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Rare coastal investment property located on West Balboa Boulevard, directly across from the beach and boardwalk in the highly desirable Balboa Peninsula. This classic two-story mixed-use building offers diversified income in one of Southern California’s most sought-after beachfront markets. The upper level features two residential units currently tenant-occupied, providing steady residential income and the flexibility for future owner occupancy or continued rental operations. The ground floor is leased to an established restaurant tenant, delivering consistent commercial cash flow and benefiting from strong foot traffic in this prime coastal corridor. • Prime beachfront location near the Balboa Pier, Fun Zone, shops, and dining • Mixed-use zoning supporting both residential and commercial use • Two income-producing residential units upstairs • Tenant-occupied restaurant space on the ground floor • Potential roof terrace and outdoor space adding lifestyle and value appeal This property presents an exceptional opportunity for investors seeking immediate income from both residential and commercial tenants, while also offering the option for an owner to occupy a residential unit in the future. Positioned in a high-visibility, high-demand coastal market, this asset combines long-term stability with upside potential in a truly premier Newport Beach location.

Possible opportunity zone, central location for easy access to public transportation and freeways. 2 separate buildings , easy to manage, not requiring an onsite manager.

To schedule an Open House or to request more information about this property, call Walla Walla Sotheby's Realty at 7602374092...

The Pacific Apartments is located in one of Southern California’s most charming coastal neighborhoods. The property features breathtaking ocean views and is walking distance to the coast. The building includes 8 units, consisting of two 2 bedroom 1 bath units and six 1 bedroom 1 bath units. The units include an open floorplan and various upgrades throughout. The property is conveniently located near local dining, shops and just a short drive from the beautiful Terranea resort in Rancho Palos Verdes. This pocket of San Pedro is both quaint and cozy, being so close to the water and adjacent to Cabrillo Beach. Just nearby is also the new and improved West Harbor Port of Los Angeles, featuring an amusement park, restaurants, the West Harbor amphitheater and much much more. This is a unique opportunity to invest in a premier coastal location with strong rental demand and long-term upside potential.

Set within the coveted coastal enclave of Corona Highlands, 4300 Shorecrest presents a rare opportunity to own a well positioned triplex in one of Southern California's most desirable seaside communities. Situated on an approximately 5,924 square foot lot, the property comprises three thoughtfully designed residences, each offering approximately 950 square feet of comfortable living space with two bedrooms and one bath, creating an exceptional investment opportunity or a versatile coastal retreat. Residents enjoy covered carport parking, access to the community pool, and one of Corona Highlands' most treasured privileges, exclusive entry to the secluded Shore Cliffs beach, where golden sands, dramatic bluffs, and the rhythm of the Pacific create an extraordinary extension of everyday living. Perfectly positioned moments from the boutiques and acclaimed dining of Corona del Mar Village, the scenic trails and pristine coastline of Crystal Cove State Park, and the world class shopping and entertainment of Fashion Island, the property offers an effortless blend of coastal tranquility and urban convenience. Whether expanding an investment portfolio or securing a premier address along Orange County's coastline, 4300 Shorecrest embodies the enduring appeal of Southern California's coveted coastal lifestyle.

166 North Arnaz Drive is a Spanish-style triplex in Beverly Hills, set behind a gated entry with mature landscaping, offering three separate units plus a detached 3-car garage. The upper unit features 3 bedrooms and 2.5 bathrooms, with vaulted beamed ceilings, a tiled fireplace, original hardwood floors, and vintage-tiled bathrooms. The lower unit offers 2 bedrooms and 2 bathrooms, with a vaulted living room, arched picture window, stone fireplace, and original hardwood floors. A studio ADU with 1 bathroom rounds out the property, featuring tile flooring. All units have in-unit washer/dryer. A great option for investment or multi-generational living in a prime Beverly Hills location. Property will be delivered vacant.

Located in a highly desirable East Los Angeles neighborhood adjacent to Montebello, this well-maintained 12-unit apartment community offers an exceptional investment opportunity with a current 6.19% cap rate, making it an ideal choice for a 1031 exchange buyer. The property has benefited from approximately $320,000 in recent capital improvements, including the implementation of a Ratio Utility Billing System (RUBS) to enhance operating efficiency. The attractive unit mix consists of (FOUR) 2-bedroom/1-bath units and (EIGHT) 1-bedroom/1-bath units, with tenants separately metered for gas and electricity. Additional amenities include pool, garage parking and on-site laundry. Ideally situated east of Garfield Avenue, the property enjoys a highly walkable location just minutes from Whittier Boulevard's restaurants, shopping, and entertainment, while offering convenient access to the 5, 710, and 60 Freeways for an easy commute to Downtown Los Angeles. The property is also subject to the Unincorporated Los Angeles County Rent Stabilization Ordinance, providing investors with a clear regulatory framework.

A rare nine-unit offering in Paramount that combines a genuinely exceptional unit mix, turnkey renovated condition, and legitimate ADU upside — all outside of local rent control. Eight (8) large three-bedroom / two-bath units at approximately 905 SF, plus one (1) one-bedroom / one-bath at 440 SF. Three-bedroom apartments are almost impossible to replicate in today's construction environment, and they drive family tenancy, longer average tenure, lower turnover cost, and rent premiums that one- and two-bedroom product simply cannot command. The property sits on a 17,524 SF lot with 7,800 SF of building area and is 100% occupied at close of escrow. The building has been fully renovated — roofs, windows, and all major systems, along with unit interiors and appliances. A buyer steps into stabilized, day-one cash flow without the deferred-maintenance capital plan that typically accompanies 1962-vintage product. The property is subject only to statewide AB 1482 — not a local rent-control ordinance — preserving annual increases up to the statutory cap and full vacancy decontrol on turnover under Costa-Hawkins. Additional upside comes from the open parking areas which present a strong candidate ADU construction under SB 1211. Offered at $3,100,000 — $344,444 per unit — on $205,494 of in-place NOI, a 6.63% current cap rate going to 6.98% pro forma on turnover to market rents. Nearby 2025–2026 sales in the Bellflower/Paramount submarket traded at 4.64%–5.75% caps and $314,063 per unit, making this an outsized in-place yield for renovated, family-sized product. Paramount is outside the City of Los Angeles and not subject to Measure ULA. Nine on-site parking spaces. Convenient to the 105 and 710 freeways, Downtown LA, LAX, and Long Beach.

ALL UNITS WILL BE DELIVERED VACANT. An excellent investment opportunity of a single family house with 3 units in the back north of Wilshire. This unique beach-style compound is situated on an oversized lot and features a front house plus three additional units. The property features a classic, updated 1914 California bungalow as the front home, offering three bedrooms, two bathrooms, an office, a private backyard, and hardwood floors. It includes in-unit laundry and gated parking for up to four cars, making it ideal for an owner-user. The rear structure contains three one-bedroom, one-bathroom rental units, all of which will be delivered vacant. This provides immediate rental or repositioning potential. Additional amenities include private garages, storage units, and an on-site laundry room for supplemental income. Located in a highly walkable neighborhood just minutes from the beach, dining, and shopping, this property offers significant upside in one of the Westside's most desirable markets.