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One of the finest buildings in Long Beach! Now Offered at $5,095,000 with Seller Financing Considered. Introducing Millie Jean, a completely reimagined 12-unit apartment community located at 1820 E. 2nd Street in the heart of Alamitos Beach, one of Long Beach’s most desirable coastal neighborhoods. This turn-key asset has undergone a full, permitted renovation, delivering essentially new construction with high-end finishes and modern systems throughout. 100% leased and operating at a 5.52% CAP rate and 12.92 GRM, the property offers immediate cash flow. RUBS is in place, with tenants responsible for their proportionate share of utilities—reducing operating expenses, improving NOI, and protecting ownership from rising utility costs. The offering includes five single-car garages and fully approved plans to construct two new 2-bedroom, 1-bath ADU units above the garages, providing a clear value-add opportunity. Upon completion of the ADUs, ownership can achieve an estimated 6.82% CAP rate. All units feature high-end interior renovations, including modern kitchens with European-style cabinetry, quartz countertops, Energy Star stainless steel appliances, designer lighting, and contemporary fixtures. Bathrooms have been fully upgraded with modern enclosures, plank flooring, and code-compliant mechanical improvements. Each unit includes in-unit washer/dryer, plank vinyl flooring, new doors and windows, ceiling fans, and fresh paint—creating a cohesive, upscale aesthetic throughout. Major capital improvements include new plumbing (water lines, waste lines, water heaters), upgraded electrical systems with subpanels, HVAC and ventilation improvements, and drought-tolerant landscaping. The building is separately metered for gas and electric, with high-efficiency lighting to minimize operating expenses. Additionally, a new owner can unlock substantial tax advantages through a cost segregation, with an estimated $1,379,000 in depreciation within the first five years, compared to approximately $722,590 under standard depreciation—representing an incremental benefit of roughly $660,000. Located just two blocks from the beach, Millie Jean offers residents immediate access to the coastline while enjoying the walkability, lifestyle, and long-term desirability of Alamitos Beach. This is a rare opportunity to acquire a fully modernized, high-performing asset in a premier coastal submarket with strong in-place income and meaningful upside.

Approximately 40% Rental Upside to Market, translating into a 9.82% market cap rate. Significant Mark-to-Market Opportunity. This 20-unit apartment community, built in 1972, features an attractive townhome-style unit mix consisting of ten 4-bedroom/2-bath units and ten 3-bedroom/1.5-bath units. The property sits on approximately 1.10 acres with 24,500 square feet of building area and 40 parking spaces. Zoned LAR3 and located within an Opportunity Zone, the property also offers substantial value-add potential, including the opportunity for up to 13 new ADUs through a combination of conversions, detached construction, and a potential attached ADU. Longer-term redevelopment potential includes approximately 60 units by right and up to 102 units utilizing Tier 3 TOC incentives. Located just off Topanga Canyon Boulevard, the property offers convenient access to Westfield Topanga & The Village, Warner Center, CSUN, Pierce College, Kaiser Permanente Woodland Hills Medical Center, and Northridge Fashion Center. The location provides strong regional connectivity via the Ventura (US-101) and Ronald Reagan (SR-118) Freeways, offering access throughout the San Fernando Valley, Downtown Los Angeles, and Ventura County. The surrounding area benefits from a dense residential base, major employment centers, retail and entertainment amenities, Metro transit access, and continued multifamily and mixed-use development within the Warner Center area.

9551 - 9561 Maureen Drive is a 16-unit multifamily community located in Garden Grove, California. Situated on a 0.50-acre parcel, the asset totals approximately 13,520 net rentable square feet. The unit mix is composed entirely of two-bed/one-bath units, providing a desirable rental profile that is easy to manage and well-suited to the surrounding tenant base. The property consists of two buildings on one parcel, with community amenities including on-site laundry, a spacious central courtyard, and garage and surface parking. Parking is provided through 16 garage spaces and 2 surface spaces, offering ample parking options for residents. Ownership has completed several recent capital improvements and property upgrades, including SB-721 completion in October 2025, walkway decking replacement, gas line replacement at 9551, roof replacement, garage door installation, fascia repairs/repainting, electrical panel/subpanel upgrades, and select interior unit upgrades. These improvements address several exterior, structural, and building system items while helping reduce near-term capital expenditure exposure. Overall, 9551 - 9561 Maureen Drive offers a straightforward all two-bedroom unit mix, functional parking, a shared courtyard layout, and several completed capital improvements to major building systems. The completed improvements and remaining value-add opportunities position the property to benefit from future interior renovations, common-area enhancements, and operational efficiencies under new ownership.

3rd Price Reduction! Fully renovated 18-unit apartment building delivering an attractive 8% Cap Rate from day one. This offering provides investors with the opportunity to acquire a turnkey, premium asset with strong in-place income. 16 fully renovated units from the studs in 2023 with permits, along with 2 brand-new detached ADUs (Not subject to RSO) constructed in 2024. The unit mix includes eighteen (18) spacious and well-designed one-bedroom, one-bathroom apartments totaling approximately 8,677 square feet of improvements on a 7,700 square foot LAR3-zoned lot. The property is separately metered for gas and electricity to further minimize the operating expenses. Ownership has completed a comprehensive, permitted renovation, including a new roof, upgraded plumbing and electrical systems, a new panel and wiring, updated HVAC systems, and new windows throughout. Interiors feature new wood flooring, modern lighting, and fully upgraded kitchens and bathrooms with new cabinetry, countertops, vanities, and fixtures. The property offers strong curb appeal with fresh exterior paint and professional landscaping, creating an inviting tenant experience. Located in the highly desirable Koreatown and Wilshire Center submarkets, the asset benefits from close proximity to Larchmont Village, Hollywood, and Downtown Los Angeles, as well as excellent walkability to dining, entertainment, and cultural amenities. With its prime location and strong income profile, 4203 Council Street represents an ideal investment for buyers seeking immediate cash flow and long-term appreciation.

To schedule an Open House or to request more information about this property, call Walla Walla Sotheby's Realty at 7602374092...

Located in the guard gated community of One Ford Road, this sophisticated Summer House plan 3 features Richard Marshall Olde Boards hardwood plank flooring throughout the downstairs as well as high volume ceilings in the entry and living room. A generously sized kitchen and great room boasts a built-in entertainment center and rich dark cabinetry accented by beautiful marble countertops. A downstairs bedroom suite, and additional bedroom suite and loft/study upstairs offer abundant living options. The primary suite features dual bathrooms and closets, plus an office with beautiful built-ins. The private back yard includes a fire pit. One Ford Road's award-winning, resort-style community features amenities such as a fitness center, two pools, a tot wading pool, clubhouse, 27-hole putting greens, basketball, volleyball and croquet courts, playground, rose garden and reflection pond, holiday events, and much more!

Welcome to 80 Old Course Drive | Newport Beach – An Exceptional Residence in the Prestigious Guard-Gated Community of One Ford Road. Discover an elevated lifestyle of elegance, comfort, and coastal sophistication in the highly sought-after, guard-gated community of One Ford Road in Newport Beach. This exceptional residence blends timeless elegance, generous living spaces, and resort-inspired amenities, all within moments of world-class shopping, dining, and beautiful Southern California beaches. From the moment you enter, soaring ceilings, abundant natural light, and an inviting sense of openness create an impressive first impression. Thoughtfully designed for both elegant entertaining and everyday comfort, the home's spacious and versatile floor plan offers sophistication and functionality. The main level features a desirable private ensuite bedroom, ideal for overnight guests, extended family, or multigenerational living. Step outside into your own private resort-style backyard oasis, where a sparkling swimming pool and inviting spa create an idyllic setting for relaxation and entertaining. Whether hosting elegant gatherings, enjoying sun-filled afternoons by the pool, or unwinding beneath the Southern California sky, this tranquil outdoor retreat offers the perfect blend of privacy, luxury, and year-round enjoyment—capturing the essence of Newport Beach coastal living. Upstairs, the generously proportioned primary suite serves as a luxurious private sanctuary, featuring a spacious retreat currently utilized as a home office, with direct access to a private balcony. An additional upstairs loft provides flexible living space with the potential to be converted into another bedroom, if desired. Ideally located in Newport Beach, this home offers convenient access to beautiful beaches, coastal activities, and premier shopping, dining, and entertainment at Fashion Island and South Coast Plaza. A variety of highly regarded public and private schools are nearby, while easy access to the 73 Toll Road and 405 Freeway provides convenient connections throughout Orange County and beyond. Completing this exceptional offering is a spacious three-car garage, providing generous parking and storage.

Life on Lake Sherwood is defined by the water, and this extraordinary lakefront estate captures it beautifully. Positioned along one of the lake's most coveted shorelines, the property offers a rare combination of privacy, serenity, and panoramic waterfront views, complete with its own private dock. Towering trees and lush landscaping create a secluded setting, while the sparkling lake provides an ever-changing backdrop from sunrise to sunset. Designed for connection as much as cooking, the kitchen is the natural gathering place of the home. Friends can pull up a seat, enjoy a glass of wine, and share in the conversation while meals are prepared, creating the kind of effortless entertaining that defines lake living. Outfitted with a Wolf range featuring four ovens, an oversized Sub-Zero refrigerator and freezer, a built-in Miele coffee system, dual dishwashers, and generous prep space, it is equally welcoming and exceptional. Just beyond, the billiards room, complete with a Sub-Zero wine refrigerator, provides the perfect setting to continue the evening long after dinner has ended.Thoughtful details throughout the home include custom built-ins, a whole-home water filtration system, a fully integrated solar power system, and electric vehicle charging capability, blending modern convenience with timeless luxury. This is more than an exceptional home--it's a true Lake Sherwood lifestyle, where mornings begin with peaceful lake views, afternoons are spent on the water, and evenings end gathered with family and friends as the sun sets over the lake.

A Century of Character. A World of Possibility. Nestled on one of Santa Monica's most desirable tree-lined streets, this charming 1925 Spanish-style residence blends timeless appeal, comfortable living, and an inviting canvas for its next chapter. Set on a generous lot in Gillette's Regent Square, the home features three bedrooms and two-and-a-half bathrooms (one full, one three-quarter, and one half bath; tax records reflect two bathrooms). The inviting interior spaces connect beautifully to the outdoors. The living room is anchored by a fireplace adorned with distinctive Batchelder tile, while French doors open to a backyard framed by mature landscaping. In the formal dining room, another set of French doors leads to a lovely patio, creating a welcoming setting for leisurely meals, entertaining, and everyday indoor-outdoor living. Located in the coveted North of Montana neighborhood, just moments from the boutiques, cafes, and restaurants of Montana Avenue, the property pairs an exceptional setting with compelling potential. A detached garage presents an excellent opportunity to explore an accessory dwelling unit (ADU), while the expansive lot invites the possibility of an addition or thoughtful reimagining of the residence. Approximately 100 years old and offered as-is, this character-filled home welcomes buyers seeking a Spanish residence they can move into and enjoy, as well as those inspired to renovate, expand, and create something truly special. An invitation to honor the property's history while shaping its future. Architectural sketches prepared by a renowned architectural firm are available with purchase, offering an inspiring glimpse of the property's potential. Call Listing Agent 1 for all showings.