719 S Park View Street
Los Angeles, CA 90057
Open Bid
Compelling bank-owned, two-parcel infill development opportunity spanning approximately 0.69 acres in a Qualified Opportunity Zone, improved with 11,998 square feet of retail space across five units. Two units are currently vacant, while the remaining
tenants are on month-to-month leases, providing flexibility for future redevelopment. The property is prominently situated at the southwest corner of W 7th Street and S Park View Street in Westlake.
Preliminary by-right development potential for up to 82 residential units and approximately 181,110 square feet (6.00 FAR) without existing residential tenants, providing a compelling pathway for multifamily or mixed-use redevelopment.
Potential for up to 172 residential units and approximately 271,665 square feet (9.00 FAR) through the Citywide Housing Incentive Program with 100% affordable projects permitted unlimited density, creating substantial additional density beyond the site's base
development potential.
Benefits from C2-2 zoning and AB 2097 eligibility, providing meaningful density and development incentives while eliminating minimum parking requirements.
Prominent corner location along W 7th Street directly across from MacArthur Park, providing excellent visibility and frontage along one of the primary east-west corridors connecting Koreatown and Downtown Los Angeles.
Existing improvements total approximately 11,998 square feet of commercial retail space, providing an existing commercial footprint across the contiguous two-parcel assembly along with $15,100 monthly income.
Exceptional transit-oriented location near the Westlake/MacArthur Park Metro Station, providing convenient connectivity to Koreatown, Downtown Los Angeles and employment centers throughout the greater Los Angeles region.
11235 Richland Ave
Los Angeles, CA 90064
$4,450,000
Professionally renovated, 1987-construction Westside multifamily property offered at a compelling 5.89% in-place cap rate, below replacement cost, and exempt from the City of Los Angeles Rent Stabilization Ordinance (RSO).
Potential for future condominium conversion, supported by spacious two- and three-bedroom floor plans, extensively renovated interiors, and 17 gated subterranean parking spaces serving just nine residences.
Significantly below replacement cost with ownership having invested more than $896,000, or ~$99,000 per unit and ~$113 per square foot, in extensive renovations, offering investors a turnkey asset at an attractive basis.
Thoughtfully renovated interiors featuring Ceaserstone countertops, stainless-steel appliances, modern bathrooms, custom closet systems, and fireplaces and skylights in select residences. Additional property enhancements include a smooth-stucco exterior, updated landscaping, exterior lighting, and synthetic-turf front yard.
Extensively renovated with permits, featuring a professionally applied GacoFlex silicone roof coating with a 50-year limited material warranty, upgraded water heater, solar thermal collectors and storage tank, new windows, in-unit washers and dryers, upgraded electrical subpanels, and in-unit plumbing improvements.
100% occupied with rental upside through the capture of loss-to-lease.
Desirable unit mix weighted toward larger floor plans, featuring five two-bedroom / two-bath, two three-bedroom / two-bath and two one-bedroom / one-bath residences, with an average unit size of approximately 879 square feet.
Situated on a quiet cul-de-sac surrounded by single-family homes, condos, and newly constructed apartments, offering a desirable residential setting within walking distance of the Metro E Line and a short drive to UCLA campus.
Five-minute walk (0.2 miles) to the Expo/Sepulveda Station on the Metro E Line, with service to Downtown Santa Monica in approximately 11 minutes and Downtown Los Angeles in approximately 35 minutes, and immediate access to the 405 and 10 Freeways.
4616-4622 Maplewood Ave
Los Angeles, CA 90004
$4,865,000
Attractively priced multifamily asset situated on a double lot in the highly desirable Melrose Hill neighborhood and exempt from the City of Los Angeles Rent Stabilization Ordinance (RSO), offered at approximately $270,000 per unit and under $320 per square foot, with a compelling 5.49% in-place cap rate and the potential to achieve a 6.83% pro forma cap rate.
Approximately 16% rental upside through the realization of embedded loss- to-lease, with the property's exemption from rent control providing new ownership greater flexibility to bring existing rents closer to prevailing market levels and accelerate revenue growth.
Unique 18-unit offering comprising two adjacent 9-unit properties on separate APNs, which potentially eliminates the requirement for an on-site manager and provides opportunities for reduced operating expenses and enhanced cash flow.
First time on the market since 2003, presenting a rare opportunity to acquire a well-maintained multifamily asset under long-term ownership in the desirable Melrose Hill neighborhood.
Built in 1989, this comparatively newer-vintage multifamily asset features a desirable unit mix of 16 two-bedroom/two-bathroom residences and two one-bedroom units with dens, complemented by select units featuring private balconies and stainless-steel appliances, as well as convenient on-site laundry facilities.
32 parking spaces serving just 18 residential units provides an attractive parking ratio of approximately 1.78 spaces per unit and enhances the property's potential for future condominium conversion.
Centrally located near Larchmont Village, Hancock Park, Hollywood, and Koreatown, with convenient access to major business, media, and creative employment centers throughout Hollywood, Downtown Los Angeles, and the Wilshire Boulevard corridor. The location also offers easy access to trendy dining, bars, shops, and galleries in Hollywood, Koreatown, and Larchmont Village.
4470 S Centinela
Los Angeles, CA 90026
$5,950,000
15- unit center-courtyard on a double lot competitively priced below replacement cost.
Not subject to LA rent control with approximately 24% rental upside through the capture of loss-to-lease.
First time on the market since 1998, presenting a rare opportunity to acquire a well maintained property with upside in the highly desirable Mar Vista submarket.
Desirable unit mix featuring 14 two-bedroom units and one one-bedroom unit, of which six two bedroom units are townhome-style and two are residences with vaulted ceilings enhancing tenant retention. Most 2-bedroom units have balconies, all of which are SB721 compliant.
Constructed in 1990, offering investors a comparatively newer-vintage multifamily asset in a highly desirable, infill Westside location well below the cost of home ownership.
29 subterranean parking spaces serving just 15 residential units, providing an attractive parking ratio of nearly 2.0 spaces per unit and enhancing the property's potential for future condominium conversion.
Centrally located near the major technology, media, and entertainment employment centers concentrated throughout Playa Vista, Culver City, Venice, and Santa Monica.
Strong surrounding demographics with an average household income of approximately $194,536 within a three-mile radius and more than 150,000 daytime employees with average home prices of $1,551,495.
Inspire echo park
355 Glendale Blvd, Los Angeles, CA 90026
Open Bid
Acquire a newly completed, institutional-quality multifamily community offered at approximately 20% below original construction cost, providing an attractive basis well below replacement cost.
Significant value-add opportunity to convert underutilized interior common areas into up to 10 additional ADUs, increasing rental income while preserving structured parking and core resident amenities, subject to approvals.
Over 14,000 SF of resort-style amenities, including a pool and jacuzzi, pickleball court, multiple rooftop decks, fitness center, clubhouse, coworking lounge, and approximately 6,600 SF of interior common areas.
Brand-new 2025 construction featuring modern architecture, high-end finishes, spacious floor plans with dens and custom closets, in-unit washers and dryers, split HVAC systems, private balconies or outdoor spaces in select residences, and views of Echo Park and Downtown Los Angeles, minimizing near-term capital expenditures and maintenance requirements.
Strong leasing momentum with over 70% of residences leased and Certificate of Occupancy received in October 2026, demonstrating robust demand and positioning the property for near-term stabilization.
Offering strong cash flow from a newly constructed Class A asset with additional upside through ADU conversions and future rental growth.
Opportunity to convert 1,331 SF of underutilized coworking space into income-producing retail, generating approximately $64,000 in annual rental income at $4.00/SF NNN while enhancing cash flow and the resident experience.
Prime Echo Park location offering exceptional connectivity to Downtown Los Angeles, Silver Lake, Glendale, and Hollywood, with walkable access to popular restaurants, cafés, parks, and neighborhood destinations including Henrietta, Clark Street Bakery, Groundfloor Coworking, and Bar Flores.
West Los Angeles Portfolio
West Los Angeles, CA 90025
Open Bid
The West LA Portfolio represents a first-time offering and generational acquisition opportunity, having been built, owned and operated by the same family since its original development in the 1960s.
The portfolio provides immediate scale in West Los Angeles with 13 properties all within a quarter mile of each other, ±162 units and ±106,360 SF, creating efficiencies for centralized management, leasing, maintenance and capital improvements.
The portfolio offers an attractive going-in basis with significant embedded upside at less than $250,000/unit with approximately 40% rental upside.
Approximately 25% of the portfolio has been held intentionally vacant, providing immediate access to a substantial portion of the portfolio for renovation and lease-up. A buyer can begin capturing mark-to-market upside from day one without relying solely on future tenant turnover, with additional long-term upside as the remaining units naturally become available for repositioning.
Significant ADU potential provides incremental density and yield expansion through tuck-under parking conversions and development above select parking areas, supporting an 8.25%+ cap rate and less than a 8.00x GRM.
The portfolio provides a compelling NOAH execution pathway through leasing existing vacancies to Section 8 tenants, supporting a 7.25%+ cap rate and less than a 10.00x GRM with potential eligibility for California’s Welfare Tax Exemption.
The portfolio includes eight distinct Westside redevelopment opportunities ranging from 7,000 SF to 28,012 SF of land, with existing vacancies providing added flexibility and State Density Bonus, TOIA and AHIP incentives supporting increased density.
Hayward Apartmetns
603 S Spring St, Los Angeles, CA 90014
Open Bid
Rare block-to-block 525-unit multifamily community along with 17,518 sq ft of ground floor retail offering meaningful scale with outsized returns.
Property presents a compelling LIHTC resyndication opportunity, pairing in-place HAP-subsidized income with acquisition/rehab tax credit eligibility; recently enacted federal legislation lowering the 4% LIHTC bond-financing threshold from 50% to 25% further improves financing feasibility for a qualified LIHTC sponsor.
HAP contract in place through 2028 provides secured, HUD-subsidized cash flow for the initial hold period, with potential upside for a new owner to pursue contract renewal or rent adjustment to market at expiration.
Existing residential density and unit count create a unique platform for affordable housing preservation, workforce housing strategies, and mission-driven investment initiatives.
Designed by renowned Los Angeles architect John C. Austin, whose portfolio includes Los Angeles City Hall, Griffith Observatory, and the Shrine Auditorium. The Property’s level of architectural significance, historic character and irreplaceable design position it among Downtown Los Angeles’ most notable landmark buildings.
The Mills Act exemption lowers property taxes on both the multifamily and retail components, enhancing long-term cash flow.
The Hummingbird LA
139 S Occidental Blvd, Los Angeles, CA 90057
$29,000,000
Professionally designed Class A multifamily community completed in December 2024, The Hummingbird LA is an 85-unit, six-story building with a 5-level apartment community over first floor and one subterranean level of parking. This represents a rare opportunity to acquire a December stabilized 2024 construction asset below replacement cost with current income and upside
Offered at an attractive basis of $341,176 per unit and $336 per square foot.
Attractive in-place stabilized, and loss to lease yield profile, featuring a compelling 5.22% in-place cap rate, 5.48% stabilized cap rate and a clear path to a 6.98% loss to lease cap rate through mark-to-market rent growth and operational efficiencies.
Significant embedded rental upside of approximately 19.20%, providing an investor the opportunity to drive NOI growth through continued rent optimization and improved operational efficiency.
Stabilized operations with strong leasing momentum, featuring approximately 94% occupancy, 20.1% positive lease trade-outs, and no leasing concessions, demonstrating the property’s strong market positioning and continued pricing power.
Amenity-rich common areas create additional value-add potential, with a well-appointed lobby, resident lounge, and fitness center that may offer an astute buyer the opportunity to convert portions of the existing common areas into additional dwelling units (ADUs).
Boutique luxury community with top of market amenity package, featuring multiple rooftop decks with panoramic city views, landscaped outdoor gathering areas, resident lounge, fitness center, secured access, electric vehicle charging stations, covered parking, and a commissioned mural by internationally recognized artist David Flores.
Contemporary residences feature premium interior finishes, including quartz countertops, stainless steel appliances, in-unit washers and dryers, luxury vinyl plank flooring, oversized windows, modern cabinetry, and designer kitchens that position the property competitively within the Class A rental market at attractive pricing.
825 S Mariposa Ave
825 S Mariposa Ave, Los Angeles, CA 90005
$2,500,000
Fully entitled 58-unit multifamily development with 14 recreation rooms that will be converted into 14 ADU's on a 13,526.5-square-foot assemblage (823 & 827 S Mariposa Ave) in the heart of Koreatown, approved under Case No. DIR-2024- 4950-TOC-HCA with CEQA clearance via Notice of Exemption ENV-2024-4951- CE.
Entitled for a new 7-story building totaling 58,048 square feet with 58 units, including 6 units reserved for Extremely Low Income households, delivering a turnkey mixed-income project with no additional entitlement risk.
Vacant Land
Leverages TOC Tier 3 density and parking incentives along with AB 2097, eliminating minimum parking requirements while the plans still provide 54 vehicle and 42 bicycle parking spaces.
Located within a half-mile of the Wilshire/Vermont Metro Station and within a designated Housing Element rezoning site, positioning the property to benefit from the city's continued push for transit-oriented multifamily development.
Situated in the Wilshire Community Plan Area and Council District 10, offering proximity to Koreatown's dense employment, retail, and dining corridor as well as easy access to Downtown Los Angeles.
Existing structures have been demolished and the site has been cleared of rent control constraints through a 2022 Ellis Act withdrawal, and the property additionally qualifies as an ED1 Eligible Site, giving a buyer the flexibility to pivot to a 100% affordable program with by-right, ministerial approval if desired.
Roughly 94% of Wilshire Center-Koreatown households rent versus 6% own, with average submarket occupancy near 94% over the trailing three years.
Centrally located in Mid-Wilshire near Downtown LA's employment core, Koreatown is a dense, transit-connected cultural hub known for its 24/7 dining and nightlife scene, proximity to landmarks like LACMA and the Wiltern Theatre, and deep renter demand that anchors the neighborhood's rental market.
121 S Elm Drive
121 S Elm Drive, Beverly Hills, CA 90212
$6,400,000
Charming 1928 walk-up situated at the nexus of Beverly Hills' Golden Triangle, combining historic character with a walk score of 80 and immediate access to the city's most desirable retail, dining, employment, and entertainment amenities.
Master Lease Property offered at an attractive 5.45% cap rate and approximately $400,000 per unit, providing immediate cash flow and low basis in one of Southern California's most resilient rental markets.
Turnkey asset with substantial capital improvements completed within the last five years, including a full electrical system upgrade, new windows, new roof, and recessed lighting throughout, significantly reducing near-term capital expenditure requirements.
Average in-place rents of approximately $2,500 per month are roughly 24% below the Beverly Hills market average of $3,270 per month, providing residents with attainable housing in a premier location while offering investors meaningful long-term rental upside.
Average annual homeownership costs in Beverly Hills are estimated at $222,842, approximately 5.15 times higher than the average annual rent payment of $43,188, supporting long-term renter demand.
Irreplaceable Beverly Hills location, one of the most coveted and supply-constrained multifamily submarkets in Los Angeles, steps from luxury and dining destinations on Wilshire Boulevard, the Golden Triangle, Rodeo Drive, Robertson Boulevard, and along Beverly Drive.
Close proximity to major corporate hubs in Century City, West Hollywood, and Beverly Hills' own thriving business district, adding meaningful appeal for a broad and discerning renter base.
Positioned near the transformative One Beverly Hills development, a landmark luxury mixed-use project projected to exceed $10 billion in value and anchored by the West Coast’s first Aman Beverly Hills, featuring a 78-suite ultra-luxury hotel, private Aman Residences, a 100,000-square-foot Aman Club, luxury retail, destination dining, and expansive botanical gardens that are redefining Beverly Hills’ global luxury profile set to open in 2028.
Slated to open in early 2027, the Beverly Drive Metro D Line Station provides residents with convenient access to Beverly Hills' expanding subway network and direct connectivity to Downtown Los Angeles, Century City, Westwood, and other major employment centers throughout the Westside.
1030 N Orange Grove
1030 N Orange Grove Ave, West Hollywood, CA 90046
$9,250,000
27-units over 31 gated parking spots on a double lot in one of the County’s most dynamic and amenity-rich rental markets.
Excellent basis below replacement cost at $342,593/unit and $377/SF, with a strong day one 6.38% cash on cash return and levered IRR of 23.95%.
Rare positive leverage with a ~25% loss to lease and ~34.5% projected rental upside through a proven value-add renovation strategy.
Desirable assumable financing featuring a 4.48% fixed interest rate, interest-only through November 2029, at approximately 57% loan-to-value.
Affluent surrounding demographics with average household incomes exceeding $156,000 within a three-mile radius, supported by proximity to major employment centers including Beverly Hills, Century City, Hollywood, West Hollywood, and DTLA.
Ideally positioned just steps from Santa Monica Boulevard and the Fairfax District, offering effortless walkability to some of Los Angeles’ most sought-after dining, nightlife, and everyday conveniences, including Whole Foods Market, Delilah, Employees Only, and Laurel Hardware along with easy access to the iconic Sunset Strip and the vibrant Melrose Avenue corridor.
Centrally located within minutes of Southern California’s premier shopping destinations including Melrose Place, Robertson Boulevard, Rodeo Drive, Beverly Center, and The Grove, placing world-class retail, dining, and entertainment at your doorstep.
Significant capital improvements including a new roof, copper plumbing upgrades, new hot water tanks, exterior paint and waterproofing, upgraded elevator cab, new lobby mailboxes, and enhanced landscaping.
Renovations to unit interiors can close the gap of 25% in loss to lease or an additional ~$189,000 annually while further improvements to the common areas such as tenant gathering spaces, laundry room improvements, fitness amenities, pet amenities, and enhanced signage will further enhance returns.
1534 Winona Blvd
1534 Winona Blvd, Los Angeles, CA 90027
$3,600,000
16 units on a prominent corner lot just north of Sunset Boulevard in the coveted 90027 zip code, surrounded by major healthcare and entertainment employers, walkable daily conveniences including Whole Foods, Target, and Ralphs, and some of Los Angeles' most sought-after dining and cultural lifestyle destinations.
Offered at $225,000 per unit and $293 per square foot, providing an attractive basis well below replacement cost.
Stable in-place 5.37% cap rate and 10.83 GRM, with ~10.6% projected rental upside, creating an opportunity for both current cash flow and future income growth.
Positive leverage yielding a going in 5.61% cash on cash return via assumable fixed rate financing at
3.25% through 2028.
Located within the coveted 90027 zip code, offering residents convenient access to Los Feliz, Silver Lake, Hollywood, and Downtown while benefiting from a more attainable rental profile than many competing submarkets.
Surrounded by major employment centers and industry-leading employers including Netflix, Paramount Pictures, Children's Hospital Los Angeles, Kaiser Permanente, Hollywood Presbyterian Medical Center, Los Angeles City College, and numerous entertainment, healthcare, and creative industry firms.
Minutes from some of the area's most acclaimed dining, entertainment, and cultural destinations, including Saffy's, Found Oyster, Friends & Family, Hollywood Forever Cemetery, Griffith Park, Los Feliz Village, and the vibrant commercial corridors along Vermont Avenue and Hollywood Boulevard.
146-150 Douglas Street
146-150 Douglas Street, Los Angeles, CA 90026
$3,750,000
24 units offering city views and immediate access to recreation including Vista Hermosa Natural Park’s open space, community pool, and tennis courts within a quarter mile, while
benefiting from convenient proximity to Downtown Los Angeles and Silver Lake.
Offered at $156,250 per unit and $350 per square foot, providing investors an attractive basis well below replacement cost in one of Los Angeles' most s ought-after urban
neighborhoods.
Stable in-place income offered at a 6.04% capitalization rate and 9.71 GRM, with ~27% projected rental upside, creating an opportunity for both immediate cash flow and future
income growth.
Exceptional positive leverage through assumable financing at 3.25% generating a going in 7.93% cash on cash return.
All tenants currently paying rent with no Section 8 tenancy, split across two lots providing operational efficiencies without the requirement for an on-site resident manager.
Located just minutes from Downtown Los Angeles' largest employment centers and business districts, with convenient access to the 101 and 110 Freeways and the Metro
rail system, providing seamless connectivity to DTLA, Hollywood, Pasadena, Koreatown, Burbank, and other major employment hubs throughout the region.
Surrounded by some of the neighborhood's most popular dining, entertainment, and lifestyle destinations, including Clark Street Diner, Bar Flores, Lowboy, Bacetti, Quarter
Sheets, Canyon Coffee, Echo Park Lake, Dodger Stadium, and Elysian Park.
1400 Venice Blvd
1400 Venice Blvd, Venice, CA 90291
$12,950,000
1988 construction, 31-unit multifamily apartment building located in the heart of Silicon Beach, situated on a prominent corner lot with abundant natural light and not subject to City of Los Angeles rent control
Located just moments from Abbot Kinney Boulevard, one of the premier retail corridors in the nation with some of the highest retail rents in Los Angeles, the property offers an irreplaceable live-work-play location approximately six blocks from the beach with an 85 Walk Score and 85 Bike Score
Residents benefit from common area amenities including a fitness center, an onsite laundry facility, a rare rooftop lounge with 360 views of West LA, and 62 subterranean parking spots, offering a 2:1 parking ratio
13 renovated units feature stainless steel appliances, quartz countertops, dishwashers, in-unit washers and dryers, and modern cabinetry throughout
Well-maintained property with consistent upgrades including a recent elevator update with a completed 5-year load test, and a new roof in 2023
Select units equipped with manufactured wood floors and feature walk-in closets and balconies with mountain or ocean views. All units have wall HVAC in each bedroom and living room.
Opportunity for a Buyer to achieve 13.34% in rental upside through closing the lose to lease. Additional upside available by renovating interiors upon vacancies
Potential to convert the existing storage space into a wine cellar or storage lockers
The Property benefits from a strong renter demographic with an average household income exceeding $220,000 within a one-mile radius, supporting continued occupancy and future rental growth potential
1500 Venice Blvd
1500 Venice Blvd, Venice, CA 90291
$3,350,000
Built in 1985, the Property is a 9-unit multifamily apartment building located in the heart of Silicon Beach, situated on a prominent corner lot with abundant natural light and not subject to City of Los Angeles rent control
Offered at approximately $372k per unit in a non-rent controlled asset, the property presents a compelling value-add opportunity with strong rental upside
Ability for a Buyer to achieve over 29% in rental upside or an additional ~$80,000 in annual NOI through closing the loss to lease. Upgrading the unit interiors to feature stainless steel appliances and in-unit washers and dryers will further enhance returns
Located just moments from Abbot Kinney Boulevard, one of the premier retail corridors in the nation with some of the highest retail rents in Los Angeles, the property offers an irreplaceable live-work-play location approximately six blocks from the beach with an 85 Walk Score and 85 Bike Score
Select units equipped with Caesarstone countertops, manufactured wood floor, private balconies, large closets with ample storage, fireplaces, and wall HVAC in each bedroom and living room
Residents benefit from an onsite laundry facility, charming center courtyard, and 15 gated parking spots, boasting a parking ratio of1.67 spaces per unit
The Property benefits from a strong renter demographic with an average household income exceeding $220,000 within a one-mile radius, supporting continued occupancy and future rental growth potential
Gramercy Place
300 S Gramercy Place, Los Angeles, CA 90020
$8,200,000
First time on the market in over 15 years, this well maintained multifamily asset offers a compelling unit mix of twenty one (21) one bedroom residences and twelve (12) two bedroom residences, featuring generous layouts ranging from approximately 700 to 900 square feet
Offered below replacement cost at $248,485 per unit and $260 per square foot, positioning the property as a rare, irreplaceable investment opportunity in a supply constrained submarket
Significant rental upside of approximately 20%, with the ability to enhance returns from a 5.5% in place cap rate to an attractive 7.1% pro forma cap rate, achieving a compelling 8.4 GRM upon stabilization
Existing assumable financing with an outstanding balance of $4,050,000, featuring a 3.49% interest only fixed rate, and a 30-year term with 3 years remaining on the current interest rate providing investors with stable, below market debt
Irreplaceable corner lot location on a 14,584 square foot parcel at the coveted border of Hancock Park and Koreatown, seamlessly blending neighborhood character with premier urban connectivity
Modern, light filled residences featuring stainless steel appliance packages (refrigerator, stove/oven, dishwasher, and built in microwave), wood flooring, walk in closets, sliding glass balcony doors, updated bathroom vanities, and wall mounted air conditioning units
Upper floor units command premium views, with select third and fourth floor residences offering tree lined neighborhood outlooks and distant Hollywood Hills vistas, enhancing tenant demand and rent potential
Substantial capital investment completed, with 23 units remodeled to include hardwood or vinyl plank flooring, granite countertops, contemporary fixtures, upgraded kitchens and bathrooms with new tile and cabinetry, allowing a new owner to capitalize on prior improvements
Park Terrace Apartments
504 S La Fayette Park Pl, Los Angeles, CA 90057
$10,800,000
First time on the market in 15+ years, this three story, 51 unit, 1979 Vintage, wood frame property totals 40,632 SF on a 20,685 SF lot, with individual metering and 100 secured underground parking spaces accessible from east and west entrances
First time offered for sale by a long-term, institutional quality ownership group transitioning back to industrial assets. Offered below replacement cost at $211,000 per unit and $266/SF, the property provides 25%+ upside potential, currently priced at a 5.25% cap rate and 10.0 GRM
Existing assumable financing with an outstanding balance of $4,316,000, featuring a 3.49% interest only fixed rate, and a 30-year term with 3 years remaining on the current interest rate providing investors with stable, below market debt
Mid-century modern–influenced mid-rise apartment building featuring open kitchens with white cabinetry, granite countertops, white or stainless-steel appliances, partial breakfast counters, and flat panel upper and lower cabinets
Bright, large open units with abundant natural light, private balconies, sliding patio doors, open floor plans, wood flooring, and wall mounted AC units
Functional bathroom layouts with tub/shower combinations, sliding doors, exhaust fans, and a recessed hallway vanity with built in cabinetry and sink
Well maintained building systems, including a regularly serviced elevator, new roof installed in 2023 under warranty, upgraded electrical panels, and new boilers as of 2020 and 2023
San Palma Apartments
238 S La Fayette Park Pl, Los Angeles, CA 90057
$3,350,000
First time on the market in 15 years, presenting a rare opportunity to acquire an 18-unit, 1967 vintage, 18,093 SF stabilized multifamily asset on highly coveted Lafayette Park Place, one of Los Angeles’ most desirable residential streets
Offered well below replacement cost at $186,111 per unit and $185 per square foot, positioning the property as a truly irreplaceable long-term hold in a supply constrained urban infill location
Highly attractive investment metrics, featuring a 9.4 Gross Rent Multiplier, approximately 28% rental upside, and the ability to enhance returns from a 5% in place cap rate to a projected 7.66% cap rate and 7.0 GRM
Existing assumable financing with an outstanding balance of $1,092,000, featuring a 3.59% fixed interest rate, and a 7‑year term with 3 years remaining, providing investors with stable, below‑market debt
Spacious, thoughtfully designed units with no stacked layouts, offering superior livability and featuring abundant natural light, stainless steel appliances (refrigerator, dishwasher, stove/oven, built in microwave), wood flooring, open kitchens with granite countertops, slab style cabinetry, and integrated hallway storage with upper and lower cabinets, and on-site laundry providing consistent tenant convenience and dependable ancillary income
Exceptionally bright residences highlighted by floor to ceiling windows and sliding patio doors, expansive private balconies, dark wood flooring, wall mounted air conditioning, generously sized bedrooms with full height built in closet swing doors
Pool currently drained and covered to reduce operating expenses, unlocking a compelling value add opportunity to potentially repurpose the area for ADU development without compromising parking or existing amenity spacing
419 S. Spring Street
419 S. Spring Street, Los Angeles CA, 90013
Open Bid
Fee Simple Sale of a 13-story asset with 78 feet of street frontage with RTI plans to develop 180 keys for under $100,000/Key
122,000 SF landmark building mid-construction with irreplaceable architecture, open floorplates, and strong adaptability for hotel, mixed-use, or experiential hospitality concepts
Offers a 30%+ levered IRR, driven by an attractive basis, low initial acquisition cost, and RTI plans
Previous owner spent over $50MM in pre-development costs
Property has secured $2.5m in key money from Hilton Tempo
Operations are expected to benefit from heightened tourism and event activity leading up to and during the 2028 Los Angeles Olympics, with major host cities historically experiencing 2–4 years of elevated hotel performance post-Games due to increased international visibility and long-term tourism momentum
Walking distance to the Broadway corridor, Pershing Square Metro, restaurants, nightlife, and major DTLA capital investments , supporting continued demand and long-term value creation
Food and Beverage options will be featured in the lobby restaurant with an attached mezzanine bar/lounge. Guestrooms are located on 2-12 floors
UCLA has just occupied 100 staff in the Trust building next door to 419 and will the full campus activated in a year
Bayfair Apartments
16077 Ashland Ave, San Lorenzo, CA 94580
$34,500,000
Bayfair Apartments presents a rare opportunity to acquire a well-maintained, extensively renovated 135-unit property below replacement cost at $255,556 per unit and $353 per square foot
The property is offered at a strong in-place cap rate of 6.00% to be a pro forma cap rate of 7.33% with 14.9% upside
Situated on a 4.39-acre lot with a rare 2:1 parking ratio (270 spaces) and potential for Accessory Dwelling Unit (ADU) development in the underutilized Northwest corner of lot
Many units are updated with simulated wood flooring, stainless steel appliances, granite counter tops, and updated fixtures, further operational upside remains through rent growth and unit modernization
Investor opportunity to improve income by closing 11.21% of loss-to-lease, with additional upside allowing an investor to capture a 15.43% mark to market through unit renovations
Submarket rent growth projected to rise 16.6% over the next five years
The average household income within a five-mile radius is $138,822— representing just 17% of income going towards in-place rents at Bayfair Apartments—and is projected to grow 18.1% over the next five years
Centrally located in Alameda County, San Lorenzo offers direct access to Highways 238, 880, 580, and 680 and is within a mile of the Bayfair BART Station, providing seamless connectivity to San Francisco, Oakland, San Jose, and Silicon Valley—home to major employers including Salesforce, Google, Apple, Facebook, and Tesla
1941 White Ave
La Verne, CA 91750
1941 White Ave sits on a large, 5-acre development site located on a corner lot in Los Angeles County, on the metro adjacent to the core Inland Empire between Montclair and Pomona
Priced at an attractive basis of $40,872/unit and $72/sq ft
Fully Entitled Property has been approved for 323 market-rate units, 44 Section 8 units, and 1,588 square feet of additional retail space
The Owners hired Architects Orange, MJS Landscape Architecture, and Fuscoe Engineering to develop full scope Architectural Plans, featuring 367 units, 6,275 square feet of community amenities, 1,588 square feet of retail space, 63,848 square feet of common open space, and 511 parking spaces
Situated within five miles of numerous prestigious universities, including the five Claremont Colleges, Cal Poly Pomona, La Verne University, and Western University
Convenient location steps to LA metro line slated to open in early 2025 and a 5-minute drive to the I-10 freeway, connecting to major employment hubs in Greater Los Angeles Area
Projected Rent Increase indicates La Verne asking rents expected to rise by 11.5% over the next five years
High Tenant Demand with submarket occupancy averaging nearly 99% over the last three years
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