Commercial Real Estate in California available for sale
Investment Properties For Sale

Investment Properties for Sale in California, USA

More details for 3381-3387 El Cajon Blvd, San Diego, CA - Retail for Sale

3381-3387 El Cajon Blvd

San Diego, CA 92104

  • Investment Property
  • Retail for Sale
  • $1,368,789 CAD
  • 2,640 SF
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More details for 4748 Pine St, Pico Rivera, CA - Multifamily for Sale

4748 Pine St, Pico Rivera,CA - 4748 Pine St

Pico Rivera, CA 90660

  • Investment Property
  • Multifamily for Sale
  • $1,094,895 CAD
  • 1,590 SF
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More details for 14857 Hartsook St, Sherman Oaks, CA - Multifamily for Sale

~36% Upside in Rents | Garage ADU Potential - 14857 Hartsook St

Sherman Oaks, CA 91403

  • Investment Property
  • Multifamily for Sale
  • $2,429,602 CAD
  • 5,958 SF
  • Air Conditioning

Sherman Oaks Multifamily for Sale

14857 Hartsook Street is a classic 1960 garden-style apartment building located on a prominent corner lot in prime Sherman Oaks, one of the San Fernando Valley’s most sought-after rental submarkets. Comprising six units across approximately 5,958 square feet on a 6,075-square-foot parcel, the property represents a low-maintenance, value-add opportunity with meaningful income growth potential through both traditional renovations and strategic property enhancements. The site’s corner positioning, visibility, and location within a strong infill market support stable occupancy and long-term investor appeal. The asset features a highly functional and balanced unit mix consisting of three two-bedroom, one-and-a-half-bath units averaging roughly 991 square feet each and two one-bedroom, one-bath units ranging from approximately 694 to 773 square feet. These larger floor plans cater to family-oriented and long-term tenants, driving lower turnover and strong retention while allowing for substantial rent growth upon natural vacancy. Current in-place rents are estimated to trail neighborhood market levels by approximately 36 percent, offering a clear value creation pathway through market-standard interior upgrades such as flooring, finishes, appliance packages, and bath refreshes—without requiring a heavy repositioning effort. In addition to standard renovation potential, the property offers a compelling long-term upside through the possible conversion of existing garage spaces into one or two Accessory Dwelling Units (ADUs), subject to City of Los Angeles review and permitting. This potential ADU addition provides an opportunity to unlock new revenue streams and further enhance yield while preserving operational simplicity. The combination of under-market rents and physical adaptability makes Hartsook an ideal candidate for investors seeking multiple levers of growth. Operational risk is mitigated by a series of major capital improvements completed over the past two decades, significantly reducing near-term capital expenditure requirements. Key system upgrades include a Class A/B roof replacement completed in 2016 and a full soft-story seismic retrofit finalized in 2019 with a Certificate of Compliance issued by the City of Los Angeles. Additional recorded work includes a full plumbing re-pipe in 2004, installation of earthquake gas shut-off valves in 2003, wall heater replacements, kitchen hood duct upgrades, and minor garage repairs. These improvements address the most critical building systems for vintage multifamily assets and enhance lender confidence while supporting a turnkey value-add execution. Zoned [Q]RD1.5-1-RIO (Low Medium II Residential), the property lies within the Los Angeles River Implementation Overlay and is mapped along a High-Quality Transit Corridor, reinforcing long-term accessibility and planning strength. While located within a Liquefaction Zone, the parcel sits outside the FEMA Flood Zone per ZIMAS. The property is subject to the Los Angeles Rent Stabilization Ordinance (RSO). In sum, 14857 Hartsook Street offers investors a corner-lot Sherman Oaks multifamily asset with a proven physical plant, spacious and balanced unit mix, and approximately 36 percent achievable rent upside, complemented by the potential for ADU conversion and supported by extensive completed capital work—all within one of the San Fernando Valley’s most stable and supply-constrained neighborhoods.

Contact:

Marcus & Millichap

Property Subtype:

Apartment

Date on Market:

2025-11-07

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More details for 529 W 10th St, Long Beach, CA - Multifamily for Sale

529 W 10th St

Long Beach, CA 90813

  • Investment Property
  • Multifamily for Sale
  • $1,984,746 CAD
  • 3,616 SF
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More details for 1424 Wake Forest Dr, Davis, CA - Multifamily for Sale

Oxford Parkside Apartments - 1424 Wake Forest Dr

Davis, CA 95616

  • Investment Property
  • Multifamily for Sale
  • $19,847,455 CAD
  • 59,547 SF
  • Air Conditioning
  • Fitness Center

Davis Multifamily for Sale - Davis/Woodland

The DeLoney-Haeling Team of Marcus & Millichap is excited to offer Oxford Parkside Apartments in Davis, California for sale for the first time since the 1980s. The property is ideally located only about 2000ft from the entrance to UC Davis Campus at the intersection of Russell Boulevard and Sycamore Lane and is nestled amongst 2014 vintage and newer purpose-built graduate student housing. Residents can walk or bike to class. Residents also enjoy being adjacent to Oxford Circle Park, which has a beautiful redwood grove, shaded area with tables and BBQs and large grassy area complete with a frisbee golf course. The Davis Collection redevelopment project is nearly completed with over 100,000sqft of retail and several anticipated outparcel restaurants and retail pads. The project is opened in 2025 with tenants like Nordstrom Rack, Ulta Beauty, PetSmart, Trader Joe's, etc. For those residents with vehicles, adequate off-street parking is provided and freeway access to Hwy113 is only a minute away providing access to I-80 a mile to the south. After more than 35 years of continuous ownership, Oxford Parkside is perfectly suited for a value-add strategy by new ownership. The current scheduled rent averages just above $1817 per month while market rents appear to be closer to $2000. There are also two 19x17ft rooms on the second and third floors of the property that could be incorporated as an additional bedroom into an adjacent unit or converted into a Junior ADU additional unit for income. Ownership currently owns the laundry machines; a new owner could sign a new lease with newer point-of-sale machines and at a 50% split averaging $20/mo laundry usage per unit would see a fourfold increase in laundry income. Another avenue for adding value would be to expand downstairs patio spaces for those units facing the adjacent public park to private small backyards and charge a premium. Seller is currently in the process of completing SB721 work. Please speak with agent for update status. All tours must be conducted with listing agent present. Do not disturb management.

Contact:

Marcus & Millichap

Property Subtype:

Apartment

Date on Market:

2025-11-06

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More details for 1233-1235 S La Cienega Blvd, Los Angeles, CA - Office for Sale

1233-1235 S La Cienega Blvd

Los Angeles, CA 90035

  • Investment Property
  • Office for Sale
  • $2,737,580 CAD
  • 3,600 SF
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More details for 2816-18 Columbia Street, San Diego, CA - Multifamily for Sale

PLUS 2830 Columbia Assemblage Panoramic Views - 2816-18 Columbia Street

San Diego, CA 92103

  • Investment Property
  • Multifamily for Sale
  • $5,201,402 CAD
  • 1,284 SF
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More details for 115 S Fresno St, Los Angeles, CA - Multifamily for Sale

115 S Fresno St

Los Angeles, CA 90063

  • Investment Property
  • Multifamily for Sale
  • $1,367,421 CAD
  • 4,054 SF
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More details for 3637 Dean Drive, Ventura, CA - Land for Sale

Premier Ventura Development Opportunity - 3637 Dean Drive

Ventura, CA 93003

  • Investment Property
  • Land for Sale
  • $4,037,931 CAD
  • 0.77 AC Lot
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More details for 5511 Calhoun Ave, Sherman Oaks, CA - Land for Sale

PRIME SHERMAN OAKS 2 SIDE BY SIDE VACANT LOTS - 5511 Calhoun Ave

Sherman Oaks, CA 91401

  • Investment Property
  • Land for Sale
  • $3,490,415 CAD
  • 0.39 AC Lot
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More details for 24 Roswell Ave, Long Beach, CA - Multifamily for Sale

24 Roswell Ave - 24 Roswell Ave

Long Beach, CA 90803

  • Investment Property
  • Multifamily for Sale
  • $2,662,297 CAD
  • 2,779 SF
  • Air Conditioning
  • Kitchen
  • Smoke Detector

Long Beach Multifamily for Sale - Long Beach: Downtown

HIGHLY SOUGHT-AFTER BEACH LOCATION in Beautiful Belmont Shore. 24 Roswell Avenue presents an exceptional opportunity Mid-Century beach property, perfectly positioned on an oversized 4,099 sq. ft. lot in one of Long Beach’s most desirable coastal neighborhoods. Offering a rare combination of charm, flexibility, and income potential, this property stands as a true generational legacy asset. The property features five units: three spacious one-bedroom, one-bath residences (each approximately 600± sq. ft.) and two bright studio units. Four of the five units have been recently renovated, showcasing modern kitchens, updated bathrooms, new flooring, and upgraded electrical sub-panels—creating stylish, move-in-ready spaces that appeal to today’s tenants. Tenants enjoy dedicated parking for each unit, including seven covered carport spaces plus one enclosed garage—a highly valued amenity in this walkable, beach-close community. With a 90 Walk Score (“Walker’s Paradise”), residents are just moments from local shops, restaurants, and the shoreline. This property also offers tremendous upside potential. The existing garage structure may accommodate an ADU (Accessory Dwelling Unit), providing an excellent opportunity to expand living space or enhance rental income. Additionally, the property may qualify for short-term rental registration, offering flexible income options for the savvy investor. Whether you’re seeking a turnkey income property, a future development opportunity, or a long-term coastal investment, this versatile Mid-Century gem delivers endless possibilities in the heart of vibrant Long Beach.

Contact:

Coldwell Banker Commercial BLAIR

Property Subtype:

Apartment

Date on Market:

2025-11-05

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More details for 6200 Malabar St, Huntington Park, CA - Multifamily for Sale

6200 Malabar St

Huntington Park, CA 90255

  • Investment Property
  • Multifamily for Sale
  • $2,224,284 CAD
  • 3,592 SF

Huntington Park Multifamily for Sale - Mid-Cities

SGV+ Multifamily of Compass Commercial, Inc., as the Exclusive Listing Agent, is proud to present 6200 Malabar Street – a 7-unit multifamily property located in the heart of Huntington Park, CA. Huntington Park is located within LA County’s Southeast region just 7-miles outside of DTLA, centered between the 710-, 5-, and 110-freeways. The property is located within a 10-mile drive to major employment hubs like City of Vernon, City of Commerce, and DTLA. Locally, tenants enjoy being just steps from Pacific Blvd – Huntington Park’s heaviest retail corridor providing access to a variety of retailers, convenience stores, and places to dine. Tenants also enjoy convenient access to big name retailers within a 3-mile drive like Target, Home Depot, Northgate Market, and Several Local Parks and Schools. The property offers 7 single-story, ground-level apartments, consisting of 4, 1-Bedroom and 3, 2-Bedroom units. The property sits on a 7,500+ SF lot and, in addition to housing, offers on-site garage parking and a community laundry room – all income generating attributes that are sparce for tenants in the area. The property currently generates over +/-$150,000 in rental income, with an additional +/-$5,400 of revenue via rentable garages and a shared laundry facility. With a total annual revenue of +/-$155,880, a new investor will benefit from the current 6.71% CAP Rate and 10.42 GRM. A new investor also has the rare opportunity to assume the existing debt of +/-$983,000 at a below market interest rate of 3.45%, which is fixed until mid-2029. The deal boasts an impressive in-place 8.77% Cash-on-Cash return with the assumption of the current debt.

Contact:

COMPASS

Property Subtype:

Apartment

Date on Market:

2025-11-05

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More details for 6833 Simpson Ave, North Hollywood, CA - Land for Sale

Redev - OppZone - 7,905SF - 60x131 - $146PPSF - 6833 Simpson Ave

North Hollywood, CA 91605

  • Investment Property
  • Land for Sale
  • $1,574,109 CAD
  • 0.18 AC Lot

North Hollywood Land for Sale

PartnersCRE is proud to present for sale a redevelopment opportunity in the North Hollywood area near Burbank Airport. Boasting 7,905 SF of land with 60 feet of frontage, this RD1.5 Tier 2 TOC lot comes with Entitlements for 48 Affordable Units, which can be provided as they currently are, in their early stage of submittal and design. The property features an Ellis’d vacant duplex, situated in a Low Medium II Residential General Plan area, in an Opportunity Zone (QOZ), benefitting from a High Quality Transit Corridor within half a mile, and from a Transit Oriented Incentive Area (TOIA) 1. Utilize the duplex for conventional financing, while renting it out short term while designing the perfect project with the new rules allowing you to maximize what can be built on site, or focus on market rate units with some low income offerings, adding ADUs and blending into the neighborhood! Just north of the NoHo Arts District, with easy access to the Airport and the concentration of jobs in the area, the 170 freeway, the new NoHo West, markets, nightlife and just about anything that your future tenants may be looking for, the area has seen a tremendous rebirth over the last two decades. The existing Project will not be delivered RTI, but with today’s streamlined submittal process, get ready to break ground in no time at all with the existing Project or a brand new design!

Contact:

Partners CRE - KWBH

Property Subtype:

Residential

Date on Market:

2025-11-05

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More details for 352 Jill Cir, Stockton, CA - Multifamily for Sale

Stockton Duplex- All offers Considered! - 352 Jill Cir

Stockton, CA 95210

  • Investment Property
  • Multifamily for Sale
  • $615,956 CAD
  • 1,927 SF
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More details for 1409-1411 Victorian Aly, Sacramento, CA - Multifamily for Sale

1409-1411 Victorian Aly

Sacramento, CA 95818

  • Investment Property
  • Multifamily for Sale
  • $1,218,223 CAD
  • 1,686 SF
  • Air Conditioning

Sacramento Multifamily for Sale - Downtown

Duplex with internal attached ADU's. Currently a mix of 30 to 120 night occupancy Occupancy length changes constantly. Average occupancy 90 nights. Duplex is prime residential investment opportunity in Midtown Sacramento. Walkable to the R-Street entertainment corridor with all of its restaurants, bars, cafes, entertainment venues, and Safeway. Easy, convenient freeway access. 1409 & 1411 Victorian Aly duplex is upper and lower. Upstairs is 1409 upper floor. Upstairs and lower level include a studio ADU. 1413 & 1415 Victorian Aly duplex (the right side of building) is also available at same price and is reverse floorplan. 1415 is upper floor Fully furnished and 100% occupied. Gated property and in-unit modern washer/dryers. High-quality interior finishes. Almost new low maintenance building. Located just around corner from Urban Roots Restaurant and brewery. Free no-meter street parking. *See attached upper and street level floor plans in photos *See attached turn key income and expense sheets in photos section Write offers subject to inspections, then we can arrange interior viewings. Apartments are always occupied. You can view Apartments upon acceptance of your contingent offer. The other side of the building (attached zero lot line) 1413-1415 Victorian Aly duplex is reversed floor plan available for the same price. Total both together is $1,780,000 for the 8 units (4 1-bed & 4 studios). For further info, text Don (owner) at 775-338-8410 or email Donhenrich@gmail.co. Do Not Call if you want to reply. !!! Text only. .

Contact:

Don Henrichsen

Property Subtype:

Apartment

Date on Market:

2025-11-05

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More details for 2004 27th Ave, Oakland, CA - Multifamily for Sale

2004 27th Ave

Oakland, CA 94601

  • Investment Property
  • Multifamily for Sale
  • $1,361,946 CAD
  • 3,688 SF
  • Sprinkler System
  • 24 Hour Access
  • Controlled Access
  • Kitchen

Oakland Multifamily for Sale - Oakland-South/Airport

Situated on a prominent corner lot at 2004 27th Avenue in Oakland’s 94601 zip code, this well-maintained 7-unit apartment property presents an attractive investment opportunity with strong in-place income and significant growth potential. Priced at just $142,000 per unit, the offering delivers a compelling 6.08% cap rate and 9.32 GRM, making it one of the most competitively priced multifamily assets in the East Oakland submarket. The property is comprised of two separate buildings—a five-unit structure and a duplex—enclosed by a perimeter fence, providing both privacy and security for residents. Recent capital improvements include upgraded electrical subpanels throughout, ensuring modern infrastructure and reduced future maintenance costs. Interior upgrades further enhance the property’s desirability, with five of the seven units featuring updated kitchens and bathrooms that appeal to today’s renter preferences. Beyond current performance, the property offers investors over 30% in rental upside, creating an opportunity to drive NOI and substantially increase value over time. The mix of renovated units, proven rental demand in the surrounding neighborhood, and the corner-lot configuration give investors both stable cash flow today and strong appreciation potential tomorrow— making 2004 27th Avenue an ideal addition to any Oakland multifamily portfolio.

Contact:

Compass Commercial

Property Subtype:

Apartment

Date on Market:

2025-11-04

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More details for 3703 Manchester ave, Encinitas, CA - Land for Sale

3703 Manchester Ave - 3703 Manchester ave

Encinitas, CA 92024

  • Investment Property
  • Land for Sale
  • $2,593,857 CAD
  • 1.27 AC Lot
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More details for 1120 E 1st St, Beaumont, CA - Land for Sale

1120 E 1st St

Beaumont, CA 92223

  • Investment Property
  • Land for Sale
  • $2,047,710 CAD
  • 4.50 AC Lot

Beaumont Land for Sale - Beaumont/Hemet

4.50-acre signalized corner development site with Transit-Oriented District (TOD) overlay permitting 100+ uses by-right. Hard corner location at E. 1st Street and Pennsylvania Avenue, positioned 0.33 miles from future I-10 interchange (fully funded, construction 2026). Community Commercial base zoning with TOD overlay eliminates density restrictions for multi-family and mixed-use development. Level, pad-ready site with all utilities available. MARKET OVERVIEW: Beaumont represents Riverside County's fastest-growing submarket with population of 55,000+ and median household income of $105,164. Market catalysts include 622-acre Beaumont Pointe industrial development (5.0M SF, 5,400 jobs, $1.5B value) and 23 million SF of industrial in planning pipeline. City investing $130M+ in infrastructure including two new freeway interchanges and downtown revitalization. Regional draw from I-10/SR-60 junction serving daily traffic counts exceeding 150,000 vehicles. DEVELOPMENT OPPORTUNITY: TOD overlay permits maximum flexibility: ground-floor retail with residential above, standalone multi-family without density caps, medical office complexes, hospitality, traditional retail formats. Site configuration supports 40,000-60,000 SF retail footprint or 150+ multi-family units. By-right uses include retail, restaurants, banks, hotels, professional offices, medical facilities, urgent care, multi-family residential, senior housing, mixed-use projects. Conditional uses include drive-through facilities, gas stations, self-storage.

Contact:

RobertMendieta.com

Property Subtype:

Commercial

Date on Market:

2025-11-03

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More details for 630 Naranja Dr, Glendale, CA - Multifamily for Sale

630 Naranja Dr

Glendale, CA 91206

  • Investment Property
  • Multifamily for Sale
  • $2,662,297 CAD
  • 4,838 SF
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More details for 146 Rosemont Ave, Los Angeles, CA - Multifamily for Sale

6 Units | 2018 Built | Silver Lake Adjacent - 146 Rosemont Ave

Los Angeles, CA 90026

  • Investment Property
  • Multifamily for Sale
  • $4,106,370 CAD
  • 6,668 SF
  • Air Conditioning
  • Car Charging Station

Los Angeles Multifamily for Sale - East Hollywood/Silver Lake

Eric Dilanian and The Dilanian Real Estate Advisors of RE/MAX Commercial & Investment Realty are pleased to present a rare 2018 construction 6-unit investment opportunity ideally situated between Silver Lake, Echo Park, Koreatown, and Rampart Village. This offering includes one unit delivered vacant at the close of escrow, providing immediate flexibility for investors or owner-users. The property is comprised of three modern duplex structures featuring townhome-style units with an excellent mix of (2) 3 Bed & 2.5 Bath Units, (2) 3 Bed & 2 Bath Units, and (2) 2 Bed & 1.5 Bath Units. Total building size (per builder) is ±8,547 SF, title reads ±6,668 SF, situated on ± 7,385 SF of land. Each unit is separately metered for all utilities and features stainless steel appliances, balconies, and in-unit washer/dryers. The property includes driveway gates on both Rosemont Ave and Roselake Ave, security camera system, and EV charging stations, and (12) parking spaces, offering modern convenience and safety for residents. This beautiful turnkey investment delivers strong day-one income with minimal landlord responsibilities and low maintenance, making it ideal for both seasoned investors and first-time multifamily buyers. The property’s central location provides easy access to some of Los Angeles’ most desirable and vibrant neighborhoods. Disclosure: Buyer to conduct any/all due diligence including but not limited to the legal building square footage, lot size, legal bedroom/bathroom count, parking count, unit mix, year built, zoning and market rents, utility metering. DO NOT DISTURB TENANTS OR WALK ON PROPERTY - DRIVE BY ONLY.

Contact:

RE/MAX Commercial & Investment Realty

Property Subtype:

Apartment

Date on Market:

2025-11-03

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More details for 429 N K St, Needles, CA - Land for Sale

& River Rd - 429 N K St

Needles, CA 92363

  • Investment Property
  • Land for Sale
  • $7,802,103 CAD
  • 15.22 AC Lot

Needles Land for Sale - San Bernardino Outlying

BUILD YOUR LEGACY WHERE THE DESERT MEETS THE RIVER | Hidden Gem Between the Colorado River & Golf Course | Resort Living, Trophy of the Tri-State Area! Final Tract Map #20478 Approved | 57 Single-Family Homes and RV Pads in a Gated Subdivision with River & Golf Course Views + Private Access to the Public Rivers Edge Golf Course. Discover RiverLux Resort, a 15.22± acre city-approved development spanning seven parcels overlooking both the Colorado River and Rivers Edge Golf Course. With PUD and C-2 Commercial Zoning, and City-Approved Airbnb | BTR Short-Long Term Rentals, this property offers unmatched flexibility for luxury residential development, a rare opportunity to create a luxury resort community, a glamping destination, or a high-end mixed-use property designed for recreation and investment. Imagine your next project steps away from the river, golf course, and recreation hotspots. Positioned (~500ft) off the Colorado River, (~1/8 mile) from Needles Marina and (~1.29 miles) from Jack Smith Park, two boat ramps, and within reach of Lake Havasu (~40 minutes south), Topock (~10 miles south), Pirates Cove (~10 miles south), and Laughlin (~29 minutes north). The high-visibility commercial site sits at the heart of the Tri-State’s growth corridor. Enjoy the unique advantage of private, direct access to the golf course. Perfect for: Gated residential community, Resort or boutique hospitality, Drive-thru, or mixed-use development. Agent and their representatives are not responsible for the accuracy of these claims.

Contact:

Preferred Home Brokers

Property Subtype:

Commercial

Date on Market:

2025-11-03

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More details for 3400 W Avenue M8, Lancaster, CA - Land for Sale

4.5 Acres in Prime Quartz Hill/West Lancaster - 3400 W Avenue M8

Lancaster, CA 93536

  • Investment Property
  • Land for Sale
  • $376,417 CAD
  • 4.54 AC Lot

Lancaster Land for Sale - Antelope Valley

Over 4.5 acres in prime Quartz Hill/West Lancaster! Excellent opportunity to purchase a sizable corner lot within Lancaster's ''semi-rural'' luxury corridor, a neighborhood of million-dollar custom homes and multiple gated communities. This property sits at the northeast corner of Ave M-8 and 35th west. On the southwest corner of this intersection are the highly regarded Pulte homes, in which multiple homes have traded at over $900,000 in recent months. Immediately west of this property, a developer recently submitted a 32-lot tract proposal to the city. The zoning in this area is believed to allow for 2 homes per acre, which would mean that this property could potentially provide for 8 half-acre lots, and 16 units could be built on those 8 lots with the new ADU laws. Given this potential, this property may be perfect for a custom or tract home builder. There is currently strong demand for luxury new homes in the Antelope Valley. All utilities are believed to be available nearby for connection. By virtue of having street frontage, there is no need for easements or building access roads, which is the case for some of the land parcels in this area. A church may also be a nice possibility for this property with its corner lot location within a quiet area. Lastly, this property may also be well-suited to someone looking for an oversized lot to build a sprawling custom estate with ample room for a tennis court, horse facilities, guest houses, etc. Typical custom home lots in this area are 2.5 acres, so this property provides more size while being similarly priced to the 2.5 acre lots. The overall location is unbeatable, as it is situated amongst custom mansions, luxury housing tracts, and gated communities. The 4.5 acres provide this property with significant versatility for a variety of projects. This property presents a rare opportunity to acquire a large piece of this desirable area, with frontage on 2 streets, at the attractive price of $275,000. Don't miss out!

Contact:

Castlestone Properties, Inc.

Property Subtype:

Residential

Date on Market:

2025-11-02

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More details for 200 S Avenue 59, Los Angeles, CA - Multifamily for Sale

Highland Cove - 200 S Avenue 59

Los Angeles, CA 90042

  • Investment Property
  • Multifamily for Sale
  • $8,349,619 CAD
  • 19,001 SF
  • Air Conditioning
  • Pool

Los Angeles Multifamily for Sale - Glendale

The Kanner Group is pleased to present 200 S Avenue 59, a 2-story, 28-unit value-add multifamily investment opportunity with 42%+ income upside potential, nestled at the top of a quiet cul-de-sac on a charming tree-lined street comprised primarily of single-family homes. Located in an ultra-prime pocket of Highland Park, one of Northeast Los Angeles’ most desirable submarkets, the property sits just one block south of the bustling Figueroa Street retail corridor and north of the 110 Freeway, providing ideal proximity to the neighborhood’s premier dining, shopping, and entertainment amenities. Constructed in 1963, the 19,001 SF building comprises 22 (1+1), 5 (2+1), and 1 (3+1) units averaging approximately 678 gross SF. The property rests on an oversized 34,216 SF LARD2-1-HPOZ-zoned lot, offering investors excellent ADU potential. The charming Mid-Century courtyard-style design includes a central pool and patio area surrounded by generous open space and separate storage/garage structures that could be converted into a gym, rec room, or creative amenity space. The parking area provides 35 individual spaces at the front of the property. Current ownership has thoughtfully reimagined the exterior, embracing the property’s original Mid-Century aesthetic through a stylish repaint and refreshed landscaping that enhances its curb appeal while accentuating distinctive architectural features such as decorative breeze blocks and floating staircases. Recent capital improvements include upgraded electrical house panels, a newly remodeled pool-adjacent deck offering a welcoming communal seating and gathering area, re-plastered and retiled pool, installation of new split-system HVAC units in many apartments, enhanced exterior lighting, and a resurfaced parking lot. There is also strong potential to privatize select unit patios for added tenant appeal. Sixteen of the units have been tastefully renovated with open-concept floor plans, engineered hardwood flooring, modern fixtures, stainless-steel appliances, quartz countertops, updated cabinetry, new blinds, and beautifully appointed bathrooms. Additional amenities include on-site gated parking, A/C, and a renovated community pool for residents. 200 S Avenue 59 places residents within walking distance of Highland Park’s most beloved destinations—including Highland Park Bowl, Civil Coffee, HomeState Tacos, Kinship Yoga, Hermon Park, Gold Line Bar, Checker Hall, and Triple Beam Pizza as well as numerous boutique shops, galleries, and nightlife options. Residents also enjoy close proximity to Ernest E. Debs Regional Park and other neighborhood green spaces offering hiking trails, tennis courts, basketball courts, and abundant outdoor recreation opportunities. The property is also within walking distance of the Metro Gold Line Highland Park Station and offers quick access to the 110 Freeway, connecting residents to Downtown Los Angeles, Pasadena, and the Tri-Cities employment centers within minutes. Surrounded by vibrant retail corridors and green spaces, Highland Park has emerged as one of Los Angeles’ most progressive and rapidly transforming neighborhoods, attracting a strong demographic of creative professionals and long-term renters seeking style, culture, and convenience. With its prime location, significant rental upside, and recent capital improvements, 200 S Avenue 59 is well-positioned for a skilled value-add investor to continue implementing a high-end renovation program to optimize market rents, maximize appreciation, and generate strong future returns.

Contact:

The Kanner Group

Property Subtype:

Apartment

Date on Market:

2025-11-01

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