The Hummingbird LA
139 S Occidental Blvd, Los Angeles, CA 90057
$29,000,000
Professionally designed Class A multifamily community completed in December 2024, The Hummingbird LA is an 85-unit, six-story building with a 5-level apartment community over first floor and one subterranean level of parking. This represents a rare opportunity to acquire a December stabilized 2024 construction asset below replacement cost with current income and upside
Offered at an attractive basis of $341,176 per unit and $336 per square foot.
Attractive in-place stabilized, and loss to lease yield profile, featuring a compelling 5.22% in-place cap rate, 5.48% stabilized cap rate and a clear path to a 6.98% loss to lease cap rate through mark-to-market rent growth and operational efficiencies.
Significant embedded rental upside of approximately 19.20%, providing an investor the opportunity to drive NOI growth through continued rent optimization and improved operational efficiency.
Stabilized operations with strong leasing momentum, featuring approximately 94% occupancy, 20.1% positive lease trade-outs, and no leasing concessions, demonstrating the property’s strong market positioning and continued pricing power.
Amenity-rich common areas create additional value-add potential, with a well-appointed lobby, resident lounge, and fitness center that may offer an astute buyer the opportunity to convert portions of the existing common areas into additional dwelling units (ADUs).
Boutique luxury community with top of market amenity package, featuring multiple rooftop decks with panoramic city views, landscaped outdoor gathering areas, resident lounge, fitness center, secured access, electric vehicle charging stations, covered parking, and a commissioned mural by internationally recognized artist David Flores.
Contemporary residences feature premium interior finishes, including quartz countertops, stainless steel appliances, in-unit washers and dryers, luxury vinyl plank flooring, oversized windows, modern cabinetry, and designer kitchens that position the property competitively within the Class A rental market at attractive pricing.
825 S Mariposa Ave
825 S Mariposa Ave, Los Angeles, CA 90005
$2,500,000
Fully entitled 58-unit multifamily development with 14 recreation rooms that will be converted into 14 ADU's on a 13,526.5-square-foot assemblage (823 & 827 S Mariposa Ave) in the heart of Koreatown, approved under Case No. DIR-2024- 4950-TOC-HCA with CEQA clearance via Notice of Exemption ENV-2024-4951- CE.
Entitled for a new 7-story building totaling 58,048 square feet with 58 units, including 6 units reserved for Extremely Low Income households, delivering a turnkey mixed-income project with no additional entitlement risk.
Vacant Land
Leverages TOC Tier 3 density and parking incentives along with AB 2097, eliminating minimum parking requirements while the plans still provide 54 vehicle and 42 bicycle parking spaces.
Located within a half-mile of the Wilshire/Vermont Metro Station and within a designated Housing Element rezoning site, positioning the property to benefit from the city's continued push for transit-oriented multifamily development.
Situated in the Wilshire Community Plan Area and Council District 10, offering proximity to Koreatown's dense employment, retail, and dining corridor as well as easy access to Downtown Los Angeles.
Existing structures have been demolished and the site has been cleared of rent control constraints through a 2022 Ellis Act withdrawal, and the property additionally qualifies as an ED1 Eligible Site, giving a buyer the flexibility to pivot to a 100% affordable program with by-right, ministerial approval if desired.
Roughly 94% of Wilshire Center-Koreatown households rent versus 6% own, with average submarket occupancy near 94% over the trailing three years.
Centrally located in Mid-Wilshire near Downtown LA's employment core, Koreatown is a dense, transit-connected cultural hub known for its 24/7 dining and nightlife scene, proximity to landmarks like LACMA and the Wiltern Theatre, and deep renter demand that anchors the neighborhood's rental market.
121 S Elm Drive
121 S Elm Drive, Beverly Hills, CA 90212
$6,400,000
Charming 1928 walk-up situated at the nexus of Beverly Hills' Golden Triangle, combining historic character with a walk score of 80 and immediate access to the city's most desirable retail, dining, employment, and entertainment amenities.
Master Lease Property offered at an attractive 5.45% cap rate and approximately $400,000 per unit, providing immediate cash flow and low basis in one of Southern California's most resilient rental markets.
Turnkey asset with substantial capital improvements completed within the last five years, including a full electrical system upgrade, new windows, new roof, and recessed lighting throughout, significantly reducing near-term capital expenditure requirements.
Average in-place rents of approximately $2,500 per month are roughly 24% below the Beverly Hills market average of $3,270 per month, providing residents with attainable housing in a premier location while offering investors meaningful long-term rental upside.
Average annual homeownership costs in Beverly Hills are estimated at $222,842, approximately 5.15 times higher than the average annual rent payment of $43,188, supporting long-term renter demand.
Irreplaceable Beverly Hills location, one of the most coveted and supply-constrained multifamily submarkets in Los Angeles, steps from luxury and dining destinations on Wilshire Boulevard, the Golden Triangle, Rodeo Drive, Robertson Boulevard, and along Beverly Drive.
Close proximity to major corporate hubs in Century City, West Hollywood, and Beverly Hills' own thriving business district, adding meaningful appeal for a broad and discerning renter base.
Positioned near the transformative One Beverly Hills development, a landmark luxury mixed-use project projected to exceed $10 billion in value and anchored by the West Coast’s first Aman Beverly Hills, featuring a 78-suite ultra-luxury hotel, private Aman Residences, a 100,000-square-foot Aman Club, luxury retail, destination dining, and expansive botanical gardens that are redefining Beverly Hills’ global luxury profile set to open in 2028.
Slated to open in early 2027, the Beverly Drive Metro D Line Station provides residents with convenient access to Beverly Hills' expanding subway network and direct connectivity to Downtown Los Angeles, Century City, Westwood, and other major employment centers throughout the Westside.
1030 N Orange Grove
1030 N Orange Grove Ave, West Hollywood, CA 90046
$9,250,000
27-units over 31 gated parking spots on a double lot in one of the County’s most dynamic and amenity-rich rental markets.
Excellent basis below replacement cost at $342,593/unit and $377/SF, with a strong day one 6.38% cash on cash return and levered IRR of 23.95%.
Rare positive leverage with a ~25% loss to lease and ~34.5% projected rental upside through a proven value-add renovation strategy.
Desirable assumable financing featuring a 4.48% fixed interest rate, interest-only through November 2029, at approximately 57% loan-to-value.
Affluent surrounding demographics with average household incomes exceeding $156,000 within a three-mile radius, supported by proximity to major employment centers including Beverly Hills, Century City, Hollywood, West Hollywood, and DTLA.
Ideally positioned just steps from Santa Monica Boulevard and the Fairfax District, offering effortless walkability to some of Los Angeles’ most sought-after dining, nightlife, and everyday conveniences, including Whole Foods Market, Delilah, Employees Only, and Laurel Hardware along with easy access to the iconic Sunset Strip and the vibrant Melrose Avenue corridor.
Centrally located within minutes of Southern California’s premier shopping destinations including Melrose Place, Robertson Boulevard, Rodeo Drive, Beverly Center, and The Grove, placing world-class retail, dining, and entertainment at your doorstep.
Significant capital improvements including a new roof, copper plumbing upgrades, new hot water tanks, exterior paint and waterproofing, upgraded elevator cab, new lobby mailboxes, and enhanced landscaping.
Renovations to unit interiors can close the gap of 25% in loss to lease or an additional ~$189,000 annually while further improvements to the common areas such as tenant gathering spaces, laundry room improvements, fitness amenities, pet amenities, and enhanced signage will further enhance returns.
1534 Winona Blvd
1534 Winona Blvd, Los Angeles, CA 90027
$3,600,000
16 units on a prominent corner lot just north of Sunset Boulevard in the coveted 90027 zip code, surrounded by major healthcare and entertainment employers, walkable daily conveniences including Whole Foods, Target, and Ralphs, and some of Los Angeles' most sought-after dining and cultural lifestyle destinations.
Offered at $225,000 per unit and $293 per square foot, providing an attractive basis well below replacement cost.
Stable in-place 5.37% cap rate and 10.83 GRM, with ~10.6% projected rental upside, creating an opportunity for both current cash flow and future income growth.
Positive leverage yielding a going in 5.61% cash on cash return via assumable fixed rate financing at
3.25% through 2028.
Located within the coveted 90027 zip code, offering residents convenient access to Los Feliz, Silver Lake, Hollywood, and Downtown while benefiting from a more attainable rental profile than many competing submarkets.
Surrounded by major employment centers and industry-leading employers including Netflix, Paramount Pictures, Children's Hospital Los Angeles, Kaiser Permanente, Hollywood Presbyterian Medical Center, Los Angeles City College, and numerous entertainment, healthcare, and creative industry firms.
Minutes from some of the area's most acclaimed dining, entertainment, and cultural destinations, including Saffy's, Found Oyster, Friends & Family, Hollywood Forever Cemetery, Griffith Park, Los Feliz Village, and the vibrant commercial corridors along Vermont Avenue and Hollywood Boulevard.
146-150 Douglas Street
146-150 Douglas Street, Los Angeles, CA 90026
$3,750,000
24 units offering city views and immediate access to recreation including Vista Hermosa Natural Park’s open space, community pool, and tennis courts within a quarter mile, while
benefiting from convenient proximity to Downtown Los Angeles and Silver Lake.
Offered at $156,250 per unit and $350 per square foot, providing investors an attractive basis well below replacement cost in one of Los Angeles' most s ought-after urban
neighborhoods.
Stable in-place income offered at a 6.04% capitalization rate and 9.71 GRM, with ~27% projected rental upside, creating an opportunity for both immediate cash flow and future
income growth.
Exceptional positive leverage through assumable financing at 3.25% generating a going in 7.93% cash on cash return.
All tenants currently paying rent with no Section 8 tenancy, split across two lots providing operational efficiencies without the requirement for an on-site resident manager.
Located just minutes from Downtown Los Angeles' largest employment centers and business districts, with convenient access to the 101 and 110 Freeways and the Metro
rail system, providing seamless connectivity to DTLA, Hollywood, Pasadena, Koreatown, Burbank, and other major employment hubs throughout the region.
Surrounded by some of the neighborhood's most popular dining, entertainment, and lifestyle destinations, including Clark Street Diner, Bar Flores, Lowboy, Bacetti, Quarter
Sheets, Canyon Coffee, Echo Park Lake, Dodger Stadium, and Elysian Park.
1400 Venice Blvd
1400 Venice Blvd, Venice, CA 90291
$12,950,000
1988 construction, 31-unit multifamily apartment building located in the heart of Silicon Beach, situated on a prominent corner lot with abundant natural light and not subject to City of Los Angeles rent control
Located just moments from Abbot Kinney Boulevard, one of the premier retail corridors in the nation with some of the highest retail rents in Los Angeles, the property offers an irreplaceable live-work-play location approximately six blocks from the beach with an 85 Walk Score and 85 Bike Score
Residents benefit from common area amenities including a fitness center, an onsite laundry facility, a rare rooftop lounge with 360 views of West LA, and 62 subterranean parking spots, offering a 2:1 parking ratio
13 renovated units feature stainless steel appliances, quartz countertops, dishwashers, in-unit washers and dryers, and modern cabinetry throughout
Well-maintained property with consistent upgrades including a recent elevator update with a completed 5-year load test, and a new roof in 2023
Select units equipped with manufactured wood floors and feature walk-in closets and balconies with mountain or ocean views. All units have wall HVAC in each bedroom and living room.
Opportunity for a Buyer to achieve 13.34% in rental upside through closing the lose to lease. Additional upside available by renovating interiors upon vacancies
Potential to convert the existing storage space into a wine cellar or storage lockers
The Property benefits from a strong renter demographic with an average household income exceeding $220,000 within a one-mile radius, supporting continued occupancy and future rental growth potential
1500 Venice Blvd
1500 Venice Blvd, Venice, CA 90291
$3,350,000
Built in 1985, the Property is a 9-unit multifamily apartment building located in the heart of Silicon Beach, situated on a prominent corner lot with abundant natural light and not subject to City of Los Angeles rent control
Offered at approximately $372k per unit in a non-rent controlled asset, the property presents a compelling value-add opportunity with strong rental upside
Ability for a Buyer to achieve over 29% in rental upside or an additional ~$80,000 in annual NOI through closing the loss to lease. Upgrading the unit interiors to feature stainless steel appliances and in-unit washers and dryers will further enhance returns
Located just moments from Abbot Kinney Boulevard, one of the premier retail corridors in the nation with some of the highest retail rents in Los Angeles, the property offers an irreplaceable live-work-play location approximately six blocks from the beach with an 85 Walk Score and 85 Bike Score
Select units equipped with Caesarstone countertops, manufactured wood floor, private balconies, large closets with ample storage, fireplaces, and wall HVAC in each bedroom and living room
Residents benefit from an onsite laundry facility, charming center courtyard, and 15 gated parking spots, boasting a parking ratio of1.67 spaces per unit
The Property benefits from a strong renter demographic with an average household income exceeding $220,000 within a one-mile radius, supporting continued occupancy and future rental growth potential
Gramercy Place
300 S Gramercy Place, Los Angeles, CA 90020
$8,200,000
First time on the market in over 15 years, this well maintained multifamily asset offers a compelling unit mix of twenty one (21) one bedroom residences and twelve (12) two bedroom residences, featuring generous layouts ranging from approximately 700 to 900 square feet
Offered below replacement cost at $248,485 per unit and $260 per square foot, positioning the property as a rare, irreplaceable investment opportunity in a supply constrained submarket
Significant rental upside of approximately 20%, with the ability to enhance returns from a 5.5% in place cap rate to an attractive 7.1% pro forma cap rate, achieving a compelling 8.4 GRM upon stabilization
Existing assumable financing with an outstanding balance of $4,050,000, featuring a 3.49% interest only fixed rate, and a 30-year term with 3 years remaining on the current interest rate providing investors with stable, below market debt
Irreplaceable corner lot location on a 14,584 square foot parcel at the coveted border of Hancock Park and Koreatown, seamlessly blending neighborhood character with premier urban connectivity
Modern, light filled residences featuring stainless steel appliance packages (refrigerator, stove/oven, dishwasher, and built in microwave), wood flooring, walk in closets, sliding glass balcony doors, updated bathroom vanities, and wall mounted air conditioning units
Upper floor units command premium views, with select third and fourth floor residences offering tree lined neighborhood outlooks and distant Hollywood Hills vistas, enhancing tenant demand and rent potential
Substantial capital investment completed, with 23 units remodeled to include hardwood or vinyl plank flooring, granite countertops, contemporary fixtures, upgraded kitchens and bathrooms with new tile and cabinetry, allowing a new owner to capitalize on prior improvements
Park Terrace Apartments
504 S La Fayette Park Pl, Los Angeles, CA 90057
$10,800,000
First time on the market in 15+ years, this three story, 51 unit, 1979 Vintage, wood frame property totals 40,632 SF on a 20,685 SF lot, with individual metering and 100 secured underground parking spaces accessible from east and west entrances
First time offered for sale by a long-term, institutional quality ownership group transitioning back to industrial assets. Offered below replacement cost at $211,000 per unit and $266/SF, the property provides 25%+ upside potential, currently priced at a 5.25% cap rate and 10.0 GRM
Existing assumable financing with an outstanding balance of $4,316,000, featuring a 3.49% interest only fixed rate, and a 30-year term with 3 years remaining on the current interest rate providing investors with stable, below market debt
Mid-century modern–influenced mid-rise apartment building featuring open kitchens with white cabinetry, granite countertops, white or stainless-steel appliances, partial breakfast counters, and flat panel upper and lower cabinets
Bright, large open units with abundant natural light, private balconies, sliding patio doors, open floor plans, wood flooring, and wall mounted AC units
Functional bathroom layouts with tub/shower combinations, sliding doors, exhaust fans, and a recessed hallway vanity with built in cabinetry and sink
Well maintained building systems, including a regularly serviced elevator, new roof installed in 2023 under warranty, upgraded electrical panels, and new boilers as of 2020 and 2023
San Palma Apartments
238 S La Fayette Park Pl, Los Angeles, CA 90057
$3,350,000
First time on the market in 15 years, presenting a rare opportunity to acquire an 18-unit, 1967 vintage, 18,093 SF stabilized multifamily asset on highly coveted Lafayette Park Place, one of Los Angeles’ most desirable residential streets
Offered well below replacement cost at $186,111 per unit and $185 per square foot, positioning the property as a truly irreplaceable long-term hold in a supply constrained urban infill location
Highly attractive investment metrics, featuring a 9.4 Gross Rent Multiplier, approximately 28% rental upside, and the ability to enhance returns from a 5% in place cap rate to a projected 7.66% cap rate and 7.0 GRM
Existing assumable financing with an outstanding balance of $1,092,000, featuring a 3.59% fixed interest rate, and a 7‑year term with 3 years remaining, providing investors with stable, below‑market debt
Spacious, thoughtfully designed units with no stacked layouts, offering superior livability and featuring abundant natural light, stainless steel appliances (refrigerator, dishwasher, stove/oven, built in microwave), wood flooring, open kitchens with granite countertops, slab style cabinetry, and integrated hallway storage with upper and lower cabinets, and on-site laundry providing consistent tenant convenience and dependable ancillary income
Exceptionally bright residences highlighted by floor to ceiling windows and sliding patio doors, expansive private balconies, dark wood flooring, wall mounted air conditioning, generously sized bedrooms with full height built in closet swing doors
Pool currently drained and covered to reduce operating expenses, unlocking a compelling value add opportunity to potentially repurpose the area for ADU development without compromising parking or existing amenity spacing
419 S. Spring Street
419 S. Spring Street, Los Angeles CA, 90013
Open Bid
Fee Simple Sale of a 13-story asset with 78 feet of street frontage with RTI plans to develop 180 keys for under $100,000/Key
122,000 SF landmark building mid-construction with irreplaceable architecture, open floorplates, and strong adaptability for hotel, mixed-use, or experiential hospitality concepts
Offers a 30%+ levered IRR, driven by an attractive basis, low initial acquisition cost, and RTI plans
Previous owner spent over $50MM in pre-development costs
Property has secured $2.5m in key money from Hilton Tempo
Operations are expected to benefit from heightened tourism and event activity leading up to and during the 2028 Los Angeles Olympics, with major host cities historically experiencing 2–4 years of elevated hotel performance post-Games due to increased international visibility and long-term tourism momentum
Walking distance to the Broadway corridor, Pershing Square Metro, restaurants, nightlife, and major DTLA capital investments , supporting continued demand and long-term value creation
Food and Beverage options will be featured in the lobby restaurant with an attached mezzanine bar/lounge. Guestrooms are located on 2-12 floors
UCLA has just occupied 100 staff in the Trust building next door to 419 and will the full campus activated in a year
Topaz Tower
222 West 6th Street, San Pedro, CA 90731
Open Bid
Fully entitled and featuring a rare vertical format, the property presents a unique opportunity to deliver one of the few high-rise residential conversions in a tightly supply-constrained market, with ocean views, abundant natural light, and flexible floor plan layouts
The property’s ±25,000-square-foot floor plates, 13.5-foot ceiling heights, and a center-core elevator bank support efficient adaptive reuse or owner-user occupancy
Distressed opportunity offered at below replacement cost pricing, at $100k per door and under $90 per square foot for vacant office space
Project can be executed in two phases, allowing for continued parking and retail income generation during Phase 1 residential construction. Phase 2 offers potential for 150-160 additional units above an existing income-generating parking lot, enhancing long-term value
Opportunity for preferred or junior venture equity investment projecting a 24% return on investment over a 10-year hold with a 7% stabilized yield-on-cost
Just two blocks from the $1 billion West Harbor redevelopment, a major entertainment and dining destination set to transform the LA waterfront
Positioned within a designated Qualified Opportunity Zone, providing investors the potential for significant tax advantages.
Located in the heart of San Pedro’s revitalized downtown and culturally rich Little Italy neighborhood, offering exceptional walkability to restaurants, retail, and waterfront amenities
Positioned to capture long-term upside in one of Southern California’s most distinctive and rapidly growing urban waterfront communities
Average household income of $107,047 and average home value of $944,635 within a three-mile radius of the property.
Excellent regional connectivity via the 110, 710, and 405 freeways, and Metro’s J Line rapid transit
120 Westminster Avenue
120 Westminster Avenue, Venice, CA, 90291
$4,800,000
Rare 21-unit multifamily investment located in the heart of Venice Beach, just steps from Main Street and Abbot Kinney Boulevard
Ideally situated two blocks from Windward Avenue and the iconic Venice sign, surrounded by premier restaurants, cafés, and nightlife including Great White, Belles Beach House, Townhouse, Gran Blanco, and Ggiata Delicatessen
First time on the market in 25 years, the property is competitively priced at $180,952 per unit plus a $1M adjacent parking lot development
Asking rents in the submarket are projected to increase by 18.85% over the next five years, with average occupancy rates of 95.8% over the past five years
The building offers a 5.15% in-place cap rate to be a 10.04% pro forma cap rate; when combined with the adjacent parking lot priced at $1M and a 21% projected return on cost, the total investment offers a 7.27% pro forma cap rate
The adjacent 2,401-square-foot parking lot, to be sold together with the building, offers a valuable opportunity for an investor to develop two additional townhome residential units or a duplex with a yield to cost of 6.5%. In the meantime, the lot can generate steady income through individual parking leases or by renting the entire space to a nearby high-end retailer, given the strong local demand for parking
Property features a consistent unit mix of (13) studios, (7) one-bedroom, one-bath, and (1) one-bedroom, one-bath with a loft
Rated a "Walker’s Paradise" and "Biker’s Paradise" with a Walk Score of 98 and Bike Score of 100, the property offers unparalleled access to beach paths and a year-round outdoor lifestyle
20 Brooks Avenue
20 Brooks Avenue, Venice, CA, 90291
$5,600,000
Rare 18-unit multifamily investment located just one block from the beach in the heart of Venice
Ideally situated steps from the infamous Abbot Kinney Boulevard, home to many of Los Angeles' most popular restaurants, cafes, and boutiques, including Gjelina, Erewhon, Barrique, Felix Trattoria, RVR, and The Butcher's Daughter
Competitively priced at $311,111 per unit, with an in-place cap rate of 5.48% and the opportunity to achieve a 7.64% pro forma cap rate
Submarket asking rents expected to rise 18.85% over the next five years
Employment population of 273,315 within a five-mile radius
Average annual mortgage payment in Venice ($112,180) is nearly 3.5 times higher than the average annual rent payment ($33,924), fueling strong demand for rental properties in the submarket
Submarket occupancy averaged 95.8% over the past five years
First time on the market in 23 years, presenting a rare opportunity to acquire a turnkey asset in the prime Venice Beach
Residents benefit from a rooftop deck with panoramic ocean views, a community laundry room, and 1 parking spot
Diverse unit mix consisting of (9) studios, (7) one-bedroom, one bathroom, and (2) two-bedroom, one-bathroom floor plans
Boasting a Walk Score of 94 and a Bike Score of 100, the property is just one block from the Venice Boardwalk, offering residents direct access to a year-round outdoor lifestyle
1942 Euclid Street
1942 Euclid Street, Santa Monica, CA, 90404
$3,550,000
15-unit property totaling 8,822 square feet, ideally located one mile from the beach and Main Street in prime Santa Monica
First time on the market in 18 years, presenting a rare opportunity to acquire a well-located, historically highly occupied asset with upside
Competitively priced below replacement cost at $402 per square foot and $236,667 per unit
Opportunity for an investor to achieve a 8.57% pro forma cap rate
The property’s average rent of $1,536 is significantly below the submarket average of approximately $3,800, offering an astute investor the opportunity to acquire affordable housing with exceptional upside potential
Average asking rents in the Santa Monica submarket are currently $3,839 and projected to grow by 4.27% over the next three years
Average annual mortgage payment in Santa Monica ($103,297) is nearly 2.75 times higher than the average annual rent payment ($37,536), fueling strong demand for rental properties in the submarket
Residents benefit from a rare roof deck with ocean views, community laundry room, and 15 covered parking spaces
Recent capital improvements include new electrical panels completed in 2025, a new roof installed in 2024, and completed soft story retrofit
Ideally located steps from Santa Monica College, which enrolls over 26,000 students and employs nearly 2,000 faculty members, the property benefits from strong rental demand driven by the college's lack of on-campus housing
LORE LA
336 E Hillcrest Avenue, Inglewood, CA, 90301
Open Bid
Limited Class-A product in the immediate area presents strong opportunity to achieve rental growth and attract tenants with disposable incomes
Recognized landmark by the City of Inglewood, with approved special use permits for the roof-top event space
Increased foot traffic expected from nearby world-class events will drive visitors to the neighborhood (FIFA World Cup 2026, Super Bowl 2027 & Olympic Games 2028)
Two restaurant suites, including a café and a full-service restaurant, offer a diverse food and beverage program with pastries, wine, American-style dinner menu, and space for private events, live music, and comedy shows
Fully entitled with construction drawings completed, permits approved, and 70% development currently underway
Investor potential to generate nearly $2M in revenue through rooftop event space, Wow Media billboard, fitness center partnership, and a T-Mobile cell tower
currently generating $48,000 annuallyStrategic partnerships with celebrity chef Johnene Breaux, renowned fitness trainer Corey Calliet, and premier event operator Capture Studio Group
Exclusive “Type 47” liquor license acquired from the Hard Rock Hotel, enhancing value and event-hosting capabilities (License acquired for ~$100K during the pandemic; Current costs are upwards of $375K
Among other neighborhoods, Inglewood remains a family-centric community, with an array of activities available to locals and residents alike. This top-tier city highlights a varied list of landmarks, including concert and venue centers—SoFi Stadium, Intuit Dome, The Forum, Randy’s Donuts, California Science Center and Hawthorne Aquatic Center. Nearby residents may also take part in leisurely activities a few miles away at Manhattan, Hermosa and Redondo Beach piers
Bayfair Apartments
16077 Ashland Ave, San Lorenzo, CA 94580
$34,500,000
Bayfair Apartments presents a rare opportunity to acquire a well-maintained, extensively renovated 135-unit property below replacement cost at $255,556 per unit and $353 per square foot
The property is offered at a strong in-place cap rate of 6.00% to be a pro forma cap rate of 7.33% with 14.9% upside
Situated on a 4.39-acre lot with a rare 2:1 parking ratio (270 spaces) and potential for Accessory Dwelling Unit (ADU) development in the underutilized Northwest corner of lot
Many units are updated with simulated wood flooring, stainless steel appliances, granite counter tops, and updated fixtures, further operational upside remains through rent growth and unit modernization
Investor opportunity to improve income by closing 11.21% of loss-to-lease, with additional upside allowing an investor to capture a 15.43% mark to market through unit renovations
Submarket rent growth projected to rise 16.6% over the next five years
The average household income within a five-mile radius is $138,822— representing just 17% of income going towards in-place rents at Bayfair Apartments—and is projected to grow 18.1% over the next five years
Centrally located in Alameda County, San Lorenzo offers direct access to Highways 238, 880, 580, and 680 and is within a mile of the Bayfair BART Station, providing seamless connectivity to San Francisco, Oakland, San Jose, and Silicon Valley—home to major employers including Salesforce, Google, Apple, Facebook, and Tesla
1941 White Ave
La Verne, CA 91750
1941 White Ave sits on a large, 5-acre development site located on a corner lot in Los Angeles County, on the metro adjacent to the core Inland Empire between Montclair and Pomona
Priced at an attractive basis of $40,872/unit and $72/sq ft
Fully Entitled Property has been approved for 323 market-rate units, 44 Section 8 units, and 1,588 square feet of additional retail space
The Owners hired Architects Orange, MJS Landscape Architecture, and Fuscoe Engineering to develop full scope Architectural Plans, featuring 367 units, 6,275 square feet of community amenities, 1,588 square feet of retail space, 63,848 square feet of common open space, and 511 parking spaces
Situated within five miles of numerous prestigious universities, including the five Claremont Colleges, Cal Poly Pomona, La Verne University, and Western University
Convenient location steps to LA metro line slated to open in early 2025 and a 5-minute drive to the I-10 freeway, connecting to major employment hubs in Greater Los Angeles Area
Projected Rent Increase indicates La Verne asking rents expected to rise by 11.5% over the next five years
High Tenant Demand with submarket occupancy averaging nearly 99% over the last three years
3864 Inglewood Blvd
Los Angeles, CA 90066
$4,150,000
Renovated 10-unit, 2-story apartment building in West Los Angeles with 15 parking spaces—updated with brand-new plumbing, electrical and windows
In-place cap rate of 5.01%, with below market assumable financing at 3.35% fixed for the next two years, providing an investor with positive leverage and immediate cash-on-cash of 4.72%
Consistent unit mix of 10 one-bedroom floorplans, with one unit boasting its own private terrace
An astute Buyer can capture additional upside by adding 2 ADUs in the existing parking lot
All units are equipped with newly refinished hardwood floors, large closets, wall HVAC, stainless steel appliances, updated bath and kitchens, and in-unit washers and dryers
Surrounded by known tech hubs of Culver City and the “Silicon Beach” cities of Santa Monica, Venice and Playa Vista
Direct access to shopping and dining destinations in Los Angeles, from world renowned Abbot Kinney in Venice and Century City Westfield Mall to nearby Brentwood and Santa Monica
Submarket asking rents expected to rise 21% over the next two years
The average household income within a three-mile radius is $164,324
Ives Apartments
1620 Ives Avenue, Oxnard, CA 93033
$5,000,000
1620 Ives Avenue occupies nearly 3-acres of prime land just off the coast in Oxnard, California
Priced at a compelling basis of $64,103 per unit and $40 per square-foot
The land is fully entitled, with plans stamped and approved to develop a 78-unit apartment complex comprised of 24 one-bedroom and 54 two-bedroom floor plan
Close proximity to Port Hueneme Beach, the Camarillo Outlets, and major employers like Procter & Gamble
Just a quick 10-minute drive to the 101 freeway, offering easy access to major suburban areas like Los Angeles and Santa Barbara in either direction
Oxnard asking rents have increased a cumulative 17.3% over the past 3 years and are expected to steadily increase ~3% YoY for the next five year
Submarket vacancy has decreased 3.3% over the past 12 months
Despite the location’s desirability for affordable housing options, there have been under a thousand units built since 2018, and ~100 deliveries are forecasted to be completed in the next 5 years
Calabasas Tech Center
26520-26672 Agoura Rd
Calabasas, CA 91302
Unpriced
Rare 20.16-acre site, 878,313 SF, currently operating as seven existing high-class office buildings perfectly positioned for a covered land redevelopment into mixed-use multifamily.
The owners hired Egan Simon Architecture to conduct a full-site yield analysis outlining the four most probable scenarios showing potential to build 484 – 871 residential units with 150,000 SF of commercial space and 524,739 – 819,749 GBA.
The site is currently unentitled, leaving the Buyer flexible to explore all profitability avenues with vast potential for site use with no existing multifamily to teardown.
This one-of-a-kind property, through a two-phase development, can be delivered with four buildings fully vacant by the time developers break ground with the qualified, rent-paying, remaining short-term tenants generating gross income cash flows upward of ~$3.4 million throughout entitlements and initial construction.
With below-market assumable financing of $33 million dollars at 4.858% maturing in December of 2026, it allows a Buyer the opportunity to lower their equity requirement before breaking ground after granted permits.*
There has been no notable development in the area over the past 12 months, and apartment inventory remains almost unchanged from five years ago—despite being one of the most highly desirable places to live in Southern California.
Calabasas is surrounded by affluent housing communities, such as Hidden Hills, where the median home sale price is $12M—multifamily housing would provide an affordable living option for students and young families that are unable to meet the high cost of living in the area.
The City of Calabasas’ 2021-2029 Regional Housing Needs Allocation (RHNA) calls for the development of 354 total units, part of a Land Use Plan to transition to a mix of office, retail and residential uses, with the intention of creating a “village ambiance and a strong sense of place.” Calabasas Tech Center is located at the heart of West Village, one of the three distinct areas designated for this transition.
As of this year, Pepperdine University has experienced an on-campus housing shortage, leaving over 2,400 students to find off-campus housing in a market where housing expenses are 630% higher than the national average—increasing the demand for alternative housing options.
*Subject to lender approval