Los Angeles CA Multi Family for Sale
$1,999,998
7417 Fountain Ave Los Angeles, CA 90046
- Type:
- Other
- Sq.Ft.:
- 3,426
- Status:
- NEW LISTING
- Beds:
- 7
- Lot size:
- 0.14 Acres
- Year built:
- 1937
- Baths:
- 5.00
- MLS#:
- 25-479727
ADDITIONAL INFORMATION
AMAZING PRICE!! Presenting a 4-unit property spread across two separate parcels, each with its OWN ADDRESS exceedingly rare feature that simplifies leasing and management. This property encompasses both parcels, offering unparalleled convenience for rental purposes.Three of the four units will be delivered fully vacant, with the potential for the fourth unit to follow suit, providing immediate and substantial rental income. Currently, the property generates an impressive gross income with further potential for growth. The units exude a bright and inviting atmosphere, enhanced by their spacious layout and distinctive charm.The main unit features two well-appointed bedrooms, a stylish living room, and a generously sized kitchen. Each unit boasts its own kitchen and living area, ensuring comfort and privacy. The property also includes ample gated parking for all residents.Located in one of Los Angeles' most sought-after neighborhoods, this property is just minutes from premier restaurants, bars, and boutiques. This rare and exceptional offering is ideal for investors, owner-users, or anyone seeking to capitalize on rental income opportunities.Priced to Sell don't miss out on this remarkable chance to acquire a prime real estate asset.
$2,900,000
2539 Wabash Avenue Los Angeles, CA 90033
- Type:
- Apartment
- Sq.Ft.:
- 10,555
- Status:
- NEW LISTING
- Beds:
- n/a
- Lot size:
- 0.29 Acres
- Year built:
- 1965
- Baths:
- MLS#:
- IV24237273
ADDITIONAL INFORMATION
This 14-unit multifamily building in desirable Boyle Heights neighborhood presents a prime investment opportunity. Sitting on a spacious 12,808 sq ft lot, the property offers a strategic location with easy access to Downtown Los Angeles. Residents enjoy convenient access to major freeways and a variety of local shops and restaurants. The building consists of all 2-bedroom, 1-bath units, with 4 units recently remodeled. All units are separately metered for electricity and gas, tenants are also responsible for their trash. The property boasts 100% occupancy, with stable tenants and minimal turnover. Parking is abundant, with 13 of the 14 units having assigned parking spaces. Additionally, an on-site laundry facility adds convenience for residents. This property provides strong cash flow, excellent long-term potential, and is an ideal addition to any investment portfolio.
$1,875,000
Genesee Ave Los Angeles, CA 90046
- Type:
- Other
- Sq.Ft.:
- 2,212
- Status:
- NEW LISTING
- Beds:
- 4
- Lot size:
- 0.15 Acres
- Year built:
- 1924
- Baths:
- 2.00
- MLS#:
- 25-487595
ADDITIONAL INFORMATION
Attention Investors, builders, and developers, This amazing opportunity in one of LA's finest neighborhoods! 6,501 Sq ft lot Lot Zoned R2. Can be delivered vacant. Build or remodel the current duplex, with lots of potential. Located on a tree-lined street in one of the most prestigious locations of Beverly Grove/Melrose Village near Michelin-rated restaurants, The Grove, and The Fairfax district. The seller is willing to finance at an attractive rate with a large Down Payment.
$1,575,000
39th St Los Angeles, CA 90062
- Type:
- Other
- Sq.Ft.:
- 3,178
- Status:
- NEW LISTING
- Beds:
- 6
- Lot size:
- 0.16 Acres
- Year built:
- 1923
- Baths:
- 6.00
- MLS#:
- 25-487561
ADDITIONAL INFORMATION
Located in Leimert Park, 1952 W 39th Street is a well-maintained six-unit apartment building. Priced at a 5.23% Cap Rate, the property has upside potential to a 6.8% Cap Rate at market. Multiple capital improvements have been completed recently, including a new roof. The building is professionally managed and will be delivered with two vacancies, allowing a new owner to capture additional upside in rents. Situated in a vibrant and growing area, the property is just minutes from key landmarks such as Exposition Park, home to the California Science Center, Natural History Museum, and the iconic Los Angeles Memorial Coliseum. The University of Southern California (USC) is also nearby, offering a steady demand for housing. Additionally, the renowned Shrine Auditorium and the Crypto.com Arena (formerly Staples Center) are just a short drive away, making this an ideal location for both residents and investors.
$1,199,000
1560 66th Street Los Angeles, CA 90001
- Type:
- Fourplex
- Sq.Ft.:
- 2,569
- Status:
- NEW LISTING
- Beds:
- n/a
- Lot size:
- 0.2 Acres
- Year built:
- 1924
- Baths:
- MLS#:
- SR25015388
ADDITIONAL INFORMATION
Fantastic QUAD Investment opportunity with THREE SEPARATE AND INDIVIDUAL GATED BUILDINGS with its own DRIVEWAYS. The main home is a duplex and it has both a backyard with two sheds for storage and laundry area and a front yard with a shared driveway. Each home has its own gas meter, water heater, laundry hook up, and their own porch & patio. Also, 3 out of 4 units are section 8 tenants and FULLY REMODELED units with new appliances and new plumbing... Two units have 2 bedroom 1 bath & two units have 1 bedroom 1 bath. Rents are $2770/ 2595/ $2080/ and $1978 or $113,076 yearly income. With 2,569 sqft living area and lot of 8,821 sqft and with great section 8 secured income producing tenants, this is an excellent investment opportunity.
- Type:
- Triplex
- Sq.Ft.:
- 2,569
- Status:
- NEW LISTING
- Beds:
- n/a
- Lot size:
- 0.13 Acres
- Year built:
- 1905
- Baths:
- MLS#:
- MB25014284
ADDITIONAL INFORMATION
Triplex can be delivered VACANT in the highly sought after Pico Union neighborhood. Property has the Charm of a residential Craftsman house on a tree lined street while being an Income Generating Property with the following features :Two 2bedroom units and One 1 bedroom unit , a Loft on the third floor , a Detached 1 Car Garage adjacent to a "Rumpus room " with potential alley access ! On the bottom floor and to the left of the corridor is a large 2 bedroom 1 bath unit and to the right is a large 1 bedroom 1 bath with direct access to an unfinished basement (both units have access to inside laundry hook ups and large back yard ) . Upstairs is a 2 bedroom 1 bath with a "Blank Canvas" for a kitchen as hookups are present but no actual Kitchen. There is a Gorgeous loft on third floor, amenities also include the Rumpus room adjacent to the Detached garage that can potentially be turned into an ADU . Loads of potential for the Creative Home Buyer looking to break into this area and or the Investor looking for a great return on investment . Located in Alvarado Historic District and walking distance to Alvarado Terrace park, zoned LARD1 and just minutes away from Down Town LA , blocks away from West lake ..Hurry before its gone
$2,499,999
1944 Argyle Avenue Los Angeles, CA 90068
- Type:
- Fourplex
- Sq.Ft.:
- 6,000
- Status:
- NEW LISTING
- Beds:
- n/a
- Lot size:
- 0.19 Acres
- Year built:
- 1920
- Baths:
- MLS#:
- BB25015267
ADDITIONAL INFORMATION
1944 Argyle Ave is a charming 1920s fourplex nestled in the heart of the Hollywood Hills. Located just steps from Franklin Avenue’s trendy shops and restaurants, this property offers unparalleled convenience with proximity to Los Feliz, Hollywood, and Universal Studios. Perfect for 1031 exchange buyers, this fourplex is ready to close now! Featuring four spacious 2-bedroom, 2-bathroom units, each approximately 1,500 square feet, the property boasts gorgeous hardwood floors, in-unit washer/dryers, and a welcoming front courtyard. Three units are already leased, generating a total scheduled gross income of $14,323/month, with a current cap rate of 5.56%. The property is also an excellent opportunity for owner-occupiers. The property offers five on-site parking spaces and four private garages—a rare feature in the area. Additionally, there is a generous open space at the rear of the property, adjacent to an alley, potentially allowing for the addition of ADUs (subject to buyer’s due diligence). This is an exceptional opportunity for investors, developers, owner-occupiers, and tenants seeking a perfect balance of tranquility and urban convenience. Don’t miss your chance to own this timeless gem in one of Los Angeles’ most sought-after neighborhoods!
$1,599,000
102 Oxford Avenue Los Angeles, CA 90004
- Type:
- Fourplex
- Sq.Ft.:
- 5,517
- Status:
- NEW LISTING
- Beds:
- n/a
- Lot size:
- 0.17 Acres
- Year built:
- 1922
- Baths:
- MLS#:
- DW25015163
ADDITIONAL INFORMATION
Fantastic opportunity to add to your Real Estate portfolio. Property offers a total of 4 units each unit consisting of two 2 bedroom 1 bathroom. This property is now available for sale, offering a prime location just minutes from Downtown Los Angeles (DTLA). Situated in a vibrant neighborhood known for its lively nightlife, proximity to freeways, abundant shopping and dining options, this property is a standout choice for an investor or primary occupant seeking to capitalize on the city's bustling urban scene. With its strategic location and strong rental demand, this property promises both immediate and long-term returns. Don't miss this chance to own a piece of LA's dynamic real estate market!
- Type:
- Duplex
- Sq.Ft.:
- 1,540
- Status:
- NEW LISTING
- Beds:
- n/a
- Lot size:
- 0.12 Acres
- Year built:
- 1920
- Baths:
- MLS#:
- DW24245473
ADDITIONAL INFORMATION
REDUCED!! PRICED TO SELL. ONE UNIT IS MOVE-IN READY! Charming East LA Duplex with Endless Potential Nestled on a hill with breathtaking Downtown LA views, this newly remodeled duplex is a fantastic opportunity for both homeowners and investors. The property features: Unit 1: A beautifully updated 2-bed, 1-bath unit (800 sq ft) with brand-new flooring, fresh interior paint, and a private front yard—perfect for pets, BBQs, or relaxing mornings. Move-in ready for an owner or tenant! Unit 2: A 2-bed, 1-bath unit (700 sq ft) currently rented on a month-to-month basis at $2,450/month by a dependable tenant, offering immediate income potential. Additional highlights include parking for 4+ vehicles and a quiet, desirable neighborhood. Bonus: Approved plans for a third unit are near completion, adding even greater potential for future income. Conveniently located near major freeways (5, 60, 10, 710), Obregon Park, the Arts District, ELAC, and local dining and entertainment, this property combines charm, accessibility, and opportunity. FHA buyers are welcome! Don’t miss your chance to own this East LA gem!
- Type:
- Fourplex
- Sq.Ft.:
- 4,117
- Status:
- NEW LISTING
- Beds:
- n/a
- Lot size:
- 0.2 Acres
- Year built:
- 1905
- Baths:
- MLS#:
- PW23175818
ADDITIONAL INFORMATION
PLANS RTI. !!!!!!!! DownTown LA Area Welcome to this fantastic investment opportunity in the sought-after 90006 zip code This well-maintained residential income property boasts four spacious units, making it an ideal choice for both seasoned investors and those looking to start their real estate portfolio. Existing Floorplan 1st Floor: 1 unit (1/1) 2nd Floor: 2 units (2/1, 3/1) 3rd Floor: 1 unit (3/1) Living space 4,117 Lot size 8,579 Zoning R4 Currently, 1 tenant occupies a partial area of the 1st floor, there are plans/permits almost approved for a conversion of the 1st floor into 4 units utilizing the same footprint, for a total of 6-units.
- Type:
- Duplex
- Sq.Ft.:
- 1,392
- Status:
- NEW LISTING
- Beds:
- n/a
- Lot size:
- 0.11 Acres
- Year built:
- 1922
- Baths:
- MLS#:
- SR24248921
ADDITIONAL INFORMATION
Contractors dream, two houses and detached garage on lot. Front house is 1920's craftsman bungalow with many original features. Its a one bedroom, one bathroom, separate dining room, laundry room and attic/loft space. Back house is one bedroom and one bathroom, possible access off of alley. There is also a separate two car garage. Home is in distress condition and will not qualify for traditional financing.
- Type:
- Fourplex
- Sq.Ft.:
- 3,837
- Status:
- NEW LISTING
- Beds:
- n/a
- Lot size:
- 0.14 Acres
- Year built:
- 1902
- Baths:
- MLS#:
- IG25014684
ADDITIONAL INFORMATION
These four units offer an excellent unit mix. The 3 bedroom 2 bathroom unit will be delivered vacant at the close of escrow which would work great for an owner occupied buyer. Property has plenty of parking space for each unit. Good Location with 10 fwy and 110 fwy nearby and within minutes to USC, Exposition Park, Downtown LA, the fashion district, LA Live., Restaurants & Shops. Buyer and Buyer's Agent are advised to do their own due diligence to satisfy all information.
$1,599,999
2618 Carleton Avenue Los Angeles, CA 90065
- Type:
- Fourplex
- Sq.Ft.:
- 2,376
- Status:
- NEW LISTING
- Beds:
- n/a
- Lot size:
- 0.18 Acres
- Year built:
- 1924
- Baths:
- MLS#:
- CV25013549
ADDITIONAL INFORMATION
Coming Soon: Exceptional Investment Opportunity in Northeast Los Angeles!... Don’t miss this incredible chance to own a 12-unit, low-maintenance property in the heart of Northeast Los Angeles. Each unit is a single with one bathroom, all currently rented and generating steady income, with the added potential for rent increases as leases renew….. This property boasts six separate buildings, ample gated parking spaces for tenant convenience, and one additional uncovered space. An on-site laundry room provides extra income, further enhancing the investment's value….. Located in a sought-after neighborhood, the property combines charm and convenience. With a gross rent multiplier (GRM) of 12.2, this property offers a rare opportunity for reliable cash flow and long-term appreciation. The gated parking and added amenities make it an attractive option for tenants, ensuring high occupancy rates in a competitive rental market.... Situated in a prime area of Northeast Los Angeles, the property provides easy access to shopping, dining, and major freeways, making it highly appealing to renters. Its strategic location and income-generating features make this an ideal addition to any investor’s portfolio…… Contact us today to explore how you can make this exceptional investment property your own.
Open House:
Saturday, 1/25 12:00-4:00PM
- Type:
- Duplex
- Sq.Ft.:
- 3,041
- Status:
- NEW LISTING
- Beds:
- n/a
- Lot size:
- 0.18 Acres
- Year built:
- 1911
- Baths:
- MLS#:
- WS23216500
ADDITIONAL INFORMATION
Great opportunity! 2 separate houses on one a lot. The front home consists of 3 bedrooms and 2 baths. It has been recently updated with newer wood laminate floors, newer kitchen cabinets and granite counter tops. The primary bedroom offers an updated full bathroom. The front home has its own private patio. The back home consists of 5 bedrooms, 2 bathrooms, a spacious living room, kitchen and bonus room. There are 2 sliding glass doors giving access to a private patio. One of the bedrooms in the rear home is extremely large with it's own balcony. There is also a 3 car garage connected to the rear home. The back home needs repairs. This property also offers TWO (2) long driveways on each side of the home. Did I mention it also offers very giving citrus trees! Zoned LCR4*. Lots of possibilities!! The home is conveniently located in the heart of Boyle Heights near transportation, shops and restaurants minutes from down town LA, Monterey Park, and a couple of parcels from Los Angeles Music and Art School. This is a wonderful opportunity for an investor. Please note, pictures are from 1 year ago. Property can be seen in 3 weeks.
$799,000
735 43rd Place Los Angeles, CA 90011
- Type:
- Fourplex
- Sq.Ft.:
- 2,592
- Status:
- NEW LISTING
- Beds:
- n/a
- Lot size:
- 0.12 Acres
- Year built:
- 1959
- Baths:
- MLS#:
- CV24229740
ADDITIONAL INFORMATION
Location !! Location near USC 4 units in a great area of LA each unit has 2 bedrooms 1 bath bath 2 level single building with plenty parking space do not miss this great investment
$1,220,000
2352 3rd Street Los Angeles, CA 90057
- Type:
- Cluster
- Sq.Ft.:
- 2,378
- Status:
- NEW LISTING
- Beds:
- 6
- Lot size:
- 0.13 Acres
- Baths:
- 4.00
- MLS#:
- 25487043
ADDITIONAL INFORMATION
Commercial lot with prime investment opportunity!! This property offers an excellent opportunity to build a commercial or mixed-use residential development, ideally located just one block from St. Vincent Medical Center and minutes from Downtown Los Angeles. The front building is a two-story structure, with a 3-bedroom, 1-bath unit downstairs and a 2-bedroom, 1-bath unit upstairs. The back building is a 1-bedroom, 1-bath unit. According to public records, the property is legally classified as three units. Spacious parking spaces inside gated driveway and parking in the back.
$1,249,000
3347 Division Street Los Angeles, CA 90065
- Type:
- Cluster
- Sq.Ft.:
- 3,722
- Status:
- NEW LISTING
- Beds:
- 6
- Lot size:
- 0.16 Acres
- Year built:
- 1950
- Baths:
- 4.00
- MLS#:
- 25487013
ADDITIONAL INFORMATION
Huge upside! An Investment gem in the Glassell Park/Mount Washington area! An exceptional Fourplex and true rarity featuring a total of 6 bedrooms and 4 bathrooms, thoughtfully distributed across two 2-bedroom/1-bath units and two 1-bedroom/1-bath units. Each unit has its own separate meter. The expansive lot offers ample parking spaces, and with the surrounding market on an upward trajectory, rents are steadily climbing. This remarkable property is a golden ticket to passive income for savvy, long-term investors like you. Located just a stone's throw from Mount Washington, Echo Park, Silver Lake, and Los Feliz, you'll enjoy easy access to the vibrant areas and amenities these neighborhoods offer. Close to shopping, parks, schools, and major freeways (5, 110, and 2), everything you need is conveniently within reach. Situated in Glassell Park's exciting Opportunity Zone, this is one you don't want to miss!
$1,750,000
7263 Manchester Avenue Los Angeles, CA 90045
- Type:
- Mixed Use
- Sq.Ft.:
- 3,160
- Status:
- NEW LISTING
- Beds:
- n/a
- Lot size:
- 0.12 Acres
- Year built:
- 1958
- Baths:
- MLS#:
- PW25014544
ADDITIONAL INFORMATION
7263 W Manchester Ave is a well-maintained 6-unit apartment building located in the highly desirable neighborhood of Westchester. This property features a strong unit mix, including (2) 2-bed/1-bath units, (1) 1-bed/1-bath unit, and (3) studio units, as well as (4) on-site 1-car garages, offering diverse options for tenants. The building is in excellent condition, with a new roof installed in November 2022 and copper plumbing throughout, ensuring long-term durability and reduced maintenance costs. The property comprises 3,160 SF on a large 5,250 SF lot, priced at $553/SF and $291K/unit, making it an exceptional investment at an attractive price point. Current operations deliver a solid 5.18% CAP rate, with the potential for a 27% rental upside, achieving a projected 7.17% market CAP and a 9.68 market GRM. Situated near Playa del Rey’s retail and dining options, the beach, and Loyola Marymount University, this property benefits from proximity to key amenities and strong demand for student housing. With its prime location and value-add potential, this is a rare investment opportunity in a sought-after Westchester neighborhood.
$3,995,000
1614 Sycamore Avenue Los Angeles, CA 90019
- Type:
- Cluster
- Sq.Ft.:
- 8,238
- Status:
- NEW LISTING
- Beds:
- 16
- Lot size:
- 0.21 Acres
- Year built:
- 2025
- Baths:
- 18.00
- MLS#:
- 25486671
ADDITIONAL INFORMATION
Onward Capital, as the exclusive broker, is excited to present this newly constructed 5-unit complex for sale, featuring two duplexes and a detached ADU. This is a rare opportunity to acquire a brand-new property in the heart of Los Angeles. The fully stabilized, cash-flowing asset generates over $25,000 per month and $306,000 annually, offering an impressive 5.75% cap rate. With no repairs or maintenance required and builder's warranties included, this property stands out as a true pride-of-ownership investment. The complex comprises three detached, three-story buildings with thoughtfully designed layouts, including two 4-bedroom, 4.5-bath units; two 3-bedroom, 3.5-bath units; and one 2-bedroom, 2-bath unit. Each unit features top-of-the-line finishes, custom-designed kitchens, stainless steel appliances, and durable Hardy siding on the exterior, showcasing the highest standards of quality and craftsmanship.
$3,200,000
1256 Westgate Avenue Los Angeles, CA 90025
- Type:
- Cluster
- Sq.Ft.:
- 7,391
- Status:
- NEW LISTING
- Beds:
- 13
- Lot size:
- 0.17 Acres
- Year built:
- 1960
- Baths:
- 11.00
- MLS#:
- 25487089
ADDITIONAL INFORMATION
We are pleased to present 1256 S. Westgate Ave in a prime West Los Angeles submarket just a block south of Wilshire Blvd and adjacent to Brentwood, another premier rental pocket of LA's westside. The subject property is a 10 unit apartment building built in 1960. The building boasts an excellent unit mix including (7) 1 bed / 1 bath and (3) 2 bed / 1 bath units spread out over 7,391 square feet and sits on a 7,202 square foot LAR3 zoned lot. 1256 Westgate is a unique value-add opportunity in one of the best rental pockets of Los Angeles. With approximately 72% upside in rents a future investor will benefit from a well located asset and long term growth potential. LA's Westside has continued to prove to be one of the, if not the best, rental pockets in all of Los Angeles. With continued rent growth and low vacancy rates renters continue to seek out opportunities in the immediate area surrounding the subject property. With Santa Monica directly to the west, Brentwood directly to the north and Westwood just a short distance to the east, the property is strategically positioned. Area amenities include high end restaurants, bars and nightlife along with shopping and a robust office market making it a perennial economic hub in Southern California. The location and rental upside make this an opportunity to own a generational asset in one of LA's best neighborhoods.
$889,000
116 52nd Place Los Angeles, CA 90037
- Type:
- Cluster
- Sq.Ft.:
- 3,058
- Status:
- NEW LISTING
- Beds:
- 7
- Lot size:
- 0.1 Acres
- Year built:
- 1907
- Baths:
- 3.00
- MLS#:
- 25486987
ADDITIONAL INFORMATION
3 Units with 2 on a lot - 116 W. 52nd St & 119 W. 53rd pl. This superior property is the largest square footage of its kind in the area. Well maintained and upgraded, the property is perfect for the investment upside. This Tri-plex offers not only a strategic investment opportunity but also a chance to own a part of a vibrant community. Features vacant unit ready for move-In, Ideal for immediate rental income or personal customization. Vacant unit features beautifully maintained wood floors, adding warmth and elegance, city views perfect for attracting tenants looking for a dynamic urban living experience and prime location. Just minutes away from major developments, including a new sports arena and the George Lucas Narrative Museum, ensuring ongoing appreciation and demand. This property is perfectly positioned for those looking to invest in a growing area with significant commercial and cultural developments. Discover this unique opportunity to capitalize. Close to everything major development of sports arena minutes away. George Lucas Narrative museum close proximity.
- Type:
- Cluster
- Sq.Ft.:
- 1,557
- Status:
- NEW LISTING
- Beds:
- 3
- Lot size:
- 0.14 Acres
- Year built:
- 1904
- Baths:
- 3.00
- MLS#:
- 25486931
ADDITIONAL INFORMATION
Welcome to the TWIN PALMS TRIPLEX near the Historic Central Ave District! AMAZING investment opportunity to own a charming, corner-lot property with tremendous upside income potential. Live in one unit and rent out the other two to pay your mortgage! Classic details and sunlit spaces highlight this turn-of-the-century Craftsman property which boasts many updates - NEW paint, ceiling fans, laminate flooring, recessed lighting, double pane windows, new landscaping for Unit #1 and updated Kitchens and Baths. The Main House has two (2) units with covered porches - UNIT #1 is a 1BR/1BA plus a BONUS DEN (est. 628SF +/-) and UNIT #2 is a Studio with 1BA (est. 628SF +/-) and has its own laundry. The detached Studio Garage Unit #3 with 1 BA is est. 300SF +/-. There are 3 Electric meters / 3 Gas meters / 3 Water Heater units. The XL Backyard is fully-fenced with mature, enveloping trees and currently used for ample parking. Unit #1 has its own separate yard spaces with a new DG covering, landscaping and a thriving Banana tree. Tons of potential to create separate yard spaces for the other two units, dedicated parking spaces and/or a large, landscaped patio. Big enough for RV parking, multiple cars and/or build a workshop. The beautiful, mature twin palms in the front yard are some of the tallest palms in the area and can be seen for miles swaying in the LA skyline. The area has a vibrant cultural, social and entertainment history and is home to the yearly famed Central Ave Jazz festival. Centrally located near restaurants, shopping, major freeways, USC, DTLA and public transportation. DELIVERED COMPLETELY VACANT so you can set the rent to the current market value. Very rare! If you're looking for a smart investment opportunity with a good Cap Rate, then this is your perfect chance.
$1,645,000
4110 Fountain Avenue Los Angeles, CA 90029
- Type:
- Cluster
- Sq.Ft.:
- 3,516
- Status:
- NEW LISTING
- Beds:
- 8
- Lot size:
- 0.06 Acres
- Year built:
- 1928
- Baths:
- 4.00
- MLS#:
- 25486351
ADDITIONAL INFORMATION
Back on market. Seller is way more motivated in Jan of '25 than he was in '24, as evidenced by the quarter of a million dollar drop in price! If you are smart you will be the first one in to get what is now an amazing opportunity. Three of the four units can be delivered vacant if that is what you want. We reckon that traditional rental will fetch approx $2700/mo on each of the vacant units. On the other hand, the current owner is getting $3700/mo(!) on short term (30 day or more) rentals. He has not had a vacancy in 15 months. So, you can do what the current owner has been doing if you are so inclined. Or, if you would prefer, the seller is willing to stay on as your Manager indefinitely for the 30 day rentals at the absurd fee of $500/mo.! That is $500/mo for all three, not for each one. This is a tremendous opportunity, as he has already demonstrated his competence and success on this, and he is happy to do it for you; or to coach you on how to do it for yourself. The location makes this particular property uniquely suited for success on the short term rental model. And, of course, someday the long term lower rent tenant will vacate so you even have some very good upside there. If you do the math you will see that, at the current asking price with these units staying occupied at these rents, a new owner will cash flow very nicely. And why not? After all, it is walking distance to all shops and restaurants on Sunset Blvd in Silver Lake, to say nothing of being right down the street from everything on Hillhurst and Vermont and Hyperion in Los Feliz. In other words right in the thick of things. Plus, very convenient freeway access to all studios as well as downtown. Also, the units have actually been renovated very nicely and they are also spacious, light and airy. True, there is no parking on the premises, but this has not prevented it from remaining occupied non-stop at very nice rents. And street parking is pretty good. Lots of upgrades have been done on all the systems so you will not be spending a lot of maintenance/repair money on this property. In summary this is a really great property to add to your portfolio if you are an experienced real estate investor or, if you are new to this game, this is a perfect property for you to 'cut your teeth' on.
$1,999,000
6306 6th Street Los Angeles, CA 90048
- Type:
- Cluster
- Sq.Ft.:
- 4,319
- Status:
- NEW LISTING
- Beds:
- 6
- Lot size:
- 0.14 Acres
- Year built:
- 1928
- Baths:
- 4.00
- MLS#:
- 24473956
ADDITIONAL INFORMATION
Handsome Beverly Grove Spanish Character Duplex delivered with the downstairs vacant and the upstairs tenant occupied. Upstairs has 3 parking spaces off the driveway and downstairs has driveway parking. True center hall plan. Step-down living room has large picture window to the street and 2 additional large windows. Large formal dining room. Bonus office space at front of unit has exit door to driveway. Spacious kitchen has abundant cabinetry and opens to breakfast room. 3 sunshine filled bedrooms and 2 baths in need of some TLC. Shared backyard has patch of lawn, hardscape and 3 garages. Amazing location right in the heart of the city!
$2,599,000
8819 Reading Avenue Los Angeles, CA 90045
- Type:
- Cluster
- Sq.Ft.:
- 4,616
- Status:
- NEW LISTING
- Beds:
- 10
- Lot size:
- 0.16 Acres
- Year built:
- 1951
- Baths:
- 7.00
- MLS#:
- 25486855
ADDITIONAL INFORMATION
Located at 8819 Reading Avenue in the highly desirable Westchester neighborhood, this multifamily property offers a prime investment opportunity with significant upside potential. The property features a total of 7 units, including a newly constructed 2-bedroom/1-bathroom ADU completed in 2024, enhancing its modern appeal. The remaining unit mix includes 4 one-bedroom/one-bathroom units and 2 two-bedroom/one-bathroom units, with a total rentable square footage of 4,616 on a 7,006-square-foot lot. Listed at $2,599,000, the property currently generates $16,106 per month ($193,272 annually) with three vacancies, presenting a rare opportunity for immediate income growth. With a 21% rental upside, the property has the potential to produce $19,500 per month ($234,000 annually) at market rents, achieving a cap rate of 6.15% and a GRM of 11.11. Currently, it operates at a 4.77% cap rate and a GRM of 13.45. The property includes four dedicated parking spaces and ample street parking, ensuring convenience for tenants in an area where parking is a premium. Each unit features in-unit laundry, and the property is well-maintained, with several units in excellent condition and the newly built ADU adding value. Its location near LAX, Playa Vista, Silicon Beach, and the 405 freeway ensures strong demand from tenants seeking convenience and proximity to major employment and lifestyle hubs. With its combination of current cash flow, three immediate lease-up opportunities, and substantial rental upside in a high-demand area, 8819 Reading Avenue is a compelling investment in the thriving Westchester market.
Based on information from Combined LA/Westside Multiple Listing Service, Inc. as of {{last updated}}. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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