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*CALL FOR OFFERS ON MARCH 28th*

We are pleased to present the Westgate Apartments, a pride of ownership 31-unit asset in the highly desirable market of Simi Valley. The property is currently being operated as a 55+ community, but all covenants have expired and a new owner may choose to operate it with traditional tenants moving forward. The current 31 units on site are operating 88% below market rate. The property is also eligible for SB1211 allowing 8 detached ADU's on the property and 1 attached ADU for a total of 9 new 2 bed + 2 bath units, which would increase the gross income upside 167%. It is very rare to find a 1980's vintage asset at only $183k/unit. With the current in place rents the cap rate increases to a 8.1% after factoring in 1M in build costs for the 9 ADU's. Once all units are rented at market and ADU's are built, assuming a cost to renovate and build of $2.1; the property will operate at 10.56% cap rate and a 7 GRM. The property is fixed with common area amenities including a rec room as well as outdoor areas for grilling and socializing. 1850 Williams St is located in the heart of Simi Valley - just minutes away from restaurants, retail and supermarkets. This deal is perfect for investors looking for value-add, pride of ownership assets in a good neighborhood.

Simi Valley

1850 Williams Street

None Beds

None Baths

15,869 Sq.Ft.

$5,700,000

MLS#: SB25054169

Complicated Transaction, One of a Kind Term Estate Sale With Many Obstacles and Hold Up's.

Beverly Hills

607 N ARDEN Drive

4 Beds

5 Baths

4,290 Sq.Ft.

$5,700,000

MLS#: 16158876

La Jolla

1624 Torrey Pines Rd

5 Beds

5 Baths

3,500 Sq.Ft.

$5,700,000

MLS#: 250029326SD

Sold before processing. Entered for comp purposes only.

Corona Del Mar

319 Larkspur

4 Beds

4 Baths

2,880 Sq.Ft.

$5,700,000

MLS#: NP22001979

It's all about the views at this stunning Spanish style home designed by Marc Appleton. Unobstructed vistas welcome you immediately upon walking into the formal living room with sights of the Pacific Ocean, Catalina, the skylines of Century City and Downtown LA, as well as the canyons of Bel-Air. This wonderful floor plan offers two primary suites, perfect for guest privacy, with the main level suite conveniently tucked away from the living area. The newly renovated chef's kitchen is sleek and luxurious complete with top-of-the-line stainless steel appliances and a window looking out to the City lights below. An elegant media room and formal dining room complete the main floor. Upstairs find the main primary suite with a large walk-in closet, bathroom and wall of windows flooding the room with light. The second floor also has a home office and a second bedroom with its own bath, walk-in closet and sitting area with beautiful views. Notable architectural details throughout include arched doorways and windows, exposed beams, vaulted ceilings as well as Moroccan influenced tile and doors. The gracious patio, side yard and lower deck allow for al fresco dining and panoramic sunsets. Minutes to everything Beverly Hills and the West Side has to offer, yet high up enough to feel serenely peaceful.

Los Angeles

1812 Bel Air Road

3 Beds

4 Baths

4,237 Sq.Ft.

$5,700,000

MLS#: 24368265

North Laguna | Emerald Terrace Gem - When location, view orientation, layout, build quality and finish are all of the highest importance, we present 1680 Louise Street, a welcomed remedy for those not interested in compromising. Ideally resting on a peaceful non-feeder street, this thoughtfully designed and exquisitely rebuilt (2017), 4 bed, 4 bath home is just a short stroll to your choice of Laguna's pristine bays and coves. While known for premier beaches, the community of North Laguna is also highly sought after for the ability to be in the Village in seconds, while avoiding the downtown traffic when going north to Newport, shopping, airport etc., affording a significant lifestyle advantage. But perhaps the best feature of this specific location is the view orientation, perfectly positioned for stunning sunsets throughout the year, breathtaking views of the sparkling blue Pacific and Catalina Island. To get such views on a large and level lot is extremely rare and truly affords the best of both worlds. Experience the luxury of an expansive, sprawling, open level floor plan with both spacious front and back lush garden patios. At the touch of a button, automated doors disappear into the wall, effortlessly creating a seamless indoor/outdoor experience, perfect for entertaining or just enjoying the tranquility of relaxed, grounded living with total privacy. Mature landscaping and the beneficial arch of the street, with nearly 90 feet of gently curving frontage, work in concert to produce privacy on both the front deck/ patio in addition to the backyard. This North Laguna Masterpiece checks all the boxes, including the finest materials throughout, gourmet kitchen w/ walk in pantry, outdoor fireplace feature, built in BBQ island complete with sink, large walk-in closet, soaking tub, both upper and lower primary bedrooms w/ double sinks, built-in speakers throughout, substantial storage, generously fruit bearing citrus trees, city light views, ample parking and total backyard privacy. However, neither words nor images can adequately convey the peaceful serenity and ease of living this gorgeously appointed and gracefully designed home provides. One simply must tour this special property to fully appreciate what years of thoughtful planning and design have created.

Laguna Beach

1680 Louise Street

4 Beds

4 Baths

3,197 Sq.Ft.

$5,700,000

MLS#: OC24159078

Escondido

945 Mission Avenue

None Beds

None Baths

7,500 Sq.Ft.

$5,700,000

MLS#: NDP2504882

An epic opportunity awaits to own five magnificent, buildable oceanfront acres on Abalone Cove. Just north of Rocky Point on stunning Highway 1, this well-built, custom 3 bedroom, 3.5 bath single level home has great potential to improve and make your own. Secluded and private, this is a remarkable value and one of the finest properties along the coast.

Monterey

35838 Highway 1

3 Beds

3 Baths

3,115 Sq.Ft.

$5,700,000

MLS#: ML81811509

15 unit coastal multifamily property consisting mostly of 2-bedroom, 1.5 bathroom townhomes with gar and small yard. Great location within walking distance to dining, transit center and beach. Good in-place income with outstanding cash flow at market rental rates. ADU potential. Desirable unit mix with spacious units. Peek ocean view from rear units. Some new windows and sliding glass doors. Drive by discreetly without disturbing the tenants or management

Oceanside

221 S Nevada St.

None Beds

None Baths

N/A

$5,700,000

MLS#: 240016646SD

This exclusive property presents an opportunity to build a contemporary with sweeping views of the city, canyons, and ocean. This private and gated estate is perched into the hill and designed to maximally utilize the panoramic scenery. In addition to the natural light that glistens through the glass walls, the grand entry leads to a dramatic open floor-plan with soaring 10ft to 12 ft ceilings that add to its architectural appeal. Featuring 5 luxurious bedroom suites, 6.5 baths, an office, gym, and state of the art kitchen with flexibility to open sliding glass doors. Porches and patios are infused into the design in a seamless fashion to blend and enhance the indoor/outdoor appeal. Lush landscaped 2.75 acre grounds feature terraced gardens and a uniquely integrated infinity edge swimming pool. Nestled in a park-like dreamy setting, approved plans are ready for this ultimate masterpiece. Property can be subdivided to build an additional home.

Los Angeles

1211 Linda Flora Drive

5 Beds

6 Baths

8,631 Sq.Ft.

$5,700,000

MLS#: 24444275

"Vacant lot " Front row located on a highly sought after street Kings Place, buildable vacant lot that you can build an incredible home with a spectacular Ocean View, Newport Harbor, City Lights and Back bay. Million dollar retaining walls and foundation are in place and ready for the next step in building your Ocean View dream home.

This buildable lot is approximately one-third acre with room for an estate home, swimming pool, tennis court/ pickle-ball, fire pit and endless ideas and opportunities to make it your dream home.

Newport Beach

124 Kings Place

None Beds

None Baths

0.3527 acres

$5,700,000

MLS#: OC24244107

Santa Monica

439 21st Street

None Beds

None Baths

0.2052 acres

$5,700,000

MLS#: 25511701

Yucca Valley

57980 Twentynine Palms

None Beds

None Baths

104,442 Sq.Ft.

$5,700,000

MLS#: DW25125650

Los Angeles

1814 W 36th Street

None Beds

None Baths

3,900 Sq.Ft.

$5,700,000

MLS#: PW25154694

Santa Cruz

4360 Opal Cliff Drive

3 Beds

2 Baths

2,427 Sq.Ft.

$5,700,000

MLS#: ML81952349

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