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The LAAA Team of Marcus & Millichap is pleased to present 11565 Iowa Avenue, a renovated three-unit multifamily investment offering turnkey condition, a fully permitted ADU, and one vacant unit for immediate occupancy in West LA's highly desirable Sawtelle neighborhood. Situated steps from the celebrated Sawtelle Japantown dining district and moments from Santa Monica, the property appeals to both investors seeking a stabilized asset in a premier location and owner-users looking to live in one unit while generating rental income from the remaining two. Originally constructed in 1928, the property was comprehensively renovated in 2022 and includes a garage-to-ADU conversion completed under permit with Certificate of Occupancy issued April 2022. The property totals approximately 2,192 rentable square feet across three two bedroom units, each featuring modern finishes, in-unit washer/dryer, and central air conditioning. The garage conversion to ADU means the property offers no on-site parking, though street parking is readily available on this quiet residential street. The current owner has maintained the property in excellent condition with scheduled rents of $121,140 annually, reflecting a 4.8% cap rate at the $1,850,000 asking price. The property is fully occupied and stabilized, providing immediate, consistent cash flow and long-term income stability for an investor. The all two-bedroom unit mix represents the most desirable configuration for the West LA rental market, where strong demographicsincluding 71.8% renter households and a $104,627 median household income, support consistent tenant demand and rental rate stability.

RENTAL INCOME: $187,968.00 per year / $15,664.00 per month. Excellent opportunity to acquire a 16-unit apartment building in the West Adams district of Los Angeles by USC at a $115,625.00 cost per unit and $229.47 cost per square foot. This 8,062 sq. ft. building resides on a 6,801 sq. ft. corner lot which consists of 16 very large studios each with their own separate kitchen area. The property is located one block south of the 10 Freeway on an excellent and quiet stretch of Budlong Ave. at 24th St. and surrounded by single family homes and smaller apartment buildings. The property retains an excellent on-site manager making this a low maintenance asset for savvy investors. The building is well maintained and all units are individually metered for gas and electric with onsite laundry that brings in approximately $425.00 of additional monthly income. This "bread and butter" building has tremendous upside potential and is perfect for the investor looking to add more units in a great area to their portfolio and an excellent opportunity for a 1031 exchange buyer. Potential future student housing. Positioned in the northwest area of the 90007 zip code, 1.8 miles from USC, 2.5 miles from The Crypto.com Arena. CURRENT CAP RATE 6.04 % / CURRENT GRM 9.8 PRO FORMA CAP RATE 11.49 % / PRO FORMA GRM 6.4

This large 6-unit apartment building totals approximately 7,292 SF on a 8,700 SF lot and is located in a desirable residential pocket of Hawthorne, west of Prairie Ave. The property offers an attractive unit mix consisting of two 3-bedroom/2-bathroom units and four 2-bedroom/1-bathroom units. The property is currently operating at a 4.85% CAP rate, with approximately 30% upside in rental income. Based on achievable rent increases post-closing, investors have the opportunity to realize a going-in CAP rate of approximately 5.5% (11.2 GRM). At the asking price, the building is offered at $253 per square foot, with a projected pro forma CAP rate of 7.28% upon stabilization (9.2 GRM). This provides investors with a significant value-add opportunity to increase income through interior renovations and repositioning, or to continue operating the property for stable in-place cash flow and long-term appreciation. The building includes six carport parking spaces and shared on-site laundry facilities for tenant convenience. The location offers strong rental appeal, situated near major thoroughfares including Hawthorne Boulevard and Inglewood Boulevard, with convenient access to nearby retail, dining, and employment centers. The property is also located in close proximity to Hawthorne Middle School and Leuzinger High School. The property is not subject to local rent control and instead falls under California AB 1482, allowing for annual rent increases in accordance with state guidelines.

428 N Genesee presents a rare chance to own a well-maintained four-unit property in one of Los Angeles' most desirable rental markets. The building features two (2Br+1Ba) apartments and two (1Br+1Ba). The property offers steady income with a mix of flexible leases with steady tenants: one unit is owner-occupied, one is month-to-month, one has a 1-year lease, and one's lease expires this year (2026). The building features a brand new electrical panel (2025). Perfectly positioned in the vibrant, historic, and highly coveted Beverly Grove neighborhood, residents enjoy close proximity to trend-setting retail, dining, and entertainment. Just blocks away from Fairfax High School, The Grove, the Beverly Center and some of LA's most iconic shopping and lifestyle destinations. 428 N Genesee combines rare location, strong rental demand, and long-term upside making this property an ideal addition to any investor's portfolio.

PRICED TO SELL! UNBEATABLE LOCATION & MASSIVE UPSIDE! Strategically positioned on the border of Hancock Park and Koreatown, 838 S Gramercy Place represents the ultimate "Location! Location! Location!" investment. This 8-unit multifamily asset is priced to make buyers profitable from day one, offering a rare combination of immediate cash flow and significant equity growth potential. Currently operating at a strong 6.11% CAP (w/ No Vacancy) and 10.69 GRM, this property features an incredible path to 8.69% CAP (w/ No Vacancy) and 8.47 GRM based on market rents. The unit mix consists of THREE spacious 2-bedroom/1-bath units and FIVE 1-bedroom/1-bath units, providing maximum rental flexibility in a high-demand submarket. Key Highlights for Savvy Investors: 1. Aggressive Pricing: Priced to move quickly in today's market. 2. Prime Accessibility: Steps away from world-class dining, shopping, major banks, and Metro stations. 3. Low Owner Expenses: Separately metered gas and electricity plus 8 assigned parking spaces. 4. Turn-Key Readiness: Completed seismic retrofit in 2022 - no deferred maintenance headaches. Whether you are looking for a stable long-term hold or a high-yield value-add play, this is the best-priced 8-unit building in the area. Act now - opportunities at this price point and location do not last! The Seller intends to perform an IRC Section 1031 tax-deferred exchange. Seller requests buyer's cooperation at no cost to buyer. ALL OFFERS ARE WELCOME!

Exceptional opportunity to own a newly built 3-unit property in the heart of Glendale, perfect for extended family living or as a high-performing investment! Located at 432 West Garfield Avenue, Glendale, CA 91204, this rare offering features three completely separate homes, totaling 7 bedrooms, 6 bathrooms, and approximately 3,402 sq ft of living space. The property includes a beautifully remodeled front single-family home with 2 bedrooms, 2 bathrooms, and 1,199 sq ft. Unit A offers 2 bedrooms, 2 bathrooms, and approximately 1,000 sq ft, while Unit B features 3 bedrooms, 2 bathrooms, and 1,203 sq ft, each designed with functional layouts and modern finishes. All units are fully equipped with stainless steel appliances, including refrigerator, oven, microwave, washer, and dryer, along with dedicated laundry spaces for each home. Interior finishes include recessed lighting, light wood-tone flooring, fresh white paint, and ample cabinet space, creating bright, contemporary living environments throughout. The property also features owned solar panels, offering long-term energy savings and added value. With separate living spaces, modern amenities, and strong income potential, this is an ideal opportunity for owner-occupants, multi-generational households, or investors seeking multiple revenue streams. Conveniently located near shopping, dining, schools, and major freeways, this is a rare, turnkey multi-unit property in one of Glendale's most desirable areas.

We pleased to present 5614 W Adams Boulevard, a seven-unit multifamily offering located in one of Los Angeles' fastest-growing submarkets. This investment combines stable in-place income, permitted renovation progress, rental upside, and long term development potential appealing to both value-add and buy-and-hold investors. Built in 1961 and subject to the City of Los Angeles Rent Stabilization Ordinance (RSO), the property consists of seven two-bedroom, one-bath units averaging 715 square feet. The 6,162-square-foot lot is zoned C2-1VL-CPIO, supporting by-right multifamily or commercial uses. Since acquisition in 2022, ownership has completed extensive capital improvements, including a new roof, major central plumbing upgrades, and a backflow water preventer. In 2024, ownership also completed landscaping, full exterior paint and re-stuccoing, and added a communal washer and dryer. Two units were fully renovated in 2024 with permits, featuring new double-pane windows, updated flooring, modern kitchen cabinetry, new appliances, in-unit washer/dryers, and mini-split HVAC systems. A third unit is currently vacant and down to the studs, with rough MEP inspections already passed and infrastructure in place for a washer/dryer, kitchen appliances, and mini-split HVAC giving an investor the opportunity to complete the unit to their own design. In-place rents present approximately 18% upside through continued turnover and interior upgrades. Additional building features include upgraded plumbing and electrical systems, tankless water heaters, and a soft-story seismic retrofit with Certificate of Compliance issued in 2019. The property includes seven parking spacesthree covered and four uncovered. Located in a Tier 2 TOC and High Quality Transit Corridor, the site offers future development flexibility, including increased density, mixed-use entitlement, or detached ADUs. The lot configuration may support one or more ADUs without requiring a zone change or complex entitlement process. Just west of La Cienega Boulevard, the property is walkable to the La Cienega/Jefferson Metro Station, the Cumulus District, and Whole Foods, with close proximity to Culver City, USC, Kaiser Permanente, and Downtown LA. The West Adams corridor continues to attract strong renter demand fueled by its evolving retail, dining, and cultural landscape. 5614 W Adams Boulevard presents a rare blend of current cash flow, tangible value-add potential, and long-term development upside in a prime infill location.

Pleased to present the opportunity to acquire the Cedar Ave Apartments located in the Wrigley neighborhood of Long Beach. The property consists of large one bedroom and two bedroom units along with six garages and an on-site laundry room that both appeals to tenants and provides additional income. With rents slightly below market, the asset provides stable cashflow with a clear pathway to increasing income in a coastal market currently going through massive redevelopment.

NO LA CITY RENT CONTROL & BRAND NEW ROOF... 3120 W 71st St is a well-maintained 6-unit multifamily investment opportunity located in a rapidly evolving pocket of Los Angeles. Built in 1990, this rare offering is exempt from the City of Los Angeles Rent Stabilization Ordinance (RSO), providing investors with increased flexibility and long-term upside potential. The property is comprised of six spacious 2-bedroom / 1-bathroom units, each averaging approximately 864 square feet. All units are separately metered for gas and electricity, and each has a dedicated water heater, reducing owner expenses and operational complexity. The building also features copper plumbing, a brand new roof (2025), and a storage room with washer/dryer hookups not currently in use, offering further income or amenity potential for a new owner.Sitting on a 7,992 square foot lot, the property has 8 gated surface parking spaces at the rear of the building, offering convenience and security for tenants. With a current cap rate of 5.79% and a GRM of 11.03 the investment presents strong in-place cash flow with room to grow. Additionally, there is potential to build one or more ADUs (buyer to verify), providing further value-add opportunity in a supply-constrained market. Strategically located near major entertainment and transportation hubs including SoFi Stadium, the Kia Forum, the upcoming Intuit Dome, and a growing collection of dining and retail destinations 3120 W 71st Street stands to benefit from continued neighborhood appreciation and infrastructure investment. With its desirable unit mix, non-RSO status, strong financials, and ADU potential, 3120 W 71st Street represents a compelling, turn-key investment opportunity in the heart of Los Angeles.