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Los Angeles Multi-Family Properties for Sale

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Newest Los Angeles Multi-Family Homes for Sale

$4,495,000
18 Beds 18 Baths 23254803 MLS Active Status
Marcus & Millichap is delighted to showcase 5433 Abbott Place, a beautifully maintained bungalow court complex in the vibrant neighborhood of Highland Park. Constructed in 1926 in the classic Spanish Colonial Revival architectural style, the property spans an 18,886-square-foot parcel, which has been extensively renovated yet retains its original charm. Tucked away at the end of a cul-de-sac and surrounded by mostly single-family homes, the property offers a setting that feels both private and communal. The building features an appealing unit mix of 18 one-bedroom, one-bath units, which have been thoughtfully upgraded to create modern and welcoming rental spaces. Some of the interior enhancements include recessed LED lighting, porcelain stone tile baths, stainless steel appliances, custom cabinets, quartz countertops, and hardwood floors. The current ownership has extensively renovated the building, with upgraded electrical (approved 200 Amp service with 19 subpanels permitted in 2006) and upgraded plumbing, new furnaces and wall heaters (all permitted since 2019), and a voluntary seismic retrofit, resulting in a truly turn-key investment. A new owner can immediately benefit from strong existing cash flow, with the potential for approximately 22% in rental upside as units turn over and rents increase. Rental demand for this property is extremely strong. Tenants enjoy living in one of the most dynamic neighborhoods in all of Los Angeles, which continues to gentrify. The property is less than a mile from York Blvd and Figueroa Street, the two main thoroughfares in the submarket, teeming with trendy restaurants, lively bars, cafes, and unique retailers. The Gold Line Metro Station is also within walking distance, allowing residents to commute to major employment hubs in Los Angeles and the San Gabriel Valley without a car. Additionally, the property is just a short drive from the 110 freeway, providing direct access to nearby Pasadena and Downtown Los Angeles.

5433 Abbott Place, Los Angeles

$3,299,000
BB23050039 MLS Active Status
2419 Carmona Ave is an OPPORTUNITY ZONE new construction fourplex in prime Mid-City, walking distance to the Culver City Art District! This highly upgraded, modern fourplex is situated on the best street in Mid-City: Carmona. This ultra-gentrified street has become a magnet for hip, young professionals looking to live in an area with likeminded individuals! With completion of this project estimated to be March/April 2023, now is the time to lock in this incredible OZ opportunity before it gets nabbed! We project a 5.43% cap rate upon completion, much higher than the other new construction inventory on the market nearby! 2419 Carmona is a massively impressive NON RENT-CONTROLLED fourplex made up of two large 4 bedroom (1x 4b/4b, 1x4b/3.5b) tri-level townhomes and two beautifully designed 3 bedroom/3.5 bathroom tri-level townhomes! These premium townhomes feature unbeatable floorplans with extremely large, tenant friendly kitchens and living rooms. You will find noteworthy features including, but not limited to: designer tiles, modern glossy cabinets, waterfall islands, a large rear yard, solar panels, high ceilings, huge walk in closets, balconies off the living space, large windows everywhere you look allowing for maximum light, natural wood water proof vinyl, and more! Considering these units are located on the most sought-after street in Mid-City, we project the rents will be $5,200 for the 4-bedroom units and $4,500 for the 3 bedrooms. That makes for an outstanding 5.43% cap rate! In addition to the high return, buyers will enjoy other perks including: NO RENT CONTROL, 8 parking spaces (3 garage, 5 exterior), tastefully designed drought tolerant landscaping, a 1-year builder’s warranty, brand new EVERYTHING, little to no maintenance, separate meters for gas, water & electric, and extreme desirability amongst renters for years to come. 2419 Carmona is located minutes from Culver City and the countless hotspots in the area, including the trendy Helms Bakery District, the Culver City Steps, Amazon Studios, Ivy Station, and the Cumulus District (Whole Foods).

2419 Carmona Avenue, Los Angeles

$2,400,000
11 Beds 11 Baths 23254631 MLS Active Status
PORTFOLIO SALE the offering is also being sold with 3739 Inglewood Blvd, 4238 Lindblade Dr, 12625 Mitchell Ave, 12806 Matteson Ave & 12811 Matteson Ave - This desirable location is centrally located between Palms, Culver City and Venice. Situated in one of the trendiest neighborhoods in Los Angeles, the offering is within walking distance to an array of shopping, entertainment and dining options. This collection of uniquely and rarely traded assets is being offered for sale for the first time in over 5 decades. The Collection contains an excellent unit mix consisting of five studios , 48 1-bedroom & 15 2-bedroom units, which are very suitable for today's market. The Portfolio is priced attractively at only $250,000 per unit & a 13.7 Gross Rent Multiplier. The properties have all been kept mostly in original condition and have deferred maintenance. All properties require mandatory compliance for earthquake seismic retrofit. Buyers shall assume all responsibility and liability to ensure that compliance will be met with Los Angeles Department of Building and Safety, as the ownership is selling the assets in their "AS-IS WHERE IS" condition. This is a brilliant opportunity for a savvy investor to acquire an ultra-prime west side location with significant value-add potential. The Ownership will consider offers on the entire Collection as a whole portfolio or may elect to sell them individually. Currently 5 units will be delivered vacant at the close of escrow. All units are separately metered for gas & electric. There is ample parking available on site for each property and on-site laundry (washer/dryer) for each building.

12814 Pacific Avenue, Los Angeles

$3,050,000
14 Beds 14 Baths 23254618 MLS Active Status
PORTFOLIO SALE the offering is also being sold with 3739 Inglewood Blvd, 4238 Lindblade Dr, 12625 Mitchell Ave,12811 Matteson Ave & 12814 Pacific Ave- This desirable location is centrally located between Palms, Culver City and Venice. Situated in one of the trendiest neighborhoods in Los Angeles, the offering is within walking distance to an array of shopping, entertainment and dining options. This collection of uniquely and rarely traded assets is being offered for sale for the first time in over 5 decades. The Collection contains an excellent unit mix consisting of five studios , 48 1-bedroom & 15 2-bedroom units, which are very suitable for today's market. The Portfolio is priced attractively at only $250,000 per unit & a 13.7 Gross Rent Multiplier. The properties have all been kept mostly in original condition and have deferred maintenance. All properties require mandatory compliance for earthquake seismic retrofit. Buyers shall assume all responsibility and liability to ensure that compliance will be met with Los Angeles Department of Building and Safety, as the ownership is selling the assets in their "AS-IS WHERE IS" condition. This is a brilliant opportunity for a savvy investor to acquire an ultra-prime west side location with significant value-add potential. The Ownership will consider offers on the entire Collection as a whole portfolio or may elect to sell them individually. Currently 5 units will be delivered vacant at the close of escrow. All units are separately metered for gas & electric. There is ample parking available on site for each property and on-site laundry (washer/dryer) for each building.

Los Angeles

$2,350,000
9 Beds 9 Baths 23254595 MLS Active Status
PORTFOLIO SALE the offering is also being sold with 3739 Inglewood Blvd, 4238 Lindblade Dr, 12806 Matteson Ave,12811 Matteson Ave & 12814 Pacific Ave- This desirable location is centrally located between Palms, Culver City and Venice. Situated in one of the trendiest neighborhoods in Los Angeles, the offering is within walking distance to an array of shopping, entertainment and dining options. This collection of uniquely and rarely traded assets is being offered for sale for the first time in over 5 decades. The Collection contains an excellent unit mix consisting of five studios , 48 1-bedroom & 15 2-bedroom units, which are very suitable for today's market. The Portfolio is priced attractively at only $250,000 per unit & a 13.7 Gross Rent Multiplier. The properties have all been kept mostly in original condition and have deferred maintenance. All properties require mandatory compliance for earthquake seismic retrofit. Buyers shall assume all responsibility and liability to ensure that compliance will be met with Los Angeles Department of Building and Safety, as the ownership is selling the assets in their "AS-IS WHERE IS" condition. This is a brilliant opportunity for a savvy investor to acquire an ultra-prime west side location with significant value-add potential. The Ownership will consider offers on the entire Collection as a whole portfolio or may elect to sell them individually. Currently 5 units will be delivered vacant at the close of escrow. All units are separately metered for gas & electric. There is ample parking available on site for each property and on-site laundry (washer/dryer) for each building.

12625 Mitchell Avenue, Los Angeles

$4,100,000
17 Beds 18 Baths 23254583 MLS Active Status
PORTFOLIO SALE the offering is also being sold with 3739 Inglewood Blvd, 12625 Mitchell Ave, 12806 Matteson Ave,12811 Matteson Ave & 12814 Pacific Ave- This desirable location is centrally located between Palms, Culver City and Venice. Situated in one of the trendiest neighborhoods in Los Angeles, the offering is within walking distance to an array of shopping, entertainment and dining options. This collection of uniquely and rarely traded assets is being offered for sale for the first time in over 5 decades. The Collection contains an excellent unit mix consisting of five studios , 48 1-bedroom & 15 2-bedroom units, which are very suitable for today's market. The Portfolio is priced attractively at only $250,000 per unit & a 13.7 Gross Rent Multiplier. The properties have all been kept mostly in original condition and have deferred maintenance. All properties require mandatory compliance for earthquake seismic retrofit. Buyers shall assume all responsibility and liability to ensure that compliance will be met with Los Angeles Department of Building and Safety, as the ownership is selling the assets in their "AS-IS WHERE IS" condition. This is a brilliant opportunity for a savvy investor to acquire an ultra-prime west side location with significant value-add potential. The Ownership will consider offers on the entire Collection as a whole portfolio or may elect to sell them individually. Currently 5 units will be delivered vacant at the close of escrow. All units are separately metered for gas & electric. There is ample parking available on site for each property and on-site laundry (washer/dryer) for each building.

4238 Lindblade Drive, Los Angeles

$2,700,000
12 Beds 15 Baths 23254569 MLS Active Status
PORTFOLIO SALE**** The offering is being sold along with 4238 Lindblade Dr, 12625 Mitchell Ave, 12806 Matteson Ave,12811 Matteson Ave & 12814 Pacific Ave- This desirable location is centrally located between Palms, Culver City and Venice. Situated in one of the trendiest neighborhoods in Los Angeles, the offering is within walking distance to an array of shopping, entertainment and dining options. This collection of uniquely and rarely traded assets is being offered for sale for the first time in over 5 decades. The Collection contains an excellent unit mix consisting of five studios , 48 1-bedroom & 15 2-bedroom units, which are very suitable for today's market. The Portfolio is priced attractively at only $250,000 per unit & a 13.7 Gross Rent Multiplier. The properties have all been kept mostly in original condition and have deferred maintenance. All properties require mandatory compliance for earthquake seismic retrofit. Buyers shall assume all responsibility and liability to ensure that compliance will be met with Los Angeles Department of Building and Safety, as the ownership is selling the assets in their "AS-IS WHERE IS" condition. This is a brilliant opportunity for a savvy investor to acquire an ultra-prime west side location with significant value-add potential. The Ownership will consider offers on the entire Collection as a whole portfolio or may elect to sell them individually. Currently 5 units will be delivered vacant at the close of escrow. All units are separately metered for gas & electric. There is ample parking available on site for each property and on-site laundry (washer/dryer) for each building.

3739 Inglewood Boulevard, Los Angeles

$4,475,000
8 Beds 16 Baths 23253983 MLS Active Status
2516 Kent Street is a sixteen-unit apartment community in Los Angeles. The offering provides investors a unique opportunity to purchase a premium asset with strong income metrics in one of the strongest rental markets in Los Angeles. The location is in the middle of the heavily sought-after Silver Lake and Echo Park sub-markets. Silver Lake and Echo Park attract young and diverse residents that appreciate all the unique experiences, hippest restaurants, and destinations in the immediate area. 2516 Kent Street is a short walk from many happening coffee shops and dining options and a short drive from the City's primary employers in Hollywood and Downtown Los Angeles. It features an attractive unit composition of eight (8) One- Bedroom | One-Bathroom units and eight (8) generously sized Studio Lofts. Fifteen of the sixteen (94%) apartment homes have been dramatically restyled and renovated throughout and include new gleaming wood floors and sleek, designer kitchens featuring new cabinetry, butcher block countertops, and updated appliances. The new baths feature new cutting-edge fixtures and flooring throughout. These updated units have proven to attract and satisfy today's intelligent, urban Silver Lake renter and sustain some of the strongest rents in the market. Additional features throughout the property include 1) Gated/secured entry 2) Stylish bucolic outdoor gathering space featuring BBQ/dining area/seating area 3) Tasteful exterior paint job and color palette 4) Attractive streetscape and landscaping 5) Updated common areas with updated design and doors, lighting, locks, and fixtures, and 7) Rooftop energy efficient air conditioning/heating units. Considering the scope and quality of improvements to the asset, 2516 Kent Street is perfectly poised to continue to capture the area's best residents and strongest rents and exhibit below-market operating expenses well into the future. 2516 Kent Street is located in a residential area, so parking is easy for tenants.

2516 Kent Street, Los Angeles

$1,149,000
6 Beds 4 Baths 23253779 MLS Active Status
TWO ON ONE LOT! Welcome to 5846 8th Ave. in the desirable Hyde Park neighborhood of Los Angeles, where luxury meets functionality in this stunningly remodeled and newly constructed income property. This property offers two individual homes, a single-family home with three bedrooms and two bathrooms, and a brand new Accessory Dwelling Unit (ADU) with three bedrooms and two bathrooms, each with their own unique custom-designed elements.The single-family home features a show-stopping Hunter Green kitchen with gold fixtures, a stunning waterfall countertop with seating for four, and an open floor plan that flows effortlessly into the living and dining areas, making it perfect for entertaining. The bathrooms are elegantly designed with floor-to-ceiling tiles that create a sense of luxury and sophistication.The newly built ADU is equally impressive, featuring customized navy-blue cabinets with gold fixtures and 9-foot ceilings, a rare find in this area. The three spacious and inviting bedrooms provide ample space for relaxation and entertainment. Both units are individually metered for water, gas, and electric, making it an ideal income property for an owner-occupant or investor looking for a high-performing asset. With a monthly income of $7,600 and an estimated annual income of $91,200, this income property is an exceptional investment opportunity that should not be missed. Please note that some images have been virtually staged to help you envision the full potential of this amazing property.

5846 8th Avenue, Los Angeles

$2,349,000
4 Beds 3 Baths 23252027 MLS Active Status
If ever there was a property that screamed "the essence of Echo Park," this one is it. There are so many features to love, when you add them all up it is arguably one of the most desirable properties in Echo Park. Where to begin.... first of all, it is a very unique "2-on-a-lot,' meaning there is so much space and separation between the two dwellings, if you didn't have 'inside knowledge' that they were part of the same property, you would never know. You would think they were two single family residences! That's a big deal if you as owner want to live in one and rent the other. You may never even see your tenant! It's a big deal even if they are both tenant occupied, as the tenants each will enjoy all the same benefits as if they were living in a single family residence. It is also one of the biggest reasons why they each fetch more rent than any units of their respective sizes. Secondly, it sits in a very verdant setting, surrounded by trees and very secluded from other neighboring properties. And it is mere steps to Elysian Park, the second largest park in the city. The unit down the hill has its own good-sized yard and even has a detached structure that serves nicely as a studio or office. When it was put on the market to be rented, there was literally a 'bidding war' that caused it to be rented for a higher amount ($5400/mo) than was even asked for. Also, the unit up the hill is, if anything, even more desirable than the one below, not to mention the fact that it is almost 50% larger. Thus the projected rent on that one is $7000/mo (and that may be low.) But that one is being delivered vacant to make it easy for a new owner who may want to live there. The views in the unit up the hill are some of the best in the city, and they can be enjoyed either from the deck just outside the kitchen upstairs or the deck of the master bedroom downstairs, as well as from the living room. Everything in both units has been thoroughly and tastefully renovated by one of the top restorators on the East Side. All appliances are included. At the bottom unit there is two car parking, and even allows for the possibility of four car tandem parking if the vehicles are not too big. Up top is street parking only, but the street parking is so available and so exclusive to this property, that it's virtually the same as if it were 'on site' parking. The top unit, while being a two bedroom two bath unit, also has a great bonus room in the mezzanine space in between the top and bottom floors which can have any number of uses. And the list goes on and on. But really, it needs to be experienced in person to get the full appreciation of what this property is. So, make an appointment to see it asap.

1968 Avon Street, Los Angeles

$2,495,000
8 Beds 6 Baths 23252921 MLS Active Status
DO NOT MISS THIS INVESTMENT OPPORTUNITY IN ONE OF THE MOST STABLE AND DESIRABLE LOCATIONS OF LOS ANGELES! Fantastic opportunity to own a 6-unit apartment complex with stunning curb appeal in the Miracle Mile Area of Los Angeles. This multifamily building was built in 1947 in the Local Historical District (HPOZ) and boasts lots of character and charm. The lot is approx. 7,791 SF with 6 Parking Spaces (4 garages) and features an excellent unit mix, which includes (2) two-bedroom and (4) one-bedroom units. All units have (new) forced-air heating, copper plumbing, newer windows, separate hot water heaters, and an on-site laundry room, providing additional income. Several units have front and back door entrances. Four of the units in this quaint and charming building have been beautifully updated with new flooring throughout (or refinished original hardwood floors) remodeled kitchens featuring new cabinetry, backsplashes, and stainless steel appliances, including gas range stove, built-in microwaves, and dishwashers. The updated bathrooms have newer tiled floors, retiled separate bathtub and shower areas, and adorable pedestal sinks. Close to renowned landmarks, such as LACMA, the Third Street Shopping District, and The Grove. Close proximity to Beverly Hills and Hancock Park allows for luxury retail and high-end dining options for tenants or owner-users. The property at 1074 S. Cloverdale is the opportunity you've been waiting for to invest in an exceptionally well-maintained asset in a Pride-of-Ownership neighborhood. Don't wait any longer! Bring Offers!

1074 S Cloverdale 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.