In Escrow, non-contingent. Bankruptcy Court OVERBID date is NOVEMBER 19,2024 WITH OVERBID OFFERS DUE NOVEMBER 15, 2024. FIRST OVERBID SHALL BE $200K OVER THE CURRENT $5,650,000. All Tenants are month to month - TOC Tier3 - Enterprise Zone - ED1 Eligible FIVE BUILDINGS (31,539+/-SF) on TWO PARCELS/LOTS of land (33,000+/- SF) located at the corner of W. Jefferson Blvd. and S. La Brea Ave. Perfect development play or for an owner/user. All Tenants are month to month and the price per square foot is insanely low.PHASE 1 & PHASE 2 Environmental completed and no action required. Clean bill of health and ready to sell. Days on market were due to a previous Title issue that has now been cleared. The properties must be purchased together as a portfolio and are subject to the Bankruptcy Court Overbid process.THE $5,650,000 CONTRACT PRICE IS AT AN INCREDIBLY LOW PRICE OF UNDER $200 PER SQUARE FOOT AND IS SUBJECT TO OVERBID IN BANKRUPTCY COURT.
Welcome to 6127 Saturn St: Located in the heart of Los Angeles this multi-family/rental income property offers an excellent investment /redevelopment opportunity. With 10 bedrooms, 8-bathrooms the property has approximately 5,625 square feet of livable space. The property is situated in the vibrant Pico-Robertson area, a stone's throw from Beverly Hills. The location offers convenience and modern living, with superb dining, shopping, and entertainment hot spots nearby, including The Beverly Center and The Grove. The property is also near top schools, lush parks like La Cienega, and premier medical facilities including Kaiser West LA. Upgrades include soft-story EQ retrofit, copper plumbing, electrical box, double-pane windows, and EQ gas shut-off valves. Inside the units, wood flooring can be found beneath the carpets and there are durable laminate surfaces. The property also features a communal laundry room, and each unit has a storage space under the carport. Current rents are below market rates, presenting a significant upside potential for the discerning investor.
Nestled within the vibrant hills of Echo Park, this distinctive 6-unit building presents an enticing opportunity for both homeowners and investors, boasting captivating vistas of the Downtown Skyline. With a total of 15 bedrooms, 11 bathrooms, and 4150 sq ft of living space, this expansive property is a rare gem, offering a desirable cap rate exceeding 5%. The unit breakdown includes two units featuring 2 bedrooms and 1 bath each, two additional units offering 2 bedrooms and 2 baths each, one unit comprising 3 bedrooms and 2 baths, and a back house unit providing 4 bedrooms and 3 baths. Each unit showcases generous kitchens with an inviting open layout. Recently renovated, the property boasts new flooring, kitchens, bathrooms, fixtures, recessed lighting, appliances, and fresh paint throughout, ensuring modern comfort and style. With separate electrical meters for each unit and parking available for some, this investment promises ample cash flow. Ideally located just minutes away from Downtown Los Angeles, Silver Lake, and Koreatown, residents enjoy easy access to a plethora of amenities and attractions, including Dodger Stadium and the scenic trails of Elysian Park. Enhancing convenience, the complex is gated, while ample parking is provided at the rear of the property. With nearby parks and entertainment options, this dynamic neighborhood offers endless opportunities for leisure and exploration.
Courtesy: KORUS Real Estate
Courtesy: House Of Seven Gables Real Estate Inc.
Courtesy: Lyon Stahl Investment Real Estate, Inc.
Experience a truly unique gem nestled in the heart of Leimert Park - a stunning Spanish-style beauty showcasing six impeccably maintained units. Many of these units have been extensively remodeled and upgraded, boasting modern touches like new flooring, granite countertops, and elegantly renovated bathrooms.The building features two spacious 2-bedroom, 1-bathroom units and four generous 1-bedroom, 1-bathroom units. Each residence offers a sizable living room and dining area, with select units boasting decorative fireplaces and higher ceilings for added allure.Moreover, this property offers the convenience of garage parking and on-site leased washer and dryer facilities, further enhancing its appeal to potential tenants.Perfectly positioned in a central location, this investment property grants easy access to shopping centers, diverse dining options, and entertainment hubs, solidifying its attractiveness to renters. This rare opportunity in the vibrant Leimert Park area won't linger on the market for long.
Courtesy: Mission Real Estate
Courtesy: Daum Commercial RE Services
Welcome to 1552 W Vernon Ave, a duplex gem in Los Angeles, CA. This property features a front house with 2 bedrooms plus an office and 1 bath and a back unit with 2 bedrooms and 1 bath, both units will be delivered vacant. Extensively updated with a new roof, windows, plumbing, electrical wiring and panels, this home shines with fresh paint inside and out. Inside, you'll find new flooring, kitchen cabinets, countertops, and bathrooms. One unit offers central A/C, while the other has a mini-split system. Property is fully landscaped with sprinkler system and a new fully concrete paved driveway for plenty of parking. This property features a big lot and zoning for a potential third unit, this property presents a prime investment opportunity. Conveniently located near major freeways, It's perfect to live in one and rent the other or keep long term as a cash flowing property.
ONE UNIT DELIVERED VACANT. Assumable loan at 2.625% - 4 Units Fully rented! Exceptional income! Excellent Income! Professionally Managed! 2,280 sf on 7,128 sf of land. Build an ADU! Rear of parcel allows for an additional unit/ADU. Existing 4 Units have 1 Bedroom/ 1 bath each. The are 2 freestanding units at the front of the property. The 2 Units at the rear of the property share one wall. 3 of the units are updated with laminate flooring, new tile and cabinetry as well as quartz countertops. (Reported rents are rounded to the nearest dollar. ) Long term tenant in front left unit.
Courtesy: The Hills Premier Realty
Courtesy: John R. Harris, Broker
The Park View 21 consists of 3 street level commercial units + 18 residential studios. Delivered with 3 VACANT residential units, the property provides an owner the opportunity to add immediate value through a renovation and lease-up process. Situated on the Northeast corner of Park View St and 11th St, this building is strategically located in the rapidly changing Pico Union submarket adjacent to Downtown LA. This pocket has become increasingly sought after by tenants for its proximity to Downtown LA, Koreatown, and the high-density composition of the neighborhood. Seller is open to discussing Seller financing scenarios. Contact the listing team for additional information.
Courtesy: Keller Williams Realty
Newer custom townhouse style apartments with so many upgrades. Drive up and be taken in by the modern chic building. Enjoy the modern amenities with a spacious floor plan. Located just a few blocks from USC, Exposition Park, the Coliseum Natural History Museum, LA Memorial Coliseum and a short commute to DTLA. This location is so close to USC Campus and just a short commute into DTLA. Energy Efficient Central AC/Heat system. -Balcony. -Water resistant vinyl wood floors. -Gray Shaker cabinets with quartz countertops. -LED energy efficient recessed lighting. -In unit stackable washer and dryer -Stainless steel appliances included (refrigerator, stove & dishwasher). -Two gated/secure parking spaces. -Gated secure building with cameras. Spectrum Internet (200mps) & Cable included for tenants. Attractive assumable loan available. Please inquire.
This well-maintained duplex built in 2019, not subject to LA City control, features two spacious units, each with 5 bedrooms and 3 bathrooms. The property is perfect for investors or owner-user. Both units are currently occupied by a non-profit program. Monthly rents are $3,200 for the front unit & $3,200 for the rear unit. The tenants have occupied the units since 2019 and pay for all utilities and maintain the building. The current owner has not raised the rents since 2019; there is sizable upside potential. There is an attached 1-car garage in the front & 2-car garage in the rear. Conveniently located near markets, shopping, schools, public transportation, freeways, and Downtown L. A.
Courtesy: YOREALTY GROUP
This well-maintained duplex built in 2019, not subject to LA City control, features two spacious units, each with 5 bedrooms and 3 bathrooms. The property is perfect for investors or owner-user. Both units are currently occupied by a non-profit program. Monthly rents are $3,200 for the front unit & $3,200 for the rear unit. The tenants have occupied the units since 2019 and pay for all utilities and maintain the building. The current owner has not raised the rents since 2019; there is sizable upside potential. There is an attached 1-car garage in the front & 2-car garage in the rear. Conveniently located near markets, shopping, schools, public transportation, freeways, and Downtown L. A.
SELLER MOTIVATED! HUGE UPSIDE!! 5511 Smiley Drive is a 7-unit apartment building situated in the heart of the burgeoning West Adams neighborhood. The property's diverse unit mix consists of one 2+2, three 2+1's, and three 1+1's. The building has had numerous upgrades such as security camera installation, vinyl windows, and a newer roof and exterior paint. There is ample tenant parking as well as owned communal laundry machines and a storage room that could be rented or retained for the owner's use. Lastly, the 7,200 square foot lot is 50% larger than the standard 4,800 square foot lot for the area. Superbly located just steps away from the heart of the West Adams commercial corridor, 5511 Smiley Drive provides residents with many of the great things LA has to offer right outside their front door. The property features a stellar 83 walk score and is central to major employment, freeways, and points of interest alike. Tenants with children have numerous nearby parks and schools to choose from, including Westside Neighborhood Park, Marvin Avenue Elementary, Argo Navis Middle School, and Hamilton High School. Public transit is easily accessible at the La Cienega/Jefferson Metro station 0.7 miles away. With 5511 Smiley, you can hedge against inflation, exploit tax advantages, and add more value.
2637 S Redondo Blvd is an 8-unit garden-style apartment building located in the West Adams neighborhood of Los Angeles. The property's unit mix consists of eight open concept 1+1's, seven of which have been extensively remodeled to include new paint, laminate flooring, windows, kitchens, and bathrooms. The exterior of the building has also been painted and re-landscaped. Each unit has its own water heater and is individually metered for gas and electricity. Located just minutes away from Culver City, Mid-City, and the University of Southern California, 2637 S Redondo Blvd provides residents with a central starting point for commuting. The property boasts a fantastic 84 walk score and is located just 0.7 miles away from the Expo/La Brea Metro station and 0.5 miles from the nearest I-10 freeway on-ramp. Tenants can enjoy a variety of new area amenities featured in the ever evolving West Adams neighborhood. Tenants with children have numerous nearby parks and schools to choose from, including Rancho Cienega Recreation Center and Cienega Elementary School. With 2637 S Redondo Blvd you can hedge against inflation, exploit tax advantages, and add more value.
Introducing this amazing 4 unit multifamily property in turnkey condition in the South Park neighborhood of Los Angeles. Two buildings sit on the lot which are comprised of two duplexes: 'structure one' is completely brand-new construction and 'structure two' is a meticulously "studs up" renovation. The front structure underwent a complete overhaul and now consists of two modern 2 bd + 1 ba units. The rear structure is brand new construction with a mix of one 2 bd + 1 ba and one 1 bd + 1 ba ADUs. All units are separately metered for all utilities (water sub-metering) and include open floor plans, modern kitchens, air conditioning and hard wood flooring. Its central location provides investors an extensive tenant pool. USC is a short 3 mile drive, Downtown LA is minutes to the North and access to the 110 Freeway is less than a mile away.
Coldwell Banker Realty is pleased to present the opportunity to acquire a four-unit apartment building in the Olympic Park-Koreatown neighborhood of Los Angeles. This property boasts a diverse unit mix, featuring 2 three-bedroom and two-bathroom units, 1 two-bedroom and two-bathroom unit, and 1 one-bedroom and one-bathroom unit. Gas and electricity are independently metered, while water is centrally metered. The construction combines stucco and wood-frame elements and offers 5 parking spaces for on-site tenants. Given that rents are currently below market value and the area is undergoing continued gentrification, investors will recognize the value in seizing this opportunity.
Los Angeles is located in California. Los Angeles, California has a population of 3,902,440. Los Angeles is less family-centric than the surrounding county with 29.48% of the households containing married families with children. The county average for households married with children is 30.99%.
The median household income in Los Angeles, California is $69,778. The median household income for the surrounding county is $76,367 compared to the national median of $69,021. The median age of people living in Los Angeles is 36.2 years.
The average high temperature in July is 83.6 degrees, with an average low temperature in January of 45.9 degrees. The average rainfall is approximately 15.5 inches per year, with 0 inches of snow per year.
