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
3831 Wisconsin Street
3831 Wisconsin Street, Los Angeles, CA 90037
$1,100,000
Prime proximity to USC and Exposition Park amenities including the LA Memorial Coliseum, BMO Stadium, and Exposition Park, with the highly anticipated Lucas Museum of Narrative Art set to open in the coming months, further enhancing neighborhood appeal and driving rental demand
Priced below replacement cost at $122,222/Unit and $199/SF
Exceptional rental upside with in-place rents approximately 70%+ below market across the remaining (5) units, providing immediate mark-to-market potential through natural turnover
Offered at a compelling basis relative to prior ownership’s acquisition in 2020 at $1,852,000, presenting a unique opportunity to acquire below historical pricing while capitalizing on significant upside potential
Attractive and diverse unit mix, including larger-format units (3BD and 2BD) that are well-suited for student co-living or workforce housing, supporting premium rental potential
Ample on-site parking with 9 uncovered spaces, offering a strong parking ratio that enhances tenant demand in a parking-constrained submarket
On-site laundry facility, providing additional income and convenience for residents
Significant value-add opportunity through reinstatement of four (4) non-conforming units, with plans and permits currently nearing Ready-To-Issue (RTI). Upon completion, a new owner can renovate and lease these units at market rents, creating a meaningful increase in income Additional upside through potential ADU development (buyer to verify), creating an opportunity to further increase unit count and long-term returns
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
10 19th Avenue
10 19th Avenue, Venice, CA 90291
$5,750,000
Irreplaceable Venice Beach location just steps from the sand and blocks to Abbot Kinney, offering immediate access to world class restaurants, boutique shopping, and the vibrant energy that defines the Venice lifestyle
Pride of ownership asset with historically high occupancy, featuring a partially pitched roof, shared outdoor patio, and a rare 1.45 stall/unit parking ratio for a property this close to Venice Beach. The property was comprehensively renovated in 2021, including upgrades to all major building systems
Select units benefit from a rooftop deck or direct access to unobstructed ocean views from living and/or bedrooms, large balconies, mini split AC in living rooms and bedrooms
Property amenities include a community laundry room, accessible tandem or head-in garage parking, and shared courtyard with a communal grill
Boasting a Walk Score of 96 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
First time on the market since 1990, presenting a rare opportunity to acquire a turnkey asset in the prime Venice Beach
1114 6th Street
1114 6th Street, Santa Monica, CA 90304
$8,500,000
First time on the market in 16 years, presenting a rare opportunity to acquire a well-located, historically high occupied asset at a 5.78% adjusted in-place cap with opportunity to reach a 6.95% pro forma cap
15-unit property with (10) large 2-bed 2 bath units, (2) large 2-bed 2-bath front facing units, and (3) 1 bed 1 bath units, totaling 15,156 livable square feet with no on-site manager needed
Select units feature newly remodeled interiors with hardwood flooring, stainless steel kitchens with granite countertops, spacious living areas opening to private balconies, large bedrooms with ample closet space, and in-unit washer/dryers, new windows, and 15 designated parking space
Residents benefit from a convenient elevator and recent capital improvements, including new plumbing and electrical systems, energy-efficient windows, and a new 2022 roof
Positioned in Santa Monica’s highly sought-after North of Wilshire neighborhood, blocks to Montana Avenue, Santa Monica Beach, Palisades Park, and the 7th Street Steps
The property offers immediate access to world-class dining, retail, and outdoor amenities while maintaining a quiet residential setting, supporting strong and durable renter demand
The Lido Apartments
6500 Yucca Street, Los Angeles, CA 90028
$18,000,000
Iconic renovated Hollywood asset built in 1920 and renovated in 2018, The Lido Apartments is a 100-unit, 5-story apartment community totaling approximately 94,435 square feet, offering a rare combination of historic character and modern finishes
Timeless cultural relevance within Hollywood’s creative core, rooted in a long-standing entertainment and media ecosystem that supports durable renter demand
Storied Hollywood cultural landmark, The Lido Apartments is intrinsically linked to the legacy of the Eagles, with the property’s lobby and courtyard featured as the interior spread of Hotel California album artwork, now celebrated on the album’s 50th anniversary, cementing the building’s place in music and cultural history
The Lido Apartments is also closely associated with legendary entertainer Carol Burnett, who resided at the property during her meteoric rise, reinforcing its enduring role within Hollywood’s creative and entertainment heritage
Priced well below replacement cost, offered at an attractive basis of approximately $180,000 per unit and $192 per square foot
Attractive stabilized, year 1 and pro forma yield profile, featuring a compelling 5.39% stabilized cap rate, 7.57% Year 1 cap rate and a clear path to a 9.64% pro forma cap rate through mark-to-market rent growth and operational efficiencies
Prime Hollywood location with distinctive Spanish Colonial Revival architecture, appealing to young professionals and long-term renters seeking authenticity within Los Angeles’ premier entertainment corridor
Well-curated unit mix and resident-focused interiors, consisting of 34 studios, 40 one-bedroom units, 25 two-bedroom units, and 1 three-bedroom unit, with many residences featuring original hardwood floors, quartz countertops, gas-range stoves, built-in vanities, dishwashers, kitchen nooks, spacious closets, and custom cabinetry
*For sale by lender
719 S. Hoover Street
719 S. Hoover Street, Los Angeles, CA 90005
$14,500,000
Non-Rent Control, *43 Unit, 2025 Construction Property on a high visibility street creating strong leasing appeal
Priced at $337,209 per unit, making it an irreplaceable investment, below replacement cost
Cashflow and Positive leverage from year one with a 6-plus cap rate upon stabilization
Opportunity Zone designation offers substantial tax advantages for investors, with Certificate of Occupancy expected in January
Compelling condominium sellout potential with an anticipated 20% ROC. The tentative tract map is to be completed end of January
Separately metered for electricity, gas, and water significantly reducing operating expenses and enhancing long-term cash flow stability
Significant pride of ownership with the owner/ developer designing
Spacious apartments include light vinyl wood plank flooring, in-unit washer and dryers, central HVAC, modern kitchens with stainless steel appliances and quartz countertops. Bathrooms featuring Italian wood cabinetry and shower/bathtubs with porcelain walls
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
1342 N. Highland
1342 N. Highland Los Angeles, CA 90028
$8,000,000
Condo-quality 2004 construction on a large 14,760 SF triple lot near Highland & Sunset, not subject to LA rent control
Efficient layout with no wasted space, priced below replacement cost
Immediate cash flow opportunity offering a 5.87% in-place cap rate and upside to 6%+ pro forma Collection of 15 unique townhome-style residences, several with private rooftop decks and vaulted ceilings, creating a true condo-quality living experience
Strong condo conversion potential with sales boasting $700+ per square foot in the immediate vicinity
Well-maintained interiors with room to boost income via unit upgrades, parking fees, and RUBS
Units include white quartz countertops, in-unit washer-dryers, central heat and air, hardwood floors, and stainless-steel appliances with individual hot water heating
Community amenities include an expansive central courtyard, fitness center, covered parking garage, twenty-four-hour surveillance cameras, communal barbeque area, and an outdoor lounge space
1775 Beloit
1775 Beloit Ave, Los Angeles, CA 90025
$9,900,000
Exceptional 2019 construction 16-unit and 48-bed property ideally situated within a block of Sawtelle Boulevard, known for its acclaimed restaurants and shops
Property perfectly caters to students, recent graduates, and young professionals with (8) studios and (8) five-bedroom, five-bathroom units
Currently operated as a furnished, amenity-rich 48-bed and bath co-living community, the property offers investors the flexibility to enhance the existing by-bed co-living model, convert to traditional suite-style leasing, or reposition as student housing
Situated in one of California’s highest resource zones, the property provides residents with exceptional access to public transit, major employment centers, top-rated schools, and top-rated walkability
Distinct community amenities include a spacious rooftop lounge with BBQ and seating, Amazon package lockers, bicycle storage, and gated parking for 25 vehicles with Chargie EV charging stations
Units feature modern amenities including in-unit washer/dryers, stainless steel appliances, custom cabinetry, and contemporary bathroom finishes. Each room includes a mini-kitchen with fridge/freezer and smart microwave, plus smart TVs (Samsung), central AC with digital controls (LG), and flexible furnishings such as Murphy beds and built-in desks. Common areas provide a full kitchen with gas cooktop, oven with air-fryer, dishwasher, and smart microwave
Located just 1.8 miles from UCLA and SMC—home to more than 75,000 students, over half of whom live off campus—the property is well-positioned to capture consistent rental demand for off-campus housing
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
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
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
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
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
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