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1363 Colton Street Los Angeles, CA 90026

$29,495,000
47 Units
Status Active
MLS # 22136617
Property Type Residential Income
Price Type --
Inspire Colton is Echo Park's newest landmark and most opulent community to date with forty-seven brand new over-the-top flats, filled with the highest echelon tenant base every investor strives to have. Nestled at the base of the Echo Park foothills, centered in Los Angeles's most increasingly affluent, supply constrained neighborhood city wide and minutes by Bird from DTLA. The property's walkability coupled with the landlord-provided electric bikes, the tenant's access to various parks, restaurants, shopping, and entertainment along Glendale Blvd and the Sunset Strip has prospective renters competing for a chance to call Inspire Colton their home. Inspire Colton is centered by four major freeways and highways (101, 110, 5, and 2), providing residents convenient access to major employment centers such as Hollywood, Glendale, and Burbank in addition to its walkability to DTLA. Hollywood is one of the most active submarkets for new office development in the country, while DTLA has millions of S.F. in the pipeline

1319 S Orange Grove Avenue Los Angeles, CA 90019

$26,395,000
33 Units
Status Active
MLS # 22145297
Property Type Residential Income
Price Type --
Stunning brand new 33 unit apartment building with an excellent mix of modern residences. The building is comprised of 5 One Bedroom + One Bath Units, 8 Two Bedroom + Two Bath Units, 7 Three Bedroom + Two Bath Units, 8 Loft + Den Units, 4 One + One Bath Penthouses, and 1 Two Bedroom + Two Bath Penthouses. HIVE offers tenants an experience unlike most other properties in the city, with exquisitely designed apartments featuring a variety of amenities including spacious bedrooms and closets, stainless steel appliances, dishwashers, in-unit washers/dryers, balconies and terraces, and select loft units have floor to ceiling windows with unparalleled city views. Community amenities include a beautifully landscaped rooftop deck with breathtaking panoramic views of the city, a state-of-the-art fitness center with an array of modern cardio and weight training equipment, Amazon lockers, secured parking/storage area for bicycles, and two levels of secured/gated parking for 54 vehicles.

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.

218 S Occidental Boulevard Los Angeles, CA 90057

$23,000,000
39 Units
Status Active
MLS # 22153293
Property Type Residential Income
Price Type --
Occidental Gardens is a five-story, 39-unit brand new construction apartment building located just north of W 3rd St, walking distance to prime Koreatown. Located in one of the most coveted submarkets in all of Los Angeles, this is a prime opportunity for an operator to purchase a brand-new asset and lease the units at market rates immediately. All 39 units are market-rate units with no affordable housing requirements. Construction is set to be completed and the certificate of occupancy is scheduled to be issued in mid-2022 and the property will be delivered 100% vacant at the close of escrow.Occidental Gardens is a unit mix made up of six singles and 33 one bedrooms. The units all have spacious, open layouts with singles ranging from 614-645 SF and one-bedrooms ranging from 820-1,710 SF. Additionally, there are two levels of parking totaling 47 spaces, giving an investor the opportunity to collect income from the excess parking spaces. The units have been meticulously constructed with vinyl flooring, stacked washers and dryers, stainless steel appliances, recessed lighting, and modern bathrooms and kitchens. Additionally, each unit features either a patio or balcony. There is also a recreation room on the fifth floor for residents' enjoyment.The subject property is situated in an ideal neighborhood with easy access to prime Koreatown and a short commute to Downtown Los Angeles. The strong rental submarket continues to increase year-over year illustrated through the plethora of new developments of all product types within a few miles. The subject property has a walk score of 90 and is within walking distance to multiple metro local line stops on W 3rd St and in close proximity to the metro red and purple lines.

20918 Gresham Street Canoga Park, CA 91304

$19,250,000
49 Units
Status Active
MLS # 22138482
Property Type Residential Income
Price Type --
We are pleased to present the Terra Apartments, a forty-nine unit apartment building in the Canoga Park submarket of the San Fernando Valley bordering Chatsworth and Northridge. Built in 2003, the building has an excellent unit mix consisting of 12 one-bedroom/one-bathroom units, 2 two-bedroom/one-bathroom units, 31 two-bedroom/two-bathroom units and 4 three-bedroom/two-bathroom units. The community amenity package includes a swimming pool, fitness center, picnic area with barbecue, on-site laundry room, gated parking, storage area and controlled access. The units feature expansive floor plans, central air and heat, refrigerator, gas range stove, garbage disposal and dishwasher. This building allows an incoming investor to continue to execute on the established renovation plan to update the remaining outdated units and capitalize on the spread between current and market rental rates.Centrally located in the Western San Fernando Valley, the Terra Apartments provide residents with excellent accessibility to employment, area amenities, and transportation options. The property is only 3.5 miles north of Warner Center, a major employment center with 10 million square feet of office and industrial space. Major employers in the area include Aerojet/Rocketdyne, Northrop Grumman, Boeing, HealthNet, 21st Century Insurance, Medtronic, Deloitte, Panavision, Farmers Insurance, Anthem, Universal Music Group, and many more. In addition, the Terra Apartments location are walking distance to the Metro Orange Line Nordhoff Station and is in close proximity to the 101 and 118 freeways. The accessibility of the surrounding area has resulted in rental options, such as the Terra Apartments, becoming an increasingly attractive living option and has continued to fuel rent growth.

1616 S Bentley Avenue Westwood - Century City, CA 90025

$15,200,000
18 Units
Status Active
MLS # SR22061736
Property Type Residential Income
Price Type --
The Bentley complex is a three story, wood frame and stucco multifamily property built over gated parking and constructed in 1987, per assessor with approximately 26,990 square feet on a 13,894 square foot lot, zoned LAR3. The units feature high ceilings (Penthouse units 9' per seller), central heat and air conditioning, recessed lights, fireplaces, balcony or patio, french doors, elevator, gated garage parking and laundry. The property is located close to University of Califormia at Los Angeles (UCLA) as well as having easy access to the 405 and 10 freeways. It is walking distance to parks, library, shopping and public transportation. It is also conveniently located approximately 4 miles from the beach, 1.6 miles from Century City and 2 miles to Beverly Hills. Westwood is a beautiful and luxurious part of the Westside of Los Angeles and is surrounded by Century City, Brentwood, Bel Air, Beverly Hills, West LA, Culver City, Santa Monica, Marina Del Rey, Palm, Mar Vista, Rancho Park, Playa Vista, Venice, Playa Del Rey, West Hollywood. The property is near farmer's market at senior center, West LA Civic Center, Barrington Chess Club, University High School, , Mt. Saint Mary, UCLA Medical Center, Westside Pavilion, Century City Shopping Center, Sprouts, Trader Joe’s, Whole Foods, Paul Getty Center, nature mountain hiking. Bentley complex is rated as Walkers Paradise with a 93 Walk Score and good transit. It is also very bikable with a Bike Score of 79. Beyond the potential of the physical plant and the superior location of the property are the outstanding metrics of the offering. In addition, in process is the addition of ADUs. Three studio apartments and the addition of three bedrooms to existing units. Seller is also in the process of condominium conversion - tentative tract map filed. Buyer will receive the benefit of the ADU and Conversion work that has already been completed, but it will be the buyer's responsibility to complete those if desired. Transaction Note: The co-owners are motivated to sell this property. The principals are planning to make a decision regarding offer selection April 15th. Offers will need to be non-contingent at that time to be considered competitive. Target close of escrow date to be June 30, 2022.

19161920 S Robertson Boulevard Los Angeles, CA 90034

$13,000,000
32 Units
Status Active
MLS # 22148073
Property Type Residential Income
Price Type --
The Robertson Opportunity located on 1916-1920 S Robertson Blvd presents an investor the opportunity to acquire a fully vacant, 21,997SF, multifamily asset, situated on a 24,384 LAR3 lot in the WLA community bordering Cheviot Hills, Pico-Robertson and Culver City. City records indicate a total of 32 units were on the site. Formerly an adult care facility, this asset has the potential to be returned back to apartments with the potential to add ADU units. There is an estimated 5,000 SF of improvement not currently allocated to residential use, making for plenty of opportunity to add units and ADU's within the existing structures. Alternatively, one has the potential to build a new multifamily development on the large24,384 SF lot. By using by-right and density bonus criteria one may be able to build 35-50 new units, with the potential to increase the unit count further with the addition of ADUs. In total, due to the tremendous opportunity to add value through renovation or new development, this asset represents a compelling opportunity to build significant equity, generate an out sized yield on cash, all while being very well positioned to capitalize on any inflationary pressure expected to occur in the years ahead.

8444 Columbus Avenue North Hills, CA 91343

$12,500,000
25 Units
Status Active
MLS # 22131865
Property Type Residential Income
Price Type --
Brand new 25 units apartment building with potential for 1 ADU. Building is approximately 30 days from receipt of Certificate of Occupancy. Tenants will enjoy large unit sizes, top of the line finishes and appliances, in unit Washer/Dryers and an amazing 4th floor deck. This building will be delivered vacant, and is located within walking distance to shopping, dining and public transportation.

21018 Gresham Street Canoga Park, CA 91304

$12,150,000
41 Units
Status Active
MLS # SR22099332
Property Type Residential Income
Price Type --
This complex was built 1978, and the certificate of Occupancy was issued after October 1st 1978. This property offers a unit mix of thirteen 1 bedroom/1bath and Twenty eight 2 bedroom/ 2 bath totaling of 32,084 rental able square feet resting on approximately 41,123 of land which is zoned LAR3. This property offers an on-site laundry facility, central A/c and heat and a sparling pool for the tenants to enjoy. This complex makes a great investment for investors looking for no rent control building with potential upside in rent. This building is located just west of Canoga Avenue and East of Desoto Avenue This property offers great location and a short distance from the main boulevards. It’s in close distance to plenty of restaurants shops and, stores.

5505 Zelzah Ave. Encino, CA 91316

$12,000,000
27 Units
Status Active
MLS # SR22041486
Property Type Residential Income
Price Type --
Northmarq is pleased to offer for purchase 5505 Zelzah. The community is located in the highly sought-after Encino submarket of the San Fernando Valley. 5505 Zelzah has been expertly renovated and maintained by current ownership. The community consists of 29 apartment homes (27 existing units + 2 ADU’s currently under construction with certificate of occupancy expected by the end of March 2022). In January 2020, the state of California approved a law to expedite the process for owners of multifamily properties and single family homes to add additional units to their properties. Property owners can now quickly and legally convert existing non conforming spaces such as recreation rooms, storage rooms, fitness centers, and others to legal conforming units. At 5505 Zelzah, there are currently two spaces on the property that have been identified as spaces meeting the criteria for approved additional units. Current ownership has completed the approval process and permits are ready to be issued. Built in 1979, the property offers a strong unit mix of large floor plans consisting of (2) one-bed/one bath units, (15) one-bed/one bath units with den (1) two-bed/one bath unit, and (9) two-bed/two bath units. Renovated units offer stylish finishes, hardwood styled floors, granite or quartz counters, and stainless steel or black appliances. The additional conversion units will be a Single and a One Bedroom/One Bathroom. Resident amenities include a pool, on-site laundry, courtyard, covered parking, storage areas and controlled access entry door and gates. Located minutes drive from the 101 freeway and Ventura Boulevard, residents have quick access to the San Fernando Valley's premier commercial corridor and nearby employment centers. 5505 Zelzah residents, are walking distance to the numerous shopping, dining, entertainment and major employment centers of Encino and Tarzana and over 7,500,000 square feet of office space and 2,300,000 square feet of retail dominate Ventura Boulevard. Encino is a major business district for the healthcare and financial sectors, and is home to approximately 3,800 business employing over 27,000 people. Other nearby employment hubs include Warner Center, Universal City, North Hollywood, Burbank, and Hollywood.

975 S Oxford Avenue Los Angeles, CA 90006

$11,950,000
60 Units
Status Active
MLS # 22146001
Property Type Residential Income
Price Type --
APN's: 5080-008-006, 5080-008-007, 5080-008-008. 975-985 Oxford Ave is a unique investment opportunity to purchase 3 adjacent buildings totaling 60 apartment units. The assets are located in the heart of Koreatown on the corner of S Oxford Ave and Monette Pl providing easy access to Downtown LA and Hollywood. The three buildings total 24,204 SF and features a unit mix of 60 singles, the majority have been recently renovated with vinyl plank flooring, recessed lighting, new stainless-steel appliances, and updated kitchens and bathrooms. At the asking price, the property is being offered with minimal deferred maintenance required and strong in-place cash flow at a 4.53% CAP rate on current income. Additionally, there is a RUBS program in-place and community laundry offering investors significant additional income. High Walk Score of 97, close proximity to schools, employment, and transit options, this location makes it convenient for residents to commute throughout the city even without a vehicle. Koreatown is one of the densest neighborhoods in Los Angeles, with about 120,000 people. With an estimated $1 billion invested in the development of Koreatown since the early 2000s and various development projects taking place, Koreatown remains one of the best areas to invest in.

843 N Alfred Street Los Angeles, CA 90069

$11,900,000
4 Units
Status Active
MLS # 22134167
Property Type Residential Income
Price Type --
An exceptional opportunity for investment and future development, double lot package. Sold together with 849-851 N Alfred Street, in prime location by Melrose Place, presents dual properties on corner lot with ally behind on a huge combined lot size of 14,337 square feet. Open, bright, and completely remodeled, 843-845 is an upscale quadraplex, with each flat containing 2 bedrooms and 2 baths, hardwood floors, quartz countertops, Fisher Paykel stainless steel appliances, central air, and an in-unit washer and dryer. Combined, with 849-851 North Alfred (see MLS# 22-134171), these properties are offered as a package at $11,900,000 and provide the future opportunity for potential development of 34 residences. Rent roll reflects combined for both properties being sold.