Residential Income, California | Page 2 -001-11-30T00:00:00-08:00
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Glendale, 427 West Dryden Street

Price: $8,600,000
Units Total: 26
Lot Size: 21,499
Living Area: 19,562
Year Built: 1962
Parking: 0
Days on Market: 84
Description: REDUCED! Incredible opportunity to purchase 26 units in prime North Glendale. This property is being offered for sale for the first time since construction. Lovely pool and courtyard area, tremendous income potential.

1122 North HAYWORTH Avenue

Price: $8,500,000
Units Total: 24
Lot Size: 17,153
Living Area: 19,534
Year Built: 1960
Parking: 0
Days on Market: 4
Description: Hayworth-Norton is a well-maintained property that is separately metered for gas and electric, serviced by two central water heaters, and has new copper plumbing and new windows throughout. The property offers two on-site laundry facilities (machines owned by building) and gated parking with 24 covered parking spaces. Units have wall units for heating and cooling, ample storage space, and gas stoves. Several of the units have been extensively renovated with vinyl plank and tile flooring, new kitchen cabinetry, new quartz countertops, new stainless steel appliances including stoves, refrigerators, dishwashers, and microwaves, recessed lighting, ceilings fans, and new bathrooms. All units have a private patio or private balcony. Approximately four units will be delivered vacant. The property is subject to the City of West Hollywood Rent Control Ordinance and City of West Hollywood Soft Story Retrofit Requirement.

8225 FOUNTAIN Avenue

Price: $8,500,000
Units Total: 8
Lot Size: 7,995
Living Area: 9,330
Year Built: 1926
Parking: 6
Days on Market: 64
Description: *Patio del Moro / 7 Luxury Units in West Hollywood*On the National Register of Historic Places since 1986*A true West Hollywood Landmark*Located within the Harper Avenue Historic District*Once in a lifetime opportunity for ownership*Current Mills Act application for tax abatement*Built in 1925 by architect Arthur and Nini Zwebell*Andalusian Style building*Superior unit mix of 1 to 3 Bedroom Units*Large Units ranging from approximately 1,000-1,725 SF*9,330 sq.ft of building improvements*7,995 sq.ft lot*3 story building*Intertwined private terraces and patios*Juliet balconies, private outdoor spaces*Tremendous 25% upside in rents*Potential for condo conversion*Property is in excellent condition, attributed to the love of the building’s previous owners*Former home of Charlie Chaplin, Humphrey Bogart and other historical celebrities*Listed at a 3.29% cap rate on actual income utilizing the Mills Act Tax Abatement

Long Beach, 440 West 5th Street

Price: $8,500,000
Units Total: 21
Lot Size: 12,942
Living Area: 20,457
Year Built: 1987
Parking: 21
Days on Market: 74
Description: The offering is a four-story, 1987 construction apartment building with gated parking on the ground floor and nine one-bedroom and 12 two-bedroom units on the top three floors*. Recent upgrades include new hardwood-style flooring, new kitchen hardware and new bathroom fixtures. Amenities include fireplaces, in-unit laundry hookups, dishwashers, balconies, bedroom ceiling fans, and secure parking. The property also features a new rooftop deck with amazing views for tenants enjoyment. These amenities make 440 West 5th Street competitive in such a dense rental market, and the property’s good location and desirable unit mix make this offering an excellent opportunity for an investor to add value and capture substantial potential upside in rents. *Title shows 19 units.

Long Beach, 1751 Loma Avenue

Price: $8,000,000
Units Total: 24
Lot Size: 16,685
Living Area: 22,006
Year Built: 1964
Parking: 25
Days on Market: 4
Description: The Loma View Apartments are a 24 unit apartment community located near the Traffic Circle. The property is comprised of 2 separate buildings and boasts an excellent unit mix of one bedroom, two bedroom, and three bedroom units with gated access, a pool, and center courtyard between the two buildings. The building also features garage parking and an onsite laundry facility. This asset represents tremendous value-add opportunity for investors in a submarket with very little inventory. The building is located in the Circle Are submarket and in close proximity to Cal State Long Beach University, Recreation Park 9 Golf Course and walking distance to restaurants, coffee shops, shopping, and night life venues.

Los Angeles, 5643 CARLTON Way

Price: $7,995,000
Units Total: 24
Lot Size: 17,172
Living Area: 21,651
Year Built: 1965
Parking: Yes
Days on Market: 29
Description: Originally built in 1965, current ownership has extensively renovated 9 of the 24 units at the property including adding ventless washer and dryer in units, stainless steel appliances, new cabinet faces, luxury plank flooring, quartzite countertops, new ceiling fans, and upgraded lighting and plumbing fixtures and is achieving $800- $850 premiums over the average in place rents on unrenovated units. Additionally, the common areas have been improved with exterior wood cladding façade accents, landscaping upgrades, new courtyard tile, full property re-paint, and expanded electrical capacity thereby allowing investors to focus on revenue generating interior enhancements moving forward.

Beverly Hills, 9965 Durant Drive

Price: $7,795,000
Units Total: 4
Lot Size: 8,800
Living Area: 6,558
Parking: 0
Days on Market: 85
Description: Price Includes Two Separate Adj. Properties on two sep. Lots. 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. Location, Location, Location!

Los Angeles, 3426 West 1ST Street

Price: $7,790,000
Units Total: 18
Lot Size: 10,261
Living Area: 14,154
Year Built: 1990
Parking: Yes
Days on Market: 63
Description:

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: 189
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.

16850 CHATSWORTH Street

Price: $7,500,000
Units Total: 34
Lot Size: 26,817
Living Area: 24,787
Year Built: 1965
Parking: 0
Days on Market: 11
Description: Great value for a quintessential income property with huge potential to continue to upgrade units and rents and reap the benefits! This well-maintained 24,787 sq.ft, 34-unit apartment building is located at an excellent location in Granada Hills on a 26,817 sq.ft lot. The 34 units are compromised of (1) 3 bed unit (16) 2 bed units, (15) 1 bed units and (2) studio units. The majority of the units have been beautifully redone and renovated with building amenities including 32 gated parking spaces, a swimming pool, barbecue area and on-site laundry. Don’t miss out on this rare opportunity to own a well-positioned multi-family building with great upside, less than a mile away from a comprehensive range of local amenities; including restaurants, supermarkets, banks, and an assortment of retail stores.

Venice, 845 Venice Boulevard

Price: $7,500,000
Units Total: 0
Lot Size: 2,022
Living Area: 0
Year Built: 1934
Parking: 0
Days on Market: 74
Description: Prime corner location on Venice Blvd. And Marion Pl. Contains over 18,000 sq.ft of LAR3 zoned land. Located between Lincoln Blvd and Abbot Kinney with rear alley access. Parcels sold as a package. The property contains 3 single family homes and 4 separate bungalow units 3 of which are rented. The single 3 single family home will be vacant at the close of escrow. Great possibility to purchase this once in a lifetime real estate opportunity.

1801 South FLOWER Street

Price: $7,500,000
Units Total: 30
Lot Size: 7,152
Living Area: 24,096
Year Built: 1913
Parking: 0
Days on Market: 74
Description: We are pleased to offer for sale this thirty (30) unit multifamily investment opportunity located in the City of Los Angeles. This seismically reinforced three-story brick building was built on a raised foundation in 1913, with a square footage of 24,096 on a 7,151-square foot lot. The subject property represents a very desirable asset in the Downtown Los Angeles sub-market. The building has been reinforced and upgraded in compliance with the latest city codes and regulations, and is comprised of a remarkable unit mix, consisting of twenty-one (21) studio units, nine (9) one-bedroom + one-bathroom units, and a 6,000 sq.ft Basement (possible to lease for additional income). The subject property has twelve (12) vacant units, and is subject to the City of Los Angeles rent control regulation. The investment boasts spacious floor plans, secured gated entry, an on-site laundry room for additional income, and individually metered for gas and electricity.

9237 WAKEFIELD Avenue

Price: $7,300,000
Units Total: 12
Lot Size: 31,509
Living Area: 22,200
Year Built: 2018
Parking: 0
Days on Market: 26
Description: 2018 construction portfolio consisting of 12 detached single family homes. Each home is about 1,850 sq. Ft. And has 4 Bedrooms and 3.5 Bathrooms and includes an additional 360 + / – foot 2 car garage with an electrical outlet for electric vehicles, fireplaces in the living room and master bedroom, a balcony in the master bedroom and a private backyard patio. The builder has used quality finishes throughout the property including many windows which have a lifetime warranty, skylights, oversized closets with shaker cabinets with soft-close drawers, Grohe fixtures including farm sinks, quartz counters in the kitchen and bathrooms, ceramic tile in the bathrooms and water resistant wood laminate flooring.

1398 North Sierra Way

Price: $7,200,000
Units Total: 68
Lot Size: 144,183
Living Area: 53,776
Year Built: 1949
Parking: 0
Days on Market: 18
Description: Highlights; Competitive Offering Actual CAP Rate of 5.84 %, with a ProForma CAP Rate of 6.57 %, Offering Actual GRM of 10.49, with a ProForma GRM of 9.68 / Rental Comparables Illustrate a 98 % Occupancy Area. Rental Survey Completed 03/05/2018., $1,000,000 In Recent Property Improvements and Renovations Under Current Ownership. 60% of the Units Have Been Completely Renovated., Conservative 10% Upside in Potential Rental Income. Achieved through continued implementation of Government approved and funded programs., Currently only 30% of the Tenants are in Government funded program, allowing for future growth., 4 Units Have Fire Damage and Are Currently Under Complete Rehabilitation. Units to be Delivered per Seller in 100% Rent Ready Condition. The Mountain view manor apartments are located on a sprawling 3.31 acre lot. The property is composed of 10 + buildings, outbuildings, and cover parking structures for all units. This 68 unit apartment community possesses an attractive unit mix of 35 one bedroom / one bathroom units, 1 one bedroom / one and a half bathroom unit and 32 two bedroom / one bathroom units. Over 60% of the units have been completely renovated. Recent property improvements by current ownership exceed $1,000,000 and have been outlined below. Capital Improvements and Renovations: New Interior Paint New Flooring in units New Kitchen Cabinets and Countertops New Appliances New Bathroom Cabinets Updated Exteriors Exterior Paint and Fascia Improvements

Fullerton, 210 South Brookhurst Road

Price: $7,200,000
Units Total: 24
Lot Size: 60,984
Living Area: 14,844
Year Built: 1953
Parking: 24
Days on Market: 60
Description: Well maintained property professionally managed for over 20 years. This group of 6 4-plex’s is easy to rent and low maintenance for the owner. 100% occupied with a waiting list. Only strong offers will be considered. The owner’s are currently in the process of installing a new roof. The property was repiped for water and gas in 2004, new sewer lines installed 2010, complete rewire 2007/2008, parking lot slurry sealed in 2013.

Laguna Beach, 1295 Ocean Front

Price: $7,200,000
Units Total: 2
Lot Size: 4,238
Living Area: 2,500
Year Built: 2005
Parking: 2
Days on Market: 7
Description: Luxury Ocean Front duplex, situated in the heart of Laguna Village, just steps from all the shops, restaurants and galleries in the “Hip District”. Panoramic whitewater and Catalina Island views from nearly every room in both the Penthouse / Upper and the Lower contemporary cottage duplex. This remodeled property sits on a corner lot and has no southerly neighbor – this is as ‘exclusive’ as ocean front gets in downtown Laguna Beach. Expansive wrap-around decks on both levels. Beautifully remodeled, fully furnished and equipped with Open-concept living, high-beamed ceilings and hardwood floors throughout, with walls of windows looking out to white water ocean views. All top-of-the-line appliances and decor with inside Laundry and 2-ca garage parking plus carport. Step down to the beach or stroll around the corner to fun, local amenities – festivals, beaches and tide pool coves. Great Income producing property (with history of verified rents of $9,500-20,000 / mo for upper unit at 1295 Ocean Front and $7,500-18,000 / mo for lower unit at 1293 Ocean Front). Also ideal as a second home while enjoying lucrative income from unit below. —

Los Angeles, 5326 LEXINGTON Avenue

Price: $7,100,000
Units Total: 13
Lot Size: 15,001
Living Area: 12,210
Year Built: 1991
Parking: Yes
Days on Market: 26
Description: Rare opportunity to acquire this great 13 unit apartment building in a fabulous Hollywood location. Built in 1991. No Rent Control. Most of the units have been remodeled or renovated in a spacious floor plan with central A. C / heater. All units are separately metered for electricity and gas. This property has intercom entry system and laundry room.

North Hollywood, 5543 CASE Avenue

Price: $7,075,000
Units Total: 18
Lot Size: 14,502
Living Area: 14,200
Year Built: 2002
Parking: Yes
Days on Market: 17
Description:

1326 LONDONDERRY VIEW Drive

Price: $6,950,000
Units Total: 9
Lot Size: 9,122
Living Area: 10,502
Year Built: 1938
Parking: Yes
Days on Market: 254
Description: ICONIC apartment community located above Sunset Boulevard in the WORLD CLASS Sunset Plaza neighborhood at 1326 Londonderry View Drive, Los Angeles, CA 90069. Built in 1938, the offering is comprised of Nine (9) apartment homes encompassing + / -10,502 sq.ft plus + / -2,000 of enclosed patios. Features an unparalleled unit composition of Singles, One, Two and Three Bedroom Units. The common areas feature flagstone courtyard with fountain, ornate woodwork, elevator service, and parking. Property to be sold in conjunction with adjacent unpriced Single Family Homeat 1328 Londonderry View Drive (2,074 sq.ft Improvements, 12,033 sq.ft Land, Zone LAR1)

Artesia, 11500 186th Street

Price: $6,890,000
Units Total: 12
Lot Size: 22,261
Living Area: 17,638
Year Built: 2014
Parking: 27
Days on Market: 30
Description: Triqor Group is pleased to present The Townhomes on 186th, a 12-unit community located in Artesia, California. The Townhomes on 186th was built in 2014, boasting 6 large three-bedroom / three-bathroom + den townhome style units and 6 large two-bedroom / two-bathroom + den townhome style units. Each unit offers an open floor plan with lots of natural sun light, granite countertops, hardwood floors, central A / C and stainless steel appliances (select units). The exterior of the property features attached garages, interlocking driveway pavers, and premier drought conscious landscaping. The Townhomes on 186th offers an investor the opportunity to own a newer constructed stabilized asset with a 4.4% cap rate on market rents. The Townhomes on 186th are located in Artesia, CA a city in southeast Los Angeles County. Artesia is one of LA County’s Gateway Cities sitting between the City of Los Angeles, Orange County, and the Pacific Ocean. It is surrounded on the west, south and east sides by Cerritos, with Norwalk to the North. The property is located within minutes from the 605 and 91 Freeway’s with a short walk to The Cerritos Shopping Mall. The Townhomes on 186th is part of the ABC Unified School District which is nationally recognized as a leader in education planning, innovation and outstanding educational programs. The ABC School District combined with the central location between two major metro centers make Artesia an ideal place to live.

Los Angeles, 130 South CROFT Avenue

Price: $6,850,000
Units Total: 18
Lot Size: 13,004
Living Area: 12,018
Year Built: 1955
Parking: Yes
Days on Market: 3
Description:

Beverly Hills, 9595 West OLYMPIC

Price: $6,800,000
Units Total: 12
Lot Size: 8,400
Living Area: 9,072
Year Built: 1949
Parking: Yes
Days on Market: 36
Description: This Beverly Hills apartment building boasts twelve (12) beautifully remodeled units. The unit mix consists of eleven (11) 1 bedroom + 1 bath and one (1) junior bedroom + 1 bath units. The property is a two-story 9,072 square foot walk-up building with wood frame and stucco construction situated on a 8,400 square foot lot. All of the units have been upgraded with granite kitchen counters, stainless steel appliances, wood cabinetry, dual-pane windows and bamboo floors. Parking is provided on-site with eight (8) spaces adjacent to the building. Each of the units are separately metered for electricity and gas. The plumbing was also upgraded to copper in 2010.

Laguna Beach, 931 South Coast

Price: $6,700,000
Units Total: 8
Lot Size: 6,098
Living Area: 5,638
Year Built: 1965
Parking: 16
Days on Market: 46
Description: One of Laguna’s “Trophy Properties” owned by the same family for 46 years. This Architecturally interesting Post and Beam design is located on the ocean-side of Pacific Coast Highway in the center of town. The Pacific Coast Highway location next to the corner of Thalia Street makes this building command attention. Good ocean views from the six residential units on the ocean side of the building, it is only steps to the sand for the tenants. The Coast Highway building contains two commercial units each of approximately 500 sq.ft. (Currently they are combined). Each of the commercial units has it’s own bathroom and two parking spaces, tandem. Between the commercial space there is a courtyard area with a separate two story building consisting of six residential units. Three on the upper and three on the lower. All one bedroom units of the same size with balconies and ocean Views. There are eight tandem parking spaces which are accessed off the rear on Gaviota Street, (Two for each unit). There is a separate laundry area with coin-op washer / dryer and tenant storage cabinets off the carport area. Easy access to popular Thalia Street Beach or Anita Street Beach.

West Covina, 1127 East Garvey Avenue

Price: $6,650,000
Units Total: 28
Lot Size: 33,829
Living Area: 0
Year Built: 1958
Parking: Yes
Days on Market: 84
Description: MacroReal Commercial, Inc. Is pleased to present the rare opportunity to acquire 18,382 sq.ft West Covina Terrace Apartment, a 28-unit multi-family investment in West Covina, California. This offering presents opportunity to purchase a well-maintained property with so many upgrades inside the property. Situated in the most convenient location of West Covina, this property is across from the most prosperous Plaza West Covina, very easy to access Freeway I-10. This medium-sized multi-family Asset located in a market with solid demographics and unique accessibility to major employment hubs, providing access to a growing number of retail and restaurant amenities. The spacious unit mix consists of 4 studio units, 20 one-bedroom / one-bath units and 4 two-bedroom / one-bath units.