Residential Income, California | Page 4 -001-11-30T00:00:00-08:00
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Big Bear, 40210 Big Bear Boulevard

Price: $5,950,000
Units Total: 0
Lot Size: 55,000
Living Area: 12,540
Year Built: 1946
Parking: 3
Days on Market: 93
Description: This totally renovated resort on three plus-acres of land in 10 APNs has 4 hotel rooms, 6 studio cabins, 10 one-bedroom cabins, 8 two-bedroom cabins and 1 three-bedroom cabin with total 47 beds. In addition, there is spacious open room in the courtyard for a white tent conference facility during the summer together with a 500-sf restroom building and a 2,000-sf kitchen plus storage buildings for all kinds of private and pubic events on-site. Upscale dining, evening entertainments in the Village as well as ski slopes are just a short drive away. This resort property is ideal for large corporate group bookings, weddings and family events and has had regular many loyal corporate clients through the years. There is also a development potential to build a convention and exhibition structure for conference purposes instead of a large white tent on the site due to its large acreage. There is an outdoor swimming pool, spas and room for a tennis court. Parking space is ample on site with a convenient store and restaurant right across the street. The kitchen onsite provides breakfast and there is a bar with liquor license. The hotel is independent with a potential for a major franchise flag.

Sherman Oaks, 4347 Mammoth Avenue

Price: $5,950,000
Units Total: 21
Lot Size: 23,000
Living Area: 16,037
Year Built: 1952
Parking: Yes
Days on Market: 75
Description: 4347 and 4355 Mammoth Avenue in Sherman Oaks includes two side by side apartment buildings on separate parcels combining for twenty one total units. Consisting of fourteen 1 + 1s and seven 2 + 1s, four units have undergone a complete remodel including new brushed nickel plumbing fixtures, drains, supply lines, water lines, porcelain tile in kitchens and bathrooms, paint, scraped ceilings, custom white wood and self closing kitchen and bathroom cabinets, charcoal quartz countertops, white subway tile backsplashes in the kitchen and shower area, stainless steel appliances (refrigerator, dishwasher, stove and microwave), light fixtures, recessed lighting, updated electrical and waterproof laminate flooring. Other property upgrades include new window wood encasements, exterior paint including the stairs and decking, new front awnings and completely renovated landscaping. There is a laundry room in each building with seller owned equipment and plenty of parking at the back of the buildings.

Santa Monica, 1122 9TH Street

Price: $5,950,000
Units Total: 10
Lot Size: 7,478
Living Area: 10,352
Year Built: 1969
Parking: Yes
Days on Market: 11

Venice, 315 VERNON Avenue

Price: $5,900,000
Units Total: 6
Lot Size: 12,006
Living Area: 4,826
Year Built: 1922
Parking: Yes
Days on Market: 73
Description: DEVELOPMENT OPPORTUNITY SIDE BY SIDE PROPERTIES SOLD TOGETHER AS A COMBINED SALE – 12006 SQ. FT. LOT- LARD1.5 ZONING. 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. Adjacent property at 319 Vernon Avenue APN #4286-007-007 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. Great properties for owner / user or future development. ALL UNITS WILL BE DELIVERED VACANT AT CLOSE OF ESCROW. Buyer to do their own due diligence regarding possibilities for development. Sq. Ft. Indicated for land and buildings is the total for both properties combined.

Laguna Beach, 618 South Coast

Price: $5,900,000
Units Total: 5
Lot Size: 5,663
Living Area: 4,108
Year Built: 1965
Parking: 17
Days on Market: 109
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 Monica, 1537 15TH Street

Price: $5,900,000
Units Total: 7
Lot Size: 7,497
Living Area: 8,621
Year Built: 1990
Parking: Yes
Days on Market: 48

Los Angeles, 2042 North CAHUENGA

Price: $5,775,000
Units Total: 6
Lot Size: 6,641
Living Area: 2,276
Year Built: 1920
Parking: Yes
Days on Market: 72
Description: Price Change on this Development Opportunity! This is a six (6) unit multifamily investment opportunity located in the Hollywood submarket of Los Angeles, consisting of five separate buildings. Located in one of the hottest neighborhoods for development in Los Angeles, this site has quick access to the 101 Highway and is located near restaurants and shopping centers. This property is located on 3 contiguous lots (2042 – 2100 N Cahuenga Blvd) with 100 ft of frontage. The offering is comprised of 19,919 sq.ft of lot area with R3 zoning. This property is pending entitlement for a 34-unit 3-story new construction complex with basement parking. Do not disturb tenants. Showing with accepted offer.

Los Angeles, 3756 RAYMOND Avenue

Price: $5,700,000
Units Total: 19
Lot Size: 16,433
Living Area: 15,211
Year Built: 1959
Parking: Yes
Days on Market: 10
Description: Exceptional investor / developer opportunity. Scheduled gross income is estimated based on rent comparables. Potential USC Housing. This property is in the USC DPS Patrol Area referring to the immediate area around the university campuses and off-campus properties where DPS CSOs and PSOs provide 24/7 patrol services for the campus community. This building is composed of nineteen apartment dwellings. The building offers a combination of two bedroom units, one bedroom units, and a three bedroom unit. The building offers secure parking and laundry facilities. Laundry machines are owned and operated by the building. This property occupies 2 lots bordered by 3 main streets. Thirteen apartments will be delivered vacant at the close of escrow.

3302 Manhattan Avenue

Price: $5,650,000
Units Total: 6
Lot Size: 2,259
Living Area: 3,600
Year Built: 1960
Parking: 6
Days on Market: 96
Description: Trophy Income Property with Panoramic Ocean Views • Taken down to the studs in 2017, this virtually brand new 6 unit property is ideally located in a premier north Hermosa location. • Features 6 one bedroom / one bath units each featuring new wide plank oak flooring, new windows and doors, new cabinetry, stainless appliances and quartz counter tops, frameless glass showers with bench seat, large bedroom closet, washer and dryer, A / C, custom window blinds, security gates and one oversized garage space per unit (can handle large SUV’s). • Income of $21,150 per month • Short walk to beach, gym, Boccato’s Groceries, and assorted other services and a 8 min walk to downtown Manhattan Beach shops and restaurants. • Panoramic sand and whitewater views from upper units and two of three lower units boast great ocean views.

Lawndale, 4419 West 162nd Street

Price: $5,580,000
Units Total: 10
Lot Size: 9,611
Living Area: 10,430
Year Built: 1991
Parking: 22
Days on Market: 243
Description: Incredible Location ~ Fully-occupied ~ Not in Rent Controlled area! Amazing opportunity to own this well-maintained 10-unit Apartment building in a highlv visible and central location in the heart of South Bay! Conveniently located near the border of Torrance and Redondo Beach, this well-designed complex was built in 1991 and has been well-managed ever since. With only a 10-mins drive to the beach and 15 mins to LAX, owner has enjoyed extremely low vacancy rates and can easily find new tenants when available. Each unit comprises of approx. 1043 sq.ft, with identical 2-bed / 1.5 bath floorplans. Every individual unit possesses its own laundry hookups, separate electric and gas meters, spacious living room, and various improvements / upgrades over the years. In addition, this Apartment building includes Automatic gated Parking with 22 subterranean parking spaces. Super convenient access to the 405 freeway and Hawthorne Blvd, nearby Southbay Galleria Shopping Mall, El Camino College, and plenty of incredible restaurants, shopping, amenities and much much more! Situated in a great stable neighborhood with strong demand for housing, this incredible opportunity offers nice upside for increased potential rents.

Los Angeles, 1212 ARAPAHOE Street

Price: $5,550,000
Units Total: 12
Lot Size: 10,874
Living Area: 5,860
Year Built: 1991
Parking: 0
Days on Market: 7
Description: No Rent Central Apartment built in 1991. Tenant paid Gas and Water and electric. All unit have own laundry (washer and dryer) machine. 26 side by side parking in security garage. Please do not disturbed tenants.

3216 Manhattan Avenue

Price: $5,500,000
Units Total: 4
Lot Size: 3,497
Living Area: 4,191
Year Built: 1973
Parking: 9
Days on Market: 13
Description: 3214-3216 Manhattan Ave is a highly sought-after 4-unit building located a block from the beach. The building boasts a large living area consisting of 4,191 sq.ft (BOMA). There is an additional 401.9 sq.ft of residential common area space (building storage, laundry room, and stairs), as well as 1,624 sq.ft of enclosed garage space and 949 sq.ft of balconies and decks (BOMA). The unit mix consists of (1) 3-bed / 2-bath unit and (3) 2-bed / 2-bath units. The building features 9 garages (totaling 1,624), 1,000 sq.ft of private balcony space, and big ocean views from the second and third floor! There is an Immediate development opportunity to build (2) $5M townhomes with a maximum floor area of 5,945.64 sq.ft (buyer to verify).

967 South MANHATTAN Place

Price: $5,500,000
Units Total: 12
Lot Size: 9,373
Living Area: 9,705
Year Built: 1990
Parking: 0
Days on Market: 97
Description: Fantastic Investment Opportunity! Modern 12-unit apartment located on close to Olympic Blvd, the Center of Korean Town. No Rent Control, condo-style apartment built in 1990. All units are hardwood floors, and come fully equipped with refrigerator, oven range, and in-unit washer and dryer. Third floor units are especially popular because of their high ceiling and nice view. 2 bedroom boasts two assigned parking spots located inside a spacious gated parking lot. It is conveniently located near 10 freeway. Olympic and Western is the most popular area in Korea Town with large shopping centers, restaurants, banks, and professional offices. The current owner is the original owner and original builder of the units. This property has been on the market first time in 27 years.

519 South WESTMORELAND Avenue

Price: $5,500,000
Units Total: 18
Lot Size: 8,500
Living Area: 9,932
Year Built: 1984
Parking: Yes
Days on Market: 70
Description: Westmoreland Apartments is an 18-unit non rent controlled, value-add opportunity located in the highly desirable Koreatown sub-market. Built in 1984, the subject property is constructed of wood frame and stucco and is situated on an 8,400 square foot parcel, zoned LAR4. The property features efficient floor plans consisting of 18 one-bedroom / one-bath units. Unit amenities include on-site parking and balconies. The property is individually-metered for electric and features all electric appliances. Westmoreland Apartments presents the rare opportunity to acquire a 1980’s constructed, value-add multi-family investment which has largely not been renovated since it was built. An investor will be able to immediately implement a comprehensive interior and exterior renovation to re-position the property into a luxury rental community and increase rental income by an estimated 37 percent.

Santa Monica, 917 Lincoln Boulevard

Price: $5,500,000
Units Total: 6
Lot Size: 7,500
Living Area: 5,416
Year Built: 1924
Parking: 5
Days on Market: 14
Description: Just below Montana this charming vintage building is walking distance to the beach, 3rd Street Promenade and the Pier. These large units have hardwood floors, large windows and period charm. This is a great opportunity for an investor with a desire to bring a classic property to its full potential. Call for more information. Show on accepted offers only. Please do not disturb tenants.

Carson, 21721 Moneta Avenue

Price: $5,449,000
Units Total: 13
Lot Size: 19,838
Living Area: 9,965
Year Built: 2018
Parking: 25
Days on Market: 48
Description: PRICE REDUCED! One of a kind Class A, MFR for the Individual Investor. Sky South Bay is a brand new construction, 13-unit apartment community that was completed in May of 2018. It is fully leased and stabilized offering investors a premium, turn-key property that has no direct competition in the Carson Market. Offering an attractive mix of Six 2BR / 2BA, 3 1BR / 1BA and 4 Studio + units, Sky South Bay was fully leased at above pro forma rents prior to completion. Each unit offers all of the most desirable amenities for tenants including stainless steel appliances including gas stove and range, microwave, refrigerator and dishwasher, quartz counter-tops in the kitchen, in-unit washer and dryer, central HVAC and large private roof-deck or patio. Built with the investor in mind, Sky South Bay is constructed to the modern Green Building Code, offering energy efficient, recessed LED Lighting, low flow plumbing fixtures, tankless, gas hot water heaters, double paned energy efficient windows, drought tolerant landscaping and individual submitters so that tenants pay all of their own utilities including water, sewer and trash. The building is fully secured with decorative iron fencing, electronic gate access and security cameras. Sky South Bay is strategically located just south of the main retail district on Carson Street, just east of the 110 Harbor Freeway and Harbor UCLA Medical Center, in an area undergoing a major renaissance with new investment and development.

Los Angeles, 3710 GLENDON Avenue

Price: $5,400,000
Units Total: 11
Lot Size: 16,305
Parking: Yes
Days on Market: 136
Description: SOLD FOR LAND VALUE ONLY. Three (3) properties consisting of 11 existing units with 16,305 sq. Ft of R-3 land with 120 ft of frontage (3704,3710,3714 Glendon Ave.) (APN#: 4252-032-008,4252-032-009,4252-032-010) with a potential of building up to 29 units according to the City of Los Angeles Building and Safety Department under the current zoning laws. Buyers and the buyer’s agents are strongly recommended to check with the related authorities regarding the zoning and construction potentials and possibilities. Sellers and Seller’s agent make no presentations of any kinds regarding the feasibility of number of units allowed to be built on these properties. SOLD FOR LAND VALUE ONLY. Located on one of the most desirable streets in Palms Area with close proximity to restaurants, markets, clubs, Venice Beach, Marina Del Rey, Beverly Hills, LAX, Downtown Los Angeles, Public Transportation, Freeways, Employment and Business centers.

Manhattan Beach, 113 27th Street

Price: $5,399,000
Units Total: 3
Lot Size: 2,724
Living Area: 2,925
Year Built: 1957
Parking: 3
Days on Market: 72
Description: AAA location on the north corner of 27th and Ocean. (2) Two bed / Two bath, (1) Two bed / One bath, all with ocean views. A tremendous opportunity for development or as a trophy income property. SUBMIT ALL OFFERS

462 South Rexford Drive

Price: $5,399,000
Units Total: 6
Lot Size: 8,219
Living Area: 6,327
Year Built: 1948
Parking: Yes
Days on Market: 122
Description: Existing vacant 6-unit building in Beverly Hills. RTI plans for a unique, contemporary, 7 residence shovel-ready development opportunity. Located in a tree lined, quiet residential area with very easy access to Rodeo, Beverly Drive, Century City and Pico Blvd. Proposed plans are for 6 spacious residences featuring two bedroom, a den, three bath with great balcony space. There is a grand penthouse featuring three bedrooms, four bath with an opulent terrace and private roof deck. Two levels of side by side parking (some units with 3 spaces), storage and a beautiful gym. The contemporary design offers light filled open floor planned residences with windows on 3-4 sides, abundant closet space, great privacy and outdoor space. A worthy investment opportunity for a condominium developer or an income property investor. CALL OR EMAIL LISTING AGENT FOR OPERATING MEMORANDUM.

San Clemente, 505 Monterey Lane

Price: $5,275,000
Units Total: 8
Lot Size: 3,920
Living Area: 0
Year Built: 1964
Parking: 10
Days on Market: 54
Description: MAJOR PRICE REDUCTION! HIGHLY MOTIVATED SELLERS! 505 West is quintessential Southern California coastal real estate. This investment opportunity is located in the highly desirable “Pier Bowl” location of San Clemente, just a few steps to beaches (including world class surfing spots), historical San Clemente pier, restaurants and shops. 505 West has been extensively remodeled, with over $1 million dollars invested into the interiors and exterior of the building bringing modern luxury to San Clemente. This opportunity features (2) studios, (2) one bedroom / one bathroom units and (4) two bedroom / two bathroom units with 75% of all units featuring ocean views. This property features (10) gated community garage spaces, patios, balconies and on-site laundry. 505 West truly is a rare and special piece of Southern California coastal real estate. *Incredible Ocean Views, *Prestigious Pier Bowl Location, *Steps to the beach, Historical San Clemente Pier, Restaurants and Shops, *Over $1 Million in Renovations and Upgrades, *Immaculate Modern Style Interiors, *Prime Candidate for Vacation Rental- Permits Available, *Irreplaceable Real Estate,

1133 LINCOLN Boulevard

Price: $5,275,000
Units Total: 10
Lot Size: 7,519
Living Area: 8,491
Year Built: 1959
Parking: 10
Days on Market: 54
Description: Well maintained 10 unit multifamily building perfectly located in prime Santa Monica, north of Wishire and right across the street from Reed Park. Great mix of units with 1 unit (3BD + 2BA), 3 units (2BD + 1.5BA) and 6 units (1BD + 1BA) of which one is furnished. Offers 10 covered parking spaces. Added income from onsite laundry facility (leased). All units metered for electric and gas. The building is rent controlled with great upside potential for rental income. Near beach, shops, restaurants, 3rd Street Promenade and in the highly sought after Santa Monica School District.

Santa Monica, 1753 9TH Street

Price: $5,270,000
Units Total: 7
Lot Size: 7,532
Living Area: 6,566
Year Built: 1987
Parking: 0
Days on Market: 98
Description: We are pleased to present this extremely rare NON-RENT CONTROL 7-Unit apartment building, 1753 9th Street. Conveniently located in prime Santa Monica, one of the highest-demand apartment rental markets in the country. The property was built in 1987, features on-siteparking and storage as well as laundry in-units, and spacious, luxury layouts. This is an extremely rare opportunity to acquire a non-rent controlledasset, with a terrific unit mix of huge two, three, and four bedroom apartment homes, which have been tastefully renovated for the mostdiscerning of tenants. The unit mix consists of 4 two-bedroom / two- bathroom units; 2 three-bedroom / two-bathroom units, and 1 four-bedroom / two and a half bathroom, townhome “owner’s unit”.

Santa Monica, 928 9TH Street

Price: $5,250,000
Units Total: 10
Lot Size: 7,497
Living Area: 10,208
Year Built: 1967
Parking: Yes
Days on Market: 73

Sherman Oaks, 5060 HAZELTINE Avenue

Price: $5,250,000
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 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. The Sherman Oaks Galleria, the Westfield Fashion Center and The Van Nuys / Sherman Oaks Recreation and Aquatic center are some of the recreational and shopping options nearby. Trader Joes is a block away from the property. Amenities at the property include a pool, covered parking, on-site laundry facility and a nicely landscaped courtyard and entrance.