Refine Search
Sort by
$799,000
6 Beds 3 Baths 26839027 MLS Active Status
Welcome Home to 341 E 71st St, the perfect starter home with income. Exceptional investment opportunity featuring three spacious units, each offering 2 bedrooms and 1 bathroom, ideally situated in the heart of Los Angeles. This income-producing triplex offers strong rental potential with well-sized layouts and excellent upside for both investors and owner-users alike.The property also features a detached garage with potential for ADU conversion (buyer to verify), creating the opportunity for additional rental income and increased property value. Conveniently located near major freeways, public transportation, shopping, dining, schools, and Downtown Los Angeles, this property offers easy access to everything the city has to offer.Whether you're looking to expand your real estate portfolio or live in one unit while generating income from the others, this versatile property presents endless possibilities in a high-demand rental market.

341 E 71st Street, Los Angeles

$1,949,000
8 Beds 4 Baths 24473765 MLS Active Status
Great INVESTMENT opportunity in the historical neighborhood of West Adams! Conveniently nestled in an Opportunity zone with tons of future development potential, this four-unit residential building provides an exceptional investment opportunity. Located on a cul-de-sac lot, the property welcomes residents with mature tropical landscaping, a classic stucco exterior, a long-paved driveway, and a gated entry. Cumulatively totaling approximately 4,970 square feet, each 1,242 square foot unit features 4 units, which consist of (1) 2-bedroom, 1-bath unit and (3) 3-bedroom, 2-bath units. Explore the first floor 3BR/2BA unit to find an openly flowing traditional floor-plan, beautiful faux wood flooring, abundant natural light, a neutral color scheme, a large living room, and an updated open concept kitchen with stainless steel appliances, white cabinetry, quartz countertops, and a breakfast bar. Perfectly sized, the primary bedroom also features a deep closet and an attached en suite, while the two guest bedrooms may be ideal for home offices or flex spaces. In addition, this unit also offers a private large over 900 sqft outdoor space that is great for entertaining guests, A/C wall units, and in-unit laundry. Also downstairs, you will find a two-bedroom and 1bathroom unit, as you step inside you are captivated by the organically flowing floor plan, stylish flooring, neutral tones, large living room, and fully equipped kitchens with ample cabinetry, gas ranges/ovens, and dining areas. Offering the possibility of reconfiguration, this unit may be converted into a three-bedroom/two-bathroom floor plan. Upstairs, you will find (2) 3 bedroom, 2bathroom units with mirror image floor plans that boast an openly flowing traditional floor plan, a neutral color scheme, attractive faux wood flooring, a spacious living room, an eat-in kitchen with stainless steel appliances, and a dining area. Each unit offers a primary bedroom with an en-suite and a dedicated closet, in addition to two extra guest bedrooms. Other features of this building: an on-site laundry room, each unit has 2 designated parking spaces, a large shed, and separate gas and electric meters. With proximity, residents can easily venture to Downtown LA or Santa Monica to enjoy shopping, restaurants, and all the amenities that Los Angeles has to offer! Take advantage of the potential tax benefits of this opportunity zone property and schedule your private showing!

2522 S Dunsmuir Avenue, Los Angeles

$1,895,000
4 Beds 3 Baths 26839951 MLS Active Under Contract Status
Discover the perfect blend of historic charm and creative inspiration in this stunning Mid-Wilshire home. Originally a duplex and thoughtfully converted into a spacious single-family residence, this property radiates true pride of ownership. The home can also be easily converted back into a duplex for the savvy investor, and the property will be delivered fully-vacant. The main level welcomes you with bright, airy living spaces and signature arched walkways, featuring 2 bedrooms and 2 bathrooms. Upstairs, find 2 additional bedrooms and another bathroom. The sun-filled living room is anchored by a picturesque bay window--the perfect place to enjoy a book with your morning coffee. Step outside into a breathtaking multi-level backyard oasis, designed for ultimate relaxation. Located in the coveted Miracle Mile HPOZ, you are a short stroll from LACMA and the La Brea Tar Pits, and minutes from the world-class shopping and dining at The Grove and the Original Farmers Market. There is convenient access to the newly expanded Metro D Line along Wilshire Boulevard, so you can easily explore this vibrant part of Los Angeles.

825 S Stanley Avenue, Los Angeles

$2,299,999
10 Beds 6 Baths 26839887 MLS Active Status
Fully remodeled 4-unit property, offering an excellent blend of modern upgrades and strong rental appeal. This turnkey asset features two spacious 3-bedroom, 2-bath units, along with two well-designed 2 bedroom , 1-bath units ideal for flexible living or added rental income. Each unit has been thoughtfully updated with stylish finishes, including stainless steel appliances, in-unit washer and dryer, abundant natural sunlight, and open-concept floor plans that create a bright and inviting living space. This property is perfect for an owner-user live in one unit while offsetting your mortgage with rental income from the others. Additionally, there is ADU potential, offering even more opportunity to maximize value and returns. With high-quality renovations, desirable layouts, and income-generating potential, this is a rare opportunity for both investors and owner-occupants alike.

1129 S Citrus Avenue, Los Angeles

$1,495,000
4 Beds 2 Baths 26839815 MLS Active Status
Stylishly remodeled Spanish duplex in coveted Wilshire Vista location, delivered completely vacant. This gated, two-story property features two nearly identical 2-bedroom, 1-bath units, each thoughtfully upgraded with high-end Boen European white oak hardwood flooring throughout. The upper unit enjoys beautiful city views through large picture windows in both the living room, dining area and kitchen, creating a bright and inviting living space. Beyond the stunning aesthetics, the property has undergone extensive functional upgrades, including a newer roof, updated electrical, EV charger, refreshed landscaping, and more. Additional highlights include a private backyard and a detached garage, offering both convenience and outdoor enjoyment. An exceptional opportunity for owner-users and investors alike. Live in one unit while generating rental income from the other, or lease both units at market rates from day one. In the heart of Mid-Wilshire, the duplex is conveniently located near The Grove, LACMA, Melrose + Fairfax, and all the entertainment, dining and shopping LA has to offer. This is a rare offering you won't want to miss.

1330 Hauser Boulevard, Los Angeles

$2,900,000
BB26115819 MLS Active Status
1726 Menlo Ave is a fully stabilized newly constructed 2024 five-unit multifamily community located in the heart of Pico-Union, just minutes from Downtown Los Angeles, Koreatown, and USC. This NON-RENT-CONTROLLED asset offers investors a rare opportunity to acquire a turn-key property with an attractive REAL 6.37% stabilized cap rate, low operating expenses, and an exceptional price point at under $400/SF — an increasingly rare value for new construction multifamily in central Los Angeles. The property features an ideal unit mix across two modern buildings, consisting of two 4-bedroom/4-bathroom units, two 3-bedroom/3.5-bathroom units, and one 1-bedroom/1-bathroom unit. Each residence includes private entrances, in-unit washers and dryers, separately metered gas, water, and electricity, and luxury finishes throughout, including modern kitchens, designer tile, high ceilings, and oversized windows. The property also offers eight dedicated parking spaces, enhancing long-term tenant appeal. With a Walk Score of 85 and close proximity to LA Live, Crypto.com Arena, the Arts District, and Koreatown’s dining and nightlife. 1726 Menlo Ave is well positioned to attract strong tenant demand from students, young professionals, and creatives alike. As new multifamily construction opportunities continue to tighten under SB-8 restrictions, this property presents an exceptional opportunity for investors seeking stable cash flow, minimal maintenance, and long-term appreciation potential.

1724 Menlo Avenue, Los Angeles

$643,000
DW26115659 MLS Active Status
I proudly present to you 1159 E. 74th Street, a fantastic triplex investment opportunity located in a well established Los Angeles neighborhood. This income producing property consists of three separate 1-bedroom, 1-bath units, offering flexibility for both owner occupants or investors. Live in one unit and generate rental income from the other two, or add this 3-unit property to your growing investment portfolio. The front building features two side by side units, while the third unit is a detached standalone structure in the rear, providing added privacy and appeal the occupant. Conveniently located near major freeways the property offers easy access to the 110, 105, and 710 Freeways, making commuting throughout Los Angeles simple. It is also close in proximity to local shopping centers, restaurants, schools, parks, and public transportation. Nearby amenities include the Diego Rivera Learning Complex, Wisdom Elementary School, Florence-Firestone community services, and shopping along Florence Avenue and Central Avenue. The property is also just minutes from Downtown Los Angeles, USC, Exposition Park, BMO Stadium, and the Los Angeles Memorial Coliseum. With strong rental demand, a central location, and multiple income streams, this is an excellent opportunity for both seasoned investors and buyers looking to offset their mortgage with rental income. Don’t miss your chance!

1159 E 74th Street, Los Angeles

$939,000
CV26114082 MLS Active Status
Excellent investment opportunity in the heart of Los Angeles! This well maintained triplex features three spacious units with two currently occupied providing immediate rental income and one for an owner occupant or market rate tenant. This property offers a versatile layout ideal for investors seeking cash flow or buyers looking to live in one unit while generating income from the others. Situated on a generously sized lot with ample on site parking, this property is in a highly desirable rental market. Conveniently located near the University of Southern California (USC), the LA Coliseum, the California Science Center, BMO Stadium, Exposition Park and Downtown Los Angeles, offering easy access to entertainment, dining, shopping, public transportation and major freeways. The property presents an excellent upside potential with strong rental demand in the area. Whether you are a seasoned investor or first time multifamily buyer, this is an outstanding opportunity to own an income producing property in one of LA's most sough after locations. Don't miss your chance to own this prime multi unit property with income potential and unbeatable proximity to some of Los Angeles' most iconic locations!

862 W 41st Street, Los Angeles

$2,750,000
SR26115301 MLS Active Under Contract Status
Longwood Terrace Apartments is a 14-unit multifamily property located at 1683 S. Longwood Avenue in the Mid-City / Mid-Wilshire adjacent area of Los Angeles. Originally constructed in approximately 1964, the property consists of approximately thirteen two-bedroom / one-bath units and one one-bedroom / one-bath unit, offering a functional unit mix within a centrally located Los Angeles rental market. The property contains approximately 10,501 square feet of building area situated on an approximately 11,325 square foot LARD 1.5-zoned lot. Longwood Terrace Apartments features approximately 27 parking spaces, providing a notable parking ratio for a property of this size within a dense urban setting. The property also includes a laundry facility for resident convenience. The building layout, unit mix, and parking configuration support a practical residential offering within an established Los Angeles neighborhood. The predominance of two-bedroom units provides larger floor plans that may appeal to a broad range of renters seeking additional space in a central location. The property’s scale, lot size, zoning, and residential configuration further contribute to its long-term ownership profile. Located near key Los Angeles business and lifestyle centers, Longwood Terrace Apartments offers proximity to Downtown Los Angeles, Culver City, Koreatown, Beverly Hills, West Hollywood, Century City, Miracle Mile, and the greater Westside. Nearby streets include Pico Boulevard, Olympic Boulevard, La Brea Avenue, Venice Boulevard, and the I-10 Freeway, providing convenient regional connections throughout Central Los Angeles and surrounding areas. The surrounding Mid-City and Picfair Village neighborhoods feature a mix of restaurants, cafes, neighborhood-serving retail, creative office uses, schools, transit options, and local amenities. The area is known for its central location, neighborhood character, and proximity to established commercial districts throughout Los Angeles. Longwood Terrace Apartments is positioned within an established multifamily rental area where centrally located housing remains important to residents seeking proximity to services, neighborhood amenities, and regional destinations. The property combines scale, a desirable unit mix, parking, laundry amenities, and a central Los Angeles location within a mature residential setting.

1683 S Longwood, Los Angeles

$589,000
PW26115233 MLS Active Status
9223 S San Pedro Street presents a versatile mixed-use opportunity in South Los Angeles, offering both residential and commercial components on a single parcel. This property features an approximately 875 square foot, three-bedroom, one-bathroom apartment positioned adjacent to an approximately 900 square foot commercial space, creating strong potential for owner-user occupancy or income investment. The residential unit offers a functional three-bedroom layout with ample natural light and a practical floor plan suitable for a variety of living arrangements. A single-car garage provides secure parking or additional storage, enhancing convenience and overall utility. The ground-floor commercial space spans approximately 900 square feet and is well-suited for retail, office, or service-oriented uses. With direct street frontage along San Pedro Street, the commercial component benefits from visibility and accessibility within a well-established corridor. This mixed-use configuration allows for flexible occupancy strategies, whether for an owner-operator seeking to live on-site while running a business, or an investor looking to generate income from both residential and commercial tenants. Located with convenient access to major thoroughfares and surrounding neighborhoods, 9223 S San Pedro Street offers a compelling opportunity to acquire a multi-functional asset in Los Angeles.

9223 S San Pedro, Los Angeles

$2,250,000
15 Beds 9 Baths 26839471 MLS Active Status
Prime Hollywood Character Asset Below Replacement Cost! Offered at $2,250,000, 1131-33 Lodi Pl represents an incredibly compelling acquisition basis at approximately $250,000 per unit and $247.93 per square foot. Built in 1927, this vintage 9-unit property boasts classic architectural character that stands out from generic inventory, providing an excellent repositioning opportunity to blend historic charm with modern upgrades. The building features a highly desirable rental mix of three 1-bedroom/1-bath units and six large 2-bedroom/1-bath units perfectly aligned with current tenant demand. Situated in a prime, high-demand Hollywood location, the property benefits from immediate proximity to major employment hubs, legendary entertainment destinations, premier retail corridors, and vibrant neighborhood amenities. With rising construction costs and limited local development opportunities, this asset offers investors reduced supply risk and strong, long-term rental growth upside.

1131 Lodi Place, Los Angeles

$2,499,000
OC26095334 MLS Active Status
Newly built near soon to open Lucas Museum. Total of 12bed and 5 Den in 4 unit, a total of approximately 6000 sq. ft. of living space on a 6752 sq. ft. lot, providing a strong combination of rental income and long-term potential. The property features four units. The property also includes a spacious garage. Ideal for investors seeking a reliable, income-producing asset in the Los Angeles market. The property features a long driveway. Primary home buyer great to use one unit and lease others. Location near exposition park, very close to USC and California Science Center, Natural History Museum, LA Memorial Coliseum, Lucas Museum and light-rail access convenient for transit. Local schools: Menlo Avenue Elementary, Manual Arts Senior High, Barack Obama Global Prep, Grocery, quick-service restaurants and basic retail within walking distance.

1041 W Leighton Avenue Unit 4, Los Angeles

$1,250,000
SB26115015 MLS Active Status
Ideal Owner User Opportunity! 2911 S Palm Grove Ae offers a rare opportunity to purchase a triplex in a strong picket of West Adams, with 2 of 3 units unoccupied. The property features a great mix of units, consisting of (1) Vacant 3 bed/1 Bath measuring at 1,100 Square Feet, (1) Vacant 4 bed/3 Bath measuring at 1,950 Square Feet, and (1) occupied 2 Bed/1 Bath measuring at just under 1,000 Square Feet. An owner-user can take advantage of the one of the units by occupying one unit while generating rental income from the remaining units, making the property an attractive opportunity for both investors and owner-occupants. Once fully rented, the property is expected to operate at a 5.85% cap Rate, collecting $8,884 in total scheduled rent, based on market rents. Additionally, the property may offer the potential to construct ADUs (Buyer to Verify), creating further long-term value-add opportunity. The property is conveniently located in West Adams, in close proximity to Culver City, USC, Downtown Los Angeles, and major transportation corridors including the I-10 Freeway and Metro Expo Line.

2911 S Palm Grove Avenue, Los Angeles

$775,000
MB26111570 MLS Active Status
Lincoln Heights fourplex , ONE UNIT DELIVERED VACANT ! Perfect Investment for Primary Occupancy, offset your mortgage with rent from other 3 units. Rare opportunity featuring 4 detached standalone bungalow-style homes on an expansive 9,899 sq ft LARD3-zoned lot in rapidly evolving Northeast Los Angeles. Unlike traditional apartment-style properties, each unit enjoys its own separate structure, creating a more private residential feel perfect for future Owner-Users and tenants alike . The property offers a wide central driveway, excellent unit separation, and strong value-add potential. Potential for new owner to establish Residency in the 2 bedroom unit as well.The property consists of one 2-bedroom unit and three 1-bedroom units totaling approximately 2,394 sq ft of living space. Each home includes its own dedicated two-car parking spaces, a highly sought-after feature in this submarket. Ideal Opportunity for First time Home Buyers seeking to break into this sought-after area by occupying one unit as a primary residence and Investors will appreciate the opportunity to capture future rental upside while benefiting from the charm and functionality of individual detached homes and Centrally located just minutes from Downtown Los Angeles, Chinatown, Little Tokyo, Dodger Stadium, USC Medical Center, and the vibrant dining, nightlife, and cultural hubs throughout Northeast LA, with convenient access to the 5, 10, 101, and 110 freeways.

2229 Hancock Street, Los Angeles

$5,575,000
19 Beds 32 Baths 26839343 MLS Active Status
$325,000 PRICE REDUCTION. UNDER $200,000 PER UNIT IN WEST LA!Offered as part of a rare six-property portfolio available individually or as a package, 2617-2619 S Sepulveda Blvd. presents an exceptional opportunity to acquire a meaningful rental footprint in the heart of West Los Angeles, one of the Westside's most consistently desirable and resilient rental submarkets. Adding to the uniqueness of the offering, each property in the portfolio was originally built by the Seller's family, creating a true generational ownership story seldom seen in the marketplace. 2617-2619 S Sepulveda Blvd. consists of 29 units across two separate buildings on one APN. Originally built in 1974, the property is situated on a 19,850-square-foot, R3-zoned lot. The property features an attractive and highly rentable unit mix comprised of 1 bachelor unit, 12 studio units with full kitchens, 13 one-bedroom/one-bath units, and 3 two-bedroom/two-bath units. With strong in-place fundamentals and significant upside in rents, the property offers investors the ability to immediately control a sizable West LA asset with long-term income growth potential. The improvements offer many features sought by today's renters, including pleasant layouts, a courtyard-style apartment setting, gated on-site parking, on-site laundry facilities, air-conditioning units, and patios or balconies in the units. The residences are filled with natural light, and ownership has already completed the soft-story seismic retrofit, providing a major benefit for a future buyer. From a location standpoint, the offering is exceptionally well positioned in West Los Angeles, with convenient access to Century City, Westwood, Santa Monica, and UCLA, all of which help support deep and diverse tenant demand. UCLA notes that its main campus is in Westwood, and identifies West LA among the common surrounding neighborhoods tied to the university area. The properties also benefit from proximity to some of the Westside's most dynamic lifestyle destinations, including the Sawtelle Japantown corridor, which remains one of West LA's best known dining destinations, as well as the shopping, dining, and entertainment offerings of Westfield Century City and Downtown Santa Monica / Third Street Promenade. For investors seeking scale, rental upside, strong historical ownership, and premier Westside location fundamentals, 2617-2619 S Sepulveda Blvd. represents an outstanding opportunity to establish or expand a presence in one of LosAngeles' most proven multifamily markets.

2617 S Sepulveda Boulevard, Los Angeles

$599,000
3 Beds 2 Baths 26839139 MLS Active Status
Investor opportunity in the heart of El Sereno! Rare chance to acquire two separate homes on one lot, each with its own address, driveway, and garage. The front residence at 5328 Navarro St. features 2 bedrooms and 1 updated bathroom and is currently tenant occupied on a month-to-month lease at $1,400/month. The rear residence at 5326 Navarro St. is also tenant occupied and currently generating $735/month. Both homes are considered fixer properties with strong upside potential for investors, value-add buyers, or those seeking long-term income potential in a rapidly appreciating Northeast Los Angeles neighborhood. Property features separate driveways for each unit, individual garage spaces, additional driveway parking, and a newly installed sewer line completed this year. The front unit bathroom has been updated. Homes will not be delivered vacant. Please do not disturb occupants.Located in the highly sought-after El Sereno community, the property offers convenient access to Downtown Los Angeles, South Pasadena, Alhambra, Highland Park, and Pasadena. Nearby attractions include Ascot Hills Park, Elephant Hill hiking trails, Ernest E. Debs Regional Park, El Sereno Recreation Center, local cafes, shopping, and dining. Conveniently situated near the 10, 710, 110, and 5 freeways, as well as Cal State LA and USC Keck Medical Center. Excellent opportunity to invest in one of Northeast LA's growing hillside neighborhoods.

5328 Navarro Street, Los Angeles

$1,100,000
3 Beds 4 Baths SR26114507 MLS Active Status
Charming triplex with incredible potential, situated on a generously sized lot in a highly desirable location near USC. This unique property presents an outstanding opportunity for both owner-occupants and savvy investors alike. Live in one unit while generating rental income from the others, or maximize returns by leasing all three. Each unit offers its own character and flexibility, making it an ideal canvas for customization, upgrades, or value-add improvements. The expansive lot provides additional possibilities for outdoor enhancements, expansion, or future development (buyer to verify). Conveniently located just minutes from the University of Southern California, this property is especially attractive for student housing, ensuring consistent rental demand. Close to major freeways, public transportation, shopping, dining, and entertainment. Whether you’re looking to create your dream income-producing residence or expand your investment portfolio, this triplex is a rare opportunity with endless upside.

1457 W 25th, Los Angeles

$799,000
4 Beds 2 Baths 26838659 MLS Active Status
This property presents a rare mixed-use investment opportunity featuring 3 units on a single parcel, combining a retail storefront with residential income in a highly desirable East Los Angeles location between the 5 and 60 Freeways. The property consists of a vacant, appx 1,100 SF retail space, a renovated, vacant 2Br+1Ba house of appx. 728 SF, and a 2Br+1Ba apartment that is currently leased at $1,900 per month to a long term tenant. The corner market and the single-family home are currently vacant, offering a new owner the ability to set market rents, reposition the asset, or pursue an ideal owner-user strategy. The store includes a 200 SF walk-in freezer, original shelving, counters, refrigerated cases, small kitchen, storage and bathroom. It presents significant upside potential and flexibility, as this could make a wonderful neighborhood-serving market, or live/work option for a new owner to live in the house and operate their business or creative studio out of the commercial space. The renovated Spanish-style SFR features a charming interior with decorative finishes and a faux fireplace, adding character and warmth that enhances its appeal for either owner occupancy or premium rental potential. The property also includes 4 on-site driveway parking spaces & a detached garage. Positioned in a dense, high-demand rental market with close proximity to major transportation corridors, the asset benefits from strong fundamentals and long-term appreciation potential. Because the property is mixed-use, unfortunately it will not qualify for a FHA or conventional loan.

600 S Ditman Avenue, Los Angeles

$795,000
2 Beds 2 Baths 26838913 MLS Active Status
This income-producing duplex in prime Echo Park features two detached units and presents an exceptional value-add opportunity. The front unit is tenant-occupied, providing immediate and reliable cash flow, while the rear unit has been taken down to the studs and is ready for renovation. Both units share a functional one-bedroom, one-bathroom layout, offering a clear path to maximizing rental income. Once the rear unit is renovated and both units are leased at market value, the property has strong potential to generate positive cash flow. Separate entrances and gated access enhance privacy and appeal, all set in one of Los Angeles' most desirable neighborhoods known for strong rental demand. A rare opportunity to reposition and add value in the heart of Echo Park.

308 E Edgeware Road, Los Angeles

$1,549,000
7 Beds 4 Baths 26838879 MLS Active Status
Prime Mid-City investment opportunity offering strong fundamentals, desirable unit mix, and long-term upside in one of Los Angeles' most centrally located rental markets. This well-maintained fourplex consists of two two-story apartment buildings totaling approximately 3,296 square feet and features three spacious two-bedroom units and one one-bedroom unit, each with the added convenience of in-unit laundry.Designed for efficient ownership, the property offers separate gas and electric meters for each unit, helping streamline management and reduce operating expenses. Six total parking spaces, provide a valuable off-street parking advantage in a high-demand urban neighborhood.Built in 1971, the property benefits from strong rental appeal and a central Mid-City location with convenient access to major corridors, including the 10 Freeway. Recent improvements include a newer roof on the rear structure & newer water heather at units 1,3, & 4, along with interior renovations to Unit #3. With its sought-after location, practical unit mix, parking, in-unit laundry, and operational efficiencies, this Mid-City fourplex presents a compelling opportunity for investors seeking stable income potential, future rent growth, and long-term appreciation. Whether expanding an existing portfolio or pursuing a value-add multifamily asset in a proven Los Angeles submarket, this property is positioned to check all the right boxes.

2037 S Burnside Avenue, Los Angeles

$979,000
8 Beds 6 Baths 26838933 MLS Active Status
15% Price Reduction! The offering consists of a Spanish-style 4-unit building fronting 36th Street paired with a separate 3BR/2BA single-family residence at the rear of the lot. The 1-bedroom apartment units are spacious, averaging over 1,000 SF each, and the two upstairs 1-bedroom units have floor plans that easily convert to two-bedroom units. One upstairs unit is currently vacant and recently underwent extensive renovations (including new flooring, sub flooring, and a renovated kitchen and bathroom), providing immediate ability to lease at market rent without tenant relocation. Located a few blocks from USC and the LA Memorial Coliseum, site of the 2028 Olympic Games, the property offers a compelling student-housing repositioning strategy along with substantial mark-to-market rent upside on the apartment units (currently approximately 40% below market). The 3-space carport at the rear of the lot also presents potential ADU conversion opportunities for additional units and income (buyer to verify). Each unit also has its own dedicated storage space within the carport area, and the units are separately metered for gas and electricity. The upstairs 1 bedroom units also have washer-dryer hookups.

1506 W 36th Street, Los Angeles

$1,750,000
SB26114027 MLS Active Status
2806 Norton Ave is a rare, high-yield 5-unit apartment located in a prime pocket of West Adams, offering strong in-place cash flow supported by highly desirable unit layouts. The property benefits from special financing available at 80% LTV with 30-year interest-only terms, creating an attractive leverage opportunity for investors. The asset delivers a 7.76% going-in cap rate and a 10.86% cash-on-cash return while trading at under $380 per square foot, a compelling basis for the submarket. Four of the five units are large, townhome-style residences, a layout that is extremely desirable to tenants and consistently drives strong rents with lower turnover. The property’s total average monthly rent exceeds $3,000 per unit, highlighting the durability of the in-place income. Additionally, three of the five units are leased under HACLA, providing government-guaranteed rents and long-term income stability. This is a turn-key opportunity to acquire stable cash flow, favorable long-term debt, and well-positioned multifamily housing in one of Los Angeles’ most active neighborhoods.

2806 S Norton Avenue, Los Angeles

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.