OFF MARKET PROPERTIES

Fully Entitled 4 Unit Rehab Apartment Project in Korea Town in Los Angeles
 

Current structure is 1597 SF Duplex with 3Beds/2baths on a 5897 SF Lot Zoned LAR 3 - TOC Tier 2
 

ENTITLED PROJECT DETAILS

  • Add Sq. Footage to existing property to make a new 2 Story 3780 SF apt dwelling

  • New dwelling will consist of 9 Beds/8baths

  • New Unit Mix will be (1) 3bed/2bath with (3) 2bed/2bath units.

  • Property will feature 8 Parking Spaces, 5 Bicycle Spaces, Sprinkler and Alarm System

  • Great Area for Shopping, Restaurants and Transportation.

  • Entitled Plans Available only to Serious Buyer with serious Interest.

ASKING PRICE $1,280,000 FIRM (Principles only or buyer pays own agent fee)

Los Angeles 90026 4 Unit Apartment Building in Echo Park/Silverlake Area.

 

Possible Development for up to of 11 Units (buyer to check with city/county)

 

SUMMARY

Currently 4 Unit Multi Family Apartment Building - all are Large 1bed/1bath units 4,294 SF on a 5,700 SF Lot, Built 1922, Zoned R3, TOC Tier 2 (Buyer to verify)

 

Located near Sunset and Benton Way. Next door like property was rehabbed to 2 Bed/1 Bath units or investor can build 7 to 11 Unit New Structure Property delivered with 1 unit vacant / currently generating monthly rental income of $3,050.

 

Landlord pays water – average bill $375 per Month 

ASKING PRICE $1,150,000 (Principles only or Buyer pays own agent fee) 

Approved & Ready for Rehab/Flip - Located Between Downtown Los Angeles & Pasadena, CA 

 

SUMMARY

Current structure is 1298 SF / 3bed/1bath Single Family Home with Demolished Interior Ready to Rehab to 1449 SF 4 Bedrooms and 2 Bathrooms

Located in Northeast LA County next to Old Town Highland Park and close to Mount Washington Close to almost all Major Los Angeles Attractions, Transportation, Parks, Restaurants & Shopping

Estimated cost of construction from $110k to $140K per 3 contractors

ARV = $900,000 - $1,000,000 / Also Possibility to add an 800 SF ADU unit in rear.

 

Offers written with no contingencies ASKING PRICE FIRM AT $700,000.00 

(Principles only or Buyer pays own agent fee) 

DEFAULTED LOAN DEVELOPER WALKING AWAY! 85% COMPLETE! 

 

4-UNIT DEVELOPMENT PROJECT | EXCLUSIVE SAN DIEGO NEIGHBORHOOD 

 

Details: Brand New 4 Unit Condo Development / NORMAL HEIGHTS AREA SAN DIEGO Previously a single family home – now demolished and approved rezoning for 4 condos. Each condo = 3 Beds/3Baths with 3 stories at 1700+ SF; 2 parking spaces and storage on 1st floor. Unique 30' height design with individual private rooftop decks and balconies. Great Area with Restaurants, shopping and transportation within walking distance. Located within a 14 Minute drive to Downtown San Diego and local beaches. Project is currently 85% completed / lender was going to complete but is walking away. Close to getting the final map however Lender has all plans, permits and entitlements to complete the project.

 

Cost to complete and finalize the map is approximately $600,000. 

$2,800,00 Firm! 

Principles only or Buyer pays own agent fee.  

Single Family Home in South LA Perfect for  Rehab and Eligible for ADU Addition 

  • Single Family Home in South LA

  • 3 Bedrooms and 2 Bathrooms

  • 1070 SF

  • 4862 SF Lot

  • Built 1930

  • Zoned LAR 2

  • Located near Avalon and 109th Street, Easy Access to 110 and 105 Freeway, 25 Minutes to        DTLA and 20 Minutes to LAX and New Rams Stadium

  • Current MTM Tenant paying $1700 per month

  • Property in need of TLC or Rehab to add value

  • Current zoning allows for a buildable 1200 SF ADU Unit over garage which adds SF for rental potential adding additional income and value.

 

ASKING PRICE ONLY $405,000  

PRINCIPLES ONLY OR  BUYER PAYS OWN AGENT’S FEE.

Hillside Estate Rehab Opportunity in Golf Course Community in Pasadena 

OFF MARKET OPPORTUNITY

Pasadena hillside SFR located in Annandale Estates Overlooking Golf Course

4550 SF on a 64904 SF (1.49 Acre) Lot

7 Bedrooms and 4 Bathrooms Built 1948

PROPERTY FEATURES

 

Over 1.4 acres in the highly sought after Annandale Estates neighborhood. 100 yards of frontage overlooking the Annandale Golf Club. Incredible views to DTLA and Pacific Ocean. Main house features a large living room with extra large big windows offering amazing views of the Annandale ClubHouse, the Colorado Street Bridge, City Hall, Beautiful City Lights and multiple firework shows.

*********

Add’l property features: Detached 2 bedroom 1 bath Guest House, property perched above the Golf Course, Separate Maid/Guest Quarters above the garage with a spacious living room, office, small kitchenette,

1 bedroom and 1 bath. Swimming pool and an area for horses.

**********

Located off the 134 Freeway near Eagle Rock Park

6 Minutes to Downtown Pasadena and 30 Minutes to DTLA

Property in need of rehab due to long term tenancy

Comps range from $1.9MM to over $3.5MM in the area

 

Asking $1,700,000.00  Principles only or Buyer pays own agent’s fee

4 REO Residential Lots located near CalState LA. Perfect Development Opportunity!!

PROPERTY A (1 lot)

Hillside Lot With Views to DTLA; 6473 SF Lot is Zoned LAR1

Plans may be available for a 2 story home with views...

Retaining walls complete but no final approval / must verify with the City.

 

PROPERTY B  (3 lots)

3 Contiguous down hill facing lots

(A) 6862 SF, (B) 5470 SF & (C) 5712 SF

Zoned LAR 1

Owner had approval for 3 Contemporary style homes. Approval has expired. Plans may still be available.

 

Each:

  • three story 4 bedroom 3 bath

  • Approximately 1,700 to 2,350 SF each

  • Possible ADU on each lot may be permitted

 

FINAL SUMMARY

 

All 4 Lots total  24,517 SF

All lots had previous plans for a Single Family Home (submit new plans or old plans may still be available)

New zoning laws make these lots possibly eligible for an ADU unit on each lot. 

There are NO plans, permits or entitlements.

ARV COMPS for each lot $600,000 - $1,000,000 (investor encouraged to complete own due diligence regarding value)

 

LENDER WILL ACCEPT $525,000   PRINCIPLES ONLY OR BUYER PAYS OWN AGENT’S FEE.

OFF MARKET OPPORTUNITY--- HUNTINGTON BEACH, CA

 

4 Unit Multi Family Apartment Minutes to the Beach in Orange County  

 

Details…

 

* 4 Units - Mix (3) 2+1 and (1) 2+2 / Total 8 Bedrms & 5 Bathrms 

* 3131 SF building on 6098 SF Lot / Built 1975

* 2 Stories with Balconies and Roof Top Decks 

* Attached Garages with additional ample parking 

* Community Laundry Facility creates additional Income 

* Located close to Downtown HB / Main Street, Pacific City outdoor shopping 

mall with restaurants, bars and shops and the HB Pier!! 

* 15 Minutes to John Wayne Airport * Cross Streets Adams  and Main St 

All Units Delivered Vacant at COE

Perfect Opportunity to lease at market rent.

***Asking Price $1,775,000 (Principles only or Buyer pays own agent fee)

***Interior inspection with accepted offer

1031 Bulk Purchase  --- 15 Palm Springs Properties 

 

YR TYPE       SQFT         LOT/Size         INCOME        Projected         Value          CST/PSQFT 

1963            3bd/2ba     1,180         7405                1300                 1600             $325,000     275 SQFT 

1965            3bd/2ba     1,374       7405 1400 1650           $325,000     237 SQFT 

1959            3bd/1ba 1,108       7405 1350 1500           $320,000     289 SQFT 

1963            3bd/2ba 1,170       7405 1300 1650           $325,000     278 SQFT 

1959            3bd/2ba 1,273          7405 1300 1650           $325,000     255 SQFT 

2007            4BD/2ba 1,817          11326 1300 1700           $380,000      209 SQFT

1960            3bd/2ba 1,400          7405 1300 1650           $325,000      232 SQFT 

2006            3bd/2ba 1,395          7841 1300 1650           $340,000      244 SQFT  

1961            4bd/2ba 1,362          7841 1400 1700           $340,000       250 SQFT

1992            4bd/2ba 1,284           7401 1400 1700           $365,000       284 SQFT

1961            3bd/1ba 1,140           7405 1350 1500           $325,000        285 SQFT 

1961            3bd/1ba 1,140           8276 1350 1500           $325,000        285 SQFT 

1964            3bd/2ba 1,695            7405 1350 1500           $325,000        192 SQFT

1961            4bd/2ba 1,352            7405 1300 1700           $340,000        251 SQFT 

1960            3bd/2ba 1,248            9583 1300 1650           $325,000       260 SQFT 

$20,000 $24,300         $5,010,000     3,827 SQFT 

Management Fee             $3,000             $3,645           $334,000          255 SQFT 

$17,000             $20,655 

        Offered at  $5,406,000  for all 15 properties.                    ALL PROPERTIES are DEBT FREE                       

 

Annual Gross = $240,000     Annual Operating Approx 15% = $36,000     Annual Net Operating Income = $204,000 

=

***ALL MAY BE AVAILABLE AS INDIVIDUAL PURCHASES***

***Principles Only or Buyer Pays Own Agents Fee***

1031 Bulk Purchase - Palm Springs Properties

Listed Price $5,406,000 

 

ALL PROPERTIES are DEBT FREE                      COST AVG UNIT 

Purchase Price                  $5,406,000    15 SFR’s      $360,000 

 

Gross Operating I              $20,000              $240,000 

 

Annual Gross                                                $240,000

Annual Operating_Approx 15%                   $36,000

Annual Net Operating Income                      $204,000 

 

CAP Rate                   GOI/Purchase            $240,000           4.71% 

 

CAP RATE 2020 GOI/Purchase                    $291,600           5.72% 

 

Profit Margin   PM= Net Inc/Revenue         $17,000            $20,000           85%

Profit Margin (projPM= Net Inc/Revenue      $20,655            $24,300           85% 

 

***ALL MAY BE AVAILABLE AS INDIVIDUAL PURCHASES***

***Principles Only or Buyer Pays Own Agents Fee***

PRELLE &

ASSOCIATES

WE LOOK FORWARD TO HEARING FROM YOU.

YVETTE PRELLE

Tel: 949-293-5390

Email: yvette@prelleandassociates.com

NICOLE ALMQUIST

Tel: 714-721-2443

Email: nicole@prelleandassociates.com

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