Residential Income, California | Page 4 -001-11-30T00:00:00-08:00
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Venice, 1641 ABBOT KINNEY

Price: $4,925,000
Units Total: 5
Lot Size: 3,570
Living Area: 3,618
Year Built: 1936
Parking: Yes
Days on Market: 4
Description: Retail and Residential Mixed-Use Building on Abbot Kinney Boulevard, “The Coolest Block in America”. Phenomenal opportunity with excellent income, and the rare opportunity to own on this famed retail stretch in Venice. Front building is street retail on the ground floor with an excellent tenant (Gorjana is a jewelry company based out of Laguna). Additionally, three (3) residential units on the 2nd and 3rd floors. The Second building, which is completely free standing, currently houses Harlot Salon, and sits behind the front building. Two of the spaces will be delivered vacant. The first vacant space is on the 2nd floor of the front building (which is similar to a small single / studio which is Unit #4 on unit details above). The second, Harlot Salon, is vacating in October 2017 (Rent for this space is below market). All the residential rental units are under rent control.

Moreno Valley, 24426 Dracaea Avenue

Price: $4,900,000
Units Total: 18
Lot Size: 993
Living Area: 27,000
Year Built: 2007
Parking: 2
Days on Market: 243
Description: 18 THREE STORY LUXURY TOWN HOMES FOR SALE. ALL HAVE SEPARATE APN#S BUT HOA HASN’T BEN ACTIVATED YET. COULD BE ACTIVATED AND SOLD SEPARATELY IN THE FUTURE. 10 UNITS HAVE 3 BEDROOMS 2.5 BATHS PLUS LOFT ON THIRD FLOOR. 8 UNITS HAVE 3 BEDROOMS 3.5 BATHS, ALL EIGHT OF THESE HAVE MASTER SUITES. UPGRADES INCLUDE MARBLE FLOORS IN KITCHEN, GRANITE COUNTERTOPS IN KITCHENS and BATHS, , HIGH CEILINGS, BERBER CARPET, WHIRLPOOL STAINLESS STEAL APPLIANCES, CANADIAN MAPLE WOOD CABINETS, WASHER AND DRYER HOOK UPS, CENTRAL AIR AND HEAT, DOUBLE PAIN WINDOWS, 2 CAR GARAGES, PATIOS, ALL UNITS ARE IN GOOD SHAPE. TENANTS PAY ELECTRIC AND GAS.

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: 171
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.

1200 Manhattan Avenue

Price: $4,900,000
Units Total: 3
Lot Size: 3,325
Living Area: 3,400
Year Built: 1956
Parking: 3
Days on Market: 113
Description: ONE OF THE LAST SOUTH FACING FULL STREET TO ALLEY CORNER LOTS THAT HAS NOT BEEN DEVELOPED IN DOWNTOWN MANHATTAN BEACH. LOT SLOPES UP FROM MANHATTAN AVE TO BAYVIEW PROVIDING DRAMATIC OCEAN VIEWS. THIS PROPERTY IS PROBABLY BEST SUITED FOR 2 TOWNHOME DEVELOPMENT OR COULD BE SPECTACULAR SINGLE FAMILY RESIDENCE. EITHER WILL HAVE PANORAMIC OCEAN VIEWS. PROPERTY IS CURRENTLY A FULLY RENTED TRIPLEX WITH GREAT TENANTS THAT COULD BE OPERATED AS SUCH FOR MANY MORE YEARS. FRONT HOUSE COULD USE SOME TLC BUT TENANTS ARE HAPPY TO STAY, HAS LOTS OF CHARM AND FEATURES 3 BEDROOMS 2 BATHS PLUS A LOFT AND 180 DEGREE OCEAN VIEWS FROM THE TOP BALCONY. HARDWOOD FLOORS, SPACIOUS LIVING ROOM AND LAUNDRY HOOK UPS. REAR 2 BEDROOM 2 BATH HAS BEEN RECENTLY UPDATED WITH NEW PAINT AND CARPET AND HAS SPECTACULAR OCEAN VIEWS. SPACIOUS BEDROOMS AND GREAT TENANT. 3RD UNIT IS BASIC STUDIO BUT ALSO HAS GREAT TENANT WHO WOULD LIKE TO STAY. 3 CAR GARAGE PARKING. RIGHT IN THE MIDDLE OF DOWNTOWN SO YOU ARE STEPS TO THE BEACH, SHOPS AND RESTAURANTS. THESE PROPERTIES ARE BECOMING VERY RARE. LOCK UP A SOLID SAND SECTION TRIPLEX TODAY AND HAVE OPTIONS FOR THE FUTURE. DO NOT DISTURB TENANTS OR WALK PROPERTY

Downey, 10528 ARRINGTON Avenue

Price: $4,888,000
Units Total: 16
Lot Size: 15,035
Living Area: 12,212
Year Built: 1958
Parking: Yes
Days on Market: 20
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

Los Angeles, 10817 LINDBROOK Drive

Price: $4,875,000
Units Total: 4
Lot Size: 6,342
Living Area: 5,681
Year Built: 1938
Parking: Yes
Days on Market: 32
Description: Rare opportunity to acquire a beautiful four unit apartment building situated in the heart of Westwood Village. Located on desirable Lindbrook Drive, just steps from shops, restaurants and the UCLA Campus. This lovely building consists of three 2 bedroom / 1.5 bath townhouse units and one single 2 bedroom / 1.5 bath unit. Great potential with significant upside in the rents. Expenses are estimated. Subject to Seller’s Exchange. Please do not disturb the tenants.

600 Highland Avenue

Price: $4,795,000
Units Total: 2
Lot Size: 3,334
Living Area: 4,494
Year Built: 1987
Parking: 4
Days on Market: 29
Description: Endless possibilities await you in Manhattan Beach’s Sand Section! At 600 Highland, a 33 ft x 100 ft lot holds 2 town homes with tons of potential and gorgeous ocean views. The front unit enters into a large living room that is bright with west-facing windows and a fireplace. Traveling back towards the wooden deck, you will see a large open living space with wood floors, a family room, generous storage space, kitchen and laundry area. A half bathroom and small built in desk takes you to the stairs and up to a corridor lined with bedrooms. Three of the four bedrooms have small balconies with great views. The master bedroom is built for comfort and is complete with fireplace. On the third floor is the fourth bedroom with loft and rooftop patio access. The patio has a built in sink and bbq and a gorgeous line of site straight to the beach. The second unit enters on a tile floor with a laundry room and office with storage closet nearby. On the second floor is a bedroom with a large built in closet, a bathroom and the master bedroom. The Master bedroom boasts a walk in closet, balcony and fireplace with en-suite bathroom, double sinks and soaking tub. On the third floor is a bright and open living area. The living room with exposed beam ceiling, fireplace and balcony offer beach friendly comfort. The kitchen with high counter tops and dishwasher looks over a cozy dining room with breezy terrace. A short walk to downtown MB and the sand, this is the perfect location to explore home and income options.

Santa Monica, 1444 15th Street

Price: $4,735,000
Units Total: 7
Lot Size: 7,505
Living Area: 8,207
Year Built: 1962
Parking: 10
Days on Market: 35
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.

273 South SPALDING Drive

Price: $4,690,000
Units Total: 4
Lot Size: 6,736
Living Area: 6,900
Year Built: 1928
Parking: 0
Days on Market: 72
Description: Welcome to 273 South Spalding, a luxury 4 unit apartment building centrally located in Beverly Hills. With traditional Spanish style and beautifully maintained elements, these units are an escape from the bustling world around them. With central air conditioning, laundry in unit, and individual garages, each 3 bedroom 2 bathroom unit is part of a fantastic investment in the most coveted city in Los Angeles. For the first time in 50 years, take the opportunity to own this elegant building seriously, as it won’t last long. And please do not disturb the residents.

967 North MADISON Avenue

Price: $4,600,000
Units Total: 19
Lot Size: 18,597
Living Area: 17,788
Year Built: 1924
Parking: Yes
Days on Market: 293
Description: ***NEW PRICE ***We are proud to present a value add opportunity to acquire a nineteen (19) unit apartment complex in East Hollywood walking distance to Sunset Junction and Silver Lake. Situated on an 18,597 square foot corner lot, the property consists of 5 buildings with fourteen (14) 1 + 1 units, five (5) 2 + 1 units. The units themselves are very spacious with formal dining rooms. All units have individual water heaters and washer / dryer hookups and there are eighteen (18) off-street parking spaces.

Los Angeles, 12518 VENICE

Price: $4,600,000
Units Total: 11
Lot Size: 14,010
Living Area: 9,652
Year Built: 1948
Parking: Yes
Days on Market: 9
Description: 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. 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.

Los Angeles, 131 North Kings Road

Price: $4,550,000
Units Total: 4
Lot Size: 6,279
Living Area: 5,994
Year Built: 1938
Parking: 4
Days on Market: 125
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.

Santa Monica, 2423 4TH Street

Price: $4,500,000
Units Total: 8
Lot Size: 6,390
Living Area: 7,584
Year Built: 1965
Parking: Yes
Days on Market: 129
Description: The Queen Anne, 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 +.

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: 161
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.

Long Beach, 73 Lime Avenue

Price: $4,500,000
Units Total: 21
Lot Size: 7,503
Living Area: 10,160
Year Built: 1923
Parking: Yes
Days on Market: 155
Description: The Ocean Breeze Apartments is a 21-unit apartment community located in the booming East Village Arts District submarket of Long Beach. The property is comprised of fifteen (studios) units, and six (one bedrooms + 1 bath) units. Select units feature large windows facing the courtyard area, wood flooring, ceramic tile, HVAC, new cabinetry in kitchen and bathroom area, granite counter tops, refrigerator, stove and ceiling fans. The property also offers a beautiful front koi fish pond, on-site laundry facility and an private area with bicycle racks. ?? The turn-key property is located in the East Village Arts District, which has a neighborhood Walk Score of 92. It’s considered one of the trendiest areas of Downtown Long Beach. Tenants can walk to several coffee shops and minutes from the ocean.

South Pasadena, 1143 Diamond Avenue

Price: $4,500,000
Units Total: 8
Lot Size: 11,323
Living Area: 8,075
Year Built: 1928
Parking: 8
Days on Market: 133
Description: We are pleased to Exclusively offer for sale this 8 – Unit Non Rent controlled Apartment Well cared for with pride of Ownership. In one of the Best Location in the City Of South Pasadena. Newer roofs, newer plumbing, units renovated. Property Management Co. Take care of the property

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: 44
Description:

Santa Monica, 811 23RD Street

Price: $4,500,000
Units Total: 2
Lot Size: 8,029
Living Area: 5,200
Year Built: 1927
Parking: 4
Days on Market: 29
Description: Great property North of Wilshire and just South of Montana Ave. Front unit is vacant so owner can move in and keep existing tenant in rental unit in the back. Front Unit is 5 + 4 with 3,400sq. Ft. Rear unit is 3 + 3,1, 800 Sq. Ft. With newer appliances and granite countertops.

Santa Monica, 2441 34TH Street

Price: $4,495,000
Units Total: 12
Lot Size: 19,203
Living Area: 11,856
Year Built: 1950
Parking: Yes
Days on Market: 193
Description: Rare investment-development opportunity in Santa Monica back on the market! Large lot. The building has been vacant since 12-17-2015 (Ellis Act). Six double garages in rear of building. Great unit mix! Convenient access to both Downtown Santa Monica as well as West Los Angeles! VACANT! VACANT! VACANT! 12 UNITS (4 – 2 bedroom / 1 bath; 8 – 1 bedroom / 1 bath)

Newport Beach, 410 East Oceanfront

Price: $4,495,000
Units Total: 2
Lot Size: 3,049
Living Area: 2,850
Year Built: 1976
Parking: 4
Days on Market: 171
Description: On the SAND! Fabulous Panoramic Ocean, Catalina, Sunset, and White Water Views from this large Oceanfront Property. The home has 2 Master Bedrooms on the ground Floor and an additional Bedroom on the 2nd Floor. The Living Space is on the 2nd floor elevated over the Beach and offers magnificent Views. Front Patio as well as front and rear Decks / Balconies. Vaulted Ceilings, Stainless Appliances, Vinyl Dual Pane Windows, Recessed Lighting, and Security System. Additionally, the property has a second Unit that offers an additional 2 Bedrooms and a Full-Bath with its own separate living Quarters and Kitchen. Rear Unit also has its own Ocean View. RARE 4 car garage with plenty of storage space. Oversized lot with large side yard at rear for possible Golf Cart Parking. Property has been well maintained and is in exceptional condition. Excellent Value one of the best priced Properties on the Oceanfront.

Venice, 615 6TH Avenue

Price: $4,490,000
Units Total: 2
Lot Size: 5,670
Living Area: 0
Year Built: 1912
Parking: 0
Days on Market: 78
Description: Best Value in Venice! Silicon Beach Architectural Duplex in over 6700 sq.ft. 2 Architectural homes on 1 lot. Don’t miss this exceptional investment opportunity. Live in one home and rent the other, or use as a state-of-the-art family compound or live / work space! Expansive 16 foot ceilings provide an ethereal, light filled atmosphere. Both units feature custom built European-style chef’s kitchens with Vivid White Waterfall Caesarstone counters, double ovens including: French steam ovens, 5 burner stoves, and large pantry space. Ample master suites feature extra-large walk-in closets and beautifully appointed custom bathrooms. Other amenities included: multiple outdoor living spaces, 6 car garage parking. Property is situated on a large lot and qualifies for small lot subdivision / condo conversion making separate ownership possible.

Los Angeles, 5937 Avalon Boulevard

Price: $4,450,000
Units Total: 31
Lot Size: 16,284
Living Area: 28,648
Year Built: 1920
Parking: 10
Days on Market: 46
Description: This building is a 2 story walk up with 4 stairways located on 59th St, Avalon and the rear of the building. The unit mix is comprised of 9-One bedroom / one bath, 13-Studios, and 9-commercial units. Due do the age of the property it is subject to rent control for the apartments. Utilities are separately metered for gas and electricity. The building rents out the 10 parking spaces in the rear to the tenants. There is a long term lease of the parking lot which owner pays the neighboring property. There is a laundry room for tenants to use that generates income and a leasing office that can be use for collection of rents and management. Parts of the building was updated in the last 10 years. This 31 unit mixed use building is 28,648 sq.ft. The property is ideally situated just south of the downtown business district and east of the 110 freeway. As market conditions continue to improve, the property will allow for rental increases for both the apartments and the commercial spaces. There is currently a mortgage balance of approximately $2,000,000 at a rate of 4.3%. This loan is assumable. Must qualify with bank. Do not walk or enter property without prior consent.

Santa Monica, 1434 Berkeley Street

Price: $4,415,000
Units Total: 7
Lot Size: 7,807
Living Area: 8,390
Year Built: 1964
Parking: 11
Days on Market: 1
Description: Charming 2 story 7 unit townhouse style apartment building. The building consists of one 1 bed / 1.5 bath, five 2 bed / 1.5 bath and one 3 bed / 2.5 bath; on-site parking for tenants. The current rents provide a significant upside for investors. THE UNDERGROUND PARKING / STORAGE and UNIT 7 CAN BE DELIVERED VACANT. Please do not disturb the tenants.

North Hills, 15004 NORDHOFF Street

Price: $4,400,000
Units Total: 15
Lot Size: 23,495
Living Area: 14,790
Year Built: 1988
Parking: Yes
Days on Market: 196
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.