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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

$27,495,000
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.

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.

2749 San Marino Street Los Angeles, CA 90006

$14,995,000
85 Units
Status Active
MLS # SR21158726
Property Type Residential Income
Price Type --
The Collection on San Marino Street represents a rare opportunity to acquire two adjacent multifamily investment portfolios totaling 5 buildings and 115 units in central Los Angeles, MacArthur Park. The portfolios may be purchased together or separately. • Portfolio 1: 2737, 43 & 49 San Marino St. is comprised of 3 adjacent buildings totaling 85 units. • Portfolio 2: 2715 & 2723 San Marino St. is comprised of 2 adjacent buildings totaling 30 units. Portfolio 1 and Portfolio 2 have a triplex between them that is currently NOT up for sale. This investment opportunity presents an ideal income property for an investor looking to acquire a value-add opportunity with significant rental upside potential. This description is for Portfolio 1. The apartment buildings stand on (3) adjacent lots with separate APN’s and total 85 units. The buildings were constructed in 1924, 1926 and 1928 totaling 45,099± building square feet on a combined lot size of 20,250± square feet. Zoning is currently LAR4, and the buildings are located in a Transit Oriented Community (TOC), Tier 2 which may allow for a larger redevelopment. Buyer to verify. These extremely spacious units at San Marino average 530± square feet and are comprised of: • (71) Studio + 1 Bath • (10) 1 Bedroom + 1 Bath • (4) 1 Bedroom + 1.5 Bath units Aesthetically, the property grounds and building have been well maintained. + Roofs are well-kept, the vents and pipes are inspected and sealed regularly. + The electric in buildings 2737 & 2743 were completely rewired and have separate meters. + In building 2749 a new water heater and a significant portion of gas line was replaced in 2021. + Buildings 2737 & 2749 have been updated with copper plumbing as needed and building 2743 was completely re-piped in 2017. + All buildings are equipped with security monitoring systems. In addition, 55 of the 85 units have been renovated with new kitchens, bathrooms and laminate plank wood flooring. Highlights: • 3 building, 85-unit portfolio with the opportunity to purchase a neighboring 2 building, 30 unit portfolio! • Unit comprised of: (71) Studio + 1 Bath, (10) 1 Bedroom + 1 Bath and (4) 1 Bedroom + 1.5 Bath • Select buildings have undergone capital improvements including but not limited to, new plumbing, electrical, upgrading system and 55 units out of 85 have been renovated. • Value-Add opportunity with immediate upside in rents. • Located in a Tier 2 Transit Oriented Community (TOC)

15716 Saticoy Street Van Nuys, CA 91406

$14,500,000
42 Units
Status Active
MLS # 21783240
Property Type Residential Income
Price Type --
We are proud to present the Lake Balboa Townhomes, located at 15716 Saticoy Street, Van Nuys, CA, in a very desirable rental pocket of the Lake Balboa neighborhood. This very large 1.05 acre lot has 5 separate buildings on it, and is located on the corner of Saticoy Street and Haskell Avenue. Also, the property does not need any soft story retrofitting, saving the buyer a large cost that many other buildings throughout Los Angeles need.This 42-unit multifamily offering has (41) 2-story townhome units and (1) standard flat unit , and it presents a great unit mix of (30) 1 Bed / 1 Bath units and (12) 2 Bed / 2 Bath units, with the average unit size being approximately 750 square feet. In 2019, the Seller installed washer & dryers into all 42 units (with permits) and completely renovated 31 of the 42 units (74% of the units are renovated). Furthermore, all of the units come with their own wall A/C unit, a personal balcony or patio, carpeted and hardwood floors, walk-in closets, ceiling fans, cable and satellite ready, vertical blinds, and stocked with a full suite of modern appliances. Also in 2019, the Seller spent a significant amount of money renovating many of the major systems, including replacing the roofs with all new shingles and with title 24 compliant cool roof products, upgrading the plumbing, upgrading and replacing the electrical systems, replacing the stairways with new guard railing, all new soffits, and installing 42 new earthquake gas shutoff valves. All of the aforementioned work was done properly with permits through LADBS. Please reach out to us for a copy of the LA permit records.The property offers an array of common area amenities for the tenants including a state of the art fitness center, recently renovated leasing office, ample assigned parking for the tenants and extra spots for guest parking, a picnic area with a BBQ, a dog run, a play area for the kids, and provides the tenants peace of mind security with gated entrances and 24 hour security systems covering the property. The investor who buys this property will have the opportunity to increase the gross rental income by an estimated 20% by increasing the rents on the current units to the max allowed by AB-1482 (5% + CPI), and also by renovating the remaining 11 non-renovated units and re-leasing those at market rates. The buyer can further add value by decreasing the expenses. Since all of the tenants currently have RUBS in their lease, the buyer could receive most of the utility expenses back from the tenants through the RUBS program.Another great value add opportunity for this property is to add units through the new California ADU ordinance. The most obvious and cheapest way to add a couple of units would be to convert the gym and leasing office into ADUs, quickly turning this into a 44 unit property. Mathematically, the new ADU ordinance would allow for a maximum of 12 additional units to be added to this property, however the buyer must consult with their own professionals to determine the most amount of ADUs that can be practically added.Lastly, with this offering's strong in-place income, a qualified buyer/borrower would be able to receive a very attractive interest only loan in the amount of $8.7M (60% LTV) with a very attractive 3.10% interest only rate. With this loan quote that we received from our in-house capital corporation, the buyer would achieve an immediate 6.0% cash-on-cash return on their $5.8M down payment, and have the ability to get their cash-on-cash return over 9.5% in the future by getting all units to market rents and getting the property's expenses down through RUBS.This rare offering is perfect for any investor, whether you are a value-add buyer looking to capitalize on upside potential in rents and add more units through the ADU ordinance, or if you are a passive investor looking for a mostly renovated, easy and inexpensive to manage property with strong in-place income.

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.

412 S Lake Street Los Angeles, CA 90057

$10,495,000
41 Units
Status Active
MLS # 21733070
Property Type Residential Income
Price Type --
The Eleanor is a beautiful 1920s building that has been completely renovated bringing beautiful modern touches to the units while keeping the charm and integrity of the buildings original design. The property features 21,992 square feet of gross rentable area and is composed of 34 studio/one-bathroom units and seven one-bedroom/one-bathroom units.

1130 W 36th Place Los Angeles, CA 90007

$10,200,000
11 Units
Status Active
MLS # 21752080
Property Type Residential Income
Price Type --
We are pleased to present an opportunity to purchase a Brand New 33 Bed/Bath Student Housing Apartment Building located at 1130-1138 W 36th St, Los Angeles, CA 90007. This prime USC Housing property is a 11 Unit Student Housing Development configured as 33 Beds/Baths. The property consists of five 2019 built, three story, walk up duplexes and one SFR. The first floor of each duplex unit includes enclosed tandem parking garage for two cars and laundry. The second floor of each duplex unit includes a bedroom with en-suite bath and a kitchen/living room area. The third floor of each duplex unit includes two bedrooms each with en suite bath. The common areas are furnished.The Project is equipped with modern appliances and features such as Central Heating and AC, Refrigerator, Stove Range Oven, Microwave, Dishwasher, and Washer and Dryer located within the unit. Each Duplex consist of two brand new 3 bed / 3 bath units which also come with some added perks such as Keyless Entry and an enclosed 2 Car Garage attached to each unit. The uniqueness of the project is its location. It is located block away from the USCs West entrance on Vermont and West 36th Place and other local businesses such as Taco Bell, Smart & Final, Super Cuts, Citi Bank, ToGos, and AT&T. Can be purchased individually or as a portfolio. Call for more info!

3500 Chesapeake Avenue Los Angeles, CA 90016

$10,000,000
22 Units
Status Active
MLS # 21779590
Property Type Residential Income
Price Type --
The subject property is a luxury, brand new construction, 22 unit apartment complex. This 2021 constructed building has pristine units, an incredible unit mix and views from most units. The property boasts eight 1 bedroom, 1 bathroom units, four 2 bedroom, 1 bathroom units, nine 2 bedroom,2bathroom units and one 3 bedroom, 2 bath unit. The property has recently begun lease-up and already has 11 units rented. Three units are designated low income. 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. 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, central air and heat and balconies as well as all the modern conveniences of living in a brand new building. All market rate tenants have parking.

14 Westminster Avenue Venice, CA 90291

$9,995,000
24 Units
Status Active
MLS # 21723562
Property Type Residential Income
Price Type --
14 Westminster 24 units sits just one block from the beach and several units have partial or ocean view. The Morrison building has been newly renovated but with all the Venice charm. Excellent unit mix composed of Studio, One Bedroom, Two bedroom units, Penthouse. Renovated apartments have laminate hardwood floor, new kitchen with designer backsplash, spacious bathroom, quartz countertops, lot of cabinets, built-in closets. Easy access to all that Venice has to offer: The Boardwalk, Artists, market, coffee shops, 5 minutes walk to Abbot Kidney or Main Street. It is called Morrison Apartments for reason-rumor has it, Jim Morrison once lived there. Good cash flow, easy to maintain with still value-add and upside potential. Master meters allow rent increase of an extra 2% per year. Check 40 Westminster 18 units for sale on MLS 21-725198. Both buildings 14 an 40 Westminster for sale $17,498,000

1261 Stoner Avenue Los Angeles, CA 90025

$9,000,000
8 Units
Status Active
MLS # 21783476
Property Type Residential Income
Price Type --
We are pleased to present this new construction 8-unit building located at 1261 Stoner Avenue in Los Angeles, California. The Offering sits on 6,998 square feet of land with 11,485 square feet of rentable area and consists of (1) 2 Bed / 2.5 Bath, (3) 3 Bed / 2.5 Bath, and (4) 3 Bed / 3 Bath units.The Subject property is ideally located just blocks from the Wilshire & Bundy intersection and offers ocean views from its rooftop deck. Built in 2019, The Offering requires extremely low maintenance and management as it is constructed with high-end materials and luxury finishes. This environmentally-friendly LEED Platinum apartment utilizes passive design techniques aimed to minimize the energy load, and thus the environmental footprint of its occupants. Coupled with state-of-the-art technology, luxury designer finishes, and an emphasis on community, these timeless living spaces enhance tenant comfort, health, and financial savings.The Offering's remarkable design, plethora of unique amenities, and superior walkability (88 Walk Score) offers residents a living experience unrivaled by any competing properties in the sub-market. Additionally, residents also benefit from the Propertys central location, providing easy access to many of Los Angeles major employment hubs including Santa Monica, Westwood, Century City, and Beverly Hills.With its premier location, stylish architecture, low maintenance/management and highend unit finishes, 1261 Stoner Avenue offers investors a turnkey asset with great returns and appreciation, in one of the best pockets of town.

770 Paseo Miramar Pacific Palisades, CA 90272

$8,880,000
1 Units
Status Active
MLS # 21761534
Property Type Residential Income
Price Type --
TROPHY PROPERTY WITH 5.0 CAP in a AAA neighborhood! Rare opportunity with this incredible income-producing property on a long term lease and generating stable above market rent. PROPERTY IS ON A MULTI YEAR LEASE WITH RENTS INCREASING 3% YEARLY. This meticulously crafted & newer built Architectural home is designed by renowned architect Anthony Zubick, AIA. The gated & private 7 Bed, 9 Bath entertainer's home offers UNOBSTRUCTED OCEAN VIEWS FROM THE QUEENS NECKLACE TO DOWNTOWN. A thoughtfully designed floor plan offers panoramic views from nearly every room. Chef's kitchen featuring Wolf and Miele appliances seamlessly flows to dining & family rooms. Floating staircase leads to 4 bedrooms & a luxurious master wing w/dual closets, wrap around deck & world class master bath. Pocketing Fleetwood doors open to an expansive flat yard w/a full kitchen, pool & spa, fire pit, mature trees, & more. SMART HOME by Crestron. Perfect for a 1031 exchange!