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The LAAA Team of Marcus and Millichap is excited to present 6859 Hazeltine Ave in Van Nuys, CA.​ This Shovel Ready development, located in an Opportunity Zone, offers an opportunity to build an 18-unit single-family dwelling small lot subdivision.​ The total lot area is 28,600 square feet (0.66 acres), providing enough space for the construction of eighteen 3-bedroom, 2-bathroom homes.​ The property's layout offers a well-balanced mix of residential units, making it appealing to a diverse range of potential occupants or buyers.​ This makes it an attractive prospect for developers looking to capitalize on the demand for housing in the area and take advantage of the property's potential for long-term returns.​ Additionally, the property's location enhances its investment appeal.​ Van Nuys, located in the San Fernando Valley, offers convenient access to major transportation routes and essential amenities.​ Its central position within the region ensures that the residents have easy access to employment centers, educational institutions, retail hubs, and recreational facilities.​ The area's ongoing development initiatives and proximity to key destinations highlight its desirability for both residents and investors.​ Overall, the property at 6859 Hazeltine Ave represents a promising investment opportunity in a prime location with favorable growth prospects in the real estate market.​

The LAAA Team of Marcus & Millichap proudly presents 6167 Sylmar Ave, also known as 14401 Calvert St, a 22,529 square foot corner lot in the heart of Van Nuys.​ The property is located just a block away from City Hall and is surrounded by a neighborhood undergoing redevelopment.​ Situated at 6167 Sylmar Ave, the property is currently a parking lot located on the northwest corner of the intersection of Sylmar St and Calvert St.​ The corner location, along with 150 feet of frontage on both Sylmar Ave.​ and Calvert St, offers tremendous flexibility in design and parking accommodation for future homes.​ The property takes advantage of the recently up-zoned TOC Tier 4 and the Qualified Opportunity Zone designation of this QC2-2D-CDO Lot, maximizing its potential for future development in this growing and improving area.​ A savvy developer could build 112 units by right or utilize TOC and density bonus benefits to build 204 units.​ The lot is near many government buildings, providing easy access to potential future tenants with good incomes.​ Furthermore, its proximity to the LA Sheriff's Department and LAPD offers a sense of safety.​ Downtown Van Nuys is experiencing growth with job opportunities and rapid transit options, including the potential Metro Light Rail Project along Van Nuys Blvd, connecting the Orange Bus Line to the south and the City of San Fernando to the north, and possibly linking to the Sepulveda Pass Transit Corridor.​ Metro staff are recommending a 9.2-mile light rail line between the Orange Line’s Van Nuys Station and the Sylmar/San Fernando Metrolink Station for the East San Fernando Valley Transit Corridor project.​ The Metro Board of Directors will consider adopting light rail as the “locally preferred alternative” at their next meeting.​ The new rail line would run mostly down the center of Van Nuys Boulevard and along the San Fernando railroad right-of-way, adjacent to San Fernando Road.​ The line would have 14 stations with an end-to-end travel time of 31 minutes.​ Metro staff determined that light rail was faster, offered more capacity and would better serve the community in the future than bus rapid transit (BRT), the other type of transit under study for the project.​ Van Nuys Boulevard is the second-busiest bus corridor in the San Fernando Valley and seventh-highest in the Metro system.​ The rail line would also offer transfers to/from the Orange Line, several busy Metro bus lines, Metrolink, Amtrak and two future Metro projects —the Sepulveda Transit Corridor rail line and the North San Fernando Valley BRT line.​

We are proud to present "The Burbank", a 21-unit condominium property located at 11616 Burbank Blvd in North Hollywood, CA. Built in 2018 to condo specications, this property is 100% free of all rent control. The 30,817 sqft building sits on a 0.42 acre lot, and it boasts an excellent unit mix (15) 2 Bed / 2 Bath condos and (6) 3 Bed / 2 Bath condos. All of these modern condos are very large, with the average 2-Bed at 1,387sf and the average 3-Bed at 1,575sf. Of the 21 condos, 19 are market-rate and 2 are low-income restricted (both low-income restricted condos are 2 Bed). The property has gated parking on the ground oor with three levels of residential above. Each of the three residential oors have 7 condos with a stacked design. The condos are fully equipped with a high-end gourmet kitchen, stainless steal appliances and kitchen islands. Also included in each unit is a washer and dryer, balcony and exceptionally large space cabinetry and closets. The building is laying on a beautiful clean boulevard and is equipped with 8kwp solar panels and 9 EV chargers. Currently, this condo buildings is being operated as apartment rentals, and 21 condos are 100% occupied with all tenants paying rent. The 21 condos bring in a combined $66,500 of rent per month, or $798,000 per year. A recent rent survey suggests full market-rent potential at $77,500 per month, or $930,000 per year, presenting an investor with approximately 17% upside if they choose to continue operating the property as apartments. These condos offer an excellent exit strategy to sell them off individually. A survey of recently sold condos in the South Valley shows that newer construction 2 and 3 bedroom condos are selling for an average of $655 per sqft. With the building currently priced at just $341 per sqft (below today's replacement cost), there's millions of dollars in prot potential for an investor who's willing to put in the time to sell these condos individually. Importantly, selling these individually would allow the buyer to avoid expensive ULA transfer taxes on the exit. The Burbank is located within short distance to the heart of NOHO Arts District where there's a plentiful amount of restaurants, shopping, cafes, gastropubs, and nightlife. The property has easy access to the 170/101 freeways, allowing for easy commuting to anywhere throughout Los Angeles and beyond. Its proximity to Burbank, Studio City, and Hollywood positions it as an ideal home for those seeking access to the best the area has to offer.

Spacious home bordering Santa Monica & WLA. PETS OKAY. Gated for privacy, large grassy backyard. Unique rental with 3 car garage. Living room with beautiful stone fireplace & balcony & vaulted ceilings. 3 large bedrooms & 2 baths upstairs plus one garage bedroom & bath downstairs. Separate dining room. Spacious kitchen with all appliances included. Commercial type stove, refrigerator, dishwasher. includes a den/office. Downstairs is a huge open space perfect for an artist work space, sculptor, iron works, etc. play room, game room, etc. This property is situated behind another home, take the driveway back to the gated property. Also some extra outside parking is available in front of the house. Large grassy private gated yard. Located near Centinela Ave & Santa Monica Blvd. walk to shops, markets, restaurants & Starbucks, Prime Pizza, Canters Deli, etc.1463 Wellesley Ave is a house located in Los Angeles County and the 90025 ZIP Code.

We are proud to present 4540 Laurel Canyon Boulevard located in Valley Village, California, one of the best neighborhoods in the San Fernando Valley. The property is ideally located directly across the street from Campbell Hall school, one of the top private K-12 schools in Los Angeles county serving over 1,100 students, and the property is just south of the 101 freeway and within one block of the Studio City border. In fact, depending on the map you are looking at, this property could easily be described as being in Studio City, although it is technically in Valley Village. This 6 unit multifamily property, built in 1947, has a total building size of 4,318 SF and sits on a 7,126 SF lot. The building has an attractive unit mix of (1) Studio / 1-Bath unit, (3) 1-Bed / 1-Bath units, and (2) 2-Bed / 1-Bath units. This value add opportunity has over an estimated 31% upside potential in rents, and the property does not need any soft story retrofitting like many others do in the area, which helps the investor focus their capital improvement money on upgrading the units to raise rents and/or adding ADUs. This property is an ideal candidate to take advantage of the new ADU laws where an investor could quickly and cheaply add 1 or 2 detached ADUs at the back of the lot. Continue readingWe are proud to present 4540 Laurel Canyon Boulevard located in Valley Village, California, one of the best neighborhoods in the San Fernando Valley. The property is ideally located directly across the street from Campbell Hall school, one of the top private K-12 schools in Los Angeles county serving over 1,100 students, and the property is just south of the 101 freeway and within one block of the Studio City border. In fact, depending on the map you are looking at, this property could easily be described as being in Studio City, although it is technically in Valley Village. This 6 unit multifamily property, built in 1947, has a total building size of 4,318 SF and sits on a 7,126 SF lot. The building has an attractive unit mix of (1) Studio / 1-Bath unit, (3) 1-Bed / 1-Bath units, and (2) 2-Bed / 1-Bath units. This value add opportunity has over an estimated 31% upside potential in rents, and the property does not need any soft story retrofitting like many others do in the area, which helps the investor focus their capital improvement money on upgrading the units to raise rents and/or adding ADUs. This property is an ideal candidate to take advantage of the new ADU laws where an investor could quickly and cheaply add 1 or 2 detached ADUs at the back of the lot.

R3 vacant lot subject to T-Condition, located in Woodland Hills South of Ventura Blvd adjacent to a condominium complex. The R3 lot is within 1.5 Miles from Warner Center and adjacent to Hidden Hills and Calabasas. The land is priced to sell. 4% commission to Selling Broker. Buyer to verify all information and rely on their own investigation. Seller is affiliated with the Listing Broker. Under Contract, Seller is looking for backup offer.

By use code: Commercial - Professional Building - One Story

Charming and clean house in a desirable area of Canoga Park with close proximity to Topanga Mall, The Village, Warner Center, shops, restaurants and the FWY. Large living room and open kitchen makes it a very nice open floor plan. Bright with a lot of windows. Kitchen with breakfast area and pantry. 3 good sized bedrooms and a full bathroom. Central air and heat. Plenty of closet space. 2 car detached garage.

We are proud to present this rare triple-lot assemblage development opportunity in the North Hollywood Arts District. The offering sits on 21,761 square feet of land zoned C2-1 & R4 with a TOC Tier 3 bonus, and it is located in a qualified opportunity zone. With the 3 lots' combined zoning, a developer can build 54 market-rate units by-right, or a developer could choose to utilize the TOC Tier 3 Density bonus and build up to 96 apartment units. With the TOC Tier 3 bonus, a developer will be allowed an increased FAR and height limit to 4.5:1 and 97 feet, respectively. The property is also located in an Opportunity Zone which comes with significant tax incentives. To learn more about the TOC program and/or the Opportunity Zone tax law, please contact us today. Currently, there are 12 apartment units on two of these lots that bring in almost $220,000 in gross annual income. With the current rents from these apartment units, the buyer will be able to receive attractive financing and also will be able to cash flow positive while going through the entitlement process with the City. Additionally, there is a single family house on the third lot in this offering. A savvy developer could purchase this lot in a separate escrow in order to receive very attractive residential financing which will minimize the down payment required. The NoHo Arts District is a community that is home to theaters, cafes, art galleries, eateries, shopping, entertainment and much more. The area has recently seen a surge of new developments to add to its already lively scene. The NoHo Arts District is being transformed into a regional hub in the San Fernando Valley with the construction of Metro Stations connection neighboring cities. High density developments are being constructed around these Stations, creating a walkable urban village unlike an other.

The LAAA Team of Marcus & Millichap is pleased to present Hermitage Court, a 15-unit apartment community in Valley Village, CA. Built in 1970, this property is subject to LA Rent Control (RSO), but it is not required to have an onsite manager, saving the landlord a signi?cant expense.Priced at $4,320,000, Hermitage Court is offered well below ULA Mansion Tax's threshold of $5,150,000, allowing the buyer to increase the property's value without having to worry about paying for ULA taxes on a future sale.This 13,207 square foot building sits on a large 0.35 acre lot, and it boasts an excellent unit mix of twelve 2-bedroom units (80% 2-bed units), two 1-bedroom units, and one studio. The property wraps around a beautiful courtyard with well manicured landscaping, and it is fully secured with all entrances closed off from the public. There's plenty of parking for the tenants with some private garages in the front and additional parking in the back. Also, the property offers its tenants a pool and BBQ area to enjoy.The seller has renovated 8 of the 15 units in recent years, leaving the buyer ample opportunity to capitalize on approximately 33% upside in rents through unit turns. Also, the buyer could consider converting the garages into ADUs, adding to the total unit count and significantly increasing the property's value. Hermitage Court is located in a great pocket of Valley Village, a desirable community within the San Fernando Valley, known for its residential charm, accessibility, and convenience. The property bene?ts from its proximity to key transportation routes, shopping, dining, and entertainment options, as well as its closeness to major employment centers. This prime location not only enhances the living experience for tenants but also contributes to the property's overall attractiveness as an investment, by supporting sustained demand and the potential for rental growth. The blend of a well-maintained property, a diverse unit mix, and a prime location makes this asset a compelling opportunity for investors looking to capitalize on the Valley Village rental market.The LAAA Team of Marcus & Millichap is pleased to present Hermitage Court, a 15-unit apartment community in Valley Village, CA. Built in 1970, this property is subject to LA Rent Control (RSO), but it is not required to have an onsite manager, saving the landlord a signi?cant expense.Priced at $4,320,000, Hermitage Court is offered well below ULA Mansion Tax's threshold of $5,150,000, allowing the buyer to increase the property's value without having to worry about paying for ULA taxes on a future sale.This 13,207 square foot building sits on a large 0.35 acre lot, and it boasts an excellent unit mix of twelve 2-bedroom units (80% 2-bed units), two 1-bedroom units, and one studio. The property wraps around a beautiful courtyard with well manicured landscaping, and it is fully secured with all entrances closed off from the public. There's plenty of parking for the tenants with some private garages in the front and additional parking in the back. Also, the property offers its tenants a pool and BBQ area to enjoy.The seller has renovated 8 of the 15 units in recent years, leaving the buyer ample opportunity to capitalize on approximately 33% upside in rents through unit turns. Also, the buyer could consider converting the garages into ADUs, adding to the total unit count and significantly increasing the property's value. Hermitage Court is located in a great pocket of Valley Village, a desirable community within the San Fernando Valley, known for its residential charm, accessibility, and convenience. The property bene?ts from its proximity to key transportation routes, shopping, dining, and entertainment options, as well as its closeness to major employment centers. This prime location not only enhances the living experience for tenants but also contributes to the property's overall attractiveness as an investment, by supporting sustained demand and the potential for rental growth. The blend of a well-maintained property, a diverse unit mix, and a prime location makes this asset a compelling opportunity for investors looking to capitalize on the Valley Village rental market.

This listing is one of two properties listed for this seller. Both listings are basically identical development opportunities in the same pocket of West Hollywood, just a few blocks from each other. Seller would prefer to sell both to the same buyer.This listing is one of two properties listed for this seller. Both listings are basically identical development opportunities in the same pocket of West Hollywood, just a few blocks from each other. Seller would prefer to sell both to the same buyer.

Silver Lake is at your doorstep in this modern single family home. Built in 2015 and lightly lived in, the home offers 3 beds, 2.5 baths and is structurally independent with no shared walls or systems. One enters the home via the first floor entry foyer, which features a convenient powder room, a stack washer/dryer in a laundry closet and direct access to the side-by-side 2 car garage. Upstairs, the second floor features an open concept floor plan tailored to modern living: the light-filled kitchen features a large center island, quartz countertops and ample cabinetry with soft-close drawers and pantry. Appliances include a stainless Bosch refrigerator with icemaker and water dispenser, Bosch dishwasher and built-in microwave and a Bertazzoni gas range. The three bedrooms are located on the upper level. The spacious primary suite has a luxe ensuite bathroom and walk-in closet with Elfa shelving. Two guest bedrooms share a hallway guest bathroom with soaking tub. The expansive roof deck offers a shade pergola with a gas fire pit, wood decking and sweeping views of the Silver Lake hills and DTLA. Additional features include pre-wiring for electric car charging and ample storage space in the garage, integrated ceiling speakers for house-wide 5 channel audio, security cameras and add

We are excited to present a unique opportunity to purchase 712 S Stanley Ave, a fully vacant 4-unit apartment building centrally located in the highly sought-after Miracle Mile district of Los Angeles. Constructed in the 1920s with a Spanish architectural flair, the property offers a gross square footage of approximately 6,950 and is situated on a 0.16-acre (6,963 sq ft) lot. This property includes two spacious 2-bedroom, 2-bathroom units each approximately 1,350 sq ft and two very large 3-bedroom, 2-bathroom units, each approximately 1,950 sq ft. A key highlight is the full vacancy of the property upon purchase, allowing for immediate renovations and leasing, thereby enabling investors to realize the property's full income potential after their renovation is completed. This is particularly significant as the property falls under LA's rent control ordinance (RSO), which would restrict renovation activities until existing tenants vacate the premises. A great value-add strategy to consider is adding bedrooms and/or bathrooms to each of these oversized units. Depending on the floor plan and buyer's vision, it's very feasible to transform the 2 bed units into 3 bed units, and the 3 bed units into 4 bed units, without having to add any square footage. The asset benefits from its designation within an HPOZ (Historic Preservation Overlay Zone), offering potential tax advantages, and also benefits from favorable R3 and TOC zoning, which could present an opportunity for future redevelopment, depending on HPOZ restrictions (buyer to verify). 712 S Stanley Ave is optimally located just south of Wilshire Boulevard, in the heart of Miracle Mile - an area renowned for its cultural, dining, and shopping amenities. With a Walk score of 92, the neighborhood is a veritable "walker's paradise", offering residents an array of nearby conveniences and an outstanding quality of life. The property's location is further bolstered by its proximity to a brand-new metro station, currently under construction. This transit connectivity significantly enhances access to the wider LA area and beyond, making it an ideal location for commuters. It's approximately 1 mile from The Grove, LA's premier shopping and dining destination, featuring a mix of high-end retailers and unique boutiques, alongside world-class dining options, offering a desirable lifestyle for potential tenants. This property, with its historic charm, substantial square footage, zoning advantages, and superior location, offers an exceptional investment opportunity to maximize income potential and capital appreciation in the highly coveted Miracle Mile area.

Discover comfortable living in this well-kept apartment complex, featuring modern kitchens with granite countertops, bright living spaces, and easy-care flooring. Each unit offers cozy bedrooms, neat bathrooms, and ample storage. Enjoy the communal pool and sundeck for sunny day relaxation. Benefit from off-street parking and on-site laundry. Located minutes from shopping, dining, and transport. Ideal for those seeking a blend of convenience and quality. Resident responsible for all utilities

Call Cedros Terrace home today. These apartments for rent in Panorama City, CA, serve many renter household sizes. The apartment complex takes resident safety serious and has an automated gate system. The property is located close to a neighborhood park. Residents here enjoy features such as balconies.There is a grocery store within walking distance for quick shopping trips. If you don't own a car there's public transit nearby so you'll be able to explore the city.

The LAAA Team of Marcus and Millichap is excited to introduce the rare opportunity to develop two lots located at 6740-6746 Ben Avenue in North Hollywood, California.​ The Offering totals 16,001 square feet of land and is RTI (ready-to-issue) for 4 Single Family Homes + 2 ADUs.​ LOT #1 - 6740 BEN AVE: Two SFRs + Detached ADU Lot Area: 8,000.50 SF Zoning: R1 -1 SFR-1: 1st Floor (982.5 SF) +  2nd Floor (1,010 SF) = 1,992.5 SF SFR-2: 1st Floor (982.5 SF) +  2nd Floor (1,010 SF) = 1,992.5 SF Total RFA: SFR-1 (1,992.5 SF) + SFR-2 (1,992.5 SF) + ADU (730 SF) = 4,715 SF LOT #2 - 6746 BEN AVE: Two SFRs + Detached ADU Lot Area: 8,000.50 SF Zoning: R1 -1 SFR-1: 1st Floor (982.5 SF) +  2nd Floor (1,010 SF) = 1,992.5 SF SFR-2: 1st Floor (982.5 SF) +  2nd Floor (1,010 SF) = 1,992.5 SF Total RFA: SFR-1 (1,992.5 SF) + SFR-2 (1,992.5 SF) + ADU (730 SF) = 4,715 SF North Hollywood is experiencing a surge in new construction, with numerous projects underway or recently completed.​ The neighborhood is attracting developers due to its convenient location in the San Fernando Valley and its status as a transportation hub with access to major freeways and public transit.​ New apartment buildings and mixed-use developments are rising along busy thoroughfares, offering residents easy access to shops, restaurants, and entertainment.​ Additionally, many of these new constructions feature eco-friendly and sustainable designs, reflecting a growing concern for the environment and a desire for more energy-efficient buildings.​ With the increase in new development, North Hollywood is poised to become a more vibrant and dynamic community.​

We are excited to present to you this once in a generation opportunity to acquire and redevelop a 3-lot assemblage spanning 0.52 acres of land (22,253 square feet) zoned LAR3. In the highly sought-after Greater-Wilshire neighborhood, the sites are located at 4718, 4720 & 4726 Oakwood Ave, Los Angeles, CA 90004. These lots have been under the same family’s ownership for more than 50 years, signifying the rare opportunity available to developers. The current structures are vacant and have been vacant for more than 2 years, and none of the current structures are rent-controlled apartment units, meaning there will be no housing replacement requirements due to the structures that will be demolished.Additionally, due to the central location and the impressive 97 walk score, the sites are given Tier 3 status of the Transit Oriented Communities (TOC) incentive program, further increasing the development potential. Developers can build up to 48 units with a building envelope of 83,359 square feet on the site. Using the TOC incentives to achieve this unit count and building envelope comes with a requirement of at least 10% of the units being set aside for low-income families. That equates to a minimum of 5 affordable housing units when building the maximum 48 units, leaving 43 market-rate units without any rent control limitations.We are excited to present to you this once in a generation opportunity to acquire and redevelop a 3-lot assemblage spanning 0.52 acres of land (22,253 square feet) zoned LAR3. In the highly sought-after Greater-Wilshire neighborhood, the sites are located at 4718, 4720 & 4726 Oakwood Ave, Los Angeles, CA 90004. These lots have been under the same family’s ownership for more than 50 years, signifying the rare opportunity available to developers. The current structures are vacant and have been vacant for more than 2 years, and none of the current structures are rent-controlled apartment units, meaning there will be no housing replacement requirements due to the structures that will be demolished.Additionally, due to the central location and the impressive 97 walk score, the sites are given Tier 3 status of the Transit Oriented Communities (TOC) incentive program, further increasing the development potential. Developers can build up to 48 units with a building envelope of 83,359 square feet on the site. Using the TOC incentives to achieve this unit count and building envelope comes with a requirement of at least 10% of the units being set aside for low-income families. That equates to a minimum of 5 affordable housing units when building the maximum 48 units, leaving 43 market-rate units without any rent control limitations.

332 Cahuenga Dr is a duplex in Oxnard, CA. This home was built in 1960 and includes 988 square feet of living space. Additional features include a parking garage. Today, the estimated home value is around 511,700. Frequently asked questions about 332 Cahuenga Dr and the surrounding community.

UNIQUE DEVELOPMENT OPPORTUNITY. Just east of Metro's Expo/Crenshaw Station at the crossroads of the rapidly transforming neighborhoods of Leimert Park, Jefferson Park and West Adams this vacant double lot lies immediately north of the Expo Line and t

The LAAA team at Marcus & Millichap is excited to present 14008 Foothill Blvd, a 100% affordable development project in Sylmar, California. The 21,549 square foot (0.49 acres) site, zoned R3-1 does not currently hold any entitlements or permits which allows a developer many options. If going the 100% affordable route, a developer has the option to build unlimited units on the lot. Our analysis for 100% affordable development shows a 4-story apartment building over 1 level of on-grade parking and features a great unit mix 1 and 2 bedroom units. There is the opportunity to build even more by constructing 6+ floors and scrapping the parking. Being an ED1 eligible site allows an expedited approval process for 100% affordable developments which enables project approval within months. Current improvements include an occupied duplex on a month-to-month basis paying $3,775 per month. This allows a buyer to obtain a loan while working to get their entitlements and permits in place.The LAAA team at Marcus & Millichap is excited to present 14008 Foothill Blvd, a 100% affordable development project in Sylmar, California. The 21,549 square foot (0.49 acres) site, zoned R3-1 does not currently hold any entitlements or permits which allows a developer many options. If going the 100% affordable route, a developer has the option to build unlimited units on the lot. Our analysis for 100% affordable development shows a 4-story apartment building over 1 level of on-grade parking and features a great unit mix 1 and 2 bedroom units. There is the opportunity to build even more by constructing 6+ floors and scrapping the parking. Being an ED1 eligible site allows an expedited approval process for 100% affordable developments which enables project approval within months. Current improvements include an occupied duplex on a month-to-month basis paying $3,775 per month. This allows a buyer to obtain a loan while working to get their entitlements and permits in place.

By use code: Residential - Double, Duplex, or Two Units - 4 Stories or Less

The LAAA Team of Marcus & Millichap in partnership with AJ Jamasbi is excited to present a primely located development opportunity located at 1656 Sawtelle Blvd, Los Angeles, CA 90025.​ The project is ready for immediate construction with the plans being fully approved and RTI (ready to issue).​ Also, the old structure on the lot has already been demolished allowing for an even quicker construction start date.​ The RTI plans call for the development of 33 apartment units that will span an 24,804 square feet of gross building area.​ The proposed design includes 21 one-bedroom/one-bath and 12 two-bedroom/one-bath apartments, four of which are designated for very low-income tenants.​ This opportunity provides a unique advantage to bypass SB330 regulations and develop 33 units in a prime location at the heart of one of Los Angeles' most booming sub-markets.​ West Los Angeles is a continually growing area with some of the lowest vacancy rates in the county.​ 1656 Sawtelle is located in the the Sawtelle neighborhood of West Los Angeles which is a vibrant and eclectic area that serves as a cultural crossroads, most notably highlighted by its "Little Osaka" district that showcases a rich blend of Japanese and American culture.​ This diverse and bustling community is a food lover's paradise, renowned for its array of sushi bars, ramen houses, and specialty grocery stores, as well as a variety of other international cuisines.​ Not just a gastronomic haven, Sawtelle is also a commercial and residential hub, featuring trendy boutiques, art galleries, and modern apartment complexes.​ The neighborhood enjoys excellent accessibility, bordered by major arteries like the 405 Freeway and Santa Monica Boulevard, making it convenient for both residents and visitors.​ Adding to its allure are its green spaces such as Stoner Recreation Center, where families can enjoy outdoor activities in a relaxed setting.​ With its unique blend of cultural diversity, commercial vitality, and residential comfort, Sawtelle offers a microcosm of what makes West Los Angeles one of the most desirable places to live and visit.​

We are proud to present for sale this very rare triplex opportunity in the heart of Venice, CA, located at 2339 Abbot Kinney Blvd, just 0.75 miles from the Venice Beach, and just steps from local shops, restaurants, and entertainment that the world famous Abbot Kinney Blvd has to offer. This 3-unit, 1,792 SqFt multifamily building sits on a 4,858 SqFt lot, and it has a good unit mix of (2) 1-Bed / 1-Bath units and (1) 2- Bed / 1-Bath unit. This property is perfect for an investor who wants to capitalize on the upside potential in rental income and the historically strong appreciation of this Venice market. It is also perfect for an owner occupy buyer who wants to live in one of the units and collect rent on the other two. Furthermore, this property's zoning also offers an investor the potential for future redevelopment of 4 units/ condos, with a maximum envelope of 8,561 SqFt.

We are excited to present to you this once in a generation opportunity to acquire and redevelop a 3-lot assemblage spanning 0.48 acres of land (21,000 square feet) zoned LAR3. In the highly sought-after Greater-Wilshire neighborhood, the sites are located at 4623-4631 Beverly Blvd, Los Angeles, CA 90004. These lots have been under the same family’s ownership for more than 50 years, signifying the rare opportunity available to developers. The current structures are vacant and have been vacant for more than 2 years, and none of the current structures are rent-controlled apartment units, meaning there will be no housing replacement requirements due to the structures that will be demolished.Additionally, due to the central location and the impressive 97 walk score, the sites are given Tier 3 status of the Transit Oriented Communities (TOC) incentive program, further increasing the development potential. Developers can build up to 91 units with a building envelope of 73,121 square feet on the sites. Using the TOC incentives to achieve this unit count and building envelope comes with a requirement of at least 10% of the units being set aside for low-income families. That equates to a minimum of 9 affordable housing units when building the maximum 91 units, leaving 82 market-rate units without any rent control limitations.We are excited to present to you this once in a generation opportunity to acquire and redevelop a 3-lot assemblage spanning 0.48 acres of land (21,000 square feet) zoned LAR3. In the highly sought-after Greater-Wilshire neighborhood, the sites are located at 4623-4631 Beverly Blvd, Los Angeles, CA 90004. These lots have been under the same family’s ownership for more than 50 years, signifying the rare opportunity available to developers. The current structures are vacant and have been vacant for more than 2 years, and none of the current structures are rent-controlled apartment units, meaning there will be no housing replacement requirements due to the structures that will be demolished.Additionally, due to the central location and the impressive 97 walk score, the sites are given Tier 3 status of the Transit Oriented Communities (TOC) incentive program, further increasing the development potential. Developers can build up to 91 units with a building envelope of 73,121 square feet on the sites. Using the TOC incentives to achieve this unit count and building envelope comes with a requirement of at least 10% of the units being set aside for low-income families. That equates to a minimum of 9 affordable housing units when building the maximum 91 units, leaving 82 market-rate units without any rent control limitations.

This brand-new construction building, completed in 2024, features four residential units and a retail space in downtown Azusa.​ The residential units range from 1,200 to 1,600 square feet: Unit 1 is 1,285 sqft, Unit 2 is 1,225 sqft, Unit 3 is 1,203 sqft, and Unit 4 is 1,608 sqft.​ Each unit includes two parking spots in a tucked-in parking area.​ The building has an elevator and is gated for security.​ The property also includes a 600-square-foot retail space with excellent visibility on Azusa Avenue, making it ideal for businesses.​ Highlights include spacious residential units, two parking spots per unit, and a prime location in downtown Azusa with easy access to the Metro Gold Line, connecting residents to downtown Los Angeles and surrounding areas.​ Azusa, CA, offers a diverse job market with local employers in education, healthcare, retail, and manufacturing.​ Azusa Paciﬁc University is a major employer.​ The city's proximity to Los Angeles broadens job opportunities, with many commuting to work in various sectors.​ The Metro Gold Line further enhances job prospects by facilitating commuting to the larger metropolitan area.​ The San Gabriel Valley region, including Azusa, has seen growth in industries such as technology, healthcare, and education, attracting new businesses.​ Economic development initiatives in Azusa aim to foster local job growth, often with incentives for businesses.​ The retail and service sectors are signiﬁcant employers in the city.​ Azusa offers a variety of activities and attractions.​ Outdoor enthusiasts can explore the San Gabriel Mountains, Angeles National Forest, and Azusa River Wilderness Park.​ Parks like Northside Park, Slauson Park, and Veterans Freedom Park provide sports ﬁelds, playgrounds, and picnic areas.​ Cultural and educational attractions include Azusa Paciﬁc University and the Azusa City Library, hosting various events and programs.​ Downtown Azusa features shops, cafes, and restaurants such as Café Cultura, Max’s Mexican Cuisine, City Café, and The Congregation Ale House.​ The Azusa Farmers Market and Azusa Square Shopping Center offer additional shopping and dining options.​ Community events like Azusa Golden Days and local farmers markets foster a sense of community.​ Recreational opportunities include golﬁng at Azusa Greens Country Club and visiting historical sites like the Durrell House Museum.​ The Haugh Performing Arts Center hosts various performances, and Azusa Recreation and Family Services offers sports leagues, classes, and activities for all ages.​ Downtown Azusa amenities include the Azusa City Library, Azusa Paciﬁc University, Veterans Freedom Park, Citrus Crossing Park, and Azusa City Hall.​ The Azusa Downtown Station on the Metro Gold Line provides easy access to Los Angeles and nearby cities.​ The area hosts community events throughout the year, such as holiday parades, festivals, and farmers markets, contributing to the city's charm and livability.​

The LAAA Team of Marcus & Millichap is proud to present "The Fair", a 15-unit condominium property located at 5630 Fair Ave in North Hollywood, CA. Built in 2018 to condo specifications, this property is 100% free of all rent control. The 28,381 sqft building sits on a 0.39 acre lot, and it boasts an excellent unit mix of all 3 bed / 2 bath condos. The 15 condos are split into 5 different floor plans ranging from 1,460 sqft to 1,574 sqft, with the average of 1,502 sqft. Of the 15 units, 13 are market-rate and 2 are low-income restricted.The property has gated parking on the ground floor with three levels of residential above. Each of the three residential floors have 5 condos with a stacked design. These well designed condos feature new stainless steel appliances, an in-unit washer/dryer, an open-plan kitchen and dining area, a large living room with wood-inspired vinyl floors, and a balcony. Central air conditioning, modern finishes, and a host of amenities including an elevator, covered parking, video surveillance, and more, ensure a safe and comfortable living environment for the tenants. The property has 8 KWP solar panels and EV Chargers, both of which provide additional income. Currently, these condos are being operated as apartment rents and bringing in a combined $48,000 in monthly rent. If the investor was able to maximize rents on all 15 condos, we estimate upwards of $60,000 gross potential income, or about 27% upside in rents. These condos offer an excellent exit strategy to sell them off individually. A survey of recently sold condos in the South Valley shows that newer construction 2 and 3 bedroom condos are selling for an average of $655 per sqft. With the building currently priced at just $308 per sqft (below today's replacement cost), there is immense profit potential for an investor who's willing to put in the time to sell these off individually. Importantly, selling these individually would allow the buyer to avoid expensive ULA transfer taxes on the exit. The Fair is located within a short distance to GroundWorks Coffee, North Hollywood Park, numerous grocery stores, bars, and a wide selection of restaurants. Its proximity to Burbank, Studio City, and Hollywood positions it as an ideal home for those seeking access to the best the area has to offer.The LAAA Team of Marcus & Millichap is proud to present "The Fair", a 15-unit condominium property located at 5630 Fair Ave in North Hollywood, CA. Built in 2018 to condo specifications, this property is 100% free of all rent control. The 28,381 sqft building sits on a 0.39 acre lot, and it boasts an excellent unit mix of all 3 bed / 2 bath condos. The 15 condos are split into 5 different floor plans ranging from 1,460 sqft to 1,574 sqft, with the average of 1,502 sqft. Of the 15 units, 13 are market-rate and 2 are low-income restricted.The property has gated parking on the ground floor with three levels of residential above. Each of the three residential floors have 5 condos with a stacked design. These well designed condos feature new stainless steel appliances, an in-unit washer/dryer, an open-plan kitchen and dining area, a large living room with wood-inspired vinyl floors, and a balcony. Central air conditioning, modern finishes, and a host of amenities including an elevator, covered parking, video surveillance, and more, ensure a safe and comfortable living environment for the tenants. The property has 8 KWP solar panels and EV Chargers, both of which provide additional income. Currently, these condos are being operated as apartment rents and bringing in a combined $48,000 in monthly rent. If the investor was able to maximize rents on all 15 condos, we estimate upwards of $60,000 gross potential income, or about 27% upside in rents. These condos offer an excellent exit strategy to sell them off individually. A survey of recently sold condos in the South Valley shows that newer construction 2 and 3 bedroom condos are selling for an average of $655 per sqft. With the building currently priced at just $308 per sqft (below today's replacement cost), there is immense profit potential for an investor who's willing to put in the time to sell these off individually. Importantly, selling these individually would allow the buyer to avoid expensive ULA transfer taxes on the exit. The Fair is located within a short distance to GroundWorks Coffee, North Hollywood Park, numerous grocery stores, bars, and a wide selection of restaurants. Its proximity to Burbank, Studio City, and Hollywood positions it as an ideal home for those seeking access to the best the area has to offer.

We are proud to present this rare opportunity to build 2 units or homes at 1209 6th Avenue in Venice, California. Just one half mile from the world famous Venice Beach, this ideally located lot offers a total of 5,005 square feet of land (0.12 acres), and the RD1.5 zoning allows for 2 units or homes to be developed. The average new construction home in Venice sells for over $1,000 per square foot. With a max envelop of 9,163 SqFt allowed on this lot, a developer could build (2) 4,000 square foot homes on this lot, and then expect those two homes to sell for nearly $4M each. This development opportunity is ideal for the local developer looking to tap into one of the strongest rental and home sale markets in the country, and also for a savvy developer who knows how to navigate around the coastal and historic commissions.

We are pleased to present this bite size deal in South Los Angeles.​ This 4-unit property sits on a 5,602 sq.​ft lot (0.13 acres), has a total building size of 2,238 SqFt, and boasts a good unit mix of (2) 1-bed/1-bath units, (1) 2-bed/1-bath ADU, and (1) 3-bed/1-bath house.​ This property is currently 3 legal units with 1 non-conforming unit which is a converted garage.​ However, the Seller has just received fully approved RTI plans to legally convert the nonconforming unit to a legal ADU.​ The seller will be selling this property as-is, and the Buyer will be responsible for completing the ADU conversion.​ The Seller has received bids to complete this ADU work, and the cost will be between $50,000 to $60,000.​Therefore, the buyer of this property should expect a total investment of up to $659,000 including the purchase price and ADU conversion cost.​ At this total cost, the buyers effective CAP rate will be 5.22% with the long-term value add potential of over 35% upside in rents.​ If the buyer was able to get all of the units to our very achievable market rents, the buyer will be able to achieve an extremely desirable 8.50% CAP rate and an estimated 17.81% cash-on-cash return!

Broker of Trimax Realty, Inc. and in the industry for 26years. Residential, Commercial, Loans... we handle it all. it's not all about commissions... it's about the relationship and building together while protecting your interests. Let's talk and see what I can bring to the table for you.

Fred Nabati

I’m a residential real estate specialist serving the South Bay, Palos Verdes, Long Beach, and surrounding communities. I focus on guiding buyers and sellers with clear strategy, strong negotiation, and a step-by-step approach that removes uncertainty from the process. Whether you’re purchasing your first home or preparing to sell, my goal is simple: help you make confident, well-informed decisions that protect your investment and maximize your results.

Filip Niculete

About Filip Niculete

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28 properties

Los Angeles

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$1,050,000 to $3,650,000

1,000 ft² to 6,400 ft²

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