Presented alongside the neighboring 427 E Acacia Avenue building, the two properties are available either individually or as a portfolio. The entire building consists of two bedroom apartments with rents ranging from $2,025 to $2,100, while similar properties are achieving rents above $2,700. A new investor may be able to capture the approximately 27% rent upside more rapidly as the property is granted higher allowable rent increases via AB 1482, when compared to other assets subject to Los Angeles rent control. The buildings are surrounded by attractive shopping and dining options. Mere blocks east, tenants can enjoy boutiques, coffeeshops, and restaurants in historic Adams Square. Several retailers and restaurants line both Glendale Avenue and Brand Boulevard, both major streets being within two blocks of the property. Less than one mile north are both the upscale Americana at Brand shopping center and the recently remodeled Glendale Galleria shopping mall.
We are proud to present "The Fair", a 15-unit condominium property located at 5630 Fair Ave in North Hollywood, CA. Built in 2018 to condo specifications, this property is 100% free of all rent control. The 28,381 sqft building sits on a 0.39 acre lot, and it boasts an excellent unit mix of all 3 bed / 2 bath condos. The 15 condos are split into 5 different floor plans ranging from 1,460 sqft to 1,574 sqft, with the average of 1,502 sqft. Of the 15 units, 13 are market-rate and 2 are low-income restricted.The property has gated parking on the ground floor with three levels of residential above. Each of the three residential floors have 5 condos with a stacked design. These well designed condos feature new stainless steel appliances, an in-unit washer/dryer, an open-plan kitchen and dining area, a large living room with wood-inspired vinyl floors, and a balcony. Central air conditioning, modern finishes, and a host of amenities including an elevator, covered parking, video surveillance, and more, ensure a safe and comfortable living environment for the tenants. The property has 8 KWP solar panels and EV Chargers, both of which provide additional income. Currently, these condos are being operated as apartment rents and bringing in a combined $48,000 in monthly rent. If the investor
5% CAP RATE ON CURRENT RENTS! Presenting an excellent opportunity to purchase an 8 unit multi-family apartment property with very desirable qualities, good in place rents with room for future growth. At close 900 SF each these spacious units are all 2 bedroom + 1 bath and feature W/D hookups inside, front patios acting an extension of the living space and are separately metered for gas and electricity. The two single-story buildings have pitched roofs, require NO soft-story retrofitting and are situated on a oversized, corner lot that is nearly 20,000 SF with carport parking in the rear. This property is part of Pasadena city rent control laws. Please do not go on the property and disturb any tenants. Drive by only. Offers subject to inspection.
2548 El Molino Avenue is a 10-unit asset located in Altadena, California. Current ownership has spent over $400,000 to thoughtfully restore the asset, with $170,000 alone spent on electrical and plumbing ugrades and a new roof. New ownership can take advantage of current ownership's interior remodels and recognize 20% upside on current rents. The property is comprised of (2) 2BD/1BA units, (6) 1BD/1BA + Den units, and (2) 1BD/1BA units. Current ownership has implemented resident utility billing (RUBS) across all units, allowing the asset to operate at a sub 30% expense ratio. The property is Mills Act eligible, which would allow new ownership to further drive down operating expenses*. An existing storage space provides current income, and also has the potential to be converted into two (2) ADUs for additional rental revenue of approximately $84,000 annually. 2548 El Molino Avenue offers an assumable loan of $1,631,000 at 5.25% with 5 years of interest only payments remaining.
RTI DEVELOPMENT OPPORTUNITY! Your next investment awaits--This lot, located in the heart of North Hollywood, is a prime location for a multifamily asset. Approved plans for the future development feature a total of 6 units comprising four 4-bedroom units, one 2-bedroom ADU, and one recreational room that is to be converted to a second 2-bedroom unit after C of O totaling 20 bedrooms, 16 bathrooms, and over 9,000 SF of building area. The 4-bedroom floor plans boast over 1,700 SF and will come with either 3 or 4 bathrooms; each will come with a private 2-car garage and a private rooftop deck. Currently on the lot stands a VACANT 1,561 SF 3-bedroom, 1-bathroom single family house and a 622 SF detached garage. Located amidst the North Hollywood Arts District, LA Metro Bus and Train connection hubs, schools, parks, dining, and nightlife this community has all that city savvy renters are vying for.
INVESTMENT OPPORTUNITY. This 10-unit apartment building located at 13226 Paxton Street in Pacoima presents a compelling investment opportunity. Boasting a monthly rental income of $17,400, with each unit individually metered for gas and electric, this property promises stable returns for savvy investors. With a 100% occupancy rate, this building offers immediate cash flow and a solid foundation for long-term growth. The steady rental income provides a reliable source of passive income, making it an attractive option for investors seeking to diversify their portfolio or expand their real estate holdings. Additionally, the separately metered utilities offer potential for cost savings and increased profitability, as tenants are responsible for their own gas and electric bills.
Look no further. This is an ideal location with many possibilities . Currently used as Religious Institution. City of Pasadena zones the lot - PSC There is ONE building standing. It is up to Buyer what they intend to do with the building. Once Accepted, Listing Agent will set the date for Buyer to view the inside of the building. This sale is negotiable. Seller is motivated. Offers are welcome.
SELLER CARRY Financing Available at 4% IO. Value-add investment opportunity located in the trendy Los Angeles submarket of Atwater Village. This 8-unit apartment complex features a diverse unit mix consisting of three 2 bed + 1 bath, and five 1 bed + 1 bath units. Atwater Village boasts a vibrant community of with a mix of modern amenities and old-school charm. From trendy cafes and eateries to boutique shops and yoga studios, residents enjoy easy access to everything they need. With picturesque streets, parks, and the proximity to the LA River, the neighborhood offers a relaxed yet dynamic lifestyle in the heart of LA. From the property, it's only a short brisk walk to the following neighborhood facilities: North Atwater Park, Chevy Chase Park, North Atwater Bridge, The Paddock Riding Club, River Ridge Club and Stables and much more along the LA River. Tuck-under retrofit work has yet to be complete, but plans are in place. This could offer a savvy investor the ability for ADU potential, buyer to research and verify at their discretion. Broker/agent do not guarantee the accuracy of the information pertaining to the size and condition of the property and its features provided by the Seller, though public records, or any other sources and Buyer is advised to independently verify t
13279-13281 Van Nuys Blvd in Pacoima. It is located on a major thoroughfare in a redeveloping area of Pacoima. This three-unit Commercial Space is ideally suited for first-time investors in the Retail Space or a potential owner-user opportunity. The property comprises three units with Units of Square Footage of 510, 1488, and 1097 for 3095 Square Feet. The property has a rental upside! The property has a new facade, giving it life and curb appeal. This property will benefit from the new light rail line scheduled to be built for the Metro. The area has a high traffic count and benefits from heavy foot traffic. Centrally located to the 118 and 5 freeways, it has plenty of freeway and transit access.
5640 Bakman Ave is a charming 7-unit apartment building in the vibrant neighborhood of North Hollywood, California. This a rare opportunity for investors seeking a prime location with excellent rental potential. This seven-unit apartment building is comprised of (6) Six (1) One-bedroom and (1) One-bath units, and (1) One (2) Two-bedroom and (1) One-bath unit. Conveniently situated in North Hollywood, this property enjoys proximity to many amenities, including popular dining destinations, entertainment venues, shopping centers, and recreational parks. Commuters will appreciate easy access to major transportation routes, including the nearby Hollywood Freeway (US-101), providing seamless connectivity to the greater Los Angeles area. The property is within walking distance of the Metro Redline location and near the heart of the North Hollywood Arts District. The property has desirable amenities, including assigned parking spaces, on-site laundry facilities, and well-manicured communal areas. It is individually metered for gas and electricity and has a tremendous rental upside. The property has a Low Income Covenant until 2035, part of the ACHP. A copy of the Covenant will be provided. ***Property must be sold with 5653 Bakman Ave in North Hollywood***
Nestled in the heart of North Hollywood, this charming six-unit apartment building on Bakman Ave offers residents an urban oasis amidst the bustling cityscape. Situated within close proximity to trendy cafes, eclectic eateries, and vibrant entertainment options, this property embodies the epitome of convenient city living. 5653 Bakman Ave is a charming 6-unit apartment building in the vibrant neighborhood of North Hollywood, California. This a rare opportunity for investors seeking a prime location with excellent rental potential. This six-unit apartment building is comprised of (4) Four (1) One-bedroom and (1) One-bath units, and (2) Two (2) Two-bedroom and (1) One-bath unit. Conveniently situated in North Hollywood, this property enjoys proximity to many amenities, including popular dining destinations, entertainment venues, shopping centers, and recreational parks. Commuters will appreciate easy access to major transportation routes, including the nearby Hollywood Freeway (US-101), providing seamless connectivity to the greater Los Angeles area. The property is within walking distance of the Metro Redline location and near the heart of the North Hollywood Arts District. The property has desirable amenities, including assigned parking spaces, on-site laundry facilities, and wel
Excellent investment/development opportunity near the heart of the NoHo Arts District. Access to shopping, dining, and public transit (metro). Pre-lim plans and drawings submitted for approx. 32 units + parking. Mix of studio, 1 bedroom and 2 bedroom units.
INCREDIBLE PRICE FOR A REAL FIVE UNIT BUILDING. FIX AND SAVE. PRIME GLENDALE ADAMS HILL/ADAMS SQUARE MULTI UNIT FIXER OPPORTUNITY. HUGE UPSIDE POTENTIAL!! FIRST TIME ON THE MARKET IN 20+ YEARS. UNDER MARKET RENTS TREMENDOUS POSSIBILITIES. ZONED GLR4YY. Five units total PLUS a converted garage studio. Breakdown is as follows: One - 3 bedroom/2 bath front house (NOW VACANT). One - 1 bedroom/1 bath unit (LEASED). THREE separate studio units (TWO ON MONTH TO MONTH and one gutted/vacant), plus a converted garage studio (WILL BE DELIVERED VACANT after COE). One of the studio units is vacant and gutted, and ready to be renovated. NEWLY UPDATED 1 BED/1 BATH UNIT - JUST REDONE (SEE NEW PICS). Lots of room for improvement. THREE total structures on the lot. Please do not disturb tenants or go on property. Front house built in 1912 - middle units built in the 1950's - stand alone unit built in 1960's. DO NOT MISS YOUR CHANCE!! Active rents at this time are approximately $3787 TOTAL per month BUT this does not include newly vacant front house (which will easily double incoming rents), plus detached studio. CASH/HARD MONEY OR STRONG DOWNPAYMENT ONLY AS THIS IS WILL REQUIRE A COMMERCIAL LOAN BECAUSE IT IS 5 UNITS.
SELLER CARRY Financing Available at 4% IO. Value-add investment opportunity located in the trendy Los Angeles submarket of Atwater Village. This 8-unit apartment complex features a diverse unit mix consisting of one very large 4 bed + 3 bath, two 2 bed + 1 bath, and five 1 bed + 1 bath units. Atwater Village boasts a vibrant community of with a mix of modern amenities and old-school charm. From trendy cafes and eateries to boutique shops and yoga studios, residents enjoy easy access to everything they need. With picturesque streets, parks, and the proximity to the LA River, the neighbourhood offers a relaxed yet dynamic lifestyle in the heart of LA. From the property, it's only a short brisk walk to the following neighborhood facilities: North Atwater Park, Chevy Chase Park, North Atwater Bridge, The Paddock Riding Club, River Ridge Club and Stables and much more along the LA River. Tuck-under retrofit work has yet to be complete, but plans are in place. This could offer a savvy investor the ability for ADU potential, buyer to research and verify at their discretion. Broker/agent do not guarantee the accuracy of the information pertaining to the size and condition of the property and its features provided by the Seller, though public records, or any other sources and Buyer is adv
REZONED FOR UP TO 18 UNITS! Welcome to the heart of Altadena, where an incredible investment opportunity awaits you. This property offers six charming, cottage-like homes, each featuring 1 bedroom and 1 bath, except one unit offering 2 bedrooms and 1 bathroom, making it the perfect investment for those seeking versatility and rental income potential. Nestled amidst lush green landscaping and surrounded by bountiful fruit trees, this tranquil oasis creates an inviting ambiance that tenants will love. The spacious parking areas ensures convenience for all residents and their guests, providing ample space for vehicles. What sets this property apart is the private long road in between, offering both accessibility and seclusion. Don't miss out on this unique chance to own a property that promises not just excellent returns but also a slice of paradise in Altadena.
An Exceptional opportunity to own this Residential Income property in city of Pasadena, 5 units residential income with large lot, conveniently located close to the Freeways, Public Transportations, Shopping areas, Old Town Pasadena, Rose Bowl, Restaurants, and Public Parks. It is a great Value with possibility of building 2 additional ADUs on this lot. with even a much higher future income, all units are occupied and well maintained. 110 E washington has 3 units and listed separately and these two lots are attached to each others and are being sold together.
This large, 1941 sqft medical building previously served as a dentist's office and is now the Altadena Boys and Girls Academy. The layout lends itself to configuring the space into ~10 offices/patient rooms, with a large lobby/intake area in the middle of the building. There is a large ~3200 sqft paved lot behind the building accessible via the driveway to the South of the structure. Leasing to a NNN Medical tenant would command significantly higher rents and dramatically lower the expenses, resulting in a 6.5-7% Cap property. The property is available alone, or together with the adjacent house (zoned commercial) at 2159 Lake Ave. in listing SB23095443. Seller financing will be considered with qualified offers. The garages are part of the neighboring property and will not be included with the sale of 2151 Lake.
Welcome to your new investment opportunity in the area of Pasadena! Presenting this well-maintained 5-unit apartment building that offers both comfort and convenience. Each unit comes with its own designated parking spot in the rear, ensuring hassle-free parking for tenants. Upon entering the property, you'll find two units: one featuring 2 bedrooms and 1 bathroom, and the other offering 1 bedroom and 1 bathroom. Above each of these units lies identical rooms and layouts, providing consistency throughout the building. As you explore further, you'll discover the last 1 bedroom, 1 bathroom apartment tucked away separately from the other four units, offering a sense of privacy and exclusivity. Additionally, the property boasts a garage and a laundry room in the back, enhancing convenience for both tenants and owners alike. Located in close proximity to schools, parks, trails, and the charming Old Town Pasadena, this property promises a lifestyle of ease and enjoyment for its residents. Don't miss out on this incredible opportunity to own a piece of Pasadena's thriving real estate market and the endless possibilities this property has to offer!
8 Unit income property in highly desirable Eagle Rock - a rare find in a market with extremely limited inventory. All units are 1 Bedroom 1 Bath. Four blocks from Colorado Blvd. Close to Occidental College. Six garages currently being used as storage for tenants. 6 uncovered parking spaces. All units separately metered for gas and electricity and all units have separate water heaters. Foundation bolting completed in 2013. Indicative of the strong rental demand in the local area, this property is fully leased. Upon unit turnover, this property presents an enticing 32% potential upside in rental income, making it a compelling opportunity for growth-minded investors. CONTACT LISTING AGENT FOR FULL OFFERING MEMORANDUM.
*** Just reduced by $225,000 - Bring ALL offers - current ownership is motivated to meet the market *** 327 S. Madison Way is an 8-unit townhouse complex in Glendale (built in 1983) located down the street from the new East End Studios. This well-maintained property features (8) 2-bdrm. and 2.5-bath townhouse-style units with direct access to a private 2-car garage, central A/C, in-unit laundry, and a private patio. Each spacious townhome averages approx. 1,281 SF, and tenants are responsible for paying the costs of gas, electricity, and water. Ownership upgraded several units including, wood laminate flooring, updated cabinetry, stainless steel appliances, and recessed lighting. This turnkey property is equipped with subterranean parking (no retrofitting required), copper plumbing, a new roof in 2019, and upgraded decks in 2020 (per ownership). 327 S. Madison is located 1.4 miles from The Americana at Brand, Glendale Galleria, Glendale Fashion Center, and an array of dining/entertainment amenities along Brand Blvd. Please note that the City of Glendale currently allows an 8.8% annual rental increase (5% + CPI). The property offers approx. 23% rental upside compared to renovated units in the area. The property will stabilize at 6.15% CAP and 11.29 GRM at the list price.
Discover a unique opportunity in Garfield Heightsa beautifully re-imagined mixed-use income property on one picturesque corner lot. This property features a charming California Bungalow and a versatile commercial retail space, ideal for a creative office or boutique business. Residential Unit: California Bungalow Meticulously Restored: Preserves many vintage aspects, including original built-in cabinets and original hardwood floors. Newly renovated bathrooms with vintage-style tile. Indoor-Outdoor Living: Large French doors in the kitchen and master bedroom open to a spacious deck. Light-Filled Living Space: Features elegant hardwood flooring throughout. Gorgeous Kitchen: Boasts open-beamed ceilings and a large wood-planked island. Modern Comfort: Central air and heat. Parking: Includes a 1-car garage. Income Potential: Currently rented for $4,075/month. Commercial Unit: Retail Building Spacious and Bright: High ceilings and cement floors. Functional Design: Includes a mini-split system for heat and air, a kitchen, and a 1/4 bath with room for expansion. Parking: Two dedicated parking spaces. Income Potential: Currently rented for $3,533.50/month. Additional Features Newly Remodeled: Both units have new electrical panels and wiring, new appliances, new plumbing fixtures, new A
We are proud to offer a rare opportunity to acquire the Foothill Vista Apartments, a well-maintained 28-unit property located at the corner of Foothill Boulevard and Harding Street at 13266 Foothill Boulevard. This 28,285 sq ft building sits on a 23,921 sq ft lot, boasting excellent visibility and convenient access to the 210 Freeway. Nestled against the majestic backdrop of the Foothill Mountains, Foothill Vista Apartments is located in the suburban neighborhood of Sylmar, which is the northernmost city of Los Angeles at the edge of the San Fernando Valley. The property features mature lush landscaping, controlled access, laundry facilities, and a mix of covered and surface parking stalls along with a dedicated on-site management and maintenance team. The Foothill Vista Apartments boasts spacious units with stainless steel dishwashers, electric cooking systems, vinyl wood plank or carpet flooring, Central A/C and heating systems, ceiling fans, vertical blinds, private balconies and high speed Internet access.* Strategic Location, Diverse Market: Foothill Vista Apartments occupy a prime spot in Sylmar, offering access to a dynamic tenant pool. Neighboring cities like San Fernando, Mission Hills, Granada Hills, Pacoima, Burbank, and Northridge boast distinct demographics, ensu
Bow Truss architectural gem in the heart of the NOHO Arts District. This property features a wide open design with exposed beams and polished concrete floors - with 4,675 square feet on the ground level, plus a large loft/mezzanine area situated on a 6,003 SF lot. Ideally located directly in the densely populated and thriving Arts District just steps to Amazon Fresh, WeWork workplace, Laemmle 7 theaters, and talks of a soon to come 7-story hotel featuring commercial space and 125 rooms. 5018 Lankershim benefits from excellent visibility and 56 feet of frontage along highly trafficked Lankershim Blvd and is within the State Enterprise and Opportunity Zone. The property features 2 parking spots in the back with the possible potential to expand with reconfiguration to the rear of the building - in addition to 2 private offices, 3 bathrooms, and plenty of storage. Property is currently owner occupied and can be delivered vacant.
We are proud to present "The Burbank", a 21-unit condominium property located at 11616 Burbank Blvd in North Hollywood, CA. This listing is part of a 3 property portfolio with 57 total condos, all in the South Valley, and all built by the seller in 2018.Built in 2018 to condo specifications, this property is 100% free of all rent control. The 30,817 sqft building sits on a 0.42 acre lot, and it boasts an excellent unit mix (15) 2 Bed / 2 Bath condos and (6) 3 Bed / 2 Bath condos. All of these modern condos are very large, with the average 2-Bed at 1,387sf and the average 3-Bed at 1,575sf. Of the 21 condos, 19 are market-rate and 2 are low-income restricted (both low-income restricted condos are 2 Bed).The property has gated parking on the ground floor with three levels of residential above. Each of the three residential floors has 7 condos with a stacked design. The condos are fully equipped with a high-end gourmet kitchen, stainless steel appliances and kitchen islands. Also included in each unit is a washer and dryer, balcony and exceptionally large space cabinetry and closets. The building is equipped with 8kwp solar panels and 9 EV chargers.Currently, this condo building is being operated as apartment rentals, and the building is 100% occupied with all tenants paying rent. Th
