UNIT MIX: 1Bed 1Bath x 15. Studio 1Bath X 9. Actual current monthly income: $33,700. Annual $404,400. What a location! Yes, they say location matters and it really does. Within feet reaching location of ever-so-famous Chapman Plaza, City Center and the rest of the "Koreatown Sixth Street Corridor" First time on the market in 15 years! Huge upside potential for income! All tenants are current on their rental payments. Subterranean gated parking of 24 cars all side x side all separately metered. R4 Zoning of approximately 10,000 SF lot on Tier 3 TOC with number of new developments/projects within close proximity to the subject property. 100% RC, NON-HPOZ. New roof is being installed, majority of electricals and plumbing were upgraded in the recent past years per Seller. Drive-by ONLY! See Private Remarks.
6-unit apartment building located within the USC Patrol Zone. The property is located 2.5 blocks west of the USC Campus and currently has two vacant 1 bedroom bungalow-style units. With an ideal unit mix of four 1 bedroom 1 bath, one 3 bedroom 1 bath, and one 3 bedroom 2 bath units, the asset presents an opportunity for an investor to convert the tenancy to student housing. 2.5 blocks away from this property, the $1 Billion dollar Lucas Museum's structure is taking shape. The 5-story museum includes 300,000 SF of exhibition space, which will house the 100,000-piece collection of George Lucas' paintings, sculpture, photographs and other forms of art related to film. Next to the Lucas Museum stands the L.A. Coliseum, site of the 2028 Olympic Games.
Welcome to 936 E 91st Street, an ideal duplex for generating rental income in Los Angeles! This property features two separate units situated on a 5,801SqFt lot. The first unit includes 2 bedrooms and 1 bathroom, while the second unit offers 1 bedroom and 1 bathroom. The entire property is fenced, providing added security, with designated parking spaces for each unit. Both units are equipped with recessed lighting and ample natural light. Upon entering the unit on the right, you'll find a spacious living room, a kitchen, and two bedrooms, each with ceiling fans. The bathroom in this unit features a shower-in tub. The second unit includes a family room, a bedroom, and a bathroom also featuring a shower-in tub. Don't miss out on this excellent opportunity to own a rental property!
Desirable side-by-side Spanish duplex with one vacant unit now available in the Melrose neighborhood of LA on the border of West Hollywood. Great unit mix with both units boasting 2bd/1ba. Detached garage and private, hedged front yard and entry. Both units feature large living rooms with quintessential Spanish barrel ceilings, natural oak floors and beautiful fireplaces. Spacious eat-in kitchens along with comfortable bedrooms. Each unit features its own laundry with in-unit laundry in 951 and separate laundry in garage for 953. Recent upgrades to the property include an electrical panel upgrade, newer water heaters and a newer roof on the main structure. Ideal location for owner occupant or tenant alike. Close to Melrose, Santa Monica Blvd and La Brea as well as quick access to West Hollywood, Beverly Hills and Hollywood.
We are pleased to present an incredibly unique investment opportunity in LA's vibrant Westside. 1242 McClellan Drive (legal address 1248 McClellan Drive) consists of 17 striking units ideally located just a block away from the famed enclave of Brentwood. Having been built in 1987, it is NOT subject to the City of Los Angeles' Rent Stabilization Ordinance (AB 1482 applies). The property consists of one building with three floors of residential units over one level of gated subterranean parking (exempt from seismic soft story retrofit). The ideal unit mix consists of eight 2-bedroom, 2-bathroom units and nine 1-bedroom,1-bathroom units. Interiors have been finished with beautiful pergo or carpet flooring, modern cabinetry, and upgraded kitchens and bathrooms with quartz or granite countertops. The building offers its residents a lushly landscaped facade, an intercom entry system, balconies, an on-site laundry room (machines owned by the Seller), and ample gated parking (32 total spaces). Unit features include a fireplace (most units), central HV/AC, large bedrooms, walk-in closets, and dynamite floor plans flooded with natural light. Select upper units have high vaulted ceilings. This property is only a block from the prestigious community of Brentwood, just one block south of Wilshire Boulevard. In close proximity to some of the best high-end dining, retail, and nightlife, this rare offering presents an astute investor with the unique opportunity to acquire a prestigious turnkey asset in one of the best rental locations in all of Los Angeles.
We are pleased to present a ten (10) unit apartment building located at 832 N Edinburgh Avenue in Los Angeles, California. The subject property is located in a prime Melrose location, north of Melrose Avenue and west of N Fairfax Avenue. Built in 1925, this property contains a solid unit mix of six (6) studio / one-bathroom units and four (4) one-bedroom / one-bathroom units. This asset features four (4) covered garage parking spaces that can potentially be converted into up to eight (8) ADU unit(s) under SB 1211 (recently engrossed on June 12th). Tenants will love living in a quiet residential corridor within only a couple miles from the Sunset Strip, numerous fashion and art stores along Melrose Avenue and Fairfax Avenue, The Comedy Store, Melrose Trading Post, Laurel Hardware, Ysabel, and Blue Bottle Coffee. The neighborhood of Melrose attracts many young professionals given the film, fashion, and art industry presence in this location. Melrose is also in the eighth rated submarket for market asking rents and the sixth rated submarket for twelve (12) month unit absorption. Situated in a prime Melrose location, this offering presents an excellent opportunity for any investor to capitalize on a property with tremendous upside potential and the potential to convert the garages into multiple ADU unit(s).
Discover a rare investment opportunity in the heart of Koreatown, Los Angeles with this 4-unit property. Situated in a vibrant location with close proximity to key amenities, attractions, schools, and transportation, this versatile property offers a mix of units to suit various living arrangements. The main home features 3 bedrooms, with the den cleverly converted into a 4th bedroom, while two additional units provide 1 bedroom and 1 bath each. A studio in the rear adds flexibility to the investment potential. With ample parking and strategic location, this property is ideal for both investors seeking consistent income and residents looking for a central, culturally rich living experience.
This is an excellent investment property. It is centrally located to the beach, So-Fi Stadium, Downtown Los Angeles, the freeway, parks, restaurants, and shopping. This is a rare find: a duplex each with three bedrooms, central heating, and air at an affordable price. Submit all offers on a RIPA subject to inspection. DO NOT DISTURB THE TENANTS, AND DO NOT WALK THE PREMISES.
Single level duplex with 2 car detached garage close to LAX, Sofi Stadium, Westchester Park & Golf Driving Range, LMU, as well as to shopping centers along Sepulveda Blvd and Howard Hughes Shopping Center. Both units are 2 bedroom - 1 bath. Great starter property for the first time buyer or add value by adding ADU or 2nd story. This property has easy access to Marina del Rey, Playa Vista, El Segundo, and 405 Fwy. Seller is open to negotiating with buyer and tenants to vacate at least 1 of the units (potentially both). ***OFFER DEADLINE 3PM TUESDAY 7/9/24*** BUYER'S THAT SUBMIT OFFERS WILL BE INVITED TO AN OPENING OF THE UNITS WITH A SELLER SPONSORED GENERAL AND SEWER INSPECTION PROVIDED TO BUYERS TO COME BACK BEST AND FINAL ****
*DO NOT DISTURB TENANTS. We are pleased to offer for sale a four-unit apartment community located at 11116 South Figueroa Street. The subject property is located on Figueroa Street just north of the 105 Freeway. The building is located in South LA right next to the Westmont submarket. This location offers easy access to the best of South LA, including Sofi Stadium, Intuit Dome, USC/ North University Park, the LA Coliseum & more. Being in close proximity to major transit corridors, tenants can conveniently access employment centers, retail & entertainment throughout the city. Situated on two contiguous lots across a 5,974 square foot parcel, the property is comprised entirely of three-bedroom units. The property was constructed in 2001, so it is not subject to City of Los Angeles rent control, only subject to AB 1482 State Rent Control. Two units will be delivered vacant allowing new ownership to immediately renovate in order to achieve market rental rates. 11116 S Figueroa presents investors with a unique opportunity to acquire an asset in a South Los Angeles that is a short distance to the most attractive thoroughfare in the submarket, which will support continued rental growth & gentrification for a new investor who is looking to capitalize on the value-add potential this asset offers.
Welcome to 1470 W Adams Blvd, presenting an exceptional investment opportunity just 0.6 miles from the USC campus. This expansive property boasts a 12-bedroom, 4,313 sqft house on a generous 12,765 sq ft lot, with LAC2 zoning and Tier 3 TOC designation, potentially allowing for up to 31 units. This property is located within the Adams-Normandie HPOZ and offers historic charm alongside promising development potential. The spacious lot size opens up exciting possibilities, including the potential to renovate the existing house into multiple units by utilizing the rear yard for additional housing. Its strategic location, close to new multifamily developments, the Ralphs retail center, Metro Expo Line, and Exposition Park attractions, underscores its immense investment potential. This property also qualifies for several advantageous programs and designations, including the Mills Act Program, Federal Rehabilitation Tax Credit, Adaptive Reuse Ordinance, and compliance with the California Historical Building Code, further enhancing its value and potential. Moreover, it's worth noting that the current owner has successfully operated a family business on this property for three generations, generating significant income and contributing to its historical legacy. Situated just 10 minutes from Downtown LA and with convenient access to the 10 Freeway, this property offers a unique investment prospect. Notably, it has been a part of the family for four generations, which adds to its historical significance and appeal in today's market. You can use the opportunity to explore this diamond in the rough by scheduling a showing today. Properties like 1470 W Adams Blvd are rare, offering numerous possibilities for lucrative investments. Additionally, 1472 W Adams Blvd features a small office in the right corner of the lot, further enhancing its potential. Don't miss out on this incredible opportunity!"
We are happy to present a fabulous classic Beverly Grove 2 Story Triplex nestled on a quiet street parallel to Wilshire and just west of Fairfax. The building was built in 1935, the lot is 6,377 square feet, and it is zoned LAR3. The property has been in the family since 1952. All the units are individually metered for gas, electricity, and water keeping the operating expenses low for the incoming owner. Property has central air and heat. There is a detached 4 car garage and two car uncovered parking for a total of 6 parking spots. Each unit is allocated 2 parking spots. The property features vaulted ceilings, a tiled Kelly kitchen complemented with stainless steel appliances, and granite splashes in the kitchen and bathrooms. The red oak hardwood floors inlaid with mahogany sets this place apart and gives it a unique, classy touch. All three apartments are 2 story townhouse style units. 6138 is the front unit and has 2 bedroom and two bathrooms. 6140 is the middle unit and has 3 bedrooms and 2 bathrooms. 614- 1/2 is the rear unit and has 2 bedrooms and 2.5 bathrooms. The seller is selling the property on an installment sale only. He is not looking for a cash buyer or a conventionally financed transaction. He will carry the 1st trust deed amortized for 30 years. Terms to be negotiated. Please contact agent for more info. With this location you can easily access everything that brings someone to LA. With a hip vibe, the area draws residents who want to experience LA to the max. Spend the day shopping at the Beverly Center, Beverly Hills, Century City, The Grove, or Melrose Avenue. If you love the arts, you can visit the LACMA or other local museums. This location is the prime of Los Angeles and offers everything you will need for comfortable living and entertainment. Fully rented Property subject to Los Angeles Rent Control. Inside with accepted offer. Units delivered with existing tenants. Seller has made many upgrades to the mechanical systems over the years. Please do not walk on property.
Presenting this mixed-use investment opportunity in the heart of Lincoln Heights. The property consists of six (1 bedroom + 1 bath) units and one restaurant/bar. Income figures are still being gathered. Please contact the listing agent with any questions.
Welcome to 301 S Avenue 55, Los Angeles, CA 90042—a beautifully remodeled triplex in the heart of Highland Park. The front unit dazzles with modern updates and stylish finishes, offering a blend of contemporary living and classic charm. The property features a large driveway providing ample parking space and a 3-car garage with the potential for an ADU conversion. This is a rare opportunity to own a prime piece of real estate in a highly sought-after area. Perfect for investors, homeowners looking for rental income, or primary home this triplex promises both luxury and convenience. Don’t miss out on this exceptional property!
18 unit low rise garden style apartment building for sale with tremendous upside of 53% to peak proforma in one of the few remaining pockets in Los Angeles that hasn't seen big growth...yet. A short drive off the 101 and the Silver Lake Blvd exit is 343 S Occidental Blvd. The location is Silver Lake a few blocks to the north and Koreatown a few blocks to the east. 10 of the units are one bed one bath, 8 are studios. Rents were last raised February 2024. Current rents are $18,936/mo ($227,236/yr). Highest 1 bed unit is $1700/mo. Highest studio is $1500/mo. February 2025 rents at 4% increase gets to a 4.8 cap & 13.5 GRM. Proforma rents indicate $29,000/mo or ($348,000/yr) at 8.3 cap & 9.2 GRM. All units are occupied and rents are current. Laundry is on site. There are 13 parking spaces with the potential to add more.
18 unit low rise garden style apartment building for sale with tremendous upside of 53% to peak proforma in one of the few remaining pockets in Los Angeles that hasn't seen big growth...yet. A short drive off the 101 and the Silver Lake Blvd exit is 343 S Occidental Blvd. The location is Silver Lake a few blocks to the north and Koreatown a few blocks to the east. 10 of the units are one bed one bath, 8 are studios. Rents were last raised February 2024. Current rents are $18,936/mo ($227,236/yr). Highest 1 bed unit is $1700/mo. Highest studio is $1500/mo. February 2025 rents at 4% increase gets to a 4.8 cap & 13.5 GRM. Proforma rents indicate $29,000/mo or ($348,000/yr) at 8.3 cap & 9.2 GRM. All units are occupied and rents are current. Laundry is on site. There are 13 parking spaces with the potential to add more.
Opportunity knocks! Centrally located in one of LA's hottest neighborhoods, this charming 1940's Silver Lake duplex is close to Sunset Junction, Korea Town, Griffith Park, DTLA, the Reservoir, a farmers market, and much more. Both units have their own entrance, rich hardwood floors and combine for a total of 1,875 square feet of sun-lit living space. The upper unit has a stunning living room with large picture windows, 2 bedrooms, 1 bath, and a bonus room that makes a great office/flex space that opens to an enchanting garden area shaded by mature trees. The cozy lower unit has 1 bedroom, 1 bath and a private deck that is perfect for entertaining and unwinding beneath the stars. This quintessentially Silver Lake duplex includes a 2-car garage. This is a great investment property - live in one unit and rent the other, or rent both. With an abundance of charm, quick freeway access and surrounded by some of LA's best destinations and dining, this property is a rare find for the savvy buyer.
Presenting this mixed-use investment opportunity in the heart of Lincoln Heights. The property consists of six (1 bedroom + 1 bath) units and one restaurant/bar. Income figures are still being gathered. Please contact the listing agent with any questions.
Duplex perfect for large family or live in one and collect rent from the other. There is also a trailer on the property collecting $700 a month. Rear unit recently renovated the kitchen and installed flooring . Nestled in a neighborhood just a few miles away from the entertainment area of USC and Downtown Los Angeles. As you step inside, your greeted with laminate floors and a remodel kitchen. The rear of the unit has a covered laundry area. These features not only enhance the aesthetic appeal but also provide durability, energy efficiency, and noise reduction. There is a unpermitted trailer at the end of the driveway collecting $700 monthly. One or both of the units can be delivered vacant.
Duplex perfect for large family or live in one and collect rent from the other. There is also a trailer on the property collecting $700 a month. Rear unit recently renovated the kitchen and installed flooring . Nestled in a neighborhood just a few miles away from the entertainment area of USC and Downtown Los Angeles. As you step inside, your greeted with laminate floors and a remodel kitchen. The rear of the unit has a covered laundry area. These features not only enhance the aesthetic appeal but also provide durability, energy efficiency, and noise reduction. There is a unpermitted trailer at the end of the driveway collecting $700 monthly. One or both of the units can be delivered vacant.
Nestled in the coveted neighborhood of Cheviot Hills in Los Angeles, this charming apartment building presents an opportunity for both investors and residents seeking a blend of urban convenience and suburban tranquility. This desirable West Los Angeles neighborhood enjoys easy access to major thoroughfares, including the nearby I-10 and I-405 freeways, facilitating easy commuting throughout the city and beyond. Additionally, residents can take advantage of nearby Cheviot Hills shopping center which includes Vons, Starbucks and several trendy restaurants that are only a short walk from the property. PROPERTY DESCRIPTION The property has been meticulously maintained and 6 of the units have been renovated which includes new kitchens – granite counter tops, new cabinets, appliances, tile or vinyl plank flooring, new bathrooms and new windows. The property has also been replumbed with copper pipes. The property has a great unit mix of spacious one bedrooms and two bedrooms. Tenants also enjoy enclosed garages and on-site laundry facilities.
NEWLY LEASED!!! GREAT CAP RATE!!! Welcome to an exceptional multifamily building situated in the heart of East Hollywood, Los Angeles. This newly constructed property comprises three distinct units, offering a unique blend of spacious layouts and modern amenities. Two of the units boast an impressive 5-bedroom, 5-bathroom configuration, catering to both first-time homebuyers and astute investors. The third unit features a comfortable 3-bedroom, 2-bathroom layout, providing a versatile living space. Natural light floods the open-concept living and kitchen space, offering panoramic views of palm trees, the iconic Hollywood sign, and glimpses of the downtown skyline. The kitchen features a spacious island, perfect for hosting gatherings and adding an inviting touch to the space. This modern multifamily building is not only visually appealing but also equipped with top-of-the-line amenities. Each unit is furnished with brand-new appliances, in-unit laundry for added convenience, and contemporary bathroom lighting fixtures. Two assigned parking spots are included with each unit, ensuring hassle-free parking.The property's versatility makes it ideal for various lifestyles whether you're in search of a spacious family home, a comfortable space for co-living with roommates, or a lucrative investment opportunity to offset your mortgage by renting to friends and family. Beyond the walls of this splendid property, residents will enjoy a prime location with an outstanding walk score. Countless restaurants and shops are just steps away, ensuring effortless daily errands. Additionally, the vibrant nightlife, theaters, and entertainment options in the vicinity guarantee there's always something exciting to do.Don't miss out on this extraordinary opportunity. Whether you're looking for your dream residence or a promising investment, this multifamily building in East Hollywood has it all. Contact us today to schedule a viewing and seize this exceptional property in one of Los Angeles' most sought-after neighborhoods.
An Exceptional Investment Opportunity Near Sofi Stadium! This remarkable property presents an enticing trifecta: location, versatility, and potential. Situated just moments away from the iconic Sofi Stadium, it offers convenience and excitement for residents and investors alike. Step into the front house a spacious 3 bedrooms and 1 bathroom. Two single units sit atop the spacious 4-car garage. Each unit boasts its own charm and privacy. Beyond the living spaces lies an expansive lot a canvas for your vision. Picture lush gardens, outdoor entertaining areas, or even additional units (subject to local zoning regulations). The 4-car garage provides ample parking and storage, catering to practical needs. The potential is boundless with this property. Not only is Sofi Stadium within reach, but you're also close to vibrant shops, delectable restaurants, and community amenities. Commuters will appreciate easy access to major highways and public transportation. Don't miss out on this golden opportunity. Whether you're building your investment portfolio or seeking a multifaceted living arrangement, this property promises value, convenience, and a bright future.
Welcome to 2315 Carmona Avenue, an impeccably designed 4-unit apartment complex offering premier multi-tenant living and unmatched convenience to the best of Los Angeles. With 2 units on each floor, this exceptional investment opportunity maximizes space and ensures optimal privacy. Two of the units feature 3 bedrooms and 2 baths each, providing ample accommodation for families or groups. The remaining units offer 2 bedrooms and 2 baths, and 2 bedrooms with 1 bath respectively, catering to diverse tenant needs. Each unit is equipped with assigned covered parking and additional on-site parking. Centrally located right off of the 10 freeway, this complex offers easy access to Culver City and beyond, making it highly attractive to a wide pool of tenants. With its strategic location and well-designed units, this property is poised to deliver strong and consistent returns on investment. Don't miss out on the chance to secure a prime asset in a thriving area.
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.