1438 14th Street, Santa Monica, CA

$3,000,000

First time on the market! Great value-add opportunity on this very well maintained 10 unit property. Some rents can be raised to the MARs (Buyer to confirm with Santa Monica Rent Control). There are (6) 2 bedrooms/1 3/4 bathrooms and (4) 1 bedroom/1 bathroom apartments.12 car parking. The 2 front units are split level with high ceilings. Good long term upside in rents. Close to restaurants and shopping in sunny Santa Monica!

Gross Annual Income using current rents is $237,884. This should improve to approximately $250,352 with the several rents which can be raised to match MARs. The Gross Income, GRM and Cap rate below are based on $250,352 Gross. See current Rent Roll with potential increases. Property will need soft-story retrofit.

 

1520 Andalusia Avenue, Venice, CA

$2,980,000

Located on the corner of Andalusia and Cabrillo, just south of Abbot Kinney Blvd in Venice’s favorite neighborhood! Close to Venice Beach and steps to popular shops, restaurants, and galleries. Charming central courtyard configuration with 6 studio and 2 one bedroom apartments. . No parking on premises. Zoned LARD 1.5

 

2450 Oak Street, Santa Monica, CA

$2,980,000

$2,000,000 ASSUMABLE LOAN. 4% interest only until 2029 for qualified buyer (private 3rd party lender) . Very well maintained building with character. 6 charming, one bedroom units located on quiet tree-lined street in Sunset Park. Backs to single family residential. All units have patios. Front unit has patio with fireplace. Certain units have been nicely upgraded with stone counters, stainless appliances and some, if not all, with in-unit laundry. Garage income of approximately $1,150/month from offsite renters (included in gross rent subject to verification). 5 total one car garages for possible future ADU conversion. Very close proximity to trendy eateries and other shops and amenities on Ocean Park Blvd. Just down the street from beautiful Clover Park! Inside with accepted offer.

 

Bow Truss architectural gem in the heart of the NOHO Arts District. This property features a wide open design with exposed beams and polished concrete floors- with 4,675 square feet on the ground level, plus a large loft/mezzanine area situated on a 6,003 SF lot. Ideally located directly in the densely populated and thriving Arts District just steps to Amazon Fresh, WeWork workplace, Laemmle 7 theaters, and talks of a soon to come 7-story hotel featuring commercial space and 125 rooms. 5018 Lankershim benefits from excellent visibility and 56 feet of frontage along highly trafficked Lankershim Blvd and is within the State Enterprise and Opportunity Zone. The property features 2 parking spots in the back with the possible potential to expand with reconfiguration to the rear of the building - in addition to 2 private offices, 3 bathrooms, and plenty of storage. Property is currently owner occupied and can be delivered vacant.

5018 Lankershim Blvd, North Hollywood, CA

$2,999,000

Bow Truss architectural gem in the heart of the NOHO Arts District. This property features a wide open design with exposed beams and polished concrete floors- with 4,675 square feet on the ground level, plus a large loft/mezzanine area situated on a 6,003 SF lot. Ideally located directly in the densely populated and thriving Arts District just steps to Amazon Fresh, WeWork workplace, Laemmle 7 theaters, and talks of a soon to come 7-story hotel featuring commercial space and 125 rooms. 5018 Lankershim benefits from excellent visibility and 56 feet of frontage along highly trafficked Lankershim Blvd and is within the State Enterprise and Opportunity Zone. The property features 2 parking spots in the back with the possible potential to expand with reconfiguration to the rear of the building – in addition to 2 private offices, 3 bathrooms, and plenty of storage. Property is currently owner occupied and can be delivered vacant.