Senior Vice President

Don Favia is a multifamily sales specialist with over 16 years of experience in Southern California's real estate industry. As the Senior Vice President of Realty Investment Advisors and President of Favia Investment Group, he's a trusted advisor to property owners and investors alike.

Unit Amenities

Site Amenities

Location Amenities

Now fully occupied and priced to sell, 847 Sherbourne Ave presents a rare investment opportunity ideal for 1031 exchange buyers. This 13-unit luxury apartment complex, located just half a block from Beverly Hills, has been completely renovated inside and out in 2024. The turnkey property features premium finishes, a modern courtyard, and secure gated entry with parking. Each unit is thoughtfully designed with high ceilings, stainless steel appliances, in-unit washer/dryers, contemporary flooring, and modern air conditioning systems. Perfectly situated near the upscale shops and restaurants of Robertson Boulevard and La Cienega, with close proximity to The Grove, LACMA, and Cedars-Sinai Medical Center, the property offers residents both luxury and convenience. 847 Sherbourne Ave is a fully stabilized, cash-flowing asset and a standout addition to any investment portfolio, delivering unmatched quality in a highly desirable Beverly Hills-adjacent location.

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Explore the possibilities at 2460 Tuna Canyon Road, a 1.3-acre ocean-view lot nestled in the heart of Topanga Canyon. This mostly usable parcel sits approximately 30 feet below paved Tuna Canyon Road, offering a gentle slope ideal for capturing scenic views and easing construction efforts. The land has been surveyed and staked, with well-defined boundaries to guide future development. Utility access is convenient, with a water meter available for quick reinstallation through Waterworks District #29 at a minimal cost, and power and phone lines already in place along the street. Access is granted via a paved shared driveway easement through neighboring 2480 Tuna Canyon. Previous geology and perc tests provide a foundation for updated evaluations. Located just minutes from Pacific Coast Highway and Topanga Canyon Boulevard, the property offers both tranquility and accessibility. Held by the same family since 1987 and free of encumbrances, this is a rare opportunity to build your dream home in one of Southern California’s most desirable canyon communities.

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A fully entitled affordable housing opportunity is available at 801–807 Waterloo Street in Echo Park, consisting of two adjacent parcels totaling 12,613 square feet. The site is approved for 131 income-restricted units, and a Letter of Compliance has already been secured.

Plans call for a seven-story mid-rise building utilizing Type III over Type I construction, with approximately 65,000 buildable square feet. The proposed unit mix includes 84 studios and 47 one-bedroom apartments. The design incorporates a rooftop deck, multiple open recreation areas, and dedicated space for supportive services. A 50% design development package is included, and the project has already received Welfare Tax Exemption approval from the BOE—both of which represent meaningful savings in time and cost for a new owner.

At $25,153 per buildable unit, the pricing stands out. This presents a rare opportunity for a mission-driven developer or nonprofit to acquire a fully entitled 131-unit affordable housing project in a highly connected Los Angeles neighborhood at a fraction of the typical cost required for land assembly and entitlements.

The location further strengthens the opportunity. With a Walk Score of 89, the site is a six-minute walk to Sunset Boulevard, 1.3 miles from the Metro B Line, and 2.5 miles from Downtown Los Angeles. It falls within the Silver Lake–Echo Park–Elysian Valley Community Plan area, surrounded by strong neighborhood density including restaurants, transit, and employment centers—factors that support rapid lease-up for affordable housing.

Demand for rentals in Echo Park is well established. Several new developments are underway nearby, including 176 units at 2225 W Sunset, 74 units at 3004 W Sunset, and 90 units at 355 Glendale. Despite this incoming supply, demand continues to outpace availability, particularly for income-restricted housing, positioning this project for strong absorption.

The asking price is $3,295,000.

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We are pleased to offer 1200 W El Segundo Blvd, a well-located industrial property in Gardena, CA. This 16,000-square-foot brick warehouse sits on a 25,630-square-foot corner lot and provides excellent access to major freeways, including the 91, 105, 110, and 405, making it highly convenient for logistics and distribution.

The building can be easily divided into approximately 5,000 SF and 11,000 SF spaces, offering flexibility for multiple uses or tenants. It includes one dock-high loading dock and two ground-level roll-up doors. Inside, the property features five offices, two warehouse restrooms, and two office restrooms.

With a ceiling height of around 20 feet, the warehouse is well-suited for vertical storage. The space is illuminated by fluorescent lighting and enhanced with skylights. The gated courtyard provides 21 on-site parking spaces. The property will require installation of a new electrical panel.

Gardena is a well-established industrial market, and this property benefits from being surrounded by similar uses. Its strategic location between the Port of Long Beach and Downtown Los Angeles, along with proximity to key landmarks like SoFi Stadium and LAX, makes it an attractive option for warehouse, distribution, or light industrial operations.

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8716 and 8722 Ramsgate Avenue present a rare multifamily investment opportunity on the Westside of Los Angeles, offering a true 7.00% cap rate and a sub-10 GRM (9.95x) based on current in-place income—an uncommon combination for a fully rebuilt, turnkey asset in Westchester.

The property features 12 units across two adjacent parcels on a double lot and underwent a comprehensive redevelopment in 2025, including the addition of four newly constructed units. Improvements were extensive and property-wide, with major systems such as the roof, windows, plumbing, sewer, electrical, HVAC, lighting, and fixtures all replaced or upgraded. This creates a true no-capex investment with no deferred maintenance or near-term capital requirements.

Exterior upgrades include new stucco and paint, updated railings and stair systems, refreshed building facades, and professionally designed drought-tolerant landscaping with paver hardscaping throughout the common areas. The property is located on a quiet, tree-lined residential street in Westchester, enhancing long-term tenant appeal.

Unit interiors are finished with high-quality materials and include in-unit washers and dryers. The property offers a strong unit mix of eight two-bedroom units and four three-bedroom units, delivering stable, efficient operations and immediate income backed by substantial renovations rather than superficial upgrades.

Situated west of the 405 Freeway near Manchester Avenue, the location benefits from consistent rental demand due to its proximity to Loyola Marymount University, Playa Vista’s employment hub, and Los Angeles International Airport. It is also just minutes from Playa del Rey and the Inglewood entertainment district, home to SoFi Stadium, supporting a broad and reliable renter base.

In a market where comparable renovated Westside assets typically trade at lower yields, this offering stands out by providing strong day-one returns without renovation risk, lease-up uncertainty, or speculative underwriting. Its combination of attractive pricing, high-quality redevelopment, and a supply-constrained location makes it a uniquely compelling opportunity.

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Realty Investment Advisors is proud to present 332 Culver Blvd & 363 Pershing, a distinctive five-unit multifamily property with an additional non-conforming income unit, ideally situated in the heart of Playa del Rey.

This offering stands out in one of the Westside’s most sought-after coastal communities, just moments from the beach, lagoon, and surrounding natural open space that define the area’s laid-back character. The neighborhood blends a relaxed seaside lifestyle with close proximity to Marina del Rey, Silicon Beach, and major employment hubs, making it both unique and highly desirable for residents.

The property includes five well-designed units with a diverse mix: a spacious 2,000+ SF two-bedroom, three-and-a-half-bath residence, two two-bedroom units with one-and-a-half baths, and two one-bedroom units with one-and-a-half baths. In addition, a separately leased non-conforming unit provides supplemental income.

Units feature practical layouts and tasteful upgrades, with some offering private balconies. A standout upper-level residence includes a private rooftop deck with expansive views—an uncommon amenity for a property of this size and especially appealing for an owner-user seeking a lifestyle component.

Additional highlights include separately metered electricity, on-site laundry, secured at-grade parking, and partial plumbing updates. The property has been well maintained, offering a straightforward and rewarding ownership experience.

332 Culver Blvd & 363 Pershing present a rare opportunity to acquire a truly one-of-a-kind multifamily asset in Playa del Rey, combining stable in-place income with a coastal setting that is increasingly difficult to replicate. Opportunities of this caliber—particularly at this scale and location—are limited.

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Realty Investment Advisors - Commercial Real Estate Brokerage

Realty Investment Advisors

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