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We are proud to present a rare and exceptional multifamily investment opportunity in the highly sought-after neighborhood of Toluca Lake—one of Los Angeles’ premier rental submarkets. This well-maintained 18-unit apartment complex, built in 1986, is not subject to LA City Rent Control, providing investors with enhanced flexibility for rent growth and long-term value appreciation. Currently operating at a robust 5.12% CAP rate, the property also includes THREE RTI-APPROVED ADU plans, offering immediate upside potential through increased cash flow and additional unit development. Situated just steps from popular dining, shopping, and entertainment options—and with convenient access to major freeways—this property delivers on both location and performance, making it an outstanding opportunity for savvy investors. Investment Highlights: Year Built: 1986 – Exempt from LA City Rent Control Prime Toluca Lake Location – Walkable to shops, dining, and services Strong Unit Mix – All units fully renovated within the last 4 years Tenant-Paid Utilities – Low operating expenses for ownership Current CAP Rate: 5.12% ADU Upside: Approved plans in place for 3 Accessory Dwelling Units ADUs repurpose underutilized storage/spa areas (no impact to parking) Pro forma CAP Rate post-ADUs projected to exceed 6.0% This is a rare, stabilized asset with significant upside potential through the addition of ADUs—offering both immediate cash flow and long-term growth.
#BB25112358

Toluca Lake

4406 Cahuenga Boulevard

None Beds

None Baths

N/A

$8,500,000

MLS#: BB25112358

One of the most prolific estates in The Mesa neighborhood, "Bellosguardo", architect AIA 1924 has not changed hands in close to 45 years! Nestled on more than 28 acres of prime Palm Springs land, this grand estate sits at the base of Mt. San Jacinto. The 7 bedroom, 10 baths multi structure compound features the main house plus 4 additional individual villas. Villa 1 contains an open living room, chefs kitchen and butlers pantry as well as a secret 2000+bottle wine cellar. The formal dining room with fireplace and wet-bar can seat 32 comfortably. The master suite features a private patio, outdoor shower, dramatic dressing area, his/hers closets, 2 home offices and safe room. The guest suites offer natural rock walls and authentic architectural elements. Famed modernist architect Albert Frey designed "The Rock House" villa of the estate, which features a 2-room suite with walls of glass, fireplace, hand-carved Balinese garden doors, claw-foot tub, rock shower and meditation garden.
#21681668

Palm Springs

252 Ridge Road

7 Beds

10 Baths

7,279 Sq.Ft.

$8,500,000

MLS#: 21681668

A vision of sophistication designed by Angela Luchini of Luchini Designs and renowned architect, Criss Gunderson, this spectacular single-level home captivates the senses. From dawn to dusk, the shimmering ocean is your backdrop. Masterfully rebuilt from the ground up by Thomas Montague of Tomel Development, each detail was curated with the utmost precision. Steel doors and windows create a seamless connection between the indoor and outdoor spaces. The elegant slate roof is a statement in itself! Slide into the infinity edge pool, dine alfresco under the stars, or relax by the warmth of the fire pit; the options are vast. Located in one of the most sought-after gated communities in Southern California, 71 Crest Road East was a labor of love resulting in a stylish and sophisticated retreat where relaxed opulence is treasured.
#PV24024337

Rolling Hills

71 Crest Road E

3 Beds

1 Baths

3,109 Sq.Ft.

$8,500,000

MLS#: PV24024337

A spectacular newly built home in the heart of downtown Carmel's Golden Rectangle, where modern architecture meets coastal elegance. Designed with meticulous attention to detail, this contemporary residence offers three bedrooms, two and a half bathrooms, and an additional office/den. Sleek finishes augment large windows that display ocean views and the natural beauty of the surrounding area. The primary suite is a tranquil retreat with a spa-like en-suite bathroom and access to a beautifully landscaped, private yard with a covered patio and fireplace, hot tub and separate fire pit. Two additional bedrooms provide comfortable and private spaces for family or guests. Whether you're enjoying morning coffee or entertaining guests, this outdoor space is perfect for soaking in the serene surroundings and the sound of crashing waves. This home embodies the best of Carmel living, offering both modern luxury and an unbeatable location just moments from world-class dining and shopping, or taking a stroll on Carmel Beach.
#ML81999251

Carmel

0 Carmelo 3 SW of 11th Avenue

3 Beds

2 Baths

2,353 Sq.Ft.

$8,500,000

MLS#: ML81999251

Behind the gated entry lies a 4.5 acre, luxury oasis, perfectly situated overlooking stunning panoramic views. Created by the renowned, Tony Ashai, this estate is a masterpiece of design and craftsmanship featuring 5 bedrooms + den, an office, 7.5 bathrooms, over 9,600 sq. ft. in the main house, and 6-garage spaces. The grand entrance exudes opulence, as you enter the formal living room you are greeted by expansive views. The easy flow of the floorplan allows the spacious main level to feel comfortable and livable. Enjoy entertaining in the large custom kitchen and formal dining room. The west wing of the home leads to the main bedrooms, all boasting en-suite bathrooms and walk-in closets. Three of the bedrooms enter off of a private den which is perfect for children to make their own. The master bedroom is the ultimate retreat, complete with a spa like bathroom, walk-in closet, and a fireplace with seating area. The spacious lower level is great for entertaining with a game room, movie theater, sauna, and den. Enjoy the beautiful backyard oasis including an outdoor kitchen, huge deck as well as a pool and spa all overlooking a sprawling lawn with unobstructed views of the city, mountains, downtown, queens necklace and ocean! The 2 bedroom, 1 bathroom, 1400 sq. ft. guest house has a kitchen, living room, private driveway and 2-car garage. The possibilities are endless with room for a riding ring, barn or tennis court, sports court and more. This property truly has it all!
#PV18112775

Rolling Hills

12 Upper Blackwater Cyn Road

7 Beds

5 Baths

11,127 Sq.Ft.

$8,500,000

MLS#: PV18112775

A very special opportunity awaits to complete this one-of-a-kind Newport Beach estate property. Located at the end of a cul-de-sac in the private, guard-gated community of Belcourt in Newport Beach, this oversized parcel of approximately .8 acres includes spacious gardens, lawns, a private tennis court, and a 5,600 square foot traditional style residence. The home is ready for remodeling and has had some pre-renovation demolition completed. Conceptual plans for the home include an updated exterior restyling, an addition of approximately 1,000 square feet, a reconfigured main level plan, a new pool and guest house ADU, and a refurbished garden plan. This is a truly unique chance to enjoy a lifestyle not afforded elsewhere in Newport Beach. Also on offer is a vacant parcel next door featuring an additional one-half acre of gardens. Its address is 7 Leesbury Court ($5.85 million). It poses many possibilities to join with 9 Leesbury to further distinguish the estate.
#NP25019428

Newport Beach

9 Leesbury Court

5 Beds

5 Baths

5,646 Sq.Ft.

$8,500,000

MLS#: NP25019428

Experience the apex of Strand living at this ocean front Manhattan Beach property. For sale in one of the best spots in town, this striking contemporary penthouse residence, approx 2,740 sq ft, is where you can ponder uplifting panoramas of coastline, ocean and sky from one of 3 private decks, or step outdoors to surf and swim in the waves. This 3-bedroom, 4-bathroom Manhattan Beach Townhome is one of two at this prized corner address, where you enjoy an extra 105 feet of ocean views along the north-facing walk street—a rare property for sale. This Manhattan Beach Strand home was taken down to the studs for a total style and tech refresh. The result is a 2-level designer home where you wake in a fireplace master suite, checking surf from your bedroom patio before stepping into a 73-inch soaking tub or ThermaSol steam shower, with aromatherapy, lighting and sound controlled on iPad or smartphone. So is everything else in this smart home, from security and blinds to temperature, lights and music—even the Thermador oven. Walk down the hall to the sun-splashed living room and kitchen, where stunning ocean views are framed by French white oak floors and porcelain tiles. Enjoy breakfast in a chic kitchen filled with white Italian cabinetry and Thermador appliances before stepping onto the deck to savor Pacific Ocean breezes. The flow of the home is easygoing and sunlit, with an extra bedroom and bathroom on the lower level that’s ideal for guests or use as an office. This Manhattan Beach home caters to a versatile lifestyle, where quiet days can be spent working and enjoying the beach lifestyle, or entertaining friends over vivid sunsets on the deck and favorite vintages in the 450-bottle wine room gilded with Italian glass. At this central location, you can leave your car in the garage and cycle 5 minutes along the Strand to reach Downtown shopping and dining, or stroll 10 minutes to yoga or lunch at a sidewalk cafe in the charming North End.
#SB25122574

Manhattan Beach

2522 The Strand

3 Beds

3 Baths

2,740 Sq.Ft.

$8,500,000

MLS#: SB25122574

Enjoy Indoor-Outdoor living at this Point Dume estate tucked behind gates and nestled near the end of the cul-de-sac, just a few houses away to Little Dume.The main house offers 5 bedrooms, 5 baths, with open living and dining areas, media rooms, and wine cellar. The master suite includes a spa-like bathroom, large closet, fireplace, and balcony leading to the viewing tower with 360-degree mountain and ocean views. There are two, detached guest suites, complete with kitchenettes and private, balconies. The grounds feature a beautiful pool, lighted tennis court and endless entertaining areas!
#18401684

Malibu

28820 GRAYFOX Street

5 Beds

5 Baths

5,999 Sq.Ft.

$8,500,000

MLS#: 18401684

The Willows Town Homes are located in a desirable area of the Oakdale rental market. The property is comprised of 56 units. Including a variety of 3 bedrooms with 2 baths and 2 bedrooms with 2 baths, that can be divided into 56 town homes and sold individually, or kept intact as an apartment community. This offering affords a multi-family investor the opportunity to own a solid asset in a strong market with excellent long-term investment fundamentals and immediate rental upside. The town homes include a 2 car garage, back patio space, inside laundry room with washer and dryer hookups, Heat pump system electric heat and air. 15-20 units have new flooring installed and the stoves have been replaced in 25% of the units. Located steps away from Oakdale Shopping Center with restaurants, coffee, groceries and more.
#ML81682671

Oakdale

None

None Beds

None Baths

N/A

$8,500,000

MLS#: ML81682671

Architectural custom built estate featuring approx. 10k square feet of upscale living on an exceptional 23,500 square-foot lot in the heart of coveted Royal Oaks in Encino.
#SR18101073

Encino

16174 Woodvale Road

8 Beds

11 Baths

9,839 Sq.Ft.

$8,500,000

MLS#: SR18101073

This extraordinary rare corner oceanfront location offers magnificent, unobstructed “sit-down” panoramic ocean views from all levels with a stunning backdrop of golden sunsets year round, Catalina Island and crashing surf. Uniquely offering 5 bedrooms and 5 full bathrooms to comfortably accommodate large families and their guests in addition to parking for 4 cars! Enjoy entertaining and timeless memories with the finest beachfront lifestyle located right outside your back door. Outdoor living at its finest with a large oceanfront patio for alfresco dining plus decks off the mid and upper levels providing breathtaking 180 degree views of the coastline. The exterior offers timeless coastal architecture with new paint and glass panes in windows. The light and bright open and flowing interior with voluminous ceilings and 10 skylights throughout was recently painted in a clean, white palette including cabinetry to showcase a coastal beach-vibe. The main level features a an inviting entry foyer, guest suite with full bathroom, family room with built-ins, coffered ceiling, fireplace, wet bar and private office with inspiring views of the blue Pacific. Ascend the curved staircase with towering skylight to the main living level that showcases breathtaking views, an open Chef's kitchen with abundant natural light including breakfast bar, granite counters, 48” Sub Zero refrigerator, Bosch dishwasher, custom built-ins, fireplace, refinished deck for morning coffee and a formal dining room with ocean views. Down the hall you’ll find 3 spacious guest suites all with vaulted ceilings and one with an en-suite bath. The upper level is exclusively the private master suite with vaulted ceilings, roof top deck, a spacious bathroom with dual sinks, jetted spa tub and walk-in closet. For those desiring to minimize stairs, the home is elevator ready and was designed into the original plans for ease of implementation and access to all levels. Other features include dual central A/C (newer), separate laundry room, custom lighting, security system w/ cameras, 2 car single car garages with storage, epoxy floors and off street parking for 2 additional cars. The tax records show the original home was built in 1958 but the home was completely re-built and renovated down to the studs in 1998. Easy access from PCH and to restaurants located across the street. Simply the finest location in West Newport for those searching to find the best views and luxury beach lifestyle. Surf’s up!
#OC22136555

Newport Beach

7010 W Oceanfront

5 Beds

5 Baths

3,076 Sq.Ft.

$8,500,000

MLS#: OC22136555

Modern design meets casual, coastal elegance in this must-see Malibu home that commands breathtaking ocean views. Tucked away in the exclusive Latigo Beach community, this magnificent abode features four bedrooms and four baths in the main house and a one bedroom guest house offering its own private entrance. Step inside the impeccably crafted interior to discover open-concept gathering areas, soaring ceilings, walls of glass, and a color palette evocative of your stunning natural surroundings. Shimmering Pacific waters create a picture-perfect backdrop as you linger in the warmth of the living room fireplace or host dinner parties in the adjacent dining room. Assemble culinary masterpieces in your galley kitchen equipped with stainless steel appliances, tons of gorgeous cabinetry, a walk-in pantry, and a climate-controlled wine closet.Nautical touches are on display throughout as you make your way from the lower-level bedrooms to the top floor primary suite. Take advantage of multiple outdoor spaces where you'll find plenty of room to relax in the sea breezes, dine al fresco, or enjoy a favorite beverage as you watch the sun setting over the water. Soothe away the stresses of the day in the refreshing spa. As a premium perk, your desirable location treats you to beach access, plus numerous shopping and dining destinations nearby. Indulge in a life of ocean-front luxury that most only dream of. Come for a tour before this rare gem is gone for good!
#P1-8916

Malibu

26645 Latigo Shore Drive

5 Beds

4 Baths

5,800 Sq.Ft.

$8,500,000

MLS#: P1-8916

New construction. These 24 spacious units sit close to the downtown Fontana. Each unit has its own washer and dryer hook ups. Each unit has their own private, gated patio or balcony. Each unit has their own efficient tankless water heaters. Each unit is finished with stainless steel appliances in the kitchen, quartz countertops, tiled floors, central air conditioning and heating and ceiling fans. Each tenant has assigned parking. The property is within walking distance of Chaffey College and Veteran's park.
#OC24247026

Fontana

8969 Newport Avenue

None Beds

None Baths

N/A

$8,500,000

MLS#: OC24247026

Custom built in 1991, this stunning oasis is nestled on a quiet cul de sac. As you enter a spacious foyer, the open living & dining room extends to the outdoors w/walls of sliding glass. The loggia beyond features a seating area w/fireplace & dining area flanked by overhead heaters & is coveted space year-round w/retractable curtain to close off the large patio. The kitchen has a grand center island w/prep sink & warming drawer, & an adjacent family room. The primary ensuite has a fireplace, seating area, 2 walk-in closets, 2 wall closets, & a separate workout room opening to the backyard for fresh air. There's also a bonus room for many options. The guest house has a living room w/fireplace, full kitchen w/dining, a bedroom & bathroom. A nice feature is its own patio w/dining area. Other conveniences: Wine closet, wet bar off the dining area, 2 coat closets, tons of storage, skylights galore. The grounds are spectacular on a level lot w/gorgeous roses & Italian pottery.
#ML81924882

Atherton

41 Belbrook Way

3 Beds

2 Baths

3,800 Sq.Ft.

$8,500,000

MLS#: ML81924882

EXCLUSIVE LUXURY HOME BLOCKS FROM DOWNTOWN | A long, gated drive escorts you to this state-of-the-art residence built in 2021, just moments from exciting Downtown Los Altos. Step into an indoor-outdoor oasis of seamless enjoyment, complete with a 1,100 SF great room with 16-foot ceilings, a German-engineered LEICHT® kitchen, and multiple patiosprime for entertaining. Each bedroom provides outdoor access, and the main-level guest quarters can be sealed off for privacy. Nestled at the rear, the sprawling primary retreat offers dual walk-in closets and a spa bath. The walk-out lower level boasts a family room, office, home theater, and au pair quarters. Amenities include 9-foot ceilings throughout, multi-zone climate control, built-in speakers, Lutron® remote shades, and wide-plank chestnut oak floors. Near parks, shopping and dining, freeways, and tech centers. Sought-after nearby schools include Covington Elementary, Blach Intermediate, and Los Altos High (buyer to verify).
#ML81976491

Los Altos

559 S El Monte Avenue

5 Beds

5 Baths

5,110 Sq.Ft.

$8,500,000

MLS#: ML81976491

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* Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request. © 2024. First Multiple Listing Service, Inc.
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