7038 Sunset Blvd., Los Angeles 90028 | $20,800,000
A set of 5 lots under one APN at the corner of Sunset Blvd. and Sycamore Ave. Currently a 9,511 SqFt restaurant with excess parking. This property is situated on the eastern end of the block at Sunset and La Brea and three tiny blocks west of Highland Ave...two of the most famous intersections in the world. With the current zoning, Transit Oriented Communities designation of Tier 3 and the Regional Center Commercial General Plan, this property is a developer’s dream. This site will be among the most desired new developments in the City, with its tremendously central location, surrounded by one of Los Angeles’ strongest economic centers, a stone’s throw to restaurants, bars and all that the nightlife has to offer. The property is located less than a mile from the Hollywood Arclight, 24 Hour Fitness, Hollywood and Highland (with the Dolby Theater and Metro Red Line Subway Station), The Magic Castle, Yamashiro’s, Trader Joe’s, Ralphs and so much more! From this site, your tenants, customers and/or condo buyers will have easy access to the 101 Freeway and all that the City has to offer. What a perfect development site for any project your imagination desires...build a mixed-use project with apartments, condos, a hotel, restaurants, offices…it is just waiting for your touch.
338 – 358 Douglas Street, Los Angeles 90026 | $12,495,000
Douglas|Cortez Development is over an acre of flat land (45,280 square feet) in prime South Echo Park / Westlake / City West near booming Downtown LA. Situated on the corner of Douglas St and Cortez St with nearly 450 feet of frontage along with rear access from Angelina St, the property offers an investor/developer a truly one-of-a-kind development opportunity. Uniquely perched at the crest of a hilltop, this site, and the future development has 360-degree views: looming Downtown LA in one direction, the Hollywood sign, Griffith Park and Observatory in another, all framed by SoCal’s beautiful mountains. The prime location, just south of the 101 Freeway and minutes from Downtown LA, gives future tenants access to all the dining, culture and entertainment that Echo Park has to offer. The area has undergone a major economic renaissance during the past decade with development as the driving force. The new apartment and mixed-use developments in the immediate area have provided an overwhelming increase in the demand for high-end rental units and retail.
1023 N. Hayworth Ave., West Hollywood 90046 | $3,375,000
The subject property is a nine unit multi-family complex with tremendous upside potential. The property has a wonderful unit mix comprised of 1 studio unit, 4 one bedroom, one bathroom units, and 4 two bedroom, two bathroom units. Totaling 7,922 square feet, this building sits on a 6,984 sf lot which provides tuck under parking to most of the tenants. Two units are currently sitting vacant and being remodeled which allows an owner-user/investor to come in and re-position the low returning units and capitalize on the steady rental market place. Situated on Hayworth half a block south of Santa Monica Boulevard and one block west of Fairfax, this asset is surrounded by the neighborhood’s hottest restaurants/shopping/and nightlife, ensuring the continual rise of demand for rental units in the area.
7352 Vista Del Monte Ave., Van Nuys 91405 | $2,650,000
Partners CRE and Compass Commercial are proud to present for sale a 12 unit asset located in the heart of Van Nuys. Situated on a double lot, totaling 12,977 square feet, these two buildings combine for an impressive 8,702 square feet. Each building is comprised of four 2 bedroom, 1 bathroom units and two 1 bedroom, 1 bathroom units. A shared courtyard connects the two buildings which also includes a common area in the rear and garages. All units are rented significantly below market and even during this time, the upside attracts a potential 6%+ CAP!
12717 Barbara Ann Street, North Hollywood 91605 | $7,195,000
The subject property is a fantastic, well maintained, 24- unit apartment complex located in the North Hollywood submarket of Los Angeles. Situated on Barbara Ann St just south of Sherman Way Blvd and a block east of Coldwater Canyon Blvd, this beautiful building has a healthy mix of updated and brilliantly sized units. The property boasts Twelve 2 bedroom, 1-bathroom units, and Twelve 3-bedroom, 2-bathroom units. The densely populated location ensures expeditious lease up and the large, excellent units allow for tenant comfort and investor stability. Going in at a 4% CAP with upside to almost a 6% CAP this deal is positioned to fly off the shelf quickly.
5979 W 3rd Street, Los Angeles 90036 | $10,995,000
5979 W 3rd St. is a beautiful, well maintained Mixed-Use property consisting of ground floor retail and 2nd story offices. Sitting just West of La Brea Ave and only 2 blocks from The Grove, this 12,817 square foot building provides a tremendous visibility to locals and tourist alike. Two tenants, Coffee Bean and Good Nights Natural occupy the ground floor, while 3 office tenants make up the occupancy on top. With rare parking for the street, this property is set to attract countless tenants if a vacancy should pop up. Stabilizing this building will provide a new owner with many years of return while building a nest egg for future generations. This Pride of Ownership asset is truly one of a kind!
6925 Baird Ave., Reseda 91335 | $3,950,000 *15 Units
The subject property is a fantastic, well maintained, 15-unit apartment complex located in the heart of the Reseda submarket of Los Angeles. Situated on Baird Ave just south of Sherman Way Blvd and a block west of Reseda Blvd, this beautiful building has a healthy mix of brilliantly sized units. The property boasts Five 1-bedroom, 1-bathroom units, and Ten 2-bedroom, 1-bathroom units, providing an excellent unit mix. This asset is fully parked and has a pool for the tenants to cool off in during the hot summer days. The densely populated location ensures expeditious lease-up and the large, excellent units allow for tenant comfort and investor stability. Going in at a 3.84% CAP with upside to almost a 6% CAP, this deal is positioned to fly off the shelf quickly.