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4408 Lockwood represents a compelling value-add opportunity for a new owner to capture significant embedded upside with a substantial head start already in place. Current ownership has already turned ten of the property's twenty units and invested in major capital improvements including a new roof, plumbing upgrades, upgraded electrical, and a bolted foundation reducing near-term capex risk for a new buyer. The property is currently operating at a 6.04%cap rate and 9.17 GRM on in-place rents, reflecting an approximately 22.2% loss to lease relative to market. By continuing to turn the remaining units and capturing existing loss to lease, a new owner can grow NOI by roughly 47% and drive returns to an 8.85% cap rate and 7.18 GRM on a market basis.

1351 Armadale Avenue is a well-maintained 16-unit apartment community in Highland Park, offering investors an attractive value-add opportunity in one of Los Angeles' most supply-constrained multifamily markets. The property features a balanced unit mix of eight one-bedroom/one-bathroom units and eight two-bedroom/one-bathroom units, appealing to a broad tenant base and supporting long-term occupancy. Residents also benefit from on-site laundry and 16 parking spaces. Its established operating history and well-maintained interiors and exteriors provide a strong foundation for current income, while limited new apartment development, high replacement costs, and continued housing demand support long-term growth. Located near major employment centers in Downtown Los Angeles, Pasadena, and Glendale, residents enjoy convenient access to Figueroa Street, York Boulevard, Old Pasadena, and Eagle Rock. The property is also near Occidental College, Pasadena City College, and Caltech. Its desirable location, below-market rents, and value-add potential position 1351 Armadale Avenue for continued rental demand, income growth, and long-term appreciation.

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

1940 Chestnut Ave | 14-Unit Stabilized Multifamily in Long Beach. 1946-built asset totaling 9,437 SF on an 8,152 SF lot in an established residential corridor one block from major employment and transit corridors in one of Los Angeles County's most durable rental submarkets. The property features a (10) 2+1 / (2) Studio / (2) 3+2 unit mix averaging 723 SF with separately metered electric - a cost-efficiency advantage in this dense urban environment. Twelve units are currently occupied and eleven of twelve occupied units are below market, with rents averaging $1,899.64/month against market rents of $2,003.57, and two units positioned to lease at market rate with zero capital expenditure. Offered at $2,775,000 ($198,214/unit | $294.06/SF) with an 8.13% current cap rate, the real story is what's underneath - an 8.74% pro forma cap and $16,905 in incremental annual NOI as rents mark to market through straightforward execution with no renovation required.

711 E 6th St | 12-Unit Multifamily, Long Beach. 1953-built asset totaling 5,040 SF on an 8,064 SF lot in an established residential corridor near Long Beach's downtown core. The property features (12) studio units averaging 420 SF with zero parking obligation, a structural advantage in this dense urban submarket. Ten units are currently occupied and every unit is at or below market, with rents averaging $1,507.50/month against market rents of $1,525 and two units positioned at market ready to lease. Offered at $1,900,000 ($158,333/unit | $376.98/SF) with a 7.06% current cap rate, the real story is execution simplicity: a 7.20% pro forma cap as below-market units turn to $1,525, with two market-ready vacancies leasing at zero capex.

$100,000 REDUCTION: Hi, I'm 2338, 2338 & 2340 Lake View Drive, a 1936 Spanish garden compound tucked into the hills of Silver Lake. Yes, I'm technically three separate residences. I prefer to think of myself as an exceptionally charming little real estate empire with better landscaping. My setup includes a 2-bedroom main residence with a separate office and 2-car garage used as a social cave, a spacious 1-bedroom residence, and a garden studio, all arranged across a lush, terraced lot with privacy, personality and with tree and city views. Each residence has its own character, along with arched entries, wood, wood-laminate, carpet and tile flooring, thoughtful lighting, kitchens with updated appliances, bathrooms with showers and/or tubs, and laundry available on the property. I've also had some serious work done and not the kind involving a suspiciously flattering profile picture. Improvements include new kitchen appliances throughout, tankless water heaters, extensive plumbing upgrades, a new sewer line and main water line, replacement piping, significant electrical updating, new exterior stairs, newer windows, soundproofing improvements, bathroom tile upgrades, a newer asphalt-shingle roof at the main residence, and a rebuilt chimney. There are also three separate gas meters and three separate electrical meters, making life considerably easier for an income-producing property. Outside, I'm where things get especially good. A small, cozy front yard and deck welcome you in, while terraced back gardens create multiple outdoor spaces for relaxing, entertaining or pretending you've finally mastered gardening. From various points around the property, you'll catch views across the city and surrounding hills. And then there's Silver Lake. I'm close to the neighborhood's restaurants, cafes, shops, creative energy, outdoor recreation and the Silver Lake Reservoir area near enough to enjoy the action while still feeling tucked away when you come home. For an investor, I arrive with another attractive feature: all residences are currently leased to excellent tenants, who are paying their individual utilities other than owner-paid water and landscaping. Historically, vacancies have been rare and the residences have rented quickly when available. No cash for keys conversations have been had with the tenants, FYI. All in all, I'm a unique opportunity to own a character-rich, multi-residence Silver Lake compound offering income, flexibility and substantial recent improvements, all wrapped in classic 1930s Los Angeles charm. I'm being priced competitively with multiple offers in mind, and first showings will take place at the open houses. Opportunities like me tend not to sit around admiring their own city views, so don't assume I'll last long. Come see me in person, attend the upcoming Open House, or contact the listing team for additional information. I clean up pretty well.

Well situated on one of the most desirable streets in WeHo's Tri-West enclave, this magnificent four-unit townhouse-style income property sits on an expansive 6,646 sq. ft. WDR2-zoned lot and features a rare configuration of four side-by-side, two-story Spanish style townhomes totaling approximately 4,926 sq. ft. across two buildings. Originally built in 1926 and meticulously maintained with extensive renovations. Front unit residence offers open living space, 2 bedrooms and 1.5 baths and additional den or office downstairs and with serene front garden and private patio. An enchanted pathway that leads to 2nd unit which consists of 3 Bedrooms & 2 Bathrooms with a private patio with recent upgraded finishes. 3rd unit is completely remodeled 3 Bedroom & 2 Bathroom unit with private patio. Back unit is a 2 Bedroom & 1.5 Bathroom unit with additional downstairs den or office and private patio. All units behind security gates and mature hedges, the timeless architecture evokes the energy of LA's Chateau Marmont, blending privacy, elegance, and immediate access to the vibrant heart of West Hollywood. Each unit is equipped with updated kitchens and baths, hardwood or custom flooring, double-pane windows, recessed lighting, central heating and air conditioning, and in-unit washers and dryers. Pride of ownership and attention to detail are evident throughout, making this an exceptional opportunity for an owner/user or 1031 exchange, ideally located midblock just north of Melrose Avenue near Urth Caffe on Westmount Drive, the Pacific Design Center, and West Hollywood's world-famous shopping, design, entertainment, and dining. Current owner has started the TIC process with City of West Hollywood to sell each unit individually.

Classic Victorian Charm Meets Investment Opportunity in Downtown Vallejo. Investors, take note! This well-positioned Victorian-style fourplex offers an attractive opportunity to own a multi-unit property in a revitalizing area of Downtown Vallejo. The property consists of a versatile mix of one 3-bedroom unit, one 2-bedroom unit, and two 1-bedroom units, providing a diverse unit mix designed to appeal to a broad range of tenants. Adding to the property's investment appeal, each unit is separately metered and designated parking space with room for guest parking, providing a practical advantage for ownership and tenant management. Current ownership has demonstrated a commitment to maintaining and improving the property, with numerous interior and exterior upgrades made over the years. Significant capital improvements include electrical and copper updates to most of the property in 2005, roof installed in July 2020, repaired siding in select areas, and fresh exterior paint completed in 2025, giving the property a clean, refreshed appearance. The location is equally compelling. Situated near Downtown Vallejo's retailers, restaurants, entertainment, and waterfront ferry service, residents have convenient access to the amenities and transportation options that make urban living attractive. The property is also positioned within reach of major transportation routes connecting Vallejo to surrounding Bay Area communities. Four units. Updated where it matters. Downtown location. Classic Vallejo character. A compelling opportunity for investors looking for a multi-family property with both functionality and future potential.

Rare oceanfront duplex perfectly positioned on the sand in South Mission Beach. The upper unit offers 3 bedrooms/2 baths and the lower unit features 2 bedrooms/1 bath. Ideal for a second home, multigenerational living or income potential. The spectacular rooftop deck is a showstopper with panoramic views from Ocean Beach to La Jolla, including sailboats, the jetty, the iconic Ocean Beach Pier & miles of breathtaking coastline. A rare two-car garage provides space for beach cruisers, surfboards, paddleboards and everything that comes with life on the sand. Wake up to the sound of the waves, stroll the boardwalk with your morning coffee, spend long days on the beach and end each evening with unforgettable sunsets. This property embodies the quintessential Mission Beach lifestyle. Timeless. Relaxed. Effortless. This is what Mission Beach feels like!