Residential Income, California | Page 2 -001-11-30T00:00:00-08:00
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Long Beach, 1405 Lewis Avenue

Price: $7,800,000
Units Total: 20
Lot Size: 17,496
Living Area: 34,000
Year Built: 1920
Parking: 20
Days on Market: 2
Description: This is a once in a Lifetime opportunity to own a solid concrete, built like a bomb shelter and anchored with a 400 Square foot bank vault, 8 foot wide by 16 foot long freight elevator converting to a 4 story Artist Loft building. Built in the early 20’s, no expense was spared in building this Fireproof Storage Warehouse. Even the wide open deck of the 5 level rooftop is solid concrete and can accommodate loads. The rooftop is 7000 sq.ft. Each unit is also built to commercial fire code. The interior separation walls are either red brick, concrete or steel studs with double 5/8″ fire rated walls. This is a trophy property and your chance to make a difference in the artist community. All units are subject to the Administrative Use Permit. Tenants will have a license in the world of fine arts. All Tenants. There is a 6000 sq.ft INDOOR LOADING DOCK! Used for parking, it has direct access to the freight elevator and to a 1400 sq.ft bonus room. The owners unit / office is 3500 sq.ft, is 3 levels, and includes the bank vault as part of the layout. It has a giant original fireplace, massive 17 foot ceilings and so much more! Power includes a new 3 Phase 800A service with 200A 3 Phase on each floor!

Long Beach, 5401 East Anaheim Road

Price: $7,750,000
Units Total: 22
Lot Size: 16,708
Living Area: 21,724
Year Built: 1987
Parking: 42
Days on Market: 2
Description: Outstanding location in the Park Estates! This 22 unit 2-story apartment was built in 1987. Each unit is 2 Bedroom 2 Bath with their own private patio / balcony. Assigned subterranean parking with 20 of the units having 2 parking spaces. Second story units have vaulted ceilings in the living room and in the bedrooms. Walking distance to California State University Long Beach and Circle Area shopping centers. Tremendous upside in rents based upon the current and market rates.

Long Beach, 32 7th Place

Price: $7,750,000
Units Total: 15
Lot Size: 8,915
Living Area: 19,911
Year Built: 1961
Parking: 15
Days on Market: 2
Description: Rare Ocean Front apartment located in the highly desired Alamitos Beach area. This 15 unit apartment is a 3-story Building with private ocean view balconies and lower units leading out to the sand. Consists of (3) 2 Bed / 2 Bath, (9) 2 Bed / 2 Bath, (3) 3 Bed / 2 Bath. Each unit comes with 1 subterranean parking space. Steps from the Pacific Ocean and feet from the shoreline pedestrian bike path.

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: 94
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-unit condominiums (Buyer to verify). Both properties to be sold together. Ideal for Owner User / Investor / future potential development.

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: 118
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.

Van Nuys, 7051 FIRMAMENT Avenue

Price: $7,000,000
Units Total: 9
Lot Size: 44,973
Living Area: 20,930
Year Built: 2017
Parking: Yes
Days on Market: 37
Description: This newly constructed small lot subdivision is comprised of 4 and 5 bedroom single family residences. The single family residences consist of 5 five-Bedroom / three-bathroom at 2,310 sq.ft, 2 four bedroom / three-bathroom plus loft at 2,380 sq.ft and 2 four- bedroom / three- bathroom at 2,310 sq.ft. The single family residences were constructed of wood frame and stucco with high quality concrete roofs and exterior stone veneer siding. The small lot subdivision has a brand new private street and when completed will have 9 individual APNs. All single family residences are designed to accommodate a low expense rate with each having individual meters for electricity, gas and water. Interiors feature all new stoves / ovens, dishwashers, garbage disposals, two-tone Paint with recessed LED lighting throughout. Certificate of Occupancy is expected in the coming months.

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: 19
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.

5716 Whitsett Avenue

Price: $6,695,000
Units Total: 16
Lot Size: 14,662
Living Area: 19,520
Year Built: 2003
Parking: 33
Days on Market: 6
Description: Whitsett Apartments is a 16-unit non rent-controlled complex in Valley Village, CA. Set on a 14,662 square foot lot, the 19.520 square foot property offers two and three bedroom townhomes. Built in 2003, the property offers significant rental upside and an excellent location.

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: 24
Description:

Los Angeles, 1016 TIVERTON Avenue

Price: $6,595,000
Units Total: 13
Lot Size: 11,746
Living Area: 12,567
Year Built: 1929
Days on Market: 92
Description: We are pleased to be offering this great property in the heart of Westwood, minutes from UCLA campus. 13 Units on an approximately ~11,746 square foot lot. Unit mix comprising of nine (9) one bedroom / one bathrooms; and four (4) singles. Unit 105 currently vacant (will be delivered vacant). Rent for Unit 105 is projected. First time on market in over 60 years!

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: 1246
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.

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: 148
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.

1432 North CURSON Avenue

Price: $6,499,000
Units Total: 9
Living Area: 15,520
Year Built: 2016
Parking: Yes
Days on Market: 255
Description: 1432 N Curson is a 2016-built 9-unit building, built with the highest-end finishes and touches throughout. The subject building presents an investor a unique opportunity to own the premier building on a premier street, just a few buildings south of famous Sunset Blvd. The building is currently 100% vacant, however, pre-leasing efforts have shown a very high-level of interest at exceptional market rates. The building features nine state-of-the-art, large apartments, a rooftop deck, wi-fi enabled Nest thermostats and a parking garage with electric vehicle charging stations. Each unit has its own large balcony, open floor plan, high ceilings, hardwood and carpet floors, family room, living room, dining room, office, in-unit storage, walk-in closet, ceiling fans, breakfast bar, granite counters in the kitchen and stainless steel appliances. The property will be delivered with certificate of occupancy in place. An incredible opportunity for a 1031 exchange, owner-user, or value-add investor.

Manhattan Beach, 4117 THE STRAND

Price: $6,495,000
Units Total: 3
Lot Size: 3,500
Living Area: 2,804
Year Built: 1939
Parking: 6
Days on Market: 450
Description: LOWEST PRICED PROPERTY ON THE MANHATTAN BEACH STRAND. OFFERED WITH ADJOINING CORNER LOT PROPERTY AT 4122 THE STRAND CREATING THE POTENTIAL FOR AN OCEAN FRONT DOUBLE CORNER LOT PROPERTY AT THE SAME PRICE AS A SINGLE SOUTH MANHATTAN STRAND INTERIOR LOT. PRESENTLY IMPROVED WITH A 1930’S DUPLEX WITH SPACIOUS 2 BEDROOM UNITS WITH PANORAMIC OCEAN VIEWS WITH HARDWOOD FLOORS, PLUS DETACHED ONE BEDROOM UNIT WITH OPEN BEAMS, 3 CAR GARAGE + 3 OFF STREET PARKING SPACES. REFURBISH EXISTING IMPROVEMENTS OR BUILD A GRAND RESIDENCE OR 2 TOWNHOMES WITH CITY APPROVAL. THE BEST INTERIOR VALUE ON THE MANHATTAN STRAND

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: 10
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.

1821 North ALEXANDRIA Avenue

Price: $6,300,000
Units Total: 20
Lot Size: 15,800
Living Area: 16,902
Year Built: 1962
Parking: 0
Days on Market: 128
Description: The Twin Palm apartments, a 20 Unit apartment community in a premier Hollywood-Los Feliz locale. The offering, built in 1962, is located at 1821 North Alexandria Avenue, Los Angeles CA 90027 and consists of 20 apartment homes with an excellent unit composition with tremendous rental upside. 1821 North Alexandria Avenue, built in 1962, encompasses + / -16,902 sq.ft of improvements featuring exceptionally large units consisting of Ten (10) 2 Bedroom and 2 Bathroom, Nine (9) 1 Bedroom 1 Bath and One (1) Single unit. Many units feature large balconies The amenity package includes gated entry, courtyard, onsite laundry facilities and individually electricity and gas utilities. Rents at the subject property are far below market levels, thus representing a strong long term investment opportunity in a premier Los Angeles location. Located between two prime avenues, Hollywood Boulevard and Franklin Avenue. Please email listing agents for full marketing package.

Los Angeles, 1115 South Swall Drive

Price: $6,250,000
Units Total: 2
Lot Size: 25,769
Living Area: 4,010
Year Built: 1979
Parking: 6
Days on Market: 59
Description: ATTENTION INVESTORS / DEVELOPERS! Price is for 3 (three) APNs—or 4 (four) side-by-side lots on the city’s plot map. All are zoned R2 (which means the new, R1 building restrictions don’t apply). Build 3-4 huge homes or 3-4 duplexes! Total land is 25,769. Interested parties are advised to check with LADBS to explore the development possibilities. The property is adjacent to Beverly Hills and in the Pico / Robertson area (close to many places of worship, 10 freeway, and LA Metro).

Los Angeles, 11902 GORHAM Avenue

Price: $6,197,000
Units Total: 10
Lot Size: 7,513
Living Area: 10,861
Year Built: 1966
Parking: Yes
Days on Market: 8
Description: Prime Brentwood Location! Walking distance to Brentwood Country Club, Whole Foods, Starbucks and more. Bike riding distance to Santa Monica Beach and next to 405 and 10 FWY. Building has four large 1 bedroom units, four 2 bedroom / 2 bath units, 1 bedroom Penthouse Suite w / huge terrace and 2nd Penthouse suite has 3 bedrooms / 2 baths. All units have great balconies. Excellent Value Add Investment; still room to raise rents by 30% on 7 units, remodel 5 units and remodel exterior. Penthouses have NO rent control. Only 5 units have been remodeled w / central AC / heat, beautiful flooring, remodeled baths and kitchens. Great owner user building because owner can occupy Penthouse w / 3 bedroom / 2 baths, private laundry room, open floor plan, fire place, wet bar, huge terrace with mountain views, private storage room and private elevator. Seller is looking for a seasoned investor that is easy to work with, will buy property AS IS and will NOT ask for repairs or credits. Seller will not do any retrofitting.

West Hollywood, 969 LARRABEE Street

Price: $6,195,000
Units Total: 27
Lot Size: 12,502
Living Area: 10,512
Year Built: 1959
Parking: Yes
Days on Market: 16
Description: Terra Firma Realty, a Keller Williams Team is pleased to announce this Fantastic 16-unit multifamily property conveniently located on the world-famous Sunset Strip in West Hollywood directly next door to the trendy London Hotel. Building consisting of 14 one Bedrooms and 2 Single units with over 10,500 sq. Ft. This mid-century modern building is the perfect opportunity for an investor to give it some much needed TLC, or build new on top of its double sized lot – 12,500 sq.ft. Rents are currently well below market value for the area and there are 3 units currently vacant for the sale. There’s plenty of upside whether you decide to renovate or tear down and build new. Buyers to cooperate with Seller’s 1031 exchange at no additional cost to Buyer. *** Do not disturb tenants *** Call L / A’s for all information *** Unit 14 1 Bedrm = $991.57, Unit 15 1 Bedrm = $1868.00, Unit 16 1 Bedrm. = $0 (Vacant)

Studio City, 11145 SUNSHINE Terrace

Price: $6,150,000
Units Total: 8
Lot Size: 12,165
Living Area: 14,998
Year Built: 2009
Parking: Yes
Days on Market: 134
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.

709 South KINGSLEY Drive

Price: $6,000,000
Units Total: 15
Lot Size: 6,756
Living Area: 11,216
Year Built: 1989
Parking: 18
Days on Market: 20
Description: 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.

Santa Monica, 817 12TH Street

Price: $5,995,000
Units Total: 11
Lot Size: 7,494
Living Area: 10,639
Year Built: 1966
Parking: Yes
Days on Market: 157
Description: 11 Very large units in one of the best locations in Santa Monica! Located on one of the best north / south streets in SM and just steps from Montana Avenue this great 11-unit has more than 100% rental upside. Great unit mix which includes four large 2BD + 1BA, five large 2BD + 1.5BA and two oversized 3BD + 2BA! Building attributes include an abundance of parking, on-site laundry, large storage room, garages and great views from some units. The plumbing appears to be mostly copper. Three properties south of Montana Avenue on 12th Street in the heart of the best that Montana Avenue has to offer – convenient to shopping, restaurants and entertainment.

Los Angeles, 4120 NORMAL Avenue

Price: $5,795,000
Units Total: 20
Lot Size: 13,952
Living Area: 13,862
Year Built: 1964
Parking: Yes
Days on Market: 63
Description: Beautifully renovated and great cash flowing 20 unit property located on the Western edge of the Silver Lake hills and steps from Virgil Village. 17 of the 20 unit have been extensively renovated and current owners have completed the city mandated retrofit. Tenants enjoy being within walking distance of many great shops and restaurants and centrally located to many major employment hubs.

Santa Monica, 2620 11TH Street

Price: $5,700,000
Units Total: 16
Lot Size: 17,072
Living Area: 8,084
Year Built: 1947
Parking: Yes
Days on Market: 37
Description: Charming Spanish Style Courtyard Building in PRIME OCEAN PARK. 2 Buildings with private patio areas tucked away behind tall hedges. First time on the market in 40 years. SELLERS WILL CONSIDER CARRYING 1ST TD AND NOTE WITH 50% DOWN, 5% INTEREST ONLY OR MORE PER MONTH FOR 8-10 YEARS. 16 (1 + 1) units, 11 garages, 5 parking spaces, and 5 storage lockers – all rented. (Rent for parking spaces and storage lockers could be higher because one locker and one parking space is currently being used by the owner and on-site manager. Only a few historically low rents. Tremendous potential for income growth! Buyer to cooperate with Sellers’ 1031 tax deferred exchange. Unit Type: “Unit 4” actual and scheduled rental income of $450 / $550 includes 5 storage lockers and laundry room income.