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[City] => Granada Hills
[PostalCode] => 91344
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[ListOfficeName] => Pinnacle Estate Properties
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[PublicRemarks] => REDUCED $25,000 REDUCED!!!!! This is your chance. Incredible investment and development opportunity in the heart of Granada Hills! Two duplexes totaling four 1-bedroom, 1-bath units sit on an expansive 10,500+ sq. ft. lot and include two detached two-car garages. The property offers tremendous potential for an investor or developer looking to capitalize on the generous lot size and existing improvements.
The two existing garage structures may provide an opportunity to explore the addition of two units, potentially creating a six-unit configuration. Buyer to independently verify all development potential, zoning, permits, and requirements with the appropriate agencies.
Recent improvements include upgraded electrical systems and new panels brought up to current code and the exterior was updated with new wood/Tyvek and painted in 2022. Three of the four units feature waterproof faux-wood laminate flooring and freshly painted interiors.
Located within walking distance to grocery stores, restaurants, shopping, and everyday conveniences, this property offers a rare combination of a substantial lot, four existing units, significant garage space, and future development possibilities in a desirable Granada Hills location. An opportunity worth exploring for investors and developers looking for their next value-add project.
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[Country] => US
[CountyOrParish] => Los Angeles
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[Directions] => S of Chatsworth, E of White Oak
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Built in 2009, this property features two spacious 4-bedroom, 2-bathroom units—a hard-to-find configuration that gives you a rental product designed for larger households, multigenerational living, and roommate-style tenants. Bigger units can also provide an opportunity for stronger rental income than the typical smaller multifamily units found throughout the area.
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The value-add story is where this gets interesting. If current rents are below market, a new owner may have an opportunity to increase income as units turn over and are repositioned. That potential rent growth can make this an appealing long-term buy-and-hold strategy for a cash investor focused on building equity and positioning for future appreciation.
Even better, 126 W 66th St is one of seven properties being offered as a package. For investors ready to move beyond a single property, the package provides an opportunity to acquire multiple assets and build a larger Los Angeles rental portfolio in one transaction.
Located in Los Angeles with access to major transportation routes, shopping, employment centers, and surrounding neighborhoods, this duplex offers a practical combination of current rental utility and long-term investment potential.
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Cash buyers, this one is worth a closer look. If your strategy is to acquire real estate, create additional rental income, hold for the long term, and position yourself for potential appreciation, this duplex gives you a strong starting point.
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Built in 2015, the property includes approximately 5,125 square feet of living space and features three spacious 4-bedroom, 4-bathroom units. This uncommon unit mix gives investors flexibility, with layouts that appeal to larger households, multigenerational families, and roommate-style renters.
Each townhouse-style unit offers generous living areas, practical floor plans, in-unit laundry, ample storage, and a private garage. With a full bathroom for every bedroom, these homes provide the comfort and convenience many renters are looking for today.
The newer construction may also help reduce the maintenance concerns often associated with older multifamily properties. Modern systems, durable materials, and functional layouts can help keep the property competitive and attractive to tenants over the long term.
This triplex is also one of seven properties offered in a package, giving cash buyers the opportunity to expand their portfolio and acquire multiple income-producing assets in one transaction. Investors can purchase this property separately or explore the full package for a larger presence in the Los Angeles rental market.
Located in South Los Angeles, the property offers convenient access to major freeways, shopping, schools, employment centers, and surrounding neighborhoods. With its newer construction, high-demand unit mix, and location, this is an opportunity to buy and hold while positioning for long-term income and potential appreciation.
3 Units | Three 4-Bedroom/4-Bathroom Units | Approx. 5,125 SF | Built in 2015 | Townhouse-Style Layouts | In-Unit Laundry | Private Garages | Newer Construction | Strong Rental Appeal | One of 7 Properties in Package
Cash buyers looking for a modern multifamily asset with long-term potential should take a close look. Purchase this triplex individually or acquire the full 7-property package and grow your Los Angeles investment portfolio in one move
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Built in 2015 and totaling approximately 5,125 SF, the property features three spacious 4-bedroom, 4-bathroom units. That’s a hard-to-find unit mix in Los Angeles and gives you multiple ways to attract strong rental demand, including large households, multigenerational living, and roommate-style arrangements.
Each townhouse-style unit offers generous living space, a functional floor plan, in-unit laundry, ample storage, and a private garage. With a full bathroom for each bedroom, these units are designed around the way many renters actually live today.
For investors, the 2015 construction is a major advantage. Newer systems and materials can mean fewer headaches and potentially lower maintenance costs than older multifamily properties, while the modern layouts help keep the property competitive in the rental market.
And here’s where it gets even more interesting: this triplex is one of seven properties being offered as a package. For a cash investor looking to build a larger Los Angeles rental portfolio, the package creates an opportunity to acquire multiple income-producing properties at once and establish a meaningful foothold in the market.
Located in South Los Angeles with convenient access to major commuter routes, shopping, schools, employment centers, and surrounding Los Angeles neighborhoods, this property is positioned for long-term ownership and potential appreciation.
3 Units | 3 x 4-Bedroom/4-Bathroom | Approx. 5,125 SF | Built 2015 | Townhouse-Style Units | In-Unit Laundry | Private Garages | Newer Construction | Strong Rental Appeal | One of 7 Properties in Package
Cash investors: this is an opportunity to think bigger than the next rent check. Acquire a newer multifamily asset, provide tenants with a product they actually want, and position yourself for the long game in Los Angeles. Purchase this property individually or explore the full 7-property package and build your portfolio in one move.
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[ListingKey] => 1178827672
[ListingId] => 26867229
[PropertyType] => Residential Income
[StandardStatus] => Active
[ModificationTimestamp] => 2026-10-29T21:47:24Z
[RFModificationTimestamp] => 2026-10-29T21:56:49Z
[ListPrice] => 3500000
[BathroomsTotalInteger] => 6
[BathroomsHalf] => 0
[BedroomsTotal] => 8
[LotSizeArea] => 2900
[LivingArea] => 4002
[BuildingAreaTotal] => 4002
[City] => Hermosa Beach
[PostalCode] => 90254
[UnparsedAddress] => 114 Hermosa Avenue, Hermosa Beach, California 90254
[Coordinates] => Array
(
[0] => -118.397542
[1] => 33.854072
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[Latitude] => 33.854072
[Longitude] => -118.397542
[YearBuilt] => 1971
[InternetAddressDisplayYN] => 1
[FeedTypes] => IDX
[ListAgentFullName] => Maxwell Forester
[ListOfficeName] => BRC Advisors- BH
[ListAgentMlsId] => CLW-C146038
[ListOfficeMlsId] => CLW-X82405
[OriginatingSystemName] => CRMLS
[PublicRemarks] => We are pleased to present the exclusive offering of 114 Hermosa Ave, a premier coastal apartment investment located just steps from the beach in the highly sought-after Hermosa Beach submarket. This exceptional asset represents a rare opportunity to acquire a 4-unit apartment community in one of Southern California's most supply-constrained and desirable rental markets. Originally constructed in 1971, the property consists of approximately 4,002 rentable square feet situated on a 2,900 square foot lot. Residents enjoy stunning ocean views from the property, further enhancing its desirability and long-term rental appeal. Ideally situated within walking distance of the Hermosa Beach Pier, The Strand, award-winning restaurants, boutique retail, and major employment centers throughout the South Bay, the property offers an unmatched coastal lifestyle. Additional amenities include private balconies for every unit, eight covered parking spaces, private storage units for each resident, a community laundry facility conveniently located within the carport, and a shared rooftop deck offering panoramic ocean and coastline views. The property is currently operating at a 3.28% capitalization rate and a 20.01 GRM, presenting investors with meaningful upside through interior unit renovations and strategic upgrades that can drive rental growth and enhance overall property performance. Based on market rents, the asset offers the potential to achieve an estimated 4.25% market capitalization rate and 16.67 GRM, providing a compelling value-add opportunity while benefiting from the long-term stability of the Hermosa Beach rental market. With exceptionally high barriers to entry, limited new multifamily development, and consistently strong tenant demand, 114 Hermosa Ave offers investors the opportunity to acquire a trophy coastal asset with durable cash flow, significant income growth potential, and long-term appreciation in one of Los Angeles County's most coveted beachfront communities. The property's premier coastal location, breathtaking ocean views, exceptional resident amenities, and value-add potential position it as a truly outstanding investment opportunity in one of Southern California's most prestigious beach communities.
[Appliances] => Dishwasher, Refrigerator
[BackOnMarketDate] => 2026-10-13
[CLIP] => 2366520432
[CapRate] => 3.28
[CarportYN] => 1
[CoListAgentAOR] => Out of Area Board
[CoListAgentDirectPhone] => 310-956-2291
[CoListAgentEmail] => john@brcadvisors.com
[CoListAgentFirstName] => John
[CoListAgentFullName] => John Katnik
[CoListAgentKey] => 17067022
[CoListAgentKeyNumeric] => 17067022
[CoListAgentLastName] => Katnik
[CoListAgentMlsId] => CLW-C133711
[CoListAgentStateLicense] => 02002695
[CoListOfficeAOR] => Southwest Los Angeles
[CoListOfficeFax] => 310-651-9626
[CoListOfficeKey] => 3243577
[CoListOfficeKeyNumeric] => 3243577
[CoListOfficeMlsId] => CLW-X82405
[CoListOfficeName] => BRC Advisors- BH
[CommonWalls] => 1 Common Wall
[ContractStatusChangeDate] => 2026-08-04
[Cooling] => None
[Country] => US
[CountyOrParish] => Los Angeles
[CreationDate] => 2026-08-04T17:21:43.189029+00:00
[DaysOnMarket] => 96
[DaysOnMarketReplication] => 86
[DaysOnMarketReplicationDate] => 2026-10-29
[DaysOnMarketReplicationIncreasingYN] => 1
[DirectionFaces] => West
[Directions] => From Pacific Coast Hwy turn west on Herondo St. Turn North on Hermosa Ave.
[Disclosures] => Coastal Commission Restrictions,Coastal Zone
[GrossIncome] => 174900
[Heating] => Forced Air,Wall Furnace
[HeatingYN] => 1
[RFTransactionType] => For Sale
[InternetAutomatedValuationDisplayYN] => 1
[InternetConsumerCommentYN] => 1
[InternetEntireListingDisplayYN] => 1
[LaundryFeatures] => Common Area,In Carport
[Levels] => Multi/Split
[ListAgentAOR] => CLAW
[ListAgentDirectPhone] => 310-344-7741
[ListAgentEmail] => maxwell@brcadvisors.com
[ListAgentFirstName] => Maxwell
[ListAgentKey] => 30167392
[ListAgentKeyNumeric] => 30167392
[ListAgentLastName] => Forester
[ListAgentStateLicense] => 02283478
[ListOfficeAOR] => Southwest Los Angeles
[ListOfficeFax] => 310-651-9626
[ListOfficeKey] => 3243577
[ListOfficeKeyNumeric] => 3243577
[ListingAgreement] => Exclusive Right To Sell
[ListingContractDate] => 2026-08-04
[ListingKeyNumeric] => 1178827672
[ListingService] => Full Service
[LivingAreaSource] => Assessor
[LotSizeAcres] => 0.0666
[LotSizeSource] => Assessor
[LotSizeSquareFeet] => 2900
[MLSAreaMajor] => 148 - Hermosa Bch Sand
[MlsStatus] => Active
[NetOperatingIncome] => 114751
[NumberOfBuildings] => 1
[NumberOfUnitsTotal] => 4
[OccupantType] => Tenant
[OnMarketDate] => 2026-08-04
[OnMarketTimestamp] => 2026-08-04T09:39:26Z
[OriginalEntryTimestamp] => 2026-08-04T09:27:57Z
[OriginalListPrice] => 3500000
[OriginatingSystemID] => CL
[OriginatingSystemKey] => 448550760
[OriginatingSystemSubName] => CRMLS_CL
[ParcelNumber] => 4188012038
[ParkingFeatures] => Assigned, Covered, Carport, Storage
[ParkingTotal] => 8.0
[PhotosChangeTimestamp] => 2026-08-04T17:10:37Z
[PhotosCount] => 20
[PoolFeatures] => None
[Possession] => Close Of Escrow
[PostalCity] => HERMOSA BEACH
[PostalCodePlus4] => 5025
[PropertyAttachedYN] => 1
[PropertyCondition] => Fixer
[SourceSystemID] => TRESTLE
[SourceSystemKey] => 1178827672
[SpaFeatures] => None
[SpecialListingConditions] => Standard
[StateOrProvince] => CA
[StatusChangeTimestamp] => 2026-08-04T00:00:00Z
[StoriesTotal] => 3
[StreetName] => Hermosa
[StreetNumber] => 114
[StreetNumberNumeric] => 114
[StreetSuffix] => Avenue
[TenantPays] => Electricity, Gas
[UniversalPropertyId] => US-06037-N-4188012038-R-N
[VacancyAllowanceRate] => 3
[View] => Bay,Catalina,City Lights,Coastline,Harbor,Marina,Ocean,Panoramic,Pier,Water
[ViewYN] => 1
[WaterfrontFeatures] => Ocean Access
[YearBuiltSource] => Assessor
[Zoning] => HBR3*
[CustomFields] => {
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"ListingKey": "1178827672"
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[PricePerArea] => 874.56
[HumanModifiedYN] =>
[PricePerAreaUnit] => Dollars Per Square Foot
[@odata.id] => https://api.realtyfeed.com/realtyfeed/odata/Property('1178827672')
[CurrentPrice] => 3500000
[provider_name] => CRMLS
[RecordSignature] => -1366797956
[UniversalParcelId] => urn:reso:upi:2.0:US:06037:4188012038
[CountrySubdivision] => 06037
[PreviousStandardStatus] => Active Under Contract
[OriginatingSystemListOfficeKey] => 361528028
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