Residential Income, California | Page 2 -001-11-30T00:00:00-08:00
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Beverly Hills, 9965 Durant Drive

Price: $7,695,000
Units Total: 4
Lot Size: 8,800
Living Area: 6,558
Parking: Yes
Days on Market: 154
Description: A once-in-a generation opportunity to purchase two rare, high-demand, adjacent multi-family properties in prime Beverly Hills on a coveted double lot (two separate APN. ‘s) on a lovely wide street just behind The Peninsula Hotel and within close proximity to Century City. One property is a remodeled and spacious Triplex and the second one was a duplex that has been turned into a most charming single family residence with a well thought out floor plan. In addition to being highly coveted multi-units, the subject properties are also zoned BHR4YY with a potential to build 8-units or more (Buyer to verify). Both properties to be sold together. Ideal for Owner User / Investor / future potential development.

Marina del Rey, 3806 OCEAN FRONT

Price: $7,650,000
Units Total: 2
Lot Size: 3,641
Living Area: 4,521
Year Built: 1968
Parking: 6
Days on Market: 3
Description: Rare opportunity to own an OCEAN FRONT DUPLEX on the Marina Peninsula! Built in 1968, all units have been remodeled and feature unobstructed ocean views. Unit #1 is on the ground floor and has direct access to the beach. Unit #2 is located on the second floor with floor to ceiling windows overlooking the ocean. Both ocean front units have fireplaces in the living room. There are two guest rooms in the rear of the building on the second floor. All units will be delivered vacant. The building has brand new heating and air conditioning.

Laguna Beach, 150 CRESS Street

Price: $7,498,000
Units Total: 3
Lot Size: 7,241
Living Area: 3,415
Year Built: 2007
Parking: 6
Days on Market: 178
Description: Lifetime opportunity! This spectacular, trophy property offers three (3) world class beach villas with at least six (6) parking (very rare) nestled on a prime beachfront location in World Famous Laguna Beach. Appointed to the nines, this luxury property offers the very best in form, function and location. The three beach villas boast single level floorplans enhanced with the finest designer finishes. Spectacular outdoor spaces include 4 fire pits, multi-level conversation spaces, with incredible ocean-view verandas. Mere feet from beach access, and within walking distance of many fine restaurants and shops. Mixes of three villas are 2 bed r and 1 bath; 3 bed and 2 baths: and 3 bed rooms and 2.5 baths. Each villa has the appointments rivaling better than the most prestigious hotels in town. Excellent use as a beach house for family and friends; as a second home when needed and rent the villas as vacation rentals and / or rent them as needed to supplement the income to offset property and other taxes. Villas offer a viable 1031 exchange for your investment dollars and enhances your great investment opportunity in one of the best and classy beach City in the United States. Currently the villas are utilized as high end vacation rentals with excellent income stream.

Bell Gardens, 7947 GARFIELD Avenue

Price: $6,888,000
Units Total: 16
Lot Size: 29,303
Living Area: 16,530
Year Built: 1989
Parking: Yes
Days on Market: 79
Description: This beautiful property consist of 3 bedrooms 2.5 bathrooms 2 car garage attach laundry hook ups, earth conditioning unit and force ear, and two stories condominium style.

Glendale, 530 Palm Drive

Price: $6,700,000
Units Total: 16
Lot Size: 11,990
Living Area: 13,586
Year Built: 1985
Parking: 24
Days on Market: 39
Description: We are pleased to introduce to you this rare opportunity to own 16 units in non- rent controlled Glendale, California. The Palm Glen apartments are a very well maintained asset boasting an extensive list of capital improvements over the years including upgrades to interior units. Detailed upgrades list in offering memorandum. Built in 1985, the assets incorporates central AC, subterranean parking and intercom / gated access. Offered already at in place CAP rate of 3.65% the asset also has 15% + loss to lease to further improve the NOI. Glendale has historically low vacancy factor and his in a supply constrained state of mid-sized assets. Situated North of Glenoaks Blvd, Palm Glen is in prime location of town. Walking distance to Elementary, Middle and High Schools. Tenants are within a couple minutes to Downtown Glendale shops and services. With the excellent location, condition and superb fundamentals, The Palm Glen Apartments offer stabilized asset and appealing long term investment opportunity. Contact us for complete Offering Memorandum.

Los Angeles, 1722 GARFIELD Place

Price: $6,700,000
Units Total: 24
Lot Size: 9,500
Living Area: 14,312
Year Built: 1924
Days on Market: 137
Description: Beautiful character building and value-add opportunity in Hollywood. The property has undergone substantial improvements in recent years and still has substantial upside in rents. Common areas have been renovated to expose and restore beautiful hardwood flooring. The interior and exterior was repainted to enhance the appearance and add character. A camera surveillance system was installed and the buildings power system was upgraded from 110 amps to 400 amps. Cast iron plumbing was also upgraded to copper.

420 South BEVERWIL Drive

Price: $6,695,000
Units Total: 5
Lot Size: 7,466
Living Area: 7,750
Year Built: 1936
Parking: Yes
Days on Market: 84
Description:

Whittier, 14149 Mulberry Drive

Price: $6,588,000
Units Total: 26
Lot Size: 42,253
Living Area: 19,448
Year Built: 1956
Parking: 0
Days on Market: 42
Description: Mulberry Drive Apartments is a 25 + 1* unit multifamily investment property located in the city of Whittier California. Situated on a 0.97-acre lot, the 19,448 square foot property consists of studio, one-, and two-bedroom floor plans averaging 748 sq.ft. Built in 1956, the property offers an attractive range of amenities including covered carport parking, a large central courtyard, a swimming pool, and an on-site laundry facility. *One studio unit is non-conforming

28718 Old Town Front Street

Price: $6,500,000
Units Total: 1
Lot Size: 28,750
Living Area: 7,000
Year Built: 1989
Parking: Yes
Days on Market: 1306
Description: Located right at the South entrance of the Old Town Temecula, Rodeway Inn Temecula is a bed and breakfast-style hotel with 39 meticulously clean rooms and a beautiful swimming pool. The hotel has a strong profit record and there may even be room for further expansion. It is within walking distance of festivals, antique shops, Children’s Museum, night life activities, family diners, bars, fine restaurants and many wine tasting rooms in the famous Western frontier style old town. The hotel is also within short driving distance to 44 + large, medium and boutique wineries on Rancho California Rd and De Portola Rd Wine Trail in the most famous wine country in SoCal, the CrossCreek Golf Club up in the Santa Rosa plateau and many area tourist attractions such as Lake Skinner, Diamond Valley Lake, Lake Elsinore, Pechanga Casino, Pala Casino, hot air balloon paunch pads and Galway Downs horse eventing show ground as well as the Temecula Valley Polo Club. It is one of Southern California’s main year-round tourism centers.

Bellflower, 9903 Belmont Street

Price: $6,500,000
Units Total: 36
Lot Size: 28,233
Living Area: 20,360
Year Built: 1959
Parking: 36
Description: Great value add opportunity. Please contact listing agent Jack Levis.

Venice, 1015 VENICE Boulevard

Price: $6,500,000
Units Total: 3
Lot Size: 13,061
Living Area: 908
Year Built: 1932
Parking: Yes
Days on Market: 208
Description: Located at the high visibility corner of Venice Blvd and Superior Ave just one block east of Lincoln Blvd. One of the largest multi-family zoned, undeveloped parcels in Venice with a very favorable LAR4 zoning. The property sits just outside of the Coastal Zone (Buyer to Verify). This prime infill sits in an area that that has an extremely low vacancy rate with some of the highest housing demands in Southern California. Property sold for land value.

Cudahy, 5250 Elizabeth Street

Price: $6,500,000
Units Total: 26
Lot Size: 40,871
Living Area: 18,868
Year Built: 1925
Parking: 57
Days on Market: 21
Description: An multifamily investment opportunity of this size, potential, and quality is rare in today’s Los Angeles market. The property consists of 5 buildings totaling 18,868 rentable square feet on a very large 40,870 square foot lot. The property has an ideal unit mix of 24 Two Bed / One Baths and 2 Four Bed / Two Bath free standing units. Every unit is individually metered for gas and electricity and has ample parking for all tenants. There are a total of 57 available parking spaces. In addition, twelve of the units have their own water heaters and have individual, enclosed patios. The four bedroom units have their own private parking lot and enclosed patios as well. There are also community laundry facilities available for tenants. The property is NOT subject to rent control, and has potential upside in rents of up to 23%! A majority of the units have been significantly rehabbed. This rehab includes: tile and / or vinyl plank flooring, new paint, new granite counter tops and kitchen cabinetry, ceiling fans, new bathroom vanities, tile shower enclosures and other attractive finishes throughout!

1614 WILSHIRE Boulevard

Price: $6,495,000
Units Total: 14
Lot Size: 6,145
Living Area: 16,209
Year Built: 2010
Parking: Yes
Days on Market: 70
Description: This mixed-use apartment building was built in 2010 consisting of 12 Residential Units and 2 Street Retail Spaces. This property is well maintained currently with a resident manager, a few blocks from Downtown LA, easy access to FWY 110 and 10 and conveniently located right across the street from Food4Less, Homes Depot, Starbucks, Panda Express, Jersey Mike’s, McDonalds just to name a few. There is strong investor / tenant demand in the area. Don’t miss this great opportunity.

Glendale, 610 PALM Drive

Price: $6,300,000
Units Total: 16
Lot Size: 13,080
Living Area: 14,664
Year Built: 1988
Parking: Yes
Days on Market: 5
Description: A 16 unit apartment complex located in the non-rent controlled City of Glendale, California. The offering provides an investor a tremendous opportunity to acquire a very well- maintained asset with approximately 25% in immediate rental upside, achievable through building / individual unit upgrades and structured rental increases. The property is being offered free and clear of any debt encumbrances. Each unit has their own washer-dryer hook-ups and water heaters. 4 units come with balcony decks and 8 come with large private patios. Some of the units have been recently upgraded with new appliances, carpeting, laminated wood flooring and kitchen / bathroom cabinet re-facing. There are 28 gated subterranean parking spaces. Landlord is responsible for cold water, sewage and trash. Tenant is responsible for hot water, gas and electricity.

Norwalk, 12645 Norwalk Boulevard

Price: $6,100,000
Units Total: 24
Lot Size: 27,878
Living Area: 21,145
Year Built: 1963
Parking: 0
Days on Market: 12
Description: Faircrest Apartments is a 24-unit non-rent controlled multifamily investment property located at 12645 Norwalk Boulevard in the city of Norwalk, California. Situated on a 0.64-acre lot, the 21,145 square foot property consists of studio, one-, two-, and three-bedroom units averaging 881 sq.ft. Built in 1963, the property offers an attractive range of amenities including a spacious courtyard with a sparkling swimming pool, carport parking, and on-site laundry. Residents of Faircrest Apartments enjoy easy access to Interstate 5, Norwalk / Santa Fe Springs Transportation Center, libraries, schools, and a plethora of major retail centers.

Los Angeles, 643 MALTMAN Avenue

Price: $6,100,000
Units Total: 18
Lot Size: 22,497
Living Area: 14,832
Year Built: 1928
Parking: Yes
Days on Market: 12
Description: We are pleased to present the opportunity to acquire “637-643-647 North Maltman Avenue”, an 18 unit, 3 building, investment opportunity located in Silver Lake (90026). The current ownership has created a proven concept that is supported by strong / sustainable current rents for 12 of the 18 units and allowing rental upside for the remaining. Furthermore, the astute investor could potentially undergo an exterior and common area improvement program that could further push rental values for the asset. An excellent unit composition includes One Bedroom, Jr. One Bedrooms and Single Family Homes. Situated on 3 contiguous R3 Zoned parcels of land totaling + / -22,499 sq.ft, with + / – 150 ft of frontage on Maltman Avenue, which could allow for a future luxury development opportunity. Centrally located in Silver Lake, 637-643-647 North Maltman Avenue is poised to capitalize on the tremendous momentum in the Hollywood-Silver Lake sub-market. Contact agents for full marketing package.

Studio City, 11145 SUNSHINE Terrace

Price: $6,050,000
Units Total: 8
Lot Size: 12,165
Living Area: 14,998
Year Built: 2009
Parking: Yes
Days on Market: 194
Description: We are pleased to introduce 11145 Sunshine Terrace, located in Studio City, CA. This is a rare opportunity for an investor to acquire a trophy apartment building in the hills of Studio City. This 2009 construction building is not subject to rent control. The rents are currently below market, and a new owner could step in and raise rents to market with relatively minimal work required. This property lacks direct competition in its immediate area. The minimum home rental price in the immediate area hovers around $5,500. There is plenty of room between that price and the building’s current rents, which provides plenty of upside to be capitalized upon. These 3 bedroom 2.5 bath townhomes are condo mapped, with several layouts, and were originally built to be sold individually. This presents a new owner with an opportunity to hold onto these units as a rental property or to individually spin them off when market pricing is optimal.

Los Angeles, 2165 West WASHINGTON

Price: $6,000,000
Units Total: 26
Lot Size: 28,551
Living Area: 24,666
Year Built: 1924
Parking: Yes
Days on Market: 12
Description: Prime West Adams / Mid-City location. 26 total units including 10 commercial units, 12 apartments and a 4 unit all located at 2165 W. Washington Blvd. (APN 5074-015-002) and (5074-015-001); a parking lot at 2153 W. Washington Blvd. (APN 5074-015-022) and 1831 S. Oxford Avenue (5074-015-023) being sold together as a potential to reposition the asset. The property consists of 22 commercial units and mixed use buildings located at 2165 W. Washington Blvd. And 2153 W. Washington Blvd. On a 22,270 sq. Ft. Lot zoned LAC2. Rents are as follows: 10 Commercial= $16,310; 12 Upstairs Apartment Units= $12,732; 4 Units located at 1831 S. Oxford 1 + 1’s= $4,872. Good income producing property for now. Buyer to conduct own independent investigation in regard to any future plans. Please call for Listing Package.

709 South KINGSLEY Drive

Price: $5,700,000
Units Total: 15
Lot Size: 6,756
Living Area: 11,216
Year Built: 1989
Parking: 21
Days on Market: 80
Description: Back on Market! Rare investment opportunity in the heart of Koreatown. No rent control restrictions in this newly built 15 unit apartment building. Each unit is individually metered with laundry room that generates additional income for the owner. No onsite manager required. Building has 18 secured subterranean parking spaces which provides enough spaces for every unit. Newly updated common areas with lots of potential for revenue growth. Central location to all that Koreatown has to offer including restaurants, cafes, markets, Wiltern Theater, and the Western / Wilshire Metro station.

1701 West Balboa Boulevard

Price: $5,699,000
Units Total: 10
Lot Size: 5,227
Living Area: 7,552
Year Built: 1948
Parking: 10
Days on Market: 53
Description: RARE, DOUBLE LOT with 10 units and only 25 yards away from the sand on Balboa Peninsula. Unit mix consists of the following: one 4 bed 2 bath (has ocean views), one 2 bed 1 baths, three 1 bed 1 baths, 5 studios, and there are 10 separate garages. Professional Property Management company is handling the property with total rents are approximately $21,000 per month, this could be enhanced if new owner decides to turn property into weekly vacation rentals. All units are upgraded and updated with new kitchens and all have original wood floors that have been refinished along with newer carpet. Owner states the city of Newport Beach is open to having 10 condos built on the land itself thus giving an amazing opportunity for Investors, please check with City of NB. PLEASE DO NOT DISTURB ANY TENANTS, DRIVE BY ONLY, SHOWN WITH ACCEPTED OFFER.

11795 GATEWAY Boulevard

Price: $5,600,000
Units Total: 14
Lot Size: 14,050
Living Area: 11,067
Year Built: 1953
Parking: 11
Days on Market: 320
Description: Location, Location, Location. 11785 and 11795 Gateway Blvd comprise 14 units having Ten 1 Br., 1 Ba. Units and Four 2 Br., 1 Ba. Units. Laundry room on premises. An excellent opportunity to acquire a well located property approximately 4 blocks from Santa Monica and about one mile from the Expo line. According to Title the lot is 14,050 and the living space is 11,067.7 units will be vacant at the close of escrow of which 4 are ready to rent.

Newport Beach, 2110 West Oceanfront

Price: $5,595,000
Units Total: 4
Lot Size: 3,920
Living Area: 4,580
Year Built: 1925
Parking: 5
Days on Market: 2
Description: OCEANFRONT OPPORTUNITY WITH UNOBSTRUCTED VIEWS OF THE PACIFIC. LOCATED AT THE FAMOUS BLACKIES BEACH AND ONE OF THE HOTTEST TOURIST DESTINATION SPOTS IN THE WORLD. MULTI USE PROPERTY W / DOUBLE LOT. FOUR (4) UNITS INCLUDED IN SALE. FOUR (4) PARKING SPACES-INCLUDING ONE GARAGE and ONE (1) STORAGE AREA. TWO RETAIL STORES ARE ALL LONG TERM TENANTS. PIZZA / GELATO AND HENRYS MARKET. EACH WITH OWN PARKING SPACE. TWO UPSTAIRS-RESIDENTIAL UNITS ARE EACH 3 BED 2 BATH. BOTH HAD EXTENSIVE REMODEL IN 2007. FRONT UNIT HAS STUNNING PANORAMIC OCEAN AND CATALINA VIEWS. ***REAR UNIT HAS SOME OCEAN VIEW AND PRIVATE PATIO. THIS LOCATION OFFERS A TREMENDOUS OPPORTUNITY FOR AN INVESTOR OR OWNER USER. NO HOA FOR THIS BUILDING AND LOW MAINTENANCE FEES. DORY FISH MARKET IS LOCATED RIGHT IN FRONT OF YOU ALONG WITH THE PIER, OCEAN, FINE DINING, PUBS AND RETAIL STORES. TENANTS ARE NOW MONTH TO MONTH WITH EXCEPTION OF GELATO STORE. RENTS ARE UNDER MARKET. THIS AREA IS UNDERGOING A MAJOR FACELIFT WITH NEW CONDOS, NEW HOTELS, NEW MARINAS AND YACHT CLUBS. VERY ACTIVE AREA YEAR ROUND. LOCATION IS SUPURB.

Los Angeles, 4319 TOLAND Way

Price: $5,525,000
Units Total: 13
Lot Size: 20,813
Living Area: 15,888
Year Built: 1921
Parking: Yes
Days on Market: 28
Description:

Los Angeles, 1609 VETERAN Avenue

Price: $5,500,000
Units Total: 10
Lot Size: 7,922
Living Area: 13,295
Year Built: 1963
Parking: Yes
Days on Market: 20
Description: We are proud to present a special opportunity to acquire a ten (10) unit apartment complex boasting over 13,000 building square feet in the affluent neighborhood of Westwood! The property features two (2) 2 bed and 1.75 bath penthouse units, eight (8) ultra-spacious 2 bed and 1.75 bath units. The property will be delivered with two (2) units vacant and offers a common laundry area for additional income. 1609 Veteran is located within the prime Westwood neighborhood, walking distance to Westwood Village and UCLA, an area with historically high rental demand from both families and students. Property tours will be scheduled for qualified buyers by appointment.