144 S. Avenue 55 is a well-maintained 16-unit courtyard-style property located 1 block south of Figueroa St, the commercial hub of Highland Park. Notable tenants of this lively hub include Highland Park Bowl, Go Get 'Em Tiger, Mendocino Farms, Highly Likely, Blind Barber and more. In addition, the property is approx. 2 miles from Occidental College, and could potentially be an off-campus student housing option. Built in 1961, this courtyard-style property features (3) 2-bdrm. units & (13) 1-bdrm. units. Please note, there is a VACANT 2-bdrm. unit. The property presents a substantial value-add opportunity with approx. 60% rental upside. At projected market rents, the property will stabilize at a 8.34% CAP and 9.01 GRM. 144 S. Avenue 55 can be purchased individually or in conjunction with a 10-unit property, located 1 mile away (1223 N. Avenue 56). Please contact LA1 for more info.
We are pleased to offer this seven unit investment opportunity, located in the City of Los Angeles. The unit mix consists of five 1+1 and two 2+1 units. The investment consists of approximately 4,432 of rentable square feet and is situated on an approximately 9,110 square foot parcel. Recent property upgrades include new exterior paint, new exterior lighting, new exterior building and unit numbers, and all seven of the units have recently been renovated.. The building amenities include a secured gated entry, and the property is separately metered for both gas & electricity.
We are pleased to present 726 W Imperial Hwy, a 6-unit value add apartment community located in the Harbor Gateway neighborhood of South Los Angeles, CA. The property is comprised of an excellent unit mix of (5) 2 bed/1Bath units and (1) 3 bed/2 Bath unit. This unique investment opportunity offers significant rental upside potential of approximately 75% with market and over 100% with Section8. Section 8 Voucher Payment Standards (per HACLA) are currently up to $3,052 for 2-bedroom units, and $3,915 for3-bedroom units as of 2/2024. The gated property also sits on 8,341 square feet of land zoned R3-1-CPIO with rear alley access and parking for 7-8 vehicles. The property falls under TOC Tier 3 (up to 21 units) and is ED1 Eligible (unlimited density and streamlined approval process for Affordable Housing).726 W Imperial Hwy is centrally located just off the 105 and110 freeways, providing convenient access to Downtown LA, Hollywood Park/Sofi Stadium, LAX, and South Bay. South Los Angeles has seen significant rent growth over the past several years due to its relative housing affordability and convenient proximity to Downtown Los Angeles, Sofi Stadium, USC, Culver City, and South Bay. Rents in South LA have grown significantly over the past few years with average2-bedroom market rents reaching $2,300-$2,600 and Section8 Voucher Payment Standards rising up to $3,052. With low vacancy rates, landlord-favored market conditions, and numerous employment options nearby, South LA is poised for significant long-term growth.
We are pleased to offer this seven unit investment opportunity, located in the City of Los Angeles. The unit mix consists of five 1+1 and two 2+1 units. The investment consists of approximately 4,432 of rentable square feet and is situated on an approximately 9,110 square foot parcel. Recent property upgrades include new exterior paint, new exterior lighting, new exterior building and unit numbers, and all seven of the units have recently been renovated.. The building amenities include a secured gated entry, and the property is separately metered for both gas & electricity.
The property consists of five units, built in 1940, on an 8,135 square foot lot zoned R3-1HPOZ, with two separate structures totaling 6,102 square feet. Frontage is on Cloverdale Ave and 12th Street, and the property is one block from San Vicente Blvd. The front building is a two-story walk-up layout with two large (1,400 to 1,600 +/- SF) townhome-style units with patios. One unit has four bedrooms and three bathrooms, and the other has three bedrooms and two bathrooms. The rear building has three one-bedroom, one-bathroom units over two 2-car garages and a large laundry room. The property is individually metered for gas and electricity and the landlord pays for water and sewer. ADU Potential - The building in the rear of the property on 12th Street has three units over two garages. There is potential to convert the garages to an accessory dwelling unit (ADU) buyer to verify with the city.
Welcome to a multi family investment opportunity conveniently located near the 10 freeway with easy access to Downtown Los Angeles. This 2022 construction that consists of five townhome style units, will be delivered fully occupied with plenty of rental upside. Currently collecting $20,810 per month in rent, this property will provide immediate return on investment. The front two duplexes consist of 4 four bedroom townhome style apartments that each have spacious floor plans, balconies, and stainless steel appliances. The rear most building is a stand alone four bedroom SFD that provides increased privacy. All five units come with on site tandem parking! This building is a great opportunity to step into immediate consistent income and simple, low effort management!
This triplex in central Los Angeles offers a prime investment opportunity. The front building features an attached duplex, each unit with 2 beds and 1 bath, while a separate 2 bed, 1 bath unit is situated in the rear. Located close to public transportation, this property is ideal for investors or owner-occupiers seeking rental income. Don't miss out on this centrally located gem!
Pleased to offer this recently updated 2 unit property, which is perfect for multi-generational living or as an investment opportunity. Front unit is a charming single-story 3bed/2bath design with an ample interior and well equipped kitchen and modern bathrooms. Back unit was built in 2012, was recently remodeled, and is a 4bd/2.5bth two story design with an attached 2 car garage which can be converted to an 20x20 ADU if desired. Property's location offers easy access to local amenities, schools, transportation, and is a short drive from SoFi stadium.
ONE OF ONE, Welcome to El Sereno, Elephant Hill neighborhood conveniently adjacent to Monterey Hills, Montecito Heights University Hills, Alhambra, South Pasadena and a short commute to Downtown LA! LOWEST PRICE PER SQUARE FOOT in the entire neighborhood! In an area with most homes selling at $800 + per SF, this is an unbeatable $465 per SF. 4322 Garden Homes (SF: 2,145) is a stunning newly built 2-story single family home, 3-bedroom, 3.5 bathrooms and a 2-car attached garage. Escape the city buzz in this sleek, sun-drenched home. The open concept living area flows seamlessly to a luxurious grand primary bedroom with a glass enclosed balcony, providing an additional living area usable year-round and unbeatable mountain hill views. 4324 Garden Homes (SF: 797) is an impressive newly built 1-story ADU, 2 bedrooms, 2 bathrooms with its independent address and a private yard that is perfect for al-fresco dining. This is an ideal opportunity to purchase as a primary residence for the owner who rents out one unit while residing in the other, or alternatively, as a solid income producing opportunity, by renting out both units. This new construction property offers a strategic route to growing wealth exponentially while owning a luxurious, high quality, year-round easy maintenance, pavers & gravel rock throughout the exterior areas. Notable features include separate meters for gas and electric, 1 year builder’s warranty, top of the line stainless steel appliances, central AC/HVAC, paid off solar panels, and an overall quality of construction you won’t find anywhere else. This is your dream investment property, there is value everywhere you look here: lock it up before it goes! And calling all hikers, foodies, coffee enthusiasts, you'll enjoy close proximity to the Elephant & Ascot Hills hiking trails, Guardia Park, Hermon Park, Lil East Coffee, Holy Grounds Coffee & Tea, The Village Mart, Zingo Tacos, Secret Pizza, Benny Boy Brewing, Genovese's Italian Kitchen and many more! Book your tour today, the El Sereno zip code is ultra-hot.
Courtesy: Keller Williams Realty World Media Center
What has been a family compound and cherished sanctuary for several decades now comes to market as your opportunity to own a 4-unit property in East Los Angeles. Located at 3723 East 5th Street in Los Angeles (90063) this property is ripe with opportunity. One of the most compelling features of this opportunity is its exceptional unit mix. At the heart of the apartment complex is “the owner’s unit.” The owner’s unit is a 4-bedroom, 3-bathroom unit designed to accommodate the dynamic needs of a busy household. Yet, another opportunity with the owner’s unit is the possibility of splitting this home into two units. The existing floopland should be easy to convert into a 3 bed, 1 3/4 bath owner’s unit and a 1 bedroom, 1 bathroom attached ADU. In addition to “the owner’s unit” there are an additional three units that are 2 bedrooms and 1 bathroom each. Since this property has been used as a family compound for many years 3723 East 5th Street will be delivered with the owner’s unit and a two bedroom, one bath unit vacant at the close of escrow. The versatile floorplan along with two units delivered vacant at the close of escrow make’s it clear that 3723 East 5th Street is offering you the ability to immediately generate market rent regardless of whether you live in one and rent the others or just have it be a stand-alone income opportunity. While I am speaking of income opportunities 3723 East 5th Street has a four car garage that will be delivered vacant as well. This is another area of the property where you may be able to generate additional income by renting the individual parking spots. Whether 3723 East 5th Street will be your family compound or an addition to your real estate portfolio I invite you to come and see all that this property has to offer you!
The Montecito presents a rare investment opportunity that marries both a charming Spanish style front duplex with a newly developed and modern rear duplex comprised of two new spacious Townhome ADUs. This investment opportunity presents an ideal income property for either an owner-user or multi-generational family looking to live in one or both beautiful new ADU townhomes, or an astute investor looking to acquire a well-positioned asset with rental upside potential. Furthermore, Sellers are offering a 2-1 interest rate buy-down to qualified Buyers allowing for the potential to achieve a day 1 positive cash flow and the peace of mind that comes with securing an attractive and lower-than-market interest rate over the course of the next two years. This high-income producing 4-plex is comprised of 2 (3+2) units in a one-story building built in 1923, averaging ±918 sq ft, and 2 (3+2) newly developed townhouse ADU units built in 2024 averaging ±1,200 sq ft each. The combined building structure is ±4,236 square feet. The structures sit on a ±6,055 square foot lot, zoned LAR2. The two newly developed 3+2 Townhome ADUs have never been lived in but were previously approved for Section 8 for rental amounts of $4,000 each. Unit Improvement Summary includes: 3-Bedroom + 2-Bath Units: One of the front units has been highly improved with new countertops, wood like flooring and stainless steel appliances. Both units offer laundry rooms with washer/dryer hookups and individual hot water heaters. In 2016, the roof was replaced, and in 2024, ownership upgraded the electrical panels. 3-Bedroom + 2-Bath Tri-Level Townhome Units: Both newly constructed Townhome ADUs are immaculate and were developed in 2024 with sophistication and efficiency in mind. Each unit offers a soaring 16’ vaulted ceiling, accompanied by recessed lighting that illuminates the wide plank eco-friendly vinyl wood flooring with in-suite washer and dryer hook-ups. Both townhomes are equipped with fire suppression systems and ownership-installed solar panels, along with tankless water heaters, making these units not only beautiful but energy efficient. The solar panels are owned. There is no debt or lease obligation associated with the solar panels.
We are excited to present this exceptional 2-story, 19-room hotel, plus an additional 1 bed/1 bath manager's unit with an office and kitchen, located at 8301 S Figueroa St in vibrant South Los Angeles. This versatile property is perfect for conversion or redevelopment into transitional housing. The hotel features 17 rooms, each approximately 200 square feet, fully equipped with full bathrooms, queen beds, window AC units, televisions, desks, chairs, microwaves, and refrigerators. One room offers extra space at 225 square feet, furnished with a king bed and all the mentioned amenities. Additionally, a spacious 300 square foot room comes with two double beds and the same quality furnishings. The property is securely gated and includes 12 surface parking spaces, ensuring convenience and safety for residents. Its prime location offers a short walk to the Manchester and Figueroa intersection, both streets bustling with transit options, and the nearby 110 Freeway, making it ideal for commuters. Currently Section 8 is offering up to $2,132 for a unit. If a prospective buyer were to convert these units into section 8 housing, then there would be substantial returns. (Buyer to do their own due diligence.) Don't miss this unique opportunity to invest in a property with incredible potential. Contact us today for more information and to schedule a viewing.
Discover this beautiful and spacious duplex featuring two mirrored units, each offering 2 bedrooms and 1 bath. These units have been tastefully updated over the years, including newer floors, modern lighting, and updated kitchens and bathrooms. The property, professionally managed, has been well maintained and any issues over the years have been promptly resolved. It currently has wonderful tenants who take great care of their living spaces. Although the detached garage is in need of some attention, it serves as useful storage space for tenants. The expansive backyard is a serene retreat with lush vegetation and citrus trees, perfect for enjoying the outdoors. Each unit also features private front and back patios, enhancing the indoor-outdoor living experience. Both units are equipped with newer stainless steel appliances and washer/dryers. While one unit benefits from off-street parking in the driveway, the other utilizes street parking, which is permit-only. Situated on the highly sought-after Sycamore Avenue, known for its picturesque tree-lined streets and stunning buildings, this property is perfectly positioned between West Hollywood and Hancock Park. It offers easy access to some of LA's trendiest shops, cafes, and hot spots. Don't miss this exceptional opportunity to live or invest in a fabulous A+ location!
Courtesy: On Track Property
6006 Comey Ave is an ultra-premium 100% LEASED 2024 5-unit located in the ULTRA TRENDY Culver City Arts District, just steps from the countless shops, galleries and restaurants! This 5-unit is ready to close immediately: a dream come true for 1031 exchange buyers! Both 5 bed units are leased at $6,495 per unit, the 4 & 3 bed units are leased at $5,200 & $4,500 and the 2 bed at $3,000! All units rented extremely fast due to the highly desirable Arts District location and luxury, townhome style finishes. 6006 Comey Ave is made up of two large 5-bedroom tri-level townhome style units with rooftop decks, one 4-bedroom and one 3-bedroom tri-level townhome style unit with rooftop decks and one spacious 2-bedroom ADU! The property boasts 10 parking spots, all situated behind an automatic security gate that is conveniently accessed by a back alley (highly desirable by tenants). The excellent location, paired with the upscale modern units, and sprawling rooftop deck views of the hills and city will make for quick, easy rentals. These premium townhomes feature unbeatable floorplans with extremely large, tenant friendly kitchens and living rooms. You will find noteworthy features including, but not limited to designer tiles, all kitchen appliances included, MASSIVE rooftop decks, modern glossy cabinets, high ceilings, huge closets, balconies off the living space and bedrooms, countless windows everywhere you look allowing for maximum light, natural wood waterproof vinyl, and more! In addition to the high return, buyers will enjoy other perks including tons of parking, tastefully designed drought tolerant landscaping, a 1-year builder’s warranty, brand new EVERYTHING, little to no maintenance, separate meters for gas, water & electric, and extreme desirability amongst renters for years to come. This one-of-a-kind opportunity will not last long!
8 units with an assumable loan that is fixed at a 3.350% interest rate until 2027, and part of a 3-building portfolio sale. 4046 Nicolet Ave is located in the heart of Baldwin Village and features a strong unit mix of (7) 2 Bed/1 Bath & (1) 3 Bed/1 Bath units. The property enjoys a huge premium of having 9 on-site & gated parking for tenants in the back (7 singles & 1 tandem). At list price, the property is being offered at an attractive 11.50 GRM and 5.5% cap rate on current rents and operating expenses. In the last 20 years, the entire electrical system was replaced, the building was re-piped to copper plumbing throughout, and new windows were installed. In the last 2 years, the EQ retrofit work has been completed, a new roof was put on the building, and a brand new 100-gallon water heater & expansion tank were installed. Utility costs are low as most tenants are on RUBS for utility reimbursements, no on-site laundry room, and separately metered for gas & electricity. The next owner will enjoy the perks of having stable in-place cash flow with 25% rental upside, and a fixed low interest rate to generate great day 1 cash flow. Tenants enjoy being just 1 block away from Jim Gilliam Park. Zoned LAR3 will make lot value continue to be valuable for future usage. Can be bought together or separate with 411 Witmer Street and 1630 S Gramercy Place.
7 units with an assumable loan that is fixed at a 3.150% interest rate until 2027, and part of a 3-building portfolio sale. 1630 S Gramercy Place is a 1980's construction asset that is NOT subject to LA City Rent Control. This 7-unit apartment building is in the middle of centrally located Arlington Heights and boasts a top-heavy unit mix with all 3 Bed/2 Bath units and has 14 on-site & reserved parking spaces for tenants (7 tandem). The property is being offered at an attractive 10.90 GRM and 6.00% cap rate on current rents and operating expenses. Each unit was remodeled and is getting top of the market rent that'll couple perfectly with a low 3.150% interest rate to generate a rare 8% cash on cash return on Day 1. All units have in-unit washer & dryers, and in-unit water heaters to help escape common area gas bills. Tenants are on RUBS for utility reimbursements for water, sewer & trash, and the building is separately metered for gas & electricity which keeps this building operating with low utility bills. Future land value will remain high at this property as time passes for it being located on a 10,710 SF lot that's zoned LAR3. With the remodeled units, this property will be an easy-to-manage asset to keep for generations with high cash flow, low maintenance & repairs, and minimal upkeep. Can be bought together or separate with 411 Witmer Street and 4046 Nicolet Ave.
440-470 W 79th Street, Los Angeles, CA 90003 is located in a strong rental location. Multi-buildings and 1 and 2 story construction. Well kept properties with good curbside appeal. Garages and no tuck-under parking. Large lot (31,763 SQ. FT.) zoned C-2 - Redevelopment potential (buyer to check with city of LA). Two separate properties located on two separate lots with separate APNs. Potential to add ADUs (buyer to check with city of LA). The property includes a great unit mix of (4) 1-bedroom units and (16) 2-bedroom units. Long-term tenants with 100% collections and all paying on time. 18 of the 20 apartment units are on Section 8. Please do not contact tenants or on-site manager. Contact listing agent for more information.
7900S Figueroa Street, Los Angeles, CA 90003. Strong rental location. Multi-buildings and 1 and 2 story construction. Well kept property on a 7,476 square foot lot zoned C-2 - Redevelopment potential. Potential to add ADUs (buyer to check with city of LA). Great unit mix including (3) 1-bedroom units, (4) 2-bedroom units and (2) retail units. Long-term tenants with 100% collections and all paying on time. Most apartments are on Section 8. Please do not contact tenants or on-site manager. Contact listing agent for more information.
12 units with an assumable loan that is fixed at an 3.350% interest rate until 2027, and part of a 3-building portfolio sale. 411 Witmer Street is a gated courtyard styled building located in the thinly traded Westlake sub-market of LA. The property features an ideal unit mix of (2) 2 Bed/1 Bath & (10) 1 Bed/1 Bath units, and 12 on-site, gated, and reserved parking for each unit which is a huge premium for this neighborhood that lacks parking. Tenants have separate parking leases for their assigned parking spaces which brings in substantial additional monthly income. The property is being offered at an attractive 11.3 GRM and 5.85% cap rate on current rents and operating expenses. Tenants enjoy being just a couple of blocks away and walking distance to all of the amenities that Downtown LA has to offer such as Crypto.com Arena, LA Live, LA Convention Center, The Novo, Peacock Theatre, and tons of new restaurants and dining. This easy to manage asset was completely re-piped to new copper plumbing throughout that included new drainage lines, has a newer roof, all new vinyl windows throughout for all units, and the foundation was bolted & retrofitted. 4 of the 12 units were completely remodeled and are getting top of the market rent, with the other units leaving approximately 35% rental upside for the next owner to capture. With great in-place cash flow and a low fixed interest rate, this property will generate a strong Day 1 cash on cash return. The next owner will enjoy low operating expenses as some tenants are on RUBS for water & sewer utility reimbursements, all units are separately metered for gas & electricity, all tenants pay for trash, and all units have in-unit individual water heaters for no constantly rising common area gas bills. With a 12,100 SF lot zoned LAR3, land value will continue to increase for future usage. Can be bought together or separate with 1630 Gramercy Place and 4046 Nicolet Avenue.
This 100% leased, NON RENT CONTROLLED, six unit new construction is a can't miss investment opportunity. Built in 2023, this property is currently generating $20,879 per month in rent. All six units come with open floor plans, modern finishes, brand new appliances, and TWO PARKING SPOTS. These units are extremely attractive to all renters and a breeze to manage. Boasting a 5.37% cap rate in an increasingly desirable neighborhood, do not miss this opportunity!
Courtesy: Keller Williams Realty Calabasas
Discover a remarkable investment opportunity in the vibrant community of Glassell Park. Nestled in the hills amidst a tranquil neighborhood of single-family homes, yet conveniently close to Eagle Rock, Pasadena, the LA River trail, and downtown Los Angeles, this triplex offers both serenity and accessibility. The main house, meticulously maintained and updated, spans two stories with 2 bedrooms and 3 bathrooms and will be vacant. It features an updated kitchen and bathrooms, complemented by original mid-century elements like hardwood floors, ironwork, and PV stone fireplaces. Expansive decks provide unobstructed views from every floor, perfect for relaxing or entertaining. The front unit is a charming 1 bedroom, 1 bathroom bungalow with its own private yard, offering a cozy retreat. The lower unit, also with 1 bedroom and 1 bathroom, boasts a private backyard and stunning mountain views and is vacant. Whether you're looking to expand your investment portfolio or seeking a property to live in while generating rental income, this triplex offers an exceptional opportunity. Live in one unit and let the others contribute towards your mortgage payments, maximizing your investment potential.
We are proud to present an exceptional opportunity to acquire a well-maintained, 28-unit apartment complex at 2202 Michigan Avenue. This ±22,154 SF building sits on a ±22,386 SF lot and is situated between N Chicago Street and N Soto Street on Michigan Avenue. This vibrant location positions your investment at the heart of it all. Residents enjoy convenient access to Downtown Los Angeles, the L.A. Live entertainment complex, USC Health Sciences Campus, Dodger Stadium, and much more. Major freeways (10, 5, 60, and 101) are minutes away, along with a vibrant mix of shopping centers, restaurants, museums, and retailers. The property also sits one-block away from highly amenitized retail corridors on Ceasar Chavez Boulevard and Soto Street. This prime location isn’t just about convenience; it’s about capitalizing on a booming market. Los Angeles, the entertainment capital, experiences high demand for quality rentals. The property sits amidst a thriving working class with a steady need for well-maintained housing and easy access to major employers. 2202 Michigan Avenue offers the perfect blend of value and income potential. This well-maintained property features desirable amenities like lush landscaping, controlled entry gate, on-site parking, laundry facilities, pet-friendly dog run, and BBQ communal area. Individual units boast security doors, kitchens with dishwashers and stainless steel appliances, air conditioning, ceiling fans, and vertical blinds. With low vacancy rates and consistent rental income, 2202 Michigan Avenue is a secure long-term investment ideal for any investor seeking a strong return. This opportunity caters to a wide range – first-time purchasers, seasoned investors, and those seeking a 1031 exchange – providing a win-win scenario.
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.
