Residential Income, California | Page 4 -001-11-30T00:00:00-08:00
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Redondo Beach, 508 ESPLANADE

Price: $4,200,000
Units Total: 6
Lot Size: 6,410
Living Area: 4,780
Year Built: 1963
Parking: 6
Days on Market: 155
Description: -Outstanding A + South Redondo Beach Location on the Renown Esplanade – Steps from the Pacific Ocean -Large 6,351-SF Lot, Prime for Development – 3-Unit Town-Home Site -Legacy Property that has Not Changed Ownership in Decades. Generational Asset that has Commanded Strong Historical Appreciation -Located Next to Redondo Beach Proposed Water Front Project -Consists of (1) 2-Bed / 1.75-Bath Owner’s Unit, (1) 3-Bed / 2-Bath Unit, and (4) 1-Bed / 1-Bath Units -Large 2-Bedroom / 1.75-Bathroom Owner’s Unit with Private Deck and Fireplace -Ample Parking with Garage Parking Plus One Tandem Space for Each Unit -Non-Rent Controlled Asset with Over 42% in Immediate Rental Upside

Burbank, 2317 North Frederic Street

Price: $4,200,000
Units Total: 16
Lot Size: 14,773
Living Area: 9,092
Year Built: 1951
Parking: 0
Days on Market: 345
Description: Drive by and see this very well maintained Sixteen (16) Unit apartment building in the city of Burbank, CA. This is a great opportunity for a motivated buyer and investor. This fully occupied apartment building with prompt paying tenants is composed of fourteen (14) one bedroom units and there are two independent houses at 2717 and 2719 Fredric St. Both offer two Bedrooms with sufficient parking for all units with common laundry facility. Please do not disturb the tenants. Drive by only.

1376 North SERRANO Avenue

Price: $4,200,000
Units Total: 14
Lot Size: 8,705
Living Area: 9,042
Year Built: 1958
Parking: 18
Days on Market: 855
Description: Serrano Apartments located in the heart of Hollywood. Upside potential, the building consists of 14 total units. 12 large one bedrooms / one bathroom and 2 two bedrooms / one bathroom. The building has undergone many recent upgrades including cooper plumbing, some units with granite counter tops and new flooring, etc. Building offers a total 9 gated parking spaces along with its own laundry onsite facility for the tenants to enjoy.

Los Angeles, 1818 Whitley Avenue

Price: $4,150,000
Units Total: 20
Lot Size: 9,301
Living Area: 12,232
Year Built: 1923
Parking: Yes
Days on Market: 5
Description: This 20-Unit apartment building consists of 15-studio apartment units and 5 one bedroom units. 17 out of the 20 total unit have been remodeled, 3 units are original. This apartment building is 12,232 sq. Ft. On a 9,301 sg. Ft. Lot. Located in the heart of classic Hollywood, near historic landmarks such as Hollywood / Highland, Kodak Theater, Hollywood Bowl, El Capitan Theater, Chinese Theater, Franklin Village, The Metro Line and shops and restaurants.

Santa Monica, 1434 Berkeley Street

Price: $4,150,000
Units Total: 7
Lot Size: 7,807
Living Area: 8,390
Year Built: 1964
Parking: 11
Days on Market: 117
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. Please do not disturb the tenants.

1309 East Appleton Street

Price: $4,100,000
Units Total: 12
Lot Size: 8,276
Living Area: 9,288
Year Built: 1957
Parking: 6
Days on Market: 27
Description: 1309 East Appleton Street is a 12-unit multifamily investment property centrally located in the Alamitos Beach neighborhood of Long Beach, California. The property enjoys easy access to Pacific Coast Highway and California State Route 710, as well as, restaurants, theaters, and entertainment venues. Situated on a 0.19-acre lot, the 9,288 square foot property consists of one-bedroom and two-bedroom floor plans averaging 774 sq.ft. Built in 1957 and renovated in 2017, the property offers an attractive range of in-unit upgrades such as new flooring, paint, and appliances. Common area amenities include garage parking, controlled keypad access, a community barbecue and more.

850 West El Repetto Drive

Price: $4,000,000
Units Total: 12
Lot Size: 17,028
Living Area: 10,776
Year Built: 1961
Parking: 20
Days on Market: 245
Description: Two buildings (#850 and #858) two parcels (5253-021-018 and 5253-021-017) side by side total 12-units apartment complex. Each building features two stories where downstairs has 3 units containing one 2/1.0 (850-A), one 1/1.0 (850-B), one 2/1.5 (850-C) and upstairs has another 3 units contains one 2/1.0 (850-D), one 1/1.0 (850-E), one 2/1.5 (860-F). The other building #858 is identical to #850 with reverse direction. Two buildings total living area is 10,776 sq.ft and two lots total size is 17,028 sq.ft. Some units features front patio / balcony / corridor. Window air conditioning in all units. 20 parking spaces where 1 bedroom tenant is assigned 1 open space and 2 bedrooms is assigned one carport plus one open space. Nice grassy courtyard in the middle of two buildings, spacious concrete parking area in back. Well maintained income properties. Convenient location easy access to Fwy 10,60 and 710. Close to schools, restaurants, banks, shops, transportation and several huge plazas. Property sold as is in its present condition. Drive by only.

11901 VALERIO Street

Price: $4,000,000
Units Total: 18
Lot Size: 26,270
Living Area: 11,316
Year Built: 1990
Parking: Yes
Days on Market: 76
Description: Non Rent Control with Immediate Upside18-Unit Non-Rent Control Asset in North Hollywood~ 1990 Construction, Two Separate Structures~ Corner Property with Large Frontage on Two Streets, Valerio and Radford Avenue~ Potential Upside in Rents to a 6.10% Cap Rate~ Additional Income from 16 Storage Units~ Excellent Unit Mix of Two Two-Bedroom / Two-Bath Units, Ten Two-Bedroom / One-Bath Units, and Six One-Bedroom / One-Bath Units; 40 Gated Parking Spaces~ Low Density Project, Situated on Almost ½ Acre of land~ Strong Rental Market with Average Occupancy of 97 Percent~ Separately Metered for Gas and Electricity; Laundry on Site~ No Earthquake Retrofit Correction Required

Venice, 31 BREEZE Avenue

Price: $4,000,000
Units Total: 3
Lot Size: 3,550
Living Area: 3,550
Year Built: 1910
Parking: Yes
Days on Market: 99
Description: INVESTMENT OPPORTUNITY ON fantastic Breeze Ave. Is a beach walk-street 1 block south of Brooks, west of Pacific, east of Speedway, 1/2 block from the sandy beach. Come see this rare one-of-a-kind Vintage Venice Treasure delivered VACANT. YES I said. VACANT. This incredible 1910 Tri-Plex on oversized beach walk street has been tastefully and extensively remodeled. NO EXPENSE SPARED. The main unit is the entire first floor with 3 generous bedrooms, 3 baths, powder room, den, living room, open kitchen, laundry, balcony and garden (wonderful owner / user). Second floor has 2 units. Unit 2, has 2 bedrooms, 2 baths, living room, dining area, open kitchen and laundry. Unit 3, has two bedrooms, 1 bath, powder, dining area, open kitchen and laundry. A MUST SEE. DESIGNER PERFECT, VACANT AND SO MANY POSSIBILITIES.

Glendale, 511 South VERDUGO Road

Price: $3,999,000
Units Total: 15
Lot Size: 12,425
Living Area: 9,721
Year Built: 1962
Parking: Yes
Days on Market: 313
Description: Well maintained building, owner owned Laundry room machines, Many units have wood floors, New insulated windows and stucco with permits, Separate meters for gas and electric, DVR rewrite security cameras on exterior, pride of ownership. City of Glendale no rent control

Los Angeles, 2205 VENICE

Price: $3,990,000
Units Total: 1
Lot Size: 7,466
Living Area: 7,500
Year Built: 1959
Parking: Yes
Days on Market: 26
Description: Two separate buildings on two continuous lot for sale. Address are 2205 Venice (49 rooms – used code: hotel, 7500 sq.ft) and 2215 Venice (11 rooms – used code: SFR, 2688 sq.ft). Both are being used for rent per room, monthly lease. They produce a good income (monthly gross income is around $28,000). The buyer will verify all permits and information. The properties are sold in current condition as is. Please do not disturb tenants.

1541 College View Drive

Price: $3,980,000
Units Total: 12
Lot Size: 16,402
Living Area: 11,712
Year Built: 1962
Parking: 18
Days on Market: 295
Description: Well maintained 12 unit apartment with beautiful landscaping. Brightwood Elementary School. Huge lot. 2 units 3 bedrooms, 10 units 2 bedrooms. 4 with 1.75 baths, 8 with 1.5 baths. Some units built with balcony. Some units with patio. 8 units are 2 story, like condo style. 11 Units with updated kitchen including new counter tops and cabinets. Gated parking with 18 carport spaces. Laundry room on site. One storage room. Very convenient location. Very close to East LA College, Shopping plaza, markets and restaurants. Easy access to FWY 60,14 minutes from downtown Los Angeles. 10 minutes from California State Los Angeles University. 17 minutes from University of Southern California. High desirable rental area. No rent control.

Newport Beach, 906 East Oceanfront

Price: $3,950,000
Units Total: 3
Lot Size: 3,920
Living Area: 3,255
Year Built: 1971
Parking: 3
Days on Market: 236
Description: Beautifully remodeled oceanfront triplex! White water, Ocean, Catalina Island views, spectacular sunset views. This property consists of three units with a total of 8 bedrooms and 5 baths, of 3200 total square feet on an oversized lot on the beach. Each unit shows like a dream with an open layout, neutral color palate and dedicated outdoor spaces with direct beach and ocean views, and mere steps from the beach. Amazing indoor / outdoor flow with sliding glass doors throughout, fireplaces for cozy evenings, spacious bedrooms and stylishly efficient kitchens with breakfast bar overlooking the dining area and sleek stainless appliances. There is plenty of potential for investors or a family looking to live in one and rent the two others for added income. Easy access to Marina Park, miles of great surfing beaches, bike trails, restaurants and shopping. Close to world famous surf spot, the Wedge, and one block from the Bay, Balboa and Balboa Island. This is a fantastic chance to own a vacation investment property at an excellent location.

941 South KENMORE Avenue

Price: $3,900,000
Units Total: 24
Lot Size: 6,664
Living Area: 13,365
Year Built: 1923
Parking: 0
Days on Market: 64
Description: The subject property is a three-story building consisting entirely of single units. Well located in a Korea-town area, within the Mid-Wilshire section of Los Angeles with a highly desirable rental area. The property offers the opportunity to raise rents and substantially increase revenue. The subject property has separate meters for gas and master meter for water and electric.

Los Angeles, 11703 Berendo Avenue

Price: $3,900,000
Units Total: 18
Lot Size: 12,681
Living Area: 12,240
Year Built: 1960
Parking: 24
Days on Market: 82
Description: This beautifully upgraded 18 units for sale are NO RENT CONTROLLED UNITS IN UNINCORPORATED AREA OF LOS ANGELES. Monthly Gross Rent $20,950.

Venice, 2011 OCEAN FRONT

Price: $3,900,000
Units Total: 2
Lot Size: 2,520
Living Area: 2,248
Year Built: 1959
Parking: Yes
Days on Market: 127
Description: A truly unique opportunity to own a Venice landmark on the world-famous Venice Beach Boardwalk. Currently operated as a Jodi Maroni’s Sausage Kingdom, this property is in one of the most highly concentrated foot traffic areas of Ocean Front Walk. The restaurant encompasses the entire first floor and includes a full kitchen with two walk ins and ample dry storage. The upstairs offers a quiet residence comprised of 2 bedrooms and 2 bathrooms with stunning ocean views. The space is currently owner occupied. This is a once in a life time opportunity that you do not want to miss out on!

Venice, 520 ANDALUSIA Avenue

Price: $3,875,000
Units Total: 8
Lot Size: 5,100
Living Area: 3,336
Year Built: 1921
Parking: Yes
Days on Market: 61
Description: Just Reduced! This beautifully maintained 8 unit compound is a rare find! Steps from Abbot Kinney with its famous dining (Gjelina, SaltAir, The Butcher’s Daughter) and world-class shopping, you’re also just a few blocks from the world famous Venice Beach. Nestled around a central courtyard, each of the eight units are flooded with natural light, well appointed, and in the heart of Venice. Five of the eight units are currently vacant, and would command prime annual rents. Zoned LARD1.5, this lushly landscaped compound would be ideal for an owner / user, creative company or developer.

Manhattan Beach, 323 23rd Street

Price: $3,850,000
Units Total: 2
Lot Size: 2,705
Living Area: 3,118
Year Built: 1992
Parking: 4
Days on Market: 123
Description: Two detached single-family homes (2 APN’s) offer breathtaking views from Malibu to Palos Verdes. 323 23rd Street consists of 1502 sq.ft. 2 bedrooms and 2.5 bathrooms featuring a grandfathered roof deck with stunning panoramic and sunset views of the Pacific. The master bath has a large glass shower completed with spa-like tub. 324 23rd Place has 1616 sq.ft. Of living area with an oversized tandem garage. This 3 bed 2 bath has a generous living room with large fireplace, updated flooring and lots of natural light. A prime sand section location with its proximity to downtown Manhattan Beach, shopping, restaurants, and award winning Grand View Elementary. It’s a perfect hideaway from the bustling city for anyone in search of a cozy space to call home. Be the lucky one to live the true Manhattan Beach life style.

Santa Monica, 2602 3RD Street

Price: $3,850,000
Units Total: 4
Lot Size: 6,472
Living Area: 2,603
Year Built: 1910
Parking: 1
Days on Market: 459
Description: Once in a Lifetime opportunity to capture a beautiful- Pride of Ownership – 4 unit Trophy -historical property! Located on the most desirable street in Santa Monica! – 2 blocks to THE BEACH, steps to MAIN Street! Architectural Craftsman details abound! Front house features 2 bedrooms, 1 bath, fireplace, updated kitchen, delightful front yard, and private porch! Third and fourth units are TWO SEPARATE- Charming Craftsman houses, 244 Beach Street and 250 Beach Street. Each 1 bedroom, 1 bath, updated kitchen, storybook front porches and private decks! Three units have washer and Dryer’s! Rare- mature plant species frame the huge 6,472, s. F. lot (per assessor)! Endless possibilities to create a family compound- live in the main house with income! All reasonable offers considered. Parking for 4 cars, Please do not disturb tenants, inside shown with an accepted offer Only! Sold AS-IS! Square footage is not guaranteed, buyer to investigate.

Rosemead, 3824 Rosemead Boulevard

Price: $3,800,000
Units Total: 8
Lot Size: 17,051
Living Area: 8,568
Year Built: 2005
Parking: 16
Days on Market: 130
Description: BACK ON MARKET! BEAUTIFUL NEWER 8 UNITS TOWNHOUSE TYPE WITH 2 CAR GARAGE ATTACHED FOR EACH UNIT. SEPARATE ELECTRIC / GAS AND WATER METERS. PROPERTY IS IN EXCELLENT CONDITION AND ALWAYS RENTED. EASY TO MANAGE.

470 South Roxbury Drive

Price: $3,799,999
Units Total: 6
Lot Size: 6,382
Living Area: 5,757
Year Built: 1950
Parking: 6
Days on Market: 138
Description: A 50’s-vintage gem fronted by custom landscaping, on one of Beverly Hills’ most-renowned streets – and across from beautiful Roxbury Park. The building oozes character and charm, as does the location – and is within walking distance to world-class shopping and dining. The units have separate hot water heaters and separate electric and gas meters. Carport parking in rear is NOT attached, so there is no potential soft-story issue. The units all have hardwood and a mid-century modern fit-and-finish throughout. Copper plumbing, as well. A 2 Bed unit will be vacant at closing! Immediate market rent opportunity! A very rare opportunity to own an asset in a location that is without equal. A block South of Olympic and across from Roxbury Memorial Park. A perfect rental location.

Palm Springs, 601 West ARENAS Road

Price: $3,795,000
Units Total: 14
Lot Size: 23,958
Living Area: 0
Year Built: 1957
Parking: Yes
Days on Market: 117
Description: Mid Century modern designed by Herbert Burns. This beautifully maintained resort in the Historic Tennis Club neighborhood is all about location and views. There are 14 individualized rooms from a standard studio to a two bedroom apartment with a separate entrance and cozy fireplace. Many with small, full kitchens and private patios. Rooms overlook the pool with fabulous views from each. Another rare attribute of this hotel is off-street parking for guests- hard to come by in this neighborhood. Additional amenities include a front office / reception area, guest pantry for coffee and snacks, on-site laundry, two gas grills, ice machine, and bikes for guests to use. Perfect location-walk two blocks to the heart of town. This property is currently a fully functioning boutique hotel with a long term, loyal clientele. Appointment only. Do not enter property without Listing Agent.

Venice, 800 INDIANA Avenue

Price: $3,775,000
Units Total: 2
Lot Size: 5,281
Living Area: 4,458
Year Built: 2004
Parking: 4
Days on Market: 88
Description: Built in 2004 (no rent control!) by famed local Venice architect Peter Fergin, this side-by-side duplex exudes both industrial chic and fabulous warmth. With one unit delivered vacant and the other unit on a month-to-month lease, this is a perfect owner-user opportunity or an easy-to-own income property for any level of investor. The design of the complex takes advantage of nature by incorporating large windows to bring in natural light, large patio spaces for enjoying the California weather, and using materials such as polished concrete flooring and wood ceiling paneling in one unit. Both units feature in-unit laundry, private two-car tandem space garages with direct access, separate entryways for direct access to each unit, and private outdoor spaces. You and your tenants will love the privacy each unit has and the incredible amount of space. Close to all of Venice, Santa Monica, and Silicon Beach, this is a must see for owner-occupants and investors!

Thermal, 82800 58th Street

Price: $3,758,000
Units Total: 7
Lot Size: 3,332,340
Living Area: 0
Parking: 14
Days on Market: 407
Description: Rancho Polo Equestrian Center is a one of a kind facility. Situated in Thermal California right in the heart of the Coachella Valley and around the corner from the Madison Club, The Quarry, PGA West, the Thermal Race Track, Polo Clubs and the famous Coachella Valley Music Festival. There are two parcels that are being sold together for a total of 76.05 prime acres. They include APN #764-130-027 and APN #764-130-030. The ranch includes 7 homes total, two-2 bedroom homes and five-3 bedroom homes, 20 RV hookups, 7 barns with housing for at least 120 horses, round pen, covered hay storage, 40 acres of irrigated pasture, race track, 4 arenas with wonderful footing, large polo field and bridle paths. The zoning on this property will allow several different options. Great opportunity awaits for something special to develop on this property and location. Call for more information.