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Los Angeles County Multi-Family Properties for Sale

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Newest Los Angeles County Multi-Family Homes for Sale

$399,900
3 Beds 2 Baths 26986433 MLS Active Status
Two detached homes on one lot in the heart of Lancaster - an excellent opportunity for an investor, owner-occupant, or multi-generational buyer. Unlike a conventional side-by-side duplex, the two detached residences provide separation, privacy, and the feel of two individual homes. The front residence features 2 bedrooms, 1 bathroom, a bonus room, spacious living and dining areas, fireplace, indoor laundry, and a functional kitchen with stainless steel appliances. The rear residence offers 3 bedrooms and 1 bathroom, creating a versatile two-home configuration with separate living spaces and outdoor areas.Stable rental income is currently in place, offering an attractive combination of existing cash flow and future flexibility. Seller may consider delivering one residence vacant depending on offer price and terms, providing a potential opportunity for a buyer to occupy one home while receiving rental income from the other.Situated on an approximately 8,857 SF lot with approximately 1,806 SF of combined recorded living area, the property features two detached residences, fenced outdoor spaces, mature improvements, and convenient on-site parking. The detached configuration provides privacy that is difficult to find in a traditional duplex and creates multiple possibilities for long-term ownership.Ideal for house hacking, extended family living, or a long-term rental investment. Conveniently located near Downtown Lancaster, shopping, transportation, schools, and neighborhood amenities. A compelling opportunity to acquire two separate residences on one parcel at an attractive price point. Buyer to independently verify square footage, bedroom count, permits, zoning, rental information, financing eligibility, and all property characteristics.

44619 Beech Avenue, Lancaster

$3,500,000
19 Beds 18 Baths 26986935 MLS Active Status
We are pleased to present 228 S. Mariposa Avenue, an 18-unitmultifamily investment opportunity situated in the highly walkable Koreatown neighborhood of Los Angeles. Originally constructed in 1956, the property comprises approximately 14,257 square feet of building area on a substantial 15,000 square foot lot. The property offers an attractive and highly rentable unit mix consisting of three (3) (two-bedroom + one bathroom) units, thirteen (13) (one bedroom + one bathroom) units, and two (2) (studio) units. One of the studio units, Unit #18, is a permitted attached accessory dwelling unit completed in 2024. Many of the apartment interiors have been beautifully remodeled with a combination of contemporary finishes and spacious, functional floor plans. Select renovated units feature updated kitchens with modern cabinetry, upgraded countertops, tile backsplashes, stainless steel appliances, contemporary flooring, recessed lighting, ceiling fans, and refreshed bathrooms. Large windows provide abundant natural light, while separate dining areas, generous living spaces, and ample storage further enhance the units' appeal. Ownership has also completed a series of capital improvements throughout the property. Notable upgrades include extensive Type L copper plumbing upgrades completed over multiple years, window improvements, an upgraded electrical panel, a newer water heater, partial sewer line improvements, retrofit work, exterior painting, asphalt improvements, updated laundry equipment, roofing improvements, and a new gas valve. These improvements, together with the renovated interiors and permitted ADU, provide a strong physical foundation for continued ownership and future operations. The property offers approximately 14 parking spaces, including 12 covered spaces in the rear carport area and one tandem space along the north side of the property. The size and configuration of the rear portion of the lot may also provide an investor with the opportunity to explore the development of additional accessory dwelling units, potentially above the existing carports (Buyer to Verify).

228 S Mariposa Avenue, Los Angeles

$5,195,000
18 Beds 18 Baths 26986945 MLS Active Status
2nd Price Reduction! Fully renovated 18-unit apartment building delivering an attractive 8% Cap Rate from day one. This offering provides investors with the opportunity to acquire a turnkey, premium asset with strong in-place income. 16 fully renovated units from the studs in 2023 with permits, along with 2 brand-new detached ADUs (Not subject to RSO) constructed in 2024. The unit mix includes eighteen (18) spacious and well-designed one-bedroom, one-bathroom apartments totaling approximately 8,677 square feet of improvements on a 7,700 square foot LAR3-zoned lot. The property is separately metered for gas and electricity to further minimize the operating expenses. Ownership has completed a comprehensive, permitted renovation, including a new roof, upgraded plumbing and electrical systems, new panel and wiring, updated HVAC systems, and new windows throughout. Interiors feature new wood flooring, modern lighting, and fully upgraded kitchens and bathrooms with new cabinetry, countertops, vanities, and fixtures. The property offers strong curb appeal with fresh exterior paint and professional landscaping, creating an inviting tenant experience. Located in the highly desirable Koreatown and Wilshire Center submarkets, the asset benefits from close proximity to Larchmont Village, Hollywood, and Downtown Los Angeles, as well as excellent walkability to dining, entertainment, and cultural amenities. With its prime location and strong income profile, 4203 Council Street represents an ideal investment for buyers seeking immediate cash flow and long-term appreciation.

4203 Council Street, Los Angeles

$998,000
6 Beds 3 Baths 26986835 MLS Active Status
An excellent investment or house-hacking opportunity in LA's hottest neighborhood, Highland Park. Located just moments from the prime intersection of York and Figueroa and the Arroyo, this character 1940's triplex consists of three attached, well-proportioned 2-bedroom, 1-bathroom units, totaling 2,454 square feet of interior living space, plus a separate 3-car garage with two laundry closets. The property is situated on an expansive 7,527-square-foot professionally landscaped corner lot, providing an unusual amount of privacy and space for a dense urban submarket. Each individual unit features a comfortable living room, dining area, original hardwood floors, sizeable bedrooms, a dedicated private outdoor space (one unit has a lawn), and its own garage. Gas and electricity are separately metered for each unit. Positioned for strong rental demand, residents enjoy immediate proximity to the neighborhood's trendiest boutique shopping, dining, and entertainment, along with effortless commuting via the nearby Metro A Line (formerly Gold Line) station and the 110 freeway. Perfect for an owner-user looking to utilize residential financing while letting tenant income offset the mortgage, or for a seasoned investor looking to capture strong market rents and build equity in one of Northeast Los Angeles' most competitive zip codes. All tenants are month-to-month (all units are tenant-occupied), with strong upside potential in rents. Check with your contractor about the possibility of adding an ADU or other potential development. Roofs were recently replaced. Monthly rents total 6,532.00.

6720 Ferrara Street, Los Angeles

$849,000
6 Beds 2 Baths 26965623 MLS Active Status
Built in 1924, this Spanish-style duplex in the hills of City Terrace offers two spacious side-by-side 3 bed, 1 bath residences with approximately 2,550 square feet of combined living space on a 4,800-square-foot lot. Blending original character with thoughtful updates, the property presents a versatile opportunity for an owner-user or investor, with one unit currently occupied at $3,076.61/month and the second to be delivered vacant, providing the flexibility to move in or establish a new market rent. Both residences feature similar, well-proportioned layouts with spacious living areas, interior laundry, and remodeled kitchens with granite countertops and stainless-steel appliances. Large windows bring in abundant natural light, while the elevated hillside setting captures neighborhood and Downtown LA views. Both the vacant residence and full exterior have been freshly repainted, complemented by updated landscaping around the property. Significant foundation work has also recently been completed, adding to the property's strong long-term value. At the rear, a private backyard creates valuable outdoor space for dining, entertaining, or relaxing. A detached 2-car garage plus 2 driveway spots offer convenient resident parking, while an additional basement/storage space adds functionality. Separate gas and electric meters for each unit further enhance the property's appeal as an income-producing investment. Ideally located in City Terrace with convenient access to Downtown Los Angeles, Cal State LA, the Arts District, major freeways, and public transportation, the property combines two generously sized residences with outdoor space, parking, storage, and city views. With one unit delivered vacant and the other generating immediate rental income, this is a compelling opportunity in a well-connected Eastside location.

3021 Ganahl Street, Los Angeles

$2,495,000
7 Beds 9 Baths 26986743 MLS Active Status
We are pleased to present 332 Culver Blvd & 363 Pershing, a rare coastal income property highlighted by an extraordinary 2,000+ SF two-bedroom, three-and-one-half-bath two-story residence, ideally located in the heart of Playa del Rey. A private rooftop deck with sweeping views further distinguishes the residence, providing a unique outdoor setting for entertaining and relaxation. Offering the space and privacy typically associated with a single-family home, the oversized residence creates a compelling opportunity for an owner-user to enjoy an exceptional coastal lifestyle while benefiting from substantial rental income generated by the balance of the property. In addition to the residence, the property includes four additional legal units consisting of one two-bedroom one and half bath and three one-bedroom one and half bath residences, along with a separately leased non-conforming unit providing supplemental income. The residences offer well-designed floor plans and tasteful updates, with select units featuring private balconies. The property also benefits from separately metered electricity, on-site laundry, secured on-grade parking, and portions of updated plumbing. Located just minutes from the beach, Playa del Rey Lagoon, and the neighborhood's expansive natural open space, the property offers a distinctly residential coastal setting with convenient access to Marina del Rey, Silicon Beach, LAX, and the broader Westside.332 Culver Blvd & 363 Pershing offers a combination rarely available in the Los Angeles multifamily market: a substantial owner's residence, multiple income-producing units, and an irreplaceable coastal location. For an owner-user seeking the benefits of both a private residence and an investment property, this is a truly distinctive opportunity.

363 Pershing Drive, Los Angeles

$4,200,000
PW26197968 MLS Active Status
This family-owned and operated multifamily property presents an attractive long-term ownership opportunity, having been held by the same ownership group for the past 37 years. Located in a desirable pocket of Palms, the property offers new ownership a strong value-add opportunity, with approximately 51% remaining rental upside that can be captured through interior renovations and the repositioning of existing units. The property benefits from a highly desirable location providing residents with convenient access to employment centers, retail, dining, and entertainment throughout Palms, Culver City, Mar Vista, and surrounding Westside markets. The property’s location and strong rental demand provide a solid foundation for both immediate income growth and long-term appreciation. New ownership may also have the potential to convert existing carports into attached Accessory Dwelling Units (ADUs) under California’s favorable ADU regulations, providing an additional avenue for future value creation. Buyer to independently verify the feasibility, permitting requirements, and applicability of any ADU conversion. Ideally situated near major transportation corridors, the property is located just minutes from the 10 and 405 Freeways, providing residents with convenient access throughout Los Angeles and to major employment centers across the Westside and greater Los Angeles area. The combination of long-term ownership history, significant rental upside, potential ADU upside, and a highly accessible Palms location makes this an attractive opportunity for investors seeking a well-located value-add multifamily asset.

3750 Midvale Avenue, Los Angeles

$4,800,000
PW26197918 MLS Active Status
This highly desirable six-unit apartment property presents a rare long-term ownership opportunity, being offered for purchase for the first time in 38 years. Located in a sought-after, low-density pocket of Beverly Hills, the property features an attractive unit mix of two 2-bedroom/2-bath units, two 3-bedroom/2-bath units, and two 3-bedroom/2.5-bath townhome-style units. The six units are supported by 10 total parking spaces, providing an exceptional parking ratio and a highly desirable amenity for residents in the Beverly Hills rental market. The property offers new ownership a compelling value-add opportunity, with approximately 39% remaining rental upside that can be captured through interior renovations and the repositioning of below-market units. The combination of large floor plans, townhome-style layouts, ample parking, and a desirable residential setting provides a strong foundation for increasing rental income while enhancing the overall quality and value of the asset. Ideally situated in one of Beverly Hills’ most desirable residential pockets. Residents enjoy convenient access to major employment centers, premier retail, dining, and entertainment throughout Beverly Hills, Century City, Westwood, and surrounding submarkets. The property’s relatively low-density setting further enhances its appeal, offering residents a residential environment with convenient access to some of Los Angeles’ most sought-after amenities and employment hubs. With its first-time availability in 38 years, highly attractive unit mix, exceptional parking ratio, significant rental upside, and irreplaceable Beverly Hills location, the property represents a unique opportunity to acquire a well-positioned multifamily asset with strong long-term ownership potential and multiple avenues for value creation.

329 S Rexford Drive, Beverly Hills

$2,200,000
8 Beds 10 Baths 26986595 MLS Active Status
803 N Detroit Street is a beautiful 10-unit character multifamily property located just east of West Hollywood near the Fairfax District. Built in 1929, the property features a desirable unit mix of (8) 1BR/1BA units and (2) studio units and is currently 100% occupied, providing investors with stable in-place income from day one. The property is offered at an attractive basis of approximately $220,000 per unit, $290 per square foot, a 6.05% cap rate, and a 10.33 GRM. Current rents remain approximately 42% below market, presenting a compelling value-add opportunity for an investor to significantly grow income over time while owning a well-located vintage asset in one of Los Angeles' strongest rental markets. Ownership has completed several meaningful capital improvements in recent years, including the full replacement of the building's rear exterior stairs in 2024 and upgrades to the electrical main panel, breakers and subpanels to a 400-amp Siemens system in 2021, per LADBS records. The property also includes two single-car garages providing additional parking or storage. 803 N Detroit Street is ideally positioned just east of West Hollywood near Plummer Park, the Fairfax District, Pan Pacific Park and The Grove. The property is also minutes from the Sunset Strip and Melrose Avenue, providing residents convenient access to some of Los Angeles' most popular restaurants, nightlife, shopping and entertainment.

803 N Detroit Street, Los Angeles

$4,375,000
5 Beds 7 Baths 26926447 MLS Active Status
This prime Venice Beach property sits just one lot from the sand, mere steps from the surf and the Venice Canals also a short stroll to the internationally renowned boutiques and restaurants of Abbot Kinney Boulevard. The ~4,000-square-foot compound comprises two fully independent luxury townhome-style residences, both enjoying ocean views with the primary home of 3 en suite bedrooms with powder room crowned by a spectacular ~950-square-foot private rooftop deck with sweeping panoramic coastal and city views. The layout excels as a high-yield dual rental, an owner-occupied primary with an income suite or a multigenerational estate. The primary residence is accessed via a private lush yard or directly from the garage entry with a private elevator servicing both its main levels. Bright upper floor features an open-concept great room with warm wood flooring, skylights, private balcony and kitchen with an expansive island. Primary bedroom boasts fireplace, private balcony and walk-in closet. Ground-floor en-suite bedroom with French doors opening to the yard functions perfectly as an executive home office, media room or guest suite. The second residence with 2 en suite bedrooms with powder room is a turn-key luxury residence featuring French doors leading to a balcony and high-end updates. Upper-level living space includes a remodeled kitchen with counter seating, dedicated dining area and an open living room. Each unit has an attached, direct-access 2-car garage providing 4 total enclosed parking spaces, an extraordinary rarity this close to the beach. Fully independent utilities including separate HVAC systems, tankless water heaters, individual laundry facilities, living room fireplaces and separately metered electric and gas. Whether leveraged as a premier personal compound, a trophy investment, or a flexible hybrid of both, this is a rare coastal offering of unmatched scale, design, views, and location!

10 26th Avenue, Los Angeles

$745,000
AR26198268 MLS Active Status
Stunning Newer Construction home ideally situated in a PRIME North Pomona location, with immediate access to Claremont & La Verne! - Perfect for both investment with High Cap Rate or owner occupancy! Impressive curb appeal welcomes you with lush landscaping, a spacious covered front porch, and an attractive residential setting with ample street parking.Step inside to a foyer with high ceilings and a thoughtfully designed open-concept floor plan. The spacious living area flows seamlessly into the dining space and gourmet kitchen, creating the perfect setting for both everyday living and entertaining. Step outside to the large covered balcony and enjoy refreshing breezes and beautiful open neighborhood views. The gourmet kitchen is a true centerpiece, showcasing designer finishes, quartz countertops, a stylish full backsplash, newer appliances, LED recessed lighting, and an oversized center island with generous seating. Modern comforts include dual-pane windows, smart-controlled split-system heating and cooling, solar panels, & EV charging capability for added efficiency and convenience. A highly desirable first-floor bedroom and full bathroom offer excellent flexibility for guests, extended family, or a private home office. An additional powder room provides added convenience. Upstairs, retreat to the spacious primary suite featuring a large walk-in closet and private bathroom with dual-sink vanity and a sleek glass-enclosed walk-in shower. An additional en-suite bedroom offers its own private bathroom with a glass-enclosed tub and shower. A dedicated laundry room and abundant closet space complete the home's functional and comfortable layout. 2705 Erebus Ct offers exceptional convenience with close proximity to shopping centers, grocery stores, fine dining options, top rated schools (Claremont Colleges, Pomona College, Scripps, Harvey Mudd, etc.), parks, entertainment (Claremont Village), and the vibrant communities of Claremont & La Verne. Easy access to the 10, 57, 71, & 210 freeways puts San Gabriel Valley, Downtown Los Angeles, & the rest of Southern California within reach! Modern design, flexible living spaces, energy-efficient features, & an outstanding location come together in this newer construction home. Make it yours today! - Perfect for both investment or owner occupancy!

2705 Erebus Court, Pomona

$3,195,000
17 Beds 21 Baths 26986171 MLS Active Status
Recently Built, Fully Leased Income Property, NO Lease-Up required | Non-RSO | No Rent Control. A rare find for investors who want proven year-over-year cash flow, not construction risk. 6926 Morella Avenue is a recently completed, 100%-leased 5-unit property generating $227,988 in current annual income, already stabilized from day one. Unlike a vacant new-construction building that may still require months of marketing, screening, and lease-up before stabilization, this property is cash-flowing now, with rents already within ~3% of market. Built for Minimal Landlord Involvement: Every unit is separately metered for utilities; tenants pay their own electric, gas, and water. Landlord responsibility is limited to property tax, insurance, and minimal gardening, made even lighter by pavers, concrete hardscape, and drought-tolerant landscaping throughout the nearly 8,000 SF lot. This is about as close to a hands-off operating expense structure as ground-up construction gets. Non-RSO, No Rent Control, SB 8 Exempt. As recently constructed housing, the property falls outside LA's Rent Stabilization Ordinance and carries no affordable-housing covenant restrictions, full rental rate freedom, with none of the entanglements that come with older buildings, covenant-encumbered affordable housing, or RSO-covered buildings. Three detached buildings, including one fully standalone unit, sit on an oversized ~8,000 SF lot with ample on-site parking, a genuine differentiator in an infill submarket where many comparable properties offer little or none. Units are townhouse-style with multiple private balconies and patios throughout. Ideal for 1031 exchange buyers who want documented, in-place income rather than a speculative lease-up; cost segregation buyers drawn to the high depreciable basis of new construction; and professionals and business owners who want a low-touch, low-opex asset in one of the San Fernando Valley's most in-demand rental submarkets, minutes from Universal Studios, Warner Bros., and the NoHo Arts District.

6926 Morella Avenue, North Hollywood

$3,950,000
9 Beds 6 Baths 26986431 MLS Active Status
** PLEASE DO NOT WALK PROPERTY **A rare and fully reimagined 6 unit income property in the heart of Santa Monica's coveted Sunset Park, 1022 Grant Street offers the increasingly difficult-to-find combination of character, extensive renovation and upgrades, private outdoor spaces and impressive market rents. Originally a five-unit property and now enhanced by a newly added 1 bedroom ADU, the property offers 6 residences, many of which feel more like individual homes than apartments. At the heart of the property are 3 highly desirable 2 bedroom bungalow-style residences, each with its own private entrance and with beautifully landscaped front garden spaces and some with patio spaces. Extensively remodeled (with Permits) incorporating a clean, timeless aesthetic, these residences feel like small houses and feature custom cabinetry, Caesarstone countertops, new appliances, wide-plank oak flooring, frameless glass showers with custom tiles and vanity, stacked in-unit washer/dryers and individual HVAC or mini-split systems. Ample double hung windows, mature landscaping and thoughtful separation create exceptionally light, private and inviting residences! Two additional units are positioned above the rear garages, providing separation from the bungalows, while the newly added and oversized 1 bedroom ADU further enhances the property's income and flexibility. 2 private garages are also assigned to the bungalows . Perhaps most compelling, all but one of the residences are leased at impressive market rents, offering the unusual opportunity to acquire a substantially renovated Santa Monica income property without the significant loss-to-lease associated with most Santa Monica and Los Angeles income offerings. Equally compelling for an investor seeking strong, highly desirable rental product or an owner-user looking for a distinctive residence supplemented by meaningful income. Set along a quiet, tree-lined street in one of Sunset Park's most desirable residential pockets, the property is moments from the restaurants, cafes and neighborhood amenities of Ocean Park and minutes from the beach. Beautifully renovated, predominantly market-rent, bungalow-style multifamily properties of this quality are exceedingly difficult to replicate in Santa Monica making 1022 Grant Street a truly rare offering. Call for information and showing.

1022 Grant Street, Santa Monica

$2,500,000
13 Beds 15 Baths 26986369 MLS Active Status
This 9-unit multifamily investment is located immediately adjacent to Culver City in the highly desirable Palms submarket of West Los Angeles. Built in 1969, the property remains largely in original condition, offering new ownership a clear, straightforward value-add strategy. The unit mix includes two studios, two one-bedroom/one-bathroom units, one two-bedroom/one-bathroom unit, three two-bedroom/one-and-one-half-bathroom units, and one three-bedroom/two-bathroom unit. One two-bedroom unit is currently vacant, giving buyers an immediate opportunity to renovate and reset rent to market. Current in-place rents trail underwritten market rents by a meaningful margin, representing embedded upside that can be captured over time through natural tenant turnover and a cohesive renovation program, without disrupting existing occupancy. The asset is being offered free and clear. Location is a core driver of this opportunity. The property sits just steps from Culver City and Sony Pictures Studios, and roughly a seven-minute walk from the Palms Metro E Line Station, offering car-free access to Downtown Culver City, Santa Monica, and Downtown Los Angeles. Residents also benefit from proximity to Apple's expanding Culver City campus, Amazon MGM Studios, and destination developments like Ivy Station, Culver Steps, and The Platform all contributing to strong, durable rental demand from a well-compensated tenant base in one of LA's premier live-work-play submarkets. The immediate Palms submarket continues to see healthy investor demand for well-located value-add product, supported by strong comparable rents for renovated one- and two-bedroom units in the surrounding area.3747 Mentone Avenue offers investors a rare combination of an irreplaceable West LA location, genuine value-add upside, and a straightforward path to stabilized returns an ideal acquisition for buyers seeking long-term appreciation in a supply-constrained submarket.

3747 Mentone Avenue, Los Angeles

$1,700,000
6 Beds 5 Baths 26986111 MLS Active Status
Rare 4-unit apartment building in a prime Los Angeles neighborhood, now offered at $424 per square footsignificantly below current condo and single-family home pricing. Recent market data shows Los Angeles condos trading around $688$723 per square foot and single-family homes near $791 per square foot, making this multifamily opportunity an exceptional value for owner-occupants and investors alike. The property features two 1-bedroom and two 2-bedroom units, ideal for house-hacking or generating rental income while living in one unit. With realistic pricing and strong cash-flow potential, this building presents a financially smarter alternative to purchasing a condo or small single-family home in today's market. Seller confirms the property is approved for an 800-square-foot accessory dwelling unit (ADU) to be constructed over the existing garages. Under California state law and current Los Angeles ADU regulations, detached or garage-top ADUs up to 800 square feet are permitted regardless of lot coverage or floor-area ratio limits, providing significant added value and flexibility. The ADU approval opens multiple strategic options: create a third income stream, accommodate extended family, or enhance overall property valuation. Construction costs for garage-top or detached ADUs in Los Angeles typically range from $225,000 to $350,000 for a 700800 square-foot unit, offering strong return potential in a high-demand rental market. Located in a desirable Los Angeles neighborhood, the property offers convenient access to local amenities including neighborhood shops, restaurants, cafes, and parks. Residents enjoy walkable streets, tree-lined blocks, and proximity to major employment centers, entertainment, and cultural attractions. The area is well-served by public transportation, major freeways, and top-rated schools, making it attractive to a wide range of tenants and future buyers. This is a turnkey investment with immediate income, owner-occupancy potential, and significant upside through ADU development. Whether you're a first-time buyer seeking an affordable entry into Los Angeles real estate, an investor looking to expand your portfolio, or a homeowner seeking to offset your mortgage with rental income, this 4-unit building delivers unmatched versatility and value. Do not miss this opportunity to own a multifamily asset priced well below comparable condos and homes.

1433 S Fairfax Avenue, Los Angeles

$1,400,000
4 Beds 4 Baths 26986297 MLS Active Status
3852 Prospect Avenue presents an exceptional opportunity to acquire a four-unit value-add multifamily property located in one of Culver City's most desirable submarkets. Originally constructed in 1926, this vintage apartment community offers investors a rare combination of oversized floorplans, timeless architectural character, and meaningful embedded rental upside all within a highly walkable, transit-oriented Westside location. The property totals approximately 3,512 gross square feet situated on a generous 7,502-square-foot lot, featuring a unit mix of one spacious one-bedroom, one-bathroom residence and three two-bedroom, one-bathroom units. Each unit offers the added convenience of an in-unit washer and dryer, a highly sought-after amenity that distinguishes the property from competing vintage multifamily product in the submarket.3852 Prospect Avenue remains largely in its original condition, presenting new ownership with a true value-add opportunity to modernize interiors and common areas while preserving the building's 1920s charm. In-place rents currently reflect approximately 20% loss-to-lease, providing substantial organic rental upside in addition to the premiums achievable through a thoughtful renovation program.The property also features a freestanding rear carport with four parking spaces, offering a compelling opportunity to explore an ADU conversion or broader redevelopment strategy, subject to buyer verification and applicable approvals. Combined with the oversized units and generous lot size, the existing configuration provides multiple avenues for enhancing the long-term value of the asset. Beyond its physical attributes, 3852 Prospect Avenue benefits from an exceptional Culver City location surrounded by one of the Westside's most significant concentrations of technology, entertainment, media, and creative employment. Residents enjoy convenient proximity to major employers including Sony Pictures, Amazon Studios, Apple, The Culver Studios, and the Hayden Tract, alongside Culver City's rapidly evolving dining, retail, and lifestyle amenities. The property is located approximately a seven-minute walk from the Palms Metro E Line Station, offering direct connectivity to Downtown Santa Monica, Downtown Los Angeles, and key employment centers throughout the Westside. Culver City has emerged as one of the region's most dynamic rental markets, driven by its central location, expanding employment base, and increasingly vibrant live-work-play environment. High-profile developments such as Ivy Station, Culver Steps, and the Platform, combined with continued corporate expansion throughout the submarket, have introduced thousands of high-paying jobs and reinforced sustained rental demand. Despite this strong demand, the submarket remains undersupplied with high-quality housing an imbalance that continues to support rental strength and long-term rent growth. This offering represents a compelling opportunity for investors seeking to acquire a well-located, character-rich asset with clear paths to value creation through renovation, rent growth, and potential redevelopment upside, in one of the Westside's most sought-after and supply-constrained submarkets.

3852 Prospect Avenue, Culver City

$3,195,000
7 Beds 6 Baths 26872809 MLS Active Status
Tucked behind gates in the hills of prime Echo Park, this exceptional three-unit property offers the feeling of a private residential compound while preserving distinct, separate spaces for each residence. With the front duplex built in 1989 and the detached rear residence recently converted and legalized as an ADU, the entire property is not subject to the City of Los Angeles Rent Stabilization Ordinance. Delivered completely vacant, the offering provides exceptional flexibility for an owner, investor or multigenerational household. A bougainvillea-framed pergola welcomes you to a private outdoor dining area surrounded by mature landscaping and lush potted greenery. The front duplex features two spacious residences with open floor plans, updated kitchens and bathrooms, high-end appliances and in-unit laundry. The lower residence opens to a thoughtfully designed patio with Thermory wood decking, built-in seating, an integrated storage shed and raised vegetable garden. Privately positioned at the rear is the architectural ADU, where polished concrete floors, walls of glass and expansive accordion doors create a seamless indoor-outdoor experience. The main level includes a steam shower and opens to a beautifully landscaped patio with a built-in spa. Upstairs, the loft-style bedroom suite features a soaking tub and private balcony with hillside and downtown skyline views. Automatic gated parking accommodates up to five cars. Expertly improved and meticulously maintained, this turnkey property offers endless possibilities to create a multigenerational compound, occupy one residence while leasing the others, establish a strong long-term rental portfolio or explore furnished rental opportunities. Distinctive, versatile and truly one of a kind, this is an extraordinary Echo Park offering.

1851 Lobdell Place, Los Angeles

$3,200,000
SB26197731 MLS Active Status
We are pleased to present 1211 Magnolia Avenue, a pride-of-ownership, turnkey 16-unit multifamily property located in Long Beach. The property features an efficient all one-bedroom unit mix, five garages, on-site laundry, and additional upside through modest rent growth and potential garage-area ADUs. At the asking price, 1211 Magnolia is offered at approximately $294 per square foot while generating a 6.80% current capitalization rate and a 7.74% pro forma capitalization rate. The investment thesis is straightforward: acquire a well- renovated asset at a discounted basis, capture a near-7% day-one yield, and retain additional upside through rent normalization and potential future ADU development. The property offers investors a true ease-of-management opportunity. Current ownership extensively renovated the building with the intention of holding it for the long term, completing comprehensive upgrades while preserving its original 1930s Spanish-style character. The rehabilitation was executed with that character in mind, including restoration of original oak flooring and installation of mission-style lighting, alongside fully remodeled interiors, replacement windows, upgraded electrical meters, plumbing and HVAC systems. Renovation decisions prioritized quality, durability and longevity. With the renovated units leased at market rents, a new owner benefits from immediate stabilized income without the execution risk, downtime or capital requirements typically associated with a value-add renovation program. Importantly, the pro forma rents can be achieved through annual rent increases alone, with no further capital expenditure required. 1211 Magnolia Avenue is situated in Long Beach’s Willmore neighborhood, just minutes from Downtown Long Beach, its waterfront amenities and the 710 Freeway.

1211 Magnolia Avenue, Long Beach

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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.