Residential Income, California | Page 4 -001-11-30T00:00:00-08:00
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Van Nuys, 13823 Sherman Way

Price: $5,799,000
Units Total: 16
Lot Size: 13,769
Living Area: 16,224
Year Built: 2005
Parking: Yes
Days on Market: 82
Description: Incredible investment opportunity in Van Nuys! This is your chance to own this fully occupied 16 unit apartment building. Each unit is 2 bedrooms and 2 1/2 bathrooms with 2 parking spaces assigned in the gated community garage. Each unit has it’s own private balcony, central A / C and heat. The complex has a community laundry room generating income and an outdoor seating area! The complex is conveniently located minutes away from Ralphs, Rite Aid, McDonald’s, and lost of shops and restaurants!

Santa Monica, 941 10TH Street

Price: $5,766,000
Units Total: 9
Lot Size: 7,523
Living Area: 8,738
Year Built: 1965
Parking: 11
Days on Market: 116
Description: 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 balcony 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. All 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. Potential for added. Pride of Ownership building.

2118 Griffith Park Boulevard

Price: $5,700,000
Units Total: 10
Lot Size: 16,359
Living Area: 6,246
Year Built: 1941
Parking: 11
Days on Market: 105
Description: 2118-2134 Griffith Park Blvd is a 10-unit apartment property located in the gentrifying city of Silver Lake a sub-market of Los Angeles, California. The single story apartment community made up of three separate parcels was built in 1941 and 1953 and consists of 10 apartment homes totaling 6,246 sq. Ft. The property features a unit mix of 1 bedroom and 1 bath apartment homes with very functional layouts and patio spaces that serve as an extension of the interior space. The owner’s units have tremendous outside space and provide the feeling of being in a home.

8200 De Longpre Avenue

Price: $5,600,000
Units Total: 10
Lot Size: 9,947
Living Area: 9,260
Year Built: 1951
Parking: 15
Days on Market: 28
Description: FIRST TIME FOR SALE IN 50 YEARS! THE HERSHBERG RESIDENCES HAVE BEEN PASSED DOWN FROM GENERATION TO GENERATION. WELL SITUATED JUST ABOVE FOUNTAIN AVENUE AND JUST BELOW SUNSET BLVD. IN A PRESTIGIOUS HISTORICAL AREA. WONDERFUL FLOOR PLANS THAT DISPLAYS THE ELEGANCE OF THE PAST, WITH SOME MODERN UPDATES AND SERENE VIEWS TO MATCH. SURROUNDED BY NEW UPSCALE RESIDENTIAL APARTMENTS, CONDOS AND TOWNHOUSES THAT RENT FOR $4,995 TO $5,200 AND MORE PER MONTH. UPDATE TO YOUR TASTE OR TEAR DOWN, BUILD MORE UNITS AND USE YOUR IMAGINATION TO CREATE A NEW STANDARD. THE CITY MAY ALLOW UP TO 17 UNITS IF 20% ARE AFFORDABLES. EXCELLENT EXCELLENT EXCELLENT LOCATION. THIS IS A ONCE IN A LIFETIME OPPORTUNITY. . TO OWN THIS APARTMENT COMMUNITY IN A ONE OF A KIND LOCATION. THIS AREA HAS ONE OF THE HIGHEST VALUES IN THE NATION. DON’T MISS OUT. MOST APARTMENT HOUSES IN THIS AREA NEVER BECOME AVAILABLE. Market Value at a 3% cap rate is 7,068,600.

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: 147
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.

Panorama City, 14732 BLYTHE Street

Price: $5,550,000
Units Total: 27
Lot Size: 27,600
Living Area: 26,670
Year Built: 1962
Parking: 0
Days on Market: 29
Description: This 27 unit building on Blythe is an opportunity for a new investor to acquire a property in a dense North Los Angeles location with tremendous value-add potential. The current ownership has begun a unit interior renovation program to unlock the income potential. To date, 5 of the 27 units or approximately 18.5% of the units have been renovated under this program and 40% rent upside remains to be captured through further unit renovations. Further, the potential for income generation continues to improve with average rents for two bedroom units exceeding $1,800 per month in the submarket. A new investor can simply follow the blueprint laid out by the current owners to capture the upside and increase the net operating income of the property. —- All Two and Three Bedroom Units* Building Size of 26,670 Square Feet* Current Owners have Renovated 5 of the Units realizing premiums of 40% to in-place rents and 44% average return on costs* Currently 100% Occupied*

Inglewood, 2700 West MANCHESTER

Price: $5,500,000
Units Total: 1
Lot Size: 22,212
Living Area: 13,166
Year Built: 1958
Parking: 0
Days on Market: 111
Description: Currently 100% leased at $34,400 per month, 13,166 sq. Ft. 3-story building on 22,211 of land Includes parking lot for approx. 30 vehicles Excellent location close to Downtown Los AngelesPossible multi-family redevelopment opportunity

967 South MANHATTAN Place

Price: $5,500,000
Units Total: 12
Lot Size: 9,373
Living Area: 9,705
Year Built: 1990
Description: Fantastic investment Opportunity! Modern 12-unit apartment located on Olympic Blvd, the center of Korean Town. No rent control, condo-style apartment built in 1990. All units are floor-to-ceiling with 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 great view of the city. Each unit 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 Koreatown. It is in the center of Koreatown with large shopping centers, restaurants, banks, and professional offices. The current owner is the original owner and original builder of the units. Next to a large lot with plans to build more than 100 units of luxury condominiums in the near future, this property has been listed on market first time in 27 years.

Los Angeles, 4319 Toland Way

Price: $5,500,000
Units Total: 17
Lot Size: 20,813
Living Area: 15,888
Year Built: 1965
Parking: 18
Days on Market: 20
Description: Toland Garden is a 17-unit very well-maintained apartment community in Eagle Rock area of the City of Los Angeles, California. The property is an attractive low-rise garden style apartment community and consists of 2 buildings that are situated on a large 20,813 square foot lot. The property offers a rare opportunity for investor to acquire a well-maintained apartment in a rapidly gentrifying area with many new developments nearby and almost no inventory of apartments for sale in the neighborhood. This rare investment offering is suitable for an owner-user who can use the front house, a 1031 exchange buyer, or a sophisticated investor that can take this property to the next level. The front building is a 2-bedrooms and 1-bathroom single family house that was built in 1921. The back building is a two-story 16-unit apartment that was built in 1965. The apartment consists of one (1) 3-bedrooms + 1.5-bathroom townhouse style, six (6) 2-bedrooms + 1.5-bathroom townhouse style, eight (8) 2-bedrooms + 1-bathroom, and one (1) 1-bedroom + 1.5-bathroom townhouse style units. Each unit is large and bright with good layout, separately metered for electricity and gas. Each unit has individual laundry-hookups and upgraded units have washer and dryer.

Newport Beach, 2110 West Oceanfront

Price: $5,495,000
Units Total: 4
Lot Size: 3,920
Living Area: 4,000
Year Built: 1925
Parking: 4
Days on Market: 28
Description: This is a rare gem centrally located on the W. Oceanfront Peninsula. This masterpiece has unobstructed ocean views to Catalina, the pier and beyond. The surf, pier, five star restaraunts and hotels are all at your reach. A total of Four Units and all long term tenants. Rents are below market. Two retail units downstairs, two income residential properties upstairs, 4 parking spaces including a one car garage and a caged in storage area. You canT beat this Oceanfront location it is rare and it exemplifies LOCATION. The residential units are each 3 bedroom and two baths. Property was renovated in 2005 and could certainly use an update. Get creative and make great rent from upstairs. Listen to the crashing waves and enjoy the magnificent sunset views from this amazing property.

Los Angeles, 3710 GLENDON Avenue

Price: $5,400,000
Units Total: 11
Lot Size: 16,305
Parking: Yes
Days on Market: 39
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.

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: 25
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.

Los Angeles, 3094 San Marino Street

Price: $5,390,000
Units Total: 2
Lot Size: 17,717
Living Area: 8,641
Year Built: 1922
Parking: 2
Days on Market: 125
Description: Location, Location, Location! Beautiful Redevelopment opportunity with 3 adjacent lots in the middle of Koreatown. They are 3094 San Marino Street (Duplex), 3100 San Marino Street (Duplex) and 3106 San Marino Street (6units). Total lot size is 17,717 sq.ft. They are zoned R4-1.3094 San Marino and 3106 San Marino are fully tenant occupied. Owner and tenant share the house in the other duplex. They should be sold ‘AS-IS’ in its present condition. Buyer has to verify all information and permits to their own satisfaction and rely on their own findings. Please do not walk the premises and do not contact the tenants. These properties are also for sale in Land section as Listing ID PW18036044

Sherman Oaks, 4231 Allott Avenue

Price: $5,360,000
Units Total: 4
Lot Size: 10,956
Living Area: 0
Year Built: 2009
Days on Market: 104
Description: Opportunity to own coveted south of Ventura Blvd. Residential townhomes. These four homes are designed with a startling and uncommon sense of a luxury single-family residence. Close to everything including the desirable Dixie Canyon Elementary school, each residence has an impressive 4,000 sq.ft of living space with a four-car garage. On a leafy street near array of lovely homes in this gorgeous neighborhood. Acclaimed builders attended to every detail. The open kitchen and modern floor plan is great for entertaining. Live in one or more of the residences, while realizing potential income from the other residences in this high demand area.

Santa Monica, 1753 9TH Street

Price: $5,280,000
Units Total: 7
Lot Size: 7,532
Living Area: 6,566
Year Built: 1987
Days on Market: 1
Description: Central Realty Advisors is 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”.

702 South ST ANDREWS Place

Price: $5,275,000
Units Total: 16
Lot Size: 9,352
Living Area: 10,082
Year Built: 1957
Parking: 8
Days on Market: 28
Description: 702 S. St. Andrews Place is a fully renovated 16-unit investment opportunity located in the highly desirable Koreatown submarket. The Subject Property is a striking two-story structure that has recently undergone a full interior and exterior renovation in 2017. The Property has a total unit mix of eight one bedroom one bath units and eight studios, boasting open and spacious floor plans. All of the 16 units have been immaculately renovated with luxury modern finishes which include: new kitchen cabinets, modern countertops and backsplashes, stainless steel appliances, new laminate flooring, new bathtubs, new vanities, designer interior doors, modern closets with new interior systems, modern bathroom vanities and fixtures, and new AC units and heaters. Additionally, five of the units are equipped with in-unit washer and dryers. The exterior and building upgrades include a new roof, copper plumbing, electrical upgrades, landscaping with a drip system, and new exterior paint.

1214 North CLARK Street

Price: $5,275,000
Units Total: 12
Lot Size: 6,704
Living Area: 11,274
Year Built: 1963
Parking: Yes
Days on Market: 56
Description: Prime N. Of Sunset location, units with city views. Most units have been renovated. Elevator, A / C. Significant upside in rents. 17 x gross with existing rents; 11.9 x gross with rents at market. 3.7% Cap with existing rents; 6.1% Cap with rents at market.

Santa Monica, 301 ASHLAND Avenue

Price: $5,250,000
Units Total: 9
Lot Size: 7,727
Living Area: 7,424
Year Built: 1960
Parking: Yes
Days on Market: 40
Description: $675,000 TOTAL PRICE REDUCTION! Unbelievable opportunity. 301 Ashland Avenue is an excellent opportunity to acquire a true pride of ownership property in one of the best rental locations in prime Santa Monica. Walking distance to the heart of Main Street and the Ocean, the property was built in 1960, and there is massive rental upside. The 9 unit building boasts a great unit mix consisting of Five large 2 bedrooms and Four 1 bedroom units, each with a dynamite floorplan flooded with natural light. Other unit features include hardwood floors, private balconies, and ocean views (select units). SEVEN units will be delivered VACANT at the close of escrow, which will create an extraordinary opportunity for a Buyer to capitalize on immediate upside or create a beautiful family compound walking distance to the beach. Additional property features include an on-site laundry room and ample resident and guest parking with 18 total spaces.

Glendale, 1303 North Brand Boulevard

Price: $5,250,000
Units Total: 10
Lot Size: 11,700
Living Area: 11,962
Year Built: 1956
Parking: 0
Days on Market: 8
Description: Large 10 unit building, all 2 bedrooms and 1 3/4 baths, many with central air conditioning and heating. Nearly 12,000 sq.ft of building with owner storage room. Parking for 10 cars in tuck-under spaces. Below market rents with plenty of upside potential. One (1) block to grocery, coffee and other retail and restaurants. See investment detail and unit photos on external attachment.

Los Angeles, 1200 West 29TH Street

Price: $5,200,000
Units Total: 4
Lot Size: 9,576
Living Area: 6,607
Year Built: 2001
Parking: Yes
Days on Market: 4
Description: We are pleased to offer for sale this nineteen (19) bedroom student housing investment opportunity located at 1200 W. 29th Street, just a short distance from the internationally renowned University of Southern California (USC). This two-story building, consisting of two separate structures, was constructed of wood frame and stucco on a raised foundation built in 1898/2001 with a square footage of 6,607 on a 9,576-square foot lot. The subject property represents a very desirable asset in the supply-constrained USC submarket, and has been reinforced and upgraded in compliance with the latest city codes and regulations. The property consists of four (4) townhouses with a remarkable unit mix, comprised of one (1) 5 + 2.5, one (1) 6 + 3.5, and two (2) 4 + lofts + 3.5 units. The investment boasts spacious floor plans, an on-site laundry room for additional income, ten (10) on-site parking spaces, new copper plumbing, recently painted, and individually metered for gas and electricity.

Thermal, 69245 Polk Street

Price: $5,200,000
Units Total: 3
Lot Size: 6,272,640
Living Area: 1,600
Parking: 0
Days on Market: 154
Description: The Brown Date Garden has been a flourishing farm since the 1930’s. A one of a kind fully functioning date and citrus ranch that is a total of almost 144 acres, 57.8 on the west side of old Hwy 86 and 86.5 on the east side. The owner has spent the last five years eliminating old trees and replanting for future profit. There are numerus new trees and several acres of various Certified Organic fruit and Medjool Dates. The property includes a packing and distribution facility, four wells, two machine shops and cold storage, and a three-bedroom home. Date trees include Medjool, Barhee, Deglet Noor and Zagloo. Citrus trees include Minneola Tangelo, Sweet Lime, Grapefruit (White, Ruby, Rio Red), Lemon and Blood Orange. The potential for profit is huge with the investments and improvements made over the past five years. APN #’s 751-290-004,014,015 and 016 and 751-280-012 and 015 are all included. Trucks and equipment are negotiable outside of escrow.

San Gabriel, 817 Padilla Street

Price: $5,170,000
Units Total: 13
Lot Size: 17,967
Living Area: 12,558
Year Built: 1983
Parking: 2
Days on Market: 12
Description: Coldwell Banker Hallmark is proud to present this 13-unit Apartment in the desirable area, City of San Gabriel, California. And #9679; This offering presents a rare opportunity for investor to acquire a well located, Non-rent-controlled, partially upgraded apartment and #9679; Built in 1983, and #9679; Comprise of all 2-bedroom 2-bathroom units and #9679; Each unit is separately metered for electricity and separate gas meter and #9679; 4 Newer Central Air Conditioning and #9679; Each unit has assigned side by side 2-car garage with remote control and storage inside garage and #9679; Amenities include and Elevator and Laundry facility (Owner own) and #9679; Private balcony for each unit and #9679; Tile floors, Vinyl floors and Laminate floors and #9679; Separate Dining area and #9679; Dishwasher and microwave and #9679; Walk-In Closet and #9679; Elevator and #9679; Most tenants are on month-to-month. Low vacancy history and #9679; Upgraded kitchen with granite counter top

San Pedro, 654 West 12th Street

Price: $5,150,000
Units Total: 24
Lot Size: 13,503
Living Area: 15,934
Year Built: 1985
Parking: 24
Days on Market: 27
Description: BRING YOUR REASONABLE OFFERS! Owners have found their Upleg. **San Pedro is currently experiencing a massive revitalization. There has been a recent injection of significant capital into the area from private and public sources. Some of the improvements taking shape currently include SpaceX Big Falcon Rocket development and manufacturing facility on Terminal Island and the redevelopment of Ports O’Call Public Marketplace. The Harbor Blvd. Roadway Improvement Project is expected to be complete in 2018 at a total project cost of $14.8 million, paid by the Port of Los Angeles, including $4.9 million in grant funding from Los Angeles County Metropolitan Transportation Authority (Metro). ** Beautiful, well maintained building just minutes from the ocean. Nice, clean grounds. Very low vacancy rate. Newer building with 20 1 bdrm units and 4 studios. Fourteen units have balconies and many units have been completely or partially upgraded. Some top floor units have ocean views and some have views of the Vincent Thomas Bridge. Twenty-two garage parking spaces and overhead storage units. Four additional exterior gated parking spaces. Laundry facilities on each floor. Gated and secure building with cameras. Recent Health Department Inspection Report – No violations. Close to the beach, Pt. Fermin, Von’s Market, and Starbuck’s. Near Ports-O-Call which is undergoing a $150 million redevelopment. Walk Score of 87. Pride of Ownership Building.

Santa Monica, 827 18TH Street

Price: $5,100,000
Units Total: 11
Lot Size: 8,001
Living Area: 8,406
Year Built: 1959
Parking: Yes
Days on Market: 102
Description: Two separate parcels, side by side! Must be sold together! We are pleased to offer this eleven unit apartment complex, consisting of two separate parcels in Santa Monica. 823 18th St. – 5 units and 827 18th St. – 6 units! Half a block south of Montana, this property is great unit mix consisting of 1 – 3bd / 2.75ba; 6 – 2bd / 2ba; 3 – 2bd / 1ba; and 1 – 1bd / 1ba. Multiple units have decks, fire places, and dishwashers. Unit 827 A has its own private yard and storage area; many units on the 827 side have private patios or balconies. Property Information: 823 18th St. – 5 Units; Year Built: 1948; Lot Size: ~ 7,099 sq.ft.; Zoning: SMR2; APN: 4277-008-064 Property Information: 827 18th St. – 6 Units; Year Built: 1959; Lot Size: ~8,001 sq.ft.; Zoning: SMR2; APN: 4277-008-065