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1804 S Thornburg Street is a well-located 4-unit multifamily property in Santa Maria with a gross annual income of $99,276, featuring (2) spacious 3Bed/2Bath units and (2) 2Bed/1Bath units, all with convenient in-unit laundry. Recent improvements include a permitted roof completed in 2021 and new permitted stairs completed in 2024. Two underutilized 2-car garages offer potential for additional storage income or possible ADU conversion, providing an opportunity to increase revenue. Built in 1976, the property offers larger floor plans well suited to today’s rental market. With spacious units, recent improvements, value-add potential, and a convenient location, 1804 S Thornburg Street is a compelling opportunity for investors to expand their holdings in Santa Barbara County’s fastest-growing city.

Four-unit property. The front unit is a four bedroom, one bathroom home, ideal for owner occupancy. The property includes a separate rear two-story building with three additional units: each unit has two bedroom one bathroom, offering rental income potential. A great opportunity for an owner-user seeking comfortable living with added income or investor seeking to add to their portafolio.

Just steps to the sand on the ocean side of San Jose Place, this Mission Beach duplex offers an exceptional opportunity for investors and end users alike. Situated on a 1,250 sq ft lot, the existing duplex features two 1-bedroom, 1-bath units of approximately 400 sq ft each. Ideal for owner occupancy with income or as a prime redevelopment site. ***The adjacent 1,250 sq ft lot with parking and a 2-car garage structure is also available; both properties may be sold separately or together. *** Perfectly positioned in the heart of Mission Beach, enjoy effortless access to dining, boardwalk strolls, and endless beach days right outside your door. Outstanding walkability to the bay, ocean, shops, and restaurants makes this a great coastal opportunity.

We are pleased to present 1372 W 35th Pl, a newer construction 5-unit, 15-bed student housing asset built in 2022 and ideally located within walking distance of USC's University Park Campus. The property is fully leased for the 2026-2027 Academic Year and is THE LOWEST entry point for newer construction student housing in the USC submarket, providing investors with an attractive entry point into a high-demand rental market.1372 W 35th Pl is offered at a 7.23% CAP rate and 8.99 GRM on in-place income, with monthly gross income exceeding $22,000. The efficient unit mix includes two 3BR/3BA units, two 4BR/3BA units, and one 1BR unit, offering flexibility to accommodate a broad range of student tenants. The property offers additional upside through rent growth and the potential to convert select units to double occupancy, giving new ownership multiple paths to increase income. Smaller, efficiently configured units can attract a broader tenant pool, lease quickly, and carry lower turnover risk than larger group-oriented layouts. Located within walking distance of USC's University Park Campus, USC Village, and surrounding amenities, the property benefits from strong and durable student housing demand. USC enrolls over 46,000 students, with approximately 65% living off campus, supporting continued demand for well-located housing near campus. Beyond its strong in-place cash flow, the property may qualify for 100% bonus depreciation under the One Big Beautiful Bill Act, creating potential tax advantages and making the property an attractive candidate for a cost segregation study. A turnkey opportunity to acquire newer construction student housing with strong current income, meaningful rental upside, and a prime location near USC.

To schedule an Open House or to request more information about this property, call Walla Walla Sotheby's Realty at 6199928588...

We are pleased to present 10206-10208 S Inglewood Avenue, a 20-unitmultifamily investment opportunity in Inglewood, offered at $2,850,000 ($142,500/unit,$218/SF), reflecting a 6.49% cap rate and 8.07 GRM on in-place income. The property is comprised of two separate structures situated side by side, each configured with a uniform unit mix of one-bedroom/one-bathroom units offering consistent tenant appeal and simplified management. Gated tuck-under parking is accessed directly from Inglewood Avenue, with approximately 20 total spaces split evenly between the two buildings and individual storage located above each space. Interior upgrades include newer windows throughout both buildings, along with select units featuring tile flooring, granite kitchen countertops, and mini-split A/C systems. Each building is served by its own dedicated on-site laundry room, equipped with 2 Speed Queen washers and 2 Speed Queen dryers, providing tenant convenience and an existing income stream. All units are separately metered for electricity, with Centron electric meters and Square D circuit breakers and subpanels serving individual A/C systems and bathroom exhaust fans throughout both structures. A shared playground and recreation area sits behind the two buildings, presenting an opportunity for a new owner to improve landscaping and better activate the common area as an additional property amenity.

We are pleased to present 10130 S. Inglewood Avenue, a 15-unit multifamily investment opportunity in Inglewood, offered at $2,200,000 ($146,667/unit, $212/SF), reflecting a 6.12% cap rate and 8.05 GRM on in-place income. The property is configured as a single two-story, wood-frame and stucco structure in a U-shaped layout centered around a courtyard with an in-ground pool, complemented by a diverse unit mix of one-, two-, and three-bedroom floor plans catering to a broad range of renter profiles. Significant ADU potential exists through the conversion of the property's exterior carports and rear tuck-under parking spaces, an opportunity supported by the gated, remote-access parking configuration (buyer to verify feasibility). All units feature recently replaced windows, a meaningful capital improvement already completed by ownership, while Unit 6 is currently undergoing renovation with new interior paint, offering a model for continued value-add work throughout the remaining units. The property offers 15 total parking spaces, comprised of 5 tuck-under spaces and 10 carport spaces, each with dedicated storage located above, all accessed through a gated, remote controlled entrance. On-site laundry is served by a dedicated laundry room equipped with 2 Speed Queen washers and 2 Speed Queen dryers, providing tenant convenience and an existing income stream. All units are separately metered for gas and electricity, with Centron electric meters and newer Square D circuit breakers on both sides of the meter bank, simplifying ownership and reducing owner-paid utility expense exposure.

Perfectly positioned near the core of Downtown Colton’s revitalization corridor. This prime value-investment opportunity features a versatile 4-unit residential building. All units are in one building share common hallway and stair case, back yard and front yard. 2 units upstairs offers a deck, and 2 units lower level. with separate meters. Gas stove top, Microwave and refrigerator. Close to public transport plenty of off street parking. with a detached 800 square foot structure ,Zoning allows ADU to added, easy to convert into an ADU. Sold AS IS

Introducing a thoughtfully reconfigured early-1900s residence offering exceptional flexibility for investors, owner-users, and multi-generational living. This distinctive property has been transformed into a versatile multi-occupant residence designed to maximize functionality and rental potential. The main house features three first-floor bedrooms, thoughtfully converted from the original living and dining rooms, along with a spacious kitchen, laundry room, service room, and full bathroom. Upstairs, the former primary suite has been converted into a private studio apartment with its own kitchenette, full bathroom, and separate exterior entrance. Two additional spacious bedrooms and a second full bathroom provide even more flexibility for occupants, extended family, or rental use. The property also features an enclosed porch that has been converted into a permitted upstairs laundry and flex space, with the potential to create an additional studio. Adding further income-producing potential, the rear duplex at 620 and 620 ½ consists of two separate one-bedroom units, each offering a full living area, kitchen, dining space, and bathroom. Ample on-site parking is currently being used for storage but can readily be reclaimed for tenant parking. With its flexible configuration and multiple living spaces, this property presents a unique opportunity for investors seeking rental income or buyers looking for a versatile multi-generational residence. A rare Los Angeles property offering multiple occupancy options, substantial flexibility, and significant potential.