Commercial Real Estate in Los Angeles available for sale
Los Angeles Investment Properties For Sale

Investment Properties for Sale in Los Angeles, CA, USA

More details for 136 W 82nd St, Los Angeles, CA - Multifamily for Sale

136 W 82nd St

Los Angeles, CA 90003

  • Investment Property
  • Multifamily for Sale
  • $1,251,138 CAD
  • 2,288 SF
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More details for 308 Pasadena Ave, South Pasadena, CA - Multifamily for Sale

20-u Value-add So Pas, No Local Rent Control - 308 Pasadena Ave

South Pasadena, CA 91030

  • Investment Property
  • Multifamily for Sale
  • $9,157,386 CAD
  • 14,348 SF
  • Air Conditioning
  • Private Bathroom
  • 24 Hour Access
  • Pool
  • Smoke Detector

South Pasadena Multifamily for Sale - Pasadena

20-unit Value-add in South Pasadena (NO LOCAL Rent Control), Walk to Arroyo Seco Golf Course and Mission Street Downtown District, Prime Large R3 Lot with ADU Potential, South Pasadena School District, Exceptional Demographics. Growth Investment Group California is proud to present 308-310 Pasadena Ave, a premier 20-unit value-add investment opportunity in the highly coveted city of South Pasadena. Renowned for its high barriers to entry and exceptionally limited multifamily inventory, South Pasadena offers investors a rare chance to acquire a substantial footprint in a top-tier Southern California submarket with No Local Rent Control (under CA AB1482). Strategically located a block from the Arroyo Seco Golf Course and within walking distance to the vibrant Mission Street Downtown District, the property provides tenants with unparalleled access to premium shopping, dining, and community amenities along Mission Street and Fair Oaks Avenue. The surrounding area boasts exceptional demographics, including an average household income exceeding $178,928 within a one-mile radius, and falls within the prestigious South Pasadena Unified School District. Built in 1953, this distinct Mid-Century Modern garden-style community features a well-manicured front lawn and strong curb appeal. The 9,990 SF building rests on an expansive 21,008 SF R3-zoned lot, presenting significant potential for future ADU development. It has a sparkling and fenced swimming pool, and offers a highly desirable unit mix consisting of two (2) 2-bedroom/1-bathroom unit and eighteen (18) 1-bedroom/1-bathroom units. Each unit has individual water heater. The fully upgraded units have new flooring throughout, new kitchen with new cabinets and quartz countertops, new bathroom with tiled wall, and so much more. Current ownership has successfully proven the value-add concept by fully upgrading 15 units with high-end finishes, including new flooring, modern kitchens and bathrooms, and dual-pane windows throughout. The remaining five classic units provide a clear and actionable path for the new owner to capture significant rental upside. The property is gated, separately metered for electricity and gas, and includes 20 on-site parking spaces in the rear, alongside a seller-owned community laundry facility. LOCATION AMENITIES & ACCESS Strategically situated on a quiet stretch of Pasadena Ave just off Mission St, the property offers a highly walkable, community-centric lifestyle. Residents are mere steps from the Mission Street Downtown District and the Arroyo Seco Golf Course, and just minutes from the Fair Oaks Avenue Retail District, City Hall, and all the premier amenities South Pasadena has to offer. The location also provides excellent regional connectivity via the nearby 110 Freeway, making the commute to Downtown Los Angeles seamless. Furthermore, world-class destinations such as Old Town Pasadena, the South Lake Avenue District, the Pasadena Playhouse District, and Huntington Hospital are all just a short drive away.

Contact:

Growth Investment Group California

Property Subtype:

Apartment

Date on Market:

2026-03-11

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More details for 14524-14530 Dickens St, Sherman Oaks, CA - Multifamily for Sale

The Dickens Residences - 14524-14530 Dickens St

Sherman Oaks, CA 91403

  • Investment Property
  • Multifamily for Sale
  • $2,776,442 CAD
  • 3,870 SF
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More details for 3641 Durfee Ave, El Monte, CA - Multifamily for Sale

3641 Durfee Ave

El Monte, CA 91732

  • Investment Property
  • Multifamily for Sale
  • $6,123,480 CAD
  • 9,906 SF
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More details for 1316 S Union Ave, Los Angeles, CA - Multifamily for Sale

2 Unit DTLA - 1316 S Union Ave

Los Angeles, CA 90015

  • Investment Property
  • Multifamily for Sale
  • $1,670,040 CAD
  • 2,900 SF
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More details for 805 S Olive Ave, Alhambra, CA - Multifamily for Sale

4 Units on 2 Parcels - No local Rent Control! - 805 S Olive Ave

Alhambra, CA 91803

  • Investment Property
  • Multifamily for Sale
  • $2,198,886 CAD
  • 2,750 SF
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More details for 2010 S Harcourt Ave, Los Angeles, CA - Multifamily for Sale

2010 S Harcourt Ave

Los Angeles, CA 90016

  • Investment Property
  • Multifamily for Sale
  • $1,496,078 CAD
  • 3,472 SF
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More details for 816 Westmount Dr, Los Angeles, CA - Multifamily for Sale

816 Westmount Dr

Los Angeles, CA 90069

  • Investment Property
  • Multifamily for Sale
  • $9,533,145 CAD
  • 22,800 SF
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More details for 807-809 N Fuller Ave, Los Angeles, CA - Multifamily for Sale

807-809 N Fuller Ave

Los Angeles, CA 90046

  • Investment Property
  • Multifamily for Sale
  • $3,200,910 CAD
  • 3,994 SF
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More details for 338 Linden Ave, Long Beach, CA - Multifamily for Sale

Del Rio - 338 Linden Ave

Long Beach, CA 90802

  • Investment Property
  • Multifamily for Sale
  • $6,610,575 CAD
  • 9,098 SF
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More details for 412 N Ardmore Ave, Los Angeles, CA - Multifamily for Sale

412 N Ardmore Ave

Los Angeles, CA 90004

  • Investment Property
  • Multifamily for Sale
  • $3,757,590 CAD
  • 5,384 SF
  • Air Conditioning
  • Kitchen

Los Angeles Multifamily for Sale - East Hollywood/Silver Lake

412 Ardmore presents a rare opportunity to acquire a newer-construction fourplex in one of Hollywood’s most consistently high-demand rental pockets. The property consists of two standalone, three-story duplex structures, delivering a highly desirable low-density configuration that resonates strongly with today’s renters. The unit mix includes one 2-bedroom / 1.5-bath unit, one 3-bedroom / 2.5-bath unit, one 3-bedroom / 3.5-bath unit, and one 4-bedroom / 3.5-bath unit, totaling approximately 5,320 square feet of living area — an uncommon offering of larger, highly functional layouts for the submarket. Built to modern standards, the asset offers the features investors prioritize: no rent control, separately metered units for gas, water, and electricity, and minimal maintenance obligations relative to older Hollywood inventory. The contemporary construction, efficient layouts, and strong curb appeal continue to support robust tenant demand and premium rental positioning. Centrally located, the property sits just minutes from Paramount Studios, Raleigh Studios, trendy Larchmont Village, upscale Hancock Park, Koreatown, and, of course, all of the entertainment, retail, and lifestyle amenities that define Hollywood. This exceptional accessibility further enhances tenant appeal and long-term rental stability. Opportunities to secure a newer asset with these fundamentals in such a supply-constrained submarket are extremely limited. With its combination of location, condition, and investor-friendly characteristics, 412 Ardmore stands out as a high-quality multifamily investment well positioned for durable income and long-term appreciation.

Contact:

IREA

Property Subtype:

Apartment

Date on Market:

2026-03-07

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More details for 1534 S Shenandoah St, Los Angeles, CA - Multifamily for Sale

1534 S Shenandoah St

Los Angeles, CA 90035

  • Investment Property
  • Multifamily for Sale
  • $8,343,242 CAD
  • 15,326 SF

Los Angeles Multifamily for Sale - West Los Angeles

1534 Shenandoah presents a well-maintained Westside asset with strong in-place financials and clear upside potential. The property offers an attractive 5.76% going-in cap rate, supported by ownership's consistent track record of raising rents and executing tasteful unit renovations upon turnover. A new owner can continue this proven strategy to further enhance income. Additional NOI growth is available through the continued rollout of a utility bill-back program, currently implemented in 13 of the 20 units (65%), allowing for the gradual transfer of utility costs to tenants as units turn. The property also benefits from a highly desirable and diversified unit mix of eleven 1-bedroom/1-bath units, five 2-bedroom/2-bath units, three 1-bedroom/1-bath ADUs, and one 0-bedroom/1-bathroom ADU appealing to a broad tenant base and helping stabilize long-term occupancy. Ideally located in the heart of Pico-Robertson, the asset offers central Westside access to major employment hubs including Century City and Santa Monica, while being just one mile from the dining, entertainment, and walkable amenities of Downtown Culver City. The property is further enhanced by convenient on-site parking at the front of the building, a highly desirable amenity for tenants in this dense urban submarket. Please note, the property square footage includes the additional square footage from the four (4) ADU units (Buyer to verify all details related to actual building square footage). The property consists of sixteen (16) regular units and four (4) ADU units.

Contact:

Marcus & Millichap

Property Subtype:

Apartment

Date on Market:

2026-03-06

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More details for 7063 Lanewood Ave, Los Angeles, CA - Multifamily for Sale

7063 Lanewood Ave

Los Angeles, CA 90028

  • Investment Property
  • Multifamily for Sale
  • $6,471,405 CAD
  • 16,926 SF
  • 24 Hour Access
  • Controlled Access
  • Kitchen
  • Smoke Detector

Los Angeles Multifamily for Sale - Hollywood

7063 Lanewood Avenue is a multifamily apartment building located in the heart of Central Hollywood, one of Los Angeles' most transit-rich, high-demand rental submarkets. Situated just steps from the Hollywood/Highland Metro station and within immediate proximity to Hollywood Boulevard, Sunset Boulevard, and the 101 Freeway, the property offers tenants an unmatched combination of walkability, urban convenience, and connectivity to major entertainment, employment, and lifestyle corridors. The surrounding area includes Runyon Canyon, the Hollywood Bowl, and a dense concentration of dining, nightlife, and retail, all of which contribute to sustained, year-round rental demand from a deep and diverse tenant pool. Central Hollywood is characterized by limited developable land, significant barriers to new construction, and a persistently undersupplied rental market — conditions that support long-term rent growth and asset appreciation. The property is an 18-unit Mediterranean-style apartment building comprising approximately 16,926 square feet of improvements on an 8,750-square-foot lot. The unit mix consists of six studio units and twelve one-bedroom / one-bath units — a tenant-friendly configuration well suited to the young professionals, creatives, and entertainment industry workers who drive rental demand in this submarket. The building is fully occupied, providing a stabilized income stream with upside potential as future turnover allows rents to be brought to market over time. With a Walk Score of 95, a premier Hollywood address, and a proven rental profile in a supply-constrained corridor, 7063 Lanewood Avenue represents a compelling opportunity to acquire a well-located, fully leased multifamily asset with long-term appreciation potential in one of Los Angeles' most iconic and consistently in-demand residential neighborhoods.

Contact:

Lyon Stahl Investment Real Estate

Property Subtype:

Apartment

Date on Market:

2026-03-06

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More details for 2117 Stewart St, Santa Monica, CA - Multifamily for Sale

2117 Stewart St

Santa Monica, CA 90404

  • Investment Property
  • Multifamily for Sale
  • $2,734,691 CAD
  • 2,544 SF
  • Kitchen
  • Smoke Detector

Santa Monica Multifamily for Sale

Whether you're looking for your next savvy investment or want to make the most out of your purchase, don't pass up this incredible opportunity inSanta Monica! Situated with easy access to major freeways, the property is just half a mile from Virginia Ave Park and a quick three-mile trip to theiconic Santa Monica Pier. This prime location combines the charm of a quiet neighborhood with the convenience of proximity to the city's vibrantlifestyle offerings. Along a tree-lined street in a prime location, this excellent property features (4) units, each separately metered for gas andelectric. Discover (3) units, 1-bedroom, 1-bath layouts on the main level and (1) large unit, 2-bedroom, 1-bath upstairs. The optimal design allowsyou to secure a quadruple income or live in one while renting the others. Find extensive updates across 3 units, including freshly painted walls, newly installed flooring, stainless steel appliances, and revamped fixtures. You'll also have remodeled baths, along with access to private patiosoverlooking the lush landscaping and mature fruit trees. Convenience is yours with in-unit laundry hookups available. Plus, the 5,600 sq ft propertyaccommodates 4-car garages, an additional 1 parking space, and off-street parking for an additional vehicle. With SMR2 zoning on a triple cornerlot, you'll have plenty of room for expansion or redevelopment options. As a premium bonus, two-car garages occupied by the owner can be addedto the units' income, along with potential income from an ADU or from renting the additional garages. Limitless possibilities await you in this raregem that surely won't last long. So, what are you waiting for?

Contact:

Estate Properties, Intl

Property Subtype:

Apartment

Date on Market:

2026-03-06

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More details for 720 King Ave, Wilmington, CA - Multifamily for Sale

Value-add and ADU opportunity - 720 King Ave

Wilmington, CA 90744

  • Investment Property
  • Multifamily for Sale
  • $1,530,870 CAD
  • 3,977 SF
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More details for 906 E Imperial Ave, El Segundo, CA - Multifamily for Sale

906 E Imperial Ave

El Segundo, CA 90245

  • Investment Property
  • Multifamily for Sale
  • $3,054,782 CAD
  • 4,624 SF
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More details for 11315 Tiara St, North Hollywood, CA - Multifamily for Sale

Fully Renovated & Furnished Units - 11315 Tiara St

North Hollywood, CA 91601

  • Investment Property
  • Multifamily for Sale
  • $3,166,118 CAD
  • 4,350 SF
  • 24 Hour Access
  • Kitchen

North Hollywood Multifamily for Sale

The LAAA Team of Marcus & Millichap is pleased to exclusively offer 11315 Tiara Street, a fully renovated and furnished triplex with a junior accessory dwelling unit in the heart of Mid-Town North Hollywood. Although recently appraised higher, the property is offered for sale at $2,275,000. The property consists of three (3) three-bedroom/two-bathroom units and one (1) one-bedroom/one-bathroom JADU, totaling approximately 4,350 square feet of living space on a 7,000-square-foot lot. All four units are fully furnished with approximately $50,000 in quality furnishings including beds, sofas, dining sets, smart TVs, and full kitchen appliances. Originally constructed in 1926 with additions in 2005, the property underwent a comprehensive renovation starting in 2024 that included a new 400-amp electrical panel with three meters, 13 ductless mini-split HVAC units, full plumbing replacement, and complete interior remodeling. Six building permits have been filed and finalized, effectively delivering brand new systems within an established residential setting. At stabilized full occupancy, the property generates $184,800 in annual gross scheduled rent, with the three-bedroom units commanding $4,200 to $4,350 per month and the JADU at $2,500 per month. All utilities—water, gas, electric, trash and internet—are included in rent, a strategy that supports premium rents and appeals to the mid-term rental demographic of young professionals, traveling nurses, and entertainment industry workers who increasingly populate this submarket. At the offering price of $2,275,000, the property delivers a GRM of 12.3 against a comparable sales average of 15.0, meaning a buyer acquires 18% more income per dollar invested compared to recent comparable transactions. All occupied units are on short-term leases expiring by June 2026, giving a buyer complete flexibility to reposition the property at each turnover. A new investor has the option to continue the furnished mid-term model, convert to traditional unfurnished rentals with tenant-paid utilities or occupy a unit personally. Vacancy decontrol under LA's Rent Stabilization Ordinance (RSO) allows an investor to perform a market-rate reset at each turnover, eliminating concerns about below-market legacy rents. North Hollywood's Mid-Town corridor is positioned for transformative appreciation driven by District NoHo, a $1 billion development delivering 1,500 residential units, and 500,000 square feet of office space at the North Hollywood Metro B Line station, less than one mile from the property. The property's Transit Priority Area designation, LARD2 zoning, and TOC Tier 1 eligibility provide future density bonus options. With all major capital expenditures completed and no deferred maintenance, a buyer can operate immediately with confidence. 11315 Tiara Street is centrally located within the thriving North Hollywood submarket of the City of Los Angeles, specifically in the Mid-Town corridor just east of the North Hollywood Arts District. The neighborhood has undergone substantial revitalization over the past decade, fueled by transit-oriented development, adaptive reuse projects, and sustained demand from entertainment and media professionals.

Contact:

Marcus & Millichap

Property Subtype:

Apartment

Date on Market:

2026-03-04

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More details for 4817-4825 W Slauson Ave, Los Angeles, CA - Multifamily for Sale

Ladera Pines - 6.45% CAP, 10.05 X - 4817-4825 W Slauson Ave

Los Angeles, CA 90056

  • Investment Property
  • Multifamily for Sale
  • $8,698,125 CAD
  • 27,572 SF

Los Angeles Multifamily for Sale - Inglewood/South LA

Lilly Enterprises, Inc. is pleased to present for sale 4817 & 4823-25 W Slauson Ave. in View Park-Windsor Hills of Los Angeles, CA.  The offering consists of 2 apartment buildings (2 APN's) totaling 28 units on a large scale 41,075 SF lot (0.94 acres of land) in unincorporated LAC, adjacent to Ladera Heights.  The property has benefited from a local group of conscientious operators and is professionally managed.  The mix of 1BR/1BA (20) and 2BR/1BA (8) units range from 900 to 1,100 SF.  The 1BR's, which account for 70% of all units, may provide a strong hedge against rental stagnation due to the property being subject to LAC RSO.  With approximately 25% rental upside, new ownership is afforded a path towards a considerable proforma 8.80 CAP / 8.0 X. Additionally, the buildings rear carports may provide significant ADU build-out potential (Buyer to verify).  All units have their own electrical and gas meters.  There is an additional in-house electric meter and a water heater for the on-site laundry room.  In 2018, EQ soft-story retrofit was voluntarily completed for 4817.  The carport roofs for 4823-25 were replaced in 2022.  $75,000 of SB721 work was completed and permitted.  Building amenities include an on-site laundry room, washer/dryer hookups, individual water heaters, wall and floor gas heaters, 22 parking stalls, 18 garaged spaces and a common area courtyard.  Tenants will have nearby access to the Westfield Culver City shopping mall, Howard Hughes entertainment center (HHLA), SoFi Stadium, YouTube Theatre, Intuit Dome, KIA Forum, Hollywood Park Casino and E & K Metro Line stations.  With all of these highlights and more, the offering truly presents an ideal opportunity of operational stability with consistent cash-flow and predictable long-term appreciation in a highly attractive submarket of Los Angeles County.  For investors looking for a high-quality 1031 solution or those simply in acquisition mode, the Slauson buildings will make a strong addition to any investor portfolio. APN #'s 5009-004-013 & 5009-004-014 to be sold together.  Property is not subject to Measure ULA "Mansion Tax".  Property is subject to LAC RSO.  As of March 2026, there are three (3) 1BR/1BA vacancies (2 partially upgraded).  Seller is not opting for a 1031.  Agency is related to Seller.  Please do not walk the property or disturb the tenants.

Contact:

Lilly Enterprises, Inc.

Property Subtype:

Apartment

Date on Market:

2026-03-04

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More details for 122-126 1/2 S Berendo St, Los Angeles, CA - Multifamily for Sale

122-126 1/2 S Berendo St

Los Angeles, CA 90004

  • Investment Property
  • Multifamily for Sale
  • $3,166,118 CAD
  • 5,237 SF
  • Kitchen

Los Angeles Multifamily for Sale - East Hollywood/Silver Lake

Josh Luchs of Kidder Mathews is pleased to present 122 S Berendo Street, a 10-unit multifamily investment opportunity located in the heart of Los Angeles within the highly desirable Koreatown submarket. Situated south of Beverly Boulevard between Normandie Avenue and Vermont Avenue, the property benefits from a premier infill location characterized by strong rental demand, walkability, and convenient access to public transportation and neighborhood amenities. The property features a diverse unit mix consisting of a spacious fully renovated 3-bedroom/2-bath front house with a charming garden area, four singles, four bachelor units, and a newly constructed 1-bedroom/1-bath ADU that is currently vacant. The ADU was thoughtfully converted from the on-site garage, providing immediate income potential or the flexibility for an owner-user component. The front house is individually metered, offering operational efficiency and expense control advantages. 122 S Berendo Street boasts a Walk Score of 92 (“Walker’s Paradise”), allowing residents to accomplish daily errands without a vehicle. The property is approximately a nine minute walk to the Vermont/Beverly Station serving the Metro B Line (Red Line), providing convenient connectivity to Downtown Los Angeles, Hollywood, and the greater metropolitan area. Nearby recreational amenities include Shatto Recreation Center, Lafayette Park, and the South Serrano Avenue Historic District, further enhancing the property’s residential appeal. From an investment perspective, the asset presents significant rental upside in a supply-constrained and high-demand submarket. As units turn over, an investor has the opportunity to reposition rents to market levels and further enhance cash flow. Additionally, ownership has begun implementing a Utility Reimbursement Program (RUBS), with over 60% tenant enrollment to date, creating the ability to recapture a meaningful portion of rising utility expenses and improve operating margins. 122 S Berendo Street represents a compelling value add opportunity for investors seeking a well-located multifamily asset with immediate upside potential, operational efficiencies, and long-term appreciation prospects in one of Los Angeles’ most dynamic rental markets.

Contact:

Kidder Mathews

Property Subtype:

Apartment

Date on Market:

2026-03-04

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More details for 2297 Glendale Blvd, Los Angeles, CA - Multifamily for Sale

Silver Lake | 2 Vacant Homes | R3 Lot - 2297 Glendale Blvd

Los Angeles, CA 90039

  • Investment Property
  • Multifamily for Sale
  • $1,391,699 CAD
  • 1,372 SF
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More details for 608 Westminster Ave, Venice, CA - Multifamily for Sale

608 Westminster Ave

Venice, CA 90291

  • Investment Property
  • Multifamily for Sale
  • $4,731,780 CAD
  • 3,212 SF
  • Air Conditioning
  • Private Bathroom
  • Kitchen

Venice Multifamily for Sale - Marina Del Rey/Venice

A rare coastal compound just blocks from the sand and steps to iconic Abbot Kinney Boulevard, ideally located in the coveted Venice Beach Walk Streets near the Abbot Kinney Corridor. This exceptional triplex offers a compelling blend of architectural character, income potential, and lifestyle flexibility in one of the Westside's most sought-after neighborhoods. The front structure features a well-designed duplex comprised of two spacious two-bedroom, one-bath residences. The lower unit is grounded by warm hardwood floors and refined finishes, opening effortlessly to an expansive private deck and patio retreat a sun-drenched outdoor setting ideal for entertaining, lounging, or dining al fresco. Above, the upper residence is a bright and airy home filled with natural light, offering a peaceful, elevated coastal ambiance.Privately set at the rear, the three-level architectural residence lives like a standalone single-family home. Situated on its own gated portion of the lot, this striking unit offers a private entry yard and a versatile ground-level flex space ideal for a studio, creative office, gym, or potential third bedroom. The upper floors feature two bedrooms and two baths, culminating in a dramatic top-level open-concept living and kitchen space. Rich hardwood flooring, expansive windows, and a private deck create a refined, light-filled environment perfectly suited for an owner-user, creative professional, or those seeking a premier Venice compound. An attached garage with convenient alley access completes the residence. Whether envisioned as a high-performing income property, multi-generational living opportunity, or an owner-occupied investment in a premier coastal enclave, this is a rare chance to secure scale, flexibility, and proximity to the beach in one of Los Angeles' most dynamic neighborhoods.

Contact:

Keyes Real Estate

Property Subtype:

Apartment

Date on Market:

2026-03-03

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More details for 7203 Rubio Ave, Lake Balboa, CA - Multifamily for Sale

Rubio Villas - 7203 Rubio Ave

Lake Balboa, CA 91406

  • Investment Property
  • Multifamily for Sale
  • $14,612,850 CAD
  • 32,777 SF
  • 24 Hour Access
  • Kitchen
  • Smoke Detector

Lake Balboa Multifamily for Sale - Western SFV

The Neema Group of Marcus & Millichap is pleased to present 7203 Rubio Avenue, a high-quality multifamily investment opportunity located in the Lake Balboa neighborhood of the San Fernando Valley. Constructed in 2013, the property consists of 29 residential units and a separately leased on-site office space situated on a prominent corner lot at the intersection of Sherman Way and Rubio Avenue. This offering represents the first time the asset has been brought to market since completion, providing investors the rare opportunity to acquire a modern, institutionally maintained property in a central infill Los Angeles location. The residential component features a well-balanced unit mix of one-, two-, and three-bedroom layouts ranging from approximately 675 to 1,295 square feet. Units are outfitted with contemporary interior finishes, including recessed lighting, luxury vinyl plank flooring, quartz countertops, stainless steel appliances, wood cabinetry, and generous storage. Some of the units have tile throughout the kitchen, living room, and bathroom areas. Seventeen units offer private balconies, and the property includes common area spaces on the third and fourth floors that provide panoramic views of the San Fernando Valley and additional lifestyle appeal. The on-site office space is leased to an insurance firm with a term extending through May 31, 2027, offering stable supplemental income – the space is approximately 1,200 SF and equipped with a kitchen and bathroom, ideal for a potential ADU conversion. Built in 2013, the property is not subject to the Los Angeles Rent Stabilization Ordinance, allowing for greater operational flexibility and long-term income growth. The asset has strong occupancy, demonstrating tenant demand and providing immediate in-place cash flow. At the asking price, the offering is priced at $362,069 per unit and $320 per square foot, reflecting a 5.40 percent capitalization rate and an 12.24 gross income multiplier based on current operations. The property is well equipped with 53 gated ground-floor parking spaces, EV charging stations, a secure intercom-controlled entry system, and security cameras throughout. Utilities are separately metered, including water, which minimizes landlord expense exposure. With little to no deferred maintenance, the asset offers investors a truly turnkey acquisition. Strategically located with convenient access to the 405 and 101 Freeways, the property benefits from proximity to major retail, dining, and employment corridors along Sherman Way, Victory Boulevard, and Balboa Boulevard. Residents enjoy efficient connectivity throughout the San Fernando Valley, including nearby communities such as Encino, Tarzana, Sherman Oaks, and Valley Village. Lake Balboa remains a stable, supply constrained submarket characterized by favorable demographics, consistent renter demand, and a central location, making 7203 Rubio Avenue an attractive long-term investment opportunity in the Los Angeles multifamily market.

Contact:

Marcus & Millichap

Property Subtype:

Apartment

Date on Market:

2026-03-02

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More details for 714 W 40th Pl, Los Angeles, CA - Multifamily for Sale

714 W 40th Pl

Los Angeles, CA 90037

  • Investment Property
  • Multifamily for Sale
  • $960,273 CAD
  • 2,897 SF
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More details for 902-906 S Marengo Ave, Pasadena, CA - Multifamily for Sale

6-unit Madison Heights, 5.25% CAP Class-A Loc - 902-906 S Marengo Ave

Pasadena, CA 91106

  • Investment Property
  • Multifamily for Sale
  • $3,061,740 CAD
  • 3,192 SF
  • Air Conditioning
  • 24 Hour Access
  • Controlled Access
  • Kitchen
  • Smoke Detector

Pasadena Multifamily for Sale

Prime 6-Unit Multifamily in Pasadena's Coveted Madison Heights – Walk Score 86, Steps from ArtCenter College of Design campus, Huntington Hospital, Whole Foods, Old Pasadena, and Metro Gold Line. 5% CAP Rate in an A-Class Location – Fantastic Demographics, Nearby many new Townhomes/Condominiums, 4 car garage prime for 2 ADUs, Many CAPEX Completed. Growth Investment Group California is pleased to present 902 S Marengo Ave, a rare 6-unit multifamily gem in Pasadena's elite Madison Heights neighborhood. This property represents a rare "Value-Add" play in a Class-A location, offering a high 5% CAP rate with significant potential for further appreciation through ADU development and long-term improvements. This garden-style asset sits in an A-location, steps from ArtCenter College of Design, Whole Foods, Shake Shack, and a short walk to Old Pasadena's vibrant scene, the Pasadena Playhouse, and Metro Gold Line. With a Walk Score of 86, Fantastic Demographics of $163k in a-mile radius, and proven appeal to high-caliber tenants (including international ArtCenter students and Caltech professionals), it delivers effortless leasing and superior retention – most units rent to young pros seeking walkable luxury. Built in 1928 (fourplex) and 1956 (duplex) per online permits from city’s website, the 3,192 SF property on a 7,749 SF lot boasts timeless charm: high ceilings, abundant windows, original hardwoods in the front building, plus modern touches like mini-split HVAC, upgraded electrical, and recent exterior paint. Unit mix includes 4 x 1BD/1BA and 2 x large studios. Two units fully renovated with in-unit laundry; others feature targeted upgrades and share seller-owned machines. Overparked with 4 garages (ADU-ready), 2 carports, and open spaces; individually metered utilities streamline ops. The front building has a colonial architecture charm and consists of 4 units (2 x 1bed+1bath and 2 x Studio units). All 4 units have high ceiling, original hardwood floor, plenty of windows, mini-split HVAC, ceiling fans, tiled kitchen and bathroom. 1 unit has been fully upgraded with modern upgrades like newer flooring, new bathroom, new kitchen, and in-unit laundry. The back building was built in 1956 and consists of 2 x 1bed units. The bottom unit has been fully upgraded with new flooring, new kitchen, and in-unit laundry. It has large private backyard. The upstairs unit has a large private deck. All the units are rented to young professionals, and some units have history of being rented to ArtCenter International students from South Korea, China, etc. Some of the tenants are CALTECH students/alumni. At a 5% CAP Rate Year-1 in A-Class location, this easy-to-manage investment offers immediate cash flow in a market with very limited inventory. With fantastic demographics of $163k in a-mile radius, its proximity to many newly built townhomes/condominiums, and area amenities/attractions/job centers, this property offers a stable and strong demand for rental units; ADU conversion unlocks further upside. Don't miss this – contact me to capitalize on Pasadena's enduring demand.

Contact:

Growth Investment Group California

Property Subtype:

Apartment

Date on Market:

2026-02-20

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