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
2820 S. Sepulveda Blvd
2820 South Sepulveda Boulevard, Los Angeles, CA, 90064
$4,500,000
21-unit courtyard-style property situated on a large 0.25-acre lot in West Los Angeles, just minutes from the major employment and lifestyle hubs of Culver City, Beverly Hills, Century City, and Westwood
First time on the market in 24 years, offering investors the rare chance to acquire a historically very well occupied asset with upside
Competitively priced below replacement cost at $214,286 per unit, offering investors a 4.99% in-place cap rate to be a 9.14% pro forma cap rate
Average asking rents in the West Los Angeles submarket are currently $2,883 and projected to grow by 22.5% over the next three years
Residents benefit from a center courtyard style layout, 21 on-site parking spaces, and a community laundry room
Recent capital improvements include newly upgraded electrical panels in 2025 and a completed soft story retrofit
Opportunity for an astute investor to increase rental income through the development of five Accessory Dwelling Units (ADUs)
Ideally located near the intersection of the I-10 and I-405 freeways, providing residents with convenient access to all of Greater Los Angeles and within 10 minutes of Westside attractions including the Culver Steps, Penmar Golf Course, and Little Osaka
Located within three miles of the world-renowned University of California, Los Angeles (UCLA), which enrolls over 48,000 students and employs nearly 4,000 full-time faculty, fueling strong off-campus rental demand in the submarket
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
Oviatt Apartments
1315 S. Flower Street, Los Angeles, CA, 90015
Open Bid
117-unit plus commercial retail, 42,136 SF mixed-use investment featuring a diverse unit mix, priced competitively at below replacement costs, the property offers a 7%+ cap rate for market-rate investors and exceeds a 9% cap rate when structured with a non-profit partner.
Approximately 70% of the units (82 rooms) are secured under a master lease through February 3, 2029, significantly reducing lease-up risk and providing stable cash flow from acquisition. The lease includes a 6% rent increase in Year 1, with subsequent annual increases governed by the Los Angeles Rent Stabilization Ordinance, as determined by the City Council. The agreement also includes an option to absorb additional units as conventional tenants vacate, further enhancing long-term income stability.
The strategically positioned LAC4 zoned site allows a significant future development from its location in an Opportunity Zone and the revised Downtown Community Plan which encourages greater density within transit community neighborhoods by 2040.
LAC4-zoned 11,671 SF corner lot located in an Opportunity Zone, benefits from the revised DTLA Community Plan Density Bonus.
Ownership implemented over $1 million in comprehensive renovations, including all-new flooring, paint, fixtures, selective plumbing and electrical upgrades, and roof maintenance.
Positioned in coveted South Park neighborhood of DTLA, one block from LA Convention Center, Crypto.com, Restaurants, Employment Centers, and Transportation Hubs.
Property competitively priced below recently appraised value.
High visibility property benefiting from ± 36,791 Average Annual Daily Traffic.
6445 W. Sunset blvd
6445 W. Sunset Boulevard, Los Angeles, CA, 90028
Open Bid
Permits Ready-to-Issue for a 13-story, 175-room hotel with above-ground parking
The project will rise to approximately 173 feet with a total floor area of 59,655 square feet, reflecting a 6:1 FAR. The project includes 12,500 square feet of food and beverage uses, a mix of indoor and outdoor dining environments, and 72 on-site parking spaces
distributed across four above-grade levels and a basement.Prominent Sunset Boulevard frontage offers significant branding exposure, ideal for a flagship hospitality concept or boutique lifestyle brand
Prime Hollywood location on Sunset Boulevard, adjacent to the iconic Hollywood Walk of Fame, Hollywood Palladium, and surrounded by a vibrant mix of hotels, retail destinations, and entertainment venues
High visibility property benefiting from a ± 39,610 average annual daily traffic
Tourists remain drawn to the area’s iconic attractions—Rodeo Drive, the Walk of Fame, The Getty, The Grove, and major studios—as well as nearby institutions like UCLA (nearly 45,000 students) and the L.A. Zoo.
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.
412 N. Oakhurst drive
412 North Oakhurst Drive, Beverly Hills, CA 90210
$15,000,000
Prime 0.3-acre site located on one of the most desirable residential blocks in Beverly Hills, north of Burton Way and walking distance to the Golden Triangle, Rodeo Drive, and Melrose Avenue
Fully entitled through a dual municipality of Beverly Hills and Los Angeles for a eight-story, 52-unit luxury multifamily development, with the potential to add 4 Accessory Dwelling Units (ADUs)
Potential to achieve a competitive 6.5%+/- untrended yield to cost on a high-end apartment building with approved development plans
Proposed unit mix includes luxury studio, one-bedroom, two-bedroom, and three-bedroom residences, offering a prime opportunity for a condominium execution with a projected return on cost exceeding 20%, supported by strong demand for luxury housing in the pocket
Submarket asking rents expected to rise 16.71% over the next five years
The average household income within a one-mile radius is $168,184 within a three-mile radius
Ideally located just 1.2 miles from Rodeo Drive, one of the most exclusive retail destinations in the world, known for iconic restaurants, nightlife, and entertainment
Situated within walking distance of West Hollywood's Melrose Avenue and Melrose Place, which is filled with trendy boutiques, restaurants, and coffee shops, including Olivetta, Great White, Craig's, Cecconis, Gracias Madre, The Butcher's Daughter, Verve Coffee Roasters, Toteme, Byredo, and James Perse
801 26th St
801-811 26th St, Santa Monica, CA 90403
$5,250,000
Rare multifamily opportunity located on a prime corner double lot on highly sought-after Montana Avenue
Charming bungalow style building on market for the first time in 25 years
On the market for the first time in 25 years, the property is competitively priced at a 4.47% in-place cap rate to be a 6.33% pro forma cap rate
Units feature hardwood floors, dual entrances, dining rooms, and abundant natural lighting—select units offer renovated kitchens and baths, semi-private patios, in-unit washer and dryers, recessed lighting, and upgraded appliances
Submarket asking rents expected to rise 16% over the next five years
The average household income within a one-mile radius is $201,652
Ideally located in Santa Monica, just minutes from Silicon Beach, a thriving technology hub with major employers including Snap Inc., Hulu, and Activision Blizzard, while being close to the growing technology and media scene in Santa Monica, home to companies such as Google, TikTok, and Lionsgate
Prime location on the bustling Montana Avenue, filled with upscale dining and boutique shopping, and walking distance to the Brentwood Country Mart, featuring luxurious shops, cafes, and restaurants, and Wilshire Boulevard, home to a plethora of grocery stores including Erewhon, Bristol Farms, Trader Joe's, and Whole Foods
Coral Gardens Apartments
601-605 Sorenson Ave, Hayward, CA 94544
$23,000,000
Coral Gardens, located in Hayward in the heart of the East Bay, features 103 units priced below replacement cost at $223,301 per unit
Offering immediate positive leverage with an in-place cap rate of 6.13% to be a 7.28% pro forma cap rate with 16.54% rental upside through unit renovations and light value-add improvements
Rare opportunity to acquire a well-maintained property on a 2.5-acre site in Hayward with excellent connectivity throughout the Greater Bay Area
Submarket asking rents expected to rise 16.6% over the next five years
The average household income within a five-mile radius is $155,192— representing under 15% of income going towards in-place rents at the property—and is projected to grow 16.6% over the next five years
Located just one mile from the South Hayward BART station with direct access to Highways 238, 880, 580, and 680, providing seamless connectivity to San Francisco, Oakland, San Jose, and Silicon Valley and minutes from California State University, East Bay
Centrally positioned 20 minutes from Downtown Oakland, 40 minutes from San Francisco, and 45 minutes from Silicon Valley with proximity to major employers including Kaiser Permanente, Clorox, Salesforce, Twitter, Google, Apple, Meta, and Tesla
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
11418 Missouri AVe
11418 Missouri Ave, Los Angeles, CA 90025
$18,750,000
Brand-new 44-unit property, 2025 construction, priced at an attractive $426,126 per unit in one of the highest resource zones in the U.S., two blocks from Sawtelle Boulevard
Offered at a strong stabilized 7.44% cap rate upon Section 8 lease-up
June 2025 completion date provides the opportunity to be delivered vacant for various master-lease options or with a proposed lease-up expected within 90–100 days
The 100% affordable property is deed-restricted with (1) very low, 50% AMI unit, (35) low, 80% AMI units, and (7) moderate, 100% AMI units, offering an astute buyer the opportunity to rent to the expansive list of Section 8 residents to achieve rents 54% above the deed-restricted rents and take advantage of outsized returns and government-backed rents
Renters occupy 78% of housing units within a one-mile radius
Prime location in the vibrant Sawtelle neighborhood of West Los Angeles, just minutes from the thriving technology and entertainment hubs of Silicon Beach, home to industry leaders like Sony Pictures and Hulu
Situated just two blocks from Sawtelle Boulevard, offering convenient access to an array of popular dining and shopping destinations, including Tsujita LA, Hiko Steakhouse, Kiriko Sushi, The Tasting Kitchen, and Ramen Jinya, as well as additional upscale options in Century City, Westwood, Brentwood, Culver City, and Beverly Hills
zag apartments
1750 Glendale Blvd, Los Angeles, CA 90026
Open Bid
Constructed in 2022, ZAG Apartments offers condominium quality construction in the heart of Echo Park—featuring 70 units and 86 parking spaces across 68,269 square feet
Competitively priced below replacement cost at under $450 per square foot and pricing guidance of a low 5% in-place cap rate to be a nearly 7% pro forma cap rate
Built by an internationally acclaimed home builder, with potential to achieve north of a 20% return-on-cost through a condominium conversion exit
Meticulously designed units showcase premium features including spacious 9-foot ceilings and 7.5-foot doors, large patios, central air conditioning, Honeywell smart WiFi systems, Kentwood luxury vinyl plank flooring, white roller window shades, full-sized smart GE laundry, CAFE designer kitchen appliances, under-cabinet kitchen lighting, and Kohler kitchen and bathroom hardware
Residents enjoy an exceptional array of luxury community amenities, including a dramatic double ceiling lobby with work-from-home stations, fully-equipped fitness room, convenient parcel lockers, electric vehicle charging stations, a private central courtyard with seating, and a fifth-floor Sky Deck featuring a BBQ area and stunning views of Downtown Los Angeles
Submarket asking rents projected to increase 24.6% over the next five years
Median home prices in Echo Park, Los Feliz, and Silver Lake are approximately $1.2 million, $1.7 million, and $1.5 million, respectively, reflecting the strong demand and desirability of these submarkets
Ideally positioned within walking distance of the Silver Lake Reservoir, just 6 minutes from bustling Silver Lake and 10 minutes from Los Feliz, featuring trendy restaurants, specialty shops and Barnsdall Art Park
2627-2639 3rd street
2627-2639 3rd St, Santa Monica, CA 90405
$4,350,000
Exceptionally remodeled units on a large 8,407 square foot corner lot with high ceilings and ocean views from select units
Recently renovated in 2023, the property features new copper plumbing and electrical, recessed lightings, in-unit washer and dryer hookups, and remodeled kitchens and bathrooms
Property to be delivered vacant* at a stabilized 6.75% cap rate
Diverse unit mix includes (5) one-bedroom, one-bathroom units, (1) two-bedroom, one-bathroom unit, (2) two-bedroom, two-bathroom units, and (1) three-bedroom, two-bathroom unit
Opportunity for investor to achieve a 7.37% stabilized cap rate with the addition of two Accessory Dwelling Units (ADUs) above the current garages
Submarket asking rents expected to rise 16% over the next five years and the average household income within a three-mile radius is $182,092
Located two blocks from Main Street, the property provides convenient access to a vibrant selection of renowned restaurants and nightlife spots, including Seline, Crudo e Nudo, Pasjoli, Cobi's, Jameson's Pub, The Victorian, and Urth Caffe, and is just a mile from Abbot Kinney, Boulevard, known for its upscale dining and shopping and recognized as "The Coolest Block in America" by GQ Magazine
Ideally located in Santa Monica, just minutes from Silicon Beach, a thriving technology hub with major employers including Snap Inc., Hulu, and Activision Blizzard, while being close to the growing technology and media scene in Santa Monica, home to companies such as Google, TikTok, and Lionsgate
* Contact listing broker for details.
2301 S Cloverdale Ave
2301 S Cloverdale Ave, Los Angeles, CA 90016
$5,850,000
Built in 2019, the 5-unit multifamily investment opportunity spans 10,288 square feet in prime West Adams District, located in an Opportunity Zone and less than a mile from popular West Adams Boulevard
To be delivered vacant, the property features (5) 6-bedroom, 6.5-bathroom units each spanning 2,000 square feet with the option to be sold fully furnished offering opportunity for leasing as complete townhouses, co-living, and other high-demand housing needs
Not subject to Los Angeles rent control, the property is competitively priced at $5,850,000, with the property at $5,500,000 and furnishings at $350,000, offering a 6.35% cap rate unfurnished and 7.20% furnished
Competitively priced at over $200 per square foot less than neighboring condominiums, providing an opportunity for an investor to achieve an approximate 20.22% yield through a Tenancy in Common (TIC) conversion
Consistent unit mix of 6-bedroom floor plans featuring renovated kitchens and bathrooms, stainless steel appliances, in-unit washer and dryers, air conditioning, and polished concrete and hardwood flooring
Recently constructed, the property offers a spacious shared rooftop deck and has low maintenance costs, with no pool or elevator
Approved plans for a one-bedroom garden apartment ADU with a main entrance door on Cloverdale
Submarket asking rents projected to rise 14.45% over the next five years and occupancy averaged 96.12% over the past five years
Prime location located less than a mile from West Adams' Blvd trendy dining scene, featuring standout restaurants like Chulita, Alta Adams, Farmhouse Kitchen, Cento Pasta Bar, Mizala, and Tartine West Adams, along with othe nearby staples including Pasta Sisters, and Highly Likely
15 paloma Avenue
15 Paloma Ave, Venice, CA 90291
$18,900,000
Rare 58-unit center courtyard multifamily investment spanning 35,066 square feet on an 11,700-square-foot corner lot on a coveted walk street one block from prime Ocean Front Walk
Competitively priced at $325,862 per unit and $539 per square foot, with an in-place cap rate of 5.00% and 22.8% potential upside
First time on the market in 32 years under the same ownership, this irreplaceable trophy asset represents a rare Venice Beach investment opportunity
One of only ten 50+ unit properties in Venice, and one of just five located west of Pacific Avenue
Premium units offer panoramic Pacific Ocean views and western and corner units offer scenic views of the oceans and mountains
Thoughtfully designed 570 sq ft junior one-bedrooms include spacious kitchens with charming tile countertops and stainless steel appliances, space-saving Murphy beds, and many units include walk-in closets and living areas with nooks for dens or formal dining rooms
Recent capital improvements include a new roof, elevator, copper plumbing, solar panels, a complete electrical upgrade, newly remodeled bathrooms, and a large portion of the kitchens remodeled
A Buyer can work with the city to enact the Mills Act, reducing their tax burden by north of $100,000 and directly increasing net operating income by 10.1%. This draws the in-place cap rate up from 5% to ~5.6%
825 coronado residences
825 S Coronado St, Los Angeles, CA 90057
$19,000,000 | Short Sale with Lender Financing
2025 Construction multifamily investment featuring 77 units across 61,953 square feet, slated for completion in early 2025 in an Opportunity Zone
Lender is selling the note on the improvements with a friendly deed in-lieu and an option to acquire the ground lease in two years
Leasehold interest in competitively priced below replacement cost at $246,753 per unit, offering a year one cap rate of 6.99%
Below market 60% LTV financing for two years at 5% interest only provides positive leverage
Once the ground lease is purchased, the property will provide exceptional metrics of $376,621 per unit and a trended cap rate of 6.75%
Meticulously designed units showcase premium finishes including luxury hardwood floors, quartz countertops, Samsung and LG stainless steel appliances, in-unit laundry, central air conditioning, and select units with private balconies, customized closets, and views of the Hollywood sign and DTLA from the top floors
Diverse unit mix with (24) studios ranging from 446 to 618 square feet, (43) one bedroom and one bathroom units ranging from 607 to 808 square feet, and (10) two bedroom and two bathroom units, with a total of (7) loft-style units throughout the unit mix
Residents enjoy upscale amenities including a fitness center, controlled access entry, and 77 secured underground parking spaces with additional space to add ADU’s, incoming producing storage, or a business center
sophia Hollywood
1759 N Gower St, Los Angeles, CA 90068
Open Bid
Constructed in 2024, Sophia Hollywood is a Class A property in the heart of Hollywood, featuring 28 spacious units spanning 40,332 square feet—note encompasses an existing income property with the potential for a condominium conversion
Attractively priced well below replacement cost at under $400 per square foot, offering a low 5% year one cap rate with significant upside potential
Meticulously designed units built to condominium specifications feature premium finishes, including high gloss white cabinetry, custom soft-close cabinets, stainless steel appliances, recessed lighting, glass-enclosed tubs and showers, and in-unit laundry
Diverse floor plans include (4) one-bedroom, (16) two-bedroom, and (8) three-bedroom floor plans—select units feature half baths, dens, and oversized patios
Opportunity to increase value by relocating the gym, repurposing the existing, already-plumbed space into a large studio
Residents benefit from an array of luxury community amenities, including 44 parking spaces, 12 EV charging stations, secure bicycle storage, a well-equipped fitness center, and an inviting lobby lounge
Designated a "Walker's Paradise" with a score of 92, the property is located steps from Hollywood Boulevard and within a five-minute walk of Franklin and Sunset Boulevards
Located at the base of the Hollywood Hills, offering residents convenient access to upscale dining, nightlife, and boutique shopping
2150 N Beachwood Drive
2150 N Beachwood Dr, Los Angeles, CA 90068
$4,700,000
14-unit property located in the Hollywood Hills on a large 10,689 square foot lot
Competitively priced at $335,714 per unit with an in-place cap rate of 5.07% and a 6.18% pro forma cap rate
Opportunity for a savvy investor to capture value with 16.20% rental upside and strategic value-add renovations
Units feature laminate wood flooring, wall unit air conditioning, full kitchens, and walk-in closets and residents enjoy a variety of community amenities, including 18 covered parking spaces, 8 of which are tandem, Westinghouse sub panels, and onsite laundry
Capital expenditure of $150,000 spent on earthquake retrofit with opportunity for the buyer to passthrough the cost to tenants
Residents benefit from walkability to Franklin Village, located less than half a mile from the property and lined with grocery stores and boutique hotels, coffee shops, and dining options
Submarket asking rents expected to rise 24.6% over the next five years and occupancy averaged 94.4% over the past five years
preuss road
2023-2027 Preuss Rd, Los Angeles, CA 90034
$6,995,000
18-unit open courtyard-style property featuring newly remodeled, spacious units
Favorably priced below replacement cost at $388,611 per unit, $392 per square foot, and a 5.60% cap with upside
Potential for investors to achieve significant upside with the addition of four entitled ADUs, resulting in a 8.26% Pro Forma cap rate
Recently upgraded building systems including plumbing, electrical, windows, and HVAC
Desirable amenities including 21 on-site parking spots, controlled access gated entry, and shared outdoor grill and seating area
Diverse unit mix of (4) studios, (5) one-bedroom and one-bathroom, (11) two-bedroom and two-bathroom, and (2) three-bedroom and two-bathroom units featuring updated kitchens and bathrooms, in-unit laundry, high-speed internet, and secure entry
The property is ideally situated in the coveted Beverlywood neighborhood of West Los Angeles, offering seamless access to Beverly Hills, West Hollywood, Mid-City, Culver City, and Cheviot Hills
Excellent Walk Score of 80 out of 100, with Robertson Boulevard steps away and La Cienega Boulevard less than a mile distant, offering residents easy access to a vibrant array of restaurants, bars, and retail establishments
student housing portfolio at usc
Los Angeles, CA 90007
$13,050,000 | 1201-1215 W 27th St $7,750,000 | 2647-2649 Ellendale Pl - $3,500,000
First time on the market in 11 years, the portfolio provides a strong opportunity for an investor to acquire 50-bedrooms and 49-bathrooms less than a half mile from University of Southern California, ranked 28th nationally
Rare opportunity to acquire two assets with exceptional historical financials, maintaining 100% occupancy for over a decade
Favorably located within a ten-minute walk to the University of Southern California, residents benefit from quick access to on-campus classes and amenities, including state-of-the-art fitness centers, dining halls, and libraries
With a severe shortage of on-campus housing, 64% of students live in privately owned off-campus housing
In 2014, both properties were taken down to the studs and renovated with new plumbing, electrical, windows, HVAC, recessed lighting, and roofs and a brand new duplex was added to the Ellendale property
Vista Magnolia holds the prestigious Mills Act designation, offering potential investors substantial tax savings in exchange for the preservation of its historical significance
Vista Magnolia’s 10 units boast 30 beds and 30 baths and 2647-2649 Ellendale Place features 5 units with a total of 20 beds and 19 baths
The Ellendale and Vista Magnolia properties are favorably priced at a 5.44% and 6.01% in-place cap rates, respectively
USC has a total student population of 47,000, supported by 18,123 faculty and staff members
From 2008 to 2017, USC experienced 26% of growth in total enrollment
Both properties are located less than half a mile away from University of Southern California campus in prime hub for student living—residents enjoy easy access to campus and USC Village, home to Trader Joe’s, Target, Fedex, CAVA, Starbucks, Greenleaf, Honeybird, Rock and Reilly’s, and Cafe Dulce
13629 kornblum ave
Hawthorne, CA 90250
$13,200,000
A 44-unit, 2-story apartment building in Hawthorne with 45 parking spaces on a large 39,036 square foot lot
Not subject to Los Angeles Rent Control or Measure ULA in an expanding submarket with rents expected to rise 14.05% over the next five years and an average
occupancy at 96.4% over the past five years
Favorably priced at an in-place cap rate of 5.74% to be a pro forma 6.38% cap rate at $300,000 per unit and $420 per square foot
Opportunity to add up to 8 ADUs without losing any parking spaces
Diverse unit mix of spacious studio, one- and two bedroom units
Center courtyard style property with wraparound balconies and patios on the lower levels, onsite laundry, (45) tuck under parking spots, gated entry, and lush landscaping
Light and airy units with ceiling fans in living, dining and bedrooms, grey lamented wood flooring, upgraded bathroom vanities, updated white kitchen appliances, new barn-style sinks, mirrored closet doors, sliding balcony doors, and community patios for lower units
The average household income within a three-mile radius is $124,981
Surrounded by the tech hubs of El Segundo and the aerospace industry, with major employers like SpaceX, Amazon, Hawthorne School District, Konami Digital Entertainment, Arch Motorcycle, and Mynaric
1818 N Cherokee Ave
Los Angeles, CA 90028
$38,000,000
Built in 2024, The Baxter is a thoughtfully designed 86-unit, seven-story luxury apartment building in Hollywood, CA—consisting of 85,775 square feet
Exceptional Core Class A building favorably priced below replacement cost at $441,860 per unit and $443 per square foot
Not subject to city or state rent control*
Competitive cap rate of 5.36%
Situated at the base of the Hollywood Hills, the property’s design seamlessly blends old Hollywood charm with European elegance in both its units and luxury community spaces
Residents enjoy high-end property amenities, including a rooftop sun deck, outdoor kitchen and fireplace, community clubroom, state-of-the-art fitness center, bike storage, secured mail room, coffee bar in lobby and exterior with bistro-style tables, EV charging, controlled access parking garage, Wi-Fi, and pet play area
The property consists of (14) studio, (53) one-bedroom, and (19) two-bedroom units—residents benefit from upscale finishes, including stainless-steel appliances, Nest thermostats, full-size washers, and dryers, modern wood plank-style flooring, walk-in closets, patios or balconies, floor-to-ceiling windows with sleek roller shades, and soft close cabinetry
Potential for investor to capture upside with addition of at-grade ADU with private drive-up parking
Renters make up 85.6% of the occupied housing population within a one-mile radius
Asking rents are forecasted to grow 28.5% over the next five years, one of the highest growth rates in Los Angeles
Submarket occupancy averaged 94.7% over the past five years
Average submarket rent is forecasted to rise by 20.82% over the next five years
*Not subject to State of California rent control until 2039
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
726 Van Ness Ave
Los Angeles, CA 90038
$3,275,000
Well-preserved Art Deco reminiscent 9,508 square building on a 6,730 square foot lot that’s been well maintained with significant pride of ownership by the same family for over 25 years
5.13% cap to be a 7-cap stabilized with pricing below replacement cost at $163,750 per unit and $344 per square foot in a highly desirable neighborhood across from Paramount Studios
A superior location north of Hancock Park, west of Larchmont Village, and directly across the street from the longest operating and only remaining major studio in Hollywood, Paramount Pictures which attracts a solid and consistent tenant base new to Los Angeles and dreaming about the future
20-unit, sleek and geometrically designed “le style moderne” property consisting of (17) Studios and (3) 1 bedroom and 1 bath units ranging in size from 440 square feet to 640 square feet with an Accessory Dwelling Unit (ADU) currently under construction to be completed by close of escrow
Potential for 21% rental upside with the opportunity to add value and capture top-of-market rents through strategic renovations by modernizing the units by adding recessed lighting, stainless steel appliances, and granite countertops, updating the common areas, and making managerial changes
Centrally located with a walk score of 84 out of 100—close to entertainment, restaurants, and employment centers such as Paramount Studios just across the street, Sunset Gower Studios, Children’s Hospital, Kaiser Permanente, Saffy’s on Fountain, Netflix, Hollywood Forever Cemetery, and many others
3205 Descanso Drive
Los Angeles, CA 90026
$5,600,000
26- unit Art Deco multifamily property with 17,760 square feet of building space—first time on the market in over 25 years
Priced below replacement costs in a prime neighborhood at $215,385 per unit and $315 per square foot
Currently at a 5.56% cap rate to stabilize at nearly a 6.39% cap rate
Diverse unit-mix with (5) efficiency, (11) studio, (8) one-bedroom, and (2) two bedroom floor plans - each unit boasting hardwood or laminate floors and exposed brick in the living room
Potential to add 12.4% rental upside by renovating unit interiors to feature recess lighting, stainless steel appliances, and modernizing the interior while updating the common areas
The property features a charming courtyard setting, a cobblestone side pathway, and seating areas with significant outside space to allow bike storage or rental station creating an amenity for carless tenants
Highly desirable location in Silver Lake - one of the most sought-after multifamily rental markets and affluent resident-bases in Los Angeles
Nestled between Downtown Los Angeles, Burbank, and Hollywood- three of LA’s major employment hubs
Rates as a “Very Walkable” place to live with a Walk Score of 95/100—offering residents immediate access to Silver Lake’s best dining and shopping
Average submarket asking rent has grown 13.3% over the past year and is forecasted to rise another 23.1% in the next 5 years
Hollywood Portfolio
2017 Argyle Ave, Los Angeles, CA 90068 | $13,750,000
1746 N Cherokee Ave, Los Angeles, CA 90028 | $17,850,000
6731 Leland Way, Los Angeles, CA 90028 | $11,000,000
Historical trophy assets, well maintained by a family office for over 25 years with pride of ownership and a deep passion for the international prestige of Hollywood and its movie stars
An attractive basis below replacement cost at $182,051 per unit and $270 per square foot for the portfolio
In-place cap rate of 5.3% to stabilize at a 7.71% pro forma cap rate—to be purchased individually or in bulk
234 units consisting of across three properties totaling 157,568 square feet with a sleek geometric architectural design featuring original wood floors, ornate crown molding, exposed brick walls, luscious landscaping, antique glass doors and windows, inviting outdoor seating areas, and solar panels on the grid with LADWP
Irreplaceable, architecturally unique assets featuring unmistakable Art Deco design encompassing decades of rich history and celebrity tenants
An affordable investor may also appreciate Leland’s location in a high resource area, with Leland and Cherokee qualifying for Tier 1 Section 8 rental rates, and Argyle for Tier 2 Section 8 rental rates
All properties labeled a “Walker’s Paradise” on WalkScore.com, located close to entertainment, education, and employment hubs situated a mile from West Hollywood, four miles from top studios in Burbank, and five miles from Griffith Observatory, making it a superior central destination to the Greater Los Angeles Area
Koreatown Portfolio
2892 W 7th St, Los Angeles, CA 90005 | $8,500,000
129 N Oxford Ave, Los Angeles, CA 90004 | $4,375,000
746 S Normandie Ave, Los Angeles, CA 90005 | $4,950,000
2892 W 7th St, 129 N Oxford Ave, and 746 S Normandie Ave are offered at an attractive basis of $141,667, $175,000, and $141,429 per unit, respectively
120 units across three properties, wellmaintained by the same owner for over 25 years
All properties priced below replacement cost at an average of $148,542 per unit, $243 per square-foot, a 5.53% cap rate and a 7.26% pro forma cap rate—to be purchased individually or in bulk
Rental upside of 12% through operational efficiencies, strategic renovations of units and common areas, implementing a RUBS program, and exploring the addition of ADUs
Residents benefit from spacious floor plans, 8 to 10 foot ceilings, large windows with ample lighting, on-site laundry facilities, controlled-access, and select units providing sweeping city views of the Los Angeles skyline
All three properties sit within walking distance of major Koreatown nightlife, dining, and shopping attractions, including Chapman Plaza, The LINE Hotel, and City Center on 6th • Koreatown is one of the most historic, diverse, and densely populated areas in Los Angeles
925 N Eucalyptus Ave
Inglewood, CA 90302
$5,750,000
32,534 square foot lot zoned INR3VV in a medium density area with the ability to achieve greater density by applying California State Assembly Bills AB 1763 and AB 2334
Affordable density incentives provide no maximum allowable density with no minimal required parking requirement
An astute developer can build up to 211 affordable units, however, a lower cost, lower density property of 150 units and 54 parking spots provides an untrended yield-to-cost of 7.19%
Buyer can achieve Section 8 Voucher rents that are significantly above affordable rental limits: $1,954 for studio, $2,206 for one-bedroom, $2,798 for two-bedroom, and $3,589 for three bedroom units
The property is located in the City of Inglewood, therefore the measure ULA tax will not be enforced on the sale
City of Inglewood and Century Housing established The Inglewood Fund to provide specialized financing for the acquisition, preservation, and development of affordable housing and mixed income housing in Inglewood at 3% fixed interest rates for developments providing at least 50% affordable housing
Seller will entertain all offers and will consider waiting for entitlements or selling the property as-is
Unmatched location in prime Inglewood neighborhood Just a quick five-minute drive to two of LA’s most famous entertainment venues, the Kia Forum and SoFi Stadium, and a 12-minute drive to LAX
511 ocean front walk
Venice, CA 90291
$11,000,000
Rare multifamily opportunity with large picture windows overlooking the ocean, hardwood floors, natural light and multiple built-ins
Fully renovated down to the studs in 2023 and 2024 including a new roof, exterior stucco, insulation, and complete plumbing, electrical systems, and heating
Further upgrades include all new flooring, kitchens, and bathrooms for the interiors—set to be completed in July, 2024
Corner units feature exceptional natural lighting with sweeping ocean views
Two ground floor retail spaces have direct access to the world renowned Venice Boardwalk
Favorably located in highly sought-after Venice, the property is positioned directly on the Venice boardwalk with unobstructed ocean views
Located at the center of the Silicon Beach creative tech hub, which is home to notable area employers Google, Snapchat, Twitter and many more
Average household income of $176,466 within a three-mile radius
Venice submarket rents projected to increase nearly 20.1% over the next five years
10341 Graham Ave
Los Angeles, CA 90002
$6,000,000
10341 Graham Avenue is an ED1-eligible site that occupies 1.17 acres of undeveloped land
Opportunity to build unlimited affordable housing units utilizing ED1 expedited entitlement process and density bonuses
Priced at a compelling basis of $40,000 per unit
High tenant demand with submarket vacancy averaging 1.5% over the past five years
Submarket asking rents are projected to rise 13.5% over the next 5 years
Conveniently located adjacent to the Watts Towers metro station and just a quick 5-minute drive to both the 105 and 110 freeways, offering seamless connectivity to the major employment hubs of the greater Los Angeles Area
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
THE GRID
233 E Main St, Mesa, AZ 85210
$38,650,000
The GRID occupies 3.27 acres of land in the midst of a two-phase development in an opportunity zone in Mesa, Arizona
Phase 1 of construction, expected to finish in ~90 days, will offer nearly 9,000 square feet of retail space, 13,000 square feet of office space, and 76 furnished studios
38 of the 76 Phase 1 units are master leased by Cozy Comforts, a short-term rental company, which will rent out the units at ~$2,800 per unit, cover all costs aside from utilities, and provide the owner with 72% of the rents, ensuring a steady rental income
The retail space is fully pre-leased to Crust Simply Italian, a premier restaurant chain with locations in Scottsdale, Gilbert and Chandler—this space will include an authentic Italian Restaurant, coffee shop, sandwich shop, and a speak-easy cocktail lounge called The Blue Heron, all under the same owner
Phase 2, which includes 271 apartment units, has received full permits, approval, and is ready to begin construction
The current ownership has secured a 99-year lease for the land and air rights, along with a separate 99-year parking lease for 347 parking spots
Positioned within Mesa’s dynamic landscape, The GRID guarantees a contemporary living and commercial environment that stands out from the rest
The property is located along the Phoenix METRO Light Rail that provides quick and easy access to Downtown Tempe and the ASU campus, Downtown Phoenix and Midtown Phoenix (jobs, sporting events, entertainment venues, etc)
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
1301 Havenhurst Dr
West Hollywood, CA 90046
$22,250,000
Well-maintained, 40-unit multifamily apartment complex delivered 75% vacant—located on a 30,504-square-foot corner lot just steps from the Sunset Strip in West Hollywood
Ability for a Buyer to achieve a 5.51% cap rate and a 7.23% pro forma cap rate upon renovation in one of the most competitive markets in Los Angeles
Center-courtyard building with large units featuring expansive windows, walk-in closets, full showers, most with separate bathtubs, and either spacious balconies or ground-floor patios with ample light
Low-expense property offering common area amenities such as a center courtyard with a pool and lounge area, an onsite laundry facility, controlled access entry, 42 gated parking spots, with the vast majority of square footage being rentable
The current owner has plans approved by the City for a full renovation of the unit interiors with new HVAC, in-unit washers and dryers, lighting, and full kitchens and baths
Casa Real
1354 N Harper AveWest Hollywood, CA 90046
60 architecturally significant units on a 14,885-square-foot lot in the highly sought-after Historic Harper District
Below replacement cost at less than $300K per unit and $425 per square-foot
Upgraded units include custom tile kitchens, stainless-steel appliances, custom cabinetry and islands, hardwood flooring, tile bathrooms, and exposed brick in select units, highlighting the property’s original allure
Mediterranean Revival-Style building with a beautifully-remodeled lobby complete with new paint, tile and wood flooring, as well as an elegantly landscaped outdoor common space behind the building which features several seating areas and LED lighting
Opportunity for a Buyer to achieve 80% in rental upside by renovating the remaining units
Declared by the City of West Hollywood as a Mills Act Property, providing the Owner with significant tax reductions in exchange for maintaining and preserving the historical integrity of the building
Originally built as part of the Chateau Marmont, an iconic hotel just down the street, known for its unique architecture, glamorous history, and association with the entertainment industry
Located steps away from Sunset Strip, providing easy access to countless restaurants, shopping and entertainment, including The Tower Bar, Sunset Trocadero, The Den on Sunset, The Comedy Store, and Chateau Marmont
Maya Apartments
535 - 547 S Kingsley Dr, Los Angeles, CA 90020
$34,950,000
Built in 2018, Maya Apartments is a Class A, type 3 concrete building with floor-to-ceiling windows—consisting of 69,651 square feet and 72 beautifully designed units
Competitive going-in cap rate of 4.47%, with potential to achieve a ~6% cap rate with minimal work
Ability to significantly enhance NOI without any meaningful capital expenditures
Ability to increase rents between $1,000 and $1,500 on many units
Low-expense building with 10-year warranties on the roof and appliances
Opportunity for an astute Buyer to convert the existing storage rooms into for-rent storage units and immediately achieve $72,000 annually
Potential to construct two 1,250 square-foot ADUs with separate entrances on what is currently ground-floor parking
All 72 units offer deluxe interior design—including white quartz countertops, stainless steel appliances, 13-foot ceilings, built-in Hunter Douglas roller shades, designer built-in closets, nest thermostats, and in-unit washers and dryers
The tenant-driven amenity package promotes a community living experience with features including a resort-style pool, fitness center, clubhouse, barbecue and picnic area, and a rooftop with panoramic views of the Hollywood sign and Los Angeles skyline
The location offers excellent walkability to entertainment, transit, major employers, and dining, allowing the tenants to capitalize on the desirability of Koreatown as a cultural mecca
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
Mariposa Apartments
400 S Mariposa Ave
Los Angeles, CA 90020
$6,195,000
Well-maintained 25-unit, courtyard-style multifamily complex on a 15,070 square-foot lot, centrally located in between the major employment hubs of Koreatown, Silverlake, Downtown, and Hollywood
Currently priced at a 3.87% cap rate with a pro forma cap rate of 6.11%, with an assumable financing option of 3.2%, providing positive leverage immediately
Arranged in a mix of (9) studios and (16) one-bedroom floor plans, the professionally remodeled units feature stainless steel appliances, laminate hardwood flooring, granite countertops, large kitchens with tile backsplash, and recessed lighting—with each unit separately metered for gas and electric
Competitive price-per-door at $247,800 and well below replacement costs at $370 per square foot
Residents benefit from common area amenities including a gated swimming pool, on-site laundry, and parking
Opportunity for a Buyer to close the 36% loss-to-lease gap through strategic renovations of the exterior, unit interiors, and common spaces
With a walk score of 93 out of 100, the location offers excellent walkability to entertainment, transit, and major employers, allowing the tenants to capitalize on the desirability of Koreatown as a cultural mecca
Strategically located at the center of Koreatown, with easy access to Downtown, Mid-City, Hollywood, and Silverlake and between the 101 and 10 freeways, connecting the property to the Greater Los Angeles Area
Koreatown home sale prices have risen 26.3% over the last year
Voss Apartments
947 - 953 11th St
Santa Monica, CA 90403
$10,000,000
The Voss apartments is a Mills Act property with a financial incentive for historic preservation. Voss apartments are afforded approximately a 67% reduction in taxes that can be passed on to future owners
The Seller has owned this property for over 10 years with significant pride of ownership, including a new roof and sewer line, new plumbing and electrical and tankless hot water heaters
The units boast high ceilings and large floor plans, with formal dining rooms and bathrooms featuring both a shower and tub and unique detailing found in well-constructed 1930’s properties such as curved walls, wainscoting and built-ins
Select units have been renovated to include new appliances and updated kitchens and baths however enhanced turns to the kitchens and bathrooms could increase rents and cash flow
Some units have private balconies and private yards and many of the units can be reconfigured to allow for an additional bedroom with an over the counter permit in the City
An astute Buyer can achieve 68% rental upside and a Pro Forma cap rate of 6.77% through the renovation of the remaining units and the installation of a fully equipped Fitness Center
There are 8 automated, private garages in the back of the property, currently rented to tenants. There is the opportunity to add 1-2 studio ADUs with a private or shared yard
Favorably positioned in world-renowned Santa Monica—one of the most sought-after multifamily rental markets in the country
Just one block south of the boutique- and restaurant-lined Montana Avenue, Santa Monica’s premier shopping neighborhood with more than 150 retail establishments
Short drive or bike ride to the beach, JonathanClub, Annenberg Beach House, Santa Monica Place,the pier and Main Street
The Alyce
821 3rd St
Santa Monica, CA 90403
$21,750,000
Professionally Renovated Investment Opportunity with 46% Upside | Located at 3rd St and Montana Ave in Santa Monica
27 Unit luxury apartment community just three blocks from Santa Monica Beach
Exemplary, upgraded units—ranging from 766 to 1,390 square feet—feature stainless-steel appliances, luxury vinyl tile floors, quartz countertops, in-unit washer and dryers, and walk-in closets with built-in shelves
The property has recently undergone significant building improvements—including a new roof, windows, pool deck and plaster, electrical meters, elevator cab finishes, as well as electrical upgrades including new common area and site lighting, and the installation of a security system
Residents benefit from a rare-to-the-neighborhood pool and large patio deck with a barbecue, dining and lounging, and full sunlight exposure
67% of units are fully renovated with a quality exceeding the competitive market set, all fully leased within 45 days
An astute Buyer can achieve 46% rental upside and a Pro Forma cap rate of 6.44% through the renovation of the remaining units and the installation of a fully equipped Fitness Center
Fitness center construction documents are complete and ready to be submitted for permit—drawings will be included in purchase
Favorably positioned in world-renowned Santa Monica—one of the most sought-after multifamily rental markets in the country
Just steps from the boutique- and restaurant-lined Montana Avenue, Santa Monica’s premier shopping neighborhood with more than 150 retail establishments
Within a 10-minute walk to the beach, Third Street Promenade, Fairmont Miramar Hotel & Bungalows, Huntley Hotel, and The Jonathan Club
At the center of the Silicon Beach tech hub, home to Google, Snapchat, Twitter, Oracle, Hulu, and many more
The average household income within a three-mile radius is $161,560
Santa Monica asking rents are expected to grow 14.23% over the next five years, among the highest growth rates in the Los Angeles metro
Submarket occupancy averaged 95.26% over the past five years
Within a three-mile radius of the property, the population is projected to grow 2.65% from 150,631 to 154,689 over the next five years
Renters make up 79.1% of the occupied housing population within a one-mile radius
14 OZone Avenue
14 Ozone Ave
Los Angeles, CA 90291
$4,900,000
Multi-Family Value-Add Opportunity Just Steps From Venice Beach | 4.16% Cap to be a 7.08% Cap
Charming six-unit multifamily apartment building located just steps from world-renowned Venice Beach
The property consists of (1) studio, (1) one-bedroom, and (4) two-bedroom layouts, 5 of the 6 have all new plumbing and electrical and are remodeled to include stainless-steel appliances, quartz countertops, hardwood flooring, and a white-tile backsplash in the kitchen and bathrooms
Five of the units have Juliet Balconies, while one of the top floor units has it’s own private patio/deck—4 units possess scenic ocean views
Currently at a 4.16% cap rate, with a Pro Forma cap rate of 7.08%
Opportunity for Buyer to achieve 56% Rental Upside through strategic renovation of the units and the construction of an ADU
The Seller has plans approved by The City of Los Angeles to convert one of the two-spot parking garages into a Studio ADU—awaiting approval from the Coastal Commission
Rare-to-the-area on-site parking with 11 spots—to be 9 spots with ADU conversion
Favorably located in highly sought-after Venice, the property is positioned just steps from world-famous Venice Beach, a 5-minute walk from Abbot Kinney, and 10-minute walk to the Venice Canals.
Property is surrounded by high end shopping and dining options, including Sweetfin, The Butcher’s Daughter, and Lulu Lemon all within a 5 minute walk
At the center of the Silicon Beach creative tech hub, which is home to notable area employers Google, Snapchat, Twitter and many more
Location is rated as a “Walker’s Paradise,” with a walk score of 90 out of 100, and as a “Biker’s Paradise”, with a 100 out of 100 bike score
Submarket asking rents grew by an average of 5.1% over the past five years
Average household income is $173,545 within a three-mile radius of the property and $171,423 within a five-mile radius
Employment population of 276,074 within five miles of the property, with 83.7% of employees working white collar jobs