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1177 W 37th Pl, Los Angeles
$2,575,000
ACTIVE Status
We are pleased to present 1177 W. 37th Place, a fully entitled, RTI ground up student housing development located approximately one-half block from the University of Southern California. This rare offering provides a developer or investor with the opportunity to acquire a shovel-ready, permit-ready project in one of Los Angeles' most supply-constrained and consistently performing rental submarkets. Current ownership has completed the time-consuming and capital-intensive work associated with architectural design, civil and structural engineering, construction documents, plan check, permits, and city approvals. An incoming buyer steps in at the finish line of the entitlement process, potentially avoiding an estimated 18 to 24 months or more of entitlement time and the associated discretionary risk. Subject to buyer verification and payment of any remaining permit fees, the buyer can pull permits and begin construction. The approved plans, prepared by California Development & Design Inc., call for a five-story, approximately 19,900-square-foot building consisting of four levels of Type V-A residential construction over a Type I-A podium with ground-level parking and a residential lobby. The project includes seven residential units plus a multi-level ADU, for eight units total, with 46 bedrooms and 39 bathrooms. Purpose-built for a rent-by-the-bedroom student-housing model, the fully sprinklered NFPA-13 building also includes rooftop open space, on-site parking income, and a low-income housing subsidy component.At stabilization, 46 bedrooms leasing at approximately $1,500 per bed, together with parking and subsidy income, are projected to generate approximately $860,400 in scheduled gross income and $599,690 in net operating income. At a 6.0% capitalization rate, the projected stabilized value is approximately $10 million. This represents approximately $1.55 million in projected value creation, an 18.3% development margin on total cost, and an approximate 7.1% return on cost before refinancing, rent growth, and long-term appreciation. All plans, permits, construction costs, rents, income, and return projections are estimates and should be independently verified by the buyer.

1177 W 37th Pl, Los Angeles

Courtesy of Keller Williams Hollywood Hills, Davis Saadian - CA DRE#01921748

4150 S Normandie Ave, Los Angeles
$2,895,000
20 Beds ⋅ 16 Baths ⋅ ACTIVE Status
Live in one unit while generating income from the others. Buyer incentives are available, including rate buydown options through our preferred lender for qualified buyers, subject to lender approval and negotiated terms. Exceptional 4-unit Los Angeles income opportunity at 4150 S Normandie Ave. The property features two spacious upper units with 5 bedrooms and 5 bathrooms each, plus two lower units with 5 bedrooms and 3 bathrooms each. The two upper units are currently occupied, while both lower units are vacant, offering immediate flexibility for lease-up and additional income potential. Current upper-unit rents are approximately $5000 per unit/month. The combination of large unit configurations, existing rental income, and two vacant units creates an attractive opportunity for investors or buyers seeking a multifamily property with value-add potential. Conveniently located in Los Angeles with access to major employment centers, entertainment, education, and transportation.

4150 S Normandie Ave, Los Angeles

Courtesy of The Dana Real Estate & Investments Inc., Mezdan Mota - CA DRE#01833661

5151 S Vermont Ave, Los Angeles
$3,595,000
8 Beds ⋅ 21 Baths ⋅ ACTIVE Status
Global Platinum Properties is pleased to present 51515163 S Vermont Avenue, a 21-unit mixed-use asset on three contiguous lots at the hard corner of Vermont Avenue and West 51st Place, in the heart of the Vermont Corridor. The property comprises 18,956 square feet of improvements across two 1924-vintage brick buildings: seven street-front retail spaces at grade and fourteen apartments above, plus a gated 26-space surface lot, an amenity that is genuinely scarce along this stretch of Vermont. Ownership completed a new electrical upgrade in 2026. In place, the asset produces $221,152 of net operating income against the $3,595,000 asking price, a 6.15% cap rate on day one, at 100% physical occupancy and with no capital required to achieve it. Underneath that income sits the real story. The residential schedule shows an average in-place rent of $1,251 against a $1,821 market rent, and the 17,280 SF C2-1VL-CPIO site sits within a Tier 3 Transit-Oriented Communities zone that supports, by right, a development program of up to 150 units.

5151 S Vermont Ave, Los Angeles

Courtesy of Global Platinum Properties, Inc., Armin Soleimani - CA DRE#01846872

850 W Martin Luther King Jr Blvd, Los Angeles
$885,000
8 Beds ⋅ 4 Baths ⋅ ACTIVE Status
Proudly presenting this terrific investment opportunity in a supreme location. Superbly located just across BMO Stadium, the home ground of the beloved LAFC soccer team, and just minutes walking distance to the University of Southern California (USC), as well as being just a block away from the LA Memorial Coliseum, California Science Center, Natural History Museum, and more. This fantastic apartment building features 4 spacious units, each just under approximately 1,000 SF that includes 2-bedrooms, 1-bathroom, a living room, kitchen. An abundance of space allows for plenty of parking, 2 spots for each unit totaling 8 parking spots in all. This gem offers the ideal, compelling blend of quality and location for investors looking for future potential. It cannot be understated how terrifically the property is situated thanks to its convenient access to the I-110 and I-10 freeways, as well as its close proximity from bustling Downtown and Koreatown. Come seize this wonderful opportunity in prime Los Angeles.

850 W Martin Luther King Jr Blvd, Los Angeles

Courtesy of Mi Jeong Kim, MiJeong Kim - CA DRE#01887660

The information being provided by CARETS (CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS, and/or VCRDS)is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identifyprospective properties visitor may be interested in purchasing.Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX)program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than thebroker and/or agent who owns this web site.The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, isdeemed reliable but not guaranteed and should be personally verified through personal inspection by and/or withthe appropriate professionals. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS,DAMLS, CRMLS, i-Tech MLS and/or VCRDS and is protected by all applicable copyright laws. Any disseminationof this information is in violation of copyright laws and is strictly prohibited.CARETS, California Real Estate Technology Services, is a consolidated MLS property listing data feed comprisedof CLAW (Combined LA/Westside MLS), CRISNet MLS (Southland Regional AOR), DAMLS (Desert Area MLS),CRMLS (California Regional MLS), i-Tech MLS (Glendale AOR/Pasadena Foothills AOR) and VCRDS (VenturaCounty Regional Data Share).

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