Great 12 units in a great location. No City Rent Control. This property is being sold together with 5328 Cleon Ave and 4906 Rosewood as part of a Portfolio Sale. Seller is in the process of adding a studio with permit projected rent is $1800.
Courtesy: Seth Polen
Lacy Real Estate is delighted to present a charming 24-unit apartment building in the red-hot Los Angeles neighborhood of Highland Park. Built in 1961, this 19,828 improvement is situated on a large 29,751 SF lot. The unit mix is comprised of 5 (1 Bed/1 Bath) Units, 18 (2 Bed/1 Bath) Units, and 1 (2Bed/2 Bath) Units.
Price Reduction !! Seller wants this property SOLD! Triplex Triplex ...Units 518 and 518 1/2: These two attached units each offer two bedrooms and one bathroom. Unit 518 is the larger of the two and boasts several modern updates, enhancing both comfort and style. Unit 518 1/2, while slightly smaller, is exceptionally functional and includes its own private, small fenced backyard—perfect for outdoor relaxation. Detached Unit: Unit 520: This stand-alone unit offers added privacy and its own private back patio. It has been recently updated with a new bathroom and kitchen, and several windows have been replaced to improve energy efficiency and aesthetics. The unit also benefits from gated off-street parking. Additional features of the property include alley access and parking for one car per unit. Recent city inspections have been completed, and the property has passed all required evaluations, ensuring it's ready for future development. This investment offers a mix of updated living spaces and practical features, making it a promising addition to your portfolio.
This 8-unit investment opportunity at 324 N St Louis Street, in Boyle Heights, awaits its new owner! This two-story apartment building, all 2 bedrooms with 1 bath is 100% occupied and falls under the city of Los Angeles with rent control regulations. Built in 1956, 4452 sq ft of living space and a 7201 sq ft lot. There is a large parking area at the back of the property. Boyle Heights is bordered on the north by Lincoln Heights, on the east by East Los Angeles, on the south by Vernon, and on the west by Downtown Los Angeles. Close to major freeways: 5, 10, and 101. It is centered in the culturally rich Boyle Heights area of Los Angeles, close to retail and eateries along Cesar Chavez Avenue. This apartment building is being sold alongside a second apartment building, directly across from this building, also 8 units, all 2 bedrooms and 1 bath. Each lot has its own APN number, and shares an easement entry to the parking lot, being sold together. Please see MLS#PW24187888 for further details on the second apartment building.
This 8-unit investment opportunity at 324 N St Louis Street, in Boyle Heights, awaits its new owner! This two-story apartment building, all 2 bedrooms with 1 bath is 100% occupied and falls under the city of Los Angeles with rent control regulations. Built in 1956, 4452 sq ft of living space and a 7201 sq ft lot. There is a large parking area at the back of the property. Boyle Heights is bordered on the north by Lincoln Heights, on the east by East Los Angeles, on the south by Vernon, and the west by Downtown Los Angeles. Close to major freeways: 5, 10, and 101. It is centered in the culturally rich Boyle Heights area of Los Angeles, close to retail and eateries along Cesar Chavez Avenue. This apartment building is being sold alongside a second apartment building, directly across from this building, also 8 units, all 2 bedrooms and 1 bath. Each lot has its own APN number, and shares an easement entry to the parking lot, being sold together. Please see MLS#PW24187980 for further details on the second apartment building.
Discover this fantastic income property located in the desirable city of El Sereno. This well-maintained residential property features two separate units, ideal for future multi-generational living or rental income opportunities. The front unit can potentially fetch market rents between $3,200 and $3,400. Front House: This inviting unit offers beautiful hardwood floors. 3 spacious bedrooms and 1 bathroom. All bedrooms come with mirrored wardrobe closets, providing practicality. 1 bedroom has a sliding door leading to the patio/carport area. The interior has been painted and features modern ceiling fans throughout for added comfort. The kitchen showcases newer quartz countertops and a stainless-steel range hood, blending style with functionality. Additionally, there are convenient laundry hookups located within the kitchen area. The property has gated parking which can be a bonus. Second House: The second unit is a cozy 2-bedroom, 1-bathroom home. The kitchen features granite counters, a ceiling fan, lots of natural light and enough space for a breakfast table. Bedrooms each have a ceiling fan and mirrored closet doors. The bathroom has the nostalgic terrazzo flooring and accents of terrazzo in the shower/tub as well. Laundry hook-ups are outside under a covered patio. The property includes gated parking for up to two cars, for convenience. This property is centrally located in close proximity to the 710 and 10 freeways. Just minutes to Cal State University and USC Medical Center. A short commute to popular locations such as Chinatown, downtown LA and Pasadena’s vibrant and trendy old town. This versatile income property in El Sereno offers modern amenities and practical living solutions, making it an excellent investment opportunity. Don’t miss out on this chance to own a piece of this vibrant community!
Welcome to 7805 and 7807 Whitsett Avenue in sunny Los Angeles, CA! This charming duplex offers a total of 1,440 square feet of living space, perfectly divided to give you flexibility and options. Sitting on a generous 6,775 square foot lot, this property has plenty of outdoor space for relaxation or entertaining. Each unit features its own unique charm, and together they offer 2 bathrooms. The interiors are cozy and inviting, with plenty of natural light streaming through the windows. Whether you're looking to live in one unit and rent out the other, or use the entire space for yourself, this duplex provides versatile living options. The outdoor area is spacious, providing the perfect canvas for gardening, outdoor dining, or simply soaking up the California sun. Plus, the location is prime you're close to local dining, shopping, and entertainment options. Don't miss out on this fantastic opportunity to own a piece of Los Angeles charm. NO SHOWINGS MUST SUBMIT OFFERS subject to interior inspection.
We are pleased to present a four (4) unit plus one (1) non-conforming unit apartment building located at 1026 W 24th Street in Los Angeles, California. The subject property is located in an ideal University Park location, north of W Jefferson Boulevard and east of S Hoover Street. University Park is known for its historic culture, rich amenities, and hosting the renowned University of Southern California. The University Park market is a rapidly changing housing market, exhibiting itself as one of the strongest rental residential markets in the city of Los Angeles. The University of Southern California, currently enrolling more than 45,000 undergraduate, graduate, and professional students, is one of the most prestigious universities in the country. Roughly 70% of USC students live off-campus, and with enrollment comprised of more graduate and professional students than undergraduate students, the demand for off campus housing near the school is continually strong. Rent growth in the area is propelled by the short-term nature of a college students tenure. There is no shortage of nearby amenities within walking distance, including popular restaurants such as Bacaro LA, The Fields, and Caveman Kitchen. Today, the University Park neighborhood contains an outstanding array of museums, galleries, theaters, sport venues, gardens, libraries, and churches. With its rich mixture of education, entertainment, art, and culture, the past and the future, the University Park neighborhood offers exciting discoveries for people all ages. Built in 1940, this property consists of a great unit mix of two (1) studio / one-bathroom units, one (1) two-bedroom / one-bathroom unit with an attached non conforming unit / one-bathroom space attached (potential to add as another permitted unit), and two (2) three-bedroom / two-bedroom units. Two (2) units will be delivered vacant. Select units have also been recently renovated and are leased partially furnished. Gas and Electric are separately metered and there have been recents updates to the plumbing, water heaters, paint and landscaping. This charming mid century asset has plenty of on-site parking in the rear with enough space to potentially build additional ADU unit(s). Tenants will love being within close proximity of many trendy restaurants, nightlife, and entertainment options such as The Velaslavasay Panoama, Nature's Brew by Bacari, Hoover Recreation Center, Everytable, Planet Fitness, Shrine Auditorium and Expo Hall, and USC DPS patrol area. Being less than a mile away from the campus of USC, student tenants will have an easy and convenient commute.Positioned in an ideal University Park location that is DPS patrolled, this offering presents an exceptional opportunity for an investor to capitalize on a student housing asset that qualifies for 30-year fixed residential financing with good opportunities to add at least one (1) ADU.
Prime Fourplex Investment Opportunity Near Koreatown and Hollywood! Built in 2006, this well-maintained four-unit apartment building offers stabilized income and significant upside potential. Each spacious unit features 3 bedrooms and 2.5 bathrooms, with two of the units recently remodeled to include modern upgrades. Enjoy sleek stainless steel kitchen appliances, granite countertops, and convenient in-unit laundry. The property also boasts ample parking, with a minimum of two spaces per unit. Located just minutes from the vibrant neighborhoods of Koreatown and Hollywood, this property is perfectly positioned for strong rental demand. Current rents range between $2,600 and $2,800 per unit, with room for growth. Don't miss this exceptional investment opportunity!
This duplex offers a fantastic opportunity for investors or homeowners looking to add value. Though it requires some TLC, the property has tremendous potential with its solid structure and spacious layout. Featuring two separate units, each with generous living areas, this duplex could easily be transformed into a high-income rental property or a comfortable multi-generational home. With the right updates and care, it promises significant upside in both market value and rental income, making it a smart investment in a desirable location. Great opportunity in a high-demand area!
Location, Location, Location!! 2 units on a large lot! Front unit 2 bedrooms 1 bath Second Unit 1 bedroom 1 bath. 2 car detached garage. With an option of a 3rd unit. Sold as is!
Located in the heart of Los Angeles this well maintained gated fourplex sits on a whopping 7,050sqft lot- offering an abundance of opportunity. Situated on a corner lot and total living space of 4,312sqft- Live in one unit and take advantage of the steady income from other units or choose to rent out all four! The choice is yours and endless! Strategic ideal layout includes two 2-bedroom units and two 1-bedroom units. Each unit includes its own dining room, designated garage parking spot and in unit washer and dryer hookups. Each occupant enjoys their own privacy and convenience. Enjoy the spacious backyard; perfect for enjoying summer evenings and gatherings. Have a sense of community and feeling of "home"! LOCATION. LOCATION, LOCATION. WALKABILITY AND DESIRABILITY. Conveniently located near the 10 Freeway, Normandie Recreation Center, public transportation, and a variety of restaurants and schools, this property is ideally situated. Central location to major attractions like Grammy Museum LA Live, the USC campus, Beverly Center Mall, Koreatown, and minutes from Downtown Los Angeles. Whether you're a first time home buyer, seasoned buyer, or investor this property unlocks potential and and opportunity! Don't hesitate to call and see what options are in store for you!
Spectacular Spanish-style Duplex! This duplex is in the sought-after Art and Cultural Center of Leimert Park. This property has not been on the market for over 44 years. Endless potential for rental income investment property (zoned for ADU) or multi-generational living or generating rental income. After entering through a beautiful arched doorway, you will find a spacious living room with lots of natural light and hardwood floors. Features also include a Den, which can be used as an office or an additional bedroom. Down the elegant hardwood floored hallway is a closet, built-in bookcase, storage cabinets and drawers. There are two carpeted bedrooms, a gorgeous tiled bathroom with a tub and shower. A nice sized kitchen with stainless steel sink and appliances, including a utility room with washer/dryer hookups and storage space. There is a separate dining room with built-in cabinet space and counter. Both units are bright, airy and spacious. There are arched doorways and hardwood flooring throughout along with curated details of design. The backyard is adorned with mature lemon, orange tree and rose bushes including an area with perfect flow for outdoor entertaining or just relaxing with family and friends. There is a two-car detached garage with shelves, and storage. This property is conveniently located near three major freeways, and minutes away from USC Campus, the vibrant heart of downtown LA entertainment, the Crypto Arena, the state-of-the-art SoFi stadium, restaurants/theatres, shopping and much more. Embrace the possibilities this stunning duplex has to offer and schedule a showing today!
A unique opportunity to own a 4-unit income property in trendy Highland Park, close to Figueroa, and walkable to Highland Park Bowl, HomeState restaurant, Civil Coffee & Mendocino Farms. This property sits on a spacious 5,048 Sqft. lot that is zoned LARD 1.5 with a 42’x120’ dimension. The property consists of: (3) two beds & one bath; (1) one bed & one bath. Two of the 2 bed/1 bath units are approx. 750 sf and another is approx. 700 sf, with the one bedroom being around 600 sf. However, the 1 bed unit’s adjoining large laundry room is perfectly sized for an easy bedroom conversion to a 2 bed 1 bath in order to increase the rent in the future. With unit #3 being vacant now – it’s a great opportunity for an owner occupant to move-in, a family member, or to improve the unit and bring aboard a new tenant. The shared driveway allows each unit to access its one-car private carport space in the rear of the building, which may have the space for a potential ADU add-on above the four parking spots. This is a great value add-on opportunity for an investor to fix and renovate for a buy and hold or to flip. Additionally, the location offers convenient freeway access and proximity to Downtown LA, Pasadena, and the Metro Gold Line, making it ideal for those seeking the best of urban living in Highland Park. Whether for investment or personal use, this property offers a fantastic opportunity in one of the city's hottest neighborhoods. Seller may consider financing a carry-back loan with a qualified buyer and optimal terms.
Exceptional investment opportunity awaits at 1145 W 85th Street in the heart of Los Angeles! This triplex is ideally located just minutes from major sports and entertainment venues, including SoFi Stadium, the Kia Forum, and the Los Angeles Memorial Coliseum. Whether you're a savvy investor or looking for a property with rental income potential, this location offers prime accessibility to LA's booming entertainment district. The property features three units, each with its own unique layout, offering excellent income potential. While the units are in need of updating, this is a golden opportunity for those looking to renovate and add significant value. With some modern upgrades and personal touches, these units could command premium rental rates in this highly desirable area. The front house has 2 bedrooms and 1 bath, the second rear unit is a one bedroom one bath and the last unit is 1 bedroom 1 bath. The property also has potential to build an ADU in the back making this a 4 unit property! So many possibilities with this opportunity! This property is also in close proximity to the new college being built on Western Ave! Additional highlights include a spacious lot with plenty of on-site parking and easy access to public transportation, major freeways, shopping, dining, and entertainment. Don’t miss out on this rare chance to own a multi-unit property in one of LA's most exciting neighborhoods. Perfect for an investor or owner-occupier looking for rental income! This property has endless potential—come see for yourself!
Attention! Great investment opportunity in the up and coming neighborhood of Boyle Heights. With an attractive 5.9 cap rate, this property offers immediate positive cash flow. Property sits on an 11,491 square foot lot and has so much to offer. 5 separate units, each with their own gas and electric meters. 2 separate parking lots with plenty of parking and entrances through 2 different streets, a very low vacancy. 12 bedrooms and 8 bathrooms. This property would be a great addition to your portfolio. Owner is willing to carry with an acceptable offer.
2643 S. Budlong Ave, is a 8-unit bungalow style multifamily building located in Los Angels close to USC. The property's layout of separate bungalows surrounding a central courtyard area, provides all tenants with outdoor space. There is a total of 8 one-bedroom units within 5 separate buildings. Property is located less than 2 miles from USC. It is surrounded by many stores, restaurants, markets, freeways. This is ideal for an investor or developer. Property is zoned LARD1.5 Contact the listing broker for additional information.
Quadruplex Investment Opportunity**Welcome to a rare gem hitting the market for the first time in over 50 years! This well-maintained quadruplex offers a fantastic opportunity for investors and homeowners alike. Featuring four spacious one-bedroom, one-bath units, this property is ideal for those looking to own a piece of real estate while enjoying the benefits of rental income.Each unit is thoughtfully designed with an open layout that maximizes space and natural light. The cozy bedrooms provide a tranquil.space, The kitchens are functional and inviting, perfect for cooking and entertaining.Situated in a conveniently location near local amenities, parks, and public transportation, making it an attractive option for potential tenants. The property boasts a well-maintained exterior and ample parking space for residents. This is not just a property; it's an opportunity to create a lasting legacy. Whether you choose to live in one unit and rent out the others or invest in all four, the possibilities. Don't miss your chance to own this unique quadruplex and make it your own!
Fantastic Investment Opportunity - Spacious Corner Lot Duplex in Prime Location Welcome to this incredible duplex, perfectly positioned on a desirable corner lot, offering a unique blend of investment potential and comfortable living. Each spacious, identical unit boasts 3 bedrooms, 2 baths, a living room, and a den, making it ideal for two families or a smart investor looking to live in one unit while renting the other. Enjoy the beautifully landscaped front yard, perfect for relaxing and unwinding after a long day. Located in a great neighborhood, this property is centrally positioned near amenities, schools, and freeways, providing unparalleled convenience. With potential for an Accessory Dwelling Unit (ADU), this property offers an exciting opportunity to maximize your investment. The current homeowner had approved permits for an ADU, though buyers should verify as they may have expired. Don’t miss out on this fantastic property – it's perfect for multi-generational living or generating rental income. Embrace the possibilities this stunning duplex has to offer and schedule a viewing today!
4PLEX - 2=2&1 2=1&1 BUILDING LOCATED IN THE HOTTEST REDEVELOPING AREA. "CRENSHAW BLVD" NEAR METRO RAIL LINE, 10FWY, ACCESS TO ALL MAJOR STREETS. PLEASE DO NOT ENTER PROPERTY CONTACT/DISTURB TENANTS. SOLD "AS IS". BUYER(S) IS ADVISED TO INDEPENDENTLY VERIFY THE ACCURACY OF ALL INFORMATION.
This private, charming, turnkey investment, with current cap rate of 5.6% and annual NOI over $118,000/yr. could be yours. Sheltered behind a tall privacy hedge in the Angelino Heights HPOZ, sits 7 individual, well-maintained Craftsman single family bungalows, each with their own private patios and outdoor space. These units were fully renovated with permits in 2003 and converted into open concept studios; with vaulted ceilings, exposed beams and wood floors and windows. Because of its location in prime Echo Park, and its proximity to high-end amenities (newly renovated Echo Park lake, Lassen's, and multiple bars and restaurants), these units rent quickly. Well-maintained but with upside potential if you add laundry to each unit. Permit history, general and sewer inspections, and rent rolls available for viewing. Recent termite clearance provided. Motivated seller.
Welcome to 8218 Blackburn Ave, a classic gem nestled in the heart of the Beverly Grove area. This 1937 vintage duplex is a harmonious blend of timeless charm and modern elegance. Each unit is an architectural marvel, boasting 3bd/2ba & a den! The vintage details will make you swoon with the graceful archways, the intricate molding, the trey ceilings, the floral accented plaster walls, the decorative FP in the beamed living room all add a touch of old-world elegance. The lower unit features modern remodeled Kit & Ba, featuring subway tile, sleek counters & beautifully stained wood floors. The leaded bay windows come with wide plank shutters, offering both privacy & style.The upper unit, currently vacant, is bathed in natural light, offering views of the Hills & features new flooring, carpeting & appliances, making it ready for immediate move-in.Both units come with the added convenience of a two-car garage, ensuring off-street parking. Significant enhancements have been made to the property, including reroofing in '21, electrical rewiring, new electrical panel upstairs, building-wide re-piping & a fresh coat of exterior paint in '19. Plus, it's zoned R3 offering potential for future development.The property is situated near the vibrant 3rd Street, home to an array of restaurants & boutiques that cater to a variety of tastes.
3438 Potomac Ave is an ultra-premium NON RENT CONTROLLED, OPPORTUNITY ZONE, 2024 construction 6-unit building located in trendy West Adams, just a short walk from countless high-end shops, galleries, and notable eateries such as Highly Likely Cafe, Thinkspace Gallery, and The Bar at Johnny's! This luxury property boasts an impressive projected 5.38% cap rate and $321,600 in yearly gross rent, making it a dream come true for 1031 exchange and Opp. Zone buyers! The property is comprised of an ideal unit mix: two large 4-bedroom tri-level townhome-style units, and four equally impressive 3-bedroom tri-level townhome-style units. All units feature large open floor plans, ultra-trendy designs, huge balconies, upgraded finishes, and TONS of PARKING! Thanks to its A++ location, this will be an extremely easy-to-manage, easy-to-rent, high cash flow property for years to come. The property also includes 12 parking spots (8 garage spaces and 4 exterior spots), all secured behind an automatic gate. The excellent location, paired with upscale modern units, ensures quick and easy rentals. These premium townhomes offer unbeatable floorplans with extremely large, tenant-friendly kitchens and living rooms. Noteworthy features include designer tiles, modern glossy cabinets, high ceilings, huge closets, balconies off the living spaces and bedrooms, countless windows providing maximum natural light, wood-look waterproof vinyl, and more! In addition to a high return, buyers will enjoy other perks such as ample parking, tastefully designed drought-tolerant landscaping, a 1-year builder’s warranty, brand new EVERYTHING, low maintenance, separate meters for gas, water, and electricity, and extreme desirability among renters for years to come. This one-of-a-kind opportunity won't last long!
DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT LISTING TEAM FOR DETAILS. We are pleased to offer the opportunity to acquire 4024 Nicolet Avenue, a 20-unit apartment community located in Baldwin Village. Situated on a 15,633 square foot parcel, the property is comprised of 13 one-bedroom units and seven two-bedroom units. The property has more than 20% upside in rental income that can be captured through renovating remaining unit interiors. Moreover, the mandatory soft-story retrofit wok has already been completed saving a new investor substantially in capital and time. 4024 Nicolet Avenue provides investors a compelling buying opportunity to acquire a value-add opportunity with a healthy in-place income stream, located in a rapidly gentrifying neighborhood.
Los Angeles is located in California. Los Angeles, California has a population of 3,949,776. Los Angeles is less family-centric than the surrounding county with 30.49% of the households containing married families with children. The county average for households married with children is 32.35%.
The median household income in Los Angeles, California is $54,501. The median household income for the surrounding county is $61,015 compared to the national median of $57,652. The median age of people living in Los Angeles is 35.2 years.
The average high temperature in July is 83.7 degrees, with an average low temperature in January of 46.4 degrees. The average rainfall is approximately 16.7 inches per year, with 0 inches of snow per year.
