Santa Cruz Multifamily for Sale - Greater Santa Cruz

100% occupied for the last 25 years. Excellent rental and income history, with rent increases scheduled for April 2026 (see proforma numbers). The 13 apartments sit on two parcels favorably Zoned R-M with over 13,808.52 sq. ft; with seventeen marked parking spaces. Located on a major bus line, close to Santa Cruz Beach Boardwalk, Municipal Wharf and the downtown village of Santa Cruz. One (1) mile to Highway 17 and CA Highway 1 (PCH). These two (2) parcels could be developed to increase height and number of units according to city planning department. Parcel one APN 010-551-29 is 7,797.24 sq. ft. Parcel two APN 010-551-30 is 6,011 sq. ft. This "Lower Ocean"neighborhood screams development and is going through a Renaissance period has beed and is going forward. We have other listings in this neighborhood: 338 Ocean St. zoned R-L a Victorian duplex on 17,076 sq. ft. lot. 433 Ocean St. Commercial corner lot, 80 rooms Hotel Solares, Santa Cruz , 319 Jessie St. zoned R-L * call Paul

Property Subtype:

Apartment

Date on Market:

2026-01-07

Los Angeles Multifamily for Sale - Mid-Cities

7509–7521 S Broadway presents an opportunity to acquire a high-yielding asset in South Los Angeles at a newly adjusted basis that is difficult to replicate in today’s market. Offered at just $147 per square foot and $157,875 per unit, the property delivers a strong 7.35% cap rate and 7.87 GRM from day one, providing immediate cash flow with clear upside potential. The revised pricing creates a compelling entry point for investors seeking both stability and long-term growth in a market where well-priced deals are getting real traction. Beyond the in-place income, the property offers a clear path to further value creation through the potential addition of ADUs. With SB1211, a buyer can explore the opportunity to add up to eight units by utilizing the existing parking area, significantly increasing both income and overall asset value. Based on conservative assumptions, a fully executed ADU strategy could drive the property to a 5.96 GRM and an 11.36% cap rate. Positioned along the South Broadway corridor, the asset benefits from consistent rental demand, access to major transit routes, and ongoing investment throughout South Los Angeles, supporting both near- term performance and long-term appreciation.

Property Subtype:

Apartment

Date on Market:

2026-01-05

Los Angeles Multifamily for Sale - East Hollywood/Silver Lake

***Lowest priced duplex on the market in Silver Lake --- view the marketing package for on-market & sales comparables*** 2243 India St presents an opportunity to acquire a character-rich duplex in one of Silver Lake's most desirable residential pockets, now offered at $1,175,000 following a $220,000 price reduction. At its current pricing, the property stands as the lowest priced duplex on the market in Silver Lake, positioning it below competing inventory in the immediate area.Positioned north of Sunset Blvd and adjacent to the heart of Atwater Village, the property sits within a quiet, architecturally diverse enclave of hillside and Craftsman-era homes, many of which command multi-million-dollar values, while remaining just a short walk from the Silver Lake Reservoir. Residents are also moments from the Glendale Blvd corridor, home to a curated mix of independent cafs, wine bars, and neighborhood restaurants, as well as Silver Ridge Plaza, anchored by Whole Foods and daily-use retail.Built in 1931, the Spanish-style property consists of (2) townhouse-style residences, each configured as a 2-bdrm. and 2-bath unit averaging approx. 1,350+ SF. The ground level of each residence includes a living room, dining area, kitchen, bedroom, and full bathroom, while the upper level is dedicated to a primary suite with additional office or flex space and an en-suite bathroom. The layout creates separation between living areas and private space, a feature that continues to resonate with both owner-users and long-term tenants.Interior finishes include a combination of wood and tile flooring, granite kitchen countertops, and updated bathroom finishes that maintain the property's original character while supporting modern use. The configuration makes 2243 India particularly well suited for buyers seeking flexibility, whether occupying one unit while leasing the other or accommodating multi-generational living.The property is further enhanced by substantial rear yard space, providing outdoor separation between the main structure and a detached garage building. At the rear of the lot sits a detached structure with (2) one-car garages, offering future value-add potential through garage conversion or the addition of accessory dwelling units above the existing footprint, subject to buyer verification.At $1,175,000, 2243 India combines a Silver Lake location north of Sunset, townhouse-style layouts averaging over 1,300 SF, and pricing that now sits below competing duplex inventory in the immediate area. The positioning reflects both the scale of the units and the location within one of the Eastside's most established residential pockets.

Property Subtype:

Multi Family

Date on Market:

2026-01-05

Victorville Multifamily for Sale - Mojave River Valley

Exceptional Multifamily Opportunity in Victorville! Don’t miss this rare chance to own a versatile multi-unit property ideal for owner-occupants, investors, or multigenerational living. This property offers three separate living spaces, each with privacy and strong rental potential. The main residence is a spacious two-story 5-bedroom, 3-bath home featuring a large open-concept layout perfect for modern living. Enjoy generous living areas filled with natural light and a large kitchen with ample counter space and storage—ideal for entertaining and everyday functionality. Adding tremendous value is a separate 2-bedroom, 1-bath ADU with 720 square feet, with its own private entrance and indoor washer and dryer hookups, making it perfect for rental income or extended family. Completing the property is a 1-bedroom studio unit with 465 square feet of open living space, a full bathroom, and indoor washer and dryer connections—a rare and highly desirable feature for tenants. The property is equipped with solar panels, helping reduce utility costs and increase long-term savings. Whether you’re looking to live in one unit and rent the others, expand your investment portfolio, or accommodate extended family, this Victorville property delivers flexibility, income potential, and value all in one. A must-see multifamily opportunity with built-in income potential.

Property Subtype:

Apartment

Date on Market:

2026-01-02

Van Nuys Multifamily for Sale - Eastern SFV

Located at 14206 Calvert St in Van Nuys, this vacant 5-unit multifamily building presents a rare RTI opportunity for a 5-unit expansion to act as 9 units, including conversion of units and the addition of an ADU. Two of the top-floor 1+1 units have already been tastefully upgraded (photos shown), with permits fully pulled for conversion of the remaining three units and the addition of three more (including the ADU). Once complete, the property is projected to achieve a 9.38% Cap Rate. Situated near major transportation corridors and job hubs, and surrounded by rapid development, this property is ideal for investors looking to maximize yield through intelligent repositioning. With all plans RTI and the property delivered vacant, you can start construction immediately and capture rental upside in one of the San Fernando Valley's most active submarkets.Potential ARV (Resale Value) after Upgrades/ADU @ 6% Cap $3,075,000 OR Refi Out Most of Your Capital After Upgrades/ADU$2,080,000

Property Subtype:

Apartment

Date on Market:

2026-01-02

Palos Verdes Estates Multifamily for Sale - Beach Cities/Palos Verdes

Pride of Ownership is what you will find with this beautiful 8-unit income property that is located in one of the most prestigious neighborhoods in LA, Malaga Cove, in the heart of Palos Verdes Estates! Income properties like these rarely come on the market (only 26 multi-family properties are available in Palos Verdes) and even more rare is finding one in this completely remodeled condition and location! The property is adjacent to the Malaga Cove Library and steps away from the Malaga Cove Plaza and the beach. This beautiful coastal community is an upscale area that overlooks the ocean reminiscent of the South of France. You will find stunning multi-million dollar homes on the peninsula, a highly rated school district and an enclave that attracts celebrities to live and play in this beautiful community! 2404 and 2412 Via Campesina are made up of two 4-unit properties being sold together as one. They consist of eight 1 Bedroom 1 Bath units with upside in rents with a total rentable living area of 6,278 sq ft on a massive combined 14,406 sq ft lot. Current ownership has invested over a half a million dollars into the property since purchased and has made it a pride of the cove. As we have seen, opportunities to own a trophy property like this don't come around everyday! Also, keep in mind with Assembly Bill 1211 that went into effect on Jan. 1st, 2025, ADU allowances are now allowed on multifamily zoned properties. The bill permits up to eight detached ADUs, as long as the number does not exceed the existing units within the property and allows ADUs to be built in existing uncovered parking areas without requiring off-street replacement parking. DO NOT DISTURB TENANTS!! https://vimeo.com/1051738088/2f770f6835 Copy and paste the link above to see the video of the amazing beauty of the property and neighborhood Email Gulshen and Deborah for OM and financials

Property Subtype:

Apartment

Date on Market:

2026-01-01

Laguna Beach Retail for Sale - Laguna Niguel/Laguna Beach

Located in the heart of Laguna Beach’s Village District, this property offers a unique investment opportunity with multiple income streams. The two commercial leases generate $6,000 per month, totaling $72,000 annually, while the Airbnb rental produced $120,221.33 last year. Just steps from Cleo Beach, the property sits 100 yards from Ralphs and shares an alley with The Deck and Driftwood Kitchen—two of Laguna’s most iconic beachfront restaurants. It’s also a short distance from the Main Beach and downtown. The Airbnb unit is a stylish 2-bedroom, 1-bath retreat that sleeps six. Guests enjoy modern amenities, including: Bedrooms: Both feature king-size beds, 43” TVs, and dressers. A queen air mattress is available upon request. Climate Control: Equipped with a mini-split AC and heating system, a rare luxury in Laguna Beach. Kitchen: A gourmet eat-in space with stainless steel appliances, granite countertops, a 6-burner gas range, and double ovens—perfect for entertaining. Living Area: A spacious sectional sofa, and a 65” Samsung TV make it an ideal place to unwind after a day at the beach. Parking: A covered carport fits one car.

Property Subtype:

Storefront Retail/Office

Date on Market:

2025-12-28

Isleton Specialty for Sale - Outer Sacramento County

Delta Paradise Island is a rare mixed-use waterfront property featuring approximately 145 boat slips, most of which are covered, situated on a private 9.09+ acre island along the California Delta Loop on the Mokelumne River. Set in a park-like environment, the island offers breathtaking Delta views and is widely regarded as one of the most naturally sheltered marinas, surrounded by deep, fast-moving water. The marina includes 114 covered or enclosed slips and 31 open slips, rebuilt docks and flotation, air-lift docks, water to every other slip, and power throughout (110V to slips 30’ and under; 110V/30-amp to 40’ slips and end ties). Additional amenities include guest docks, overnight berthing, a harbormaster’s office, and a secondary office building. Improvements include two two-story homes, one with stunning waterfront views and a two-car garage, a full-service boat repair operation, dry storage (short- and long-term), three restrooms with showers, and a large deck overlooking the Delta. The island also offers valuable waterfront land ready for future development, including potential enclosed dry boat and RV storage, valet storage for up to 200+ units, park-model vacation rentals, or expanded marine uses.Ideally located just minutes by water to restaurants & fuel docks.

Property Subtype:

Marina

Date on Market:

2025-12-23

Chico Land for Sale

Property Subtype:

Residential

Date on Market:

2025-12-22

Los Angeles Multifamily for Sale - East Hollywood/Silver Lake

Step into the personal enclave of a celebrity designer, now available for sale and ready to impress. Tucked away in the hills of Echo Park (Elysian Heights), this one-of-a-kind compound is a true entertainer’s paradise, offering captivating city views, curated interiors, and a seamless indoor-outdoor flow. The property is comprised of 2 structures split into 3 parts. The main house spans approximately 3000sf and features 3 bedrooms and 2 bathrooms, with the entire upper level dedicated to a luxurious primary suite complete with spa-like bath, generous closets, and a private patio overlooking the city skyline. The heart of the home is a warm and sophisticated open-concept living area where the custom wood-clad kitchen, dining room, and lounge open directly onto a sprawling outdoor deck, perfect for hosting under the stars. A gazebo-style cabana completes the setting, adding a touch of resort-like ambiance. Two additional bedrooms are thoughtfully placed on the main level, offering comfort and style. Below the main residence is an independently accessed studio space, ideal for a home office, creative studio, gym, or guest quarters. A separate structure (duplex) features 2 reimagined units meticulously remodeled to the highest standards. The upper unit boasts 2 bedrooms, 1 bath and the open layout presents a cozy living and dining space, complete with a built-in TV and soaring vaulted ceilings, harmoniously integrated with a well appointed kitchen adorned with stone countertops and stainless steel appliances. The spa-like zen bathroom is a masterpiece of relaxation, featuring a spacious standalone rain shower and an elegant clawfoot tub. Bathed in natural sunlight, the home promotes an indoor/outdoor living ethos, accentuated by three expansive outdoor patios ideal for unwinding and hosting gatherings, with expansive views of Echo Park and the DTLA skyline. The lower unit referred to as the "Gucci Suite" boasts 1 bedroom, 1 bath and is a ideal pied-a-terre for those seeking to enjoy a peaceful retreat from the daily hustle and bustle or as a creative space. Key features for both units include energy-efficient recessed LED lighting, luxurious white oak hardwood flooring, a convenient on-site washer & dryer, private off-street parking, and central HVAC controlled by a Nest smart home system. This versatile property is perfect for an owner user as the main home will be delivered vacant and for those seeking a solid income property the numbers pencil out. The main house is currently leased out at $11,350/month and the duplex is fully occupied; the upper unit generates $5,250/month and the lower unit generates $3,000/month. Total gross monthly income is $19,600. With high-design finishes and a special ambiance that can’t be replicated, this compound delivers an elevated living experience and strong rental income in one of LA’s most quintessential hillside enclaves with a strong upside.

Property Subtype:

Apartment

Date on Market:

2025-12-18

Los Angeles Multifamily for Sale - Glendale

OPEN HOUSE THIS SUNDAY 2/15 FROM 12-3PM! The perfect hillside Northeast LA "house hacking" opportunity - WITH VIEWS! 3 units for the price of a single-family home in the area! The vacant (1Br+1Ba) unit has incredible views from all large windows and has been completely remodeled inside. It feels spacious and features new LVP flooring and paint throughout, recessed lighting, new heat and AC, a new kitchen cabinets and bathroom, extensive storage in the bathroom, and it has an adorable dining area with a view right off the kitchen. It has two entrances and private patio. The remodel of the owner's unit includes stainless appliances, marble look / quartz countertops, tile and glass tile backsplash, and a workstation ledge kitchen sink. The bathroom has mosaic floor tile and complimentary mid - century modern style tile throughout the bathroom, as well as a new tub shower combo, floating vanity sink, and bathroom mirror with integrated LED lighting. The unit is ready to move in, just bring furniture! The property also includes two well-maintained (Jr1Br+1Ba) apartments that are currently tenant-occupied and generating a total of $4,529 per month in income to help pay the mortgage. The property sits on a street-to-street lot in Mt. Washington, just a short distance to local favorites including Loquat Coffee, Barra Santos, 1802 Roasters, Café Antonietta, Taqueria Frontera, Dunsmoor, ROAM LA Yoga, and other beloved local staples. With quick and easy access to Division St, Cypress Ave and Figueroa, the property is near the LA River bike path, Rio de Los Angeles State Park & Rec Center, and more. Easy access to I-5, the 2, and 110s Freeways. This property is ideal for an owner-user but works great as an investment! Listed at under 13 GRM and a 5.92% CAP Rate!

Property Subtype:

Apartment

Date on Market:

2025-12-18

Hawthorne Multifamily for Sale - Hawthorne/Gardena

The CREM Group is pleased to exclusively present 13304–13308 Roselle Avenue, a 12-unit apartment complex located in Hawthorne, CA. The property consists of two adjacent six-unit buildings situated on separate parcels totaling 11,550 square feet of land with a combined building area of approximately 6,861 square feet. The unit mix is composed entirely of one-bedroom, one-bathroom units. Both buildings are individually metered for gas and electricity, and the property provides 22 total parking spaces, along with two on-site laundry rooms. Built in 1986, the property is subject only to the statewide rent control provisions of AB 1482 and is exempt from the Los Angeles Rent Stabilization Ordinance (RSO). The buildings benefit from consistent occupancy and additional rental upside through continued renovation and rent adjustments. Given the oversized double lot and ample parking, there is also potential for the addition of accessory dwelling units (ADUs) to enhance long-term income and property value. Listing broker is also serving as the court-appointed referee for the sale of the property. The sale is subject to court confirmation and may be subject to overbid. Broker makes no representations or warranties regarding the condition, history, or compliance status of the property and shall not be responsible for inspections, repairs, reports, or retrofit requirements prior to closing. Prospective buyers are advised to conduct their own independent investigations and due diligence to satisfy themselves as to all aspects of the property.

Property Subtype:

Apartment

Date on Market:

2025-12-18

Stockton Multifamily for Sale

Outstanding high–cash-flow investment opportunity on a large lot. This well-located income property offers three separate rental units with strong in-place income and immediate upside for investors seeking positive day-one cash flow. The property includes a detached single-family residence at 1506 Berkeley Ave (Unit A) featuring 3 bedrooms, 2 bathrooms, and approximately 1,000 sq ft. Additionally, the two-story building at 1217 E. Harding Ave consists of a lower unit (Unit B) with 2 bedrooms, 2 bathrooms, and approximately 780 sq ft, plus a separately rented upper-level studio, creating multiple income streams on one parcel. Recent improvements include a new roof, reducing near-term capital expenses. The property is occupied by reliable, long-term tenants who pay on time, supporting consistent cash flow. Additional amenities include a private yard and a 1-car garage, further enhancing tenant appeal and retention. Centrally located near shopping, public transportation, and major commuter routes, this property is well-positioned for sustained rental demand. Current scheduled gross income is $63,600 annually, resulting in a GRM of approximately 11.14. With strong in-place rents, multiple units, and favorable metrics, this property is well-suited to deliver positive cash flow from day one under most financing scenarios. Listing Courtesy of Rajesh Jindal Compass Lic #02073243

Property Subtype:

Apartment

Date on Market:

2025-12-17

Stockton Multifamily for Sale

Price reduced—presenting a renewed opportunity to enhance your ROI with this well-maintained duplex. This attractive investment property features two spacious 2-bedroom, 2-bathroom units, each with a 2-car garage plus two additional off-street parking spaces per unit. The roof is less than 10 years old, helping minimize near-term capital expenditures. Both units are currently tenant-occupied on month-to-month leases, renting at $1,500 and $1,600 per month, generating $37,200 in annual gross income and a current GRM of 12.5. There is clear value-add potential. Market research supports a fair market rent of approximately $1,652 per month. With allowable increases, projected rents of $1,615 and $1,652 could reasonably be achieved within 60 days of close, increasing annual income to $39,204 and improving the GRM to approximately 11.86. Conveniently located near shopping, dining, and local businesses, this property offers strong long-term tenant demand. Ideal for investors seeking stable cash flow with upside, owner-occupants looking to offset housing costs, or buyers focused on long-term equity growth. Listing Courtesy of Vanessa L. Peralta Alliance Bay Realty Lic# 01877440

Property Subtype:

Apartment

Date on Market:

2025-12-17

Pasadena Multifamily for Sale

Sale for both 405 and 411-417 N Euclid (TOTAL 15 units): Prime 15-units near Old Town Pasadena, High CAP Rate, 2 Separate Lots, Large lot size, most units Fully Upgraded, Buyer Can Build Additional 5 units (by right and before any bonus density). Growth Investment Group California is proud to offer 405 and 411 N Euclid Ave, a very attractive 15-unit semi value-add investment property only several blocks north of Old Town Pasadena. These 2 properties offering provides a very attractive going-in ACTUAL CAP Rate of 5.35% and Proforma CAP Rate of over 6.30%. It sits on large RM-36 zone lot which should allow additional 5 units (buyer to verify). The properties consist of 411-417 N Euclid Ave which is a 10-unit single story mid-century modern style apartment, and 405 N Euclid Ave, a 5-unit (2 are brand new ADUs) 2-story craftsman style apartment. The property offers strategic location near the Old Town Pasadena, and Rose Bowl area. 411-417 N Euclid is a single story 10 units apartment. The property was built in 1950 and has been completely renovated with permits in 2022-2023. It consists of 3 single-story buildings and situated on a large ±11,627sf R3 lot. The property has been completely renovated with permits (9 out of 10 units are fully upgraded), and offers an efficient mix of nine 1bedrooms, and one studio unit. Each unit is unique to its vaulted ceiling layout with most units having its private patio. All the upgraded units have undergone a top-to-bottom renovation with full electrical and plumbing upgrades (plumbing upgrade in unit), new high durability wood vinyl and tile flooring in bathroom, new windows throughout, in-unit combo washer/dryer, state of the art mini-split HVAC systems, new kitchen with quartz kitchen countertop and new kitchen cabinets and stainless-steel kitchen appliances (gas range, dishwasher, and refrigerator), and new bathrooms with new vanities, toilets, bathtubs, and name brand fixtures. 411-417 N Euclid units are unique due to its high ceiling and many charming characters such as higher ceiling and large kitchen. 405 N Euclid consists of a charming 2 story bungalow building (3 units) and a brand-new back building that consist of 2 new ADUs (COO in February 2025). It is situated on a large ±11,630 SF lot. It offers an excellent unit mix of ONE (1) x 3bed+2bath, one (1) x 2bedroom+1bathroom, and three (1) x 1bedroom+1bathroom unit. Due to its configuration, it will be very easy for the new owner to convert the 1bedroom unit into a 2bedroom unit (buyer to verify). The 2 new ADU units were built in 2025 (COO scheduled around February 2025) and may be exempt from any rent control ordinance (buyer to verify). 405 N Euclid ground floor unit has a high ceiling. The 2nd floor 2bedroom unit is larger with additional “large den” area that is being used as tenant’s private office, large kitchen with separate dining room and breakfast counter, and an under-utilized attic space. Each of the two-bedroom unit has large private patio in the back. None of the units have been upgraded which provides blank canvas opportunities for creative new owner to put their own personal touch into each unit. The exterior upgrades include a new entry gate, new parking gate, new exterior paint, completely redone landscaping, and new windows blinds. Both properties have a shared driveway that’s located on 405 N Euclid side. Parking is provided by 20 open space parking (some are tandem) – no parking soft story retrofit is required. The property does not have any balcony so it may not require any SB721 inspection (Buyer to verify). The exterior upgrades include a new entry gate, new parking gate, new exterior paint and signage, completely redone landscaping, updated electrical, and much more!

Property Subtype:

Apartment

Date on Market:

2025-12-16

Los Angeles Land for Sale - Koreatown

Fixer and redevelopment opportunity. Property is currently vacant.

Property Subtype:

Residential

Date on Market:

2025-12-15

San Diego Multifamily for Sale - Uptown East

PRICE REDUCTION! Extensively renovated immaculate detached SFR home + duplex (3 total units) + garage. 1 parcel South of Adams Ave in stunning University Heights, San Diego. LARGE 2BR/1BA detached home with modern upgrades. Rear duplex has been substantially renovated as well. Long term owner who has taken pristine care of this beautiful asset. ADU Geeks Feasibility Study available to qualified buyers. Potential to build 4 additional units in large central courtyard. Zoned CC-3-4.

Property Subtype:

Apartment

Date on Market:

2025-12-15

Los Angeles Multifamily for Sale - Mid-Cities

Exceptional Income Property Prime Location Near Exposition Park & USC! This high-performing investment gem offers impressive income potential with a strong cap rate exceeding 9.4%. Fully upgraded from top to bottom, the property boasts a new electrical panel, upgraded plumbing, fresh exterior paint, and a fully inspected roof ensuring durability and minimal maintenance for years to come. Inside, every unit has been beautifully remodeled with modern finishes, updated electrical and plumbing systems, sleek kitchens, stylish bathrooms, and new flooring throughout, making this a true turnkey opportunity. With units occupied, investors can enjoy immediate, steady cash flow and strong long-term returns. Featuring a desirable unit mix of six, one 3-bedroom unit, four 2-bedroom units, and one single unit(ADU), this property appeals to a wide range of tenants and offers excellent rent diversification. Its prime location near major employers, schools, shopping, and transportation hubs drives consistent demand and high occupancy. Whether you're a seasoned investor or expanding your portfolio, this is a rare opportunity to own a low-maintenance, high-yield asset in one of LA's most desirable growth areas. Don't miss out on properties like this, they move fast! Please see attached OM.

Property Subtype:

Apartment

Date on Market:

2025-12-15

Los Angeles Multifamily for Sale - Koreatown

SVN is pleased to present the Victory House Student Housing, a value-add investment opportunity located at 668 W 28th St, Los Angeles, CA 90007. This 30-bedroom property sits in the heart of USC's student housing community, just 0.5 miles from the main University Park campus. Situated along USC’s iconic Fraternity Row, Victory House benefits from its premier location within the USC DPS security patrol zone, making it an attractive and secure option for students. Originally built in 1906, the property was extensively renovated in 2022 (approximate) with 2 new ADU addition and has since been in service as a student housing project, achieving 100% occupancy from the inception of the student housing conversion. The property offers a total building size of 12,269 SF, on a 11,247 SF lot (per previous appraisal completed in 2021). For reference, title shows a total of 10,829 Building SF, (Buyer to verify). Victory House’s prime location, combined with the ever-increasing demand for affordable student housing in Los Angeles, presents a rare and compelling investment opportunity.

Property Subtype:

Apartment

Date on Market:

2025-12-15

Los Angeles Land for Sale - Hawthorne/Gardena

Kingside Investment Group is proud to present a development offering consisting of two adjacent parcels located at 503 W. Athens Boulevard (90044) and 12127 S. Figueroa Street (90061) in South Los Angeles. Together, the sites total 27,206 square feet of R3-1 zoned land with 4,753 square feet of existing improvements, making this a compelling redevelopment or long-term hold opportunity. The building in the rear of the parcel is a 5 unit apartment building consisting of two (2) 1-bed/1-bath units and three (3) 2-bed/1-bath units. Per zimas the units are not subject to rent control but the buyer will have to verify this fact. In the front of this building there is also a garage space that was converted to a motel office that could be a great play for an ADU. The units are not habitable in present condition but can be restored if needed. The front building is an old motel. This structure has no fixtures in it and has been vacant for many years. This likely is a tear down which makes this a unique opportunity to renovate a few units in the back and build a new structure in the front. The combined purchase price is $1,199,000, reflecting a blended land basis of approximately $44.16 per square foot. Both parcels are ED1-eligible sites, offering the potential for an expedited entitlement and approval process, which can significantly reduce development timelines and execution risk. With R3-1 zoning, minimal improvement value, and strong assembly fundamentals, the property is well positioned for a multifamily or affordable housing development. For the construction inclined buyer it could also be a reuse of the existing structure.

Property Subtype:

Residential

Date on Market:

2025-12-15