Residential Income, California | Page 3 -001-11-30T00:00:00-08:00
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Manhattan Beach, 424 20th Street

Price: $7,395,000
Units Total: 3
Lot Size: 5,148
Living Area: 6,073
Year Built: 1978
Parking: 4
Days on Market: 56
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

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: 174
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: 65
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.

Los Angeles, 5420 West HAROLD Way

Price: $7,275,000
Units Total: 11
Lot Size: 9,503
Living Area: 1,640
Year Built: 2008
Parking: Yes
Days on Market: 86
Description: We are proud to present 5420 Harold Way, an 11-unit, 5-story condo building located on a quiet street in a rapidly transforming pocket of Hollywood, adjacent to Los Feliz and Thai Town. Built in 2008, this impressive architectural Deco style asset offers an investor the opportunity / flexibility to continue to operate the property as an apartment building, or sell-off the condo units individually. The property features a secured intercom entry into a light-filled lobby with polished concrete floors leading to the elevator for access to the units above. There are 2 levels of parking-one subterranean and one ground level, for a total of 25 spaces. There is a well-landscaped side / rear yard which can be converted into a dog run or outdoor common area space, as well as a top floor outdoor community deck with amazing south-facing city views.

Hermosa Beach, 538 8th Street

Price: $7,250,000
Units Total: 10
Lot Size: 6,483
Living Area: 9,083
Year Built: 1971
Parking: 16
Days on Market: 126
Description: 538 8th Street, Hermosa Beach is a once in lifetime 10-unit apartment building located in the sand section just five blocks from the beach with proximity to Hermosa Beach, Redondo Beach and Manhattan Beach piers. This well-kept property is located west of Valley Drive and consists of four levels, two of which are dedicated to living space, a subterranean parking garage, and an expansive rooftop deck with ocean and valley views. The building has 9,083 sq.ft on 6,483 sq.ft lot of land (0.02 Acres) zoned R3. The apartment unit mix consists of nine 2-bedroom units and one 1-bedroom unit. Each unit comes with gas range, refrigerator and dishwasher. Each unit also has a balcony deck some of which have valley and ocean views. The property has five assigned tandem parking spots and five assigned single parking spaces as well as one guest spot for a total of 16 parking spots on the property. The property also has a dedicated laundry room with two washers and two dryers, storage room and an interior bicycle storage area. Boasting an excellent walkscore of 88, tenants have access to many amenities including the greenbelt, Hermosa Beach restaurants and shops and the Redondo Beach harbor. For families, this property also provides proximity to several award Hermosa Beach schools as well as Mira Costa High School and Redondo Union High School. Six out the ten units are currently on month-to-month tenancy.

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: 209
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. —

1117 South BEDFORD Street

Price: $7,100,000
Units Total: 15
Lot Size: 12,792
Living Area: 19,212
Year Built: 1961
Parking: Yes
Days on Market: 38
Description: 1117 S. Bedford Street, built in 1961, is a 15 unit building and located in the growing Olympic / Robertson neighborhood just 2 blocks adjacent to Beverly Hills zip code 90211. The building is minutes away from world class shopping on Rodeo Drive, Beverly Center, the original Farmer’s Market and the nightlife of West Hollywood. The unit mix consists of (12) 2Bed / 2Bath and (3) 3Bed / 2Bath units with excellent curb appeal. There are 19,212 sq. Ft. Of building with large units. Several units have undergone substantial capital improvements. The soft story retrofit is paid for and will be completed by the Seller. 1117 S. Bedford is an ideal multifamily investment for an owner who wants a building in a prime location with huge upside in the rents. Perfect value-add opportunity.

9237 Wakefield Avenue

Price: $7,100,000
Units Total: 12
Lot Size: 31,509
Living Area: 22,200
Year Built: 2018
Parking: 8
Days on Market: 64
Description: BRAND NEW 2018 CONSTRUCTION. Property is comprised of 12 detached SFR homes, each approximately 1,850 sq.ft with 4 bedrooms and 3.5 bathrooms, a study room (in some models) and two-car direct-access garages. Many luxury finishes, including: laminate wood flooring, quartz counters in kitchen and bathrooms, shaker cabinets with soft-close drawers, Grohe plumbing fixtures, glass mosaic tile backsplashes, , stainless steel appliance package, high ceiling, 2 master suit, walk in closet, walk in pantry (in some models) , outdoor patio and much more. The property is conveniently situated near many retail, dining, and entertainment options. Nearby Sepulveda Recreation Center, Hansen Dam Recreation Center, and Sepulveda Basin Recreation Area offer hundreds of acres of open space, including large grassy areas, playgrounds, sports and swimming facilities, and paths for walking and biking. Central location near the 5,405,210,118, and 170 Freeways as well as Metrolink stations means convenient access throughout The Valley and Greater Los Angeles.

Los Angeles, 2975 LEEWARD Avenue

Price: $7,050,000
Units Total: 48
Lot Size: 9,291
Living Area: 28,112
Year Built: 1927
Parking: 0
Days on Market: 36
Description: PRICE REDUCED BY $300,000 – Submit All Offers. The Leeward Apartments is, per the certificate of occupancy, a 48 unit apartment building that is currently operating as 46 units and situated in the Koreatown area of Los Angeles. The property contains a grand lobby as well as central hallways running down each of the four stories of the reinforced brick structure. An elevator as well as two staircases service the property. The certificate of occupancy from 1927 states that the property is a 48 unit apartment house although the property is currently operated as 46 units. 4 of the units, consisting of two efficiencies and the adjacent two studios, were combined to create two apartments that are both one-bedrooms (one is occupied by the on-site manager) and the property is currently operating as a 46 unit apartment building with 2 units being one-bedrooms with one-bathroom, 7 units efficiencies with a bathroom but no kitchen, and 37 studios with one-bathroom and a kitchen.

1837 North La Brea Avenue

Price: $7,000,000
Units Total: 15
Lot Size: 12,558
Living Area: 13,965
Year Built: 1958
Parking: Yes
Days on Market: 12
Description: Close to many entertainment hubs in Hollywood including the Chinese Theatre, Kodak Theatre, Universal Studios and many more.

1909 North COMMONWEALTH Avenue

Price: $6,989,988
Units Total: 8
Lot Size: 6,771
Living Area: 9,416
Year Built: 1929
Parking: 0
Days on Market: 36
Description: INCREDIBLE TROPHY BUILDING CIRCA 1929 IN HISTORIC LOS FELIZ. Enter through the secured private gates to a communal front patio with Spanish tile that is lushly landscaped with bougainvillea, jasmine and multiple other fragrant blooms. The door of the building, also secure, leads to all 8 town home style apartments. Completely renovated, all units have large living rooms with original light fixtures. The kitchen contains all appliances, range, refrigerator, dishwasher, microwave and garbage disposal. Staircases with original wrought iron leads to two bedrooms and one bath upstairs both with views of the Los Feliz hillsides and Observatory. Multiple closets and storage cabinets make for a modern experience while the building exudes a European oasis. At the end of the hall is the second patio with communal BBQ, hammock and water feature. A beautiful experience in an incredible neighborhood walking distance to all that Los Feliz Village has to offer. Perfect exchange property or owner / occupant

Arcadia, 922 West Duarte Road

Price: $6,800,000
Units Total: 14
Lot Size: 33,718
Living Area: 18,944
Year Built: 1964
Parking: 30
Days on Market: 112
Description: LAND REDEVELOPMENT OPPORTUNITY. Fountain Manor is situated on an oversized R3 lot on which 22, three-bedroom townhomes / Condos can be built. The subject property is a 14-unit multifamily investment property located at 922 West Duarte Road, Whittier, CA. Located less than one mile to Westfield Santa Anita, El Rancho Santa Anita Shopping Center, and Interstate 210, residents have easy access to major retailers, grocers, and transport routes to employment centers throughout Southern California. Fountain Manor is also less than half a mile from Temple City High School and a mile and a half from Arcadia High School. Built in 1964, Fountain Manor is situated on an oversized lot on which 22, three-bedroom townhomes can be built, allowing investors to substantially increase rental income. Situated on a 0.77-acre lot, the 18,944 square foot property consists of two-bedroom floor plan, four of which are townhomes. Fountain Manor offers amenities including a gated swimming pool, balconies / patios (select units only), on-site laundry, and carport and open parking.

Loma Linda, 25356 Cole Street

Price: $6,800,000
Units Total: 24
Lot Size: 43,995
Living Area: 20,430
Year Built: 1968
Parking: 72
Days on Market: 24
Description: The property is conveniently located walking distance from the Loma Linda University, the Loma Linda University Medical Center, the Veteran Healthcare System and many major regional employers. This 24 unit apartment community is compose of all large two bedroom / one bathroom units, of approximately 879 Sq. Ft. The current ownership’s emphasis has been on quality updates which include recent capital improvements that exceed $500,000. A small protype of 4 units have been extensively updated with extra large kitchen islands, stainless steel appliances and granite countertops. These units are garnering a premium in rental income exceeding $1,550 a month. All 24 units have new stainless steel appliances and upgraded cabinetry. A majority of the units have granite counter tops, and wood style Brava plank flooring recently upgraded. Another income producing implementation by the current ownership includes a tenant utility reimbursement program being implemented property wide. The exceptional care that has been taken in this property, reflects the pride of ownership of its current owner. Scheduled maintenance, quality updates and improvements have always been a priority for the owner and make this property, a true turnkey asset for prospective buyers, who are looking for peace of mind, knowing they invested in a quality property, that will require minimal maintenance, for decades to come. As a result, the property demonstrates a minimal turn over and vacancy.

Van Nuys, 6842 Woodman Avenue

Price: $6,705,000
Units Total: 15
Lot Size: 11,880
Living Area: 15,720
Year Built: 2017
Parking: 24
Days on Market: 69
Description: 15 units of Non-Rent controlled Apartment Building Built 2017 6844 Woodman is within a short drive to schools, shopping, dining, banks and so much more! Choose from our one, two, and three bedroom spacious floor plans, offering all new features such as modern design cabinets with quartz countertops in the kitchen and bathroom, stainless steel appliances, laminate wood flooring, recessed lighting throughout, bar-style sitting in kitchen, and much more! Residents can enjoy all new amenities including intrusion alarms, assigned and covered parking, beautiful landscaping, elevator, gated access, as well as on-call maintenance. Plus, our location offers easy access to shopping, freeways, and public transportation.

Victorville, 14243 Rodeo Drive

Price: $6,590,000
Units Total: 60
Lot Size: 111,325
Living Area: 48,726
Year Built: 1986
Parking: 60
Days on Market: 145
Description: Northport Apartments is a 60-units community, situated on 2-1/2 acres, consisting of seven residential 2-story buildings, a pool, and laundry facilities. The location of the complex is just minutes from shopping, public transportation, and access to interstate 15. Northport offers exclusively two bedroom, two bath floor plans with either an upstairs balcony unit, or a downstairs garden patio.

Whittier, 14149 Mulberry Drive

Price: $6,588,000
Units Total: 26
Lot Size: 42,253
Living Area: 19,448
Year Built: 1956
Parking: 25
Days on Market: 31
Description: Mulberry Drive Apartments, a 25 + 1* unit multifamily investment property located at 14149 Mulberry Drive, Whittier, CA. Situated on a 0.97-acre lot, Mulberry Drive Apartments consists of studio, one-, and two-bedroom floor plans and offers amenities including gated access, carport parking, a spacious courtyard with a gated swimming pool, security doors, and on-site laundry. Residents of Mulberry Drive Apartments enjoy walkable access to retailers including 7-Eleven, Stater Bros, and CVS Pharmacy and to schools including Mulberry Elementary School and California High School. (*One, non-conforming studio unit)

Los Angeles, 1645 North VISTA Street

Price: $6,500,000
Units Total: 20
Lot Size: 17,477
Living Area: 14,792
Year Built: 1948
Parking: Yes
Days on Market: 7
Description: LOCATION, LOCATION, LOCATION! Irreplaceable 20-unit pride-of-ownership property located on a corner lot just blocks away from Runyon Canyon. + / -17% rental upside. This 2-story building consists of (6) 2 + 1 and (14) 1 + 1 units and comes w / a gated entry to 18 covered parking spaces and a swimming pool w / newer deck and pool equipment in the rear of the property. Many units have been upgraded w / new kitchens (granite counters, custom cabinetry, SS appliances), bathrooms and hardwood floors. Each unit has its own water heater as well as front and rear entrances. Property has five mailing address: 1645 and 1653 N. Vista St. And 7450,7456 and 7460 Hollywood Blvd. Unit 14 (1 + 1) – Rent: $1,775.00, Unit 15 (2 + 1) – Rent: $2,015.71, Unit 16 (1 + 1) – Rent: $1750.00, Unit 17 (1 + 1) – Rent: $1,802.50, Unit 18 (1 + 1) – Rent: $1148.82, Unit 19 (1 + 1) – Rent: $1,750.00, Unit 20 (1 + 1) – Rent: $865.17. One unit just vacated (proj. Rent: $1,900 / mo. Used for Gross Income). Please see private remarks.

Santa Monica, 914 7TH Street

Price: $6,500,000
Units Total: 12
Lot Size: 7,518
Living Area: 9,276
Year Built: 1959
Parking: Yes
Days on Market: 29
Description: We are excited to present 914 7th Street! A charming property just 10 minutes from the beach! This 12 unit building rests in one of the most stunning areas of the Southern California Coastline and boasts some of the highest walk, bike, and transit scores in the city, along with major access points within walking distance, including the 3rd Street Promenade, Santa Monica Pier, and the stores of Wilshire Boulevard and Montana Ave. A prime investment opportunity, this building also has an incredibly attractive pro forma cap rate, showing major upside in rents and will be delivered with 8 units vacant, allowing any prospective owner to capitalize massively on the rising rental market. Additionally, owner users can fully renovate and live in their dream home in a highly desirable area, while their tenants help pay the mortgage! Do not miss this potential goldmine!

Bell Gardens, 7947 GARFIELD Avenue

Price: $6,488,000
Units Total: 16
Lot Size: 29,303
Living Area: 16,530
Year Built: 1989
Parking: Yes
Days on Market: 467
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.

Long Beach, 58 Argonne Avenue

Price: $6,350,000
Units Total: 24
Lot Size: 9,012
Living Area: 10,128
Year Built: 1946
Parking: No
Days on Market: 57
Description: The Argonne Avenue Apartments is a rare 24-unit apartment building located just steps from the beach in the highly desirable Belmont Shore district of Long Beach, CA. The property is conveniently located near the popular retail, entertainment, and dining district on Belmont Shore’s East Second Street. It offers more than 250 unique, upscale boutiques and specialty shops and a myriad of coffee shops, cafes, casual dining taverns, and international specialty restaurants. The offering is comprised of three contiguous eight-unit buildings, each situated on a separate parcel. Each building contains (5) one bedroom / one bathroom units and (3) studio units. The seller will also consider selling each building separately. Tenants enjoy an on-site laundry facility and a short walk to the beach. There is also tremendous opportunity to capitalize on strong market trends that should increase rental income by over 45 percent. Given the fantastic location and strong demographics, The Argonne Avenue Apartments is well suited to provide investors with strong returns and value appreciation over the long-term investment horizon.

Los Angeles, 3232 West AVENUE 32

Price: $6,300,000
Units Total: 16
Lot Size: 12,847
Living Area: 16,128
Year Built: 1990
Parking: Yes
Days on Market: 122
Description: We are pleased to present 3232 W. Avenue 32 a 16 Unit NON-RENT CONTROLLED apartment community located in Glassell Park, CA (90065). The offering, built in 1990, features 16 large apartment homes with an exceptional unit composition featuring Ten (10) Large 2 Bedroom-2 Bathroom, Four (4) 2 Bedroom-1.5 Bathroom, One (1) 4 Bedroom-2.5 Bathroom and One (1) 4 Bedroom- 2 bathroom apartment homes encompassing + / -16,128 sq.ft of improvements. Each unit includes central air conditioning and heating. The common areas feature 2 laundry rooms (building owned equipment), lobby and central courtyard. Each unit includes one or more balconies and select upper units feature treetop views of the surrounding city. Seven (7) of Sixteen (16) apartment homes (43% of units) have been upgraded. Property is also for sale with 3245 Avenue 32 (12 Units) directly across the street. **Please contact agent for full offering memorandum. **

Los Angeles, 2008 South ROBERTSON

Price: $6,295,000
Units Total: 21
Lot Size: 16,117
Living Area: 16,572
Year Built: 1954
Parking: Yes
Days on Market: 17
Description: The property consists of two separate parcels and both are included in the sale. Built in 1954, the property consists of two wood-frame constructed buildings featuring stucco exteriors and pitched roofs with composition shingles. Situated on approximately 0.37 acres of land with approximately 16,572 sq.ft of rentable space, 2008-2012 South Robertson Boulevard contains a unit mix comprised of two studio units spanning approximately 500 sq.ft each, eight one-bedroom units measuring approximately 750 sq.ft each, and 10 two-bedroom units spanning approximately 950 sq.ft each, with an average unit size of approximately 825 sq.ft. The property also contains a large billboard that is leased for $2,500 per month. The property is beautifully landscaped with mature shade trees, trimmed shrubs and bushes, and colorful flower beds. To the rear of the property are garages accessed through the alley.

Sherman Oaks, 5008 HAZELTINE Avenue

Price: $6,250,000
Units Total: 18
Lot Size: 20,473
Living Area: 19,510
Year Built: 1957
Parking: Yes
Days on Market: 157
Description: The subject property is a charming 1950’s property in an excellent Sherman Oaks Location, South of Magnolia Blvd and just North of Riverside Drive. The property was built in 1957 and is NOT subject to rent control. There is an excellent unit mix Seventeen Two Bedroom / Two Bath Units and One One Bedroom / One Bath Unit. Units are very spacious as building is 19,510 gross square feet. The property offers tenants a well maintained charming residence in a great Sherman Oaks Location. Easy access to the 101 freeway and close proximity to Ventura Blvd provides tenants plenty of dining, shopping and entertainment options. Amenities at the property include a pool, covered parking, on-site laundry facility and a nicely landscaped courtyard and entrance. Property is Luxury Exempt and is not subject to Rent Control (Contact Listing Agent should you have questions).

Santa Ana, 1001 Riverine Avenue

Price: $6,250,000
Units Total: 30
Lot Size: 20,909
Living Area: 20,854
Year Built: 1983
Parking: 0
Days on Market: 51
Description: Riverine Apartments is a 30-unit multifamily investment property located at 1001 Riverine Avenue, Santa Ana, CA. Built in 1982, Riverine Apartments offers investors the opportunity to capitalize on strong market trends that should increase rental income by approximately 14 percent. Situated on a 0.48-acre lot, the 20,854 square foot property consists of spacious studio units and offers residents on-site laundry, controlled access, security doors, private balconies, and gated covered parking. Riverine Apartments is located within walking distance of Downtown Santa Ana, providing residents with convenient access to ample retail, dining, and entertainment options. The property is also situated in close proximity to Interstate 5, providing residents with easy access to major employment centers throughout North Orange County.