BACK ON THE MARKET! This 1925 charmer is located in the heart of South Los Angeles where development is booming and the city is transforming in front of our very eyes. This 6 unit beauty sits in the Vermont Knolls area centrally located to several major freeways including the 110 and 105 freeways. LA Live, Sofi Stadium, the new Intuit Dome, The Kia Forum, BMO stadium, The University of Southern California and Downtown Los Angeles are all less than 6 miles away. LOCATION, LOCATION, LOCATION! The area is experiencing significant urban redevelopment which is highlighted by the many new housing developments springing up in the area as well as recreational development. This property presents tremendous potential for cash flow and passive income. If you are looking for a great investment, look no further, you have found it here. Don't miss out on this great investment opportunity.
Discover an exceptional opportunity in the heart of Leimert Park with this unique two homes in one lot property, a perfect blend of functionality and potential. This generous 6,780 sq ft lot boasts two separate residences: one 3 bed 2 bath fully-remodeled gem that marries classic charm with modern aesthetics; and a second one, a pristine, newly built 3 bed 3 bath home meticulously crafted to meet contemporary desires with an open floor plan. With 2,061 square feet of crafted space, each corner is designed with precision and care, offering a total of 6 bedrooms and 5 bathrooms across both homes. This setup not only caters to substantial family living but presents lucrative possibilities for savvy homeowners and investors alike looking to dwell in one unit while leasing the other. The first home features a beautiful, open-concept living area that seamlessly connects the living room, dining space, and a kitchen equipped with state-of-the-art appliances and chic finishes. A few steps away, the second home, a brand new structure, stands with a promise of privacy and luxury. It has been crafted with attention to detail, ensuring that every element, from the infrastructure to the aesthetic finishings, adds to a sophisticated living experience. Each room is drenched in natural light, courtesy of well-placed windows, fostering a warm, inviting environment throughout. Set on a generously sized plot, the outdoor space offers ample room for relaxation and entertainment alike. Whether you're cultivating a garden, hosting summer barbecues, or simply soaking up the California sun, the back yard is ideal. Positioned strategically near notable community features, residents have convenient access to Crenshaw High School, ensuring top-notch educational facilities are just a stroll away. The nearby Crenshaw & 50th Street bus station broadens commuting horizons, linking you effortlessly to the greater Los Angeles area. For daily conveniences, Vons supermarket is a short drive away, perfect for all household needs. Additionally, Edward Vincent Jr. Park offers a serene escape from urban life, presenting a verdant oasis where leisure and nature meet.This property is not just a home; it's a lifestyle choice. It provides a rare chance to combine home-life with income potential in a city known for its dynamic real estate market. Luxurious living, coupled with strategic positioning near essential amenities, makes this an ideal option for those looking to capitalize on Los Angeles' vibrant property scene. Consider this multi-family dwelling not only as a residence or an investment but as a cornerstone where new memories will be forged, community connections strengthened, and life's chapters joyously written.Welcome to a home where every day offers the potential to live your dream city life while investing in your future.
Discover a promising investment opportunity with this eight-unit apartment building situated on a coveted corner lot in Los Angeles. Each unit offers a comfortable layout featuring one bedroom and one full bathroom. Currently generating steady rental income, this property presents a solid foundation for investors seeking to capitalize on the thriving Los Angeles market. Please note: All units are currently occupied. To ensure accurate property condition assessment, potential buyers are encouraged to conduct thorough inspections with appropriate professionals.
Welcome to your next lucrative investment opportunity! This brand new, three-story attached duplex, located in the vibrant Jefferson Park neighborhood and just 1.7 miles from USC, is the ideal property for co-living or student housing. Each unit boasts an impressive 8 bedrooms and 8 bathrooms, totaling 16 bedrooms and 16 bathrooms across the entire duplex, ensuring ample space and privacy for all residents. The second floor features a spacious community kitchen, perfect for socializing and communal dining. Residents will appreciate the convenience of both street and onsite parking. The property’s central location offers easy access to the 10 and 110 Freeways, making commuting a breeze. Enjoy proximity to iconic attractions such as the Natural History Museum of L.A., SOFI Stadium, Crypto Arena, and more. This property is not just a place to live but a lifestyle choice, providing a blend of comfort, convenience, and modern living. Don't miss out on this exceptional investment opportunity!
We proudly present 3757 Veteran Ave. The property features 6 units in an excellent Palms location, just minutes from Downtown Culver City and close to major employers like Sony Studios, Apple, and Amazon Studios. Five of the units have been renovated with condo-quality finishes, including quartz countertops, new flooring, modern lighting, retiled bathrooms, and stainless steel appliances. With a nearly 6% rate of return from day one, the property also boasts a new roof, 400 amp electrical service, and tenant responsibility for utilities through RUBS. It offers easy access to the 405 freeway and the Westside, and is near popular shops and restaurants, including Platform LA.
We're excited to present 3500 Cimarron St, a prime investment opportunity offering a low-maintenance addition to your portfolio. This property features three units, each with two (2) bedrooms and one (1) bathroom. It also includes a spacious parking area with the potential to add an ADU for additional income (buyer to verify). The property was just painted, had new heating systems installed, re-roofed in 2017 and 2/3 of the units have been updated. Fully occupied and generating a total monthly income of $8,464 (rental increases available for all units at the beginning of next year) and minimal expenses, Cimarron is located in a thriving, up-and-coming area that promises future growth and development opportunities for any buyer. Please do not disturb the tenants.
The property being offered boasts strong in-place financials, highlighted by an attractive CAP rate of 5.33%. The diligent maintenance and upgrades carried out by the owners have consistently increased rents and enhanced the property's income. Their exceptional care and style in turning units as tenants moved out have demonstrated significant potential for further growth through similar strategies. Additionally, the costly and complex earthquake soft-story retrofit and the addition of four ADUs have further enhanced the property's appeal. A new owner can continue to capitalize on the utility bill-back potential as units are turned. Currently, 13 out of 20 units (65%) are on this program, which allows for a fair distribution of utility expenses among tenants based on usage. This beneficial strategy can help transfer utility costs to tenants, thereby increasing the NOI and cash flow over time. The property features a desirable unit mix, comprising eleven 1+1 units, four 2+2 units, one 2+1.5 unit, three 1+1 ADUs, and one Studio+1 ADU. This variety diversifies risk, appeals to a broader range of tenants, and enhances the property's long-term value, ensuring a more stable and profitable investment. Located at 1534 Shenandoah, the property is in the highly desirable Pico-Robertson neighborhood. It offers central access to the Westside, with proximity to major employment centers in Century City and Santa Monica, and is just a 1-mile drive from downtown Culver City, known for its vibrant entertainment and dining options. Ample parking is available, with space for up to 24 vehicles. The front of the property accommodates up to 16 vehicles, including eight tandem spots, while the side of the property provides room for seven more cars, comprising three tandem spaces and one single space. The property is situated in an affluent area with great demographics. The average household income within a 1-mile radius is $131,284, and within a 3-mile radius, it is $133,795. These strong financials, strategic utility management, desirable unit mix, prime location, ample parking, and favorable demographics make this property a highly attractive investment opportunity.
The property being offered boasts strong in-place financials, highlighted by an attractive CAP rate of 5.33%. The diligent maintenance and upgrades carried out by the owners have consistently increased rents and enhanced the property's income. Their exceptional care and style in turning units as tenants moved out have demonstrated significant potential for further growth through similar strategies. Additionally, the costly and complex earthquake soft-story retrofit and the addition of four ADUs have further enhanced the property's appeal. A new owner can continue to capitalize on the utility bill-back potential as units are turned. Currently, 13 out of 20 units (65%) are on this program, which allows for a fair distribution of utility expenses among tenants based on usage. This beneficial strategy can help transfer utility costs to tenants, thereby increasing the NOI and cash flow over time. The property features a desirable unit mix, comprising eleven 1+1 units, four 2+2 units, one 2+1.5 unit, three 1+1 ADUs, and one Studio+1 ADU. This variety diversifies risk, appeals to a broader range of tenants, and enhances the property's long-term value, ensuring a more stable and profitable investment. Located at 1534 Shenandoah, the property is in the highly desirable Pico-Robertson neighborhood. It offers central access to the Westside, with proximity to major employment centers in Century City and Santa Monica, and is just a 1-mile drive from downtown Culver City, known for its vibrant entertainment and dining options. Ample parking is available, with space for up to 24 vehicles. The front of the property accommodates up to 16 vehicles, including eight tandem spots, while the side of the property provides room for seven more cars, comprising three tandem spaces and one single space. The property is situated in an affluent area with great demographics. The average household income within a 1-mile radius is $131,284, and within a 3-mile radius, it is $133,795. These strong financials, strategic utility management, desirable unit mix, prime location, ample parking, and favorable demographics make this property a highly attractive investment opportunity.
5816 Willoughby Avenue, a 3-unit multifamily investment OR Development opportunity located in perhaps one of the strongest submarkets in Los Angeles, Hollywood, CA. The property is situated in one of the trendiest locations in Los Angeles, sitting just North of Melrose Ave, sandwiched between Vine Street and Gower Street. The property currently features 2,254 square feet of gross rentable area, situated on a 6,491-square foot lot. The 3-unit building is composed of 3 two-bedroom/one-bathroom units and offers gated parking for tenants. 5816 Willoughby Avenue offers tenants excellent proximity to some of Los Angeles' finest amenities such as the Sunset Strip, Wilshire Country Club, Melrose Avenue, Restaurants on La Brea, the world renowned shopping center, The Grove and others. Nearby grocers include Trader Joe's, Pavilions and Sprouts. Local dining options include Alfalfa, Osteria, Great White, Ramen Melrose, The Common Good, Stir Crazy and many more. Due to the property's premier location, 5816 Willoughby Avenue offers a unique opportunity to any investor looking to acquire a well-maintained asset or develop a completely new product in the heart of Central Hollywood* Opportunity: As Is build (2) Detached ADU's OR Redevelop into 8-Units OR Redevelop into 8-Units and add (2) ADU's *Buyer to Verify*
Discover this stunning triplex brimming with charm and character, perfectly situated in the heart of Hollywood on quiet Ridgewood Place and on the market for the first time in nearly 50 years. This incredible property offers an unparalleled location, making it an exceptional opportunity for both living and investment. The front duplex offers two beautifully designed units with architectural details and classic Hollywood charm. Both units in the front have two bedrooms and one bathroom, along with a large living space, built-ins, a cozy dining nook, and a beautiful front sunroom in the upstairs unit. The third unit is a charming bungalow behind the property with one bedroom, one bathroom and a small private yard. Live in one unit and rent out the others, providing a perfect balance of homeownership and rental income potential. Nestled near major Hollywood studios, the iconic Hollywood Forever Cemetery, Larchmont Village with dining options and shops, and with easy access to the 101 freeway, this triplex places you at the epicenter of Los Angeles living. Don't miss this rare opportunity to own a piece of Hollywood's rich history while enjoying the benefits of an ideal location and versatile living options. Whether you're looking for a home, an investment, or both, this triplex is the perfect choice. The property will be delivered with two vacant units, and one tenant occupied unit.
1951 W. Martin Luther King Jr Boulevard is an 8-unit apartment complex in the Leimert Park neighborhood of Los Angeles. The property offers a diverse unit mix of four (4) studio units and four (4) two-bedroom units spread across 4,762 rentable square feet. Seven of the eight units have been completely remodeled with brand new electrical, plumbing and mechanical systems. The units are also sub-metered for gas, electric, and water which results in an extremely low utility expense profile for a new owner. The asset offers strong cash flow day-1 and approximately 14% rental upside.
Amazing three unit property that currently provides substantial income or offers a redevelopment opportunity for a savvy investor. All units are occupied. Located on a large 8,700 sf lot with R4 zoning. The front building is a large three story home with bedrooms, kitchen, four bathrooms, and laundry in the basement. There are 2 studio units located above the 3 car garage in the rear of the property. Gated with plenty of available parking. Conveniently located in Koreatown close to restaurants, stores, and the new development underway at Olympic and Vermont, which is currently planned to include a Target and other residential and commercial???????????????????????????????????????? businesses.
We are pleased to present the opportunity to acquire 4307 S. Normandie Avenue, an 8-unit multifamily property located in the Vermont Square neighborhood of South Los Angeles. Built in 1924, this one-story building sits on a 6,447 square foot lot with 3,640 square feet of rentable space and consists of (8) 1bed/1Bath units. The property boasts an average rent of $1,287/unit and roughly 40% in rental upside to be captured in the future. All units have individual trash bins, all units are separately metered for gas and electricity and tenants' benefit from a gated entrance. The property is professionally managed and well maintained. Buyers are encouraged to verify accuracy of building records and data. Located north of West Vernon Avenue and east of South Western Avenue, the subject property is walking distance to multiple public transportation stops at the corner of South Normande Ave and West Vernon Avenue. Nearby destinations include the University of Southern California, LA Memorial Coliseum, BMO Stadium, Exposition Park, Lucas Museum of Narrative Art, Natural History Museum, and California Science Center. For commuters, the 10 and 110 Freeways are minutes away, providing access throughout Greater Los Angeles.
Prime location duplex with almost matching upper and lower units with total living space of 1,512 sq ft per the assessor. Each unit is 2 bedrooms, 1 bath each unit has tiles flooring in hallways and hard laminated hardwood in the bedrooms . The lot size is 5,201 sq ft per the assessor. There is a small paved front yard. Unique to this property is a one-way alley with metal gate to the cement back yard. Four cars fit very comfortably. There is plenty parking space for more than 6 cars, depending on the size, in the back yard. * Separate gas and electric meters plus each unit has its own water heater. Property is located very close to freeways and public transportation.
We are pleased to offer this eight unit investment opportunity, located in the City of Los Angeles. The unit mix consists of seven 1+1 and one 2+2 units. The investment consists of approximately 5,481 of rentable square feet and is situated on an approximately 6,694 square foot parcel. Recent new exterior paint, new exterior lighting, new exterior building and unit numbers, and three of the units have recently been renovated. The building amenities include a large parking area with seven total spaces, a two- car garage, and the property is separately metered for gas and electricity. The property is subject to City of Los Angeles Rent Stabilization Ordinance and the property is in compliance with the Los Angeles Soft-Story Retrofit Program.
Spectacular Duplex located in beautiful Elysian Heights. Fantastic owner/user property that will be delivered 100% vacant. A spacious front unit that has 2 bedrooms, 3/4 bathroom & 1/2 bathroom/ laundry room. Open floor plan living/dining area, Kitchen with dishwasher, stove, and refrigerator. Large bathroom with walk-in shower. Great views from the living room, bedroom, and balcony. The back unit features 3 bedrooms, 1 1/2 bathrooms. The primary bathroom features a jetted tub and skylight. Updated flooring in the entry, a dining/living area, vaulted ceilings with a new ceiling fan, and a spacious kitchen with plenty of storage. The large outdoor private deck is great for entertaining, BBQ, and indoor/outdoor living. The property features two large bonus rooms perfect for an artist studio, gym, dark room, or private office. Large storage areas & 2 large 1-car garages, a leased solar system for both units, and a huge driveway for 8 vehicles. Floorplan attached - look in documents.
Unlock the potential of this prime property, which comes with paid plans and permits, including the letter of RTI for a complete renovation. The property is designed to be transformed into two spacious residences, each featuring 4 bedrooms and over 1,500 square feet of living space. This investment offers a remarkable cap rate of 11%, with the potential for annual revenue of $103,000 while maintaining minimal expenses. Whether you're an experienced investor or looking to enter the real estate market, this opportunity is not to be missed. Don’t miss your chance to make this property your next successful venture!
This is a 4-unit building, totally remodeled. 3 units will be delivered vacant at the COE. Please make an appointment with the listing agent to see this building. Each unit is 1407 Square feet, Living room, formal dining room with a balcony off the dining room. Kitchen, breakfast nook, and service porch with washer dryer hookups. 2 extra large bedrooms, and a remodeled bathroom with tub and shower. Investors come and see. Owner-occupants, live in one, and have the other 3 units help to pay your mortgage.
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.