Residential Income, California | Page 3 -001-11-30T00:00:00-08:00
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Arcadia, 922 West Duarte Road

Price: $6,999,888
Units Total: 14
Lot Size: 33,718
Living Area: 18,944
Year Built: 1964
Parking: 30
Days on Market: 32
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.

1326 LONDONDERRY VIEW Drive

Price: $6,950,000
Units Total: 10
Lot Size: 9,122
Living Area: 10,502
Year Built: 1938
Parking: Yes
Days on Market: 376
Description: 1326 Londonderry View Drive, Los Angeles, CA 90069. Built in 1938, the offering is comprised of TEN (10) apartment homes (includes 1 non-conforming) 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 Home at 1328 Londonderry View Drive currently rented for $6,950 / mo (2,074 sq.ft Improvements, 12,033 sq.ft Land, Zone LAR1)

Burbank, 530 East Santa Anita Avenue

Price: $6,950,000
Units Total: 16
Lot Size: 13,115
Living Area: 15,592
Year Built: 1987
Parking: 0
Days on Market: 4
Description: Pleased to introduce for sale, 16 well located units in prime Burbank. The offering presents all 2 bedroom units, central AC, gated parking / intercom access and balconies. There is considerable opportunity to capture additional market rents via interior unit upgrades. Located north of Glenaoks Blvd, the offering sits under the shadows of the Verdugo mountains and yet offers tenants the ability to walk to many services, shops, cafes and restaurants. Burbank is home to very highly regarded police and fire departments and home to many major entertainment studios. Contact listing agent for complete offering details.

Los Angeles, 3153 Barbara Court

Price: $6,695,000
Units Total: 18
Lot Size: 33,203
Living Area: 18,689
Year Built: 1950
Parking: 18
Days on Market: 48
Description: This is a well-appointed 18-unit apartment complex at 3153 Barbara Court in Los Angeles / Hollywood Hills, California. The property is comprised of One 2-bed and 2 ¹ / ² bath unit, Five 2-bed / 2-bath units, and Twelve 1-bed / 1-bath units. Many of the units, including the larger 2-bedroom unit offer with great hillside views, private washer and dryer, two private entrances, a private garage and hardwood floors. All 2-bedroom units are two stories. Together these apartments come to about 18,689 sq.ft of rentable space on 33,203 sq.ft of land. The property also includes ample amenities for residents, including a beautifully landscaped courtyard, a sparkling pool with a great view, a gated and secured parking area with 18 private garages, a large maintenance storage facility and onsite laundry facilities for those without private machines. The rent-controlled complex, which was built in 1950, has been well maintained throughout the years. Located on a nice, quiet street in the Hollywood Hills, the property sits mere minutes away from the world famous Universal Studios Hollywood film studio and theme park and within easy access of the 101 Hollywood Freeway. The property’s prime location, coupled with clear upside potential, make it a fantastic investment opportunity.

447 South RAMPART Boulevard

Price: $6,650,000
Units Total: 48
Lot Size: 8,412
Living Area: 23,072
Year Built: 1924
Parking: Yes
Days on Market: 110
Description: This property is being offered together / simultaneously with the contiguous street level parking lot and 18-unit building located at 450 S Benton Way, also listed by Listing Agent. 447 S Rampart Boulevard is a 5-story, 48-unit New York style, 1920s brick apartment building located in the heart the Westlake neighborhood, one of the hottest submarkets in Los Angeles. This extremely well-maintained / manages asset is made up of 37 singles (0 + 1), 4 singles + office (0 + 1 + Office), 6 one-bedroom, one-bathroom (1 + 1) units, and a unique 2-story single + large downstairs space apartment. The building features on-site laundry, a security camera monitoring system, and is master metered for gas (separately studded) and electric. There is also an adjacent on-site parking lot with 15 surface parking spaces.

1031 North CURSON Avenue

Price: $6,650,000
Units Total: 20
Lot Size: 13,050
Living Area: 15,970
Year Built: 1963
Parking: Yes
Days on Market: 97
Description: PRICE REDUCTION – SERIOUS SELLER **Opportunity to purchase a well maintained mid century building in prime West Hollywood on a large lot with fantastic frontage, ample parking that does NOT require any retrofit work, and multiple amenities such as intercom entry and pool. 12 of the 20 units have been upgraded with new kitchens, flooring, and baths. The pool was recently re plastered, plumbing lines are copper (vertical and horizontal), electrical system has been updated with new sub panels and breakers and newer intercom system with cameras throughout the property. New sewer lines have been installed from the building to the street. Fresh paint and landscape top off this prize asset that has tons of rental upside!

Reseda, 7650 RESEDA

Price: $6,600,000
Units Total: 36
Lot Size: 30,312
Living Area: 23,713
Year Built: 1965
Parking: 0
Days on Market: 53
Description: We are pleased to offer for sale The Reseda Keswick Apartments, a 36 unit multifamily property in the Northern Los Angeles community of Reseda in the heart of the San Fernando Valley. Reseda-Keswick Apartment homes offers an investor a unique opportunity to acquire an attractive apartment community with the ability to add significant value through an enhanced interior and common-area renovation program. The community of Reseda is centrally located just west and south of the San Diego (405) Freeway and the Simi Valley (118) Freeway, providing residents convenient access to all areas of Los Angeles including Downtown Los Angeles and Burbank Studios to the south and east, West Los Angeles to the south, and Warner Center to the south and west. Apartment operations continue to improve throughout the Valley. The lack of adequate new supply being introduced to the market coupled with the demand for infill San Fernando Valley apartments has buoyed rents and kept occupancy at over 95%.

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: 64
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.

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: 47
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!

Toluca Lake, 10748 RIVERSIDE Drive

Price: $6,499,998
Units Total: 13
Lot Size: 7,910
Living Area: 9,477
Year Built: 2018
Parking: Yes
Days on Market: 62
Description: Schon Tepler exclusively presents the sale of these 13 brand new, luxurious, NON-RENT CONTROLLED Townhomes. Situated in the highly desirable Toluca Lake submarket. Completed in 2018. Each unit has modern interiors with many amenities including: custom italian style kitchens, quartz countertops, in-unit washer and dryer, modern appliances, deep soaking tubs, Nest Thermostats, secured building and private rooftop decks. 10 out of 13 townhomes have been pre-leased. Contact listing agent for Offering Memorandum. Property is approximately 9,500 sq. Ft. Gross, plus a subterranean garage. *Property will be sold “AS IS” condition with a deed restriction preventing it from being converted to condos for 10 years from date of CofO.

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: 387
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.

Rosemead, 9307 Ramona Boulevard

Price: $6,349,000
Units Total: 18
Lot Size: 38,397
Living Area: 17,578
Year Built: 1986
Parking: 0
Days on Market: 63
Description: This property boasts 1980’s construction with all condo style units. Each 2-story unit is individually metered for gas and electricity and includes central HVAC systems. The property consists of Three 6 unit buildings with 3 water meters, and 2 carport parking spaces per unit, plus extra parking. The common areas have nice landscaping and patios, providing all tenants a sense of comfort and privacy similar to that of a small single-family residence community.

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: 42
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. **

West Hollywood, 1001 Hammond Street

Price: $6,288,888
Units Total: 12
Lot Size: 6,983
Living Area: 9,072
Year Built: 1956
Parking: 12
Days on Market: 127
Description: Remodeled building in superb West Hollywood location one block south of Sunset and one block east of Doheny. Easy walking distance to West Hollywood nightlife (Roxy and Rainbow Room within one block) and adjacent to the new Residences at the West Hollywood Edition (Marriott). Seller states new roof, plumbing, electrical, exterior paint and water heaters. Fully rented and well maintained (as always in WH: upside in rents). Possible condo conversion. Shown on accepted offers only. Please do not disturb tenants. Call for more information.

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: 77
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).

Laguna Beach, 1234 Gaviota

Price: $6,200,000
Units Total: 2
Lot Size: 3,485
Living Area: 2,809
Year Built: 1963
Parking: 7
Days on Market: 166
Description: First time on the market in 42 years. This property is known as Blue Agave. A legal Laguna Beach short term vacation rental. Yes the city license will transfer with the property to the new owner according to the city. It is a classic California beach house located on the ocean side of the Pacific Coast Highway, between Brooks and Cress St. The properties height, profile and footprint could not be built today given current restrictions. Blue Agave is one of the last prime locations in the neighborhood and shares the neighborhood with Surf and Sand Resort, and dozens of other cafes, restaurants, galleries, shops and breathtaking vistas. The upper, 2 bd, 2 ba unit boasts 180 degree unobstructed panoramic coastline, white water, and Catalina Island views and includes a wrap around deck. The open floor plan has a classic Laguna Beach living room paneled in individual, hand cut cedar boards. A spacious galley kitchen, remodeled in early 2016. The lower unit offers 3 bd and 3 ba, all ensuite. . The living room is spacious with remarkable ocean views. The European-style galley kitchen features gas, birch cabinetry and butcher block accents. Double French doors from the kitchen lead onto a large covered, private dining deck as well as a bricked garden patio. The 3rd bd also opens out via double French doors onto patio area. Property has a large 3 car garage and 4 additional parking stalls, a rare find in Laguna Beach. This is your perfect beach getaway or income producing beach duplex.

3189 CHEVIOT VISTA Place

Price: $6,200,000
Units Total: 21
Lot Size: 11,955
Living Area: 15,477
Year Built: 1973
Parking: 0
Days on Market: 210
Description: Prime Palms investment opportunity. 21 units centrally located by the 10 and 405 freeway. The building is 15,477 sq.ft and was built in 1973. The unit mix consists of four singles, sixteen one bedroom / one baths, and one two bedroom / one bath. All units are separately metered for utilities. Amenities include on-site laundry, dishwashers, disposals, balconies, yards, and gated entry with parking for 28 cars. This bread and butter investment has over 30% upside on rents. Please email listing agent for full marketing package. Inside units will be shown with accepted offer.

544 Saint Andrews Place

Price: $6,150,000
Units Total: 24
Lot Size: 9,016
Living Area: 21,558
Year Built: 1971
Parking: 25
Days on Market: 3
Description: Great value and opportunity in Koreatown and Hancock Park adjacent.

Newport Beach, 916 East Oceanfront

Price: $6,000,000
Units Total: 2
Lot Size: 2,614
Living Area: 2,597
Year Built: 1972
Parking: 2
Days on Market: 206
Description: Oceanfront 2 units, each 3 bedroom 2 bath. Must be sold with 919 E Balboa 2 units also each 3 bedroom 2 baths ( $3,000,000) which is a contiguous lot with mutual easement. Recently remodeled and furnished. Rented weekly, monthly or yearly. See supplements. Buyer to verify all financial and income information.

Los Angeles, 10445 ASHTON Avenue

Price: $5,995,000
Units Total: 3
Lot Size: 6,483
Living Area: 6,917
Year Built: 2010
Parking: Yes
Days on Market: 19
Description: This Tuscan villa in the heart of Westwood offers the ultimate in luxury with three separate units entered by private elevator. Each with formal entry, marble floors throughout the living room, kitchen and bathrooms. Gorgeous kitchens featuring large center island, Wolf range, Sub-zero refrigerator, custom marble floors and custom wood cabinetry. Living and dining rooms overlook large balconies with spectacular views of Century City. Master suites feature elegant master bath with inlaid marble tiled floors, large shower and spa tub. Custom walk-in closets. 2nd ensuite bedrooms overlook courtyard with pvt balcony. Washer / dryer and custom fixtures throughout plus 8 car secure parking, alarm systems and garden fountains.

Venice, 2432 PENMAR Avenue

Price: $5,995,000
Units Total: 4
Lot Size: 6,036
Living Area: 10,099
Year Built: 2018
Parking: Yes
Days on Market: 18
Description: 2432 PENMAR AVENUE is a 2018-constructed, four-unit masterpiece, located in Venice, California, one of the most desirable sub-markets in Los Angeles. This newly constructed property features four modern 2,270 square foot tri-level townhouses. Each unit is comprised of a bedroom with ensuite bathroom and office on the first floor, open plan kitchen and living / dining area with half-bath and laundry on the second floor, two master bedrooms with ensuite bathroom on the third floor, and private rooftop deck with stunning 360-degree views equipped with built-in BBQ station. Designed and built with Stainless Steel Bertazzoni Appliances and high-end, custom mosaic tiles and luxury fixtures, these townhouses provide a unique rental offering in a market where new multifamily development is extremely uncommon. Delivered fully vacant, the four townhouses total over $32,700 in potential monthly rental inco

5228 HERMITAGE Avenue

Price: $5,995,000
Units Total: 20
Lot Size: 22,851
Living Area: 18,009
Year Built: 1970
Parking: Yes
Days on Market: 32
Description: Listing consists of 5222 Hermitage (5 units) and 5228 Hermitage (15 units). Properties to be purchased together.

Pasadena, 437 North Chester Avenue

Price: $5,990,000
Units Total: 17
Lot Size: 15,012
Living Area: 13,368
Year Built: 1989
Parking: 26
Days on Market: 4
Description: 437 N. Chester Avenue is located in the city of Pasadena, a city located northeast of Downtown Los Angeles. Pasadena is known for its historic Old Town, its bustling downtown, and its iconic Rose Bowl, home of the world famous Rose Bowl Game. Pasadena is ideally located near the 210,134, and 110 Freeways offering residents easy access to all parts of Los Angeles County. This investment opportunity at 437 N. Chester Avenue is composed of (1) non-conforming studio, (8) one bedroom / one bathroom units and (8) two bedroom / two bathroom units. Tenants enjoy amenities such as subterranean garage parking, patios and balconies and on-site laundry. Located near all the best parts of Pasadena and offering considerable upside potential, 437 N. Chester Avenue is a truly excellent investment opportunity. *For sale by Original Owner / Developer, *Excellent Mix of 1 and 2-Bedroom Units with Large Floorplans, *1989 Construction, *Ideal Location Near Old Pasadena, *Downtown, *Pasadena City College and Rose Bowl, *New Pitched Roof, *Tremendous Upside in Rents, *Not Subject to Rent Control

1412 North Kingsley Drive

Price: $5,975,000
Units Total: 30
Lot Size: 8,486
Living Area: 18,645
Year Built: 1928
Parking: 0
Days on Market: 61
Description: Kingsley House, is a made up of 30 charming units constructed in the 1920’s. Located in the highly desirable East Hollywood sub market just south of the famous Sunset Blvd. Kingsley House is a beautiful well maintained Art Deco building offering investor (s) an excellent value add opportunity in a strong sub market with high rental demand and constant gentrification / new development.