Search For Homes

$890,000 sale

1808 88th

Oakland, CA 94621

AREA SQFT

BEDROOMS

BATHROOMS

View Property

$1,499,000 sale

9027 Ramsgate

Los Angeles, CA 90045

AREA SQFT

BEDROOMS

BATHROOMS

View Property

$1,789,000 sale

4755 Terrace Drive

San Diego, CA 92116

AREA SQFT

BEDROOMS

BATHROOMS

View Property

$1,685,000 sale

1859 Woodland

East Palo Alto, CA 94303

AREA SQFT

BEDROOMS

BATHROOMS

View Property

$2,800,000 sale

4053 Oakwood

Los Angeles, CA 90004

AREA SQFT

BEDROOMS

BATHROOMS

View Property

$1,695,000 sale

13444 Burbank

Sherman Oaks, CA 91401

AREA SQFT

BEDROOMS

BATHROOMS

View Property

$899,000 sale

44083 Palm

Hemet, CA 92544

AREA SQFT

BEDROOMS

BATHROOMS

View Property

$1,795,000 sale

2090 Marina Blvd

San Leandro, CA 94577

AREA SQFT

BEDROOMS

BATHROOMS

View Property

$1,498,000 sale

938 College

San Jose, CA 95128

AREA SQFT

BEDROOMS

BATHROOMS

View Property

$2,795,000 sale

816 La Jolla

Los Angeles, CA 90046

AREA SQFT

BEDROOMS

BATHROOMS

View Property

$635,000 sale

570 3rd

Chico, CA 95926

AREA SQFT

BEDROOMS

BATHROOMS

View Property

$1,188,800 sale

225 Jackson

Rialto, CA 92376

AREA SQFT

BEDROOMS

BATHROOMS

View Property

$5,650,000 sale

3655 Motor

Los Angeles, CA 90034

AREA SQFT

BEDROOMS

BATHROOMS

View Property We are pleased to present for sale 3655 Motor Ave. in Palms Mar Vista of Los Angeles, CA. The offering consists of a 2006 built (defaults to AB-1482) 12 unit apartment building with townhouse-style units. The property has benefitted from a local family of conscientious operators and their portfolio is professionally managed by Lilly Property Management Co. The equal mix of 1BR/1.5BA (6) and 2BR/2.5BA (6) units (ranging from 800 to 900 SF) cater towards a broad rental market. The 1BR's, which account for 50% of all units, may assist in keeping rents paced with the market during turnover. The building is offered at a reasonable 4.90 CAP / 13.40 X with a stabilized 5.20 CAP / 12.90 X. Tenants will have access to in-unit washer/dryers, central HVAC, individual water heaters, private patios, rooftop decks and 22 gated parking spaces. Within close proximity is the E Station of the Metro Line in addition to the 405 and 10 Freeways. Also within close proximity is Downtown Culver City, Hayden Tract and Sony Pictures Studios. According to LA County Planning 2023, Palms Mar Vista had a total population of 112,000 people with an average household income of $105,000. 65% of the population were renters. The offering presents an ideal turn-key opportunity of operational stability with consistent cash flow and predictable long term appreciation. Furthermore, offering potential ADU avenues for the new owner to explore (buyer to verify). The property will make a strong addition to any investor's portfolio whether they're in acquisition mode or simply looking for an immediate and quality 1031 solution. Property is subject to AB-1482. As of May 2025 there are two (2) 1BR/1.5BA vacancies. No other units will be delivered vacant by Seller upon close of escrow, except those occurring naturally. Property to be sold in as-is condition. Please DO NOT walk the property or disturb the tenants. Text/email LA for OM. Showing upon an accepted offer. Please submit proof of funds and pre-approval with offer.

$1,995,000 sale