Residential Income, California | Page 2 -001-11-30T00:00:00-08:00
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Pasadena, 296 North Oakland Avenue

Price: $10,250,000
Units Total: 25
Lot Size: 20,303
Living Area: 14,824
Year Built: 1957
Parking: 25
Days on Market: 4
Description: OAKLAND APARTMENTS – 296 N Oakland Ave, a 25-unit fully upgraded non rent controlled apartment investment opportunity located in the highly desirable City of Pasadena, CA. The property is located within the Pasadena Playhouse District, an eclectic cosmopolitan community rich in history and architecture. Because of this superb location, it has a Walk Score 87 out of 100, demonstrating high “walkability” to a variety of nearby amenities such as restaurants, shops, health clubs and entertainment venues. This FULLY UPGRADED investment opportunity offers investors a turn-key, easy to manage and safe real estate investment in the best area of Pasadena. It is a two-story garden style apartment community with a beautifully manicured center courtyard complete with new drought-tolerant landscaping. It was built in 1957 and has been completely renovated in 2017/2018. It has a total of ±14,824 sq.ft living space and is situated on a ±20,303 sq.ft R3 lot. It offers an excellent curb appeal complete with secured entrance and intercom system. The property has been extensively upgraded in the past 12 months. It has new copper plumbing, new electrical in each unit (wiring and panel), new exterior paint, new drought-tolerant landscaping, new entrance gate with mahogany wood sidings, new railings, new security cameras, new parking gate opener, newly resurfaced driveway, and so much more. Each unit separately metered for electricity and gas.

Los Angeles, 1954 HILLCREST Road

Price: $9,999,888
Units Total: 15
Lot Size: 49,467
Living Area: 15,408
Year Built: 1938
Parking: Yes
Days on Market: 9
Description: Includes 1954 and 1960 Hillcrest Road / Total 15 Units / World Class Investment Opportunity in the Hollywood Hills / 15 Unit Apartment Compound with Legendary City Views / 49,467 sq.ft of Land / Multiple Gated and Private Parcels / Value-Add Investment, Below Market Rents / Irreplaceable Compound featuring Iconic Old World Treatments / Parking for + / – 23 Vehicles / Exceptional Assumable 2.5% Financing with + / -8 Years Remaining *Offering Price / $9,999,888

Studio City, 11833 LAURELWOOD Drive

Price: $9,995,000
Units Total: 20
Lot Size: 38,886
Living Area: 19,143
Year Built: 1949
Parking: Yes
Days on Market: 71
Description: Opportunity to acquire Laurelwood Apartments, a 20-unit multi-family property designed by master architect R. M. Schindler. Designated as Los Angeles Historical-Cultural Monument No. 228, the LA Conservancy declares it as “…one of the finest Modern expressions of the ubiquitous courtyard apartment complex to be found anywhere in Southern California…” This trophy offering represents a once-in-a-lifetime opportunity to own Schindler’s last and largest multi-family design, a true exhibition of his distinct form of modern architecture known as “space architecture. ” Laurelwood Apartments visibly embodies Schindler’s aesthetic through its individually designed interior spaces, built-in furniture, use of natural light and glass partitions, separate yards and patios, and thoughtfully terraced placement of two structures divided by a central walkway. LA Conservancy explains, each apartment feels “…like a private house, with its own entrance, unique views, and private outdoor space. “

2330 South CORNING Street

Price: $9,995,000
Units Total: 34
Lot Size: 30,000
Living Area: 34,471
Year Built: 1964
Parking: Yes
Days on Market: 59
Description: This property is a 3-story building located in West Los Angeles with ample parking. There are 41 total parking spaces. 20 Tuck under parking spots, 19 Carports, and 2 open parking spaces. 2330S Corning St is a very charming apartment building situated in West Los Angeles. This property, built in 1964, with wood frame and stucco construction, is separately metered for gas and electricity and is comprised of 34.471 sq.ft of improvements sitting on a 29,999 sq.ft lot. This property is located near the corner of Corning St and Cadillac Ave.  This asset offers an investor the rare opportunity to purchase a well-maintained, well-located asset with exceptional value to add and upside potential. For an investor focused on appreciation, this is an ideal investment. The average square feet of each unit is approximately 1,014 sq.ft. The current average rent is only $1,266 dollars, and market rents at $2,412 on an average basis based on the rent roll we have.

Los Angeles, 4108 MARATHON Street

Price: $9,950,000
Units Total: 30
Lot Size: 10,535
Living Area: 24,520
Year Built: 1928
Parking: Yes
Days on Market: 166
Description: We are pleased to present 4056 and 4108 Marathon Street, a 30 unit apartment community plus a separate parcel providing parking, in one of L. A. ‘s most dynamic rental markets, Silver Lake / Virgil Village, CA (90029). 4108 Marathon Street, built in 1928, offers an exceptional unit composition featuring Twenty-Six (26) Large One Bedroom-One Bathroom and Four (4) Two Bedroom-One Bathroom apartment homes encompassing + / -24,520 sq.ft of improvements. The purchase also includes 4056 Marathon Street is a separate parcel included in the offering and provides 15 vehicle parking spaces. The parcel is zoned RD 1.5 in 4,250 sq.ft of land. Parking lot improvements include new asphalt resurfacing, restriping and new gate / fencing. 4108 Marathon Street has undergone a gut-level renovation of Fifteen (15) of the Thirty (30) apartment homes (50% of units). **Please email listings agents for Full Offering Memorandum**

Brentwood, 11735 Dorothy Street

Price: $9,726,000
Units Total: 6
Lot Size: 5,299
Living Area: 7,669
Year Built: 1988
Parking: 14
Days on Market: 153
Description: Excellent investment opportunity, Coldwell banker NRT is pleased to represent this exquisite 6 unit condominium building in the most prestigious Brentwood village, of which each unit can be sold individually. Every unit is architecturally designed with high ceilings, spacious open floor plan and marble / laminated wood flooring throughout. The common area features marble flooring, there is (4) 2 bedrooms, 2 1/2 baths, (2) 2 bedrooms plus loft / third bedroom, 3 baths with access to the private rooftop siting area with view of ocean and city lights. All the units include full appliance washer, dryer, fireplace and good size balconies, building includes elevator, secure gated garage with 14 parking spaces. A block from all the amazing restaurants, stores and coffee shops in beautiful Brentwood.

9949 Sepulveda Blvd.

Price: $9,650,000
Units Total: 42
Lot Size: 37,462
Living Area: 32,161
Year Built: 1979
Parking: 0
Days on Market: 64
Description: The Montecito North and South is a 42 unit Non Rent Controlled Apartment Community in Mission Hills (Los Angeles) California. Consisting of two separate buildings and lots, 9949 Sepulveda is a 23 unit apartment building and 9969 Sepulveda is a 19 unit apartment building. Both properties have had the earthquake retrofit work completed. Featuring Studios, One Bedroom (3 are Townhouses), Two Bedroom One and Two Baths the unit mix is well balanced. Each building has a laundry room and there are a total of 81 parking spaces, both tuck under and open, for the tenants. Tremendous rental upside exists as The Montecito North and South can have unit interiors upgraded and rents increased.

Norwalk, 12235 Alondra Boulevard

Price: $9,450,000
Units Total: 37
Lot Size: 15,590
Living Area: 23,497
Year Built: 1964
Parking: 52
Days on Market: 95
Description: Offered is a 37 unit apartment complex in the City of Norwalk. The property sits on 2 parcels totaling over an acre of land and offers tenants a gated pool, patio, BBQ area, gated parking, security entrance and an on site laundry facility. Many of the unit interiors have been upgraded with new dual pane windows, flooring, granite counter tops, appliances, vanities and resurfaced kitchen cabinets. The units have new individual air conditioning units and are separately metered for gas and electricity. The property has 11 tuck under and 41 open parking spaces. Norwalk is a densely populated city with a population of over 100,000 people. The city is located approximately 17 miles south east of downtown Los Angeles and enjoys easy access to the 605,5, 105 and 91 freeways along with numerous public transportation options.

Los Angeles, 1416 ECHO PARK Avenue

Price: $9,200,000
Units Total: 32
Lot Size: 16,418
Living Area: 17,740
Year Built: 1908
Parking: Yes
Days on Market: 3
Description: We are pleased to present Echo Park (90026), one of LA’s most dynamic neighborhoods. The building was built in 1923 and has a unit mix of One (1) Three Bedroom – One Bathroom, One (1) Two Bedroom – One Bathroom and Twenty-Three (23) One Bedroom – One Bathroom and Seven (7) Single – One Bathroom apartment homes situated on a 16,418 sq.ft corner lot. The property has significant upside potential in rents, excellent street frontage on Echo Park Avenue, gated entries, common area laundry and city views from many upper units. The property features hardwood floors, remodeled kitchen and baths and updated electrical panels, and 13 garages. Please contact listing agent for Full Marketing Package.

526 South ST ANDREWS Place

Price: $8,999,000
Units Total: 24
Lot Size: 16,962
Living Area: 19,020
Year Built: 1956
Parking: Yes
Days on Market: 66
Description: 24-Unit apartment building located in the highly desirable Koreatown of Los Angeles. Great income property. This beautiful 24 APT has two-story structure with low rents with huge upside potential. Prime location. Located in one of Los Angeles’ most walkable neighborhoods, residents have immediate access to many of the best restaurants, bars and shops in Koreatown. An savvy investor should view this opportunity as a rare chance to own in an A + location with upside in rents and future development possibilities. Buyer to do all appropriate due diligence and investigations.

Venice, 748 Brooks Avenue

Price: $8,875,000
Units Total: 4
Lot Size: 10,580
Living Area: 8,800
Year Built: 2018
Parking: 8
Days on Market: 58
Description: One-of-a-kind opportunity to won four New Construction Single-Family Homes in Venice! Brooks Venice offers the pinnacle of indoor-outdoor living and contemporary sophistication in a swoon-worthy location. Live at the beach and fulfill all your sun-filled fantasies in these four spectacular soon-to-be LEED-certified properties. Host friends for sunset cocktails overlooking Venice, cook inspired meals in your sleek kitchen, or take a luxurious nap in your top-floor master sanctuary as the Southern California sun streams in. Custom finishes abound throughout while bleeding edge smart home technology keep your coastal homes safe, efficient, and places in which you’ll love entertaining.

Burbank, 303 East Alameda Avenue

Price: $8,400,000
Units Total: 20
Lot Size: 13,827
Living Area: 17,572
Year Built: 1963
Parking: 21
Days on Market: 43
Description: We are pleased to present to you 303EAST, an iconic multi-family asset in non-rent controlled Burbank Ca. 303EAST is a modernized 20 unit building encompassing spacious floor plans with upgraded units. The offering is being delivered at 16.4 GRM on current in-place rents. Great unit mix of (6) 1 + 1, (13) 2 + 1.75, and (1) 2 + 1.75 penthouse unit overlooking the Verdugo Mountains. Unit upgrades include stainless steel appliances, granite counter tops, newer cabinetry, wood plank flooring. Strong street visibility, extensive capital improvements, and architectural features contribute to an almost non-existent vacancy factor. Some of the extensive property upgrades also include central AC, solar panels on the roof, polyurethane coated roof, new concrete walkways, lighting and signage. There is a large laundry room and parking on site. *Please contact listing agent for full offering memorandum. *

Newhall, 24842 NEWHALL Avenue

Price: $8,400,000
Units Total: 36
Lot Size: 47,558
Living Area: 24,448
Year Built: 1969
Parking: Yes
Days on Market: 88
Description: Park Newhall Offers residents excellent living conditions in the heart of the Santa Clarita Valley. Residents appreciate the convenience of the nearby entertainment, dining, recreation, and nightlife options that the Valley has to offer. The asset consists of five two-story buildings situated on five parcels of land totaling over one acre. Open parking spaces are situated throughout the community providing more than one space per apartment. Many units have been recently updated with new plank flooring, re-glazed countertops in the bathroom and kitchen, microwave hood, new carpet, fresh paint, and modern lighting and plumbing fixtures. The property has been well maintained, yet still features considerable potential for further capital improvements in order to tap additional revenue streams.

8747 Sepulveda Boulevard

Price: $8,300,000
Units Total: 38
Lot Size: 17,655
Living Area: 24,256
Year Built: 2010
Parking: 1
Days on Market: 15
Description: The Vista North Hills is a luxury 55 + senior apartment. Built in 2010 The units boast stainless steel appliances, granite counter tops, designer cabinetry, 9 foot ceilings with recessed lights and crown moldings. Most units has their own stackable washer / dryer, balcony, on demand water heater, individual air conditioning units and meters for electric, gas and sub meter for water usage. The property consists of 38 units with approx. 3000 sq.ft recreational roof top with 360 degree views. Built to ADA standards and accessibility. The parking is ground level with controlled access.

Laguna Beach, 356 Cliff Drive

Price: $8,250,000
Units Total: 4
Lot Size: 9,034
Living Area: 3,411
Year Built: 1963
Parking: 8
Days on Market: 36
Description: Rarely does a property like this come on the market. Situated in a highly sought after location offering panoramic ocean views along prestigious Cliff Drive, the lot offers endless possibilities. Currently configured as a fourplex (two units with 2Bd / 1Ba, one unit with 2Bd / 2Ba and one unit as a studio with full bath) on a flat buildable lot, this property is ideal for a luxury development project. Presently, only the back two units (studio and 2Bd / 1Ba) are tenant occupied with the front two units being used by the owners. Parking consists of two single car garages and six additional uncovered parking spaces. Attached private laundry facilities. Walking distance to Las Brisas and Heisler Park and in close proximity to Main Beach and some of the best local shops, restaurants and art galleries in the area, this is a one of a kind opportunity for your developer or investor clients.

Manhattan Beach, 424 20th Street

Price: $7,995,000
Units Total: 3
Lot Size: 5,148
Living Area: 6,073
Year Built: 1978
Parking: 4
Days on Market: 31
Description: Great investor opportunity to own a truly one-of-a-kind property in the Sand Section of Manhattan Beach. Sitting up high on a near double lot (rare 60 ft of prime walk street frontage), this property consists of a 3,600 sq.ft 4 bedroom main house with (two) 2 bedroom and 2 bath income or guest homes. The property has been fully remodeled down to the studs with new HI-END EVERYTHING! No expense was spared on the development of this legal triplex. Each of the apartment style units is approximately 1,200 sq.ft with a total combined sq ft of over 6,000 sq.ft. There are nice ocean views from the top floors and a fabulous indoor outdoor upper level that surely will be the highlight of the parties! The main home features include 4 bedrooms all with their own baths and two half baths. There is an amazing top level living space with indoor outdoor vibe, full wet bar, and great ocean views. All of the units have Central Air Conditioning, security and sound systems, top of the line Thermadore stainless appliances, flat screen TV’s throughout, washer and dryers, 7″ wide plank oak floors, and more. The property boasts an incredible 12 legal parking spaces and has great views of the ocean, mountains, valley, Catalina, and Malibu. The location is near everything we love about Manhattan Beach. Just blocks to the shops and restaurants of downtown MB, parks, award winning Grandview elementary school, and the beach. There is nothing else like this at the beach. Must be seen to be appreciated

Beverly Hills, 9969 Durant Drive

Price: $7,800,000
Units Total: 5
Lot Size: 8,800
Living Area: 0
Parking: 0
Days on Market: 124
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, 3327 LIVONIA Avenue

Price: $7,800,000
Units Total: 18
Lot Size: 16,881
Living Area: 21,743
Year Built: 1980
Parking: Yes
Days on Market: 10
Description:

South Pasadena, 715 Prospect Avenue

Price: $7,775,000
Units Total: 19
Lot Size: 24,194
Living Area: 20,426
Year Built: 1963
Parking: Yes
Days on Market: 37
Description: Property consist of 19 Units (one studio unit, 8 one bedroom / 1 bath, 6 two bedroom / 2 bath, 4 three bedroom / 2 bath). 95% of units have been fully renovated. Updated units have laminate and tile flooring, new kitchen include new cabinets, granite countertops and new appliances, Bathrooms with new vanities, toilets, bathtubs and hardware. Located adjacent to San Marino and Pasadena. Convenient to Huntington Hospital, California Institute of Technology, Old Town Pasadena and easy access to 110 Freeway. Units have separate water heaters.

8225 FOUNTAIN Avenue

Price: $7,699,999
Units Total: 8
Lot Size: 7,995
Living Area: 9,330
Year Built: 1926
Parking: 6
Days on Market: 240
Description: Listed at a 3.74% cap rate. IMMEDIATE INCREASE TO A 6% CAP as unit #4 will be delivered vacant at COE. IMMEDIATE UPSIDE FOR INVESTORS. AMAZING OPPORTUNITY TO OWN A PIECE OF HISTORY! MILLS ACT APPROVED! *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, *Former home of Charlie Chaplin, Humphrey Bogart and other historical celebrities*

Santa Monica, 1901 6th Street

Price: $7,600,000
Units Total: 16
Lot Size: 10,195
Living Area: 14,399
Year Built: 1969
Parking: 21
Days on Market: 3
Description: Ocean Park Apartments – 1901 6th St, Santa Monica. It is strategically located across the street from Santa Monica High School and just a block away from Santa Monica Civic Center (City Hall, Court, and police station). It is also steps away from Santa Monica beach and some of the best amenities in Santa Monica (Santa Monica Third Street Promenade, Santa Monica Pier). This asset offers the investor a rare opportunity to own a value-add apartment asset in a class A location and neighborhood in Santa Monica. The property is a 16-unit apartment in the Ocean Park area of Santa Monica. The Ocean Park neighborhood is very unique in that it has one of the highest proportions of one, two, or no (studio) bedroom real estate of any neighborhood in America; it has a higher proportion of its residents employed as executives, managers, and professionals than 98.4% of the neighborhoods in American. This unique neighborhood’s characteristics translate to a younger tenant mix and higher mobility which is a desirable characteristic in any rent-controlled area. It has a strong demographic of $122,576 average household income within a 1-mile radius and has superb access to FWY 10, CA-1N (Pacific Coast Highway) and FWY 405. The property is a 3-story apartment that was built in 1969. It has a total of ±14,399 sq.ft building size and is situated on a ±10,195 sq.ft OP4 zoned lot. The units are situated on the 2nd and 3rd floor with secured parking garage on the ground level.

Venice, 40 WESTMINSTER Avenue

Price: $7,495,000
Units Total: 18
Lot Size: 3,149
Living Area: 7,691
Year Built: 1912
Parking: 0
Days on Market: 90
Description: $416,388 PER UNIT HALF A BLOCK TO VENICE BEACH! 40 Westminster sits just 400 ft from the sand on one of the best blocks Venice has to offer. The building has been meticulously gut renovated with no expense spared and all necessary permits pulled. 12 of the 18 units are showpieces with reimagined and improved floorplans while the remaining 6 original units offer significant upside potential. Additionally, 6 units will be delivered vacant at close. Situated steps from the Venice boardwalk, across the street from the Westminster Dog Park and a 5 minute walk to Abbot Kinney, 40 Westminster puts residents in the center of everything Venice has to offer. The building features units designed with the affluent millennial renter in mind. Renovated apartments typically have an in-unit washer / dryer as well as fully appointed kitchens and baths. This level of detail has resulted in a market rent per square foot exceeding $5.00, further supporting Silicon Beach’s status as LA’s top rental market.

Los Angeles, 2716 ELLENDALE Place

Price: $7,395,000
Units Total: 10
Lot Size: 16,340
Living Area: 11,650
Year Built: 2015
Parking: 0
Days on Market: 148
Description: WALKING DISTANCE TO THE UNIVERSITY OF SOUTHERN CALIFORNIA (USC); 100% LEASED THROUGH 2018-2019 ACADEMIC YEAR CBRE, Inc., as exclusive agent is pleased to present the opportunity to acquire the leasehold interest in a 10-unit townhouse apartment community located within walking distance of the University of Southern California (USC). The Property consists of two structures: A fully renovated 4-unit vintage Craftsman House and a newly constructed 6-unit building completed in 2015. Located at 2716 and 2718 Ellendale Place the Property features two buildings with 10 separate townhouse units, 32 one-bedroom suites, and 30 bathrooms. The Property offers best-in-class finishes throughout, including hardwood floors, high ceilings, modern cabinetry, quartzstone countertops, tile showers, stainless steel appliances and in-unit washers and dryers. Also for sale by the same owner: 1236 and 1238 W. 30th St. Los Angeles, CA

Los Angeles, 3960 INGRAHAM Street

Price: $7,390,000
Units Total: 10
Lot Size: 7,526
Living Area: 16,320
Year Built: 2007
Parking: Yes
Days on Market: 40
Description: Excellent Location! Bulk sale for entire 10-condo building located a block south of Wilshire Blvd. And Wilton Pl. This Gated Luxury Building located in the heart of Korea Town. It has Ten Exquisitely Decorated units w / Private Secured Elevator takes you straight into individual unit. All units are filled w / top of the line upgrades including granite counter tops, rich wood cabinets, hardwood flooring and recessed lighting. Open Floor Plan w / Bright and Airy Living Room has custom crown molding throughout, pre-wired cable for TV, side by side washer and dryer and Gourmet Kitchen equipped w / Stainless Steel Appliances. Two Penthouse units feature an addition loft. Highly Secured building! Individual unit is accessible through a Secured Key Card or preset codes and Video Intercom for your guest. Great Investment Opportunity! Fully occupy. So convenience! Community is in the heart of Koreatown w / many Famous Restaurants, Supermarket, Banks, Pharmacy, Shops, School and Metro subway within Walking Distance.