Mid-Wilshire (C17) Real Estate

Mid-Wilshire (C17) Real Estate

Welcome to Mid-Wilshire, a vibrant and culturally rich neighborhood nestled in the heart of Los Angeles. Known for its diverse community and eclectic mix of architecture, Mid-Wilshire (C17) is a hidden gem that offers an exciting blend of urban living and suburban charm.

Mid-Wilshire is home to a variety of iconic landmarks, including the historic Wilshire Boulevard and the renowned Los Angeles County Museum of Art (LACMA), which showcases an impressive collection of art from around the world. The area also boasts the stunning La Brea Tar Pits, where visitors can step back in time and witness the fascinating history of prehistoric creatures.

The neighborhood features a dynamic mix of residential options, from charming single-family homes to modern condominiums, catering to a diverse range of lifestyles. Tree-lined streets and beautifully landscaped parks provide a serene escape from the bustling city, making it an ideal place for families, young professionals, and retirees alike.

Mid-Wilshire is also a culinary hotspot, offering an array of dining options that reflect the neighborhood’s multicultural influences. From trendy cafes to upscale restaurants, food enthusiasts will find plenty to satisfy their palate. Additionally, the area is conveniently located near major transportation routes, making it easy to explore all that Los Angeles has to offer.

With its unique blend of culture, community, and convenience, Mid-Wilshire is more than just a place to live; it’s a lifestyle. Discover the charm of this remarkable neighborhood and find your perfect home in the heart of Los Angeles!

Newest Listings in Mid-Wilshire (C17)

917 S Catalina, Los Angeles
$1,350,000
GD26237013 MLS ⋅ Active Status
We are pleased present 917 S. Catalina Street, an attractive five-unit multifamily investment opportunity with all 2-bedroom and 2-bathroom units. Situated in the heart of Los Angeles' vibrant Koreatown neighborhood. Built in 1988, the property offers an appealing combination of existing rental income, spacious unit configurations, and immediate value-add potential through the lease-up of one vacant unit. Situated on an approximately 6,567-square-foot lot, the two-story property comprises approximately 3,972 square feet of building area and features five generously sized two-bedroom, one-and-a-half-bathroom units. The property's desirable unit mix, practical layouts, and central location make it an appealing investment for buyers seeking stable rental income with opportunities to enhance overall performance. Currently 80% occupied, with four of the five units leased, the property generates approximately $100,824 in annual scheduled rental income, representing a 4.53% current capitalization rate. The vacant fifth unit offers an immediate opportunity to increase revenue without relying on the turnover of existing tenants. At projected market rents, annual scheduled income increases to approximately $127,824, supporting a 6.15% pro forma capitalization rate, based on estimated operating expenses and a 3% vacancy allowance. Located in a well-established residential pocket of Koreatown, the property benefits from its proximity to Downtown Los Angeles, Wilshire Boulevard, major employment centers, restaurants, shopping, entertainment, and public transportation. The surrounding neighborhood features a blend of established multifamily buildings, residential communities, and neighborhood-serving businesses, contributing to the area's continued appeal among renters seeking convenient access to Central Los Angeles. With its 1988 construction, five desirable two-bedroom units, existing income, and immediate lease-up potential, 917 S. Catalina Street presents a compelling opportunity for investors seeking a well-located multifamily asset with both current cash flow and meaningful potential for increased rental income.

917 S Catalina, Los Angeles

211 N Serrano, Los Angeles
$1,200,000
GD26236164 MLS ⋅ Active Status
We are pleased to present 209–211 N. Serrano Avenue, an attractive, 100% occupied triplex investment opportunity situated in a desirable residential pocket of Central Los Angeles. The property offers an appealing combination of immediate cash flow, newer construction, and rental upside in a well-established neighborhood. Situated on a 6,564-square-foot lot, the property consists of a charming original 1919 front residence and a newly constructed two-story rear building, which received its Certificate of Occupancy in July 2024. The three residential units comprise approximately 2,749 square feet of living area, featuring a total of five bedrooms and five bathrooms. The property blends the architectural character of a traditional Los Angeles residence with the advantages of modern residential construction. Currently generating $95,160 in annual scheduled rental income, the property offers an estimated 5.68% current capitalization rate, with projected market rents supporting a 6.34% pro forma capitalization rate and approximately 8.4% potential rental income growth, based on the stated operating assumptions. The property is conveniently located near Larchmont Village, Hancock Park, Koreatown, and Hollywood, offering residents easy access to popular restaurants, cafés, shopping, entertainment, and major employment centers. The surrounding neighborhood features a blend of charming historic homes, established multifamily properties, and newer residential developments, providing an attractive residential setting with excellent urban accessibility. With its 2024 rear construction, established tenancy, strong in-place income, and potential for future rental growth, 209–211 N. Serrano Avenue presents a compelling opportunity for investors seeking a well-located residential income property with both immediate returns and long-term investment potential.

211 N Serrano, Los Angeles

311 S New Hampshire Avenue, Los Angeles
$3,795,000
24 Beds ⋅ 24 Baths ⋅ 26106043 MLS ⋅ Active Status
SEE OM in DOCS section of the listing. We as the exclusive listing agent, are pleased to present the opportunity to acquire 311 S New Hampshire Ave., a sixteen-unit multifamily investment property located in the Koreatown neighborhood of Los Angeles. Investors have the opportunity to buy a stabilized investment with only two vacant units that are rent-ready for lease up. Because the building was constructed in 1989, the property is exempt from the Los Angeles Rent Stabilization Ordinance and is governed instead by the statewide cap under AB 1482. Property Description: 311 S New Hampshire Ave. is a sixteen-unit multifamily property located in the Koreatown neighborhood of Los Angeles, near 3rd Street and Vermont Avenue. Built in 1989, the property is arranged as a single 11,792 square-foot building on a 9,015 square-foot LAC2-zoned lot. UNIT DETAILS Unit features include large bedrooms, large full bathrooms, large kitchens, separate spacious living room areas and ample closet and storage space. Many of the units feature vaulted ceilings and have updated kitchens, bathrooms and flooring. Due to ample available space, investors can explore the possibility of adding washer/dryers in each unit. COMMON AREA DETAILS The property has secured gated access with an intercom system. There is a laundry room on site for tenant use. All units are separately metered for electricity and gas and have their own individual water heaters and the landlord pays for water and trash. Gated access parking at street level is provided on site and is more than adequate for the number of units. Chargie EV chargers are also available in the parking area as an attractive amenity for tenants. Investment Highlights: EXEMPT FROM THE LA RSO 1989 construction places the property under CA State AB 1482 currently allowing more favorable 8.7% annual increases HIGH IN-PLACE CAP RATE 7.14% cap rate upon lease up of vacant rent-ready units 103 and 202 at market rents BALANCED UNIT MIX Eight 1Bed+1Bath and eight 2Bed+2Bath units averaging 737square feet across 11,792 square feet of building area. ADDITIONAL INCOME STREAMS Parking, laundry and RUBS income add an estimated $45,880 per year to rental income. SUPERIOR IN-PLACE RETURN TO COMPARABLES The offering prices to a 7.14%in-place cap and 8.75 GRM against a comparable average of 5.66% and 11.12, and to$237,188 per unit against a $255,516 average. RENTAL UPSIDE In-place rents sit $4,087 per month, or 12.6%, below market, supporting an 8.04% pro forma cap rate. PRIME KOREATOWN LOCATION Near 3rd Street and Vermont Avenue, minutes from the Wilshire Boulevard corridor, the Metro B and D Lines at Wilshire/Vermont and Downtown Los Angeles.

311 S New Hampshire Avenue, Los Angeles

4203 Council Street, Los Angeles
$5,095,000
18 Beds ⋅ 18 Baths ⋅ 26105933 MLS ⋅ Active Status
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, 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.

4203 Council Street, Los Angeles

1110 1124 S Oxford Street, Los Angeles
$11,000,000
GD26235059 MLS ⋅ Active Status
Exceptional investment opportunity to acquire the Oxford & 11th Street Portfolio, consisting of 24 residential units within 12 duplex buildings situated on three separate assessor parcels in Los Angeles. The portfolio encompasses approximately 35,240 square feet of building area on 32,677 square feet of land, featuring 108 rentable bedrooms and 48 on-site parking spaces, providing a ratio of two parking spaces per residential unit. All three parcels are offered exclusively as one portfolio and must be purchased together; individual parcel sales will not be considered. The portfolio consists of: (1) 1110–1116 S. Oxford Avenue (APN 5080-013-051), featuring 8 units within 4 duplex buildings, approximately 11,920 SF of improvements on 10,941 SF of land, with 16 parking spaces; (2) 1118–1124 S. Oxford Avenue (APN 5080-013-052), featuring 8 units within 4 duplex buildings, approximately 11,920 SF of improvements on 10,921 SF of land, with 16 parking spaces; and (3) 3122–3128½ W. 11th Street (APN 5080-013-053), featuring 8 units within 4 duplex buildings, approximately 11,400 SF of improvements on 10,815 SF of land, with 16 parking spaces. The portfolio currently generates approximately $527,000 in annual scheduled rental income at approximately 40% leased-bedroom occupancy, presenting significant upside through lease-up and rental optimization. At 100% occupancy and projected market rents, annual rental income is estimated to reach $1,422,000. The portfolio offers a potential stabilized NOI of $997,750, representing a 9.07% pro forma capitalization rate at the $11,000,000 portfolio asking price. This offering presents a compelling value-add investment opportunity with substantial income growth potential. Sale is contingent upon the concurrent purchase and closing of all three parcels. All property information, square footage, unit and bedroom counts, parking, occupancy, income, expenses, permitted uses, and financial projections are approximate and subject to independent verification.

1110 1124 S Oxford Street, Los Angeles

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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