10 27Th Ave Los Angeles, CA 90291

Property Details for 10 27Th Ave

Year built

1952

Property type

Commercial real estate

Description

Stunning Beachfront Investment Opportunity! This prime property, in superb condition, offers direct beach access and is surrounded by the best hip restaurants. Enjoy volleyball on the sand, surfing, and bicycle rentals just steps away. The ample parking lot can generate additional income on top of current $1050 per month for 3 spot separately rented only. To secure this lucrative investment, act swiftly as we aim to finalize offers by next week. Investment Highlights Massive Tax Savings: 2025 bonus depreciation estimated at $444,237 , offsetting other real estate income. → Based on 45% land allocation (CPA confirmation recommended) → ROI: $27–$30 in tax savings per $1 invested → Full report Attached Unique Advantage: The current owner has not claimed any depreciation , so the entire tax benefit transfers to the buyer . Turnkey & Income-Producing: All 4 units are fully remodeled, furnished, and separately metered — generating immediate rental income. Flexible Financing Options: Potential LLC purchase to maintain current low property tax rate Seller financing or loan assumption up to $2M with ~30% down Seller may cover most closing costs for transfer of title through LLC which is great saving for buyer as well ( ask for detail) Potential up to 4 single ADU’s or up to 2 one bedrooms above parking allowed (with ocean view rooftop) 1) Tax is being impounded by the current lender in monthly mortgage payment (Approx $37k p.y) 2) Owner can potentially carry up to $2mil Loan Terms are as 5.85% fixed Principal, Interest and Tax included Amortized25/ 5 yrs ( Approx. 2 yrs left) and 5 yrs option as long as the buyer is willing to place at least $1.260 Mil down payment. Upside Opportunities: A - Immediate income-producing potential. B - Excellent possibility for seller financing with only 30% Down. ( $1,260,000) C - Potential to maintain the current property tax rate for new buyers with creative seller options. D - Rear parking lot with approximately 6+ spaces for 4 units. Currently collecting $1050.00 Per month for two spaces. E - Condo conversion opportunity at a very low cost, since all meters are separated and parking eligibility makes it best candidate for TIC (Tenant in common) or conversion. F - Creative space above the parking lot to build an ADU with an ocean view rooftop! This could be a pre-Built unit with low installation costs and a potential $40k grant for the builder. G - ADUs by the city of LA can be sold as separate units without needing subdivision. So this property can be 5 units together or separate. H - Whether you choose to proceed with any of the options above or prefer us to manage everything, we are here to work with you. Our management fee ranges from 10% to 15%, depending on the services and level of involvement you expect from the buyer or we can just do a master lease and you enjoy the free ride. For further information or any questions, please contact me directly. Time is of the essence, and I am here to assist you every step of the way to ensure a smooth and profitable acquisition. Act now to seize this incredible beachfront investment opportunity!

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Longitude

-118.46823

Latitude

33.98128