sophia Hollywood
1759 N Gower St, Los Angeles, CA 90068
Open Bid
Constructed in 2024, Sophia Hollywood is a Class A property in the heart of Hollywood, featuring 28 spacious units spanning 40,332 square feet—note encompasses an existing income property with the potential for a condominium conversion
Attractively priced well below replacement cost at under $400 per square foot, offering a low 5% year one cap rate with significant upside potential
Meticulously designed units built to condominium specifications feature premium finishes, including high gloss white cabinetry, custom soft-close cabinets, stainless steel appliances, recessed lighting, glass-enclosed tubs and showers, and in-unit laundry
Diverse floor plans include (4) one-bedroom, (16) two-bedroom, and (8) three-bedroom floor plans—select units feature half baths, dens, and oversized patios
Opportunity to increase value by relocating the gym, repurposing the existing, already-plumbed space into a large studio
Residents benefit from an array of luxury community amenities, including 44 parking spaces, 12 EV charging stations, secure bicycle storage, a well-equipped fitness center, and an inviting lobby lounge
Designated a "Walker's Paradise" with a score of 92, the property is located steps from Hollywood Boulevard and within a five-minute walk of Franklin and Sunset Boulevards
Located at the base of the Hollywood Hills, offering residents convenient access to upscale dining, nightlife, and boutique shopping
2150 N Beachwood Drive
2150 N Beachwood Dr, Los Angeles, CA 90068
$4,700,000
14-unit property located in the Hollywood Hills on a large 10,689 square foot lot
Competitively priced at $335,714 per unit with an in-place cap rate of 5.07% and a 6.18% pro forma cap rate
Opportunity for a savvy investor to capture value with 16.20% rental upside and strategic value-add renovations
Units feature laminate wood flooring, wall unit air conditioning, full kitchens, and walk-in closets and residents enjoy a variety of community amenities, including 18 covered parking spaces, 8 of which are tandem, Westinghouse sub panels, and onsite laundry
Capital expenditure of $150,000 spent on earthquake retrofit with opportunity for the buyer to passthrough the cost to tenants
Residents benefit from walkability to Franklin Village, located less than half a mile from the property and lined with grocery stores and boutique hotels, coffee shops, and dining options
Submarket asking rents expected to rise 24.6% over the next five years and occupancy averaged 94.4% over the past five years
palms view
1229 N Mansfield Ave, Los Angeles, CA 90038
$13,600,000
Well-maintained 36-unit property not subject to the City of Los Angeles Rent Control
Competitively priced below replacement cost at $377,778 per unit and $376 per square foot with an in-place cap rate of 5.00% and 6.51% pro forma cap rate
Arranged in a mix of (3) one-bedroom and one-bathroom lofts, (1) two-bedroom and one-bathroom, and (32) two-bedroom and two-bathroom floor plans, the tastefully designed units feature hardwood style flooring and living room fireplaces
Six luxury units and 23 partially renovated units feature upgrades including fully renovated kitchens, bathrooms, and SPC flooring, with select units offering vaulted ceilings and/or oversized terraces
Residents enjoy a variety of community amenities, including 66 covered parking spaces, controlled access gated entry, a fitness center, onsite laundry facilities, and EV charging
The Property is labeled a “Walker’s Paradise” with a score of 95; residents benefit from walkability to Santa Monica, Sunset, and Hollywood Boulevards, all located within a mile of the property and filled with upscale dining, hotels, and nightlife
mansfield terrace
1318 N Mansfield Ave, Los Angeles, CA 90028
$11,450,000
Well-maintained 32-unit property located in prime Hollywood, west of La Brea, with exceptional curbside appeal
Bespoke center courtyard property with pitched red-tile roof west of Highland Avenue and steps to Fountain Avenue
Competitively priced at $357,813 per unit with an in-place cap rate of 5.00% and 6.27% pro forma cap rate
Not subject to the City of Los Angeles rent control, the tastefully designed units feature stainless steel appliances, wood style
flooring, and balconies
Select units feature vaulted ceilings and oversized exterior terraces and balconies
Residents enjoy a variety of community amenities, including an ample 48 covered parking spaces, on-site laundry, EV charging, and controlled access gated entry
The Property's private center courtyard features multiple seating areas, BBQs, and fire pits for year-round outdoor living
Residents benefit from walkability to Santa Monica, Sunset, and Hollywood Boulevards, all located within a mile of the property and filled with upscale dining, hotels, and nightlife
Property can be sold separately or as a portfolio with Palms View Apartments at 1229 N Mansfield Avenue
preuss road
2023-2027 Preuss Rd, Los Angeles, CA 90034
$6,995,000
18-unit open courtyard-style property featuring newly remodeled, spacious units
Favorably priced below replacement cost at $388,611 per unit, $392 per square foot, and a 5.60% cap with upside
Potential for investors to achieve significant upside with the addition of four entitled ADUs, resulting in a 8.26% Pro Forma cap rate
Recently upgraded building systems including plumbing, electrical, windows, and HVAC
Desirable amenities including 21 on-site parking spots, controlled access gated entry, and shared outdoor grill and seating area
Diverse unit mix of (4) studios, (5) one-bedroom and one-bathroom, (11) two-bedroom and two-bathroom, and (2) three-bedroom and two-bathroom units featuring updated kitchens and bathrooms, in-unit laundry, high-speed internet, and secure entry
The property is ideally situated in the coveted Beverlywood neighborhood of West Los Angeles, offering seamless access to Beverly Hills, West Hollywood, Mid-City, Culver City, and Cheviot Hills
Excellent Walk Score of 80 out of 100, with Robertson Boulevard steps away and La Cienega Boulevard less than a mile distant, offering residents easy access to a vibrant array of restaurants, bars, and retail establishments
glendora apartments
506-524 Parker Drive, Los Angeles, CA 90007
$6,450,000
26-unit multifamily investment on three adjacent lots, totaling 37,070 SF—to be sold individually or together
Favorably priced below replacement cost at $248,077 per unit and $378 per square foot with 41% upside
Amenities include a pool, on-site laundry, window AC units, dishwashers in select units, and 28 on-site parking spaces
Consistent unit mix of (14) one-bedroom and (12) two-bedroom floorplans
Occupancy has averaged 98% over the past three years
The average household income within a five-mile radius is $150,342
The property is surrounded by high-end shopping and dining options, including Sprouts Farmers Market, Albertsons, and Walgreens all within a 10-minute walk
The property is zoned for Glendora High School, a highly ranked public high school with a GreatSchools rating of 9 out of 10
The scenic foothills of the San Gabriel Mountains are just a 10-minute drive from the property, offering ample opportunities for hiking, mountain biking, and enjoying the great outdoors
Boasting a strong walking score of 79 out of 100, the property borders Route 66 and Grand Ave, offering residents quick access to countless restaurants and shops and proximity to Azusa Pacific University and a plethora of nearby hiking trails including Colby Trail, Big Dalton Canyon Trail, and Azusa Cross Trailhead
student housing portfolio at usc
Los Angeles, CA 90007
$13,050,000 | 1201-1215 W 27th St $7,750,000 | 2647-2649 Ellendale Pl - $3,500,000
First time on the market in 11 years, the portfolio provides a strong opportunity for an investor to acquire 50-bedrooms and 49-bathrooms less than a half mile from University of Southern California, ranked 28th nationally
Rare opportunity to acquire two assets with exceptional historical financials, maintaining 100% occupancy for over a decade
Favorably located within a ten-minute walk to the University of Southern California, residents benefit from quick access to on-campus classes and amenities, including state-of-the-art fitness centers, dining halls, and libraries
With a severe shortage of on-campus housing, 64% of students live in privately owned off-campus housing
In 2014, both properties were taken down to the studs and renovated with new plumbing, electrical, windows, HVAC, recessed lighting, and roofs and a brand new duplex was added to the Ellendale property
Vista Magnolia holds the prestigious Mills Act designation, offering potential investors substantial tax savings in exchange for the preservation of its historical significance
Vista Magnolia’s 10 units boast 30 beds and 30 baths and 2647-2649 Ellendale Place features 5 units with a total of 20 beds and 19 baths
The Ellendale and Vista Magnolia properties are favorably priced at a 5.44% and 6.01% in-place cap rates, respectively
USC has a total student population of 47,000, supported by 18,123 faculty and staff members
From 2008 to 2017, USC experienced 26% of growth in total enrollment
Both properties are located less than half a mile away from University of Southern California campus in prime hub for student living—residents enjoy easy access to campus and USC Village, home to Trader Joe’s, Target, Fedex, CAVA, Starbucks, Greenleaf, Honeybird, Rock and Reilly’s, and Cafe Dulce
13629 kornblum ave
Hawthorne, CA 90250
$13,200,000
A 44-unit, 2-story apartment building in Hawthorne with 45 parking spaces on a large 39,036 square foot lot
Not subject to Los Angeles Rent Control or Measure ULA in an expanding submarket with rents expected to rise 14.05% over the next five years and an average
occupancy at 96.4% over the past five years
Favorably priced at an in-place cap rate of 5.74% to be a pro forma 6.38% cap rate at $300,000 per unit and $420 per square foot
Opportunity to add up to 8 ADUs without losing any parking spaces
Diverse unit mix of spacious studio, one- and two bedroom units
Center courtyard style property with wraparound balconies and patios on the lower levels, onsite laundry, (45) tuck under parking spots, gated entry, and lush landscaping
Light and airy units with ceiling fans in living, dining and bedrooms, grey lamented wood flooring, upgraded bathroom vanities, updated white kitchen appliances, new barn-style sinks, mirrored closet doors, sliding balcony doors, and community patios for lower units
The average household income within a three-mile radius is $124,981
Surrounded by the tech hubs of El Segundo and the aerospace industry, with major employers like SpaceX, Amazon, Hawthorne School District, Konami Digital Entertainment, Arch Motorcycle, and Mynaric
1818 N Cherokee Ave
Los Angeles, CA 90028
$38,000,000
Built in 2024, The Baxter is a thoughtfully designed 86-unit, seven-story luxury apartment building in Hollywood, CA—consisting of 85,775 square feet
Exceptional Core Class A building favorably priced below replacement cost at $441,860 per unit and $443 per square foot
Not subject to city or state rent control*
Competitive cap rate of 5.36%
Situated at the base of the Hollywood Hills, the property’s design seamlessly blends old Hollywood charm with European elegance in both its units and luxury community spaces
Residents enjoy high-end property amenities, including a rooftop sun deck, outdoor kitchen and fireplace, community clubroom, state-of-the-art fitness center, bike storage, secured mail room, coffee bar in lobby and exterior with bistro-style tables, EV charging, controlled access parking garage, Wi-Fi, and pet play area
The property consists of (14) studio, (53) one-bedroom, and (19) two-bedroom units—residents benefit from upscale finishes, including stainless-steel appliances, Nest thermostats, full-size washers, and dryers, modern wood plank-style flooring, walk-in closets, patios or balconies, floor-to-ceiling windows with sleek roller shades, and soft close cabinetry
Potential for investor to capture upside with addition of at-grade ADU with private drive-up parking
Renters make up 85.6% of the occupied housing population within a one-mile radius
Asking rents are forecasted to grow 28.5% over the next five years, one of the highest growth rates in Los Angeles
Submarket occupancy averaged 94.7% over the past five years
Average submarket rent is forecasted to rise by 20.82% over the next five years
*Not subject to State of California rent control until 2039
13999 Marquesas Way
Marina Del Rey, CA 90292
First time on the market in 52 years, from the exclusive original developer and operator
Rare opportunity to acquire one of only 16 harborside assets in the Marina—no properties have been built since 2008, and there is limited opportunity for future new construction
Villa Del Mar is the fourth waterfront asset to hit the market in the last decade, and the first in four years, providing a generational investment opportunity
The property is favorably priced below replacement cost at an extremely attractive high single-digit unlevered IRR and low teen levered IRR, without consideration of additional proposed 47 ADUs
With $27 million in renovations recently completed in 2017, the property provides strong investor potential to capitalize on ±17.85% in loss-to-lease by bringing rents to market with minimal to no capital outlay
Investor opportunity to further increase returns by value-add renovations of common areas, boat slips and conversion of rooftop to pickleball courts
The property boasts ample parking availability with 645 spaces, an abundant 3.25 spaces per unit. Per the Ground Lease only 517 parking spaces are required, allowing investors to benefit from capturing a remarkable 12.35% of additional rental upside after the construction of 47 ADUs in place of current at-grade parking, much with marina views
Favorably located in Marina Del Rey, the Property is positioned in West LA, just a 10-minute drive to the renowned Venice Beach Boardwalk, Abbot Kinney Boulevard, and the Venice Canal, and within 6-miles of Santa Monica and Culver City and a 35-minute drive to Brentwood, Beverly Hills, and Downtown Los Angeles
Affluent resident base boasts an average household income of $211,704, within a one-mile radius of the property, which is expected to increase by 13.64% over the next five years
Favorable rental market with a majority rentership rate of 76.1% within the area
Average submarket rent is forecasted to rise by 20.82% over the next five years
3992-3996 Inglewood Blvd
Los Angeles, CA 90066
$10,700,000
Well-maintained 21-unit multifamily apartment complex situated on a 14,357-square-foot double lot in prime Mar Vista—not subject to City of Los Angeles or State rent control with no deed restricted units
Arranged in a mix of (1) studio, (7) one-bedroom* unit, and (13) two-bedroom unit floor plans, the tastefully designed units feature stainless Frigidaire and GE appliances, central heating and AC, in-unit full-size washer and dryers, and polished concrete flooring
All units feature open floor plans, abundant natural light, high 9-15 foot ceilings, spacious closets with mirrored doors, and private terraces
Residents enjoy a variety of community amenities, including 42 on-site gated parking spots, a fully-equipped fitness center with Life Fitness machines, lush landscaping, and a central courtyard
Opportunity for buyer to unlock potential upside by constructing ADUs in the garage and/or on the under-utilized rooftop space, and by renovating units with recessed lighting, dual-sink bathrooms, and built-in closets
Residents benefit from walkability to boutique restaurants, grocery stores, and the Mar Vista Farmer’s Market
Located amidst prominent tech hubs including Culver City and the “Silicon Beach” cities such as Santa Monica, Venice and Playa Vista. Direct access to best in day shopping and dining destinations from world renowned Abbot Kinney in Venice to The Platform in Culver City, Century City’s Westfield Mall, Brentwood’s Country Mart, and Santa Monica’s Montana Avenue
Just six miles from LA International Airport (LAX) with convenient access to both the 405 and 10 freeways, residents can seamlessly travel around Los Angeles and beyond. Two miles from Sony Pictures Studios, Culver Steps, and Downtown Culver City, and three miles to infamous Venice Beach Boardwalk
Submarket asking rents expected to rise 22% over the next five years and submarket occupancy averaged 96.6% over the past five years
1941 White Ave
La Verne, CA 91750
1941 White Ave sits on a large, 5-acre development site located on a corner lot in Los Angeles County, on the metro adjacent to the core Inland Empire between Montclair and Pomona
Priced at an attractive basis of $40,872/unit and $72/sq ft
Fully Entitled Property has been approved for 323 market-rate units, 44 Section 8 units, and 1,588 square feet of additional retail space
The Owners hired Architects Orange, MJS Landscape Architecture, and Fuscoe Engineering to develop full scope Architectural Plans, featuring 367 units, 6,275 square feet of community amenities, 1,588 square feet of retail space, 63,848 square feet of common open space, and 511 parking spaces
Situated within five miles of numerous prestigious universities, including the five Claremont Colleges, Cal Poly Pomona, La Verne University, and Western University
Convenient location steps to LA metro line slated to open in early 2025 and a 5-minute drive to the I-10 freeway, connecting to major employment hubs in Greater Los Angeles Area
Projected Rent Increase indicates La Verne asking rents expected to rise by 11.5% over the next five years
High Tenant Demand with submarket occupancy averaging nearly 99% over the last three years
726 Van Ness Ave
Los Angeles, CA 90038
$3,275,000
Well-preserved Art Deco reminiscent 9,508 square building on a 6,730 square foot lot that’s been well maintained with significant pride of ownership by the same family for over 25 years
5.13% cap to be a 7-cap stabilized with pricing below replacement cost at $163,750 per unit and $344 per square foot in a highly desirable neighborhood across from Paramount Studios
A superior location north of Hancock Park, west of Larchmont Village, and directly across the street from the longest operating and only remaining major studio in Hollywood, Paramount Pictures which attracts a solid and consistent tenant base new to Los Angeles and dreaming about the future
20-unit, sleek and geometrically designed “le style moderne” property consisting of (17) Studios and (3) 1 bedroom and 1 bath units ranging in size from 440 square feet to 640 square feet with an Accessory Dwelling Unit (ADU) currently under construction to be completed by close of escrow
Potential for 21% rental upside with the opportunity to add value and capture top-of-market rents through strategic renovations by modernizing the units by adding recessed lighting, stainless steel appliances, and granite countertops, updating the common areas, and making managerial changes
Centrally located with a walk score of 84 out of 100—close to entertainment, restaurants, and employment centers such as Paramount Studios just across the street, Sunset Gower Studios, Children’s Hospital, Kaiser Permanente, Saffy’s on Fountain, Netflix, Hollywood Forever Cemetery, and many others
3205 Descanso Drive
Los Angeles, CA 90026
$5,600,000
26- unit Art Deco multifamily property with 17,760 square feet of building space—first time on the market in over 25 years
Priced below replacement costs in a prime neighborhood at $215,385 per unit and $315 per square foot
Currently at a 5.56% cap rate to stabilize at nearly a 6.39% cap rate
Diverse unit-mix with (5) efficiency, (11) studio, (8) one-bedroom, and (2) two bedroom floor plans - each unit boasting hardwood or laminate floors and exposed brick in the living room
Potential to add 12.4% rental upside by renovating unit interiors to feature recess lighting, stainless steel appliances, and modernizing the interior while updating the common areas
The property features a charming courtyard setting, a cobblestone side pathway, and seating areas with significant outside space to allow bike storage or rental station creating an amenity for carless tenants
Highly desirable location in Silver Lake - one of the most sought-after multifamily rental markets and affluent resident-bases in Los Angeles
Nestled between Downtown Los Angeles, Burbank, and Hollywood- three of LA’s major employment hubs
Rates as a “Very Walkable” place to live with a Walk Score of 95/100—offering residents immediate access to Silver Lake’s best dining and shopping
Average submarket asking rent has grown 13.3% over the past year and is forecasted to rise another 23.1% in the next 5 years
Hollywood Portfolio
2017 Argyle Ave, Los Angeles, CA 90068 | $13,750,000
1746 N Cherokee Ave, Los Angeles, CA 90028 | $17,850,000
6731 Leland Way, Los Angeles, CA 90028 | $11,000,000
Historical trophy assets, well maintained by a family office for over 25 years with pride of ownership and a deep passion for the international prestige of Hollywood and its movie stars
An attractive basis below replacement cost at $182,051 per unit and $270 per square foot for the portfolio
In-place cap rate of 5.3% to stabilize at a 7.71% pro forma cap rate—to be purchased individually or in bulk
234 units consisting of across three properties totaling 157,568 square feet with a sleek geometric architectural design featuring original wood floors, ornate crown molding, exposed brick walls, luscious landscaping, antique glass doors and windows, inviting outdoor seating areas, and solar panels on the grid with LADWP
Irreplaceable, architecturally unique assets featuring unmistakable Art Deco design encompassing decades of rich history and celebrity tenants
An affordable investor may also appreciate Leland’s location in a high resource area, with Leland and Cherokee qualifying for Tier 1 Section 8 rental rates, and Argyle for Tier 2 Section 8 rental rates
All properties labeled a “Walker’s Paradise” on WalkScore.com, located close to entertainment, education, and employment hubs situated a mile from West Hollywood, four miles from top studios in Burbank, and five miles from Griffith Observatory, making it a superior central destination to the Greater Los Angeles Area
Koreatown Portfolio
2892 W 7th St, Los Angeles, CA 90005 | $8,500,000
129 N Oxford Ave, Los Angeles, CA 90004 | $4,375,000
746 S Normandie Ave, Los Angeles, CA 90005 | $4,950,000
2892 W 7th St, 129 N Oxford Ave, and 746 S Normandie Ave are offered at an attractive basis of $141,667, $175,000, and $141,429 per unit, respectively
120 units across three properties, wellmaintained by the same owner for over 25 years
All properties priced below replacement cost at an average of $148,542 per unit, $243 per square-foot, a 5.53% cap rate and a 7.26% pro forma cap rate—to be purchased individually or in bulk
Rental upside of 12% through operational efficiencies, strategic renovations of units and common areas, implementing a RUBS program, and exploring the addition of ADUs
Residents benefit from spacious floor plans, 8 to 10 foot ceilings, large windows with ample lighting, on-site laundry facilities, controlled-access, and select units providing sweeping city views of the Los Angeles skyline
All three properties sit within walking distance of major Koreatown nightlife, dining, and shopping attractions, including Chapman Plaza, The LINE Hotel, and City Center on 6th • Koreatown is one of the most historic, diverse, and densely populated areas in Los Angeles
925 N Eucalyptus Ave
Inglewood, CA 90302
$5,750,000
32,534 square foot lot zoned INR3VV in a medium density area with the ability to achieve greater density by applying California State Assembly Bills AB 1763 and AB 2334
Affordable density incentives provide no maximum allowable density with no minimal required parking requirement
An astute developer can build up to 211 affordable units, however, a lower cost, lower density property of 150 units and 54 parking spots provides an untrended yield-to-cost of 7.19%
Buyer can achieve Section 8 Voucher rents that are significantly above affordable rental limits: $1,954 for studio, $2,206 for one-bedroom, $2,798 for two-bedroom, and $3,589 for three bedroom units
The property is located in the City of Inglewood, therefore the measure ULA tax will not be enforced on the sale
City of Inglewood and Century Housing established The Inglewood Fund to provide specialized financing for the acquisition, preservation, and development of affordable housing and mixed income housing in Inglewood at 3% fixed interest rates for developments providing at least 50% affordable housing
Seller will entertain all offers and will consider waiting for entitlements or selling the property as-is
Unmatched location in prime Inglewood neighborhood Just a quick five-minute drive to two of LA’s most famous entertainment venues, the Kia Forum and SoFi Stadium, and a 12-minute drive to LAX
1941 White ave
La Verne, CA 91750
$15,000,000
1941 White Ave sits on a large, 5-acre development site located on a corner lot in the highly sought after core Inland Empire between Montclair and Pomona
Priced at an attractive basis of $40,872/unit and $72/sq ft
Fully Entitled Property has been approved for 323 market-rate units, 44 Section 8 units, and 1,588 square feet of additional retail space
The Owners hired Architects Orange, MJS Landscape Architecture, and Fuscoe Engineering to develop full scope Architectural Plans, featuring 367 units, 6,275 square feet of community amenities, 1,588 square feet of retail space, 63,848 square feet of common open space, and 511 parking spaces
Situated within five miles of numerous prestigious universities, including the five Claremont Colleges, Cal Poly Pomona, La Verne University, and Western University
Convenient location steps to LA metro line slated to open in early 2025 and a 5-minute drive to the I-10 freeway, connecting to major employment hubs in Greater Los Angeles Area
Projected Rent Increase indicates La Verne asking rents expected to rise by 11.5% over the next five years
High Tenant Demand with submarket occupancy averaging nearly 99% over the last three years
511 ocean front walk
Venice, CA 90291
$11,000,000
Rare multifamily opportunity with large picture windows overlooking the ocean, hardwood floors, natural light and multiple built-ins
Fully renovated down to the studs in 2023 and 2024 including a new roof, exterior stucco, insulation, and complete plumbing, electrical systems, and heating
Further upgrades include all new flooring, kitchens, and bathrooms for the interiors—set to be completed in July, 2024
Corner units feature exceptional natural lighting with sweeping ocean views
Two ground floor retail spaces have direct access to the world renowned Venice Boardwalk
Favorably located in highly sought-after Venice, the property is positioned directly on the Venice boardwalk with unobstructed ocean views
Located at the center of the Silicon Beach creative tech hub, which is home to notable area employers Google, Snapchat, Twitter and many more
Average household income of $176,466 within a three-mile radius
Venice submarket rents projected to increase nearly 20.1% over the next five years
10341 Graham Ave
Los Angeles, CA 90002
$6,000,000
10341 Graham Avenue is an ED1-eligible site that occupies 1.17 acres of undeveloped land
Opportunity to build unlimited affordable housing units utilizing ED1 expedited entitlement process and density bonuses
Priced at a compelling basis of $40,000 per unit
High tenant demand with submarket vacancy averaging 1.5% over the past five years
Submarket asking rents are projected to rise 13.5% over the next 5 years
Conveniently located adjacent to the Watts Towers metro station and just a quick 5-minute drive to both the 105 and 110 freeways, offering seamless connectivity to the major employment hubs of the greater Los Angeles Area
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
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
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