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ZIP CODE 90057

$1,650,000
ACTIVE Status
PRICE REDUCED! We are proud to exclusively present for sale a redevelopment opportunity in the Historic Filipinotown area of Echo Park! With 8,287 SF of R4-1 Tier 1 land, and backing up to a 20 foot wide alley, a developer could build 21+/- units by right or 33+/- units by TOC / DB. The property is perfect for redevelopment into a market rate project or preferably a 100% Affordable Housing project utilizing TOC incentives or AB2345 / AB1763 for maximum density potentially beyond the 33 units. Just a 15 minute walk to the Metro Subway Station at MacArthur Park, rest assured that limited (or no) parking would not be a detterent to a project in this area. With easy access to the 101 and 110 freeways, this property is centrally located to benefit from what Downtown, Silver Lake, Echo Park, Hollywood, Koreatown and more have to offer! Designated as Very Walkable, Excellent Transit and Bikeable by Walk Score, come build a place your future tenants truly can call home! The property currently features a six unit building on an oversized lot with 9 single car garages. The sellers have begun work on converting the four garages in front into a 2 Bedroom, 2 Bathroom Additional Dwelling Unit (ADU). Long terms tenants; the property will be delivered fully occupied with no relocation agreements. A new owner will need to talk to tenants after close of Escrow. This high-demand area is in the middle of everything that younger professionals are looking for!

220 S Bonnie Brae St, Los Angeles

Courtesy of , Almog Strikowski - CA DRE#

$1,369,000
10 Beds 4 Baths ACTIVE Status
Incredible investment opportunity in trendy Rampart Village (just south of Silver Lake), consisting of two structures: a large, vacant 4 bed, 2 bath front home and rear duplex (currently collecting $4,196 total rents). The light-filled, Victorian-inspired front home sits back and up from the street, behind its own private gate, and features hardwood floors and historic details throughout. An updated kitchen with brand new appliances features a bar opening onto the living room. The rear master bedroom of this main home includes an ensuite bathroom. Outside, you will find a large front yard with mature landscaping and abundant fruit trees. A separate gate and private path leads to the duplex at the back of the property (which is also accessible from the alley at the back of the property). The duplex is composed of an upper 4 bed, 2 bath upstairs unit (rented for $2750) and a lower 2 bed, 1 bath unit (rented for $1446). Adjacent to the lower units sits two, separate, single-car garages opening onto alley (ADU potential - buyer to investigate). This 10 bed, 5 bath property is ideal for the owner-user looking to occupy a large, stand-alone home and collect substantial mortgage-helping rent, or for the investor looking to rent the front house for up to $4000/mo additional rent. The rear alley and RD1.5 zoning also makes this a potential redevelopment opportunity! Both rear tenants are rent-controlled, month-to-month, and are current on rent. This central and vibrant neighborhood borders Silver Lake and Koreatown, and offers one of LA's most convenient locations, just minutes to DTLA, Hollywood, Griffith Park, and multiple freeways. Don't miss out on this incredible opportunity!

234 S Vendome St, Los Angeles

Courtesy of , Brock Harris - CA DRE#

$12,500,000
27 Beds 57 Baths ACTIVE Status
We are pleased to present Nob Hill Towers at 2430 Ocean View Ave Los Angeles, 90057a 7-story, 52-unit, architecturally significant (with Mills Act Potential), classic 1920s building located in the Westlake submarket of Los Angeles just 1 block from MacArthur Park and just over 1 mile to the heart of Downtown Los Angeles. Built in 1929, this unique concrete building is comprised of 2 Small (0+1), 28 (0+1), 13 (1+1), 4 (1+1+den), and 5 (2+2) units that range from approximately 300-2,500 gross square feet. The 52,871 square foot structure is situated on a 13,024 square foot, LAR4-1 zoned lot.The property offers an art deco feel with vintage charm and classic period finishes throughout the lobby, common areas, and units. The building's units feature incredibly spacious layouts with hardwood floors, Neoclassical fireplaces, floor radiator heaters; and most units have sweeping city/mountain views. There are two elevators in the building, onsite laundry (4 washing/6 drying machines), secured garage parking for 20 cars, 8 large storage rooms in a vast basement (3 of which are leased to tenants for additional income), and the building is master metered for electricity, gas, and water. There is a RUBS program in place in which tenants reimburse the landlord monthly for a portion of the utility costs. All tenants have access to the building's unique rooftop patio with views of the city, Santa Monica Mountains, and the Downtown Los Angeles skyline.The property boasts an excellent WalkScore rating of 94 and is one block away from Westlake's MacArthur Parkbilled as Los Angeles' version of New York's Central Park when it was under construction. Today it has become much more than the green grass and lake that comprise it. The park and the 2.72-mile area surrounding it also called Westlake is one of LA's most historic neighborhoods. Victorian homes and apartment complexes characterize the area, but newer developments are going up quickly. You'll find an eclectic mix of bars and restaurants on the east side of the park. Big-box stores will take care of most of your retail needs, while entertainment lovers will appreciate the Crypto Arena and LA Convention Center residing just across the 110 Freeway. The park is the biggest calling card of the neighborhood, and it has become increasingly well-maintained over the last few years. The building is just six blocks (0.6 miles) away from the Metro Red/Purple Line Westlake/MacArthur Park Station and 0.8 miles away from the Metro Red/Purple Line Wilshire/Vermont stationproviding easy access to Downtown, Hollywood, the Westside and surrounding areas. Downtown LA and the 101/110 freeways are all within 1.5 miles of the property, offering residents effortless access to countless shopping, dining, entertainment, and recreation options of revitalized Downtown Los Angeles, Koreatown, Hollywood, Echo Park, and Silverlake.The property also presents a tangible value-add opportunity to legalize and lease two existing, non-conforming units. Unit 606 is fully remodeled and currently being used as an office; however, it has the potential to be transformed into a desirable rental unit, generating approximately an additional $1,950 in monthly rent, or $23,400 per year. Unit 110 is currently being used for building storage and will require renovation prior to being rent-ready. Nob Hill Towers is well positioned for a skilled value-add investor to implement a high-end unit/common area renovation program optimizing market rents, appreciation, and future returns.

2430 Ocean View Ave, Los Angeles

Courtesy of , Matthew R. Kanner - CA DRE#

$1,525,000
ACTIVE UNDER CONTRACT Status
We are pleased to present a development opportunity located at 2741 Beverly Boulevard in the Westlake neighborhood of Los Angeles, proximate to Koreatown, Silver Lake, Echo Park, and Downtown Los Angeles. The property sits on 2 parcels and a total of 9,119 square feet of land that is zoned C2 with a TOC Tier 2 incentives. There is currently a vacant 1,380 square foot commercial structure that was built in 1950 and was most recently occupied by a medical tenant. The structure also recently had some fire damage to the interior. With the current structure being delivered vacant and not having any residential component to it, there will not be any relocation of tenants or any rent control restrictions on the redevelopment. The lot allows up to 22 units by right, 37 units with the density bonus, and potentially up to 46 by designing up for ADU conversions (Buyer to verify with their architect and City). There are no current entitlements or plans for redevelopment, so this is a completely blank slate for any investors that have interest in this high traffic and densely populated neighborhood of Los Angeles. With over 1,953 proposed units in the pipeline to be delivered by 2024 and 875-units currently under construction, the Westlake submarket has been experiencing significant growth and interest from developers. Ideally situated between downtown LA and Echo Park, Westlake has been rapidly gentrifying with hip galleries, Latin eateries and bars springing up throughout the neighborhood.

2741 Beverly Blvd, Los Angeles

Courtesy of , Sevak Keshishian - CA DRE#

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