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$1,299,000
7 Beds ⋅ 5 Baths ⋅ 26874837 MLS
Excellent Owner-User or Investment Opportunity! Two separate homes on one gated lot offer flexibility for an owner who wants to live in one and generate rental income from the other, or an investor seeking income from two residences. Each home is separately metered for gas, electric, and water, with tenants responsible for all utilities. The charming front bungalow, built in 1907, features 3 bedrooms, 2 beautifully remodeled baths, a separate office, and an inviting front porch. Hardwood floors add warmth and character, while the dining area features a fireplace and opens to the living room. The kitchen includes granite countertops, vinyl flooring, and a newer stove, refrigerator, washer, and dryer (2024). Wall-unit heating and A/C. The front home is currently vacant, providing an immediate opportunity for an owner-user or new tenant. The rear residence, 6401 1/2, was built in 1991 and is a spacious two-story, Spanish-style 4-bedroom, 3-bath home. Highlights include hardwood floors in the main living area, high ceilings, a fireplace, and a sunny rear patio. The home features central heat and a newer A/C unit (2025). It is currently tenant-occupied on a month-to-month lease. The property offers three off-street parking spaces between the homes: one for the front residence and two for the rear. With two substantial homes, separate utility meters, gated grounds, and immediate occupancy and existing rental income, this is a compelling opportunity for both investors and owner-users seeking to offset their housing costs with rental income. Gross income and GRM calculated on projected income.

6401 N Figueroa Street, Los Angeles

Listing courtesy of Listing Agent: Andrea Gressinger (andrea@gressingergroup.com) from Listing Office: KW Westside Estates.

$3,300,000
AR26191591 MLS
2ND Price Reduction! Renovated 15-unit building (13 Units + 2 Brand New Non-RSO ADUs) cash flowing at a whopping 8% In-place CAP Rate providing over 12% Cash-on-cash return. Major capital improvements completed including new roofs, new electrical, new plumbing, new double pane windows throughout, new exterior paint, new entrance gate, new landscaping, and 10 of the 13 units have been completely upgraded + 2 New ADUs in the back (Not Subject to Rent Control). It offers significant upside to a 9.7% Proforma CAP Rate upon the remaining 3 non-upgraded units turnover. Combine this high return + its newer year built + ease of maintenance, this offering is perfect for a 1031 exchange buyer or an experienced investor looking for high cash flow + easy to maintain assets. The main property was built in 1923 and completely renovated with permits in 2023. The building offers single-story spanish style units with an efficent mix for the area, consisting of ten (10) 1bed+1bath and five (5) Studio units. The property sits on a large 10,554 SF C2 zoned lot and includes RTI plans to convert 2 brand new ADUs into 6 ADUs, adding additional 4 units. It is centrally located in a highly desirable area just minutes away from the home of LAFC our city’s premier professional soccer team, BMO Stadium, USC, Crypto Arena, Home of the Lakers, Clippers, and LA Kings. ) Expo Park and the Metro Green Line. These properties are in a high density and high demand area which provides a consistent flow of renters for future vacancies. The units are individually metered for electricity and gas and tenants pay for trash therefore minimizing the operating expenses.

5928 S Hoover Street, Los Angeles

Listing courtesy of Listing Agent: Handoko Chen (han.chen@growthinvestmentgroup.com) from Listing Office: Growth Investment Group Pasade.

$1,500,000
8 Beds ⋅ 4 Baths ⋅ 26875621 MLS
Located in the heart of Prime Pico-Robertson, this beautifully renovated four-unit property presents a rare opportunity to acquire a designer-upgraded multifamily asset in one of Los Angeles' most desirable and centrally located neighborhoods. The property features four spacious 2-bedroom, 1-bath residences, including three extensively remodeled units, one long-term tenancy, and one unit delivered vacant creating immediate flexibility for an owner-user or investor seeking strong rental potential. The renovated residences showcase a high level of finish with wood flooring, custom cabinetry, quartz countertops, stainless-steel appliances, wine refrigerators, custom bathrooms, newer windows, central HVAC, and custom-built hardwood entry doors. Major building improvements include updated electrical panels, subpanels and wiring, copper plumbing, and individually metered units. Each residence also benefits from its own laundry room and off-street parking. The gated property offers exceptional privacy and functionality with secure street access, perimeter fencing, a remote-controlled driveway gate, three individual garage/storage spaces, and a substantial rear parking area. Ideally situated in the heart of the Westside, residents enjoy convenient access to Beverly Hills, Century City, Culver City, the Miracle Mile, and major Westside employment centers, along with some of Los Angeles' best dining, shopping, entertainment, and neighborhood amenities. With its desirable 2-bedroom unit mix, extensive renovations, vacant-unit opportunity, gated parking, and highly sought-after location, the property appeals to a broad tenant base and is well positioned to benefit from the area's consistently strong rental demand. A rare opportunity to own a turnkey multifamily property in one of Los Angeles' most established and desirable rental markets.

8547 Cashio Street, Los Angeles

Listing courtesy of Listing Agent: Danny Mahelka (Danny@LASold.net) from Listing Office: Coldwell Banker Realty.

$4,199,000
BB26190537 MLS
1330 S Longwood Ave is a massive brand-new 2026 construction luxury 5-unit in prime Miracle Mile / Mid-Wilshire. Already 80% leased at strong market rents, this turnkey asset delivers immediate cash flow with a projected 5.74% cap rate and $306,360 in gross potential annual income. The property features an exceptional unit mix of three spacious 4-bedroom residences and two 3-bedroom residences. The two largest 4-bedroom residences feature private rooftop decks and are projected to achieve $5,995 per month, with 1 already achieving that rent. Each thoughtfully designed unit offers generous living spaces, sleek kitchens and bathrooms, designer finishes, kitchen islands, balconies, central HVAC, in-unit washers and dryers, and abundant natural light. Located on a quiet residential street in the heart of Miracle Mile, Longwood places tenants just minutes from The Grove, LACMA, the Academy Museum, La Brea Tar Pits, Beverly Center, and some of LA’s best shopping, dining, and entertainment. The property also benefits from proximity to major employment centers including Cedars-Sinai Medical Center, Television City, and the broader Mid-Wilshire and Hollywood media corridor, creating strong demand from professionals seeking modern housing in one of LA’s most centrally located neighborhoods. With all utilities separately metered, brand-new systems, 10 on-site parking spaces, and premium low-maintenance construction, 1330 S Longwood offers buyers a rare combination of luxury design, immediate income, and long-term rental strength. Offered at $4,199,000, or approximately $839,800 per unit and $520 per square foot, Longwood represents an exceptional opportunity to acquire a high-quality new construction asset in prime Miracle Mile.

1330 S Longwood Avenue, Los Angeles

Listing courtesy of Listing Agent: Cheyenne Womack (cheyenne@myunits.com) from Listing Office: Myunits.com Inc..

$1,495,000
P1-28667 MLS
Tremendous development opportunity offering current income-producing units. Ideal location in the heart of Northeast Los Angles at the junction of Glassell Park, Eagle Rock, and Highland Park, 1550 El Paso Drive presents a compelling mixed-use asset ideal for the savvy investor. On a large 14,000sqft plus lot, the property features 10 Units with a Mix of (4) 1BD/1BA; (6) 2BD/1BA; on a mixed-use-zoned lot with strong street visibility along one of Northeast Los Angeles' most prominent commercial corridors, surrounded by some of the city's hottest new shopping, dining, and neighborhood destinations.Located just minutes from neighborhood anchors such as Occidental College, the property sits within the vibrant Northeast Los Angeles submarket encompassing Eagle Rock, Highland Park, and Glassell Park. Together, these communities represent a combined population of over 110,000 residents with rising median household incomes, a highly educated workforce, and a strong concentration of young professionals, creatives, and long-term homeowners. The area is known for its thriving retail and dining scenes along Colorado Boulevard, York Boulevard, and Figueroa Street, as well as its proximity to major employment centers in Downtown Los Angeles, Pasadena, and Glendale.With strong neighborhood demographics, walkable lifestyle amenities, and continued growth across Northeast LA, 1550 El Paso Drive offers a rare opportunity to acquire a well-located mixed-use property with stable in-place income and long-term upside in one of Los Angeles' most sought-after urban neighborhoods.

1550 El Paso Drive, Los Angeles

Listing courtesy of Listing Agent: Yennis Wong (yennisw@bhhscal.com) from Listing Office: BHHS California Properties.

$2,250,000
7 Beds ⋅ 5 Baths ⋅ 26933039 MLS
Own a rare piece of Los Angeles architectural history. Designed circa 1937 by renowned architect Arthur W. Hawes, 4447 Finley Avenue embodies the elegance, craftsmanship, and architectural optimism of Hollywood's prewar Streamline Moderne era. Rich in character yet extensively modernized, this turnkey four-unit property offers architectural distinction, low-maintenance ownership, and exceptional long-term investment potential in the heart of Los Feliz. The unit mix consists of one 1-bedroom plus convertible office/1-bath unit, two 2-bedroom/1.5-bath units, and one 2-bedroom/2-bath unit. Each residence features its own washer and dryer, separate water heater, and individual HVAC system, providing convenience and independence for tenants. More than $600,000 in capital improvements have been completed, including new plumbing, new 400-amp electrical service, individual subpanels for each unit, a dedicated house panel servicing recirculating pumps for near-instant hot water, new kitchens and baths, new appliances, updated drywall, crown molding, baseboards, doors, hardware, and upgraded finishes throughout. The interiors were extensively renovated down to the studs and floorboards, with virtually every major component replaced. The front two residences are desirable TOWNHOME-STYLE units featuring hardwood flooring, while the rear units have been professionally soundproofed for enhanced comfort and privacy. The property has also successfully completed its SB-721 balcony inspection requirements. For investors seeking a highly improved, easy-to-manage asset with exceptionally low maintenance requirements and minimal controllable operating expenses, 4447 Finley Avenue presents a rare opportunity. Located just moments from the shops, restaurants, and nightlife of Hillhurst Avenue, Griffith Park, the Greek Theatre, and Los Feliz Village, the property also offers approximately 37% upside potential in current rental income. Additionally, three (3) units participate in the RUBS utility reimbursement program, providing further income enhancement opportunities. EXTREMELY LOW OWNER EXPENSES AND VERY EASE MANAGEMENT. As a side note: "Hawes' portfolio includes the iconic Hollywood Reporter Building, the Crest Theatre in Westwood, and the celebrated Hawes House in West Los Angeles."

4447 Finley Avenue, Los Angeles

Listing courtesy of Listing Agent: Lane Aronson (lanearonson@gmail.com) from Listing Office: Berkshire Hathaway HomeServices California Properties.

$2,200,000
7 Beds ⋅ 12 Baths ⋅ 26919127 MLS
JNM Realty exclusively presents 254 S. Normandie Avenue, a well-maintained 12-unit apartment community featuring an attractive unit mix of five (5) studio units and seven (7) one-bedroom, one-bathroom units. There are fifteen (15) onsite parking spaces including three (3) attached garages, eight (8) tandem spaces, and four (4) detached covered spaces. Soft-story retrofit was completed in 2024. The property offers approximately 33% upside to current rents and more than 115% upside potential among the non-renovated units. The six (6) renovated units feature upgraded electrical including subpanels, copper plumbing, and a full high end renovation of the entire unit. Property upgrades include an upgraded electrical master panel and a new multi-layer elastomeric roof coating. The property has been meticulously maintained throughout the current ownership's tenure of more than 10 years. A detached parking area may also provide additional development potential through constructing accessory dwelling units. Located near the high-traffic intersection of Normandie Avenue and 3rd Street, the property is within walking distance of neighborhood retail, dining, and multiple Metro bus lines. 254 S. Normandie Avenue presents an exceptional opportunity to acquire a well-located multifamily asset with strong in-place fundamentals and meaningful long-term upside.

254 S Normandie Avenue, Los Angeles

Listing courtesy of Listing Agent: Demis Dokhanian (DEMIS@JNMREALTY.COM) from Listing Office: JNM Realty, INC..

$2,225,000
11 Beds ⋅ 10 Baths ⋅ 26925107 MLS
Currently operating as a successful Airbnb with a strong rental history. Seller-provided financials reflect strong cash flow with an estimated CAP RATE of 7.25%! This is a rare newer-construction fourplex, certificate of occupancy was issued in 2023 and thoughtfully designed across two separate buildings in the heart of North Hollywood. Featuring approximately 4,270 square feet of living space on a 5,000 square foot lot, this exceptional investment opportunity offers a desirable unit mix of spacious two- and three-bedroom residences designed to meet today's rental demand. Each unit showcases contemporary finishes, open-concept living spaces, large in-unit washer and dryers, separate utility metering, and private outdoor areas, creating an attractive living experience for both short-term and long-term tenants. The gated property offers eight parking spaces and low-maintenance newer construction, providing investors with a turnkey asset and reduced future capital expenditures. Ideally located just minutes from NoHo West, the NoHo Arts District, Universal Studios, major employment centers, dining, entertainment, and convenient transportation options, the property benefits from strong rental demand and continued neighborhood growth. Whether you're seeking a high-performing income property, a 1031 exchange opportunity, or a long-term hold in one of Los Angeles' most dynamic rental markets, 5853 Vineland Ave delivers the perfect combination of modern construction, prime location, and investment potential.

5853 Vineland Ave, Los Angeles

Courtesy of Equity Union, Brian Wall - CA DRE#02175989

$1,195,000
4 Beds ⋅ 2 Baths ⋅ 26876429 MLS
5742 La Mirada Ave is a charming duplex located in the desirable Hollywood Studio District! Built in 1917, the property offers approximately 2,574 square feet of living space on a 7,500 square foot LAR3-zoned lot. The property is comprised of two (2) one-bed/one bath units. 5742 La Mirada Ave features three (3) parking spaces and is gated for added security. The adjacent property at 5736 La Mirada Ave is also available for sale and may be purchased separately or together, offering a combined lot size of approximately 15,000 SF and the potential to develop up to two (2) additional ADUs on each lot (buyer to verify). Expenses Estimated. 5742 La Mirada Ave is ideally situated near the intersection of Sunset Blvd and N Van Ness Ave, the property benefits from its location within Hollywood's established studio and entertainment district. 5742 La Mirada Ave is surrounded by major employment centers, entertainment studios, post-production houses, retail corridors, and hospitals including Netflix, Sunset Gower Studios, and Sunset Bronson Studios and Hollywood Presbyterian Medical Center. Rated "Very Walkable" with a Walk Score of 83, the property offers convenient access to the shopping, dining, and entertainment options along Santa Monica Blvd, Sunset Blvd. Nearby popular destinations include Osteria La Buca, Ggiata Delicatessen, and Great White. The property is also half a mile away from future Echelon Studios, a 550,000-square-foot mixed-use development featuring new production studios, office space, and retail. Residents further benefit from numerous public transportation options, as well as convenient access to the Metro B Line and the 101 Freeway, providing connectivity throughout Los Angeles.

5742 La Mirada Ave, Los Angeles

Courtesy of Equity Union, Nicole Apostolos - CA DRE#01464936

$1,195,000
3 Beds ⋅ 3 Baths ⋅ 26876367 MLS
5736 La Mirada Ave is a charming triplex located in the desirable Hollywood Studio District! Built in 1951, the property offers approx. 2,375 square feet of living space on a 7,500 square foot LAR3-zoned lot. The property is comprised of three (3) one-bed/one-bath. 5736 La Mirada Ave features five (5) parking spaces in the rear and is gated for added security. The adjacent property at 5742 La Mirada Ave is also available for sale and may be purchased separately or together, offering a combined lot size of approximately 15,000 SF and the potential to develop up to two (2) additional ADUs on each lot (buyer to verify). Expenses estimated. 5736 La Mirada Ave is ideally situated near the intersection of Sunset Blvd and N Van Ness Ave, the property benefits from its location within Hollywood's established studio and entertainment district. 5736 La Mirada Ave is surrounded by major employment centers, entertainment studios, post-production houses, retail corridors, and hospitals including Netflix, Sunset Gower Studios, and Sunset Bronson Studios and Hollywood Presbyterian Medical Center. Rated "Very Walkable" with a Walk Score of 83, the property offers convenient access to the shopping, dining, and entertainment options along Santa Monica Blvd, Sunset Blvd. Nearby popular destinations include Osteria La Buca, Ggiata Delicatessen, and Great White. The property is also half a mile away from future Echelon Studios, a 550,000-square-foot mixed-use development featuring new production studios, office space, and retail. Residents further benefit from numerous public transportation options, as well as convenient access to the Metro B Line and the 101 Freeway, providing connectivity throughout Los Angeles.

5736 La Mirada Ave, Los Angeles

Courtesy of Equity Union, Nicole Apostolos - CA DRE#01464936

$2,050,000
12 Beds ⋅ 12 Baths ⋅ 26907637 MLS
5345 La Mirada Avenue is a well-maintained 10-unit multifamily property located in East Hollywood. Built in 1965, the property totals approximately 8,648 SF of living space situated on a 7,500 SF LARD1.5-zoned lot. The three-story building offers a desirable unit mix of eight (8) 1-bed/1-bath units and two (2) two-bed/two-bath units. The spacious residences average approximately 600 SF for the one-bedrooms and 800 SF for the two-bedrooms, with many featuring hardwood flooring, wall A/C units, ceiling fans, ample storage, and attractive city views. Five units have been renovated in recent years with updated kitchens, bathrooms, and dual-pane windows. The two end units benefit from windows on three sides, providing exceptional natural light and panoramic views of Hollywood and Downtown Los Angeles. Offered at a 5.96% CAP Rate and 10.86 GRM on current rents, $205,000/unit and $237/SF! This property offers a stable and competitive return at current rents, and a significant upside as units turn over and pro forma rents are achieved. East Hollywood is a vibrant, centrally located Los Angeles neighborhood known for its rich cultural mix, anchored by Thai Town and Little Armenia, a strong local food scene, and a walkable, urban feel. It offers a blend of classic Craftsman homes, mid-century apartments, and newer multifamily development, with easy access to Hollywood, Los Feliz, Griffith Park, and major transit routes. Popular with renters, creatives, and investors alike, Melrose Hill continues to see steady demand. The median home sales price is approximately $900,000, though pricing varies widely by property type and location within the neighborhood.

5345 La Mirada Ave, Los Angeles

Courtesy of Equity Union, Nicole Apostolos - CA DRE#01464936

$2,800,000
10 Beds ⋅ 16 Baths ⋅ 26918907 MLS
We are pleased to present an apartment building consisting of sixteen (16) units located at 1211 N New Hampshire Ave in Los Angeles, California. The subject property is located in a great East Hollywood location, just north of Santa Monica Blvd and west of Vermont Ave. Located in a prime East Hollywood location adjacent to Silver Lake, this courtyard property has 2 APNs and offers a desirable mix of six studios and 10 one-bedroom units. Three units at 1211 N New Hampshire Ave will be delivered vacant, providing immediate value-add potential, while existing rents offer approximately 25% upside. The properties feature on-site parking with potential for multiple ADU conversions, on-site laundry, and does not require a soft-story retrofit. Residents benefit from convenient access to the 101 Freeway, Metro B Line, Sunset Junction, major commercial corridors, neighborhood parks, restaurants, coffee shops, retail, entertainment, healthcare, and Los Angeles City College, placing everyday amenities and nearby popular destinations easily within reach across central Los Angeles. This offering presents a compelling value-add opportunity through three delivered-vacant units, approximately 25% rental upside, and significant ADU conversion potential in a highly desirable East Hollywood location. *****PLEASE NOTE: This property is being sold with 1212 N New Hampshire Ave, APN: 5540-018-017. These can be purchased as a portfolio or separately.

1211 N New Hampshire Ave, Los Angeles

Courtesy of Marcus & Millichap, Jason Tuvia - CA DRE#01772495

$2,225,000
11 Beds ⋅ 10 Baths ⋅ 26925107 MLS
Currently operating as a successful Airbnb with a strong rental history. Seller-provided financials reflect strong cash flow with an estimated CAP RATE of 7.25%! This is a rare newer-construction fourplex, certificate of occupancy was issued in 2023 and thoughtfully designed across two separate buildings in the heart of North Hollywood. Featuring approximately 4,270 square feet of living space on a 5,000 square foot lot, this exceptional investment opportunity offers a desirable unit mix of spacious two- and three-bedroom residences designed to meet today's rental demand. Each unit showcases contemporary finishes, open-concept living spaces, large in-unit washer and dryers, separate utility metering, and private outdoor areas, creating an attractive living experience for both short-term and long-term tenants. The gated property offers eight parking spaces and low-maintenance newer construction, providing investors with a turnkey asset and reduced future capital expenditures. Ideally located just minutes from NoHo West, the NoHo Arts District, Universal Studios, major employment centers, dining, entertainment, and convenient transportation options, the property benefits from strong rental demand and continued neighborhood growth. Whether you're seeking a high-performing income property, a 1031 exchange opportunity, or a long-term hold in one of Los Angeles' most dynamic rental markets, 5853 Vineland Ave delivers the perfect combination of modern construction, prime location, and investment potential.

5853 Vineland Avenue, Los Angeles

Listing courtesy of Listing Agent: Brian Wall (brian@thewallestates.com) from Listing Office: Equity Union.

$1,975,000
8 Beds ⋅ 4 Baths ⋅ 26916449 MLS
ONE UNIT WILL BE VACANT 10/3! In the same family for 73 years and proudly standing tall for nearly 100 years in the highly acclaimed Beverly Grove neighborhood, this pedigree Italian Renaissance-style fourplex is both a testament and a love letter to early Los Angeles architecture. Designed by Architect Horatio Bishop, most notable as a leading pioneer architect of Carthay Circle, the property boasts a commanding yet romantic curb appeal that is further enhanced by its perfect positioning on a tree-lined street, full of character rich historic properties. Available for the first time in decades, the current stewards of the property have undergone a meticulous, multi-year restoration, striking the impeccable balance of original historical charm and modern amenities that today's tenants desire. Upon arrival, an elegant entry displays period-correct terracotta & hand-painted tiles, original lights, historic doors, and rod iron details throughout. Comprising four generously sized two-bedroom, one-bathroom units, each offers charming kitchens, Art Deco bathrooms, hardwood floors, and stunning casement windows with alluring features such as in-unit washer/dryer hookups and patios or balconies. Other capital improvements include a copper re-pipe and newer interior & exterior paint. Boasting a walk-score of 80, tenants of the community will enjoy nearby amenities such as Whole Foods, The Grove, LACMA, The Peterson Museum, Beverly Center, and & The El Rey Theater. The location also offers close proximity to public transportation, including the future Metro Purple Line Extension, which will provide access to both the West Side and Downtown Los Angeles (DTLA). The offering at 6366 Orange Street is a legacy transfer decades in the making.

6366 Orange St, Los Angeles

Courtesy of Compass, Erin Keegan - CA DRE#02098512

$1,395,000
10 Beds ⋅ 5 Baths ⋅ 26874697 MLS
3193 Budau Ave presents a compelling opportunity to acquire a turnkey 5-unit investment with immediate income upside in Metro Los Angeles. Two of the five 2-bedroom residences are currently vacant, giving a new owner the ability to place tenants at current market rents and meaningfully increase income from day one. Based on existing rents plus projected rents for the two vacant units, stabilized annual rental income is approximately $155,748, with additional upside as the remaining units reach market rents over time.Set on an approximately 8,620-square-foot lot, this distinctive bungalow complex features five individual residences, each offering 2 bedrooms and 1 bathroom. The property combines the privacy and appeal of bungalow-style living with the efficiency and income potential of a well-positioned multifamily asset.Extensively renovated around 2023, all five units have been thoughtfully updated with newer windows, electrical, plumbing, flooring, remodeled kitchens and bathrooms, and individual mini-split HVAC systems. The result is a refreshed, low-maintenance property positioned for streamlined ownership and strong tenant appeal.Three units are currently occupied, while two are vacant and ready for lease-up. A new management company was installed in May, further enhancing the property's plug-and-play appeal for an investor seeking existing income with near-term growth potential.Tucked into a quiet neighborhood setting yet conveniently connected to Downtown Los Angeles, major transit hubs, freeways, South Pasadena, Alhambra and surrounding communities, the property offers strong accessibility while maintaining a residential feel.Beyond the current income opportunity, the expansive lot may offer additional future value through ADU development or other expansion potential, subject to buyer verification and applicable approvals.With five 2-bedroom units, two immediate vacancies, extensive renovations, existing income, and clear upside potential, 3193 Budau Ave offers a rare combination of turnkey condition and value-add opportunity in the Los Angeles multifamily market.

3193 Budau Ave, Los Angeles

Courtesy of Compass, Stephanie Younger - CA DRE#01365696

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Based on information from CRISNet MLS as of All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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