Residential Income, California | Page 3 -001-11-30T00:00:00-08:00
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Baldwin Park, 14521 Clark Street

Price: $6,800,000
Units Total: 26
Lot Size: 36,139
Living Area: 19,384
Year Built: 1964
Parking: 39
Days on Market: 19
Description: The Kimberly Apartments is a rare opportunity for an extensively renovated 26-unit multifamily investment asset constructed in 1964 and renovated in 2018 on a 36,138 square foot lot, with total building size of 19,384 sq.ft. This extensively renovated, two-story property offers gated security with remote controlled access, carport and open-space parking, newly upgraded landscaping and courtyard, swimming pool, BBQ area, and on-site laundry room. It also features a new seismic retrofit upgrades for the tuckunder parking areas with new membranes installed. The Kimberly Apartments is the only stabilized and heavily renovated income producing property featuring 100% renovated one-bedroom / one bathroom and two-bedroom / one-bathroom units with new floorings, new kitchens, new ceiling fans, new bathrooms, air conditioning units, new stainless steel appliances and new security metal doors. A RUBS program is in place reducing operating expenses. The property is situated on an individual lot with 1 APN: 8437-002-030.

Beverly Hills, 9595 West OLYMPIC

Price: $6,800,000
Units Total: 12
Lot Size: 8,400
Living Area: 9,072
Year Built: 1949
Parking: Yes
Days on Market: 61
Description: This Beverly Hills apartment building boasts twelve (12) beautifully remodeled units. The unit mix consists of eleven (11) 1 bedroom + 1 bath and one (1) junior bedroom + 1 bath units. The property is a two-story 9,072 square foot walk-up building with wood frame and stucco construction situated on a 8,400 square foot lot. All of the units have been upgraded with granite kitchen counters, stainless steel appliances, wood cabinetry, dual-pane windows and bamboo floors. Parking is provided on-site with eight (8) spaces adjacent to the building. Each of the units are separately metered for electricity and gas. The plumbing was also upgraded to copper in 2010.

Laguna Beach, 931 South Coast

Price: $6,700,000
Units Total: 8
Lot Size: 6,098
Living Area: 5,638
Year Built: 1965
Parking: 16
Days on Market: 71
Description: One of Laguna’s “Trophy Properties” owned by the same family for 46 years. This Architecturally interesting Post and Beam design is located on the ocean-side of Pacific Coast Highway in the center of town. The Pacific Coast Highway location next to the corner of Thalia Street makes this building command attention. Good ocean views from the six residential units on the ocean side of the building, it is only steps to the sand for the tenants. The Coast Highway building contains two commercial units each of approximately 500 sq.ft. (Currently they are combined). Each of the commercial units has it’s own bathroom and two parking spaces, tandem. Between the commercial space there is a courtyard area with a separate two story building consisting of six residential units. Three on the upper and three on the lower. All one bedroom units of the same size with balconies and ocean Views. There are eight tandem parking spaces which are accessed off the rear on Gaviota Street, (Two for each unit). There is a separate laundry area with coin-op washer / dryer and tenant storage cabinets off the carport area. Easy access to popular Thalia Street Beach or Anita Street Beach.

West Covina, 1127 East Garvey Avenue

Price: $6,650,000
Units Total: 28
Lot Size: 33,829
Living Area: 0
Year Built: 1958
Parking: Yes
Days on Market: 109
Description: This is a rare opportunity to acquire 18,382 sq.ft West Covina Terrace Apartment, a 28-unit multi-family investment in West Covina, California. This offering presents opportunity to purchase a well-maintained property with so many upgrades inside the property. Situated in the most convenient location of West Covina, this property is across from the most prosperous Plaza West Covina, very easy to access Freeway I-10. This medium-sized multi-family Asset located in a market with solid demographics and unique accessibility to major employment hubs, providing access to a growing number of retail and restaurant amenities. The spacious unit mix consists of 4 studio units, 20 one-bedroom / one-bath units and 4 two-bedroom / one-bath units.

West Hollywood, 1001 Hammond Street

Price: $6,500,000
Units Total: 12
Lot Size: 6,983
Living Area: 9,072
Year Built: 1956
Parking: 12
Days on Market: 30
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.

Long Beach, 1405 Lewis Avenue

Price: $6,500,000
Units Total: 20
Lot Size: 17,496
Living Area: 34,000
Year Built: 1920
Parking: 20
Days on Market: 273
Description: AKA: 1000 New York St, This the The Vault Warehouse This is a once in a Lifetime opportunity to own a solid concrete, built like a bomb shelter and anchored with a 400 Square foot bank vault, 8 foot wide by 16 foot long freight elevator converting to a 4 story Artist Loft building. Built in the early 20’s, no expense was spared in building this Fireproof Storage Warehouse. Even the wide open deck of the 5 level rooftop is solid concrete and can accommodate loads. The rooftop is 7000 sq.ft. Each unit is also built to commercial fire code. The interior separation walls are either red brick, concrete or steel studs with double 5/8″ fire rated walls. This is a trophy property and your chance to make a difference in the artist community. All units are subject to the Administrative Use Permit. Tenants will have a license in the world of fine arts. All Tenants. There is a 6000 sq.ft INDOOR LOADING DOCK! Used for parking, it has direct access to the freight elevator and to a 1400 sq.ft bonus room. The owners unit / office is 3500 sq.ft, is 3 levels, and includes the bank vault as part of the layout. It has a giant original fireplace, massive 17 foot ceilings and so much more! Power includes a new 3 Phase 800A service with 200A 3 Phase on each floor!

11048 West Olympic Boulevard

Price: $6,500,000
Units Total: 8
Lot Size: 6,360
Living Area: 13,234
Year Built: 2017
Parking: 16
Days on Market: 4
Description: 11048 W. Olympic Blvd is a newly constructed 4 story building with unique subterranean parking garage. The building is situated on the corner of Olympic Blvd and Bentley Ave in one of the hottest rental markets on the Westside known for excellent rent growth and high occupancy rates. The 13,234 sq.ft building was constructed in 2017 on the 6,360 sq.ft lot in the R3 zone of West Los Angeles. The building has been meticulously maintained by the owner and has many attractive amenities including separately metered gas and electricity, individual water heater for each unit, and elevator, interior stairwell, security cameras, copper plumbing and fire sprinklers. There are 16 parking spaces in the gated subterranean parking garage providing a 2: 1 parking ratio per unit. Each of the 8 units is approximately 1,500 sq.ft and has two bedrooms and two bathrooms making it ideal for most renters. These over-sized units feature 10-foot ceilings, hardwood flooring, central heat and air conditioning, and state-of-the-art kitchen and bathrooms. The European cabinetry, quartz counter-tops and stainless-steel appliances along with the automatic window shades and large balconies make these units feel like home. Each unit is equipped with a washer, dryer, refrigerator, gas stove, dishwasher and microwave.

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: 290
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.

Los Angeles, 8736 Venice Blvd

Price: $6,395,000
Units Total: 8
Lot Size: 8,176
Living Area: 10,733
Parking: 0
Days on Market: 69
Description: Prime Los Angeles investment opportunity. This 2016 built, non rent-control asset with a WOW! Factor. This project has 4 buildings that consist of 8 total units (3 x large studios, 1 x one bedroom, 3 x two-bedroom plus den, 1 x three-bedroom). All units have modern features including: open floor plans, high ceilings, recessed LED lighting, frameless windows, stainless steel appliances, washer / dryers, central air and heat, large outdoor space, and tons of parking. The upper units have amazing city views, as well. All utilities are individually metered except the water is every 2 units. VERY EASY TO LEASE. This project is legally 4 duplexes with 4 separate APNs, which makes it possible to sell a duplex individually. Next to Helm’s Bakery, Father’s Office, The Platform, Culver City Art’s District, downtown Culver City, Expo line Metro stop, 10 and 405 Freeways.

Los Angeles, 1954 HILLCREST Road

Price: $6,300,000
Units Total: 11
Lot Size: 27,879
Living Area: 9,067
Year Built: 1938
Parking: Yes
Days on Market: 64
Description: This rare offering includes the sprawling “Chateau” property, built in 1939, which provides 11 very spacious, character-driven apartment homes enumerated with original Hollywood charm throughout. Each apartment home features incredible city views and old-world character elements highlighted by hardwood flooring, wood framed windows, wood accented ceilings plus large adjoiningoutdoor decks, patios or enclosed yards. An unparalleled unit composition features Five (5) Large One Bedroom / One Bathroom homes, Four (4) Large Single Units and Two (2) Large Two Bedroom / One Bathroom Apartment Homes. Each home is enhanced with private outdoor spaces, city lights views and all the warmth and character esteemed from the 1930’s construction. The common areas feature unrivaled and thoughtful details throughout embodied by gated pedestrian and vehicle entry, large open spaces, mature landscaping, tranquil flagstone walkways, privacy gates, water fountain, ornate wood, ironwork and city views

Laguna Beach, 618 South Coast

Price: $6,295,000
Units Total: 5
Lot Size: 5,663
Living Area: 4,108
Year Built: 1965
Parking: 17
Days on Market: 12
Description: 618 South Coast Highway and 621 Ramona Avenue in Laguna Beach, California consists of 5 rent-able units. The property has been completely updated and remodeled as of June 2018. There are 4 residential apartments and 1 commercial unit. The commercial / office space is directly fronting on South Coast Highway and is a 2 story suite. There are 3 one bedroom apartments and 1 two bedroom and 2 bathroom apartment. The property is located about 6 blocks from downtown Laguna Beach and a short distance to the Pacific Ocean, sandy beaches and many of the restaurants and shops that the Laguna Beach lifestyle has to offer. This property has been completely updated with new windows, doors, kitchens, bathrooms, air conditioning and a spectacular ocean viewing roof top deck. With a reasonable down payment the Seller may consider carrying a 1st Trust Deed for a period of time.

Santa Ana, 1001 Riverine Avenue

Price: $6,250,000
Units Total: 30
Lot Size: 20,909
Living Area: 20,854
Year Built: 1982
Parking: 30
Days on Market: 26
Description: Riverine Apartments is a 30-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, schools, parks, and a number of small and large retail centers. Situated on a 0.48-acre lot, the 20,854 square foot property consists of entirely large, spacious studio units averaging 695 sq.ft. Built in 1982, the property offers amenities including on-site laundry, security doors, private balconies, an on-site rental office, and gated covered parking.

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: 69
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: 113
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.

Studio City, 11145 SUNSHINE Terrace

Price: $6,050,000
Units Total: 8
Lot Size: 12,165
Living Area: 14,180
Year Built: 2009
Parking: Yes
Days on Market: 405
Description: We are pleased to introduce 11145 Sunshine Terrace, located in Studio City, CA. This is a rare opportunity for an investor to acquire a trophy apartment building in the hills of Studio City. This 2009 construction building is not subject to rent control. The rents are currently below market, and a new owner could step in and raise rents to market with relatively minimal work required. This property lacks direct competition in its immediate area. The minimum home rental price in the immediate area hovers around $5,500. There is plenty of room between that price and the building’s current rents, which provides plenty of upside to be capitalized upon. These 3 bedroom 2.5 bath townhomes are condo mapped, with several layouts, and were originally built to be sold individually. This presents a new owner with an opportunity to hold onto these units as a rental property or to individually spin them off when market pricing is optimal.

Los Angeles, 4715 FOUNTAIN Avenue

Price: $6,000,000
Units Total: 12
Lot Size: 3,834
Living Area: 6,600
Year Built: 1924
Parking: 0
Days on Market: 106
Description: Introducing 4715 Fountain Avenue – an impressive boutique apartment community that recently underwent a ‘white-glove’ renovation. Every square inch of this property was handled with the upmost care, in an attempt to preserve its architectural details, while at the same time implementing a modern take of urban luxury living. Comprised of 12 One Bedroom / Studio Flats with walk-in closets, 4715 Fountain offers an abundance of natural light from tall windows, high ceilings, and every in-suite amenity that you would never imagine in a 1920s era apartment building. This property is filled with classic details and designer finishes throughout such as high-end hardwood flooring, lighting fixtures, HVAC systems, full borderless glass shower enclosures, stainless appliances and combo washer / units in the kitchens. A community outdoor space includes waterless landscaping, lounge furniture, bicycle storage room, and doggy spa.

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: 109
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, 1744 North Wilton Place

Price: $5,998,888
Units Total: 3
Lot Size: 10,964
Living Area: 4,312
Year Built: 1911
Parking: 4
Days on Market: 8
Description: DO NOT DISTURB OCCUPANTS! Amazing Development Opportunity! Zoned LARD1.5! Welcome to Both 1744 (APN #5544002061) and 1750 (APN#5544002062) each on approximately 11K lot where two Craftsman homes plus two units is located close to the Hollywood Hills, Hollywood Blvd, West Hollywood and DTLA. 1750 N Wilton offers 4 bedrooms, 3.5 full baths in the front house; additional carriage house offers 2 bedrooms and 3 baths. 1744 N Wilton offers 7 bedrooms, 3 full baths, and 2 half baths to include solarium, 3rd floor attic studio, 2 fireplaces, bonus room and Maid’s quarters. This home also boasts a master suite w / own entrance and bath, huge basement, 4 car garage, and storage room next to garage. The Sale of this home is contingent upon the sale of 1750 N Wilton and to close concurrently.

Los Angeles, 1750 North Wilton Place

Price: $5,998,888
Units Total: 6
Lot Size: 10,283
Living Area: 5,200
Year Built: 1923
Parking: 0
Days on Market: 8
Description: ATTENTION INVESTORS. Amazing Development Opportunity! Zoned LARD1.5! Welcome to Both 1744 (APN #5544002061) and 1750 (APN#5544002062) each on approximately 11K lot where two Craftsman homes plus two units is located close to the Hollywood Hills, Hollywood Blvd, West Hollywood and DTLA. 1750 N Wilton offers 4 bedrooms, 3.5 full baths in the front house; additional carriage house offers 2 bedrooms and 3 baths. 1744 N Wilton offers 7 bedrooms, 3 full baths, and 2 half baths to include solarium, 3rd floor attic studio, 2 fireplaces, bonus room and Maid’s quarters. This home also boasts a master suite w / own entrance and bath, huge basement, 4 car garage, and storage room next to garage.

Venice, 315 VERNON Avenue

Price: $5,900,000
Units Total: 3
Lot Size: 6,004
Living Area: 2,090
Year Built: 1922
Parking: 0
Days on Market: 113
Description: Charming courtyard compound close to the beach, restaurants, shops and other popular Venice amenities. Property at 315 Vernon Avenue offers 3 detached cottages and 4 car garage attached to the front cottage. Cottage 315 Vernon offers 1 bedroom, 1.5 baths and is in the process of being updated (approx 672 sq. Ft.) . Cottage 317 Vernon Ave., updated 2 bedrooms, 1 bath (approx 848 sq. Ft.) . Cottage 315 1/2 Vernon Ave. 1 bedroom, 1.5 bath, fully renovated with top of the line fixtures and one car attached private garage (approx. 570 sq. Ft.) . Great property for either owner / user or future development. All units will be delivered vacant. Property to be sold combined with 319 Vernon Avenue APN #4286-007-007.

Venice, 319 VERNON Avenue

Price: $5,900,000
Units Total: 3
Lot Size: 6,002
Living Area: 2,736
Year Built: 1906
Parking: Yes
Days on Market: 113
Description: Charming courtyard compound close to the beach, restaurants, shops and other popular Venice amenities. Property has one detached cottage facing Vernon Avenue and a Two story – 2 unit building in back. Three outside parking spaces and one coin op laundry room. 319 Vernon Ave. Offers 2 bedrooms, 1 bath and needs updating (approx 880 sq.ft.) . 319 Vernon Ave. #1 (ground floor) 2 bedrooms, 1 bath (approx 856 sq. Ft.) . 319 Vernon Ave. #2 (second floor) 3 bedrooms, 2 bath. (approx. 1000 sq. Ft.) . Great property for either owner / user or future development. All units will be delivered vacant. – Property to be sold together with 315 Vernon Avenue – APN #4286-007-006

Newport Beach, 924 East Oceanfront

Price: $5,890,000
Units Total: 1
Lot Size: 2,185
Living Area: 2,407
Year Built: 2018
Parking: 2
Days on Market: 45
Description: **This property is a Short Term Rental Approved and Permitted and currently generating $1500 to $2500 PER NIGHT of income in all months of the year. Lots of dates already booked for the whole year** Amazing income generating investment Perfect for part time owner use / short term rental investment. Showcasing a prime Brand New construction by award-winning and well known Builder SC Custom Homes and Architect Ian Harrison. This ultra modern and luxury beachfront masterpiece offers panoramic water and coast line view from nearly every room. Contemporary and chic open floor plan to include every modern convenience desirable to give you an ultimate 5 star resort home feeling throughout. 3 bedrooms plus a loft, 4.5 baths, (every room including the loft has its own full bath and balcony access with view) over-sized 2 car attached garage and blocked alleyway that allows 2 extra car parking outside (this is a great future in Newport Beach), ample storage space and slide-away glass doors creates an unobstructed view from both living room and 2nd level master bedroom. 3rd floor entertainment loft connects you to a large size rooftop with Wolf BBQ set up, seating area for day and night entertainment with breathtaking white water, harbor, Newport bay, famed surf spot The Wedge, Catalina Island, city skyline and stunning sunset views. This remarkable beachfront estate has it all. You Have both Beautiful Ocean view and Fantastic Bay View in this house. One of a kind.

2700 Ocean Boulevard

Price: $5,850,000
Units Total: 2
Lot Size: 2,614
Living Area: 2,948
Year Built: 1929
Parking: 1
Days on Market: 49
Description: PRICE REDUCTION Unique California Classic 3 bed, 3 bath Spanish Villa including an additional two-story one bed / bath Casita, all with unsurpassed water views. Originally built in 1929 and recently renovated, this one-of-a-kind property is situated on 125 curb feet of coveted Ocean Boulevard offering breathtaking panoramic views of the ocean, bay, and Newport Harbor entrance. Set above China Cove and just steps away from Inspiration Point and Big Corona Beach, this architecturally unique home offers the ultimate California Riviera lifestyle. The main house includes three bedrooms, three baths and original elevator, attached sports garage equipped with both his and hers top of the line 404 paddle boards and Newport Electric Bike custom beach cruisers. The ground level of the main house includes two beds, full bath and den and private garden area again with stunning views. From the second level, the master bed, formal living, dining, and gourmet kitchen with spectacular views. Wrap-around viewing deck perfect for dining alfresco and watching whales, incredible sunsets, and surf at the famous wedge. The attached ocean view, one bedroom one bath Guest House with large deck offers privacy great for guests or in-laws. Wake to the sights and sounds of the sea and you’ll never want to leave. Easy access to both bay and ocean beaches and world Class shopping and dining just moments away.

Valley Glen, 13807 Oxnard Street

Price: $5,800,000
Units Total: 25
Lot Size: 28,314
Living Area: 21,504
Year Built: 1961
Parking: Yes
Days on Market: 98
Description: