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More details for 238 Bicknell Ave, Santa Monica, CA - Multifamily for Sale

Ocean Park Fourplex | Owner-User or Investor - 238 Bicknell Ave

Santa Monica, CA 90405

  • Investment Property
  • Multifamily for Sale
  • $2,836,841 CAD
  • 2,369 SF

Santa Monica Multifamily for Sale

Lucrum Group presents The Bicknell Residences, a value-add multifamily investment opportunity located in the Ocean Park neighborhood of Santa Monica, offering significant upside potential for an investor seeking to reposition and stabilize a well-located coastal asset. This property is being sold pursuant to a court-supervised partition process and is subject to court confirmation. The property is a duplex per public-record; four units onsite. Buyer to verify legal status and permits. Originally constructed in 1920 and classified as a duplex per public record, the property currently operates as a four-unit multifamily asset. The improvements retain elements of classic Santa Monica character, including original wood siding and traditional architectural features, providing a strong foundation for thoughtful renovation and repositioning. The Asset The property consists of approximately ±2,369 square feet of improvements situated on a ±6,006 square foot lot and features a unique unit mix: + 1 Two-Bedroom + One Bath with office + 1 One-Bedroom + One Bath + 1 One-Bedroom + One Bath with utility room + 1 One-Bedroom + One Bath with den Two of the units have undergone light renovations, while the remaining units present an opportunity for interior upgrades and repositioning to market rents. The lower units benefit from both front and rear access, enhancing privacy and functional flexibility. Operational upside remains largely untapped, with a meaningful gap between current performance and market potential. Two of the units are currently underperforming relative to market levels, creating a clear path to increased income through turnover, renovation, and improved management. The property presents a compelling opportunity to acquire a coastal asset with a meaningful gap between current income and stabilized performance. Two units are currently occupied by ownership and may be delivered vacant or continue occupancy at market rent, subject to final confirmation. This presents flexibility for both owner-user buyers and investors seeking to accelerate repositioning. Additional income potential exists through the activation of ancillary revenue streams. The property includes four detached private garages currently utilized by ownership, providing an opportunity to generate income through parking or storage. A shared laundry area is in place and may be converted to a revenue-generating system. The property is master metered for water and separately metered for gas and electricity. Each unit is equipped with its own hot water heater. The lot also includes an underutilized rear patio area adjacent to the garage structure, which may offer potential for future ADU development, subject to buyer verification. Opportunities of this scale are increasingly limited within Ocean Park, where strong tenant demand, coastal proximity, and constrained supply continue to support long-term appreciation and income growth. *Duplex per public record; four units on site. Buyer to verify legal status and permits. The Bicknell Residences is located in the Ocean Park neighborhood of Santa Monica, one of the Westside’s most desirable coastal communities. The property is situated just moments from the beach and the vibrant Main Street corridor, offering convenient access to dining, boutique retail, and everyday neighborhood amenities. Ocean Park is known for its walkability, coastal lifestyle, and strong tenant demand, attracting a highly educated and well-compensated renter base. The neighborhood blends laid-back beach culture with a refined residential environment, supporting long-term rental durability and premium positioning within the market. Residents benefit from proximity to major lifestyle and entertainment destinations, including the Santa Monica Pier, Downtown Santa Monica, the Third Street Promenade, and Abbot Kinney Boulevard in Venice. Connectivity is supported by immediate access to Lincoln Boulevard, Pico Boulevard, Santa Monica Boulevard, and the I-10 freeway, providing efficient access to major employment hubs including Century City, Beverly Hills, Westwood, Culver City, and Downtown Los Angeles. The property is also positioned within the broader Silicon Beach corridor, with access to major employers such as Snap Inc., Amazon, Google, Hulu, and YouTube, further reinforcing demand from high-income renters. Ocean Park remains a supply-constrained submarket with limited multifamily inventory and high barriers to entry, supporting long-term appreciation and consistent investor demand. Location Highlights: + Prime Ocean Park location moments from the beach and the vibrant Main Street corridor + Highly walkable neighborhood with access to dining, retail, and lifestyle amenities + Strong renter demographics supported by high-income tenant base + Proximity to major employment hubs across the Westside + Access to Santa Monica Pier, Third Street Promenade, and Abbot Kinney Boulevard + Excellent connectivity via Lincoln Boulevard, Pico Boulevard, Santa Monica Boulevard, and the I-10 freeway + Supply-constrained coastal submarket with limited multifamily inventory + Long-term demand drivers supported by coastal location and lifestyle appeal

Contact:

Lucrum Real Estate Group | Equity Union

Property Subtype:

Apartment

Date on Market:

2026-04-02

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More details for 4200 Coulter Ln, Shingle Springs, CA - Land for Sale

Latrobe Ranch - 4200 Coulter Ln

Shingle Springs, CA 95682

  • Investment Property
  • Land for Sale
  • $1,773,912 CAD
  • 160.25 AC Lot

Shingle Springs Land for Sale - El Dorado

This is a 1200sf 2-3 bed 2 bath house on 160 acres. Great investment for finishing the parcel split and developing the lots in an area of 3,000-4,000sf homes on 20-40 acre lots selling at $1-2M. Per county, the existing home can be treated as an ADU and another home built on the property. (Buyer to verify.) A parcel split to portion the 160 acres into four 40 acre lots has a tentative map approval and improvement plans for the required road approved. The buyer could build the road, finish the final accounting with the county for the split, and sell off the adjoining parcels. Or buyer could just post a bond to build the road later, finalize the split, sell the parcels, and build the road later with a little of the funds from the sold parcels. Seller will provide all information and plans for the split, buyer to verify. Comparable properties for the resulting lots after the split are selling in Latrobe and Shingle Springs: Two adjoining 40 acre parcels are selling for $450,000 (MLS 225151948) and $365,000 (MLS 225140942) (the second is a bankruptcy sale and the road is rough and unpaved, so it's lower than market price would be for 4200 Coulter) and a 40 acre parcel on nearby Settler's Trail also listed at $450,000 was just in escrow and now back on the market (MLS 226028796). 5520 Mother Lode Drive, Placerville (MLS 226000278) is about the same distance as 4200 Coulter from El Dorado Hills. This is a fixer on 40 acres: 1166sf, 2-3 bed, 1 bath, not remodeled like 4200 Coulter. Listed at $900,000 and pending after only 6 days on market. While the owner doesn't have a formal written estimate for the road cost, one road contractor gave a rough figure for it to cost around $350,000. The remaining county fees are negligible compared to the road cost. Buyer to verify all estimates during escrow investigation period. For more information, including a 360 property walk and map on Google Earth, please visit our homepage at LatrobeRanch.com.

Contact:

Hoekstra Real Estate

Property Subtype:

Residential

Date on Market:

2026-04-01

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More details for 6902 Vesper Ave, Van Nuys, CA - Multifamily for Sale

6902 Vesper Ave

Van Nuys, CA 91405

  • Investment Property
  • Multifamily for Sale
  • $4,236,103 CAD
  • 13,122 SF
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More details for 45564 30th St E, Lancaster, CA - Industrial for Sale

LANCASTER WAREHOUSE - 45564 30th St E

Lancaster, CA 93535

  • Investment Property
  • Industrial for Sale
  • $922,434 CAD
  • 1,680 SF
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More details for 4300 S Western Ave, Los Angeles, CA - Multifamily for Sale

SELLER FINANCING / PRIME LOS ANGELES DUPLEX - 4300 S Western Ave

Los Angeles, CA 90062

  • Investment Property
  • Multifamily for Sale
  • $1,270,121 CAD
  • 5,702 SF

Los Angeles Multifamily for Sale - Inglewood/South LA

BELOW MARKET SELLER FINANCING AT ONLY 4% FIXED INTEREST ONLY!!! 4300 S. Western Ave is located along the Western Avenue corridor in South Los Angeles, one of the city’s primary north–south commercial arteries connecting South Los Angeles with Mid-City, Koreatown, and Downtown Los Angeles. The property sits on Western Avenue, a heavily traveled corridor lined with neighborhood retail, service businesses, schools, and public transit routes. The site consists of two separate residential buildings totaling approximately 2,712 square feet on a 5,785 square foot C2-zoned lot. The property includes on-site parking and frontage directly along Western Avenue, providing strong visibility and convenient access for residents and visitors. The surrounding neighborhood is densely populated and supported by a large base of local amenities. Grocery stores, restaurants, schools, and neighborhood services are located along Western Avenue and the nearby commercial corridors of Vernon Avenue, Martin Luther King Jr. Boulevard, and Slauson Avenue. Public transportation is easily accessible, with multiple Metro bus lines running along Western Avenue connecting the area to Downtown Los Angeles and other employment centers. The property is less than two miles from the University of Southern California (USC) and within a short commute to Downtown Los Angeles, Exposition Park, and several major employment hubs throughout Central Los Angeles. In addition to the existing residential improvements, plans are available for a 29-unit apartment development, presenting an opportunity for future multifamily redevelopment. The location benefits from strong population density, with over 50,000 residents within a one-mile radius and more than 450,000 residents within three miles, supporting long-term housing demand. 4300 S. Western Ave offers a flexible opportunity for an owner-occupant, investor, or developer seeking an infill property in a central South Los Angeles location with both existing residential improvements and long-term redevelopment potential.

Contact:

KW Commercial SoCal

Property Subtype:

Apartment

Date on Market:

2026-04-01

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More details for 2745 S Fremont Ave, Alhambra, CA - Multifamily for Sale

Prime Alhambra Parking-Rich 7-Unit - 2745 S Fremont Ave

Alhambra, CA 91803

  • Investment Property
  • Multifamily for Sale
  • $2,980,173 CAD
  • 4,046 SF
  • Air Conditioning
  • 24 Hour Access
  • Smoke Detector

Alhambra Multifamily for Sale - Western SGV

CHANG INVESTMENT GROUP is proud to present the opportunity to purchase 2745 S Fremont Ave, Alhambra, a 7 units multifamily investment property situated in a highly desirable pocket of Alhambra, in the heart of the San Gabriel Valley. The property benefits from exceptional accessibility to major thoroughfares including Valley Blvd and the I-10, I-710 and SR-60 freeways, placing residents within minutes of premier dining, retail, Cal State LA, and employment hubs throughout Alhambra, Monterey Park, and Downtown Los Angeles. The property has demonstrated stable in-place income with long-term tenants, offering investors immediate cash flow with the opportunity to organically increase rents to market over time. Currently there are three (3) vacant units, allowing investors to upgrade the units and lease up at premium market rent. Additionally, the layout and lot configuration may present ADU potential (buyer to verify), providing a clear path to further increase income and overall asset value. With a total building size of ±4,046 SF sitting on a ±8,919 SF lot, the asset consists of 7 well-maintained units with an efficient unit mix of six (6) 1 Bed / 1 Bath, and one (1) 2 Bed / 1 Bath. Each unit is thoughtfully designed and benefits from two (2) dedicated parking spaces (garage + driveway)—a rare and highly desirable amenity that significantly enhances tenant appeal and retention. The buildings are well-maintained featuring: wood and tile flooring, copper plumbing, private storage units, private patio (for the 2-bedroom unit). The onsite laundry room generates additional income. With its combination of prime location, strong rental fundamentals, parking-rich configuration, and future upside, 2745 S Fremont Ave represents an ideal acquisition for both seasoned investors and those seeking a stable long-term hold in a high-demand rental market. Investment Highlights • Prime Alhambra Location - Centrally located near Valley Blvd with convenient access to major retail corridors, dining destinations, and the I-10, I-710 and SR-60 freeways • Strong Unit Mix – Six (6) 1 Bed / 1 Bath, and One (1) 2 Bed / 1 Bath • Stable Cash Flow - Consistent occupancy with long-term tenants providing reliable in-place income • Rental Upside Potential - Three (3) vacant units, allowing investors to upgrade the units and lease up at premium market rent • Two (2) Parking Spaces Per Unit - Each unit includes garage + driveway parking—a rare amenity that drives tenant demand and premium rents • ADU Potential (Buyer to Verify) - Additional income opportunity through future accessory dwelling unit development • High-Demand Rental Submarket - Located in the San Gabriel Valley, one of the most resilient multifamily markets in Los Angeles County Note: Buyer to verify all information herein. Broker/Agent and Seller do not guarantee its accuracy. Cap rate & GRM are based on proforma/market rent.

Contact:

Chang Investment Group

Property Subtype:

Apartment

Date on Market:

2026-04-01

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More details for 1495 Peterson Ave, Long Beach, CA - Multifamily for Sale

10.9 GRM on Current Rents - 1495 Peterson Ave

Long Beach, CA 90813

  • Investment Property
  • Multifamily for Sale
  • $8,940,519 CAD
  • 19,568 SF
  • Air Conditioning
  • Private Bathroom
  • Kitchen
  • Smoke Detector

Long Beach Multifamily for Sale - Long Beach: Suburban

1495 Peterson Avenue is a turn-key 24-unit multifamily asset located in the established Poly High submarket of Long Beach, a centrally positioned rental corridor with strong and consistent tenant demand. The property features a well-balanced unit mix of nineteen (19) 1BD/1BA units, two (2) 2BD/1BA units, and three (3) 3BD/1BA units. All units have been fully renovated including new kitchens, bathrooms, flooring, and windows. Significant capital improvements have been completed at the property, including a new roof (2019), updates to electrical and plumbing systems, and completed seismic retrofitting. The asset benefits from separately metered and an in-place RUBS program, supporting expense recovery and improved operating efficiency. Additional income is generated through on-site laundry facilities and thirteen (13) garages. New ownership has the ability to triple current garage income immediately with no additional modifications or investment. The garages also present the opportunity for ADU conversion for increased rental income. Located in the heart of Long Beach, the Poly High submarket offers convenient access to major employment and transportation nodes, including California State University Long Beach, Long Beach Airport, the Metro A Line, and the 405, 710, and 91 freeways. The area is characterized by a high renter-occupied population (approximately 85%) and has experienced approximately 25% rent growth since 2019, underscoring its durability as a workforce housing market. Further supporting the area’s long-term outlook, Long Beach Polytechnic High School is currently undergoing a $405 million campus modernization, reflecting continued public investment and enhancing the submarket’s overall appeal.

Contact:

Stepp Commercial - KWPE

Property Subtype:

Apartment

Date on Market:

2026-04-01

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More details for 1166 E 64th St, Los Angeles, CA - Multifamily for Sale

1 UNIT VACANT! - 1166 E 64th St

Los Angeles, CA 90001

  • Investment Property
  • Multifamily for Sale
  • $1,128,208 CAD
  • 1,952 SF
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More details for 1352-54 Imperial Beach Blvd, Imperial Beach, CA - Multifamily for Sale

1352-54 Imperial Beach Blvd

Imperial Beach, CA 91932

  • Investment Property
  • Multifamily for Sale
  • $1,390,740 CAD
  • 2,276 SF
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More details for 4655 33rd St, San Diego, CA - Multifamily for Sale

4655 33rd St

San Diego, CA 92116

  • Investment Property
  • Multifamily for Sale
  • $3,973,564 CAD
  • 4,968 SF
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More details for 2045 Emerson St, Berkeley, CA - Multifamily for Sale

2045 Emerson St

Berkeley, CA 94703

  • Investment Property
  • Multifamily for Sale
  • $2,128,695 CAD
  • 3,270 SF
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More details for 4 Georgia Court, Lancaster, CA - Land for Sale

Olympia Commons - 4 Georgia Court

Lancaster, CA 93534

  • Investment Property
  • Land for Sale
  • $422,901 CAD
  • 1.81 AC Lot
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More details for 235 Linden Ave, Long Beach, CA - Multifamily for Sale

Prime East Village Arts District - 235 Linden Ave

Long Beach, CA 90802

  • Investment Property
  • Multifamily for Sale
  • $5,392,694 CAD
  • 9,029 SF
  • 24 Hour Access
  • Controlled Access
  • Kitchen
  • Smoke Detector

Long Beach Multifamily for Sale - Long Beach: Downtown

235–237 Linden Avenue is an 18-unit multifamily asset located in Long Beach’s East Village Arts District, a walkable and supply-constrained Downtown submarket supported by consistent renter demand and proximity to employment, transit, and lifestyle amenities. The property features a balanced unit mix of nine (9) studios and nine (9) one-bedroom/one-bath units, providing an efficient unit mix aligned with prevailing demand in the area, as evidenced by 100% occupancy (as of March 2026). Originally constructed in 1913, the building retains its character exterior while offering fully renovated interiors across all units. The seller has invested approximately $275,000 in capital improvements including roofing upgrades, unit renovations, keyless entry for all units, and exterior enhancements. The completion of renovations positions the asset as a stabilized, low-deferred-maintenance investment with limited near-term capital requirements, allowing for more predictable operations relative to comparable vintage properties. The property is situated in a highly walkable location, with a 98 Walk Score and 91 Bike Score, placing residents within immediate access to Downtown Long Beach’s dining, retail, and entertainment corridors. The East Village Arts District continues to maintain stable occupancy and rent performance, driven by its distinct identity, concentration of local businesses, and connectivity to the broader Downtown employment base. From an investment perspective, 235–237 Linden Avenue is best suited for investors seeking a renovated, operationally stable asset in an established urban infill location. A new owner has the opportunity to increase cash flow through the implementation of RUBS. The offering also qualifies for attractive financing at 5.05%.

Contact:

Stepp Commercial - KWPE

Property Subtype:

Apartment

Date on Market:

2026-03-30

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More details for 1671-1673 Missouri St, San Diego, CA - Multifamily for Sale

1671-73 Missouri St - 1671-1673 Missouri St

San Diego, CA 92109

  • Investment Property
  • Multifamily for Sale
  • $3,441,390 CAD
  • 3,164 SF
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More details for 5260-5262 Rex Ave, San Diego, CA - Multifamily for Sale

5260-5262 Rex Ave

San Diego, CA 92105

  • Investment Property
  • Multifamily for Sale
  • $5,818,433 CAD
  • 10,725 SF
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More details for 9015 Owensmouth Ave, Canoga Park, CA - Multifamily for Sale

9015 Owensmouth Ave

Canoga Park, CA 91304

  • Investment Property
  • Multifamily for Sale
  • $7,322,711 CAD
  • 24,500 SF
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More details for 21737 Eucalyptus Ave, Moreno Valley, CA - Land for Sale

21737 Eucalyptus Ave

Moreno Valley, CA 92553

  • Investment Property
  • Land for Sale
  • $5,108,868 CAD
  • 2.69 AC Lot

Moreno Valley Land for Sale - Moreno Valley/Perris

Prime Location major offramp I-215 Eucalyptus Ave, Moreno Valley Investment Highlights • Prime location I-215 offramp Eucalyptus Ave with strong traffic counts • High visibility corner lot 2.69 acres. Value-add opportunities through redevelopment • Located in a growing market within Moreno Valley • Less than 5 miles from UC Riverside Campus and March Air Reserve Base • Opportunity for owner-user or investor. Long-term appreciation in a growing corridor • The property currently features an existing 2-bedroom 1 bath single family residence along with additional on-site structures, offering flexibility for interim use, rental income during the planning, and approval process PROPERTY OVERVIEW This property is strategically located along a major corridor in Moreno Valley, offering excellent exposure and accessibility. The site is well-suited for a variety of commercial, multifamily, retail and office-related developments, including professional offices, medical uses, and supporting neighborhood services. Its proximity to major thoroughfares and surrounding residential, commercial, retail and industrial growth further enhances its long-term development potential. Site is ideally positioned, directly across from the Newly Built Gated Community, Villa Camille Apartments, a modern multifamily complex built in around 2017 comprised of approximately 112 units. This proximity provides strong residential density, enhancing the property’s long-term value and potential. The site is well-suited for along with many other developments and uses • Apartment Units, Condos, Senior Complex, single family-multi family • Day care, Retail stores, storage, Fitness Center, Wellness Studios • Restaurants / cafés (usually limited, no heavy drive-thru) • Professional office buildings (medical, dental, legal, financial) • Corporate or administrative offices, Business parks / office campuses • Clinics and outpatient medical services. Government or institutional offices • The property is currently zoned (OC) Office Commercial. Some developments may require Conditional Use Permit (CUP). Prospective buyers are advised to independently verify all permitted uses and development standards with the City and consult with their professional advisors regarding their specific intended use. The surrounding area consists of a mix of apartments, residential neighborhoods, retail centers, and commercial developments, providing a steady customer base and strong traffic flow. LOCATION AND MARKET OVERVIEW Area Highlights • Rapid population growth in Moreno Valley and surrounding Inland Empire markets • Proximity to major freeways including CA-60 and I-215 • Strong demographics with increasing household income and density • Nearby national retailers and service businesses driving consistent traffic • Minutes away from Moreno Valley Mall, Costco, Best Buys, Walmart Super Center, WinCo, Macys, JC Penney, Many other Retail Centers, Restaurants • High commuter population. Increasing vehicle ownership • This creates a favorable environment for both owner-operators and investors seeking stable cash flow opportunities

Contact:

C21 Commercial | Masters

Property Subtype:

Commercial

Date on Market:

2026-03-27

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More details for 3209 Descanso Dr, Los Angeles, CA - Multifamily for Sale

3209 Descanso Dr

Los Angeles, CA 90026

  • Investment Property
  • Multifamily for Sale
  • $5,108,868 CAD
  • 10,559 SF
  • 24 Hour Access
  • Controlled Access
  • Kitchen
  • Smoke Detector

Los Angeles Multifamily for Sale - East Hollywood/Silver Lake

The Neema Group of Marcus & Millichap is pleased to present 3209 Descanso Drive, a 17-unit apartment community located in the Silver Lake neighborhood of Los Angeles, located on the corner of Descanso Dr and Larissa Dr, just off of Sunset Blvd. Ownership has completed recent common area capital improvements such as new entrance stairs, exterior paint, new fence, new access control video intercom system and wall heater replacement for select units. There is also RUBS in place, and a common area laundry room with two washers and two dryers. The property consists of nine singles, seven one-bedrooms, and one two-bedroom ADU in the basement that is currently under construction and is scheduled to be completed in May 2026. Many units have undergone interior renovations including luxury vinyl plank flooring, new paint, lighting fixtures, stainless steel appliances, tile bathrooms, and custom cabinetry. Within walking distance to neighborhood restaurants, retail, and entertainment venues along Sunset Blvd—including Pine & Crane, Bacari Silver Lake, Intelligentsia Coffee, and Erewhon Market—the property provides convenient access to surrounding Silver Lake amenities. The asset features a Walk Score of 96 (“Walker’s Paradise”), allowing residents to accomplish most daily errands without a vehicle, and is one mile from the Metro Red rail line and steps to multiple Metro local lines on Sunset Blvd. There is strong existing cash flow with the property being offered at a 6.49% CAP rate and 9.68 GRM on current income. Silver Lake continues to attract a mix of young professionals, creatives, and families drawn to its neighborhood feel and concentration of restaurants, boutiques, coffee shops, and entertainment along the Sunset corridor.

Contact:

Marcus & Millichap

Property Subtype:

Apartment

Date on Market:

2026-03-26

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More details for 500-508 N Alexandria Ave, Los Angeles, CA - Multifamily for Sale

Mostly 2 BR Units | Near Larchmont Village - 500-508 N Alexandria Ave

Los Angeles, CA 90004

  • Investment Property
  • Multifamily for Sale
  • $2,164,173 CAD
  • 4,608 SF
  • Air Conditioning
  • 24 Hour Access
  • Controlled Access
  • Kitchen
  • Smoke Detector

Los Angeles Multifamily for Sale - East Hollywood/Silver Lake

Marcus & Millichap is pleased to announce the opportunity to purchase 500-510 N Alexandria Avenue, a seven-unit multifamily property located in Los Angeles, CA. Nestled between the trendy Larchmont Village and Virgil Village neighborhoods, just north of bustling Koreatown, the property allows tenants convenient access to many of Los Angeles’ most recently improved areas. Silver Lake, Sunset Junction, and Echo Park are just east of the buildings, while the high-end Los Feliz neighborhood sits north of the property. A new ADU was completed in 2025, generating a substantial income stream by attracting higher-paying tenants with its brand new finishes. Garage parking for four vehicles is another rare amenity in this dense residential neighborhood that helps attract new tenants to the building. Neither building appears on the Los Angeles Department of Building and Safety’s seismic retrofit list (Buyer to verify), saving a new owner from what would otherwise be a costly capital expenditure. Residents enjoy convenient access to the 101 Freeway, while the Metro Red Line is accessible via the nearby Vermont/ Beverly station. With LA Live and the neighboring Crypto.com Arena, Los Angeles Convention Center, and nearby Los Angeles Coliseum scheduled to host events in the 2028 Summer Olympics, the entire local area stands to benefit from upcoming infrastructure improvements and an influx of capital to the area.

Contact:

Marcus and Millichap

Property Subtype:

Apartment

Date on Market:

2026-03-26

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More details for 3246 3rd Ave, San Diego, CA - Multifamily for Sale

3244-3246 3rd Ave - 3246 3rd Ave

San Diego, CA 92103

  • Investment Property
  • Multifamily for Sale
  • $2,263,512 CAD
  • 1,725 SF
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More details for 3765 Herman Ave, San Diego, CA - Multifamily for Sale

3765 Herman Avenue - 3765 Herman Ave

San Diego, CA 92104

  • Investment Property
  • Multifamily for Sale
  • $2,057,738 CAD
  • 2,098 SF
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More details for 609 Corwin Ave, Glendale, CA - Multifamily for Sale

609 Corwin Ave

Glendale, CA 91206

  • Investment Property
  • Multifamily for Sale
  • $2,121,599 CAD
  • 2,230 SF
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More details for 8441 Grand View dr, Los Angeles, CA - Land for Sale

8441 Grand View dr

Los Angeles, CA 90046

  • Investment Property
  • Land for Sale
  • $566,233 CAD
  • 0.41 AC Lot
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More details for 1429 Havenhurst Dr, West Hollywood, CA - Multifamily for Sale

18-Unit Weho Trophy Asset- 5.45% Cap - 1429 Havenhurst Dr

West Hollywood, CA 90046

  • Investment Property
  • Multifamily for Sale
  • $6,953,737 CAD
  • 13,824 SF
  • 24 Hour Access
  • Controlled Access
  • Kitchen
  • Smoke Detector

West Hollywood Multifamily for Sale

Chateau Marmont Adjacent Trophy Asset | Only $272K Per Door | 2.76% IO Assumable Financing Rare opportunity to acquire an 18-unit West Hollywood apartment community just steps from the iconic Chateau Marmont, offered at only $272,000 per unit and $354 per square foot. This fully occupied asset delivers an attractive 5.45% in-place cap rate and 13.6 GRM, with a projected 8.6% proforma cap rate and 9.0 GRM through strategic renovations and operational enhancements. Even more compelling, the property features an exceptional 2.76% interest-only assumable loan through 2030 at approximately 50% loan-to-value, creating immediate positive leverage and the potential for 10%+ cash-on-cash returns in today's high-interest-rate environment. We are pleased to present 1429 N. Havenhurst Drive, a premier multifamily investment opportunity located in one of Southern California's most prestigious and supply-constrained rental markets. Situated on a quiet, tree-lined street moments from the Sunset Strip, Melrose Avenue, and Beverly Hills, the property offers investors immediate scale in a highly sought-after location characterized by affluent demographics, exceptional walkability, and long-term rent growth. Built in 1957, the property consists of a desirable mix of spacious one- and two-bedroom residences featuring abundant natural light, efficient floor plans, and classic mid-century architecture. Ownership has meticulously maintained the asset, which benefits from beautiful landscaping, strong curb appeal, completed seismic retrofitting, and brand-new dual-pane windows throughout—significantly reducing future capital expenditure requirements. From a value-add perspective, the investment thesis is outstanding. Investors have the opportunity to renovate interiors and capture substantial rental upside while preserving strong in-place cash flow. Additionally, the property may accommodate up to seven ADUs (Buyer to Verify), increasing the unit count by nearly 40% and creating a significant long-term value creation opportunity. Residents enjoy immediate access to West Hollywood's world-class dining, entertainment, nightlife, and retail amenities, while remaining minutes from major employment centers serving the entertainment, media, technology, and creative industries. This unmatched location continues to attract a deep pool of high-income renters, supporting strong occupancy and sustained rental demand. With 100% occupancy, below-market assumable financing, proven cash flow, significant rental upside, ADU potential, and irreplaceable West Hollywood positioning, 1429 N. Havenhurst Drive represents one of the most compelling multifamily investment opportunities currently available in Los Angeles. Investment Highlights 18 Units | 100% Occupied Only $272,000 Per Door Only $354 Per Square Foot 5.45% In-Place Cap Rate 8.6% Proforma Cap Rate 13.0 GRM In-Place | 9.0 GRM Proforma 2.76% Interest-Only Assumable Loan Through 2030 Approximately 50% LTV Financing Potential 10%+ Cash-on-Cash Returns Potential for Up to 7 ADUs (Buyer to Verify) Completed Seismic Retrofit Brand New Windows Throughout Steps from Chateau Marmont, Sunset Strip & Melrose

Contact:

Marcus & Millichap

Property Subtype:

Apartment

Date on Market:

2026-03-25

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