favorites

Prime 10-unit Value-add several blocks from CALTECH and PCC, Class A Location, Corner lot on Union St, RM-48 Zone, Walkscore 94, Long-time owner, Very Well-maintained. A very well-maintained property in an excellent location only several blocks away from CALTECH and Pasadena City College. With a walk score of 94 and proximity to many amenities in the area including Lake Ave District and Old Town Pasadena and flurries of restaurants along Colorado Blvd, this community offers an ease of management and easy to rent investment. Offered at an attractive 6.22% CAP Rate, this investment presents an excellent opportunity for savvy investors to buy a very well-located apartment with no known deferred maintenance and excellent in-place rents. The property was built in 1959 and situated on southeast corner of Mar Vista Ave and Union St. It has a total of ±6,920SF building size and is situated on a large ±8,744SF R4 lot. It has small lawn in the front with side paver stone courtyard that provides easy access to units. The roof is in excellent condition, all the windows have been upgraded, and the property has updated exterior paint. It offers an excellent unit mix of two (2) 2-bedroom+1-bathroom, and eight (8) 1-bedroom+1-bathroom units. Approximately 8 out of 10 of the units have had upgrades with updated kitchen, updated flooring and updated bathroom (buyer to verify). The units are spacious and bright with updated dual pane windows throughout. Two units are vacant and can be delivered vacant There are 9 parking spaces provided by carports in the back – there is no soft story retrofit required. Parking is secured by an automatic parking gate. There is a shared laundry room with seller’s own machines. Each unit is separately metered for gas and electricity.

We are pleased to present 620 E 79th St, a five-unit multifamily property in South Los Angeles featuring four 1BD/1BA units and a 720 SF 2BD/1BA ADU built in 2022, on a 5,204 SF lot. Priced at $925,000 ($185,000/unit, $397/SF), the property offers a 9.95% CAP and 7.40 GRM on in-place income, a basis well below recent comparable sales in the 90001 submarket. The upside is immediate: two units, including the rear ADU, can be delivered vacant, allowing a new owner to set rents at market from day one or occupy a unit while the remaining four cover the mortgage. In-place rents on the occupied units sit up to 29% below market, giving an investor a clear path to grow income on turnover and push the return well beyond the current CAP. The 2022 ADU adds a newer, low-maintenance unit to the mix, and the entirely single-story layout with no elevated balconies means no SB 721 inspection and lower long-term upkeep. Eligible for 100% bonus depreciation via cost segregation. Close to the USPS Los Angeles Processing & Distribution Center, the Vernon and Commerce industrial corridors, the 110, 105, and 10 freeways, and the Metro A Line. Buyer to verify all information.

Pearson Properties is proud to present 314 N Genesee Ave, a two story 1929 built Spanish style apartment building centrally located in the highly desirable "Grove" area across Pan Pacific Park. Consisting of 8 units have 2 Bedrooms and 1 Bathroom, all units are full of its original charm including hardwood flooring, Spanish tiles and special molding. Although the list price already reflects an aggressive 6.1 CAP, the real value lies upon upgrading the units. A buyer could leave the building as-is, or a more active investor could upgrade the units to increase the rent drastically. Laundry room offers additional income. Please call listing agent with any questions. Please do not disturb tenants or walk property without listing agent.

8.30% Current Cap Rate!! 626 E 51st St presents an attractive opportunity to acquire a 5-unit multifamily investment property in Los Angeles, offered at $850,000. The property delivers a compelling 8.30% current cap rate and 7.38 GRM, with pro forma rents indicating an 18.84% increase in scheduled income and meaningful potential for enhanced returns. Built in 1911, the property encompasses approximately 3,265 SF of building area on a 4,680 SF lot, equating to approximately $260/SF. The unit mix consists of (1) 1 Bed/1 Bath, (3) 2 Bed/1 Bath, and (1) 3 Bed/1 Bath units, complemented by 4 on-site parking spaces. Ideally situated in Los Angeles, CA 90011, the property benefits from proximity to major employment centers, established retail corridors, and public transportation. Its diverse unit mix, attractive in-place returns, and rental upside make it a compelling opportunity for investors seeking strong cash flow with additional value-add potential.

Pleased to present 3518–3530 Foothill Boulevard, a twenty-eight (28)-unit mixed-use property in Oakland’s Fruitvale neighborhood. Built in 1935, the approximately 20,969-square-foot property features five (5) ground-floor retail spaces and twenty-three (23) residential units, providing a diversified income stream. The property has benefited from extensive capital improvements, including a new intercom system, security camera system, seismic upgrades, newer roof and boiler, water heater replacement, sewer lateral replacement, electrical upgrades, fire alarm system, baseboard heat conversion, plumbing upgrades, and LED lighting throughout the common areas. Additional amenities include an on-site laundromat, further enhancing tenant convenience and long-term asset value. With its diversified unit mix, significant recent improvements, and strong in-place income, the property presents a compelling mixed-use investment opportunity in one of Oakland’s established rental corridors. The property is located in Oakland’s Fruitvale neighborhood along the highly traveled Foothill Boulevard corridor, offering exceptional visibility and convenient access for both residential and commercial tenants. The property is just minutes from Fruitvale BART, Interstate 580, Interstate 880, and International Boulevard, providing seamless connectivity throughout Oakland and the greater Bay Area. Residents and businesses benefit from close proximity to neighborhood shopping, restaurants, schools, parks, and everyday amenities, while Downtown Oakland, Jack London Square, and major employment centers are only a short drive away. With strong transportation access, a vibrant commercial corridor, and continued demand for both retail and residential space, 3518–3530 Foothill Boulevard is well positioned in one of Oakland’s most established mixed-use submarkets.

Four-unit multifamily property in Southwest Berkeley, 6.61% Cap Rate! The building features four (4) two-bedroom, one-bathroom units, three of which have been fully renovated with updated kitchens and bathrooms, new flooring, modern finishes, and new electrical subpanels. Two units also feature in-unit washers and dryers. Recent building improvements include new windows, fresh exterior paint, and updated landscaping. The property offers eight (8) off-street parking spaces and tenant storage lockers. One renovated unit will be delivered vacant, allowing an owner-occupant to move in or an investor to lease it at market rent. With extensive recent improvements, ample parking, and rental upside, the property offers an attractive opportunity for both owner-occupants and long-term investors. The property is located in Southwest Berkeley, just north of Ashby Avenue near Sacramento Street. The property is conveniently located near San Pablo Park and a variety of shopping, dining, and grocery options along Sacramento Street and the Ashby corridor. Berkeley Bowl West, Fourth Street, and Bay Street in Emeryville are all a short drive away. Commuters benefit from access to Ashby BART, multiple AC Transit lines, and nearby I-80 and I-580, providing connectivity throughout the Bay Area. The property also offers easy access to UC Berkeley, Downtown Berkeley, and major employment centers in Emeryville and West Berkeley. Over 42,000 residents within a one-mile radius and average household incomes exceeding $146,000.

We are pleased to present 1432 E 25th St, a brand new construction multifamily opportunity situated on the southern doorstep of Downtown Los Angeles in the Central-Alameda neighborhood. Expected to deliver by Q4, the building will consist of 55 units with an efficient mix of 6 studios and 49 one-bedroom units, purpose-built for the workforce renter. The asset is being delivered below replacement cost and at a basis comparable to what vintage RSO product is currently trading for in the submarket, giving portfolio operators a rare opportunity to upgrade their vintage portfolio into brand new construction. The property will be delivered vacant at close of escrow, providing investors complete operational control and the ability to implement their own lease-up strategy from day one. Vacant delivery also creates a compelling opportunity for mission-driven housing operators to populate the building with the demographic groups they serve, including workforce, affordable, or supportive housing residents, without the need for tenant displacement. The property features a 4,400 SF communal roof deck offering unobstructed views of Downtown LA, designed as a true community gathering space for residents to host events, socialize, and connect. Located just south of DTLA, the property sits within easy commute distance to Downtown LA and Angeles Vernon, with walking distance to multiple Metro local lines and the Metro A rail line. Strategically positioned minutes from Downtown Los Angeles, residents benefit from proximity to major employers across finance, healthcare, tech, government, and education, making this an ideal workforce housing rental play for operators targeting the DTLA-adjacent renter pool. The asset also benefits from easy freeway access, proximity to public transit, local retail, and everyday amenities along major commercial corridors.

Offering consists of a large main house with enclosed private yard and 4 rental units in the rear; Hard-to-Find Asset in most desirable Sherman Oaks Location on Moorpark Street; Fully remodeled main house with large private and enclosed yard; Main house includes a large living room with fire place, a large den opening up to a swimming pool, large remodeled kitchen with breakfast nook and two generously sized bedrooms and bathrooms. The main house was fully gutted and remodeled in 2019; There are also 4 rental units in the rear with a separate and gated entrance. Fully remodeled vacant single unit with top of the line appointments; Low operating expenses- trash paid by tenants through DWP; Alley in the rear providing access to parking and potential for future redevelopment; Corner lot providing ample light to all units; Great curb appeal; Gated and secured; Across the popular M Street Cafe on Moorpark Street; New roof 2018; Seismic retrofit completed 2022.

Duplex property located in the City of Bakersfield offering two residential units on a single parcel. This single-story property features approximately 1,422 square feet of living space on an approximately 5,668 square foot lot. Each unit features 1 bedroom and 1 bathroom with separate 1-car garage,additional carports and private yard areas for each unit. a standout feature is the spacious 14.5' x10' laundry room, adding functionality and extra storge potential that is currently not being used. Conveniently located near shopping, dining, schools, medical facilities, and major transportation routes. The property offers separate living spaces and is situated in an established residential neighborhood with convenient access to local amenities and services. Buyer and buyer’s agent are advised to independently verify all information, including but not limited to square footage, lot size, zoning, permits, unit configuration, utilities, and intended use with the appropriate governmental agencies.