In Escrow, non-contingent. Bankruptcy Court OVERBID date is NOVEMBER 19,2024 WITH OVERBID OFFERS DUE NOVEMBER 15, 2024. FIRST OVERBID SHALL BE $200K OVER THE CURRENT $5,650,000. All Tenants are month to month - TOC Tier3 - Enterprise Zone - ED1 Eligible FIVE BUILDINGS (31,539+/-SF) on TWO PARCELS/LOTS of land (33,000+/- SF) located at the corner of W. Jefferson Blvd. and S. La Brea Ave. Perfect development play or for an owner/user. All Tenants are month to month and the price per square foot is insanely low.PHASE 1 & PHASE 2 Environmental completed and no action required. Clean bill of health and ready to sell. Days on market were due to a previous Title issue that has now been cleared. The properties must be purchased together as a portfolio and are subject to the Bankruptcy Court Overbid process.THE $5,650,000 CONTRACT PRICE IS AT AN INCREDIBLY LOW PRICE OF UNDER $200 PER SQUARE FOOT AND IS SUBJECT TO OVERBID IN BANKRUPTCY COURT.
Welcome to 6127 Saturn St: Located in the heart of Los Angeles this multi-family/rental income property offers an excellent investment /redevelopment opportunity. With 10 bedrooms, 8-bathrooms the property has approximately 5,625 square feet of livable space. The property is situated in the vibrant Pico-Robertson area, a stone's throw from Beverly Hills. The location offers convenience and modern living, with superb dining, shopping, and entertainment hot spots nearby, including The Beverly Center and The Grove. The property is also near top schools, lush parks like La Cienega, and premier medical facilities including Kaiser West LA. Upgrades include soft-story EQ retrofit, copper plumbing, electrical box, double-pane windows, and EQ gas shut-off valves. Inside the units, wood flooring can be found beneath the carpets and there are durable laminate surfaces. The property also features a communal laundry room, and each unit has a storage space under the carport. Current rents are below market rates, presenting a significant upside potential for the discerning investor.
Nestled within the vibrant hills of Echo Park, this distinctive 6-unit building presents an enticing opportunity for both homeowners and investors, boasting captivating vistas of the Downtown Skyline. With a total of 15 bedrooms, 11 bathrooms, and 4150 sq ft of living space, this expansive property is a rare gem, offering a desirable cap rate exceeding 5%. The unit breakdown includes two units featuring 2 bedrooms and 1 bath each, two additional units offering 2 bedrooms and 2 baths each, one unit comprising 3 bedrooms and 2 baths, and a back house unit providing 4 bedrooms and 3 baths. Each unit showcases generous kitchens with an inviting open layout. Recently renovated, the property boasts new flooring, kitchens, bathrooms, fixtures, recessed lighting, appliances, and fresh paint throughout, ensuring modern comfort and style. With separate electrical meters for each unit and parking available for some, this investment promises ample cash flow. Ideally located just minutes away from Downtown Los Angeles, Silver Lake, and Koreatown, residents enjoy easy access to a plethora of amenities and attractions, including Dodger Stadium and the scenic trails of Elysian Park. Enhancing convenience, the complex is gated, while ample parking is provided at the rear of the property. With nearby parks and entertainment options, this dynamic neighborhood offers endless opportunities for leisure and exploration.
DEVELOPMENT OPPORTUNITY SIDE BY SIDE PROPERTIES SOLD TOGETHER ONLY AS ONE SALE- Listing price is for both parcels $2,500,000. 1139 S. Kingsley Dr. APN# 5080-026-008 & 1145 S. Kingsley Dr. APN# 5080-026-009 - Approximately 11,800sq.ft. both parcels combined. R-3 ZONING TOC-TIER 2. Excellent location in a Developmental Project area. Can be developed into a Multi-Unit building. Located within the Koreatown redevelopment project area. Koreatown Galleria supermarket & retail stores in very close distance. Dense demographic neighborhood. Close proximity to Olympic Blvd & Western. BUILDING SIZE: 2,902 sq. ft. + 1,665 sq. ft. = 3,757 sq. ft. (combined). LAND SIZE: 5,900 sq. ft. + 5,902 sq. ft. = 11,802 sq. ft. (combined) ZONING: R3-1 TRANSIT ORIENT COMMUNITIES Tier 2. Most renters are currently on a monthly basis. 1139 S Kingsley Triplex: 3 Beds+2 Bath 2,092 sq. ft. / 1141 S Kinsley 1bed+ 1bath. / 1141 S Kingsley 1 Bed +1 Bath. 1145 S Kingsley Duplex: 2 Beds/ 1 Bath 1,665 sq. ft. / 1145 1/2 S Kingsley 1 Bed +1 Bath(scheduled to be vacant). Broker and Broker agents do not guarantee the accuracy of bed/bath count and square footage. Buyer is advised to independently verify the accuracy of all information, through their own research, personal inspection, building permits or with appropriate
An exclusive side-by-side Tudor duplex accompanied by an additional ADU, Boasting an impressive total of approximately 6,480 square feet of living space on an expansive 8,878 square foot lot, this residence presents an unparalleled opportunity for investors, with a potential 6+ CAP rate on the horizon. Unit 4440 offers five bedrooms and four bathrooms, providing comfortable and spacious living quarters, while Unit 4442, has seven bedrooms and seven bathrooms, and will be delivered vacant. Along with the two main units is an approximate 350 square foot ADU that can help supplement the property's cash flow. Meticulously updated with new waterproof flooring, sleek bathrooms, and modern kitchens featuring new cabinetry, granite countertops, and stainless steel appliances, both units exude sophistication and style. Additionally, new central AC and ducting ensure year-round comfort and efficiency, while separately metered utilities offer added convenience and flexibility.
We are thrilled to present a 21 Unit mixed-use compound in Jefferson Park that will be delivered 100% vacant at close of escrow. The property consists of 15 residential units, and 6 commercial units totaling 13,331 RSF. It is perfectly positioined for an investor seeking a high-cash flow property. Potential uses include Project Based Section 8, Permanent Supportive Housing, or a creative application such as "Live-Work" use. With the units being deivered all vacant, a new owner has the opportunity to lease out at Section 8 rents and generate an unheard of 9.09% cap rate! The property has had significant upgrades in the past 5 years including plumbing, electrical service, sewer, HVAC, roof, and interior renovations. There are 14 parking spaces on the 16,906 lot, and the zoning is Lac2. The location is ideal and central to University Park, USC and West Adams. It is 1/2 mile to the Expo Line/Western Station, and in close proximity to Exposition Park, California Science Center, and the Lucas Museum.
Experience a truly unique gem nestled in the heart of Leimert Park - a stunning Spanish-style beauty showcasing six impeccably maintained units. Many of these units have been extensively remodeled and upgraded, boasting modern touches like new flooring, granite countertops, and elegantly renovated bathrooms.The building features two spacious 2-bedroom, 1-bathroom units and four generous 1-bedroom, 1-bathroom units. Each residence offers a sizable living room and dining area, with select units boasting decorative fireplaces and higher ceilings for added allure.Moreover, this property offers the convenience of garage parking and on-site leased washer and dryer facilities, further enhancing its appeal to potential tenants.Perfectly positioned in a central location, this investment property grants easy access to shopping centers, diverse dining options, and entertainment hubs, solidifying its attractiveness to renters. This rare opportunity in the vibrant Leimert Park area won't linger on the market for long.
Exceptional Triplex Investment Property!!!!! Opportunity Knocks! Capitalize on this rare chance to own an upgraded and versatile investment property, promising a significant income-generating potential. Total of 3 units (Two 2 Bedroom & 1 Bath units, One 1 Bedroom & 1 Bath unit) Excellent, with numerous upgrades throughout Seeking an astute investor ready to take advantage of an already outfitted triplex. Investment Highlights: Space to Grow: Room for the addition of living spaces, tailor-made for expanding rental prospects or personal customization. A Due Diligence Reminder: Buyers are advised to conduct their own investigations to affirm the property's potential and compliance with all local regulations. For more details or to express your interest, please call the listing agent today. Don't miss this unparalleled investment prospect positioned for growth and profitability! Please do not go direct or disturb tenants. Thank you!
This TRIPLEX consists of two x 4 bedroom x 2 bathroom apartment units, approximately 1,312 SF units newly built in 2006 and a SFR of 2 x bedrooms x 1 bathroom of approximately 985 SF. This outstanding property is located in the Highland Park neighborhood along trendy York Blvd., a street stocked with gastropubs, art galleries, restaurants, and new shops. The property consists of a charming craftsman-style house that has been upgraded with a handicap ramp. The house would make an excellent rental opportunity or owner-occupant. The rear of the property consists of two rare four-bedroom, two-bath apartments built in 2006. Both units are in excellent condition, as is the overall property, which is a pride of ownership move-in ready condition. The property would make a perfect long-term investment opportunity as a well-maintained tri-plex complex. An owner-occupant could utilize the front craftsman house and collect rental income on the two apartments in the rear. Each unit has separate gas and electric meters. Close to public bus and Metro line transportation and minutes to 110 freeway. The property was built in 1913 and 2006 and shall be delivered empty at the close of escrow, very well maintained by institutional ownership.
ONE UNIT DELIVERED VACANT. Assumable loan at 2.625% - 4 Units Fully rented! Exceptional income! Excellent Income! Professionally Managed! 2,280 sf on 7,128 sf of land. Build an ADU! Rear of parcel allows for an additional unit/ADU. Existing 4 Units have 1 Bedroom/ 1 bath each. The are 2 freestanding units at the front of the property. The 2 Units at the rear of the property share one wall. 3 of the units are updated with laminate flooring, new tile and cabinetry as well as quartz countertops. (Reported rents are rounded to the nearest dollar. ) Long term tenant in front left unit.
Here's an exceptional opportunity to own a superb property in a highly sought-after location. This building not only boasts low-maintenance upkeep but also offers ease of management, making it an ideal investment choice. The majority of units feature distinctive high vaulted ceilings, enhancing their allure and appeal.This property includes three garages and seven carports, providing ample parking space for residents. With central water heating and separate utility metering, it offers added convenience and efficiency. Additionally, tenants benefit from a dedicated laundry room within the building.Bringing forth immense potential, this property is strategically situated in a central location. It comprises a diverse mix of units, including a spacious 3-bedroom, 1.5-bathroom unit, a comfortable 2-bedroom, 1-bathroom unit, four cozy 1-bedroom, 1-bathroom units, and three single units with 1 bathroom each.Conveniently adjacent to Leimert Park, residents enjoy easy access to public transportation, including trains and buses. Don't let this remarkable investment opportunity slip by!
This gem of a property is located in a very popular area of Los Angeles. Property is located close to schools, shopping centers, freeways, Sofi football stadium, Inglewood Kia Forum, Casinos and the new Intuit Dome and many other amenities.
The Park View 21 consists of 3 street level commercial units + 18 residential studios. Delivered with 3 VACANT residential units, the property provides an owner the opportunity to add immediate value through a renovation and lease-up process. Situated on the Northeast corner of Park View St and 11th St, this building is strategically located in the rapidly changing Pico Union submarket adjacent to Downtown LA. This pocket has become increasingly sought after by tenants for its proximity to Downtown LA, Koreatown, and the high-density composition of the neighborhood. Seller is open to discussing Seller financing scenarios. Contact the listing team for additional information.
***YOU DON'T WANT TO MISS THIS GREAT INVESTMENT OPPORTUNITY! *** Rare opportunity to own one of the most valued income properties in a prime location in the LA market! This Quadruplex is in Harvard Heights, in the heart of Los Angeles. This property is just minutes away from Korea Town & DTLA! The property is conveniently located near shopping centers, restaurants, public transportation, and quick access to the 10 & 110 freeways. This 4-unit complex is in a highly desirable upcoming neighborhood and has tremendous income potential growth. The property includes 4-units total. 2 units on the ground floor & 2 units on the 2nd floor. The 2 ground floor units are 1 bedroom & 1 bathroom. The 2 units on the 2nd floor are 2 bedrooms & 1 bathrooms. All units are well-sized, with original features throughout the interior and boast ample space with desirable square footage & natural lighting. All electric & gas meters are separate for each unit. This is a great opportunity to start your portfolio as an investor. Make your offer today before it’s too late!
Newer custom townhouse style apartments with so many upgrades. Drive up and be taken in by the modern chic building. Enjoy the modern amenities with a spacious floor plan. Located just a few blocks from USC, Exposition Park, the Coliseum Natural History Museum, LA Memorial Coliseum and a short commute to DTLA. This location is so close to USC Campus and just a short commute into DTLA. Energy Efficient Central AC/Heat system. -Balcony. -Water resistant vinyl wood floors. -Gray Shaker cabinets with quartz countertops. -LED energy efficient recessed lighting. -In unit stackable washer and dryer -Stainless steel appliances included (refrigerator, stove & dishwasher). -Two gated/secure parking spaces. -Gated secure building with cameras. Spectrum Internet (200mps) & Cable included for tenants. Attractive assumable loan available. Please inquire.
This well-maintained duplex built in 2019, not subject to LA City control, features two spacious units, each with 5 bedrooms and 3 bathrooms. The property is perfect for investors or owner-user. Both units are currently occupied by a non-profit program. Monthly rents are $3,200 for the front unit & $3,200 for the rear unit. The tenants have occupied the units since 2019 and pay for all utilities and maintain the building. The current owner has not raised the rents since 2019; there is sizable upside potential. There is an attached 1-car garage in the front & 2-car garage in the rear. Conveniently located near markets, shopping, schools, public transportation, freeways, and Downtown L. A.
Income producing property with higher potential. Tax records show this as a triplex. 3/2 front unit - Rear (Two) 2/1 units ** Owner's collect 3 rents that are at 87% of its potential!!!!! 3Units, BOTH 2 BEDROOMS WILL BE VACANT AT COE!!!! sold As-Is, Repairs by Seller's. Unit 1 = 2+1 = Section 8 = 1456.00 Unit 2 = 2+1 = Paid = 2666.00 Unit 3 = 3+2 = Paid = 2456.00 800 sq ft Storage Shed which can be converted to another 1bd?/Laundry Facility /ADU Buyer to make own measurements. Rear Parking Spaces Front 3/2 unit has own private yard and separate entrance. Long pathway to rear units, Also note: the area near carport is another 400-500sq ft that is not counted in agents footage of this property and possible space for ADU & Laundry facilities Walking distance to the newly developed Sports Stadium, Restaurants, Shopping Centers, Markets and places of Worship. **Drive by ONLY ** DO NOT WALK ON PROPERTY OR DISTURB TENANTS**See Agents remarks for more details! NOTE: The owners wants agent to disclose Buyer to verify all MLS information including permits & uses parking, bed/bath counts, Square footage, schools and their enrollment availability. Buyer is advised to investigate all aspects of the property & verify the accuracy of all information provided.
This well-maintained duplex built in 2019, not subject to LA City control, features two spacious units, each with 5 bedrooms and 3 bathrooms. The property is perfect for investors or owner-user. Both units are currently occupied by a non-profit program. Monthly rents are $3,200 for the front unit & $3,200 for the rear unit. The tenants have occupied the units since 2019 and pay for all utilities and maintain the building. The current owner has not raised the rents since 2019; there is sizable upside potential. There is an attached 1-car garage in the front & 2-car garage in the rear. Conveniently located near markets, shopping, schools, public transportation, freeways, and Downtown L. A.
SELLER MOTIVATED! HUGE UPSIDE!! 5511 Smiley Drive is a 7-unit apartment building situated in the heart of the burgeoning West Adams neighborhood. The property's diverse unit mix consists of one 2+2, three 2+1's, and three 1+1's. The building has had numerous upgrades such as security camera installation, vinyl windows, and a newer roof and exterior paint. There is ample tenant parking as well as owned communal laundry machines and a storage room that could be rented or retained for the owner's use. Lastly, the 7,200 square foot lot is 50% larger than the standard 4,800 square foot lot for the area. Superbly located just steps away from the heart of the West Adams commercial corridor, 5511 Smiley Drive provides residents with many of the great things LA has to offer right outside their front door. The property features a stellar 83 walk score and is central to major employment, freeways, and points of interest alike. Tenants with children have numerous nearby parks and schools to choose from, including Westside Neighborhood Park, Marvin Avenue Elementary, Argo Navis Middle School, and Hamilton High School. Public transit is easily accessible at the La Cienega/Jefferson Metro station 0.7 miles away. With 5511 Smiley, you can hedge against inflation, exploit tax advantages, and add more value.
2637 S Redondo Blvd is an 8-unit garden-style apartment building located in the West Adams neighborhood of Los Angeles. The property's unit mix consists of eight open concept 1+1's, seven of which have been extensively remodeled to include new paint, laminate flooring, windows, kitchens, and bathrooms. The exterior of the building has also been painted and re-landscaped. Each unit has its own water heater and is individually metered for gas and electricity. Located just minutes away from Culver City, Mid-City, and the University of Southern California, 2637 S Redondo Blvd provides residents with a central starting point for commuting. The property boasts a fantastic 84 walk score and is located just 0.7 miles away from the Expo/La Brea Metro station and 0.5 miles from the nearest I-10 freeway on-ramp. Tenants can enjoy a variety of new area amenities featured in the ever evolving West Adams neighborhood. Tenants with children have numerous nearby parks and schools to choose from, including Rancho Cienega Recreation Center and Cienega Elementary School. With 2637 S Redondo Blvd you can hedge against inflation, exploit tax advantages, and add more value.
Introducing this amazing 4 unit multifamily property in turnkey condition in the South Park neighborhood of Los Angeles. Two buildings sit on the lot which are comprised of two duplexes: 'structure one' is completely brand-new construction and 'structure two' is a meticulously "studs up" renovation. The front structure underwent a complete overhaul and now consists of two modern 2 bd + 1 ba units. The rear structure is brand new construction with a mix of one 2 bd + 1 ba and one 1 bd + 1 ba ADUs. All units are separately metered for all utilities (water sub-metering) and include open floor plans, modern kitchens, air conditioning and hard wood flooring. Its central location provides investors an extensive tenant pool. USC is a short 3 mile drive, Downtown LA is minutes to the North and access to the 110 Freeway is less than a mile away.
Introducing this amazing 4 unit multifamily property in turnkey condition in the South Park neighborhood of Los Angeles. Two buildings sit on the lot which are comprised of two duplexes: 'structure one' is completely brand-new construction and 'structure two' is a meticulously "studs up" renovation. The front structure underwent a complete overhaul and now consists of two modern 2 bd + 1 ba units. The rear structure is brand new construction with a mix of one 2 bd + 1 ba and one 1 bd + 1 ba ADUs. All units are separately metered for all utilities (water sub-metering) and include open floor plans, modern kitchens, air conditioning and hard wood flooring. Its central location provides investors an extensive tenant pool. USC is a short 3 mile drive, Downtown LA is minutes to the North and access to the 110 Freeway is less than a mile away.
Coldwell Banker Realty is pleased to present the opportunity to acquire a four-unit apartment building in the Olympic Park-Koreatown neighborhood of Los Angeles. This property boasts a diverse unit mix, featuring 2 three-bedroom and two-bathroom units, 1 two-bedroom and two-bathroom unit, and 1 one-bedroom and one-bathroom unit. Gas and electricity are independently metered, while water is centrally metered. The construction combines stucco and wood-frame elements and offers 5 parking spaces for on-site tenants. Given that rents are currently below market value and the area is undergoing continued gentrification, investors will recognize the value in seizing this opportunity.
The median home value in Los Angeles, CA is $1,075,000. This is higher than the county median home value of $796,100. The national median home value is $338,100. The average price of homes sold in Los Angeles, CA is $1,075,000. Approximately 33.96% of Los Angeles homes are owned, compared to 58.13% rented, while 7.92% are vacant. Los Angeles real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Los Angeles real estate agent to arrange a tour today!
Los Angeles, California has a population of 3,902,440. Los Angeles is less family-centric than the surrounding county with 29.48% of the households containing married families with children. The county average for households married with children is 30.99%.
The median household income in Los Angeles, California is $69,778. The median household income for the surrounding county is $76,367 compared to the national median of $69,021. The median age of people living in Los Angeles is 36.2 years.
The average high temperature in July is 83.6 degrees, with an average low temperature in January of 45.9 degrees. The average rainfall is approximately 15.5 inches per year, with 0 inches of snow per year.