Residential Income, California | Page 3 -001-11-30T00:00:00-08:00
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2036 North VERMONT Avenue

Price: $4,900,000
Units Total: 10
Lot Size: 18,698
Living Area: 6,929
Year Built: 1939
Parking: 0
Days on Market: 287
Description: Traditional 1939 and 1941 Architectural Buildings! First Time on the Market many Decades – Family Owned for multiple generations! Built on 2 oversized contiguous Lots (9,349 x 2 = 18,698 sq.ft) in Prime Los Feliz. Total of Ten Units (Nine 1-Bedroom + 1 Studio + 10 Parking Spaces). Rent controlled buildings – 100% Occupancy. Current Gross Annual Income: $130,000 (Rental figures are approximate). Only steps from Los Feliz Village, Shops, Restaurants, Cafe, Theatres, Griffith Park Observatory and Greek Theatre.

Los Angeles, 523 GLENROCK Avenue

Price: $4,895,000
Units Total: 8
Lot Size: 8,132
Living Area: 7,862
Year Built: 1948
Parking: Yes
Days on Market: 28
Description: A rare offering in Westwood’s North Village, 523 Glenrock represents an incredible opportunity to own in one of LA’s most in-demand rental markets. Consistent student tenant turnover and an extremely supply-constrained market combine to yield some of the highest rent / SF numbers found in the City. 523 Glenrock features fantastic in-place income with significant rental upside potential. With a low gross rent multiplier of 19.02,523 Glenrock is not only a fantastic long-term hold, but a viable immediate cash flow option. Units are mostly original, meaning a focused renovation plan could produce materially higher income and a higher cap rate in relatively short order. The large 8,132 sq.ft lot is zoned [Q]R4-1VL, which also provides a buyer the potential to develop or sell for land value in the future.

Santa Ana, 1003 West Bishop Street

Price: $4,835,000
Units Total: 23
Lot Size: 24,394
Living Area: 15,873
Year Built: 1965
Parking: 0
Days on Market: 42
Description: Bishop Apartments is a 23-unit multifamily investment property centrally located in the city of Santa Ana, California. The property enjoys easy access to local freeways, is close to major employers, parks, and a number of small and large retail centers. Situated on a 0.56-acre lot, the 15,873 square foot property consists of one- and two-bedroom floor plans. Built in 1965, the property offers amenities including on-site laundry and ample carport parking.

Studio City, 11613 Moorpark Street

Price: $4,750,000
Units Total: 14
Lot Size: 18,729
Living Area: 10,397
Year Built: 1953
Parking: 13
Days on Market: 99
Description: Amazing assemblage of 3 parcels on Moorpark. Currently, the property has (1) 5 unit apartment building consisting of (2) 2/1 and (3) 1/1 on the parcel to the east. The two parcels to the west consist of various single story bungalow style apartments. There are (2) 2/1 and (7) 1/1’s on the remaining 2 parcels. The City has these 3 parcels as already having 7 independent site address. The property is well maintained and has been virtually 100% occupied throughout the years. It has a classic 1950’s feel with most all units having real hardwood floors and top notch appointments. Every unit is very nice inside and extremely well maintained. Each unit has it’s own tankless water heater and majority of copper plumbing This is a low density property located on prime R3 land. It is on the corner of Moorpark and Troost with alley access. There are 11 enclosed garages that are dedicated to various tenants include in their tenancy. Tons of opportunity to collect rents while getting entitlements or profit from a future upside in rents.

Los Angeles, 1029 South Union Avenue

Price: $4,649,000
Units Total: 31
Lot Size: 16,166
Living Area: 14,701
Year Built: 1963
Parking: 28
Days on Market: 75
Description: AMAZING opportunity to own a prime piece of real estate in the heart of Downtown LA! 31 unit complex consisting (9) one bedroom / 1 bathroom units and (21) single / 1 bathroom units; almost all with their own assigned parking. The building has many recent upgrades including; a newer roof, newer windows, entire exterior freshly painted, as well as some units have interior upgrades as tenants move out. Very RARE abundant amount of parking with (28) parking spaces and plenty of street parking! This building is secured with gated entry, as well as most of the parking being gated. Extremely freeway close with easy access to the 10,110, and the 101 freeways. Less than 1 mile from some of Los Angeles most popular destinations including, Staples Center, LA Live, LA convention Center, and Microsoft Theater, and about 3 miles to the USC Campus and Exposition Park! Los Angeles is known for its ethnic diversity and sprawling metropolis. The city is also one of the most substantial economic engines within the nation, with a diverse economy in a broad range of professional and cultural fields. Los angeles will be hosting the 2028 Summer Olympics! ***PLEASE DO NOT WALK ON PROPERTY OR DISTURB TENANTS. THANK YOU. ***

Culver City, 4114 Baldwin Avenue

Price: $4,600,000
Units Total: 8
Lot Size: 13,500
Living Area: 9,424
Year Built: 1971
Parking: 20
Days on Market: 5
Description: Fantastic multifamily investment opportunity near Downtown Culver City with proximity to many restaurants, film production studios, entertainment and the Metro Line. This property boasts a Walk Score of 86! This is a non-rent controlled asset with large units and immediate and significant upside in rental rates. If you’re looking for a value-add opportunity in a hot area of Culver City, this is it. Great neighborhood location that must be seen. There are two buildings on a double size lot with a total of eight 2 bedroom and 2 bathroom units. There are 10 carport spaces on-site and room for a few more uncovered in the back driveway area.

11722 DARLINGTON Avenue

Price: $4,600,000
Units Total: 6
Lot Size: 7,501
Living Area: 6,547
Year Built: 1960
Parking: 6
Days on Market: 37
Description: Mid-Century Modern – six-unit multifamily property located in prime Brentwood. Built as the home to the original Engineer / Builder and his family it has offered a great source of income and wonderful sense of community to this day. Lovingly cared for by the original family and now on the market for the first time. A desirable mix of (4) huge 2bed / 2ba units and (2) large 1bed / 1ba units that offers an owner-user or investor a once in a lifetime opportunity to acquire a well located asset in the heart of Los Angeles. Amenities include: spacious floor plans, covered parking, on-site laundry, private patios, lush planting and a shared courtyard featuring a sparkling pool. The property is steps away from essential services, groceries and the world renowned shops and dining options on San Vicente, as well as nearby UCLA and the vibrant community of Westwood Village. The S. M. Mountains, S. M. Bay, Brentwood Country Club, and nearby running / bike paths offer unlimited recreational opportunities.

410 North HAYWORTH Avenue

Price: $4,595,000
Units Total: 11
Lot Size: 7,530
Living Area: 8,350
Year Built: 1957
Parking: Yes
Days on Market: 46
Description: Delivered with 3 vacant units. One Balcony in the front unit

Downey, 10528 ARRINGTON Avenue

Price: $4,588,000
Units Total: 16
Lot Size: 15,035
Living Area: 12,212
Year Built: 1958
Parking: Yes
Days on Market: 136
Description: This property is located in the north part of Downey, it has a very good potential for good income. Property has a laundry room with lease in place with an outside company

1233 North ORANGE GROVE Avenue

Price: $4,500,000
Units Total: 10
Lot Size: 7,364
Living Area: 7,546
Year Built: 1956
Parking: Yes
Days on Market: 160
Description:

Los Angeles, 5300 LOMA LINDA Avenue

Price: $4,500,000
Units Total: 10
Lot Size: 10,678
Living Area: 7,532
Year Built: 1947
Parking: Yes
Days on Market: 277
Description: We are pleased to present the opportunity to acquire a double-parceled 10 unit apartment building zoned LAR3, with parking for 9 of 10 apartments. Each unit has a kitchen egress door to a common rear porch area, classic Hollywood crown molding and much more character throughout, individual water heaters and separately metered for gas and electric, a truly low cost to maintain operation. Roof 4-5 years old. Under managed for 15 years, great opportunity for an add-value minded investor that can give this property the right TLC. Gross Monthly Income $10,600.

Valley Village, 5517 Corteen Place

Price: $4,499,000
Units Total: 8
Lot Size: 12,279
Living Area: 8,320
Year Built: 1989
Parking: 0
Days on Market: 46
Description: Well maintained 8-unit apartment complex. Two separate 4-unit buildings built in 1989. Six 2-bedroom 2-bathroom units with balconies. Two 3-bedroom 2-bathroom units. Each unit separately metered for gas. Each unit equipped with it’s own hot water tank. Central Heating and Cooling. Shared coin-operated laundry. Gated lot with 18 parking spaces. Dusk-to-dawn exterior and parking lighting. Security cameras around property with remote access. Internet and Wifi. 2 storage rooms. Irrigation system. 2 bike racks fitting 8 bicycles. Property equipped with fire extinguishers and sprinkler system. LAHCID property inspection completed and passed November 2017.

Los Angeles, 11642 KIOWA Avenue

Price: $4,495,000
Units Total: 9
Lot Size: 7,501
Living Area: 8,284
Year Built: 1967
Parking: Yes
Days on Market: 5
Description: Unit mix consists of seven (7) large 1bed + 1bath and two (2) 2bed + 2bath units. The property is a two-story 8,284 square foot building built in 1967 on a 7,500 square foot lot. All of the units have very large floor plans that provide an investor the opportunity to complete their own renovation plan and significantly increase rents. The two-bedroom units have been upgraded with hardwood floors in the living room and feature floor-to-ceiling stone fireplaces and large balconies. Kitchen cabinets have been upgraded along with newer black quartz counter tops surrounded by all stainless-steel appliances. The one-bedroom units feature large balconies or private patios and some feature hardwood floors. Most of the units feature a wet bar in the living rooms. Parking is provided on-site with eleven (11) spaces comprised of seven (7) single spaces and two (2) tandem spaces. All units are separately metered for electricity. Roof was replaced in 2009 and plumbing was upgraded to copper in 2010

Santa Monica, 1444 15th Street

Price: $4,470,000
Units Total: 7
Lot Size: 7,505
Living Area: 8,207
Year Built: 1962
Parking: 10
Days on Market: 151
Description: A rare and incredible investment opportunity! Ability to purchase 7 units, conforming complex located in prestigious Santa Monica 3rd Street Promenade neighborhood close to restaurants, shops, Metro Line and Santa Monica Pier. The building square foot is 8,207, and it was built in 1962, It features (2) 3 Beds / 2 Baths and (5) 2 Beds / 1.5 Baths. Two of the front units have fireplaces. One unit is completely remodeled with new cabinets, remodeled bathrooms, kitchen granite countertops and wood flooring throughout. Two units are half remodeled with new wood flooring and kitchen granite countertops. Total parking is 7, and it is a mix of carport and garages. 2 front car garages. One garage is rented separately to outside person for storage, and the other garage is rented to a tenant. There are two driveway parking spaces located in the front of the building. Behind the building is carport with a total of 5 spaces. Onsite community laundry facility for the tenant’s convenience. These units are spacious with open floor plans, and there is a wonderful unique charm each unit represents.

Santa Monica, 2423 4TH Street

Price: $4,450,000
Units Total: 8
Lot Size: 6,390
Living Area: 7,584
Year Built: 1965
Parking: Yes
Days on Market: 245
Description: One Townhome 1 + 1.5 Unit Currently Delivered Vacant. First time on the market in 40 years! This well located, 8 unit pride of ownership building, features a fantastic unit mix that will generate strong market rents for years to come: (1) two bedroom / two and a half bathroom townhome owner’s unit, (2) two bedroom / one and a half bathroom units, (1) one bedroom / 1.5 bathroom townhome unit, and (4) one bedroom / one bath units. There are eight tuck under stalls located underneath the building which is on the list for the Santa Monica’s seismic retrofit program. You could potentially fit more than 8 vehicles underneath depending on the size of the vehicles. For the south Santa Monica buyer or anyone seeking cash preservation, this location is A +.

Newport Beach, 2214 West Oceanfront

Price: $4,399,000
Units Total: 2
Lot Size: 3,125
Living Area: 3,855
Year Built: 1965
Parking: 5
Days on Market: 245
Description: Situated directly in front of Blackies beach with views of the Newport Beach pier, crashing waves, and Catalina Island, this mixed-use (MU-W2) oceanfront duplex with 5 total parking spaces poses great potential and opportunity for immediate income for one lucky buyer! Thoughtfully designed, each unit enjoys a spacious deck or patio from which to enjoy sunset views or check the surf. The bottom unit boasts a great room concept floor plan in which the living room, dining area, fully equipped kitchen, and patio with dual sliding glass doors blend seamlessly to create the perfect space for entertaining and soaking in the panoramic views. Three spacious bedrooms, 2 bathrooms, multiple ceiling fans, and crown molding make this lower level the ideal place for you or a future tenant to call home. Equally impressive, the upper unit is highlighted by peaked beamed ceilings and even better unobstructed views of the sea beyond. The upper level also features an open floor plan plus 3 bathrooms and 3 bedrooms, one with an elevated reading corner. Also accessible from the upper unit is a 1,100 + sq. Ft. Bonus attic level with beamed dormer ceiling and ocean views permitted as storage space. Additional features of this incredible residence include a 2-car garage, 3 uncovered parking spaces, and a premier location at the center of Newport’s beach, dining, and entertainment scene.

Los Angeles, 131 North Kings Road

Price: $4,350,000
Units Total: 4
Lot Size: 6,279
Living Area: 5,994
Year Built: 1938
Parking: 4
Days on Market: 242
Description: Opportunity Knocks. Own income units in a fantastic neighborhood. This property has four 2 Bedroom, 1.5 Bath Townhouse style units close to Beverly Center and the Farmer’s Market. It’s a well-maintained building that oozes with old charm. The owner likens it to a vintage vehicle that many can appreciate. It also has four 1-car detached garages for the convenience of tenants. Don’t pass up on this unique and rare opportunity.

Los Angeles, 12518 VENICE

Price: $4,300,000
Units Total: 11
Lot Size: 14,010
Living Area: 9,652
Year Built: 1948
Parking: Yes
Days on Market: 49
Description: $300,000 PRICE REDUCTION. MOTIVATED SELLER! Please contact broker for a full marketing package. Prime Mar Vista location 11-unit multi-family property consisting of 3 buildings on a large double lot of over 14,000 S. F. Zoned LAR-3 suitable to develop luxury condominiums. The Property features an excellent mix of 8-two bedroom one bath + dining area, 2-one bedroom one bath units and 1-three bedroom two bath unit suitable for an owner / user. The property is separately metered for gas and electricity minimizing the owner’s expenses. The property also features a laundry room for the convenience of the residents and additional monthly income as the machines are owned by the seller. With significant upside of approximately 44% in rents, a savvy investor will be able to increase the cash flow of the property and add value to the asset by increasing the rents as the units turnover.

North Hills, 15004 NORDHOFF Street

Price: $4,300,000
Units Total: 15
Lot Size: 23,495
Living Area: 14,790
Year Built: 1988
Parking: Yes
Days on Market: 312
Description: The subject property is a 15 unit non-rent control apartment building located at 15004 Nordhoff Street in North Hills. The property was built in 1988 and is located east of Sepulveda Boulevard and west of Van Nuys Boulevard. The unit mix consists of six two-bedroom / two-bathroom units, eight two-bedroom / two-bathroom lofts and one three-bedroom / three-bathroom unit. There are 33 parking spaces. The building has gated intercom entry, on-site laundry facility, interior courtyard, gated parking and central air and heat. Per the Seller, approximately 80 percent of the units were remodeled. The remodeled units vary as to what extent they were improved. PLEASE DO NOT DISTURB THE TENANTS. THEY ARE NOT AWARE THAT THE PROPERTY IS FOR SALE. ALL SHOWINGS THROUGH THE LISTING AGENT.

2007 South Coast Highway

Price: $4,250,000
Units Total: 5
Lot Size: 4,464
Living Area: 5,292
Year Built: 1922
Parking: 5
Days on Market: 150
Description: Laguna Beach 3-Story Residential / Commercial property featuring 2 one bedroom one bath apartments with with balconies and a fantastic view of Laguna Beach! You will love the view! A perfect setup for the buyer who wants to live on the top floor of a 3 story building with a wonderful view of Laguna Beach and have rental income from the 1st and 2nd floors below. The top floor boasts two sharp looking apartments both with 1 bedroom 1 bath, remodeled with open beam ceilings, sharp looking kitchen appliances, attractive countertops and tile floor cover. The interior is impressive and shows very well. (see the photos) In addition to having a great view of the Ocean from the 2 apartment suites, there is a stairway to walk down to Laguna beach 150 ft south of the property. See the enclosed photos to view the stairway down to the beach. This is a great opportunity to own a mixed use property with a view of Laguna Beach. This property has been updated and is nicely maintained and is on the historical registry. There is a 3 car garage behind the main building. The property is currently leased to multiple tenants.

Santa Monica, 241 MARINE Street

Price: $4,250,000
Units Total: 9
Lot Size: 6,489
Living Area: 5,232
Year Built: 1903
Parking: Yes
Days on Market: 88
Description: We are proud to present a ten-unit multifamily property located at 241 Marine Street in Santa Monica, California. Situated south of Ocean Park Boulevard and one block off Main Street, the property is well-positioned in one of the city’s most premier rental pockets. The city of Santa Monica sits on the westside of the city, on the coast of the Pacific Ocean, and has been one of the most desirable places for Angelenos to live for years. Main Street, which is just steps from the subject property, provides tenants with some of the trendiest nightlife, shopping, and general retail amenities in the entire city of Los Angeles. As a result, the apartment building has a walkscore rating of 94, meaning residents can complete daily errands without a vehicle.

Malibu, 3946 PUERCO CANYON Road

Price: $4,250,000
Units Total: 1
Lot Size: 63,838
Living Area: 2,140
Year Built: 1946
Parking: Yes
Days on Market: 102
Description: 3946 Puerco Canyon Road is a commercially zoned property that sits at the intersection of Pacific Coast Highway and Puerco Canyon Road. The highly visible property sees about 30,000 cars pass by everyday, featuring more than 650ft of frontage facing the PCH. 3946 Puerco Canyon presents a rare investment opportunity. With breath-taking ocean views and a large commercially zoned lot, The Property calls for repurposed use such as creative office and retail space-a development that takes full advantage of the site and location. The property is currently used as a private residence and a dog kennel with a total construction area of approximately 2,140 sq.ft, not including the dog kennel. The triangle-shaped lot encompasses 1.47 Acres of land.

1000 North SERRANO Avenue

Price: $4,250,000
Units Total: 24
Lot Size: 5,445
Living Area: 13,716
Year Built: 1923
Parking: 0
Days on Market: 24
Description: 24 one bedroom units in one three story building. Upside available. 14.9 GRM currently, 13.4 proforma. Income is accurate, expenses are not accurate and will be updated to actual shortly. Units are individually metered for gas and electric.

Pomona, 1459 South Rebecca Street

Price: $4,200,000
Units Total: 8
Lot Size: 6,090
Living Area: 12,854
Year Built: 2017
Parking: 8
Days on Market: 40
Description: This are 7 brand new beautiful homes close to Phillips Ranch and Chino Hills, 3 of them have 4 bedrooms and master bedrooms with walk in closets and double sinks in master bathrooms and hallway 4 of them have 3 bedrooms extra large master bedroom with a huge walk in closet and large living room, 1 historical home, driveway and landscaping is in process of been done the new homes have built ins Range, oven, dishwasher and 4 of them have wine coolers, pantries with quartz counter tops 3 full bathrooms with exquisite ceramic tile tile floors throughout the first floor 2 car garage ready for electric cars with insulated garage doors and garage door openers completely fenced with block walls Cozy fireplaces in Living rooms and fire sprinklers throughout homes Please call the listing agent which is also the owner to preview the homes, Sale subject upon BRE final approval of homes