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Please NOTE- The list price is the starting bid auction price, NOT the selling price. Property will be available for bidding on an online auction- bids will be opened daily. There will be a Seller Reserve, so this is not an Absolute Auction. There will be a Buyer Premium charge to the successful bidder. Call your Realtor about terms and conditions. Investor GOLD MINE! Not only do you get three 2/1 units, but the lot is zoned R3 and most properties on this side of the block are 8+ units! The lot is flat in front, but sloped in the rear, so you have building potential on the hill to capture amazing city lights views, including Chavez Ravine and Catalina! If it were renovated and rented at market value then this property is easily worth 1.3M, but add more units or a dream house on the hill and you could be looking at millions of dollars in property value! There is a down-side... Two of the three units are occupied and pay way under market rent. The third unit is occupied by a relative of the former tenant and has not paid rent since the tenant moved out, so he is considered a squatter. A 3-day Notice was served already. Both paying tenants are open to discuss relocation assistance. The upside is incredible, so hurry and make your offer subject to interior inspection TODAY!!! NOTE- property will be delivered with tenants and squatter in place at the close of escrow. Neither the seller nor their agent will begin eviction proceedings.

This well-maintained 9-unit apartment building in Van Nuys features a desirable unit mix consisting of (4) 2 bed/2 bath unit, (5) 1 bed/1 bath unit, situated on an 8,749 sq ft lot, the property offers approximately 8,957 rentable square feet. The unit mix supports stable, long-term tenancy and helps minimize turnover. The property is fully occupied with all units currently leased. Extensive upgrades have been completed throughout the property granite and sizar stone counter tops, stainless still appliance, including exterior improvements and painting, and fully renovated interiors Smart utility management and sustainable operational features are key to optimizing net operating income. 14218 Sylvan St is equipped with rooftop solar water heating along with two dedicated water reservoirs, helping reduce utility overhead and supporting sustained operational resilience. In modern multifamily management, energy and water infrastructure upgrades represent measurable bottom-line value. Conveniently located near the 405, 101, and 170 freeways, the property provides excellent accessibility. It is next to Citi Hall Court House Federal Buildings and just minutes from Ventura Boulevard, offering a wide variety of dining, shopping, and entertainment options, as well as nearby public transportation with easy access to Encino, Woodland Hills, North Hollywood, Burbank, Hollywood, and Downtown Los Angeles.

Location! Location! An excellent opportunity to own this 6 unit apartment property in the heart of Korea Town.A minute walking distance to banks, shopping, restaurants and transportation. All 2 bedrooms 1 bathroom, clean and well maintenance,zoning LAR4. There are a total of 6 parking spaces at the rear of the property. No Soft Story Earthquake Seismic Retrofit needed. Potential for ADU and storage units . This prime property is centrally located in Koreantown. Many shopping establishments and public transportation are with in walking distance. With the opening of Metro's D Line Extension Section 1, this expansion makes it easier to travel between Mid-Wilshire, Miracle Mile, Koreatown, Downtown Los Angeles and the wider Metro system with faster, traffic-free trips. Riders now have direct access to museums, jobs, healthcare, shopping and neighborhood destinations along one of the region’s busiest corridors. Upon Completion of Extension # 3, riders have potential traffic-free trips from KoreanTown to Westwood/UCLA area. Don't miss this chance to invest in a property with a solid rental history and potential for growth. Whether you're a seasoned investor or a new entrant into the market, this 6-unit gem offers an excellent foundation for building your real estate portfolio. Seize this opportunity to become a part of this thriving community and secure a valuable asset in a prime location! Please do not disturb tenants, drive by only..

Now Fully Rented plus REDUCED $75,000 as well! This is a Straight Sale with No 1031 Exchange as long time Sellers are retiring! Pleased to Present this great Income-Producing Multifamily Opportunity in the heart of Mid-City/West Adams adjacent to Arlington Heights in Los Angeles. Featuring two separate buildings of approx. 8431 SF on a large 11,600 SF, LAR3-Zoned lot. With Two addresses: 1805 S. Gramercy Place & 2442 W. 18th Street with one APN, this well-maintained 7-unit property offers strong in-place income with additional value-add & Development Potential. Built in 1937, Subject Property consists of a fourplex featuring four spacious 2+1 units and a separate triplex comprised of three attached townhome-style residences. The buildings showcase classic architectural character with period crown moldings, hardwood flooring throughout, abundant natural light, and updated windows throughout the property. Ownership has completed renovations to 2 of the 7 units while preserving the property's original charm. The most recent updates are the staircase on the side of the building & installation of individual Gas shut-off Valves. Six residences are equipped with in-unit washer and dryers. Individually metered for gas and electricity. Contact the listing agent for additional details. 7 Assigned parking spaces on site on a rebuilt Parking Area. The expansive lot allows the rear portion a potential for additional development, including possible ADU construction (buyer to independently verify all development possibilities, zoning requirements, and approvals with the City of Los Angeles). Ideally situated within approximately 2.5 miles of USC, Downtown Los Angeles, LA Live, Crypto.com Arena, and numerous employment, entertainment, and transportation hubs. This property presents an outstanding opportunity for investors seeking stable cash flow.

Take a look at these 2 homes on a 10,600 sq ft. R3 corner ocean view lot. Plenty of room for 2 households. Please do not disturb renters. Homes are located close to Grand Ave Corridor. Shops, restaurants, bus stops, gas stations, beach, and parks nearby. Both homes have new flooring and have been recently painted. Check with city as to potential building (possibility of 8 new homes) or (possibility of 16 small homes). Current income is estimated at $4,450.00.Please do not disturb occupants.

Maximize your real estate portfolio with this rare Los Angeles investment opportunity. This property features fully occupied, market-rate units and verified city approval to build new structures completely exempt from rent control. Currently 4.26 CAP Rate. Enjoy immediate, stable cash flow with a clear, paved path to build your next premium income stream. The existing gated property features a charming two-story building consisting of two updated units, (1) 2 bedroom and (1) 3 bedroom, 1 bathroom units. This gated complex sits on a tree lined street and has a welcoming front lawn, ample driveway parking and lot backs into an alleyway. The approved plans allow for the construction of a 2 story brand-new development. The new project will feature (4) 1 bdr, 1 bath units and (2) 2 bdr, 2 bath ADUs, each thoughtfully designed to meet the needs of modern urban living. The new building will encompass approximately 3,700 square feet on a 7006 SF square foot lot. One unit can be delivered vacant or the two front units will generate income while you build out the new units. . This property is situated just minutes from USC, LATCC, University of West LA and CAL State LA. Not to mention it is minutes from LA Memorial Coliseum, BMO Stadium , SoFi Stadium, Kia Forum, Intuit Dome, Crypto.com Arena, Dodger Stadium, and more! The property location benefits from a strong demand for rental housing offering significant long-term growth potential. This is a great opportunity for anyone looking to invest in income property in Los Angeles!

A rare chance to acquire a fully entitled, ready-to-issue development site in the heart of Santa Monica, no entitlement risk, no waiting on the city, just permits and a shovel. Situated on a 7,500 square foot lot at 1434 14th Street, this RTI package delivers approved plans for a 3-story, 9-unit apartment building plus one ADU, over a full level of subterranean parking. The unit mix includes 1 three-bedroom, 3 two-bedrooms, 3 one-bedrooms, and 2 affordable two-bedroom units, a well-balanced program designed to maximize density while satisfying Santa Monica's Tier 2 Community Benefits requirements. Total building area comes in at approximately 10,811 square feet across three floors, with 10 parking spaces in the subterranean garage. The project was permitted under SMR3 zoning with a 35% density bonus, pushing the allowable unit count from 6 base units to 9. The existing improvements, a 1925 California Bungalow duplex, have been vacated and are sold as-is. The value is in the land and the entitlements. The location delivers everything Santa Monica multifamily tenants demand: walkable to several shops and restaurants, the Expo Line, Third Street Promenade, and the beach. High walk and bike scores virtually eliminate car dependency, which is exactly what the next generation of renters is underwriting. Opportunities to purchase a shovel-ready 9-unit site in Santa Monica at this price point don't come around often. Priced to reflect the land and approved entitlements.

This is a completely vacant apartment building in the rear. In the front there is a motel that will no longer allowed to be run as a motel. Currently the property is ripe for renovation or redevelopment. The savvy investor may consider keeping the non-RC apartments in the rear and adding ADUs.

To schedule an Open House or to request more information about this property, call Walla Walla Sotheby's Realty at 6194800890...