Probate Sale. Subject to Court confirmation and overbidding in Court. 8-Unit mixed-use property located in a trendy district of West LA. Easy access to shopping, dining options, entertainment, and I-405. Minutes from Downtown Culver City and Venice Beach. Excellent opportunity for a savvy investor to acquire a prime westside location with significant value-add potential. For sale AFTER 58 years! Unit mix 5 x 2 bed 1 bath and 1 x 1 bed 1 bath residential units, plus 2 commercial units. One large 2 bedroom unit is vacant, and will be delivered vacant at COE. All units are separately metered for both gas and electricity. Mandatory Soft Story Retrofit has NOT been done and a Certificate of Substandard Building has been recorded by the City on the title on Feb. 05, 2019. Seller is a Court appointed fiduciary and cannot make any representations as to the condition, history of the subject property. Sold AS IS & Where IS, with current tenant(s) in place. Seller will not be responsible for any repairs, inspection reports, termite work, and mandatory government retrofit requirements prior to close. Buyer to conduct their own investigations.
Located one block from the Mar Vista Farmer's Market is this rare Venice Blvd retail and residential building with an easy cap rate of 6.7% without relocating any residential tenants. The property currently has two six residential 1-bedroom apartments, two retail stores, four office suites, and two single car garages. Two One-Car Garages can be Converted into One Studio ADU, Making Seven Total Residential Units. All of the retail and commercial tenants are on month-to-month leases allowing the opportunity to raise commercial rents to a reasonable pro forma income of $187,560 net and bringing your total building NOI to $221,773 or a 6.7% cap rate. Relocating residential tenants adds an ADDITIONAL 20% upside in rents. The front building is two stories and features approximately 2,442 square feet of ground floor retail and commercial space and four 1 bedroom/1-bathroom apartments on the second floor. The second building is a two-story duplex, each unit of which is a 1 bedroom/1 bath that occupies one floor. In between the two buildings are two free-standing parking garages and one assigned parking spaces for each tenant. Pro Forma Cap Rate After Commercial Value-add + Garage ADU Conversion: 7.4%. Pro Forma Cap Rate After Commercial Value-Add + Garage ADU Conversion + Residential Val
Location,location,location! Great investment opportunity. Almost a $100k dollars worth of renovation and paints of exteriors. FRESHLY PAINTED throughout exterior wall,new install of a beautiful and modern look facade in the front(center) of the building,new front windows,freshly painted door on each unit,new concrete on the driveway,new decomposed granite both in the backyard and sideyard ,new landscaping in the frontyard .This triplex is on a large lot, zoned R3 and features a(first unti) 2 bedrooms with 1 1/5 bathrooms unit , (second unit)2 bedrooms with 1 bathroom unit and third unit)1 bedroom with 1 bathroom unit. There is a possible 4th unit of living space with bedroom space ,bathroom (not permitted) with its own backyard. The shared laundry room has new flooring,and freshly painted throughout.A designated storage per unit, individual 1 car parking lot. A very quiet and established community,very close to freeway, to LAX,famous beaches ,shoppings and winning schools .
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
Perfect opportunity to own a Del Rey multi-unit building with huge upside potential. 12 apartments (9 units / 3 guest units) completely occupied with lots of parking close to LAX, Westside Beaches, Loyola Marymount University, Playa Vista, Santa Monica and Marina del Rey neighborhoods.
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!
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.
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
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.
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.
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.
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
PRICE REDUCED FOR FAST SALE! We are pleased to present 1427 15th Street, a 10 unit apartment building in Santa Monica. Eight of the 10 units are deed-restricted to 30% AMI affordability, limiting rent levels on those 8 units to $757 for 1 bedroom units and $898 for 2 bedroom units. However, unit 4 (2 bed 2 bath) and unit 10 (3 bed 2 bath) are NOT deed-restricted and can be leased out at MARKET rents. Both of the market rate units have been taken down to the studs and will be delivered vacant creating the perfect opportunity for a new owner to customize to their own specifications. The top floor 3 bed 2 bath "owner's unit" which offers incredible amazing city views from the balcony is PERFECT FOR AN OWNER/USER. The property includes a total of 11 parking spaces consisting of a tandem space, two 2-car garages, and seven single spaces. There is potential to convert the two-car garages into market-rate ADUs (Buyer to verify with the city). In total there are six vacant units (3 rent ready and 3 gutted units). Santa Monica is known for its excellent schools, community parks, and a vibrant beach-town atmosphere. The mid-city area's lively ambiance and convenient lifestyle make it highly desirable for renters and an enticing proposition for investors looking to capitalize on the city's
Discover this fully remodeled California Bungalow building in the coveted area of Santa Monica. There are Five units. All Units are tastefully Upgraded and offer a comfortable and modern living experience. Make your way inside and be greeted by restored wood flooring. Main House with its beautifully redesigned bathroom and standup glass shower enclosure adding a touch of elegance and functionality to your daily routine. All units stands apart as it has no attached walls, offering a sense of privacy and tranquility that feels more like a standalone home. The main house is vacant and great for Owner users. All Units are totally remodeled with New Bathroom and done Showers. In unit Washer and Dryer in the Three Units. Separate two other Studio upstairs and they are Sharing community washer and Dryer. Four Cover Parking garage spaces with alley access. Phenominal Location with easy access to some many top dining, markets, parks, and schools. Embrace the vibrant Santa Monica lifestyle with all the amenities and conveniences at your fingertips. Don't miss the opportunity to call this beautiful building a home and a fantastic generational investment vehicle.
Rare opportunity for an investor or owner/user to acquire a 2018/2019 construction modern-luxury 5 bed/4 bath home and 5 additional (1+1) multifamily units situated on a 7,493 SF lot in prime Santa Monica. The home features beautiful finishes throughout, including an expansive chef's kitchen equipped with Viking appliances, a large center island, Carrera countertops, and custom cabinetry. Additional features include hardwood flooring, a stackable washer and dryer, and central A/C and heat with separate controls for the first and second floor. The bathrooms feature custom cabinetry, Carrera marble, modern fixtures, and mosaic tile finishes. The property is equipped with a camera system, intercom and app-controlled garage door access. The home is currently occupied by a tenant. Also, the oversized lot features (5) 1+1 income producing rental units with significant rental upside. 1 of the 5 units has been renovated with high-end finishes and the building features new exterior paint, a new roof and new landscaping. Investors have the opportunity to implement additional renovations and eventually capture market rents.
We are pleased to offer the opportunity to acquire 1323 11th Street, a 10 unit partially renovated apartment community located in Santa Monica. Situated between Santa Monica Boulevard and Wilshire Boulevard, the subject property is located only 0.7 miles from the 3rd Street Promenade and provides easy access to everyday amenities. Consisting of one building on a 7,485 square foot parcel, the property is comprised of seven one-bedroom units, and three two-bedroom units. Current Ownership has extensively renovated 80 percent of the units and feature new flooring throughout, newly remodeled kitchen with modern quartz countertops, new stainless-steel appliances, stainless-steel dishwasher, stainless-steel stove/oven, large farmhouse style stainless-steel sink, large open dining area and living room area. Renovated Units also include new remodeled bathrooms, modern vanity, spacious closets, and cabinet space throughout unit. 1323 11th Street provides investors a rare buying opportunity that provides an immediate healthy income stream, with remaining rental upside in a prime coastal market.
We are proud to present 1311 Euclid Street, a 11 unit multifamily property in Santa Monica, CA. Built in 1968, this 10,384 square foot property sits on a 0.17 acre lot and it boasts a strong unit mix of three 1 bed/1 bath, two 2 bed/1 bath, two 2 bed/2 bath, and three 3 bed/2 bath units. The subject property resides less than one and a half miles from the beaches of Santa Monica and hubs for shopping, entertainment, restaurants, and nightlife for beach city locals. The property offers ample carport parking at the rear alley and side of the building. To enhance the quality of living for residents, the property features a smoke-free environment, security systems, cable ready, storage spaces, laundry facilities, stainless steel appliances, controlled access, walk-in closets, patios and balconies. The property is also being offered with an attractive assumable loan with a $2,550,000 remaining balance at a 4.56% interest rate fixed through 2027. This offers lower overall costs to a buyer in our current higher-rate environment. The City of Santa Monica has undergone a remarkable transformation in recent years, emerging as a thriving hub for technology companies and attracting a wave of young, skilled professionals seeking dynamic job opportunities. With its vibrant ecosystem of startup
****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
Lee & Associates Los Angeles West Inc. & Bond Street Partners, acting as the exclusive advisor, are pleased to present the investment opportunity to acquire the 100% fee simple interest in 1248 5th Street, known as the Santa Monica Post Office. This iconic property offers an unprecedented opportunity to capitalize on Santa Monica's March 2023 Housing Element update to build 157 luxury residences anchored by 32,900 square feet of existing, architecturally stunning retail in the heart of Downtown Santa Monica. With its multi-level design, this two-story, historical building stands as a remarkable landmark and perfect jewel box owner-user compound with development potential. Its enviable location provides immediate access to a vibrant technology and creative community, prestigious shops, renowned restaurants, nightlife, and attractions, ensuring strong rental absorption and retail fundamentals. Boasting meticulously preserved interiors that exude an air of sophistication and charm, this space is truly unrivaled and ready for an investor to reinvent the asset into a world-class destination. Visit www.santamonicapostoffice.com for more information.
*****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
Building was remodeled in 2013-2014 | Move-in ready creative office with state-of-the art recording/mixing studio in prime Downtown Santa Monica location
Prime Mar Vista location and excellent value-add opportunity offered at 11340 National Blvd.! This 11-unit Mar Vista multifamily asset offers savvy investors significant upside potential through its unique layout and below-market rents. At least 2 units will be delivered updated & vacant, a major advantage in rent-controlled Los Angeles. Bring your expertise to unlock immense value by increasing rents to market rates. With an ideal mix of 1 one-bedroom, 2 one-bedroom + den, 6 two-bedrooms & 2 two-bedroom plus den. This boutique 11,112 sq ft building includes desirable amenities like on site parking/laundry and sits on an 8,382 sq. ft. lot. The prime Mar Vista location provides walkable access to restaurants, shopping, entertainment, and quick freeway access and is zoned for the coveted Mar Vista Elementary School. LA's strong multifamily fundamentals, with rising population and shrinking household sizes, further enhance the opportunity. Don't miss this rare chance to acquire an underperforming property primed for optimization to its full potential. Bring your vision to unlock immense upside in the heart of desirable Mar Vista! This is a brilliant opportunity for a savvy investor to acquire an ultra-prime west side location with significant value-add potential. Currently 2 units w
