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$1,199,000
OC26187299 MLS Active Under Contract Status
Torrance has many multi-family properties with 2 homes on one lot. The front house has just been renovated and boasts 2 bedrooms, 2 bathrooms, an office, a double attached garage and direct access into the house. In addition to a large gated (new) front yard, the front house also has its own private gated garden in the rear, perfect for family gatherings. Upgrades include totally new bathrooms and kitchen with a rare porcelain countertop, brand new appliances, luxury vinyl flooring throughout, Bluetooth LED color-changing recessed lights and custom paint and wallpaper to compliment the upgrades. Brand new HVAC. New laundry appliance, sink and cabinets are in the garage. Long driveway can fit motorhome or boat. The 2-story home in the rear of the lot has a total of 4 bedrooms and 3 bathrooms. The bright and airy upstairs has 3 bedrooms, 2 bathrooms, and a chandeliered vestibule. The downstairs has a half bathroom and a fourth bedroom with a hallway for privacy. Bluetooth LED color-changing recessed lights throughout the entire home. The 2-car attached garage has direct access into the house. The kitchen has been totally replaced with acacia wood custom counters and all new appliances. It opens to the living room, which has a sliding door to the large rear patio and its own fenced backyard. Brand new HVAC. Laundry is in the garage, which features floor-to-ceiling new cabinets. The rear house is currently under construction. Harbor Gateway properties rarely come on the market, so this is an opportunity that can't be beat!

1345 W 219th, Torrance

$1,500,000
11 Beds 8 Baths NDP2608150 MLS Active Status
Now priced to reflect a short sale opportunity. Sale subject to lender approval. Excellent value-add opportunity in a prime Los Angeles location. 144 S Kenmore Ave is a four-unit residential income property offering approximately 4,660 SF of building area on an approximately 7,140 SF LAR3 lot, with substantial renovation already completed. Two units have been fully renovated, and two additional units remain unfinished. The two completed units underwent extensive renovations, including new plumbing and electrical, kitchens, bathrooms, flooring, windows, recessed lighting, cabinetry and fixtures. Seller states the completed renovation work was performed with permits. The two unfinished units are currently configured for completion as 3-bedroom/3-bath units. The planned final configuration is approximately one 2-bedroom/2-bath unit and three 3-bedroom/3-bath units, subject to buyer verification of final legal bedroom/bathroom counts, plans and permits. The property is being offered without existing tenant leases, giving the next owner an opportunity to evaluate the existing improvements and complete the remaining work, subject to applicable permitting and occupancy requirements. The rear parking/garage area and overall site configuration may also offer potential for ADUs or other future development opportunities, subject to buyer investigation, zoning, permitting and City approval. Conveniently located near Koreatown, Larchmont Village, Virgil Village, shopping, dining, transit and major employment centers. An opportunity to acquire a fourplex with substantial improvements already completed and additional upside through completion and lawful lease-up. The property is subject to the Los Angeles Rent Stabilization Ordinance and is offered as-is in its current, partially renovated condition. Buyers should independently verify permits, lawful occupancy, applicable rental restrictions, development potential and costs to complete the remaining work.

144 S Kenmore Avenue, Los Angeles

$1,699,000
DW26188832 MLS Active Under Contract Status
**PRIDE OF OWNERSHIP** Beautifully Maintained 6 unit complex across from South Gate Park, Azalea Center and Transportation. **1st time on market in 47 years!! RE-PIPE entire building 2022 / New dual pane windows 2016 / New exterior paint 2016 / New Roof 2010 / New Synthetic Grass in front 2020 / New Vinyl fencing 2022 / Unit A - Ideal for owner Large 2 bd. 1 1/2 ba, Den, Fireplace completely remodeled 2020 / Unit B - 2 br. 1 ba completely remodeled 2017 / Unit C 2 br. 1 ba completely remodeled 2026 / Unit D - 2 br 1 ba completely remodeled 2020 / Unit E 2 br. 1 ba / Unit F 2 br. 1 ba completely remodeled 2022. Carport Parking listed as total 6 spaces ( 5 spaces are tandem parking and can fit 2 small cars each space) Laundry Room on site. This Great Building offers Low Deferred Maintenance making it a stabilized and well positioned asset in a strong rental market. With asking price of $1,699,000 the property offers a current Cap Rate of 6.79% and a GRM of 11.5 **Drive by Only!!** DO NOT DISTURB TENANTS! Subject to interior inspection with accepted offer only! Information deemed reliable but not guaranteed. All representations, measurements, and specifications are subject to independent verification. Buyer must perform their own due diligence regarding all aspects of the property, included but not limited to utility connections, zoning compliance, environmental factors, and structural integrity. Seller and listing broker make no warranties, expressed or implied.

8981 Hildreth Avenue, South Gate

$1,475,000
5 Beds 3 Baths 26897423 MLS Active Status
Experience the quintessential Old Towne Orange lifestyle with this fully stabilized two-on-a-lot income property, just one mile from Chapman University! The main residence (4BR/2BA, 1,522 sq.ft.) showcases authentic mid-century character with vaulted beamed ceilings, hardwood and tile flooring, dual-pane windows, and an open floor plan anchored by a cozy fireplace with sliding glass doors opening to the rear yard. Both bathrooms have been tastefully updated, and the kitchen offers oak cabinetry, granite countertops, a built-in wine rack, and stainless appliances including a gas range and dishwasher. Every bedroom features generous closet space. The second residence (1BR/1BA, 405 sq.ft.), a permitted garage conversion completed in 2026, is brand new construction throughout and remains under contractor warranty, leased at $2,200 per month. Both units are leased through August 2027 with tenants covering all utilities, producing $6,950 per month with zero vacancy exposure. All maintenance items have been addressed, the main-house punch list was completed at lease-up, and the general contractor remains available to a new owner - no deferred maintenance and no near-term capital expenditures anticipated. Outside, enjoy a covered patio, mature front landscaping, a stone walkway, long driveway, carport and off-street parking, plus a large level rear yard offering a clean slate for turf, landscaping, and a dividing fence to give each unit its own private outdoor space. With a location just a short stroll to Chapman University, the Orange Circle, and the eclectic dining, coffee and boutique shopping of Old Towne, plus Metrolink, St. Joseph Hospital, UCI Health and quick 55 and 22 freeway access, this turn-key property is a high-demand rental or a perfect multi-generational setup. At the current list price of $1,475,000, in-place rents equate to approximately a 17.69X GRM and a 4.41% CAP Rate. Notably, the main residence was leased at $6,100 per month as recently as July 2026 - restored to that level the property collects $8,300 monthly, or approximately a 14.81X GRM and an estimated 5.51% CAP Rate.

526 N Emerald Drive, Orange

$2,499,999
TR26189541 MLS Active Status
Exceptional Multifamily Investment Opportunity | 8-Unit Value-Add Asset 242 W Jackson St, Rialto, CA 92376 | APN: 0127-311-13-0000 Presenting a rare, high-yield investment opportunity in the rapidly growing Inland Empire. Located at 242 W Jackson St, this impressive multi-family property consists of two buildings featuring eight identical, oversized 2-bedroom, 2-bathroom residences. Spanning a massive 1,225 sq. ft. per unit (9,800 total building sq. ft.), these configurations are significantly larger than area averages, driving exceptional long-term tenant retention and competitive rental premiums. The Ultimate Value-Add Play: -Significant Upside Potential: Current rents are performing well below market rates, offering a clear path to instant cash flow optimization through programmatic unit turns and strategic lease renewals. -Separated Utilities: The property is efficiently designed with 9 separate electric meters and 2 separate water meters, keeping operational overhead remarkably low. -Premium Garage Income: Boasts 11 fully enclosed garages. In a high-density tenant market, these secure units command premium independent rental value or can be bundled to command top-of-market residential rents. -Ancillary Income: Dedicated space on-site for community laundry facilities creates an immediate, reliable secondary revenue stream. Prime Location & Infrastructure: -Commuter Centric: Strategically positioned with immediate, frictionless access to major transit veins including the I-10, I-15, I-210, and I-215 freeways, providing unparalleled connectivity across Southern California. -Walkable Conveniences: Situated just a 5-minute walk from local retail anchors like the Rialto Shopping Center and Superior Grocers. Low Maintenance: Positioned on a manageable 0.33-acre lot with highly functional, paved parking and driveway layouts. Call today! Do not miss your chance to secure a standout, high-square-footage multifamily asset with massive value built-in.

242 W Jackson, Rialto

$1,249,000
4 Beds 4 Baths 26908829 MLS Active Under Contract Status
A rare Jefferson Park offering: two vacant separate craftsman bungalows on one lot, each with its own address. This is not a primary residence with a later-added ADU, but rather two distinct homes offering exceptional flexibility for rental income, multigenerational living, guests, or a dedicated work-from-home retreat. The spacious 3 bedroom plus an office front home pairs its original Craftsman exterior with a thoughtful modern interior update, creating an airy, open layout with soaring vaulted ceilings, beautifully updated living spaces, and abundant natural light from period windows. The kitchen opens to a generous deck for easy indoor-outdoor living, while multiple bedrooms, including a private primary suite and several flexible rooms provide space for family, guests, work, and play. Tucked behind the main house, the separate one-bedroom residence is filled with lovingly preserved period character, including original wood floors, built-ins, substantial crown moldings, period light fixtures, and an impressive original Murphy bed. With its own private entrance, kitchen, bath, laundry, and outdoor space, it offers everything buyers often seek in an ADU income potential, independence, and privacy already built as a legal second residence, without the need to create or permit an additional dwelling unit. Another, separate, bonus structure is divided into two private spaces, giving each residence its own additional space outside the home. Use each as an art or design studio, home office, yoga or workout room, workshop, creative retreat, or simply exceptional storage. Both homes feature updated plumbing and electrical systems, laundry, central heat and AC, and separate meters. The backyard is shaded by mature, fruit-bearing Hass avocado trees and can remain open as one shared garden, or be divided to create distinct private outdoor spaces for each residence. Perfectly situated near USC, Culver City, and Downtown Los Angeles, with easy Metro access, the property is also close to neighborhood favorites, including Fuegos, Johnny's Pastrami, Cafe 5, and the Papi's Tacos walk-up window. Set within the Jefferson Park Historic Preservation Overlay Zone, this is a true urban retreat with the flexibility buyers are searching for: live in one and rent the other, accommodate extended family, or enjoy two completely separate homes on one historic Los Angeles property. Also listed as SFR since it can be house and guest house, MLS #26886475.

3026 6th Avenue, Los Angeles

$1,100,000
SR26189405 MLS Active Status
JADU + SB-9 Development Opportunity | Canoga Park. An exceptional opportunity to own an approximately 8,623-square-foot corner property with an SB-9 Urban Lot Split currently nearing completion. The proposed split is designed to create two separately deeded single-family residential parcels, providing both existing residential utility and future development potential.The proposed 20957 Community St. parcel is approximately 5,174 square feet and includes a 2-bedroom, 1-bathroom home along with a converted 2-car garage configured as a 1-bedroom, 1-bath Junior ADU (JADU), separately addressed as 20955 Community St. The JADU provides additional flexibility for rental income, guests, extended family, or use as supplemental living space and is currently leased through June 2027. The proposed 8400 Independence Ave. parcel is approximately 3,450 square feet and has its own assigned address. An existing structure is located on the parcel, and there is already a permit for approximately 350 square feet on the SB-9 lot. The parcel is also planned for expansion into an approximately 1,500+ square-foot single-family residence, subject to final approvals and buyer verification.An additional potential benefit for a future buyer is the ability to structure financing with two separate deeds of trust, potentially allowing the two resulting parcels to be financed separately, subject to lender approval, title requirements, applicable laws, and final recordation of the SB-9 lot split. Per the Seller, the SB-9 process has received the required agency clearances, with the remaining Park (Quimby) fee being the final item outstanding prior to recordation of the final parcel map. With an existing JADU at 20955 Community St., an established lease, a nearly completed SB-9 lot split, an existing 350-square-foot permit, potential for additional residential development, and the potential for separate financing of the resulting parcels, this property offers a unique combination of current use and future upside in Canoga Park. Buyer is advised to independently verify all property information, including permits, approvals, square footage, JADU status, lease terms, SB-9 requirements, parcel configuration, addresses, financing options, deed-of-trust structure, and development potential with the appropriate agencies, lender, title company, and other qualified professionals.

20957 Community, Los Angeles

$888,000
9 Beds 4 Baths SB26189249 MLS Active Status
A unique four-unit opportunity in El Sereno, tucked along a palm tree-lined cul-de-sac surrounded by traditional homes. Offering approximately 4,000 square feet of total living space on a 7,127-square-foot lot, the property consists of one three-bedroom residence and three two-bedroom units, with dedicated parking for each unit. The front three-bedroom residence is vacant and move-in ready, offering approximately 1,120 square feet with fresh designer paint, new flooring, a beautifully updated kitchen with quartz countertops, double-pane windows, and in-unit washer/dryer hookups. Completely separate from the other three units with no shared walls, it also enjoys its own gated entrance and a generous fenced front yard, creating a wonderful sense of privacy. The three additional residences each feature two bedrooms and one bathroom, providing an established income-producing component to the property. Extensive improvements have also been made throughout the property, including a new roof, updated copper plumbing, new gas piping, an updated drainage system, new pillar supports, and freshly painted stucco. Additional features include four covered parking spaces, four dedicated storage units, and convenient rear-alley access. Beyond the property itself, El Sereno is a well-established Northeast Los Angeles neighborhood experiencing a renewed period of growth and community investment, with an emerging mix of community-focused gathering places, small businesses, and local venues adding new energy to the area while maintaining its longstanding residential character. Neighboring South Pasadena and Alhambra, El Sereno also provides convenient access to surrounding communities. For those who enjoy the outdoors, recreational opportunities are nearby at Ascot Hills Park, Ernest E. Debs Regional Park, and Elephant Hill Open Space, offering hiking and open-space experiences within the surrounding Northeast Los Angeles area. With four residences, approximately 4,000 square feet of living space, substantial property improvements, dedicated parking and storage, outdoor space, and an updated vacant three-bedroom front residence, this is a distinctive opportunity to own a multi-unit property in one of Northeast Los Angeles' established residential communities.

3910 Drysdale Avenue, Los Angeles

$2,895,000
41146585 MLS Active Status
Located in a highly desirable core Walnut Creek location, this well maintained multifamily property offers an attractive combination of location, unit quality, and recent capital improvements. The property is within walking distance of Downtown Walnut Creek, Civic Park, the Walnut Creek Library, and Walnut Creek BART, providing residents with exceptional access to employment, retail, dining, recreation, and regional transportation. 1150 Lincoln Ave consists entirely of two-bedroom units, a highly sought-after configuration that benefits from strong tenant demand. Units have been thoughtfully updated with hard-surface flooring, refreshed kitchen cabinetry and appliances, updated bathroom fixtures, recessed lighting, and new base and crown molding. Each unit features an individual water heater, wall-mounted air conditioning, and a newly replaced wall heater. Significant capital improvements include replacement of the sewer laterals, updated electrical sub-panels and main electrical panel, and a roof replacement in 2018. Additional resident amenities include property owned coin operated washer and dryers, covered parking, and individual storage closets for each unit. With its walkable Walnut Creek location, desirable two-bedroom unit mix, extensive improvements, and proximity to BART and Downtown Walnut Creek, the property represents an attractive opportunity for investors seeking a well-positioned multifamily asset in one of Contra Costa County's strongest rental markets

1150 Lincoln Ave, Walnut Creek

$3,600,000
6 Beds 7 Baths 26907579 MLS Active Status
1182 Oak Grove Dr presents a rare opportunity to acquire a 7-unit residential compound in the heart of Eagle Rock, one of Northeast Los Angeles' most sought-after neighborhoods. Situated on an expansive 1.78-acre lot (77,537 SF), the property consists of five detached single-family homes and one duplex seven units in total. Originally built in 1909 and extensively renovated in 2025, the property features four 1-bedroom/1-bath units and three 2-bedroom/1-bath units totaling approximately 4,875 rentable square feet across six separate buildings. Five of the seven residences function as standalone homes with private entrances, creating a true single-family living experience rarely found in multifamily investments. Beyond its current income-producing performance, the property offers a compelling long-term value-add opportunity. A future owner may have the ability to pursue a subdivision or parcel split (subject to buyer verification and city approvals), creating the potential to separately sell the detached single-family homes over time. This unique exit strategy provides investors with multiple avenues to unlock significant underlying land value while maintaining rental income during the entitlement process. The opportunity is further enhanced by the strength of the surrounding housing market. The 90041 ZIP code continues to command premium home values, with median home sale prices approaching $1.4 million and sustained buyer demand for single-family residences. Few multifamily assets offer the combination of immediate cash flow, detached-home appeal, substantial land ownership, and the potential for future individual home sales that 1182 Oak Grove Dr delivers.

1182 Oak Grove Drive, Los Angeles

$2,600,000
NDP2608136 MLS Active Status
1240–1270 Holly Avenue represents a rare opportunity to acquire a well maintained, five unit multifamily asset with meaningful value add and redevelopment potential in Imperial Beach, San Diego’s southernmost coastal community. The property is situated west of Interstate 5 and approximately two miles from the Pacific Ocean, placing it within a rapidly evolving coastal submarket characterized by sustained renter demand, ongoing revitalization, and increasing investor interest. Long term family ownership and consistent upkeep underscore the stability and pride of ownership inherent in this offering. The asset comprises approximately 5,260 rentable square feet across five detached single family style residences, supplemented by a large rear storage structure. The unit mix includes two 2 bedroom/1 bath units of roughly 860 square feet each, two 3 bedroom/1 bath units of approximately 1,008 square feet each, and one 2 bedroom/2 bath unit of approximately 1,524 square feet. All homes are believed to have been constructed circa 1960 and feature both front and rear yards. Four units are equipped with single car garages, while one unit offers a covered carport, providing ample on site parking and enhancing tenant convenience. The generous outdoor areas present opportunities for future enhancements that may support increased rental value. The property has been selectively upgraded over time, including interior and exterior painting, new flooring, entry improvements, plumbing and drain line upgrades, replacement of water valves and fixtures, electrical fixture updates with GFCI outlet enhancements, one roof replacement with tune ups on remaining roofs, refinished kitchen and bath surfaces, newer wall heaters, and updated fencing. Despite these improvements, current rents remain below market, and ownership estimates an approximate 15 percent total income upside achievable through unit turnover and additional interior modernization. INVESTMENT PROFILE: The five-unit property is currently positioned to generate approximately $13,450 per month, or $161,400 annually, based on projected rents of five single detached residential units at approximately $3,300, $2,950, $2,750, $2,300 and $2,150/month. At the $2,600,000 asking price: Gross Annual Income: $161,400. Gross Cap Rate: approximately 6.20% Estimated Net Cap Rate: approximately 4.5%, depending on actual operating expenses and insurance. The property is zoned R 3000, permitting detached and attached dwelling units at a maximum density of 14 units per acre. Based on the site’s approximate 0.67 acre footprint, the maximum permitted density is nine dwelling units, with the potential for additional units through the State Density Bonus Law or Accessory Dwelling Units (ADUs), subject to municipal review. Developers may also consider full redevelopment; new primary dwelling units would require discretionary approval, and detailed proposals may be submitted to the City of Imperial Beach Planning Department once project parameters are defined. Numerous recently completed projects in the immediate vicinity provide strong proof of concept for redevelopment in this corridor. With Imperial Beach experiencing ongoing revitalization, improved infrastructure, and sustained private investment, the property offers both current cash flow and long term appreciation potential. Its proximity to beaches, dining, retail, and major transportation routes further enhances its desirability. This offering is well suited for investors seeking to expand cash flow, build equity, and capitalize on one of coastal San Diego’s most active and evolving multifamily submarkets.

1240 70 Holly Avenue, Imperial Beach

$975,000
PW26189207 MLS Active Status
TURNKEY 4-PLEX INVESTMENT - EXTENSIVELY RENOVATED *Needs to be sold with neighboring 3 plex 1763, 1765, 1767 Woodland Dr) *This property and neighboring 3 plex Excellent opportunity to own a professionally maintained, income-producing 4-plex that is about as close to new as you can get without buying new construction. This property underwent an extensive down-to-the-studs renovation in 2015, with virtually every major component replaced or upgraded. Improvements included: New electrical New insulation and drywall New interior and exterior paint New HVAC systems 30-year composition roof New cabinets and granite countertops New tubs and bathroom finishes New interior and exterior doors Digital door hardware Hardwired smoke and carbon monoxide detectors LED recessed lighting Ceiling fans in every room Dual-pane Low-E windows Faux wood blinds Updated appliances Tile flooring in kitchens and bathrooms Luxury vinyl plank flooring in living areas and bedrooms Renovated landscaping with new sprinkler piping and valves The property also features a coin-operated laundry room with two washers and two dryers, providing an additional amenity for tenants and potential supplemental income. Each unit includes a generously sized, private fenced rear patio, giving tenants valuable outdoor living space that is difficult to find in many multifamily properties. The property has an established rental history with long-term tenants on revolving one-year leases, with the exception of one recently leased unit. The property has been well cared for and is occupied by reliable tenants with a strong history of paying rent on time. The listing photos shown are from the recently available unit and were taken prior to the new tenant moving in, providing a great representation of the condition and finishes of the property. EXTENSIVELY RENOVATED • LONG-TERM TENANTS • TURNKEY 4-PLEX An outstanding opportunity for an investor looking for a clean, stabilized multifamily property with extensive improvements already completed and strong existing rental income.

1785 Woodland Drive, Hanford

$1,995,000
8 Beds 8 Baths 26905443 MLS Active Status
We are pleased to present 904 N Spaulding Avenue, an eight-unit multifamily property located just south of Santa Monica Boulevard in the highly sought-after West Hollywood market. Built in 1957, the property offers approximately 5,132 rentable square feet on a 6,421-square-foot lot and features an attractive unit mix of (1) studio, (6) one-bedroom/one-bathroom units, and (1) two-bedroom/one-and-a-half-bathroom unit. The property is offered at a 5.22% cap rate with over 37% rental upside, providing attractive day-one cash flow with the opportunity to achieve an 8.03% stabilized cap rate based on projected market rents. The property also features six on-site parking spaces located at the rear, which may provide potential for future ADU development and the opportunity to add additional units (Buyer to Verify). Seller financing is available with 50% down, providing buyers with additional flexibility when structuring the acquisition. Seller financing is optional and is not a required condition of the sale. Located in the heart of West Hollywood, the property offers convenient access to major employment centers, dining, shopping, nightlife, and entertainment throughout West Hollywood, Beverly Hills, Hollywood, and the greater Los Angeles area. With strong in-place cash flow, significant rental upside, flexible seller financing, and potential ADU opportunities, 904 N Spaulding Avenue presents a compelling value-add investment opportunity.

904 N Spaulding Avenue, West Hollywood

$999,999
4 Beds 4 Baths 26893901 MLS Active Status
Cash cow potential! 3 Units VACANT + UNUSED OVERSIZED GARAGE IN JEFFERSON PARK. Prime, charming 4-unit income property located in the heart of one of the city's fastest-growing redevelopment corridors, perfect to rent to USC students. Three of the four units are currently VACANT, providing immediate flexibility for renovation, repositioning, or maximizing rental income.The property also features an oversized detached garage to accommodate 4 cars, combined in 1 structure, with outstanding ADU (Accessory Dwelling Unit) development potential, offering additional value and future income opportunities (buyer to verify). Per seller garage is not used by the tenant. Close proximity to downtown la, the 10 freeway and surrounded by major new development, metro rail, restaurants, shopping, and transit, this is a rare chance to acquire a property in a highly sought-after location with tremendous upside. Whether you're an investor, developer, or owner-user, this property offers exceptional potential in one of the city's most active growth areas. The remaining tenant is month to month. Broker and agents do not represent or guarantee the accuracy of the square footage, income, expenses, condition, development potential, bedroom/bathroom count, lot size or lot lines, dimensions, permitted or non-permitted spaces, or school eligibility. Buyer is advised to independently verify the accuracy of all information with appropriate professionals.No warranties, guarantees or representations regarding the adequacy, condition, performance, or suitability of the property or its systems or components are expressed or implied. Buyer to rely solely on his/her/their own findings.

3427 S Bronson Avenue, Los Angeles

$1,999,900
V1-38449 MLS Active Status
Excellent opportunity to acquire a well-located four-unit investment property in the heart of Costa Mesa, offering an attractive combination of strong in-place rental income and meaningful future upside. With rents currently below projected market levels, the property provides an investor with the opportunity to increase income over time while benefiting from four established rental income streams. The desirable unit mix consists of one three-bedroom residence and three two-bedroom residences, providing larger and more versatile floor plans than many typical apartment investments. This mix appeals to a broad tenant base, including professionals, couples, families and those seeking additional space for a home office. Tenants pay their own gas and electricity, helping reduce the owner's exposure to rising utility costs. The property's central Costa Mesa location is a significant advantage. Residents enjoy convenient access to South Coast Plaza, South Coast Metro, Orange Coast College and John Wayne Airport, along with the employment, shopping, dining and entertainment opportunities found throughout Costa Mesa and neighboring Irvine. Newport Beach and Huntington Beach are also just minutes away, providing easy access to some of Orange County's most desirable coastal communities. Excellent freeway accessibility via the 405, 55 and 73 makes the property convenient for tenants working throughout Orange County. Costa Mesa's combination of employment, entertainment, shopping, education and proximity to the coast continues to make it a highly desirable rental market. For an investor seeking a smaller multifamily property with existing cash flow, multiple income streams and the potential for future rental growth, this property offers a compelling opportunity in one of Orange County's most desirable and centrally located communities.

2859 Hickory Place, Costa Mesa

$7,600,000
OC26184407 MLS Active Status
The Mogharebi Group is pleased to present the exclusive offering of 1757 N Kingsley Drive, a 27-unit multifamily investment opportunity strategically located at the intersection of Hollywood, Los Feliz and East Hollywood. The property is offered at $7,600,000 and consists of approximately 13,168 rentable square feet on a 0.42-acre lot. Built in 1968, the property features a desirable unit mix heavily weighted toward one-bedroom apartments. The unit mix consists of 20 one-bedroom/one-bath units, six studios and one two-bedroom/one-bath unit. The property is well maintained and partially renovated, with select interiors featuring quartz countertops, stainless steel appliances, designer backsplashes, laminate/hardwood flooring, double-pane windows and modern finishes. The property's earthquake/seismic retrofit has been completed, providing a significant capital improvement for the next owner. Community amenities include a swimming pool and spa, outdoor BBQ/picnic area, controlled-access entry, on-site laundry and 27 parking spaces, providing a 1:1 parking ratio. At the asking price, the offering reflects a 5.32% current/pro forma capitalization rate with approximately 9.8% loss-to-lease, providing an investor with meaningful potential to increase NOI as rents are recaptured. The property was reported at 100% occupancy in the offering financials. The location provides excellent access to the Hollywood/Western Metro station, the 101 and 5 Freeways and major employment and entertainment centers. Nearby employers and institutions include Netflix, Paramount, CBS, Capitol Records, Sunset Bronson Studios, KTLA and LA DWP, while Target, Ralphs, Starbucks, Chase Bank and other daily amenities are within the surrounding walkable neighborhood. 1757 N Kingsley Drive offers investors the opportunity to acquire a well-located Hollywood multifamily asset combining existing cash flow, rental upside, completed seismic improvements, a strong unit mix and long-term investment fundamentals in one of Los Angeles' most established rental submarkets.

1757 N Kingsley, Los Angeles

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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