Nancy DuShane-Bank
The median home value in Los Angeles, CA is $1,200,000.
This is
higher than
the county median home value of $790,000.
The national median home value is $308,980.
The average price of homes sold in Los Angeles, CA is $1,200,000.
Approximately 45.51% of Los Angeles homes are owned,
compared to 47.38% rented, while
5.3% are vacant.
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Seize the opportunity to invest in this well-maintained, 5-unit apartment building located in a highly desirable area of Los Angeles. This property is ideally situated, offering a blend of urban convenience and residential charm. Some key features include: 1)Units: 5 well-maintained units, with one completely remodeled and currently vacant, ideal for immediate leasing. 2) Prime Location: Located near trendy coffee shops, unique markets, popular restaurants, and shopping centers. The nearby farmers market offers fresh, local goods, adding to the neighborhood's appeal. 3) Proximity to Culver City: Close to the tech hub of Culver City, home to digital media companies, marketing firms, and major studios, creating strong rental demand*Parks & Recreation: Easy access to nearby parks for outdoor activities and relaxation. 4) Exterior: Recently painted and well-maintained, giving the building a fresh, modern look. 5) Parking: Ample on-site parking for tenants, a rare find in this highly sought-after area. Investment Highlights: 1)Cash Flow: Currently generating strong rental income, with upside potential through rent increases and leasing the remodeled unit. 2) Appreciation: Located in an area poised for long-term appreciation, offering both immediate returns and future growth. 3) Upside Opportunity: With one remodeled unit vacant, investors can either occupy it or lease it for additional income. Perfect for investors seeking a property with a combination of stable cash flow and long-term growth. This is a rare find in a highly desirable neighborhood. Don't miss out on this incredible opportunity! SEE DOCS FOR OM.
Extraordinary mixed-use site w/unlimited potential in prime West Los Angeles! In 1941, famed architect Gerard Colcord was commissioned to design this extraordinary compound (showroom, offices + 3-bedroom residence) which today offers numerous opportunities due to its commercial zoning including: retail, design studio, art gallery, or even a zen venue for a tech start-up as it's moments away from Silicon Beach. First owner maintained property for 71 years; current owner (past 12 years) made updates including landscaping by well-known garden designer Jay Griffith. Originally the site of Toyoshima Seed Company, the property served simultaneously as a business and home for nearly 7 decades while supplying local farms around Centinela Avenue. Property fronts Centinela Avenue w/generous alley access and motor court parking for three vehicles in addition to 3-car garage. ADU potential, easy to show.
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