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We are pleased to present 2417 W Vernon Ave, a recently renovated 14-unit bungalow court in the highly desirable Leimert Park neighborhood of Los Angeles, offered at an 8.19% cap rate and 7.93 GRM. Built in 1940 and comprehensively renovated, the property pairs upgraded single-story residential units with permitted ADU additions, with Certificates of Occupancy issued in 2024. Leimert Park has become one of LA's most sought-after cultural and residential corridors, giving investors the rare combination of neighborhood momentum and long-term supply constraints, and low-density bungalow court product of this kind can no longer be replicated under current zoning. The result is a turnkey acquisition requiring minimal near-term capital expenditure, with a stable, government-backed income base: 11 of the 14 units are leased under Housing Assistance Payment (HAP) contracts through Section 8, providing consistent, subsidized rental income and reduced vacancy and collection risk. The unit mix includes (12) 1-bed/1-bath units, (1) 2-bed/2-bath ADU, and (1) 3-bed/3-bath ADU, with two 1-bed units delivered vacant for immediate lease-up at market rents. Separately metered for gas and electricity, simplifying management and reducing landlord expenses. Located 0.7 miles from Leimert Park Station on the Metro K Line with convenient access to USC, Exposition Park, Downtown LA, and Culver City. With renovations and ADU additions complete, new ownership can focus directly on maximizing occupancy and income. Buyer to verify all information including square footage, permits, and rent roll.

A rare, well maintained 5 unit multi-family property located near downtown Huntington Beach. Completed May 2026, the property has a new roof on all structures, fumigated for termite and section 1 item clearance, freshly painted exterior, all new Milgard windows and sliders to the front main structure and 4 new single car garage doors installed on the front building. There is one 3 bedroom unit, three 2 bedrooms units and , one studio. There are 4 single car garages to the front of the building and a separate 2 car garage located to the rear of the property. The property is conveniently located just a short distance to downtown, Pacific City, nearby stores, restaurants, and the beautiful beach and Huntington Beach pier. This is a property you won't want to miss.

Exceptional opportunity to acquire a fully renovated five-unit multifamily property with a permitted ADU, extensively remodeled in 2022 and ideally located in one of Burbank’s most desirable neighborhoods. The property consists of three separate buildings featuring four beautifully renovated one-bedroom, one-bathroom units plus a permitted one-bedroom, one-bathroom ADU, creating an attractive, turnkey investment with strong tenant appeal. All units have been renovated and feature HVAC and in-unit washer/dryer hookups, along with dual-pane windows, stylish kitchens with stainless steel appliances, modern laminate flooring, updated bathrooms, and recessed lighting. Recent property improvements include a brand-new 75-gallon water heater, new plumbing valves, a new irrigation system, and refreshed landscaping and lawn. The ADU was constructed in 2022 and features a roof installed in 2023. Additional investment-friendly features include four dedicated parking spaces and four storage spaces, providing added convenience for the tenants. Ideally positioned in the heart of Burbank, the property offers convenient access to Downtown Burbank’s vibrant dining, shopping, and entertainment scene, as well as major employers including Warner Bros. Studios, Walt Disney Studios, and other renowned entertainment companies. Residents also enjoy easy access to the Burbank Metrolink station, the 5 and 134 freeways, Hollywood Burbank Airport, Toluca Lake, parks, schools, and everyday conveniences. Combining five fully renovated units, in-unit laundry, HVAC, extensive recent property improvements, dedicated parking, and charming bungalow-style architecture, 1004 W. Clark Ave presents a rare opportunity to acquire a turnkey, easy-to-manage multifamily asset in one of Southern California’s most sought-after rental markets.

Excellent investment opportunity in a highly desirable Mid-City location. This well-maintained corner property generates approximately $16,300 in gross monthly income and successfully passed the June 2026 Housing Inspection. The property has been extensively updated over the years with remodeled kitchens and bathrooms, quartz countertops, laminate flooring, vinyl windows, A/C units, a roof, security camera system, and many other improvements. Well maintained and easy to manage. Situated on an R3-1 lot in TOC Tier 2, the property offers long-term investment potential. Conveniently located near Hancock Park, Koreatown, DTLA, restaurants, shopping, and public transportation. Fully occupied with stable tenants

First time being sold in 36 years. Long term pride of owner. Located just one block from the sand in the heart of Belmont Heights. Separately metered for gas and electric. 5 private off street parking spaces in back. 3632 E. 1st Street presents a rare opportunity to acquire a trophy five unit apartment building in one of Long Beach's most sought after neighborhoods. Built in 1923, this pride of ownership asset spans approximately 4,771 square feet on a 5,793 Sq. Ft. lot and offers the perfect combination of timeless character, irreplaceable location, and long term investment potential. Positioned moments from Belmont Shore, Alamitos Bay, and the vibrant shops and restaurants along 2nd Street, residents enjoy an exceptional beach lifestyle with walkability to local dining, coffee shops, boutique shopping, and the scenic shoreline. Opportunities to own apartment buildings this close to the beach are exceptionally limited, making this an ideal addition to any investment portfolio or owner occupied user. Whether you're seeking stable income, future rental upside, or a legacy asset in an A+ coastal location, 3632 E. 1st Street checks every box.

1240–1270 Holly Avenue represents a rare opportunity to acquire a well maintained, five unit multifamily asset with meaningful value add and redevelopment potential in Imperial Beach, San Diego’s southernmost coastal community. The property is situated west of Interstate 5 and approximately two miles from the Pacific Ocean, placing it within a rapidly evolving coastal submarket characterized by sustained renter demand, ongoing revitalization, and increasing investor interest. Long term family ownership and consistent upkeep underscore the stability and pride of ownership inherent in this offering. The asset comprises approximately 5,260 rentable square feet across five detached single family style residences, supplemented by a large rear storage structure. The unit mix includes two 2 bedroom/1 bath units of roughly 860 square feet each, two 3 bedroom/1 bath units of approximately 1,008 square feet each, and one 2 bedroom/2 bath unit of approximately 1,524 square feet. All homes are believed to have been constructed circa 1960 and feature both front and rear yards. Four units are equipped with single car garages, while one unit offers a covered carport, providing ample on site parking and enhancing tenant convenience. The generous outdoor areas present opportunities for future enhancements that may support increased rental value. The property has been selectively upgraded over time, including interior and exterior painting, new flooring, entry improvements, plumbing and drain line upgrades, replacement of water valves and fixtures, electrical fixture updates with GFCI outlet enhancements, one roof replacement with tune ups on remaining roofs, refinished kitchen and bath surfaces, newer wall heaters, and updated fencing. Despite these improvements, current rents remain below market, and ownership estimates an approximate 15 percent total income upside achievable through unit turnover and additional interior modernization. INVESTMENT PROFILE: The five-unit property is currently positioned to generate approximately $13,450 per month, or $161,400 annually, based on projected rents of five single detached residential units at approximately $3,300, $2,950, $2,750, $2,300 and $2,150/month. At the $2,600,000 asking price: Gross Annual Income: $161,400. Gross Cap Rate: approximately 6.20% Estimated Net Cap Rate: approximately 4.5%, depending on actual operating expenses and insurance. The property is zoned R 3000, permitting detached and attached dwelling units at a maximum density of 14 units per acre. Based on the site’s approximate 0.67 acre footprint, the maximum permitted density is nine dwelling units, with the potential for additional units through the State Density Bonus Law or Accessory Dwelling Units (ADUs), subject to municipal review. Developers may also consider full redevelopment; new primary dwelling units would require discretionary approval, and detailed proposals may be submitted to the City of Imperial Beach Planning Department once project parameters are defined. Numerous recently completed projects in the immediate vicinity provide strong proof of concept for redevelopment in this corridor. With Imperial Beach experiencing ongoing revitalization, improved infrastructure, and sustained private investment, the property offers both current cash flow and long term appreciation potential. Its proximity to beaches, dining, retail, and major transportation routes further enhances its desirability. This offering is well suited for investors seeking to expand cash flow, build equity, and capitalize on one of coastal San Diego’s most active and evolving multifamily submarkets.

We are pleased to offer for sale 3112 Estara Avenue, a 15-unit apartment community located in the Glassell Park neighborhood of Los Angeles, west of Eagle Rock Boulevard.Built in 1959, the property comprises 12,396 square feet of improvements in a single two-story building on a 12,302-square-foot parcel, with parking and laundry on site. Its unit mix is 10 one-bedroom units and five two-bedroom units. The government-required seismic retrofit has been completed. The property is offered at an attractive basis of $173,333 per unit, with approximately 21% rental upside remaining, capturable through ordinary turnover.With a Walk Score of 82, most errands can be accomplished on foot. Over the past several years Eagle Rock Boulevard and Verdugo Road have become one of the strongest independent restaurant corridors on the Eastside, and the property sits just over half a mile from both. Among the corridor's better-known names are Dunsmoor, listed in the Michelin Guide, and Bub and Grandma's on Eagle Rock Boulevard, with Verdugo Bar, Wife and the Somm and Lemon Poppy Kitchen on Verdugo Road. Beyond the neighborhood, the 2 and 5 Freeways put Downtown Los Angeles, Glendale and Pasadena within commuting distance.3112 Estara Avenue offers investors an opportunity to acquire a value-add asset in Glassell Park, where asking rents remain below the nearby submarkets of Atwater Village, Eagle Rock and Highland Park.PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.

We are pleased to present 1434 15th Street, a 10-unit multifamily asset in Santa Monica's Mid-City neighborhood, one of the Westside's strongest and most consistent rentalmarkets.Built in 1957, the property is comprised entirely of ten 1-bedroom/1-bathroom units at approximately 650 square feet each, a clean, homogenous unit mix that simplifies underwriting,leasing, and ongoing management for the incoming owner. Several units have been extensively renovated with granite countertops, brand new appliances, new flooring, and freshpaint, including two units that are currently vacant and delivered at close of escrow, giving an incoming owner immediate, turnkey units to lease at market rents from day one. Current rents average $2,007 per unit against achievable market rents of $2,500 per unit, representing approximately 25% rental upside as the remaining below-market tenancies turn over, a compelling value-add story reflected in a current cap rate of 5.80% growing to a 7.85% pro forma cap rate. The building's exterior facade has just been freshly repainted, enhancing curb appeal and signaling pride of ownership while reducing near-term deferred maintenance exposure for the next owner. The property is fully parked, offering six spaces in the rear plus additional spaces at the front of the building, along with private garages fronting the street that are currently used for storage and present potential ADU conversion upside (buyer to verify with the City of Santa Monica). On-site laundry machines provide ownership with an ancillary income stream, and new electrical sub panels have been installed in select units, further reducing near-term capital exposure for the next owner. Mid-City is the second most walkable neighborhood in Santa Monica, carrying a Walk Score of 92, and sits a short distance from the Metro E Line at 17th St/SMC, Santa Monica College, and the retail and dining corridor along Wilshire Blvd, with the beach just over a mile away. This combination of transit access, daily amenities, and coastal proximity drives persistent tenant demand and low vacancy throughout the submarket.

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