Presenting an exceptional 8-unit multi-family property located in the desirable Baldwin Village neighborhood of Los Angeles. This well-maintained building sits on a spacious, verdant 10,799 sq ft lot and features 7,236 sq ft of rentable space. The property offers a well-balanced unit mix of 4, two-bedroom units and 4, one-bedroom units, each contributing to consistent cash flow. This is a rare probate sale with full seller authority to sell, meaning no court confirmation or overbid hearing is required. The process is streamlined for a fast and efficient transaction, making it an attractive opportunity for both seasoned investors and first-time buyers. All units are currently rented, generating a strong gross annual income of $116,304, plus an additional apx. $200 per year from the on-site laundry facility. With current rents significantly below market value (and priced accordingly), this investment has tremendous upside income potential with projected rents of $2,300/month for the 2-bedroom units and $1,900/month for the 1-bedroom units, boosting overall returns. The gated property boasts lovely landscaping, including fruit and specimen trees on the oversized lot, offering a serene and secure environment for tenants and 6 gated parking garage spaces. The property is ideally situated near key Los Angeles neighborhoods including Inglewood, Leimert Park, and Culver City. Residents enjoy easy access to the area's diverse dining, shopping, and entertainment options. Explore local favorites like the Baldwin Hills Crenshaw Plaza, with a wide variety of shops, eateries, and entertainment options, or enjoy the nearby restaurants and cafes in Leimert Park. For those commuting or seeking easy transit access, the property is conveniently located near the Crenshaw and Expo Metro lines, providing quick connections to Downtown LA, Culver City, and other major areas. Priced to attract multiple offers, this property presents an excellent opportunity for immediate cash flow and future appreciation, offering a competitive cap rate based on current net income (NOI). The Estate is motivated to sell quickly, and with no court delays or overbid hearings, this rare opportunity will not last long. Showings will only be arranged subject to an acceptable offer. Contact us today for more details! More photos to come, soon! UPDATE: Offers are due on or before Friday, January 24 2025 at 8 PM.
Michael Kessler
Coldwell Banker Realty
01088842 CA
Office
(310) 820-6651
Mobile
(310) 367-2322
Listing Courtesy of Combined L.A. Westside (CLAW) / Coldwell Banker Realty / Michael Kessler
$988,000
Santa Monica Area Townhome
Pending
1337 18th St 2 Santa Monica, CA 90404
2 Bed
2.1 Baths
1352 sqft
MLS# 24-468101
First time on the market in decades! Awesome opportunity! Especially if you want to create your own vision and don't want to pay extra for someone else's taste. Spacious, voluminous, uniquely bright, light fixer townhome in an intimate 6-unit, gated complex on a most-desired, treelined, less-traveled street in Santa Monica. Stroll down the quaint terracotta paver path. You are greeted with a huge living room with wood floors and high ceiling, wood-burning fireplace and bar. Step-up to dining area, guest bath and open concept kitchen featuring gas appliances, wraparound granite counters, cupboards & cabinets with pass-thru & breakfast bar, a walk-in pantry plus an additional large storage "cubby". The dining area also features a sliding glass doors that open out onto a spacious, sun-drenched patio that is able to accommodate entertaining, grilling, dining alfresco and there's even room for a container garden. Skylit upper level boasts a large primary bedroom suite with tall ceilings, wood floors, full bath and a truly immense walk-in closet. This sunny, south-facing primary suite is notably large and offers a huge bed wall with room for a home office or sitting area. The 2nd bedroom also features wood floors, it is also ensuite (with a full bath) and features it's own large walk-in closet. What's more: the laundry area is wisely located upstairs (where the clothes go). This intimate, peaceful complex and garage are securely gated and each unit comes with its own SIDE BY SIDE parking with storage cabinet and low home owners dues! 1337 18th St. is in the ideal location! It's close to Santa Monica College, UCLA, SamoHi, St. John's & other medical facilities, Wholefoods, Montana Avenue, 3rd St. Promenaded and awesome restaurants (including Bay Cities Deli). Priced for multiple interest. Listing Agent is seller exclusive, (will not represent buyer). First showing is Sunday open house, 12/08 1-4 PM.
Michael Kessler
Coldwell Banker Realty
01088842 CA
Office
(310) 820-6651
Mobile
(310) 367-2322
Listing Courtesy of Combined L.A. Westside (CLAW) / Coldwell Banker Realty / Michael Kessler
$2,600 / mo
Los Angeles Area Rental
Active
3416 Floyd Ter Los Angeles, CA 90068
1 Bed
1 Baths
670 sqft
MLS# 25-476337
Unique opportunity to live in secluded, private home in a superb, residential (SFR) neighborhood for a great price. This bright updated 1-bedroom ADU offers the perfect blend of privacy, convenience, and value, perched high above Barham Blvd. with stunning views of the city and valley below. The light-filled living room features wood floors and a private entrance, creating a welcoming space. The generously sized bedroom includes an exceptionally large walk-in closet for ample storage. The kitchen is equipped with a newer refrigerator, a convenient cook top, and a cozy eating area. The spacious bathroom impresses with a luxurious shower. Located just minutes from the city, the valley, and the shops and dining of the Cahuenga Pass, this secluded gem is a rare find at an unbeatable price. Don't miss this incredible find! DO NOT DISTURB OCCUPANTS.
Michael Kessler
Coldwell Banker Realty
01088842 CA
Office
(310) 820-6651
Mobile
(310) 367-2322
Listing Courtesy of Combined L.A. Westside (CLAW) / Coldwell Banker Realty / Michael Kessler