Pride of ownership four-unit building on Motor Avenue in the heart of Palms. Three stand-alone homes, each with their own water heaters, mini split air conditioning and heating units, and washer/dryer hook-ups and a fourth unit over the rear garages. The updated front house has two bedrooms and one bath and the unit over the garages also has two bedrooms and one bath. The other two units each have one bedroom and one bathroom and one of the units was recently renovated. Four garage spaces off the rear alley plus a store room that is used by the owner. Each unit is separately metered for gas and electricity and the owner pays for water and gardener. The lot is 7,500 square feet (50' X 150') to a 20' alley and the zoning is MU-EC (Mixed Use Exposition Corridor), which may allow for significant development opportunities. Buyers are encouraged to check with the city of LA for more information on allowed uses, allowed maximum height, and density bonuses. The property has a Tier 3 TOC designation.
Welcome to 1718 S New England, a renovated fourplex boasting good cash flow, situated in the Pico-Union neighborhood. This property offers the flexibility of arriving fully leased at market rates. This property sits on a spacious LARD1.5 lot spanning 7,937 square feet. Its prime location near USC, Downtown LA, Koreatown, and Echo Park ensures a diverse pool of prospective tenants. The unit configuration comprises two (2) 2 bedroom, 1 bathroom units (currently leased at $2,300 & $2,000, respectively), along with two (2) 1-bedroom, 1-bathroom units (currently rented at $1,350 & 1,300). These units boast numerous updates, such as new stainless steel appliances, laminate flooring, granite countertops, recessed lighting, tankless water heaters, double-paned windows, and recently installed electric panels for units 1722 and 1722 1/2.
No Rent Control! Situated in the Los Angeles unincorporated area. Seller Motivated! This triplex offers three units, each featuring 3 bedrooms, 2 bathrooms, and an attached 2-car garage. With a spacious layout and modern amenities, this property is perfect for seasoned investors. Built in 2000, boasts a contemporary design and functionality. It sits on a generous lot size of 6,831 square feet, providing ample outdoor space for residents. With a potential monthly rental income of up to $12,000, this property presents a lucrative investment opportunity. Whether you're seeking supplementary rental income or an investor looking for a high-yield property, this triplex fits the bill. Buyers are encouraged to conduct their due diligence, as the property is sold in its As-Is condition. Situated in the Los Angeles incorporated area, this property offers stability and growth potential without the constraints of rent control. It is for YOU, so don't wait!
Back on market! SFR with high income, fully occupied with USC students with parental guarantees on leases, and currently collecting gross rents of $10,670/month, cap rate around 6.2%. Highly demanding in the desirable USC DPS Safety Patrol Zone, and just blocks to USC (the University of Southern California) and USC Village...easy access to all USC's landmarks, academic buildings, and entertainment options. Zoning LAR 3, Big back yard, Huge potential on redevelopment and/or expansion to more units and ADU. New school year 2024 - 2025 leases signed by USC students already! This property has many unique characters, huge enclosed front porch with security door, very solid structures and building materials, and has been so well maintained which you will see from details ! This is Newly upgraded / renovated - featuring brand new laminated floors, new bath rooms with New Tubs, Vanities, Toilets, Mirrors, Fixture and Fitting and Tiled Bath Surrounded, Updated kitchen with lots of cabinets, pantry and counter tops. The property is approximately 2760 s.f., 6618 s.f. lot, 8 bed 8.5 bath ( title shows 5 bed 2 bath ), most are master bed rooms, living room, kitchen, and on-site laundry. This property has the grand wooden staircase, big frames, and more characters...has charming turn of the century details that you will adore. The 3rd floor leads you to another large space, which can be used as game room, additional living space, office, playroom, personal gym. There is also a basement which has big space for storage. As a bonus, this Property has a detached garage with a bathroom, and a storage room in the back.
Million Dollar DTLA Skyline Views! Situated one exit away from DTLA off the 101 freeway in the heart of Boyle Heights and in one of its most view-friendly streets just outside of Downtown LA. This property stands as a testament to the neighborhood's rich history and promising future. Escape run of the mill and rushed back to market properties as this one has not been on the market for over 21 years. Sewer upgrade done 9 years ago. The 4 bedroom is also for lease at $4100/monthly. Lease or buy whichever occurs first. The 3 bedroom occupied by long term tenants. Immerse yourself in a living masterpiece where historic architectural features harmonize seamlessly with contemporary conveniences. The 4 bedroom side of duplex professionally updated, remodeled and reimagined with the services of both an architect (kitchen and garage) and also a designer (colors, wallpaper and all else) were engaged to offer a unique blend of old-world charm and modern sophistication. As you enter the front door, be greeted by the warm glow of new lighting fixtures perfectly complementing the timeless design of the home. Experience the allure of refurbished hardwood floors meticulously restored in the stairs, living and dining room areas leading you through rooms framed by wood moldings that have been painstakingly scraped, restored, and re-varnished to breathe life back into their exquisite craftsmanship echoing the elegance of a bygone era. Discover the luxury of a double oven, a true rarity, alongside a microwave, a slick vent hood, and electric range cooktop and designer grade tiles with custom made cabinets and quartz countertop. Benefit with peace of mine from the City of L.A. Building and Safety's recent closed (not just pulled) Year 2023: adding 2 downstairs baths(1 each unit), update kitchen electricals, installing 2 new water heaters, range hood. Year 2021: permit for extra electric meter for common areas. The shared basement access houses a washer/dryer, fostering a sense of community with the next-door neighbor. Say goodbye to parking issues with the private garages included with this residence. Make this your next residence and enjoy the captivating views of the Downtown skyline and say goodbye to long commutes as you choose to be closer to all Downtown has to offer. Come take a look but leave your shoes at the front and experience the beauty of the downstairs refurbished hardwood. Interior pics of 1329 Penn. only (4 bed unit).
This is an amazing opportunity to own this income machine. Mixed use property that includes both commercial and residential units. There are 3 store front commercial units and 2 residential units. One of the residential units is a huge one that takes up the entire upstairs and it is a 2 bedroom 2 bath with an extra loft that can be used as a 3rd bedroom with a large outside patio. The other one is a one bedroom one bath which is downstairs. The property will be delivered vacant with the exception of the small downstairs unit. It has a tenant who pays 1700 per month and is a great tenant who always pays on time. The 3 storefronts can easily be converted into residential apartment units if desired. The property sits on a corner lot and is very centrally located.
We are pleased to present 800 N Hobart Blvd, Los Angeles, CA 90029. Duplex on over 7,280 SF lot in the heart of Melrose Hill. Huge value-add opportunity 13% upside in rents. Upside redevelopment potential TOC (Transit Oriented Communities) Tier 2 location that allows increased residential density (RD1.5-1XL zoning). Newly updated interior. 2.94 kW roof mounted photovoltaic solar system on both the main house and back unit which efficiently reduces electricity bills. Sub-metered. Walk Score of 90 (Walkers Paradise). Excellent location near the major transit stops, highways (US-101 & SR-2) and shopping centers. Just two miles west of Hollywood, and five miles east of Downtown L.A. The subject property consists of total two (2) units totaling 2,142 SF on a sizable 7,281 SF lot. Mix of total one (1) 3beds/2baths unit and one (1) 1bed/1bath unit. The duplex property to be sold "as-is" with the tenants remaining in possession. DO NOT DISTURB TENANTS. Please submit an offer with POF. Shown upon accepted offer. Buyer is encouraged to independently verify the accuracy of any information through inspection(s), due diligence, and professionals. Broker and Agent do not guarantee the accuracy of any information concerning the size, condition, financials, or features of said property. Buyer to conduct their own due diligence and investigation of the property. Buyer and Buyer's agent to verify all information regarding the property to their full and complete satisfaction.
Discover the epitome of urban living in the heart of Los Angeles! Nestled within the vibrant subdivision of Vermont Square, this stunning duplex offers the perfect blend of modern convenience and neighborhood charm. This impeccably maintained duplex is hitting the market for the first time in 50 years, presenting an extraordinary chance to own a piece of history in one of LA's most vibrant neighborhoods. Embrace the bustling energy of Vermont Square, with its eclectic mix of trendy cafes, boutiques, and cultural attractions just moments from your doorstep. Enjoy easy access to downtown LA, USC, and major freeways, making commuting a breeze.Whether you're an investor seeking prime real estate or a homeowner looking for the ultimate urban retreat, this duplex in Vermont Square is your ticket to the quintessential LA lifestyle. Don't miss out on this rare opportunity and experience the allure of city living at its finest!
2nd Price reducetion. Also see remark on the property 6416 La Mirada Avenue. COE must be concurrent with the 6416 La Mirada Avenue.
**Short Sale Opportunity! All Offers are Due by Friday, July 8th!** Discover a lucrative Hollywood property with exceptional potential. Spanning 8,294 square feet, this property features a captivating front house and two spacious rear units, offering a total of 10 bedrooms and 4 modern bathrooms. The main residence boasts a spacious layout with a meticulously designed kitchen. Additionally, the rear units each offer 1-bedroom layouts with stylish bathrooms, fully appointed kitchens, and separate washer and dryer hook-ups. Parking is abundant with 4 covered carport spaces and additional driveway room. Strategically located near major movie studios, premier shopping destinations, and dining establishments, this property promises both investment and owner-user potential. Cosmetic improvements are needed but offer great added value. Don't miss out on this exceptional short-sale opportunity!
Price Reduced $50,000! We are pleased to offer the opportunity to acquire this four (4) unit multifamily investment opportunity located at 940 W. 76th St. This charming building is located in a rapidly gentrifying area, and was constructed of wood frame and stucco on a raised foundation built in 1921 with a square footage of 2,193 on a 5,872-square foot lot. The building has been reinforced and upgraded in compliance with the latest city codes and regulations, and is comprised of a unit mix, consisting of four (4) 1-bedroom+ 1-bathroom units, as well as four (4) on-site garage parking spaces, and is individually metered for gas and electricity. The subject property is 100% occupied, and all tenants are current with rental payments. Ideally situated within close proximity to the 110 freeway, this apartment building offers convenient access to DTLA, USC, LA Coliseum, and Sofi Stadium.
VERY COMPETITIVE PRICE IMPROVEMENT!! ATTENTION AGENTS & developers - Seller is motivated and ready to entertain your offer!! Incredible and rare opportunity to acquire income property in a highly sought-after neighborhood. Cypress Park, named one of LA's hottest real estate neighborhoods by The LA Times and LA Weekly. Every unit within this five-unit property has its unique style and character. The front 2-bedroom, 1-bath home is spacious, quaint, and offers a sense of privacy. Surrounded by manicured gardens and separate fencing, it creates a tranquil and independent residence. The remaining four units consist of two separate duplexes, all featuring one-bedroom, one-bath units. Every unit is comfortable and comes with its own front porch and rear access. Step outside to find cozy sitting areas and shady trees with paths that lead you around the property. All units are well-maintained, providing residents with a clean and functional living experience. Each unit is also individually metered for gas and electricity, ensuring efficiency in operating costs. The generously sized lot of 10,401 sq ft offers countless possibilities for developers or investors focused on long-term returns. The backyard includes a detached outbuilding that could be converted into additional living space, presenting great potential to increase the property's value (Buyer to verify with the City of LABS for feasibility). These units are located in a high-demand rental area and have significant upside rent potential. Beyond the property, residents can explore the thriving neighborhood with great shops like Golden Poppy Market, Loquat Coffee, or tasty originals like the first-ever King Taco! Nearby is Rio de Los Angeles State Park with easy access to the LA River Bike Path. Whether you're an artist, a food enthusiast, or someone who appreciates a lively community, this property invites you to experience the best of it all. Located close to public transportation, Downtown Los Angeles, and Dodger Stadium. Come envision the untapped potential of this remarkable investment property!
2nd price reduction.The Spanish buildings, situated in the heart of Hollywood, surrounded with many new high rises and CNN iconic building. The property is adjacent to the 6410 La Mirada with separate APN number and must be sold and close concurrently. The opportunities are endless. From ADUs to new constructions with high densities or simply hold as an investment portfolio. These properties carrying good mix units; the 6410 is consist of 3+2, 2+1, 1+1, 1+1 (offering at $1.6 Mil, with second price was reduction) and the 6416 is consist of 2+2 1/2, 1+1, 1+1. 1+1, 1+1. All units are occupied except 3+2 unit. Leases are M to M. 60% upside in rent. Separate meters for Gas and electricity; each unit has its own water heater. some units have washer/dyers or just a hook-up. One of the seller is DRE licensees. Buyer must cooperate with seller's 1031 exchange at no coast to buyer. Measurements are estimated, buyers to investigate and verify the measurements, potential future developments, city ordinance, permits requirements and relay on his/hers own source for the accuracies thereto. some seismic work was done on one of the building. Broker, agent and sellers will not be responsible for any discrepancies. Do not disturb the tenants, they are not aware of the sales. Showing by appointment only and upon acceptance of an offer. The properties being sold in AS IS condition with NO SELLERS' WARRANTY and/or repairs. Sellers will select the service.
*** 3rd price reduction - $650,000 from originally listed price *** Welcome to Las Orquideas, a historic Andalusian garden village built in 1929 by Wilfred Buckland, and immaculately restored by Howell & Padgett in 2019, whose previous works include the iconic Torre del Moro condos in Beachwood Canyon. Las Orquideas perfectly retains that signature glamour of Hollywood's Golden Age while offering modern and luxurious amenities of a new construction property. Perched in the foothills of the Hollywood Hills, this compound has five villa-like structures consisting of nine units and a flex space. This whimsical complex was designed in the early days of Hollywood's Golden Era by Wilfred Buckland, Cecil B. DeMille's frequent art director. Buckland, the original owner, developed the property as a replica of a Spanish hill town with ascending walkways, connecting gardens, and intimate plazas. An abundance of lush mature landscaping lines the stone walkways. Each villa-like structure is covered in coral-colored stucco and features original architectural period details such as interior arches, beamed ceilings, fireplaces, wood floors, and stained glass. Lofty ceiling heights and oversized windows bring in much natural light. A remodel of each unit was completed several years ago with strict attention to retaining each unit's strict authentic integrity and character. Modern updates include custom cabinetry, stainless steel appliances, and an in-unit washer and dryer. Several units feature private patios or balconies overlooking Hollywood Blvd. and the city. Las Orquideas is a Mills Act property with a financial incentive for historic preservation, offering property tax savings for owners who invest in rehabilitating historic buildings. Las Orquideas is part of the Golden Era Collection, four impeccably restored multifamily complexes in Los Angeles.
*** 3rd Price Reduction - $850,000 from the original listed price *** The Highland Estates is a one-of-a-kind Zen-like gated community featuring (3) Craftsman and Victorian duplex bungalows, consisting of 6 units, all nestled in the foothills of the Hollywood Hills yet offering the convenience of a central Hollywood location. Built between 1912 and 1915, this classic bungalow community is an early Hollywood living at its best. Each Craftsman and Victorian bungalow exudes outstanding Golden Era architecture and resides among a lush garden community courtyard with a large deck, sauna, and cold shower. Patios are nestled among tropical flora and fauna. The 16,874 SF expansive resort-like lot features private and perfectly manicured gardens, lush foliage, and tall mature trees. Each bright and spacious unit with cathedral-style windows features hardwood floors, elaborate moldings, exposed beams, ornate ceilings, and a fireplace. A remodel of each unit was completed several years ago with strict attention to retaining the authentic integrity and character of each bungalow. Modern updates include central air, heating, washer and dryer, and new kitchen appliances. The Highland Estates are nestled at the base of the Hollywood Hills, north of Hollywood Blvd. and Highland Ave. The property's strategic location offers compelling fundamentals, abundant entertainment and dining amenities, and convenient access to major Hollywood employers. The Highland Estates offer the best of both worlds - an eclectic and vintage living experience that transports residents out of LA while being close to the hustle and bustle of city life. 1908 Hillcrest is a part of the Golden Era Collection, four impeccably restored multifamily complexes in prime Los Angeles locations.
Curson Apartments is a twenty-unit apartment community built in 1928. The two-property is comprised of sixteen (16) studio units and four (4) one-bedroom units. Units are in turn-key condition with 19 of the 20 units recently renovated featuring stainless steel appliances, quartz countertops, stainless chrome designer fixtures and hardware, new modern cabinetry and wood inspired flooring. Building amenities include gated and secured access points, an on-site laundry facility and a fully landscaped communal backyard. Just one block away from the border of West Hollywood and minutes away from Sunset Strip, Curson Apartments is near world-class shopping, dining and entertainment destinations. Hollywood has become the home for the blossoming tech and media industries and solidified itself as one of Southern California's top employment centers. Centrally located, Curson Apartments benefit from an outstanding transit-oriented location, as the Property is located proximate to the Metro Red Line Hollywood & Highland Station (1.0 mile away) and the 101 Freeway (2.5 miles away).
Introducing this 18-unit multifamily investment comprised of an excellent mix of fourteen (2 bd + 1 ba) and four (1 bd + 1 ba) units. 1684 Murchison St is located walking distance to Keck Medical Center of USC, USC Health Sciences Campus and LAC+USC Medical Center. California State University, Los Angeles is also a short 5-minute drive away. Its central location and close proximity to the 10, 5 and 101 Freeways provide tenants access to various entertainment and work hubs in Downtown Los Angeles. All units are separately metered for gas and electricity. Soft story retrofit and new roof installation were completed in 2022.
BACK ON THE MARKET. Location, location, location! Property on the market for the first time in over 40 years! Everything is in perfect condition. East Hollywood location. Zoned R3. Triplex on corner lot. Close to Korea Town and Mid Wilshire area. Front house has 4 bedrooms and 2 baths. 2 units have 3 bedrooms and 1 bath each. Front unit will be delivered vacant. One of rear units will be delivered vacant.
Double Delight Investment Opportunity! Two Homes on One Lot!** **Front House:** 2 bed, 1 bath. **Back House:** 2 bed, 1 bath. **Convenient Location:** freeway, shopping, dining nearby. **Versatile Possibilities Await!** Low maintenance and plenty of upside. Additionally, triplex property for sale next door at 444 West Gage Avenue. Sellers are looking for Cash Offers only.
Double Delight Investment Opportunity! Two Homes on One Lot!** **Front House Duplex 2 units:** 2 bed, 1 bath and 1 bed, 1 bath. **Back House:** 2 bed, 1 bath. **Convenient Location:** **Versatile Possibilities Await!** Low maintenance and plenty of upside. Additionally, duplex property for sale next door at 440 West Gage Avenue. Sellers are looking for Cash Offers only.
Lucrative four-unit property with market rents, this charming combination of Spanish-style duplex and modern duplex behind the gates will impress. The front units have been completely renovated, while the remaining units are newly constructed, all boasting excellent condition and market-value rents. Parking is plentiful, offering a combination of garages, carports, and open parking spaces to accommodate tenants comfortably. Comprising (2) 2-bedroom, 2-bathroom units, (1) 4-bedroom, 2-bathroom unit, and (1) 3-bedroom, 2-bathroom unit, each residence features open layouts with spacious kitchens and islands, perfect for modern living. Centrally located near public transportation and local freeways, this property is within minutes of USC University, the New Banc of California Stadium, Crypto.com Arena, and vibrant DTLA. Whether you're a seasoned investor or new to the market, this is an exceptional opportunity not to be missed. Reach out today for more details and secure your investment in this highly sought-after property!
New Price! Amazing 10 Unit Income Property Opportunity! 5.7% In-Place Cap in Prime Hollywood Location! 10 Units for $2,095,000! We are pleased to exclusively offer for sale 1140-42 N. Beachwood Drive, a 10 unit apartment building located in the heart of Hollywood's bustling studio district. Offered well below replacement cost at $209,500 per unit, 1140-42 N. Beachwood Drive offers a new owner a going in 5.7% cap and a 12.3 GRM upon remodeling and re-leasing of the unit that will be delivered vacant. Situated on a 6,752 SF lot zoned R3, the property features a detached parking structure that could potentially be converted to ADU units (Buyer to verify number of ADUs possible). Some units have bee upgraded with new floors and appliances, 30% income upside potential still remains even after the vacant unit is remodeled and re-leased at market rent. Amazing opportunity to acquire 10 apartment units in the middle of the action! 7.9% Proforma Cap! Don't miss this amazing opportunity to acquire 10 units in the heart of Hollywood's Studio District, surrounded by new jobs and high end for sale residential! Brand new construction townhouse units across the street - 1153 Beachwood Drive - each unit renting for $6,750 each!
Lucrative four-unit property with market rents, this charming combination of Spanish-style duplex and modern duplex behind the gates will impress. The front units have been completely renovated, while the remaining units are newly constructed, all boasting excellent condition and market-value rents. Parking is plentiful, offering a combination of garages, carports, and open parking spaces to accommodate tenants comfortably. Comprising (2) 2-bedroom, 2-bathroom units, (1) 4-bedroom, 2-bathroom unit, and (1) 3-bedroom, 2-bathroom unit, each residence features open layouts with spacious kitchens and islands, perfect for modern living. Centrally located near public transportation and local freeways, this property is within minutes of USC University, the New Banc of California Stadium, Crypto.com Arena, and vibrant DTLA. Whether you're a seasoned investor or new to the market, this is an exceptional opportunity not to be missed. Reach out today for more details and secure your investment in this highly sought-after property!
Amazing New Price! Excellent 10 Unit Income Property Opportunity Across and Next to New Luxury Construction! 5.8% IN-PLACE CAP in Prime Hollywood Location! 10 Units on Beachwood Drive for $2,049,000! We are pleased to exclusively offer for sale 1140-42 N. Beachwood Drive, a 10 unit apartment building located in the heart of Hollywood's bustling studio district. Offered well below replacement cost at $204,900 per unit, 1140-42 N. Beachwood Drive offers a new owner a going in 5.8% cap and a 12.1 GRM upon remodeling and re-leasing of a 1 bedroom unit that will be delivered vacant. Situated on a 6,752 SF lot zoned R3, the property features a detached parking structure that could potentially be converted to ADU units (Buyer to verify number of ADUs possible). Some units have bee upgraded with new floors and appliances, 30% income upside potential still remains even after the vacant unit is remodeled and re-leased at market rent. Amazing opportunity to acquire 10 apartment units in the middle of the action! 8.2% Proforma Cap! Don't miss this amazing opportunity to acquire 10 units in the heart of Hollywood's Studio District, surrounded by new jobs and high end for sale residential! Brand new construction townhouse units across the street - 1153 Beachwood Drive - each unit renting for $6,750 each!
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.
