PROPERTY OVERVIEW 3153 Warwick Ave is a rare 3-structure, 4-unit multifamily investment located in the rapidly evolving El Sereno neighborhood of Los Angeles. Situated on an oversized 16,171 SF lot (0.37 acres), the property includes 3 detached buildings with a total of 3,808 SF of living space and stable, long-term tenants under Los Angeles Rent Stabilization Ordinance (RSO). The asset offers both immediate income and multiple strategic exit opportunities, including subdivision, redevelopment, or long-term cash flow hold. ***DRIVE-BY ONLY. Do not talk to lessees/renters about the sale per the request of the seller.*** PROPERTY HIGHLIGHTS 4 residential units spread across 3 separate structures Large 16,171 SF lot zoned LAR1 Total living area: 3,808 SF Current Gross Income: $5,000/month | $60,000/year Unit Rents: $1,700, $1,050, $1,050, and $1,200 Low operating expenses – owner pays water only Passed full city inspection in 2025 Stable, long-term tenants (month-to-month under RSO) Excellent street frontage and potential for lot configuration Detached units offer privacy and future resale potential INVESTMENT SUMMARY This property appeals to multiple buyer types: Value-add investors seeking long-term upside Developers exploring SB9 or traditional parcel split options 1031 exchange buyers seeking a well-located replacement property Owner-users exploring future individual resale of detached homes Buyers can pursue a 3-parcel subdivision (each ~5,390 SF), allowing for individual resale or separate ownership of each house. Alternatively, a 2-parcel SB9 ministerial split could be completed more quickly within 2–4 months. Subdivision analysis and draft plans are available upon request. POTENTIAL CONFIGURATION (SUBDIVISION SCENARIO) Parcel 1: 1 unit (952 SF) | Est. value: $750,000 | Current Rent: $1,700/month Parcel 2: 1 unit (952 SF) | Est. value: $750,000 | Current Rent: $1,050/month Parcel 3: 2 units (1,904 SF total) | Est. value: $1,000,000 | Combined Rent: $2,250/month ($1,050 + $1,200) Total Resale Potential (Post-Split): $2.5M+ Total Subdivision Timeline (Traditional): 10–19 months SB9 Alternative Timeline: 2–4 months (2 parcels) MARKET OVERVIEW El Sereno continues to attract buyers and investors priced out of neighboring South Pasadena, Highland Park, and Alhambra. The neighborhood has seen increased interest due to its walkability, proximity to DTLA, and inventory of character-rich residential and small multifamily properties. This location benefits from: Close proximity to Cal State LA, Keck USC Medical Center, and DTLA Major commuting corridors including Huntington Dr and Eastern Ave A strong local rental market with high occupancy Increasing interest in subdividable lots and SB9-friendly parcels ZONING & REGULATORY NOTES Zoning: LAR1 (Single Family Residential) RSO: Yes, subject to LA Rent Stabilization Ordinance Historic Overlay Zone: No Fire hazard/flood zone: Not present (to be confirmed by buyer) Utilities: Separately metered for tenants; owner pays water Legal: Property is one APN with three underlying lots – ideal starting point for parcel split OFFERING TERMS Buyer to cooperate with 1031 Exchange, if applicable Property to be sold as-is, where-is Buyer to verify all zoning, regulations, and subdivision feasibility independently Rent Control Disclosure – 3153 Warwick Ave, Los Angeles, CA 90032 This property is subject to the City of Los Angeles Rent Stabilization Ordinance (RSO) due to its construction date (1924) and configuration of four residential units. As such, rental rates, allowable rent increases, and tenant protections are regulated under Los Angeles Municipal Code Chapter XV. Key RSO considerations for buyers include: Annual rent increase limits set by the City Relocation assistance requirements under certain conditions (e.g., tenant buyouts or evictions) Mandatory RSO registration and annual fees Limits on eviction grounds (only "Just Cause" allowed) Buyers are strongly encouraged to contact the Los Angeles Housing Department (LAHD) or consult with a qualified real estate attorney to understand the full scope of RSO implications before purchasing. CONTACT INFORMATION BJ Delhamer Insite Commercial Real Estate