Residential Income, California | Page 4 -001-11-30T00:00:00-08:00
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Los Angeles, 1722 GARFIELD Place

Price: $6,250,000
Units Total: 24
Lot Size: 9,500
Living Area: 14,312
Year Built: 1924
Parking: 0
Days on Market: 70
Description: Situated in the heart of the Historic Hollywood Studio District, Garfield is located just one block away from Hollywood Blvd and within three blocks from the LA Metro Station off Hollywood and Western. 1722 Garfield Place is located in a booming neighborhood of Hollywood. The building offers an excellent unit mix of studios, one-bedroom, and two-bedroom apartments. The units consist of seven (7) studios, twelve (12) one-bedroom, and five (5) two-bedroom units (select units include a washer and dryer). The property has a secured entry, on-site laundry, and a backyard patio. Apartments come with great features like a fully equipped kitchen, hardwood floors, and ceiling fans. 1722 Garfield offers a value-add opportunity as 14 units have been renovated – 4 units by the current owner and 10 units by the previous owner. This property is easily accessible to other neighborhoods like Studio City, Los Feliz, Glendale, Koreatown, West Hollywood, and Silver Lake.

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: 246
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.

Venice, 3011 OCEAN FRONT Walk

Price: $6,200,000
Units Total: 5
Lot Size: 2,518
Living Area: 2,300
Year Built: 1965
Parking: Yes
Days on Market: 64
Description: AMAZING DEVELOPMENT OPPORTUNITY LOCATED ON THE BEACH IN FAMOUS VENICE. All units will be delivered vacant at close of escrow! Zoned for mixed use (commercial, residential). Upon request, seller has architectural plans for a single family house, which has passed city planning and only has coastal commission to go. The beach, the restaurants and the tremendous upside potential will make this a property that will move fast. Buyer to do their own due dlligence regarding development possibilities. Now is the chance to own 5 minutes from Muscle Beach and in a thriving Silicon Beach community!

Downey, 11638 BELLFLOWER Boulevard

Price: $6,200,000
Units Total: 26
Lot Size: 24,552
Living Area: 18,802
Year Built: 1961
Parking: Yes
Days on Market: 48
Description:

West Hollywood, 1001 Hammond Street

Price: $5,999,999
Units Total: 12
Lot Size: 6,983
Living Area: 9,072
Year Built: 1956
Parking: 12
Days on Market: 207
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, 14731 Burbank

Price: $5,995,000
Units Total: 38
Lot Size: 38,906
Living Area: 40,509
Year Built: 2018
Parking: 73
Days on Market: 38
Description: RARE 38 UNIT DEVELOPMENT OPPORTUNITY WITH PLANS COMPLETED AND PERMITS ISSUED. Burbank Apartments is a luxury ultra contemporary modern three-story “corner to corner” residential development designed to attract the modern day demographic who want to live in the buildings of the future. With 38 units total, ranging from 1 Bed / 1 Bath to 3 Bed / 2 Bath, the building seeks to offer a comfortable and unique home to its residents. Its open space courtyard with an elevated platform serves as a ‘walk in the forest’ social hub. It provides privacy and security from outside the building as well as more sunlight to reach the residences interiors. Apart from this communal courtyard, each unit is given their own private balcony space and immediate exterior access. Burbank Apartment also includes ground floor vehicle and bicycle parking, in-unit washer / dryer, a communal recreation room and a lavish landscaped outdoor area. The footprint of the building is designed around existing trees which will shape a communal space for residence and the local community. The planters around the development act as a buffer for air pollution and noise pollution from the density of its location. Burbank Apartments also contributes to sustainable development by providing solar power and rainwater retention with storage and irrigation system. Unit mix: 6 (1 + 1) 2 (2 + 1) 20 (2 + 2) and 10 (3 + 2) 73 Parking spaces (64 Tandem 9 single) 38 Bicycle parking. Currently its flat land.

Los Angeles, 828 Venice Boulevard

Price: $5,995,000
Units Total: 9
Lot Size: 7,625
Living Area: 0
Parking: Yes
Days on Market: 28
Description: Entitled development project for 3 story, 9-unit concrete building. Units are 2 bedroom 2.5 bath ranging in size from 750 to 845 ft. Project is on a prime corner lot with excellent visiblity, street frontage and alley access. Do not enter property or disturb tenants.

1226 HAVENHURST Drive

Price: $5,990,000
Units Total: 13
Lot Size: 15,174
Living Area: 13,798
Year Built: 1927
Parking: Yes
Days on Market: 77
Description: SPANISH COLONIAL REVIVAL / 13-UNITS located on an A + West Hollywood street. Rare offering in both location and architecturalsignificance allows the astute investor both capital preservation certainty plus a clear path for long term wealth appreciation. LOCATED less than 500 ft north of Santa Monica Blvd. Near corner of Crescent Heights Blvd. UNIT COMPOSITION features ALL 1 Bedroom – 1 Bathroom units. Parking for 13 Vehicles. Solid current income metrics with long term upside.

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: 173
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.

544 Saint Andrews Place

Price: $5,950,000
Units Total: 24
Lot Size: 9,016
Living Area: 21,558
Year Built: 1971
Parking: 25
Days on Market: 83
Description: Great value and opportunity in Koreatown and Hancock Park adjacent.

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: 91
Description:

1349 North MARTEL Avenue

Price: $5,950,000
Units Total: 16
Lot Size: 14,106
Living Area: 12,080
Year Built: 1960
Parking: Yes
Days on Market: 28
Description: For sale is two eight-unit, side by side buildings (16 units) located at 1343-1349 North Martel Avenue in Los Angeles, California. Built in 1960, each of the buildings consists of six one-bedroom / one-bath units and two two-bedroom / one-bath units for a total of twelve 1 + 1’s and four 2 + 1’s. The total building area is 12,080 sq.ft situated on a 13,940 square-foot double-lot. Fourteen of the sixteen units have been remodeled beautifully, including washers and dryers in most of them. Additionally, there is plenty of onsite parking for the tenants, with almost 2 tandem spaces available for each units. With a 4.5% going in cap rate, and only a 14.5x gross rent multiplier, this is an amazing opportunity relative to other properties for sale in the area. Existing Loan w / Chase can be assumed – UPB: ~ $2,950,000 with SIGNIFICANTLY BELOW-MARKET INTEREST RATE OF 3.86% FIXED thru 03-01-23

153 South BEDFORD Drive

Price: $5,950,000
Units Total: 7
Lot Size: 8,103
Living Area: 8,300
Year Built: 1938
Parking: Yes
Days on Market: 25
Description: Irreplaceable Beverly Hills location. One block from Saks Fifth Avenue in Beverly Hills Golden Triangle. This generational property features a huge 8100 square foot lot. Exceptionally large Spanish style units with original moldings and refinished hardwood floors feature central air conditioning, new kitchens, and renovated baths, and fireplaces. All new electric, plumbing, interior / exterior paint, and sewer line. This property may be purchased separately or as part of a portfolio with 1220 S. Shenandoah Avenue, Los Angeles and 1119 S. Rexford Drive, Los Angeles.

10101 SANTA GERTRUDES Avenue

Price: $5,850,000
Units Total: 21
Lot Size: 21,959
Living Area: 17,732
Year Built: 1961
Parking: Yes
Days on Market: 58
Description: Incorporated Whittier- Not currently subject to rent control or current rental freeze.

Los Angeles, 4122 GRAND VIEW

Price: $5,850,000
Units Total: 20
Lot Size: 20,014
Living Area: 14,174
Year Built: 1959
Parking: Yes
Days on Market: 13
Description: 4122 South Grand View Boulevard is a 20-unit, garden-style apartment community located in the Mar Vista neighborhood of Los Angeles, California, six miles southeast of the Santa Monica Pier. Built in 1959, the two-story, wood-frame constructed building features a stucco exterior with wood and stone accents and a pitched roof with composition shingles. Situated on approximately 0.46 acres of land with approximately 14,174 sq.ft of rentable space, 4122 South Grand View Boulevard contains a unit mix comprised of nine one-bedroom units spanning approximately 600 sq.ft each and 11 two-bedroom units measuring approximately 800 sq.ft each, with an average unit size of approximately 710 sq.ft. The property is beautifully landscaped with mature shade trees and trimmed shrubs and bushes along its exterior. Community amenities include a laundry room and gated / controlled access.

Santa Monica, 941 10TH Street

Price: $5,800,000
Units Total: 9
Lot Size: 7,523
Living Area: 8,738
Year Built: 1965
Parking: Yes
Days on Market: 29
Description: 55% VACANT BUILDING Great Unit mix. THREE OF FIVE TOWNHOMES, TWO BEDROOM FRONT GARDEN UNIT AND STUDIO UNIT TO BE DELIVERED VACANT. Building mix is Five Townhome Style units, two two bedroom front units and two studio units. Prime Santa Monica Location. North of Wilshire. 9 Units great mix. Two front units (2BD + 1.75 BTH) with private garden for lower unit. Five townhouse style units (2 BD + 1.5BTH) all with an upper and lower balconies and Two studio units. Many units have been upgraded with new kitchens and hardwood floors. Large bright units with desirable floorplans. 11 subterranean parking spaces and onsite laundry for added income. Ll units separately metered for electric and gas. New roof installed in 2017. Located 10 blocks from the beach, convenient to shops and restaurants on Montana Avenue and Wilshire. Pride of Ownership building.

Pasadena, 437 North Chester Avenue

Price: $5,790,000
Units Total: 17
Lot Size: 15,012
Living Area: 13,368
Year Built: 1989
Parking: 26
Days on Market: 84
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

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: 152
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.

Rosemead, 9307 Ramona Boulevard

Price: $5,749,000
Units Total: 18
Lot Size: 38,397
Living Area: 17,578
Year Built: 1986
Parking: 0
Days on Market: 143
Description: Submit Offers Today! 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, 1965 WILCOX Avenue

Price: $5,600,000
Units Total: 16
Lot Size: 13,164
Living Area: 14,628
Year Built: 1926
Parking: Yes
Days on Market: 58
Description: ** First Time on Market Since 2001** High Renter / Investor Demand HOLLYWOOD HILLS Location ** Excellent Unit Mix of 12 One-Bedroom and 4 Two-Bedroom ** Separately Metered for Gas, Electricity and Hot Water ** Recent Upgrades to Most Units and Common Areas** PRICED TO SELL

1412 North Kingsley Drive

Price: $5,600,000
Units Total: 30
Lot Size: 8,486
Living Area: 18,645
Year Built: 1928
Parking: 0
Days on Market: 141
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. Possible Assumption of Existing loan at favorable rate.

1701 West Balboa Boulevard

Price: $5,600,000
Units Total: 10
Lot Size: 5,227
Living Area: 7,552
Year Built: 1948
Parking: 9
Days on Market: 62
Description: RARE, DOUBLE LOT with 10 units and only 25 yards away to the Pacific Ocean on Balboa Peninsula. Unit mix consists of the following: one 4 bed 2 bath (has ocean views), one 2 bed 1 baths, three 1 bed 1 baths, 5 studios, and there are 10 separate garages. Professional Property Management company handling property with rents of approximately $22,630 per month, this could be enhanced if new owner decides to turn property into weekly vacation rentals as well as raising rents. All units are upgraded and updated with new kitchens and all have wood floors. Seller states the city of Newport Beach is open to having 7-10 condos built on the land itself thus giving an amazing opportunity for Investors, please check with City of Newport Beach.

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: 324
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: 87
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. Title show building size 15,282sq