3301 S Canfield Ave
Los Angeles, CA 90034
$40,000,000
Slated for completion in May of 2024, 3301 Canfield Ave is a meticulously designed multifamily asset comprised of 62 units—centrally located in West LA between Westwood, Beverly Hills, and Culver City
Competitively priced below replacement cost at $477 per square foot and a 5.16% cap rate upon lease-up
Arranged in a mix of large one-, two-, and three-bedroom floorplans, the units feature high-end fixtures and finishes—equipped with stainless steel appliances, wood-plank floors, nine-foot ceilings, nest thermostats, and in-unit washers and dryers
Each unit is equipped with a keyless entry system, offering tenants the flexibility to access their unit using a key fab, door code, or smartphone
Community amenities include a state-of-the-art indoor/outdoor fitness center, a coworking lounge with a separate conference room, two large sundeck lounge areas with barbecues and 360 views of Los Angeles, Amazon storage lockers, and controlled access entry to the building
Direct access to best-in-class shopping and dining destinations in Los Angeles, from Beverly Hills triangle and Century City Westfield Mall to the Brentwood Country Mart and Third Street Promenade in Santa Monica
Surrounded by known tech hubs of Culver City and the “Silicon Beach” cities of Santa Monica, Venice and Playa Vista
Close proximity to the 10 and 405 freeways, two of the most-used thoroughfares in Los Angeles
Park Wilshire
2424 Wilshire Blvd
$36,500,000
Attractively low basis at $~215K/unit and $324/square foot, well below replacement cost
Below-market assumable financing available at 3.99% interest-only, fixed for two more years, and an option to assume an additional supplemental loan
Opportunity to close loss-to-lease and focus on income-producing upgrades for a pro-forma cap rate of 7.46% with minimal capital expenditures
Beautifully redone common areas that capture Italian Renaissance charm while providing a full range of modern amenities
Ideally located at the conjunction of dynamic markets of Downtown Los Angeles, Koreatown, and Hollywood and within 1.5 miles from both the 110 and 101 freeways, conveniently positioned to access Los Angeles’ largest employers
Substantial tax benefits secured through privileged Mills Act designation
With a remarkable walk score of 95 out of 100, the property is ideally located just one block from Westlake MacArthur Park and a short stroll from the burgeoning restaurant scene, making it an ideal residential choice for those seeking historical charm and urban convenience
Positioned approximately one mile from Downtown Los Angeles and the Mid-Wilshire/Koreatown employment hubs
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
511 Pier Ave
Santa Monica, CA 90405
$2,500,000
8-unit, value-add multifamily investment on a 6,999 square-foot lot, located just blocks from Santa Monica Beach
Unique unit mix of (1) studio, (6) townhome style one-bedroom, and (1) townhome style two-bedroom floorplans, priced at $312,500 per unit and $357 per square foot
Townhome-style units have two entrances, one at each level, large walk-in closets, and fireplaces
Competitive going-in cap rate at 4.3% to stabilize at nearly a 9.5% cap rate
Rare opportunity to obtain a well-maintained asset and achieve up to 46.55% in rental upside by increasing rents, improving the common area space, and renovating unit interiors with stainless steel appliances and high-end finishes and fixtures
An astute buyer can capture additional upside by adding 2 ADUs in the existing covered parking lot
Amenities include a lush garden landscape, an on-site laundry room, and 12 covered parking spaces
Boasting a strong walking score of 85 out of 100, the property borders Santa Monica and West Los Angeles with views of the Santa Monica Mountains and the Santa Monica State Beach and is in proximity to Santa Monica Airport, Main Street, Penmar Golf Course, Abbot Kinney, employment hubs, entertainment, and restaurants
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
27 - 29 Breeze Ave
Venice, CA 90291
$4,850,000
Charming eleven-unit multifamily apartment building with a shared open patio located on a coveted walk-street just steps from world-renowned Venice Beach
First time on the market in over 50 years
Currently at a 4.02% cap rate, with a Pro Forma cap rate of 5.22%, and a 6.20% cap rate with the addition of ADUsWell-maintained property built in 1910 with consistent upgrades and complete with new plumbing and electrical
The property consists of (1) studio, (6) one-bedroom, (1) two-bedroom, and (1) three-bedroom layouts, all of which have hardwood floors, updated kitchens and bathrooms, new plumbing and electrical, with an onsite laundry facility and spaciou patios for two bottom floor units
Opportunity for Buyer to achieve 20% Rental Upside through strategic renovations including further updating the unit interiors and revitalizing the front patio with new landscaping and outdoor furniture
An astute Buyer can increase the NOI by approximately $50K per year by adding 2 ADUs in the existing parking lot
Rare-to-the-area on-site parking with 8 spots
1227 21st St
Santa Monica, CA 90404
$6,675,000
Well-maintained 12-unit multifamily apartment complex on a 10,164-square-foot double lot in Santa Monica between Whole Foods, Trader Joe’s, and St John’s Hospital
Upgraded units include recessed lighting, all-new kitchens with stainless steel appliances and tile backsplashes, in-unit washers and dryers, and high-end finishes and fixtures
The property features a pitched roof, central heating and air, individual water heaters in each of the units, a well-landscaped center courtyard, and rare-to-the-area on-site parking with 10 covered parking spots
Below-market assumable financing at 3.57% fixed for five years
Positive leverage with upside—currently at a 4.09% cap rate, with a pro forma cap rate of 7.31%
Opportunity for a Buyer to achieve 58% Rental Upside through upgrading the seven unrenovated units, updating the center courtyard and building exterior, and constructing two 750-square-foot ADUs over the rear carport without sacrificing any parking spots
Favorably positioned in world-renowned Santa Monica—one of the most sought-after multifamily rental markets in the country
Just one block south of Whole Foods and Trader Joe’s, and one block north of St Johns Health Center
Within walking distance to boutique- and restaurant-lined Montana Ave and a short 10 minute bike ride to the beach, Jonathan Club, Annenberg Beach House, Santa Monica Place, the pier, and Main Street
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