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$4,475,000 (USD)
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Los Angeles Area Multi-Family Home

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11254 Mississippi Ave Los Angeles, CA 90025

9 Bed
0 Baths
6664 sqft
MLS# 25586673
11254 Mississippi Avenue offers the rare opportunity to own a newer-construction luxury West LA fourplex in the vibrant heart of Sawtelle, with a stunning vacant 3-bedroom, 3-bathroom townhouse-style private rear unit perfectly suited for an owner-user. Just steps from Sawtelle Blvd's acclaimed dining and shopping scene, and minutes from Westwood, Brentwood, Santa Monica, Century City, and the UCLA campus, this property combines unbeatable convenience with modern luxury living. In addition to the 3-bedroom unit, the residence features three 2-bedroom, 2.5-bathroom townhouse-style units with exceptional privacy and abundant natural light. Each unit features a spacious layout and large rooftop decks with panoramic city views. The property also provides 8 garage parking spaces, a highly desirable amenity in this area. These upscale modern units rent quickly thanks to their excellent location, thoughtfully designed floor plans, and high-end finishes. Each home is well-designed with modern features, open-concept layouts, and high ceilings. Whether you're an investor or an owner-occupant, this turnkey building presents a fantastic opportunity in one of West LA's most desirable neighborhoods. This luxury, low-maintenance building offers strong income potential, excellent tenant appeal, and a perfect setup for owner-occupancy.
Listing Courtesy of Combined L.A. Westside (CLAW) / Coldwell Banker Realty / Anisa Abji
$2,300,000 (USD)
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Garden Grove Area Multi-Family Home

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12221 Peacock Ct Garden Grove, CA 92841

8 Bed
0 Baths
6018 sqft
MLS# 26634525
12221 Peacock Ct presents a compelling opportunity to acquire a 10-unit multifamily asset in the heart of Garden Grove. Offered at $2,300,000, the property is priced at $382.19 per square foot and $230,000 per unit, positioning it competitively within the Orange County multifamily market. The asset offers a stable in-place cash flow with clear value-add potential through renovations that can drive higher rental income. At current operations, the property is offered at a 4.73% CAP rate with a 12.00 GRM, while the proforma CAP rate improves to 4.83% with a proforma GRM of 11.85, reflecting achievable income growth through unit upgrades and operational enhancements. These metrics highlight the property's ability to deliver consistent returns in a high-demand rental submarket. Constructed in 1961, the two-story building spans 6,018 square feet on an oversized 11,292 square-foot lot, zoned R-3, allowing for strong long-term value preservation. Situated on a desirable corner lot and surrounded by single-family homes, the property benefits from enhanced curb appeal, a quieter residential environment, and strong tenant demand. The combination of lot size, neighborhood character, and renovation potential positions the asset for long-term income growth and appreciation. Located in one of Garden Grove's most sought-after neighborhoods, 12221 Peacock Ct enjoys proximity to shopping centers, dining destinations, parks, and cultural hubs throughout Orange County. The area's strong employment base and residential character support high occupancy levels and competitive rental rates, driven by strong tenant demand and convenient access to employment centers and transportation corridors. RUBS for Year 2023: $5,936; Year 2024: $7,974.38, and Year 2025: $7,641.70 collected. Currently, 3 units are vacant.
Listing Courtesy of Combined L.A. Westside (CLAW) / Coldwell Banker Realty / Anisa Abji