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1251 Magnolia Avenue Los Angeles, CA 90006

$50,960,000
187 Units
Status Active
MLS # 21754908
Property Type Residential Income
Price Type --
This portfolio offering includes 10 properties totaling 186+1 units. 15 Studios, 118 one beds, 48 two beds, 6 three beds. There are 12 separate APN#s and multiple contiguous lots. Most of the properties are in the 90029 & 90006 zip codes of Los Angeles, CA. These well-located properties offer convenient access to DTLA & Mid-Wilshire and can be managed efficiently due to their proximity to one another. The properties are well maintained and have had many exterior and interior improvements including new roofs and copper plumbing. More than 25% of the units have been beautifully upgraded. There is still +28% upside to be realized as units turn and the opportunity to construct two additional units already permitted at 1006 Mariposa. This infill multifamily portfolio is in an improving submarket in Los Angeles and gives an investor diversification amongst 12 different assessor parcels and proven upside through continued unit turns. Subject Properties & APNs: 1006 N. Mariposa Ave. (5538-002-030; -018) / 1018 N. Mariposa Ave. (5538-002-032) / 1015, 1017 & 1021 N. Mariposa Ave. (5538-001-017; -018) / 1250 N Kingsley Dr. (5537-014-031) / 5525-5527 Virginia Ave. (5536-008-016; -017) / 5442 Virginia Ave. (5536-010-008) / 222 Roselake Ave. (5157-018-049) / 1251 Magnolia Ave. (5076-017-024) / 1401 S Catalina St. (5075-006-019) / 1237 Magnolia Ave. (5076-017-017)

11677 Goshen Avenue Los Angeles, CA 90049

$38,495,000
68 Units
Status Active
MLS # 21101343
Property Type Residential Income
Price Type --
11677 & 11683 Goshen Avenue is a generational multifamily investment opportunity located in the heart of LA's famed community of Brentwood. Consisting of 2 properties each with their own APN, the buildings boast an ideal unit mix consisting of all large 1 bedroom & 2 bedroom units. Each of these units are extremely spacious, have a terrific floorplan, and offer an abundance of natural light.Current ownership has invested significant capital into the properties and over 70% of the units have been remodeled. The unit mix includes (62)1-bed, 1-bath units, (4) 1-bed, 1.5-bath with a den units, and (2) 2-bed, 2 bath units. These are trophy assets in an undeniably attractive location that will surely pay long-term dividends to a savvy investor. Additional property features include on-site parking for 80 cars as well as an on-site laundry facility in each building, a sparkling pool, a sauna, and a vacant large pool room that would be suitable for a perfect gym or entertainment area. A quick walk to the high-end dining on San Vicente Blvd., this rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire a prestigious turnkey asset in one of the best rental locations in all of Los Angeles.

3057 W Pico Boulevard Los Angeles, CA 90006

$34,995,000
51 Units
Status Active
MLS # 21776954
Property Type Residential Income
Price Type --
Brand NEW 51 unit mixed-use development in booming Koreatown in Los Angeles. The Decollage has approximately 3,500 sq ft of ground floor commercial space with a separate parking lot with 16 spaces dedicated solely for the commercial space. 5 levels of apartments sit above the commercial space with a generously spacious unit mix of 16 1bd/1ba, 28 2bd/ba, 7 2bd/2ba+loft with a total of 116 parking spaces. The building amenities include an open courtyard, gym, recreation room, and roof decks for tenants. The Decollage Apartments is located in a very convenient and central location. Decollage Apartments are within 2.5 miles from the Staples Center & LA Live, very close to USC, UCLA, easy access to major freeways, public transportation, and plenty of markets, and restaurants. No low-income units in the building or any deed-restricted units, all 51 units will be available at current market rates and is non rent-controlled. Minimal expenses for the owner as each unit is individually metered for electricity, gas, and sub-metered for water. Don't miss out on this excellent opportunity!

2391 Roscomare Road Los Angeles, CA 90077

$24,995,000
10 Units
Status Active
MLS # 21759816
Property Type Residential Income
Price Type --
ONE BEL AIR, a premier new construction 10 unit luxury building, the only one of its kind located in scenic upper Bel Air, offering 'home alternative' residences in one of Los Angeles' most sought after neighborhoods. A NEW $16.6M ASSUMABLE LOAN HAS BEEN PLACED ON THE PROPERTY AT 3.77%, FIXED FOR 10 YEARS (APPROXIMATELY 9 YEARS LEFT), INTEREST ONLY AND MUST BE ASSUMED WITH PURCHASE. Breathtaking ocean and canyon views beautifully combine nature, serenity and modern luxury. Sleek architecture and sophisticated design, finishes and fixtures are set amidst a lush mountainous back drop perfect for taking in dramatic sunsets. Equipped with a gym, lounge, spacious viewing deck, pool and pool deck, secured entry and parking garage. This iconic offering brings refined, multi-unit, luxe living to the hills.

2127 Rodney Drive Los Angeles, CA 90027

$23,500,000
42 Units
Status Active
MLS # 21106543
Property Type Residential Income
Price Type --
A generational investment opportunity of a 42-unit apartment building in Los Feliz, one of the most coveted rental submarkets in all of Los Angeles, located just south of Los Feliz Blvd between N Vermont Ave and Hillhurst Ave. This is the first time the property has been on the market since it has been developed in 1986, a rare opportunity to purchase a sizeable asset in this pocket of the submarket with only 21 buildings over 40 units existing north of Franklin Ave. Los Feliz is considered a premier rental market of Los Angeles attracting quality tenants and providing easy access to amenities in Hollywood as well as the 101 & 5 Freeways. The building features an ideal, rare unit mix of spacious units made up of 24 one-bedrooms (652-871 SF), six one-bedroom lofts (916-931 SF), nine two-bedrooms (951-1,012 SF) and three two-bedroom lofts (1,173-1,202 SF). The unit interiors are well-maintained with central A/C, fireplaces, dishwashers, microwaves, and new flooring and paint in the majority of the units. The rental income provides stable current cash flow to an investor with additional upside over 18% achievable through further interior unit renovations such as recessed lighting and upgraded kitchens and bathrooms. The 1986 construction does not fall within the city of Los Angeles rent control. The property is being offered with favorable assumable financing in-place with current principal balance of $9.13 MM, interest-only until August 2030 at a 2.82% interest rate. The property has gated, subterranean and ground-level parking with approximately 82 parking spaces and tenant fob-controlled entry and exit. Furthermore, there is a community laundry room with three washers and dryers. The currently laundry lease with Dadson is nearing expiration, allowing an investor to collect substantial future laundry income. The property will be delivered with essentially no deferred maintenance as the building has been meticulously maintained throughout the years. There is a professional exterior faade and lobby with a secure, intercom entrance leading to an elevator with access to each floor. The common area hallways are in pristine condition and there is a security camera system in-place ensuring safety throughout the building. There is also a community common area patio with two barbeques and an abundance of seating for tenant's enjoyment. The neighborhood of Los Feliz is highly desirable and a densely populated rental market of Los Angeles. Surrounded by multimillion-dollar single-family residences north and south of Los Feliz Blvd, the property provides apartment renters the opportunity to reside in an affluent community. The neighborhood borders sprawling Griffith Park, beloved by locals for its hiking, concerts at the Greek Theatre and stargazing at Griffith Observatory.

3813 Flower Drive Los Angeles, CA 90037

$22,000,000 - Br/0Ba -  for Sale in Los Angeles
New
$22,000,000
61 Units
Status Active
MLS # PW21254393
Property Type Residential Income
Price Type --
We are pleased to present the rare opportunity to acquire the USC Flower Portfolio – nine contiguous multi-family properties within walking distance of the University of Southern California and Exposition Park in Los Angeles, CA and located in a federal Qualified Opportunity Zone. The offering consists of 61 units in total - a 20-unit property, a 12-unit property, a 5 unit property, and six 4-unit properties on a total of 1.5 acres of land. The existing structures are historically protected from demolition. 22 units are currently empty allowing a new buyer to immediately renovate those units in order to raise rents to market by attracting student and / or young professional tenants. The remaining 39 non-empty units are protected by the Los Angeles Rent Stabilization ordinance – a new buyer could elect to leave those tenants in place and allow those units to turn over gradually or negotiate voluntary cash for keys move-out agreements with interested tenants to accelerate the turnover process The 20-unit and 12-unit property each consist of all studios while the 5-unit and the 4-unit properties all boast large floor plans of over 1,000 square feet which would allow for a conversion to a student housing-optimized 3 Bed/3 Bath Floor Plan. The seller currently has city approval for multiple of these conversions on the empty units and a new buyer would inherit their Ready to Issue Permits (RTI) status on those units allowing for the renovation work to commence quickly. In addition to the unit renovation/conversion project, there is also significant value-add development potential for the portfolio via the construction of new Accessory Dwelling Units (ADUs) (Buyer to verify). Due to statewide legislation passed in 2020, multi-family properties are allowed two detached ADU’s subject only to a 4 foot setback and a 16 foot height limit with effectively no replacement parking requirements. ADU’s are allowed to be at least 1,000 square feet in size, and larger in some cases. Attached garages may also be converted into ADU’s, allowing the 5 unit property to have one ADU constructed as well. Because the property is located in a federally-designated Qualified Opportunity Zone, a qualified buyer would be able to sell the property without any capital gains taxes after a ten-year hold period among other potential tax benefits. OM can be viewed here: Www.uscflowerportfolio.com

6700 Franklin Place Los Angeles, CA 90028

$19,500,000
42 Units
Status Active
MLS # 21106701
Property Type Residential Income
Price Type --

5807 Laurel Canyon Boulevard Valley Village, CA 91607

$19,450,000
56 Units
Status Active
MLS # 21773066
Property Type Residential Income
Price Type --
Situated on a corner lot with excellent street visibility along Laurel Canyon Boulevard, the property offers tenants the convenience to walk to the new NoHo West development and its 25 acres of retail and entertainment destinations. More than 25% of the apartments have been completely remodeled to include in-unit washer/dryers, stainless steel appliances, quartz countertops, wood flooring, and upgraded bathrooms. A new investor may continue this remodeling program and apply the same blueprint to the remaining units in order to capture the assets significant rent upside. Constructed in 1985, NoHo Centre features an impressive amenities package, with central air/heat in all units, at least one balcony in every unit (except singles), large walk-in pantries in all units, at least one garage parking space per bedroom, a laundry room on every floor, an elevator, and a landscaped courtyard. The spacious floorplans range from 729 to 812 square feet for one bedroom units, while the two bedroom units average approximately 1,027 square feet each. The property has been upgraded with a new cool roof coating, new fence, new garage paint, new security camera system, and several new air conditioning units. With the new NoHo West mega-development recently coming online, tenants are within short distance of a new Trader Joes, Regal Cinemas, Starbucks, and several other national retailers. In addition, tenants can easily drive to the trendy and revitalized NoHo Arts District, just 1.6 miles away. Also within close proximity are the prestigious neighborhoods of Studio City, Sherman Oaks, and Toluca Lake, with the high-end shops and restaurants of the world-famous Ventura Boulevard just 2.2 miles south. Although the property boasts ample reserved parking, public transportation is highly accessible to tenants as well. The North Hollywood Metro Station, the Valleys largest public transportation hub, which connects the Red Line and Orange Line, sits just 1.5 miles from NoHo Centre.

552 N Hobart Boulevard Los Angeles, CA 90004

$13,500,000
27 Units
Status Active
MLS # 21797368
Property Type Residential Income
Price Type --
Pleased to present the opportunity to acquire a brand new, none rent controlled 27 unit apartment building in Hollywood. Built in 2021, The Property, located at 552 N Hobart Blvd, offers a great unit mix with one studio, 1 and 2 bedroom flats, and townhomes. The property offers large spacious units with an average square footage of 900 SF. It also includes in unit washer & dryer, stainless steel appliances, two-tone cabinetry, quartz countertops, stylish flooring, mobile-friendly thermostats, Central A/C, and heat and reserved parking. The Property is centrally located and a short distance from the World Famous Hollywood Walk of Fame, Paramount Studios, Netflix, Koreatown, Larchmont Downtown, and the Hollywood Bowl.

7075 Lanewood Avenue Los Angeles, CA 90028

$13,000,000
36 Units
Status Active
MLS # WS21145762
Property Type Residential Income
Price Type --
Welcome to 7075 Lanewood Ave, Los Angeles, CA – CASA LANEWOOD. This south facing 36-unit apartment building is situated in an UNBELIEVABLE LOCATION – Less than 2 blocks (0.2 miles) away from Hollywood Blvd. First time on market since 1999!! The property is a 2-story apartment that was built in 1971 with 23,450 SF building size situated on 20,999 SF lot. 3 separate parking areas for a total of 37 parking spaces. The property also has its own laundry room (laundry units are owned not leased). The property also has cameras installed and seismic retrofit has been completed (November 2020). 7075 Lanewood has a Walk Score of 95 out of 100 because of its extremely convenient location. There are many nearby amenities such as restaurants, groceries stores, shopping, parks, schools, entertainment etc. Many nearby world-renowned attractions are also within walking distance such as: TCL Chinese Theatre, Dolby Theatre, Hollywood Walk of Fame, El Capitan Theatre, Hollywood Wax Museum, Hollywood Museum, Guinness World Records Museum, World of Illusions and many more. 7075 Lanewood is also conveniently located within walking distance to public transportation (0.4 miles away from Metro Rail – Hollywood/Highland Station).

12659 Moorpark Street Studio City, CA 91604

$12,650,000
28 Units
Status Active
MLS # 19423618
Property Type Residential Income
Price Type --
Located on nearly an acre of park-like grounds, this 28-unit building sits just north of Ventura Blvd. in a prime picket of Studio City. The location provides close proximity to restaurants, shopping, parks and freeways. The building has been lovingly maintained by the same family for over 2 decades, and several of the units have been updated w/ hard surface flooring, stainless-steel appliances and other amenities. All but four of the units have town-home style layouts, with the bedrooms located upstairs and the living spaces situated on the ground floor. Tongue-and-groove ceilings, exposed beams, and other mid-century period details, imbue the units with charm and character. The roof was replaced in 2015. Unit mix consists of fourteen 1+1 bath units, 10 2+2 units and four 3+2.5 bath units.

3524 Chesapeake Avenue Los Angeles, CA 90016

$12,500,000
27 Units
Status Active
MLS # 21799184
Property Type Residential Income
Price Type --
The subject property is a luxury, brand new construction, 27 unit apartment complex located in the West Adams submarket of Los Angeles. Ideally situated on Chesapeake Ave (a quiet, residential street) and 3 doors down from Exposition Blvd (the Expo Line station is one block away). This 2021 constructed building has pristine units, an incredible unit mix and views from most units. The property boasts Eighteen 1 bedroom, 1 bathroom units, and Nine 2 bedroom, 2 bathroom units (3 of which are deemed affordable). Amenities include common area benches and tables, and a gym. The densely populated location ensures expeditious lease up and the luxurious units allow for tenant comfort and investor stability. The area has undergone a major economic renaissance during the past decade with development as the driving force. The new apartment and mixed use developments in the immediate area have provided an overwhelming increase in the demand for high end rental units and retail. 11 units remain vacant. The central courtyard building also has an oversized side yard on the southern side of the building. Tenants have access to a bike closet for bike storage and there is a pristine, inviting entryway with the elevator. All units have washer and dryers and balconies as well as all the modern conveniences of living in a brand new building.