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INCREDIBLY HIGH CAP RATE [4.75%] IN WEST LOS ANGELES!!! NON RENT CONTROLLED, NEW CONSTRUCTION [EXCLUDING FRAMING & FOUNDATION]! TROPHY 6 UNIT! THE DEVELOPER HAS A FANATICAL EYE FOR DETAIL FROM 35+ YEARS EXPERIENCE DESIGNING APTS, AND HAS SPARED NO EXPENSE. THE ENTIRE PROPERTY HAS JUST BEEN EXTENSIVELY REMODELED WITH A CUTTING EDGE MODERN AESTHETIC, DESERT LANDSCAPING, AND STUNNING LED LIGHTING. IT IS A MUST SEE IN THE EVENING. ***TENANTS PAY FOR ALL UTILITIES INCLUDING WATER, TRASH, ELECTRIC, AND GAS! ALL UNITS HAVE INDIVIDUAL METERS.*** ALL 6 UNITS HAVE NEW CENTRAL AIR AND HEAT WITH NEST THERMOSTATS, NEW COPPER PIPING, NEW ELECTRIC WIRING AND PANELS, NEW ROOF, NEW WINDOWS, INDIVIDUAL TANKLES HOT WATER HEATERS, ENGINEERED HARDWOOD FLOORS, QUARTZ COUNTER-TOPS, NEW SHAKER CABINETS, ENERGY EFFICIENT STAINLESS STEEL APPLIANCES, COMBO WASHER DRYERS IN ALL UNITS, BLUETOOTH SPEAKERS IN RESTROOMS, 60 INCH LED TELEVISIONS IN ALL UNITS, CUSTOM CLOSETS, CONTROLLED ENTRY WITH MOTORIZED DRIVEWAY GATE.
Please bring your highest and best offers! Developer is anxious to put property in escrow so that we can close upon receipt of CofO. Final inspections ready, CofO to received mid-June. We are proud to announce the premarket offering of a new construction luxury fourplex on the 4000 block of Rosewood Avenue, Los Angeles 90004. Property will be delivered vacant and is not subject to rent control. This fourplex boasts two 3b/2b units, one 4b/2b and a 2b/2b unit. They are finished with high quality materials, private laundry rooms, and separate meters for water, gas and electricity. There is a fifth electric and water meter for owner's common areas, which include exterior lighting and drought tolerant landscaping. All units include stainless Samsung steel kitchen appliances and spacious open floor plans, providing the buyer with a turn-key cash flow property.
This is an opportunity to purchase a non-rent controlled eight-unit apartment complex. The property is a two-story, walkup-style building with twelve open and covered parking spaces. The units here are large. Located on Gilmore Street in Van Nuys, this property is centrally located in the San Fernando Valley and has proximity to the court house and other goverment offices. Other highlight in the area includes the Arts District, the Metro bus and light rail as well as tremendous development that is adding employment to this submarket. The property was built in 1980 and not subject to rent control. Some of the unit interiors have been upgraded with tile flooring throughout and granite countertops. Building square footage is approximate and based on recent measurments. Buyer to verify square footage.
- Individual condo units each with its own APN - Three-story townhome style units - All 7 condominium units have three (3) bedrooms and three and a half (3.5) bathrooms - Each bedroom has its own bathroom - Top floor master bedroom and bath with vaulted ceilings - Master bedrooms with large balconies - Laminate flooring and granite countertops - 1,726 average SqFt per unit - 12,084 total SqFt - Units built in 2011 - Centric part of Los Angeles - Walking distance from Wilshire Blvd and the Metro
24u and Adjacent 4 Units Seller wants to see all offers. Locating an upleg for 1031 has sparked motivation to sell. Upgraded 24 Unit Multifamily Asset Built in 1956 " Unit Floor Plans Consisting of 1 Bedroom, Studio and Efficiency Units " Numerous Interior & Exterior Upgrades to the Property " 7 Units with New Laminate & Tile Flooring, Granite Countertops, New Kitchen Cabinets, New Fixtures " New Copper Plumbing Throughout Installed in 2013 " New Dual-Paned, Vinyl Windows, New Exterior Stucco & Window Accent Trim " New Stacked Stone on the Building & New Gates with Stacked Stone Columns and Iron Fencing " Tremendous Rental Upside Potential of Over 18% " Smaller Unit Sizes Equal a Lower Number of Tenants and Thus More Efficient Operating Expenses " 2 Separate Buildings on One Parcel " 18 Gated Parking Spaces " 16 Units are Master Metered for Gas & Electricity Allows for 5% Total Annual Rent Increases " 2 Laundry Rooms On-Site that Generate Additional Income for the Property
Fourplex including a free standing 2+1 cottage and three 1+1 all on a corner 7930sf lot zoned LACM. Low density bonus offers opportunity to develop 13 units.
-PRICE: $12,500,000 -LOT SIZE: 9,398 Square Feet -ZONING: [Q] R3-1-0 -NO. OF FLOORS: Two (2) Floors -YEAR BUILT: 1948 -PARCEL NUMBER/APN: 4360-001-015, 016, 017, 018, 188
This 3,427 square foot property sits on a 5,947 square foot lot and consist of 4 one-bedroom/one-bathroom units and 1 two-bedroom/one-bathroom unit. All units except for unit #1 have a washer and dryer inside the units. All units have been upgraded with hardwood floors. The new roof was put in place in 2003 and the building has been newly painted with new windows put in place.
The Mark Rafeh Group is pleased to present 807-813 N. Harvard Blvd. The property is located on a charming street near Melrose Hill and Silver Lake. There are 5 units on two separate parcels that are next to each other, a triplex on 807-809 N. Harvard and a Duplex on 811-813 N. Harvard. The total lot size is 14,556 sq ft and is zoned RD1.5. The seller has submitted for a tentative tract map approval for 9 SFR' s and has all reports and plans available. There is currently one vacant unit and the remaining tenants have signed agreements to vacate. The seller will pay the tenant relocation expenses prior to the close of escrow. This allows the buyer to consider multiple execution options. The site could also potentially be developed as an apartment project (buyer to do their own investigation).
The property at 4001 Palmyra Road is comprised of 8,106 SF of land with a building size of 7,396 SF. The property features a unit mix of three 2Bedrooms/1Bath unit and seven 1Bedroom/1Bath units averaging over 740 SF each. The building enjoys incredibly low expenses by being individually metered for gas and electric. There is ample parking with street parking at the front of the building, along with secure car port parking spaces located at the rear of the property. This property offers an astute investor strong immediate cash flow. With over 15% rental upside, as one can easily achieve market cash on cash returns over 7%.