Marcus & Millichap South Bay | Long Beach

Just closed! Our team represented the buyer in the successful acquisition of 4215 South Kansas Avenue, a 24-unit apartment building in South Los Angeles a half-mile from Expo Park. The building features mostly studios and is partially renovated. Our client's offer was non-contingent day one; this investor owns another asset just down the street and has confidence in this high demand rental market. This property was acquired for $104,166 per unit at a going-in cap rate above 8%. @thebogiegroupcre For more information on this sale or the local multifamily market, please contact Mitchel Cannata (424) 405-3830 or David O'Keefe (424) 405-3844. #justclosed #closings #losangelesrealestate #losangelesmultifamily #cre #marcusmillichap #realestateinvesting

JUST CLOSED: The Weir Group (@jonorweircre) is pleased to announce the successful closing of 2127 247th Street in Lomita, CA. We had the privilege of representing the buyer in this acquisition. Situated on an expansive 10,000+ square foot lot, the property features a unique configuration of four units across three single-story structures, including a freestanding 2-bedroom bungalow, a freestanding 1-bedroom residence, and two additional rental units. With individually metered utilities, four garages, ample driveway parking, and well-maintained interiors—one of which has been extensively upgraded—the asset offers both strong existing performance and significant future potential. The landscaped common areas and charming front yard enhance tenant appeal, while the buyer’s plan to build ADUs further positions the property for long-term growth and value creation. For more information, please reach out to Jeremy G. Barth.

JUST CLOSED: The Weir Group (@jonorweircre) is proud to announce the successful closing of 663 W 5th Street in San Pedro, CA. We represented both the buyer and seller in this transaction and facilitated seller financing, bringing the deal to a smooth and efficient 14-day escrow. Offered for sale for the first time since it was developed in the 1990s, this well-maintained six-unit property features a diverse mix of two-bedroom and studio units, along with seven on-site parking spaces. With no LA City rent control due to its 1990s construction and an estimated 20% rental upside through modernization, the asset presents compelling long-term growth potential. Located just blocks from San Pedro’s vibrant downtown, major transit routes, and emerging development, this closing marks a rare opportunity to acquire a stable, income-producing property in a rapidly evolving submarket.

Check out this recent listing from @thebogiegroupcre! 1425 Cedar Avenue in Long Beach is a 10-unit apartment building offered at an attractive going-in cap rate of 6.30% with 27 percent rental upside and ADU potential. Listing highlights include: - Mix of 8 1BD/1BA + 2 2BD/1BA units | select units have been remodeled - Plans have been drafted to convert the garages to 4 1BD ADU's - Located directly across from the $176M, 5-acre rebuild of Washington Middle School - Numerous development projects nearby demonstrate investor confidence in this submarket where rental demand is consistently strong For more information on this listing or the Long Beach multifamily market, please contact exclusive listing agent Steve Bogoyevac at (562) 257-1231 or Steve.Bogoyevac@MarcusMillichap.com. #justlisted #listings #longbeachrealestate #southbayrealestate #losangelesrealestate #marcusmillichap #multifamilyrealestate #realestateinvesting

JUST LISTED: The Weir Group (@jonorweircre) is pleased to present 4484 La Deney St, a 4-unit multifamily investment opportunity located in Montclair, CA. The property features exclusively 2-bedroom/1-bathroom floorplans, offering spacious and efficient layouts that appeal to a broad tenant base. With the potential to build up to five ADUs (per SB 1211), this property provides investors with a rare opportunity to significantly increase unit count and overall returns. Offered at an incredible basis relative to recent sales, 4484 La Deney St presents substantial value-add potential with an estimated 25% rental upside. Located in a stable rental market near major employment centers, shopping, and transit, 4484 La Deney St offers both immediate income and long-term growth—an ideal acquisition for investors seeking a high-upside 4-unit asset in a strong Inland Empire submarket. For more information, please reach out.

Just Listed! 10400 S Prairie Ave, Inglewood, California 90303 Listing Price: $4,800,000 For more information, please contact the listing agents: Matt J. Doyle P: (424) 405-3852 Derek L. Caldwell P: (424) 405-3829 #justlisted #newlisting #marcusandmillichap #cre #losangeles #commercialrealestate #southbay #southbayrealestate #inglewood #mixedusecre

JUST LISTED | 2007 Highland Ave – Manhattan Beach, CA Offered at $2,175,000 Proud to present a trophy Sand Section duplex just one block from the beach. The upper 2-bed/1-bath unit offers vaulted ceilings and ocean views, while the ground-floor studio features a remodeled bath and a spacious layout. The property includes garage parking, a private patio, and 52% rental upside, making it a standout coastal investment opportunity. For more information, please contact the listing agent: Austin Stuard P: (424) 405- 3899 C: (310) 801-5096 Austin.Stuard@marcusmillichap.com #ManhattanBeach #Multifamily #InvestmentRealEstate #MarcusAndMillichap #SouthBayRealEstate #CRE #InvestmentProperties #LosAngelesRealEstate

JUST CLOSED: The Weir Group (@jonorweircre) is pleased to announce the successful closing of 3910 W 112th Street in Inglewood, CA. We had the privilege of providing dual representation in this transaction. Built in the 1990s, the property features three spacious three-bedroom, two-bathroom units, offering residents modern layouts and investors durable construction with strong fundamentals. With a 1:1 parking ratio, a secure gated entry, and solid in-place cash flow, the asset combines stability with long-term upside in one of Los Angeles’ fastest-growing submarkets. Closing at 99% of list price, this deal underscores continued demand for well-maintained multifamily properties near SoFi Stadium, the Forum, and LAX. For more information, please reach out.

Just closed above list price! Our listing at 23315-23323 Arlington Avenue sold for $3.3 Million to a buyer who likes the well-maintained asset's prime Torrance location, solid going-in cash flow, and upside potential. The property consists of 10 2-bedroom units on 2 contiguous parcels and was sold as part of a two-property portfolio sale. Buyer's financing was arranged through Marcus & Millichap Capital Corporation (many thanks to Ron Balys and team!). Our team's Izzy Sanchez represented the seller in this transaction, and Steve Bogoyevac represented the buyer. @thebogiegroupcre #justclosed #closings #torrance #torrancerealestate #southbayrealestate #multifamilyrealestate #marcusmillichap #mmcc