Adam Zunder

Habitat Apartments is a 19-unit apartment building located at 514 S. Mariposa Ave in the highly desirable Koreatown neighborhood of Los Angeles. Built in 1960, the property offers renters a high demand unit mix of 2 studios and 17 one-bedroom units across +/- 12,294 square feet of improvements on +/- 11,250 square feet of land. The thoughtfully maintained property features 12 extensively renovated units featuring new hardwood floors, kitchen cabinets, countertops, stainless steel appliances, designer tiles, fixtures, and lighting. The bathrooms have been updated with modern vanities and tile, bathtubs, and hardware. In addition, the units have new vinyl windows and either wall or split system air-conditioning units. New ownership can continue to capture an additional +/- 26% upside in rents through comprehensive renovations of the remaining unit interiors. The charming Mid-Century design, location, and resort-style feel, are major draws for tenants at the Habitat Apartments. Additional drivers leading to the historically high rents being achieved at Habitat include the elevated level of renovations and designer touches. Tenants have proven they are willing to pay more for a premium product which exceeds the level of detail found at competing properties. The building has 19 tuck-under parking spaces and one laundry room. Utilities are separately metered for electricity and gas, and there is one central water heater. Located in the heart of the Koreatown neighborhood, just east of Normandie Ave, and north of Wilshire Blvd, Habitat Apartments offers tenants access to major employment centers and a broad range of entertainment and recreation opportunities, all within a short walk. The Wilshire/Normandie Purple Line is a few-minute walk from Habitat.

Villa Girasol is an 18-unit apartment building located at 440 E 27th Street in the Historic Central submarket of Los Angeles. First time on the market in over 50 years, Villa Girasol is the perfect opportunity to add value to the building by renovating the exterior, interior hallways, and units to capture the significant upside in rents. The unit mix is 6 Single Room Occupancies (SRO), 11 Studios and 1 Two Bedroom/1 Bath units. Located in the heart of the Historic Central neighborhood, just south of Downtown LA and Los Angeles, Villa Girasol is near local employment and entertainment centers such as South Park, LA Live, and the Staples Center. Also, to rapidly developing areas like the Arts District, Koreatown, Exposition Park and USC. The neighborhood is considered highly walkable and a bikers paradise, with easy access to local shops and services, as well as freeways and public transportation.

By use code: Residential - Four Units (Any Combination) - 4 Stories or Less

Orion Apartments, located at 8926 Orion Ave. in the North Hills submarket of the San Fernando Valley. On the market for the 1st time in over 30 years, this true value-add opportunity will allow a new Buyer to capture 50+% upside in rents. Built in 1964, the Orion Apartments features a unit mix of 4-1 Bedroom/1 Bath, 11-2 Bedroom/1 Bath, 10-2 Bedroom/1.5 Bath, 9-2 Bedroom/2 Bath and 1-3 Bedroom/2 Bath. The building is individually metered for gas and electric, and has one main water heater that services all units. A mixture of tuck-under and carport parking offers tenants 6 tandem and 26 individual spaces to accommodate a total number of 38 cars. The earthquake retrofit work has been completed. The Los Angeles Housing Department citied the building for plumbing work that was done years ago without a permit. The notice to comply was not corrected within the specified time causing the property to go into REAP. As a result of the citation the building was completely replumbed with all new copper plumbing in 2022. As of June 2022, the property has been taken out of REAP and cleared of all citations. Please contact listing agents for full Offering Memorandum.

We are pleased to present for sale, The Clarendon, a twenty-two-unit apartment building in the Huntington Park submarket of Los Angeles. Located on a quiet residential street comprised of mostly single-family homes, the property is a charming, center-courtyard, walk-up. Built in 1964, The Clarendon features a unit mix of twelve studios, two 1-bedroom/1-bath, three 2-bedroom/1-bath, and a four-bedroom/2-bath house. Recently completed in 2022 was the addition of four additional units comprised of one 2-bedroom/1-bath, one 2-bedroom/2-bath, and two 3-bedroom/2-bath. The additional units are master metered for both gas and electric. Why buy in Huntington Park? Unlike the City of Los Angeles, Huntington Park currently allows for rent increases of 5% + CPI, which is equivalent to 10%. The City of Los Angeles has not allowed rent increases since 2019 and increases on rent-controlled buildings are generally capped at no more than 4%. By allowing higher rent increases Huntington Park gives landlords great flexibility in achieving rents that are closer to market, which is especially beneficial during high inflationary periods. Another benefit is the utility costs are considerably lower in comparison to the City of Los Angeles. New ownership can continue to improve the asset by renovating units as they become vacant, implementing RUBS to recapture utility costs, replacing the leased laundry machines with landlord owned, and continue to give the below market tenants annual rent increases. Show more

160 N.​ Holliston Ave “The Holliston” built in 1962 is in Pasadena which is considered one of the best places to live.​ This 12-unit apartment building consists of 8,984 Sq.​ Ft.​ and resides on a 12,318 Sq.​ Ft.​ lot.​ The Holliston is comprised of (4) 2-bedrooms + 1-bathroom units, and (8) 1-Bedroom + 1-Bathroom units.​On-site laundry is available to the tenants along with 12 covered parking spaces.​ Current rents are well below market and the opportunity exists for a new owner to add value and maximize rents resulting in a stabilized 5.6%+ Cap Rate.​The location of The Holliston is in the highly desirable rental market of Pasadena, known for its trendy eateries, outdoor activities, and pride of ownership location where tenants are willing to pay a premium to live in one of the best neighborhoods in all of Los Angeles.​

DISCLOSURE: Seller is an active real estate broker in California. Growth Investment Group California as the exclusive listing agents are proud to offer 777 N Los Robles, Pasadena. This offering provides a whopping ±6.6% CAP Rate and ±8.8% Proforma CAP Rate (buyer to verify CAP Rates), which currently one of the highest CAP Rate for apartments in Pasadena and West San Gabriel Valley submarket. With recent lower interest rates, a buyer could potentially purchase this property with a low down payment of 35% only and yet still realizing a high 7% Cash-on-cash return (with principal reduction – BUYER TO VERIFY!). Walk Score 86 – Bike Score 91. The property is a two-story apartment with a charming colonial revival architecture. It was built in 1910; it has a large building size of ±6,664 SF and situated on a large ±14,061 SF lot. It offers a desirable unit mix (for Pasadena rent control area) of one x 2bed+1bath+den, one x 2bed+1bath, seven x 1bed+1bath, and one x Studio (non-conforming). Four units have been upgraded with brand new flooring throughout, LED lighting, brand new kitchen with quartz countertops + new kitchen cabinets + stainless steel appliances, updated bathroom, and much more. The remaining non-upgraded 7 units provide ±24% rental upside, which upon turnover will take the current CAP Rate to a whopping 8.7% proforma CAP Rate (buyer to verify). The property has new exterior paint and new common area paint as well. It has a total of 12 parking spaces in the back (10 open + 2 garages). No parking soft story is required. New owners can take advantage of the garage by renting it out or even converting it into ADU. The property does not have any common area laundry which provides additional income opportunities by installing laundry machines. It has master metered for electricity and gas.

Las Casitas is a 5-unit apartment building at 743 N. Occidental Blvd. in the desirable Silverlake neighborhood of Los Angeles. Extensively renovated in2023, the property offers renters a high-demand mix of two 1-bedroom/1bath, one2-bedroom/1-bath, andtwo3-bedroom/2-bath units across 3,560 square feet of improvements on7,100 square feet (0.16acres) of land. Las Casitas is a 1920s Spanish house with four separate bungalows that give tenants the feel of a home. Originally built in 1927, the units were taken down to the studs in 2023 and rebuilt with new hardwood floors, kitchen cabinets, countertops, stainless steel appliances, designer tiles, fixtures, and lighting. The bathrooms have been updated with modern vanities, tiles, bathtubs, and hardware. The units have new windows, split system conditioning units, and in-unit washers and dryers. In addition, the building has copper plumbing, new electrical system & wiring, exterior paint and landscaping. The charming Spanish architecture, resort-style feel, and location are major draws for Las Casitas. Additional drivers leading to the high rents being achieved include the elevated renovation level and designer touches. Tenants have proven they are willing to pay more for a premiumproduct which far exceeds the level of detail found at competing properties. Utilities are separately metered for electricity and gas, and each unit has an individual water heater. Las Casitas is the perfect opportunity for investor looking for a high yield, excellent location, and a turn-key asset.

We are pleased to present for sale Alma Del Pueblo, a 10-unit, two-building Craftsman & Spanish Bungalow style multifamily property located at 123 East 36th Place in the rapidly gentrifying Historic Central neighborhood of Los Angeles. Situated east of Main Street and south of Jefferson Boulevard, the 1926-built property is comprised of one Bungalow-style building with seven one-bedroom / one-bathroom units averaging 550 square feet and one two-bedroom / one-bathroom unit with 850 square feet of living space. The second structure is a traditional two-story Craftsman-style duplex featuring a 900 square feet downstairs one-bedroom / one-bathroom unit, and a 1,100 square foot three-bedroom / one-bathroom upstairs unit. The combined gross building area measures 6,546 square feet, on a 9.375 square foot lot. Both buildings feature a new roof and comprehensively updated exterior with distinctive curb appeal highlighted by lush landscaping that hints at the thoughtfully maintained unit interiors. The property benefits from new electrical wiring throughout, including an updated main panel and individual sub-panels in all units, new copper plumbing, individual water heaters in each unit, and a new roof on the two structures.

We are pleased to present Alcott Apartments 1st time on the market in 70 years! Located in the Pico Robertson/Carthay submarket in Los Angeles, 6107 Alcott Street was constructed in 1928 as a 6-unit apartment building, however in 1930 the original owners elected to combine the two units over the garages making one larger unit. The property currently operates as its original configuration of six units but is legally five. Alcott Apartments is located on a quiet, low density, residential street with primarily apartment buildings built in the 1920's. The front building is comprised of four large one bedroom/one bath units that are +/- 1000 square feet each and feature a formal living room, dining room, kitchen, and laundry room with in-unit washer and dryer. Potential value-add for a new ownership could be to convert these units into two bedrooms. The rear building features two studio units that are +/- 400 square feet and have full kitchens. The entire rear structure is a legal unit, however, one unit was subdivided into two. New ownership can add value by potentially converting it back to the original six units. The rear two units are master metered for both gas and electric. The area immediately surrounding Alcott Apartments is booming with ground up development. Recently completed is City View's The Park LA which features 123 apartment units with ground-floor retail at 5935 W. Pico Blvd, Wiseman Residential's project at 6055 W. Pico Blvd with 125 apartment units, Olive Point's 122-unit project at 5903 W. Pico Blvd, and Ikon's 48-unit apartment building at 6001 W. Pico Blvd. This is the 1st time the Alcott Apartments has been on the market in over 70 years! Please contact listing agents for full offering memorandum.

The Ivy at Woodman Apartments, located in the Valley Glen neighborhood of the San Fernando Valley, is a 23-unit multi-family building built in 1964. And beautifully renovated in 2022. This property is located at 6958 Woodman Ave. and is comprised of two studio, three one-bedroom/one-bath, one one-bedroom/one and a half-bath, twelve two-bedroom/one and a half-bath, four two-bedroom/two-bath, and one three-bedroom/two-bath units across +/- 22,211 gross square feet of improvements on +/- 18,795 square feet of land. Utilities are separately metered for electricity and gas. The property also features 23 covered parking space. This stunning turn-key opportunity has been remodeled with high end finishes and has a modern and luxurious feel. Unique to this building is that 14 of the units are townhouses, offering tenants more space and privacy. This continues to add to its long list of desirable features. Neighboring multi-family projects add value to the surrounding buildings, and position the property to capture top of market rents and higher income tenant base. The charming Mid-Century design, resort-style feel, and location are already major draws for The Ivy at Woodman Apartments. Additional drivers leading to the high rents being achieved include the elevated level of renovation and use of designer touches. The renovated units feature new hardwood floors, kitchen cabinets, counter tops, stainless-steel appliances, designer tiles, fixtures, and lighting. The bathrooms have been updated with modern vanities, tiles, and hardware. Tranquil courtyard areas and pool continue to add to the allure of this asset. Located on the southeast corner of Woodman Ave. and Hart St. West of the 170 freeway, south of Sherman Way, east of Hazeltine Ave., and north of Vanowen St. This prime location offers easy access to the freeway and proximity to many of the Valley's amenities make this highly desirable to many tenants. Please get in touch with the listing agents for a full marketing package.

We are is pleased to present for sale, 1240 Orange Grove Ave, located in the City of Glendale. First time on the market in over 40 years, this duplex features a detached single-family residence with three bedrooms and one and half baths, and a one bedroom and one bath unit over the carport parking. The single-family residence is approximately 1300 square feet, and the one bedroom is approximately 700 square feet. Orange Grove Ave is located on a quiet street with a mix of homes and apartment buildings, just north of Colorado Blvd and east of Chevy Chase Drive. The property is centrally located and close to supermarkets, restaurants, shopping, and entertainment. Orange Grove Ave has been in the same family for over 40+ years and was constructed by the Sellers parents. The property has been well maintained; however, a new Buyer might consider making some minor improvements to modernize the house. This property is perfect for either an investor looking for cash-flow or a someone looking to live in the single-family home. The home will be delivered vacant.

Two units delivered vacant! This 21 unit apartment building consist (1) Bachelor, (16) Singles and (4) 1bedrooms is now available for sale after being privately owned for the almost 40 years.​ It offers several attractive features and benefits that include onsite laundry facility within the premises, providing convenience for residents and potential income for the owner.​ Separate electrical metering, Each unit within the property has its own individual electrical meter, allowing for direct billing of electricity usage.​ Separate gas metering, the property has separate gas meters for each unit.​ Landlord covers the cost of water.​ Five on-grade parking spaces at ground level, providing convenient and easily accessible parking for residents and street parking is available.​ The property is classified under the Transit Oriented Communities (TOC) program, specifically designated as Tier 2 which may come with potential incentives.​ The property is situated in an area experiencing significant growth, with new housing, schools, and retail establishments being built nearby.​ This can contribute to a vibrant and evolving neighborhood.​

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Rene Perez Jr

A 20-year real estate veteran focusing on helping the individuals and families of Southern California navigate the real estate market.  Whether buying or selling, trust experience.  My expertise is residential real estate and multi-family investments.  

Adam Zunder

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13 properties

Los Angeles

Family Home

$1,800,000 to $4,750,000

4,400 ft² to 11,200 ft²

Properties for sale by listing agent Adam Zunder

$4,650,000

$2,875,000

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