property such as new electrical panels, copper plumbing, tankless water heaters in all units, and new sewer lines. All the costly deferred maintenance which has already been completed coupled with a great location and very little landlord expenses make this a fantastic opportunity for investors looking at prime locations in the San Fernando Valley. This property can be purchased separate or as portfolio with the two neighboring buildings. Please check MLS: 11613 and 11617 Moorpark Street. The building is located in a great pocket of North Hollywood/Studio City on Moorpark Street, just south of the 101 Freeway between Colfax Avenue and Tujunga Avenue, and next to Walter Reed Middle School. This site has great access to the 101, 170 and 134 Freeeways and is just a short drive to Universal Studios/City Walk, Lakeside Golf Club, Weddington Golf Club and The Shops at Sportsma
This charming 5-unit apartment building is located at 11613 Moorpark Street, Los Angeles/Studio City area, CA 91602. Built in 1953, this building offers on-site laundry facilities. The unit mix is comprised of three 1bedroom/1bathroom and two 2bedroom/1bathroom units totaling approximately 4,391 rentable square feet on approximately 6,000 square feet of land zoned LAR3. The current ownership recently completed many renovations to the property such as new electrical panels, copper plumbing, tankless water heaters in all units, new sewer lines, and the soft story retrofit in 2019. All the costly deferred maintenance which has already been completed coupled with a great location and very little landlord expenses make this a fantastic opportunity for investors looking at prime locations in the San Fernando Valley. This property can be purchased separate or as portfolio with the two neighboring buildings. Please check MLS: 11617 and 11621 Moorpark Street. The building is located in a great pocket of North Hollywood/Studio City on Moorpark Street, just south of the 101 Freeway between Colfax Avenue and Tujunga Avenue, and next to Walter Reed Middle School. This site has great access to the 101, 170 and 134 Freeeways and is just a short drive to Universal Studios/City Walk, Lakeside Gol
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.
Situated at the signalized corner of Lorena Street and East 4th Street in the dense pocket of the Boyle Heights, the subject property was being used as a 3 bedroom and 2 bath Single Family house for 20+ years (delivered empty no later than 4/30/24). However, all the Certificate(s) of Occupancy, since it was constructed only allow for commercial uses. Prior to its residential dwelling use it was a Cafe and a Store location. The property is situated in a State Enterprise Zone which reduces the parking requirements to: 2 spaces for every 1,000 SF. More specifically, this would be the new parking requirement for Medical/Dental and Restaurant (take-out/sit-down) uses. The property will be vacant April 30th. City Attorney is requiring the subject to be converted back to its original use. SBA and Conventional loans will finance at 85% to 90% loan-to-value, plus finance all Tenant Improvements for an Owner-User Buyer to capitalize.
Don't miss this WOOD-FRAME/Brick Faade property (Buyer to Verify) - with 8 incredibly spacious floor plans! This 8-Unit multifamily investment opportunity is located in the heart of Mid-City/Arlington Heights submarket, just south of Pico Boulevard by Arlington. The building measures at 10,610 SF offering prospective renters with floor plans averaging approximately 1,300 SF per unit - and an attractive unit mix consisting of (6) two-bedroom units , and (2) three-bedroom units. Phenomenal value-add potential with approximately 50% in upside in rents from current to market. On-site Parking for 8 cars and In-Unit Washer/Dryers.
6 Unit Apartment Building For-Sale in the city of Sunland. Most units have been renovated. Rents are below market. Offer Subject to inspection. Please do not go on property and Contact Listing Agent for more information.
