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8517 Pershing Dr Playa Del Rey, CA 90293

$7,500,000
16 Units
Status Active
MLS # 19481536
Property Type Residential Income
Price Type --
This Prime Investment Property is ideal for developers. C-2, Can build 34 office/retail units in a commercial use application. Height limit is 44'. Close proximity to Playa Vista, Manhattan Beach, The Beach at Playa Del Rey, all freeways, LAX and Marina Del Rey. Huge upside potential in an under developed market. Currently has 16 units that require tenant relocation under LAHD restrictions. Commercial alley access. 34,000 SQ FT OF OFFICE/RETAIL DEVELOPMENT POSSIBLE! 1.5 FAR. Per LA Planning Dept., Also, 34 residential units can be developed. Three blocks from the beach. One block from the huge commercial redevelopment project on Westchester Parkway. Sold only as an assemblage (3 individual buildings). Subject to relocation restrictions by LAHD Rent Control, Coastal Commission Influence and Coastal Transportation Corridor Specific Plan. Zoned LAC2-1VL. Mixed commercial use zoning.

4959 Romaine St Los Angeles, CA 90029

$7,500,000
20 Units
Status Active
MLS # 19530150
Property Type Residential Income
Price Type --
Built in 1956, this 20-unit property is located on a 15,599 SF lot in the East Hollywood neighborhood of Los Angeles. The two-story building features 18 one-bedroom units and two three-bedrooms units, all with spacious floor plans and sophisticated interior finishes.All the units have undergone extensive renovations, including in-unit washers and dryers, hardwood flooring, custom cabinetry as well as high-end appliances. The property is separately metered for gas and electric and has eighteen parking spaces.This offering presents an investor the opportunity to purchase a stabilized asset with market rents and extensive renovations, providing passive income in a market that has shown consistent growth in population and rents year over year. There are no long-term tenants as all of the units have been leased within the past twelve months.

238 S Mariposa Ave Los Angeles, CA 90004

$7,495,000
40 Units
Status Active
MLS # 19520890
Property Type Residential Income
Price Type --
40-unit investment opportunity in the highly desirable and amenity rich submarket of Koreatown. 238 S Mariposa presents the opportunity for an investor to add value through additional renovations. 17 of the 40units have been extensively renovated with high-end finishes which include new stainless-steel appliances, laminate and tile flooring, new kitchen cabinets and tile backsplashes, new fixtures, new paint, new based moldings, and energy efficient LED lighting. Also, three of the units will be delivered vacant, leaving room for an investor to immediately upgrade the units and capture market rent. Exterior and building upgrades include a new roof, new exterior paint, a new intercom, newly painted hallways with recessed lights, and a new solar thermal system to decrease the gas usage. Through a complete interior renovation program, an investor will have the opportunity to capitalize on the tremendous rental upside.

19 Wavecrest Ave Venice, CA 90291

$6,995,000
10 Units
Status Active
MLS # 19496890
Property Type Residential Income
Price Type --
Investment opportunity just feet from the sand in world famous Venice Beach. The home of LAs hottest tech scene, avant garde dining and retail on Abbot Kinney, as well as the most highly sought-after rental submarket on the West Coast! The subject property is ideally-located off Speedway, which is the 1st street from the famous Boardwalk. This vintage building has character inside and out - highlighted with Spanish tile surfaces and tub surrounds, in the kitchens and baths. The units have been largely redone, throughout, with mostly copper plumbing and a one-year old roof. The Seller plans to deliver 9 of the 10 units vacant and market-rent-ready at the close of escrow! And the Seller will likely leaseback the large 2 Bed/1 Bath Penthouse at a market rent, after closing, as well. The penthouse has a large deck with hot tub, as well as a 2nd rooftop deck with vast views of the Pacific and the whole LA Basin. A charming asset with massive unrealized upside in a location.

10748 Riverside Dr Toluca Lake, CA 91602

$6,700,000
13 Units
Status Active
MLS # 19517834
Property Type Residential Income
Price Type --
13 brand new, luxurious, NON-RENT CONTROLLED Townhomes. Situated in the highly desirable Toluca Lake submarket. Completed in 2018. Each unit has modern interiors with many amenities including: custom italian style kitchens, quartz countertops, in-unit washer & dryer, modern appliances, deep soaking tubs, Nest Thermostats, secured building and private rooftop decks. Contact listing agent for Offering Memorandum. Property is approximately 9,500 sq. ft. gross plus a a garage subterranean garage. *Property will be sold AS IS condition with a deed restriction preventing it from being converted to condos for 10 years from date of CofO.

11611 Moorpark St Studio City, CA 91602

$6,500,000
6 Units
Status Active
MLS # 19529242
Property Type Residential Income
Price Type --
Welcome to: 11611 Moorpark Street, Studio City. A newly constructed boutique apartment building in affluent Studio City. All six units are three bedroom, two bath, approximately 1500 square feet (each). All units have French Oak Floors, private LG washer/dryers, central heat/ac, gourmet kitchens with Jenn-Air Stainless Steel appliances, private patios, high ceilings, ceiling fans in all rooms and all of the luxuries of a new building. Plus, there is a communal rooftop patio with trees, tables, chaises and a BBQ. Door Bird fob technology and cameras surround the property. There are 11 parking spaces total that are gated and an abundance of street parking too.

2649 Marengo St Los Angeles, CA 90033

$6,360,000
24 Units
Status Active
MLS # 19494264
Property Type Residential Income
Price Type --
We are pleased to announce the sale of 2649 Marengo Street, a rare opportunity to purchase a mid-size multifamily property with expiring covenants that had previously been restricting rents. Constructed in 1988, the property is not subject to Los Angeles rent control and features an outstanding unit mix, with 75% of the units holding two, three, or four bedrooms. Available for only $218 per square foot, the property features spacious floorplans that may help the new investor to command much higher rents if the existing rent covenants expire.The sprawling lot features ample parking, with approximately 46 covered and open parking spaces atop the concrete driveway. A large playground and sandbox occupy one corner of the gated complex, while each of the three apartment groupings contains its own on-site laundry room, helping to provide additional cash flow to the owner.

9075 Cedros Ave Panorama City, CA 91402

$6,250,000
33 Units
Status Active
MLS # 19524978
Property Type Residential Income
Price Type --
Built in 1995, this 33 unit with significant rental upside represents a great investment opportunity. Located on a 50,094 square foot corner lot in Panorama City this charming, garden-style 2-story walk-up building has a great unit mix and historically low vacancy. Amenities include a large, charming garden courtyard, gated and secure pedestrian and parking entries, easy surface parking with approximately 40 spaces and two laundry rooms. The building is separately metered for gas and electric. The property is in close proximity to many restaurants, shops, bus lines and major thoroughfares. Its close proximity to the 405 freeway makes easy access to the Westside as well. Property being sold by court-appointed receiver and maybe subject to court confirmation & overbid hearing.

644 N Normandie Ave Los Angeles, CA 90004

$6,200,001
12 Units
Status Active
MLS # 19518430
Property Type Residential Income
Price Type --
12 brand new, luxurious, NON-RENT CONTROLLED Townhomes. Located in a Qualified Opportunity Zone, this investment is ideal for an investor looking to build and hold the asset for over 10 years to minimize capital gains liability (Buyer to confirm). Situated in the highly desirable East Hollywood submarket. CofO will be completed in 2019, expecting CofO within 30 days. Each unit has modern interiors with many amenities including: custom Italian style kitchens, quartz countertops, in-unit washer & dryer, modern appliances, deep soaking tubs, Nest Thermostats, secured building and private rooftop decks. Contact listing agent for Offering Memorandum. Property is approximately 11,500 sq. ft. gross plus a subterranean garage. *Property will be sold AS IS condition with a deed restriction preventing it from being converted to condos for 10 years from date of CofO.

7113 La Tijera Boulevard Los Angeles, CA 90045

$6,000,000
18 Units
Status Active
MLS # SR19042971
Property Type Residential Income
Price Type --
Offered for Sale: Two Multifamily Apartment Buildings: Westchester Neighborhood Prime Development Opportunity 'TWO PARCELS' side by side. The two properties are being sold as ?One Purchase? under this Listing Agreement. The ?Data Analysis? for the two properties have been combined under one total, as it applies to each of the ?Data? categories. Total Units: 18: Building Size 13,259 SF: Lot Size: 24,308 SFTotal Gross Income: $ 264,252Total Operating Expenses: $ 51,192Net Income: $ 213,060Apartment Building: Lead Address: 7113 La Tijera Blvd Los Angeles CA 90045: APN 4103-008-02614 Units: Building: 10,495 SF Lot: 16,206 SF Apartment Building: Lead Address: 7107 La Tijera Blvd Los Angeles CA 90045: APN 4103-008-0254 Unit: Building: 2,764 SF Lot: 8,102 SF Property is subject to the City of Los Angeles Rent Control Ordinance. Laundry facilities on-site: Great opportunity to develop the two properties to their full potential.

5110 Bakman Avenue North Hollywood, CA 91601

$5,995,000
20 Units
Status Active
MLS # SR19117507
Property Type Residential Income
Price Type --
New plans for modern 65 units building. 6 stories, Gym, Recreational room, pool, lobby, elevator, and roof deck. 26 units, 2 bedrooms 2 bath.25 units, 1 bedroom, 1 bath. 14 units are singles. Owner has architectural and engineering plans with building and safety. All fees have been paid. EMP engineering paid, structural engineering paid, landscaping engineering paid. Owner will deliver the property vacant.

1529 South Bundy Drive West Los Angeles, CA 90025

$5,995,000
9 Units
Status Active
MLS # SR19171439
Property Type Residential Income
Price Type --
HUGE PRICE REDUCTION! Burts & Associates are pleased to present the opportunity to acquire 1529 S. Bundy Drive in prime West Los Angeles. This 9-unit condo quality apartment complex is located between Westwood and Santa Monica, just south of Brentwood and is walking distance to the amenities on Santa Monica Boulevard?s retail corridor. The property enjoys easy access to major employers in Century City, Westwood, Santa Monica and Culver City, including growing entertainment and technology giants like Sony, Apple, HBO, and Amazon. The property is also located just a few blocks away from Element LA, a new state of the art 240,000 square foot creative office campus laid out over 12 acres that is currently under construction. The 405 and 10 freeways are located several blocks to the east.Built in 1988, this building consists of 2 two-bedroom, 2.5 bath units, 4 one-bedroom + loft, one bath units, and 3 one-bedroom, one bath units. The building features units flooded with natural light. Some of the units have 18? ceilings and roof top terraces with city views. All units have hardwood floors, stone counter tops and upgraded kitchens and baths. The building features a modern facade, private balconies, secure gated parking, controlled building access an