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To schedule an Open House or to request more information about this property, call Walla Walla Sotheby's Realty at 760-840-2300...

Rare coastal investment opportunity on Santa Cruz's highly desirable Lower Westside, just one block from the ocean and iconic West Cliff Drive. Steps from Lighthouse Field State Beach and the popular Steamer Lane Supply restaurant, this prime location consistently attracts strong rental demand driven by lifestyle, walkability, and proximity to Monterey Bay. One of the largest duplexes this close to the ocean, the property features a 3BD/2BA upper unit and a 2BD/2BA lower unit with a bonus room that functions as a third bedroom, maximizing rental flexibility and income potential. Each unit includes a private 2-car garage, a rare and valuable amenity for tenants near the coast. The upper units private yard with jetted hot tub adds further appeal for premium rents. Flexible income strategies: rent both units for strong cash flow, short-term (buyer to verify) or long-term rental, or occupy one unit while generating income from the other. Tenants will enjoy easy access to downtown Santa Cruz, the Santa Cruz Wharf, and the Santa Cruz Beach Boardwalk, as well as immediate connectivity to coastal and mountain biking trails right from your front door. No need to load up the car. A rare combination of size, location, and versatility, an exceptional addition to any coastal portfolio.

Rare coastal investment opportunity on Santa Cruz's highly desirable Lower Westside, just one block from the ocean and iconic West Cliff Drive. Steps from Lighthouse Field State Beach and the popular Steamer Lane Supply restaurant, this prime location consistently attracts strong rental demand driven by lifestyle, walkability, and proximity to Monterey Bay. One of the largest duplexes this close to the ocean, the property features a 3BD/2BA upper unit and a 2BD/2BA lower unit with a bonus room that functions as a third bedroom, maximizing rental flexibility and income potential. Each unit includes a private 2-car garage, a rare and valuable amenity for tenants near the coast. The upper units private yard with jetted hot tub adds further appeal for premium rents. Flexible income strategies: rent both units for strong cash flow, short-term (buyer to verify) or long-term rental, or occupy one unit while generating income from the other. Tenants will enjoy easy access to downtown Santa Cruz, the Santa Cruz Wharf, and the Santa Cruz Beach Boardwalk, as well as immediate connectivity to coastal and mountain biking trails right from your front door. No need to load up the car. A rare combination of size, location, and versatility, an exceptional addition to any coastal portfolio.

Tucked away on one of Leucadia’s most coveted streets west of the 5, this thoughtfully reimagined residence at 767 Hymettus Ave, Encinitas, blends original coastal charm with refined contemporary design. Set behind lush mature landscaping, it offers privacy, serenity, and a spacious backyard for year-round enjoyment. The newly upgraded kitchen features top-of-the-line Thermador appliances, leathered quartzite countertops, bespoke cabinetry, Newport Brass fixtures, reverse osmosis system, and insta hot water. A sunlit dining nook enhances seamless indoor-outdoor flow. New solid oak hardwood floors in the kitchen and bedrooms complement preserved southwest terracotta floors. The home feels light and airy yet warm and grounded. The primary bedroom is a private sanctuary with vaulted ceilings, natural light, and reclaimed wood built-ins. Mexican tile and handcrafted details elevate the bathrooms. This versatile property includes a full-kitchen studio ADU with separate entrance, equipped with appliances, custom cabinets, quartzite surfaces, artisan tilework, and quaint private patio. Ideal for guests, rental income, or creative space. Earth-friendly upgrades include solar, gray water system, new whole-house water softener and filtration, and built-in EV charger. Outside, the lush yard offers 14 varieties of fruit trees, gas firepit, and total privacy. A concrete pad with electrical is ready for a hot tub, and protected area suits a catio, garden, or sitting space. Moments from restaurants, coffee shops and boutiques, this is classic coastal living in the heart of Leucadia.

Built in 2017, this 7 unit apartment complex is located near Koreatown and is surrounded by numerous shopping, dining, and entertainment venues. This complex has a good mix of studios, one bedroom, and two bedrooms units. Each unit features high ceilings, high end interior design quality, and their own washer and dryer. This apartment does not have rent control and there is room for increased rents. These units are consistently in demand so they are easy to rent out.

Investment Highlights • Comprehensive 2024 Gut Renovation with New COFO: The entire building was gut renovated, resulting in a new Certificate of Occupancy issued in 2024. Over $1.2 million in capital improvements were completed, including all-new plumbing, electrical systems, drywall, paint, flooring, and cabinetry. This turnkey status provides investors with a high-quality asset and minimal immediate maintenance requirements. • Proven Micro-Unit Model with Strong Rental Yield: The building features 23 units comprised primarily of micro-units (87% studios) designed to serve budget-oriented residents in Los Angeles. This high-efficiency model yields an impressive rent of $4.94 per square foot, justifying the property's valuation through proven rental demand for smaller, affordable living spaces. • Immediate Financial Performance and High Returns: At an asking price of $3,150,000, the property offers a current CAP rate of 8.07% and a 10.12% Cash-on-Cash return. This performance significantly exceeds the market average CAP rate of 7.11%, making it an exceptional opportunity for investors seeking robust, immediate cash flow. • Substantial Built-In Revenue Upside: There is significant potential for growth, with the pro forma CAP rate projected at 8.55% and a Cash-on-Cash return of 11.72%. Financial projections show that monthly income can grow from the current $33,661 to a market rate of $41,375, representing a nearly 23% revenue increase as legacy leases are marked to market. • Strategic Location in Historic South Central Hub: Located at 440 E 27th Street, the property is nestled in a thriving rental hub near the University of Southern California (USC) and major transit routes like the Expo Line. The neighborhood is experiencing active revitalization and sits within a demographic area projected to have an average household income of $81,857 within a 3-mile radius by 2026.

La Peer Dr is a, four unit, character-defining 1934 Spanish Colonial Revival property situated on one of Beverly Hills most desirable residential corridors. An exceptional owner user opportunity. The asset comprises two three-bedroom front residences paired with two one-bedroom rear units, one of which has been recently renovated. A classic configuration that affords investors both stable cash flow and substantial upside in rents. These large units appeal to professionals, long term tenants, families and anyone that wants to live in a premier Beverly Hills location. Positioned within the prestigious Beverly Hills 90211 corridor between Burton Way and Wilshire Blvd. The property offers institutional-quality location dynamics with the irreplaceable character of pre-war Beverly Hills architecture. Part of a two property portfolio with 228-230 S Spalding Dr Beverly Hills. Can be purchased together or separately.

EXCEPTIONAL multi-unit property located in the heart of Pico-Robertson, featuring a newly constructed detached 3-bedroom, 3-bathroom rear home plus a charming Spanish-style front duplex, all situated on a single-family-zoned lot. Whether you're an investor seeking strong income potential or an owner-user looking to offset housing costs, this property offers a rare combination of luxury, character, flexibility, and long-term value.The newly constructed detached rear residence will be delivered vacant and offers approximately 1,420 square feet of living space plus an attached 250 square foot garage currently utilized as a bonus room. Meticulously designed with architectural elegance and modern sophistication, the home showcases exceptional craftsmanship throughout, 9-foot ceilings, abundant natural light, high-end custom finishes, marble bathrooms, a private upstairs balcony, private backyard, dedicated driveway, 4 KW solar system, smart switches, and an integrated security system. Large windows create a bright, airy atmosphere while thoughtfully curated details elevate the home's sense of luxury and refinement. The front Spanish-style duplex spans approximately 2,266 square feet and consists of two 2-bedroom units. Rich in character and timeless charm, the duplex beautifully blends classic Spanish architecture with modern comforts. Interior features include original hardwood floors, abundant natural light, remodeled kitchens with updated appliances, in-unit laundry, mini-split HVAC systems, updated windows, and dedicated parking for each unit. The upper unit will be delivered vacant, providing immediate flexibility for an owner-user or additional rental income potential. Live in a luxurious, private modern home while allocating a substantial portion of your mortgage interest and property taxes as business expenses to maximize tax deductions well beyond the standard federal and state limits. Explore converting the front duplex back into a large single-family home (BUYER TO VERIFY). Investors will also appreciate the opportunity to acquire three rentable units in a highly sought-after, supply-constrained rental market adjacent to Beverly Hills. Whether you're seeking a strategic investment, a multi-generational living opportunity, or a property that seamlessly blends lifestyle and financial performance, 1433 Livonia delivers on every level.

Price Reduction! 14 Existing Renovated units + plans for 20 new market-rate units cash flowing at an amazing Current Cap Rate of 8% from day 1! Attractive 2.5M assumable loan (requiring only ~17% down) at an incredibly low rate of 3.9% fixed through 09/01/2027 yielding a remarkable 15.79% cash-on-cash return. Preliminary plans to add 20 new market-rate units to achieve an unheard of 14.49% Cap Rate, 5.6 GRM, and only 141k/unit after taking into account all the construction costs (~1.7M assuming $250/SF). The project is anticipated to deliver over $2.79MM in net profit after all construction and resale costs, yielding an exceptional 125.99% return on levered equity. The plans call for 8 detached ADUs in the back + 5 attached ADUs in the front + 7 new units by right in the front for a total of 20 new units. The 14 existing units have undergone many capital improvements including updated roof, electrical, plumbing, windows, interiors, exteriors, etc.