Price Upon Req.5,604 SF
Property Tours will be held Tuesday October 13th from 12pm-3pm and Tuesday October 20th from 1pm-4pm. Please RSVP with Philip Klaparda at 310-278-4747.MARKETING DESCRIPTIONAuction.com and Dembo Realty are pleased to present the opportunity to acquire 8010-8016 Melrose Ave, a 5,604 SF one-story, two building multi-tenant asset located in Los Angeles, CA. 8010-8012 Melrose Avenue consists of approximately 3,100 square feet and was built in 1946. 8014-8016 Melrose Avenue consists of approximately 2,500 square feet and was built in 1955. Both Properties sit adjacent to each other and are currently 100% occupied. The tenants at the Property are local tenants with staggered lease expirations of December 2015 thru December 2018. Two (2) of the current tenants have lease expirations of December 2015. The Property is located in the West Hollywood Submarket in Los Angeles County. Traffic counts along Melrose Avenue are approximately 21,000 vehicles per day.PROPERTY HIGHLIGHTS 100% Occupied Prime Melrose Ave Location Significant Upside in Rents Strong Demographics Great Investment for an owner who can manage the property and maximize rents while minimizing expenses
BACK ON THE MARKET AFTER BUYER FAILED TO PERFORM - BRING YOUR INVESTORS! Incredible Spanish style triplex on one of the most sought after streets in Silver Lake. Property has been meticulously maintained and has strong rents with even more potential upside in one of the hottest neighborhoods in the country. Front unit is a beautiful split level 2BR/1BA with brick fireplace, large open kitchen and a separate basement bedroom. Former owner's unit is an incredible 2BR/2BA indoor/outdoor living space completely remodeled with gorgeous hardwood floors and spacious interiors with high ceilings. Most importantly, it has a 1000 square foot deck with 180 degree views from the Hollywood Sign to the Silver Lake Reservoir all the way to Century City. A breathtaking view. Bottom unit is 2BR/2BA plus den that's being used as a 3rd bedroom with deck. All units have washer/dryers. Apex is one of the most coveted streets in Silver Lake as it's literally the apex of the area nestled between the restaurants and stores of Silver Lake Blvd and Glendale Blvd. A prize building.
West Adams is one of the oldest neighborhoods in Los Angeles, with most of its buildings erected between 1880 and 1925. It was once the wealthiest district in the city, with its Victorian mansions and sturdy Craftsman bungalows home to Downtown businessmen and professors and academicians at USC. 4214 W Adams is an exquisite example of this nostalgic era. It has a total of six two-bedroom ample units. It Is very well maintained and it has recent upgrades. Information available upon request. The asset presents a good opportunity to bring rents up to market price as time progresses. It is part of the City of Los Angeles Rent Stabilization Ordinance under rent control. Do not miss this opportunity to own a piece of 1920s Americana. Is a strong long-term hold, good protection against inflation and a great tool for capital preservation. It is ideal for the discerning investor as one more jewel in their portfolio.
SPACIOUS 2 BED/2 BATH 888 SF CONDO LOCATED IN PALMS, BETWEEN SANTA MONICA & DOWNTOWN LA, WALKING & ROLLING DISTANCE FROM CULVER CITY AND EXPO LINE. ADJACENT TO CHEVIOT HILLS, NEAR BEACHES, AND COLLEGES. PRIVATE STAIRS TO UPPER FRONT UNIT WITH WINDOWS ON 3 SIDES. FEATURES INCLUDE VAULTED CEILINGS, FIREPLACE, 2 VERANDAS, NEW CARPET, FRESH PAINT, STAINLESS STEEL APPLIANCES, AND OPEN FLOOR PLAN. COMPLEX BOASTS COURTYARD SETTING, INTERCOM, WASHER/DRYERS, AND PRIVATE, SECURE GARAGE PARKING FOR 2 CARS. LEASE THROUGH JUNE 2016 W/WONDERFUL TENANTS @ $ 2,700 P/MO.
Spectacular remodel in Silver Lake with two homes on one lot! Rare offering situated in one of the most popular areas of Los Angeles. The main house (707) has authentic Spanish-styling accentuated by beautiful materials distressed hardwoods, custom cabinetry and granite kitchen with travertine floors. Quaint breakfast nook in kitchen adds loads of character in addition to the coved ceilings in living room with large windows for light and bright living areas. Four bedrooms and two nicely upgraded bathrooms have all new vanities and tile work. The second house (705) is two-story with large indoor and outdoor living areas plus a huge balcony with views of the downtown skyline. First floor has living room, dining area and massive, all new custom kitchen. Upstairs has three bedrooms and a full bathroom. Master bedroom has French doors that lead to a giant balcony. Both houses are equipped with washer/dryer hook ups, a long driveway plus additional parking in back. Take a quick stroll to the local dog park, the reservoir, or Sunset Boulevard with all the hottest restaurants and shops along Sunset Junction.
RE/MAX Beverly Hills is pleased to present: The Bel Air Summit, one of the very rare Luxury Townhouse-styled Apartment complexes in the upscale Bel Air; Consists of 30 well-appointed luxury apartments: 14 Twnhs-2 levels units (2br/2.5ba) and 16 single level apartments (1br/1ba). All tastefully upgraded with Granite kitchen & bathroom counter tops, Central A/C & heat, Dishwasher, Refrigerator, Microwave, W&D, balcony/patio, The complex had undergone extensive (interior/exterior) renovations with nearly $5 Million of upgrades to produce one of LA's Premier Apartment communities, equipped with luxury amenities: Heated pool, BBQ area, Sundeck, guest Parking, secure entry, pet friendly. The BEL AIR SUMMIT is truly a trophy property nested in the upper Bel Air amongst the most exclusive and expensive residences in the Country. It is an ideal property for 1031-Exchange Investors and Equity Portfolio Holders (local/overseas) with strong potential rental upside and equity appreciation.
3contiguous lots totaling 22,500 square feet of LARD2 Zoned land with 9 residential units. Zoned for small lot development (up to 11 units).
The only pride of ownership, Class A Multifamily property in the Los Feliz/ East Hollywood area. This little gem of a property not only looks great but costs next to nothing to maintain. Built in 2006 with no rent control this building is the only building in the area with the fit and finish of a brand new high end property that still offers its tenants the benefits of a quiet street. All the units are huge approx. 1250 Sqft town home style with 2 bedrooms and 2.5 bathrooms. All units come with complete stainless appliance packages with washers and dryers, refrigerators, ranges, over the range microwaves, and dishwashers. The current owners put a ton of capital improvements into this already amazing asset to make it look and feel like a first class condo project. Most units have had all three bathrooms updated to include terrazzo floors, new cabinetry, glass tile showers, under-mount sinks, and quartz counter tops. Units include fans, faux wood flooring, new blinds and new carpet. As result rents are up 15% from acquisition. A RUBS program is in place removing the cost of water. In Place Freddie 10 Year Financing with 3 years of Interest Only! 6.39% Cash on Cash!
Price Upon Req.34,500 SF
59,988 S. F of land with 30,247 S.F building Potential MIX use
Back on Market due to buyer's credit!! CURRENT .6.7% CAP RATE WITH CURRENT MASTER LEASE. CURRENT LEASE EXPIRES IN 4 MOS! OR RUN IT YOURSELF WITH A YEARLY INCOME OF APPROX $124K GROSS WITH A 9% CAP RATE !! NO RENT CONTROL! HUGE PRICE REDUCTION! OWNER VERY MOTIVATED MAKE OFFER! NO RENT CONTROL- ALMOST A NEW BUILDING! NEWLY RENOVATED WITH OVER $400,000 SPENT ON UPDATES! Beautiful Mixed-Use building 6144SQFT with COMMERCIAL/RETAIL (3 spaces), STORAGE/OFC (2 SPACES) and RESIDENTIAL/BOARDING (9 units). New Roof, All New Interior Walls, All New Ceilings, Freshly Painted Exterior and Interior, All New HVAC, All New Electrical, Updated Plumbing, New Flooring. The residential units have an excellent mix of high-demand studio and 1B units. 1ST TIME ON MARKET SINCE 1945**BRING YOUR INVESTORS**MUST SEE MLS# OC15116924