$2,000,000 ASSUMABLE LOAN. 4% interest only until 2029 for qualified buyer (private 3rd party lender) . Two blocks from Snapchat. Very well maintained building with character. 6 charming, one bedroom units located on quiet tree-lined street in Sunset Park. Backs to single family residential. All units have patios. Front unit has patio with fireplace. Certain units have been nicely upgraded with stone counters, stainless appliances and some, if not all, with in-unit laundry. Garage income of approximately $1,150/month from offsite renters (included in gross rent subject to verification). 5 total one car garages for possible future ADU conversion. Very close proximity to trendy eateries and other shops and amenities on Ocean Park Blvd. Just down the street from beautiful Clover Park! Inside with accepted offer. Income and expenses are approximate. Income and expense will be provided to the buyer through management company. Unit 3 can be delivered vacant or tenant will remain at $2,750/ month.
A very desirable Commercial space, totally renovated with A COMMERCIAL KITCHEN ( hood, sink, grease interceptor, walk-in cooler & freezer), new plumbing, A/C, new lighting, 50 feet walk-in cooler & freezer, new front windows, outdoor front patio, 8 parking spaces. It has a 280 sqft office + shed. CUP (market- food- retail). Zoning--Medium Density Residential (R-3) classification (per the city of Santa Monica) Lot size 0.1278 Acres/5,568 Square Feet, Retail Store 2,785 Square Feet It is run as a grocery store, with a full kitchen & Bear & Wine License. VERY MOTIVATED SELLER. This property in Santa Monica won't stay long. Buyers to Verify all details including taxes. Please Send your offer today or Call the agent for more info.
Huge 650k Price Reduction! 12 Unit building with 10 fully renovated units in Prime Santa Monica cash flowing at an incredible Current Cap Rate of 5.8% and 12.6 GRM from day 1! Priced at only 416k/door for renovated units with an amazing upside to 6.7% Cap Rate and 11.2 GRM on the proforma. Delivered with 10 fully renovated units with permits including 8 remodeled units plus 2 brand-new attached ADUs. These units have been completely renovated with permits (2 vacant) and boast a high-end aesthetic with new modern cabinets, flooring, recessed lighting, new bathrooms, stainless steel appliances, washer/dryer inside, as well as major exterior capital improvements. Notably, there are preliminary plans for 2 additional detached ADUs over the open parking lot in the back that offer exceptional future upside potential. The property is located in the heart of Santa Monica just minutes away from the Beach and within close proximity to Santa Monica Business Park as well as hip neighborhood attractions, restaurants, bars, and shops such as Layla Bagels, Local Kitchen & Wine Bar, Estate Coffee, and many more popping up all around the area.
12.48 GRM and 5.06% cap in Prime Mar Vista! 11465-11473 Venice Blvd is an amazing opportunity to own two side by side courtyard 7 unit buildings at $339/Sq. Ft. You will not find a better price per door or a better unit mix in the most coveted market in Los Angeles. The property has an astounding 56% rental upside. Whether you are long term or a value-add investor, The Venice Properties are the perfect assets to help achieve your investment goals. The Venice Properties feature 14 units and a large foot print of 12,090 rentable square feet. Each building is identical to the other with a combined unit mix of (10) 2-Bed/1-Bath,and (4) 1-Bed/1- Bath Units. Just steps from Downtown Culver City, this investment is in one of the most sought-after neighborhoods on the Westside. Priced at $4,100,000 the property offer a very low $292k per unit and $339 Sq Ft. The property is currently operating at 12.48 GRM with 56% in Rental Upside! This well maintained asset comes with a brand new roof across both structures and the soft story retrofit completed, minimizing any CapEx for the new buyer. The Venice Properties are sandwiched between new tech companies such as Google, Meta, Snapchat, Hulu, Sony, HBO and Apple *GRM and Cap Rate income assume Manager's Unit to be vacant and rented at Market R
Own a 50% interest in this fourplex residential lease building, now for sale. Be a Tenant in Common in this four plex that is 3 blocks from the Santa Monica beach. This is a 100 year old building and needs updating. The price is for 50% interest in the building. Currently the co owner lives in one unit, and three units are rented. This is a great opportunity to fix up the property, and improve it, or get everyone out of the building, and re build. The choice is yours.
6,000 sq.ft. corner lot one block from Santa Monica Beach and Main Street stores and restaurants. Lot is zoned MUBL (Mixed-Use Boulevard Low), which favors potential development of ground floor commercial and upper floor housing. Highly visible potential site to show off new architecture. Could be used for home and business. The property currently has a 3 BR 2 bath 1,954 sq.ft. home built in 1984. Gated access to a two car garage and additional parking. Do not disturb occupants. Seller will show the house only after accepted offer. To be sold "As Is". Seller requests up to six months leaseback after the sale to facilitate moving.
INCREDIBLE 5.23 CAP AND 13.43 GIM WITH UPSIDE NEAR THE BEACH!!! One of the BEST priced properties in Santa Monica!! We are pleased to offer for sale an incredible multifamily asset located at 443 Bay Street in the heart of LA's famed beach city of Santa Monica. Originally built in 1971, the building boasts an ideal unit mix consisting of very large 2 & 3-bedroom floor plans. Each of these units is spacious, has a terrific layout, and offers an abundance of natural light. Perfect for a long-term investor, the property has incredible rental upside, a secured intercom entrance, ample on-site parking, all copper plumbing, a brand new roof, as well as an on-site laundry facility. The unit mix includes (1) 3-bed, 2-bath unit, (2) 2-bed, 1-bath units, and (3) 2-bed, 1-bath units. Many of the units have been luxuriously upgraded to the highest standards with hardwood flooring, custom window shutters, stainless steel appliances and quartz countertops, central HVAC (select units), recessed lighting, upgraded electrical, and an in-unit washer and dryer (select units) and central HVAC (select units). This is a fantastic trophy asset in an undeniably attractive location that will be a perfect addition to an investor's portfolio. A quick stroll to the beach and Main Street, this property is si
We are pleased to present a fifteen (15) unit apartment building located at 1860 9th Street in Santa Monica, California. The subject property is located in a prime Santa Monica location just north of Lincoln Boulevard and west of Pico Boulevard. Built in 1955, this property contains an excellent unit mix of one (1) studio / one-bathroom unit and fourteen (14) two-bedroom / one and a half-bathroom units. The property consists of a double-lot with one being zoned commercial. All units face the well-maintained inner courtyard. The units boast a ton of character with lovely tile and wood flooring, tile counters, French doors, antique light fixtures, and other built-in decorative elements. There is shared laundry on-site with newer Maytag high efficiency appliances. This rare, mid-size asset goes street-to-street with eight (8) garage parking spaces off of Lincoln Court, three (3) covered carports with storage spaces above, and seven (7) uncovered interior parking spaces. Most of the storage can be rented for additional income, and there is a private storage room attached to the southern garage. There is great potential to convert the garage spaces into multiple ADU units. Tenants will love living only one (1) mile to Santa Monica Pier, with easy access to major transportation and som
Just reduced by $500k. Large two story, six units BUILDING, well maintained, with tremendous cash flow , 10 blocks from Santa Monica Beach& Pier, 3rd St promenade and Maine street restaurants & shops. The property includes 2( 3bed+2 bath) units and 4 ( 2BED +1BATH ) units. 4 units have inside owner's stackable washer & dryer and A/C- wall units. The building features an additional community laundry room. 9 parking spaces ( 4 tandem spaces + 1 space , including 5 carports spaces). Property is fully tenant occupied. Inside entry with an accepted offer, DO NOT DISTURB TENANTS. One unit well below market rent/ major future rent increase potential. Rent roll and estimated financial sheet is in attached MLS documents. Space to Potentially build ADUS and increase the property cash flow in the rear of the property. MAKE AN OFFER OR CALL AGENT FOR MORE INFO.
Property consists of two separate structures, a double-car garage plus eight open parking spaces serviced by a rear alley. The front building has five units including one 3 BD/1 & 1/2 BA unit and four 2BD/1BA units. The rear building is a 2 BD/1 BA single family house. Great rent income upside on tenant turnover.
We are pleased to present 11755 & 11771 National Boulevard, two contiguous 13-Unit Apartment Buildings in an excellent West Los Angeles location. The Subject properties were built in 1971 and are comprised of 10) 2+2 units & 16) 1+1 units. The National Apartments are situated on a 19,618 SF lot and encompass the entire block. The Subject Properties have been owned by the current family for over 40 years and have been well maintained. This is an excellent opportunity for an investor to acquire 26 units in a strong West LA location with significant upside potential.
First time on the market in 65 years! This bread and butter apartment building with six one-bedroom, one-bath units offers consistent income in a desirable neighborhood on the Westside. It is located on vibrant Pico Blvd. in Santa Monica's Sunset Park neighborhood. There is easy access to the beach, West LA, the 10 and 405 Freeways, and Santa Monica College. This property is a solid investment and easy rental!
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.
We are proud to present the Bentley Avenue Apartments. Explore an outstanding investment opportunity at 3709 S Bentley Ave. Nestled in the highly sought-after submarket of Palms in West Los Angeles, this well maintained 8 unit apartment building is located just north of Venice Blvd and east of the 405 Freeway. It offers tenants the chance to reside in one of the most vibrant and desirable pockets of Los Angeles. With a total square footage of 6,710 square feet on a spacious 7,559 square feet lot, this mid-century gem seamlessly blends classic charm with modern functionality. The central location of the property provides easy access to local freeways, facilitating convenient commuting and travel throughout Los Angeles. Built in 1965, the property has undergone significant capital improvements, including the renovation of 4 out of 8 units. These upgraded living spaces, combined with a brand-new roof installed in 2023, a newer water heater, and copper plumbing throughout, ensure tenant satisfaction, energy efficiency, and reduced maintenance costs for investors. The property features: One (1) Two Bedroom / Two Bathroom Unit, Four (4) Two Bedroom / One Bathroom Units, Two (2) One Bedroom / One Bathroom Units, and One (1) Bachelor Unit. Despite the renovation of half of the units, the
This is a private bungalow enclave and compound with no detail overlooked. Property was taken down to studs and fully rebuilt. Most units have never been occupied. Recent Multi-Million Dollar remodel by award-winning architect, the property includes 11 charming single-level residences. This is a huge 18,027 Square Foot Lot. 6.5 CAP at asking price. Unit mix: one two-bedroom unit, six one-bedroom units and four singles. All with kitchens and high-end appliances, including Mini Split Heating/AC Units and washer/dryers! These homes showcase modern stainless steel kitchen appliances and elegant wood flooring, as well as energy-efficient dual pane windows for sound suppression. Each residence includes allocated parking for one vehicle, including seven garages, new automatic garage doors plus 5 parking spaces. The lush landscaping of the communal areas is meticulously kept and includes beautiful sycamores, enhancing the overall appeal. Please do not curb appraise.
In 1948, the Sun & Sea Motel was built nestled at the base of the iconic Santa Monica Pier. Today, you have the extraordinary opportunity to purchase 1661 Appian Way. This beachside oasis offers 12 units, each with breathtaking ocean and pier views, plus 8 private garages and extra spaces, ensuring convenient parking for residents. The building has an expansive, zen backyard that includes areas for sun lounging and al fresco dining, perfect for savoring warm coastal evenings. Originally constructed in 1948 as 6 apartments and 6 guest rooms, public records indicate the Land Use as "Motel" and County Use as "Motel Under 50 Units". Prospective buyers are encouraged to conduct their own research to determine the future potential of this remarkable property. Picture owning an investment asset with such promising possibilities where the vibrant energy of the pier and the tranquil beauty of the ocean converge. Whether you're seeking an income property for tenants to enjoy a serene retreat or an exhilarating coastal escape, this building offers the best of both worlds. Don't miss this rare opportunity to own a piece of beachside paradise in the heart of Santa Monica. Schedule a viewing today and transform your dream of owning an income property by the iconic Santa Monica Pier into a real
In 1948, the Sun & Sea Motel was built nestled at the base of the iconic Santa Monica Pier. Today, you have the extraordinary opportunity to purchase 1661 Appian Way. This beachside oasis offers 12 units, each with breathtaking ocean and pier views, plus 8 private garages and extra spaces, ensuring convenient parking for residents. The building has an expansive, zen backyard that includes areas for sun lounging and al fresco dining, perfect for savoring warm coastal evenings. Originally constructed in 1948 as 6 apartments and 6 guest rooms, public records indicate the Land Use as "Motel" and County Use as "Motel Under 50 Units". Prospective buyers are encouraged to conduct their own research to determine the future potential of this remarkable property. Picture owning an investment asset with such promising possibilities where the vibrant energy of the pier and the tranquil beauty of the ocean converge. Whether you're seeking an income property for tenants to enjoy a serene retreat or an exhilarating coastal escape, this building offers the best of both worlds. Don't miss this rare opportunity to own a piece of beachside paradise in the heart of Santa Monica. Schedule a viewing today and transform your dream of owning an income property by the iconic Santa Monica Pier into a real
We proudly present 3757 Veteran Ave, a charming 6 unit multifamily property in an excellent Palms location, minutes from Downtown Culver City and adjacent to major employers included Sony Studios, Apple, and Amazon Studios. Five of six units have been beautifully renovated to include quartz countertops, new flooring, modern lighting, retiled bathroom, stainless steel appliances and brand new 400 amp electrical service and 5 of 6 units are currently on RUBS. The property is easily accessible from the 405 Freeway and the Westside and is close to popular shops and restaurants including Etta, Little Fatty's, Alana's Coffee Roasters, and Platform LA.
Looking for the perfect investment opportunity in the heart of Santa Monica? Look no further than this stunning 6-unit complex, approximately 11 blocks from the beach and walking distance to the famous 3rd St. Promenade. Built in 1962, this 6414 square foot complex boasts 6 large, well-maintained units that are sure to impress. Whether you're an investor looking for a turn-key rental property or an owner-occupier seeking a slice of coastal paradise, this property is the perfect choice. With a prime location just a short stroll from the beach and all the best shopping, dining, and entertainment that Santa Monica has to offer, this complex is a true gem. And with pride of ownership evident in every detail, you can be sure that you're making a wise investment in your future. So why wait? Contact us today to schedule a showing and see for yourself why this commercial 6-unit complex is the perfect choice for your next investment opportunity.
7/10 Units are vacant and renovation ready! After building ADUs and rehabbing for $430k, a buyer can stabilize this at a 6.25% CAP and 13.13 GRM which includes the cost of renovation and building ADUs. 1534 Euclid St provides an investor with the opportunity to own a trophy asset in a desirable pocket of Santa Monica, while also picking their own tenants! The subject property is comprised of (1) 2Bed+2Bath, (3) 2Bed+1Bath, (5) 1Bed+1Bath and (1) Studio+1Bath units. Additionally, there is an opportunity to build (2) ADUs for added income. There are 13 parking spaces on site, as well as a common laundry area. 1534 Euclid St is conveniently located just minutes away from Third Street Promenade, Santa Monica Airport, Miramar Hotel, and many more developments. With an A+ location and ideal curb appeal, the subject property is ideal for any investor looking for immediate upside and an ADU opportunity.
1518 10th Street is an 11 unit apartment building with 10,080 square feet in a great Santa Monica beach location. Asking price per unit at $379,545 and per square foot at $414 is below the average sales comps which have sold at $465,440 per unit and $569 per square foot. This is a real opportunity to add value with lots of square footage, a great unit mix and ample parking. Add even more value to this 11 Unit building with the currently existing vacant non-conforming unit as an ADU. This is an underutilized asset which has been in the same ownership for decades. Soft Story Retrofitting is completed. All Electric building other than gas for Laundry.10 private balconies and lots of storage. Some units have electric fireplaces. Building is clean and the stairways have been resurfaced. Prime Santa Monica beach location in one of the most high demand and desirable rental areas in California and the United States. Santa Monica is known for our beautiful beaches, shops, restaurants and evolving employment hubs. Home to the Santa Monica Pier, vibrant art community of Bergamont Station with numerous galleries and nightlife. The property is in the world-renowned Silicon beach headquarters of many high profile entertainment and technology corporate firms. Located in the desirable Santa Moni
5 of 6 units units vacated by June 1, 2024! 5.58% Cap when 100% Occupied, 13.22 GRM. Priced to sell. Income based on market rents. Front duplex plus rear 4-plex, sold together, two separate parcels. The front duplex is comprised of 2 side-by-side 2+2 1,600 SF townhouses with w/d in unit, fireplaces and private patios - Seller will deliver these units vacant. The rear fourplex comprises four units, each 1+1. Two units are 500 square feet, while the other two are slightly larger at 625 square feet. All units are updated and equipped with hardwood floors, separate bedrooms and kitchens, washer and dryers in unit. Both townhouses (Units #1 & #2) and one 1+1 (Unit A) are currently vacant. Units 1 & 2 will remain vacant for the new Buyer. Unit A has a tenant signing to move in at $2,795 and Unit B & D have given notice to be vacant on June 1. Parking is provided with four garages and one carport on-site. All 4 garages and the carport are rented separately for extra income, all are vacant at the moment (owner was occupying but has now moved). ADU Plans are underway to convert the garages into an additional unit. Street parking is ample. Garages rent for $295/month and carport $195/month, all are currently vacant. An owner user could get a 30 year fixed mortgage with 20% down. Gate is lo
****NOTE!! TO BE SOLD TOGETHER WITH HOUSE NEXT DOOR [CONTIGUOUS LOT] AT 12222 EXPOSITION, TOTAL PRICE FOR BOTH, $5,400,000.00**** BTRE is pleased to present a prime development opportunity in rapidly changing Olympic/Bundy area, literally right across from the Metro Line, a stone's throw from retail (Trader Joes, Gelsons), entertainment (Bars, restaurants, coffee shops, in re-vitalized Pico/Bundy area, as well as large Westedge mixed-use upscale apartment/retail development) and quite nearby to employment centers (Fox 11; Riot Studios; USC Medical) Offering is two Contiguous Lots, 9416 Square Ft total. A recent feasibility study on the property shows a current POTENTIAL OF UP TO 96 UNITS ON THE PROPERTY - based on the new ED1 program, a product of a recent (December 2022) executive order from the City of LA, designed to encourage affordable housing.[Other potential unit mixes are available, but highest/best use is ED-1 by far, see feasibility study in documents folder for full report*]There are homes on both lots, and there are tenants in the homes. Do not disturb tenants; drive by only/contact agent for any further viewing. *: Feasibility study obtained by Seller's agent from third party. Seller, Sellers Brokers, Sellers Agents, make no warranties as to the correctness of said i
*****NOTE!! PROPERTY TO BE SOLD TOGETHER WITH 2200 WELLESEY (NEXT DOOR), TOTAL PRICE FOR BOTH $5,400,000.00.***** BTRE is pleased to present a prime development opportunity in rapidly changing Olympic/Bundy area, literally right across from the Metro Line, a stone's throw from retail (Trader Joes, Gelsons), entertainment (Bars, restaurants, coffee shops, in re-vitalized Pico/Bundy area, as well as large Westedge mixed-use upscale apartment/retail development) and quite nearby to employment centers (Fox 11; Riot Studios; USC Medical) 2200 Wellesely and 12222 Exposition are 2 contiguous lots, which both benefit from the highly coveted LAR3 TOC Tier 4 Zoning. A recent feasibility study on the property shows a current POTENTIAL OF UP TO 96 UNITS ON THE PROPERTY - based on the new ED1 program, a product of a recent (December 2022) executive order from the City of LA, designed to encourage affordable housing.[Other potential unit mixes are available, but highest/best use is ED-1 by far, see feasibility study in documents folder for full report*]There are homes on both lots, and there are tenants in the homes. Do not disturb tenants; drive by only/contact agent for any further viewing. Property can be delivered vacant. *: Feasibility study obtained by Seller's agent from third party. Se
