Residential Income, California | Page 4 -001-11-30T00:00:00-08:00
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Lawndale, 4539 West 159th Street

Price: $3,499,000
Units Total: 10
Lot Size: 9,444
Living Area: 8,772
Year Built: 1987
Parking: 22
Days on Market: 4
Description: 10 LARGE units and 30 years newer than the typical South Bay apartment asset. The subject property has a secured, glass entry and on-grade parking structure with 20 striped spaces – and 2 additional spots for the dumpster and vent piping. The unit mix of all 2 bedrooms 1 baths and 3 bedrooms 1.75 baths lends itself to tenant-stability. 4 units rehabbed and copper plumbing, too. The building is well-located (10 minute drive to Manhattan Beach Pier) and extremely well-run by the local, hands-on owner. No rent control, no annual code enforcement, no mandatory seismic / soft-story retrofit work. An ideal “buy-and-hold”.

West Hollywood, 9024 HARRATT Street

Price: $3,498,000
Units Total: 3
Lot Size: 7,621
Living Area: 3,320
Year Built: 1923
Parking: Yes
Days on Market: 8
Description: Welcome to a private oasis right in the heart of West Hollywood. Remodeled to perfection, this charming 3bed / 3bath home w / duplex in back, has it all. The duplex has beautiful french doors that open to balconies that over look the pool. Each flex-unit can be turned into 2bed / 1bath or 1bed / 1bath w / massive walk in closet. Each unit has its own washer / dryer and dishwasher. Amenities in main house include, wall mounted TV in the living room, In-Ceiling speakers, iPad controlled Nuvo music server, Surveillance Camera System, Alarm System, and fully pre-wired Smart Home ready for your full enjoyment. This is one of the few properties in Weho to have a massive swimmers pool, along with an outdoor shower and BBQ area. Fantastic location which is walking distance to Sunset Strip, Roxy theater, many famous restaurants as well as the new Edition hotel that will open in Spring. Whether you move into the main house and collect income on the back units or rent all three, it’s truly one of a kind property

Laguna Beach, 539 Catalina

Price: $3,495,000
Units Total: 9
Lot Size: 6,098
Living Area: 3,550
Year Built: 1948
Parking: 8
Days on Market: 46
Description: This is a legal eight unit building pursuant to the Laguna Beach Real Property Report consisting of four apartment units and four sleeping rooms – there are no landlord supplied cooking facilities in sleeping rooms. Residents can enjoy the walk-ability of a true beach side community, as the Laguna House is immediately adjacent to the Village and a five minute walk to Main Beach. Laguna House has been very well maintained and features extensive brick hardscape, concrete driveways, walkways, parking pads, and private resident / communal gathering areas. In total, as the property is operated, there are (2) two bedroom, one bath units – one with ocean views; (5) one bedroom, one bath units – one with ocean views and 3 of which are sleeping rooms, and (2) studios- one sleeping room and one non-legal / non-conforming with deck and panoramic white water and riviera views. All units have refrigerators and garbage disposals and all non-sleeping rooms have gas stoves / ovens. There are dishwashers in two units. The front residence has pitched composition roof, with the rest of the structure having flat roofs. There are a total of eight off-street parking spaces – four of which are covered. Overall, all unit interiors and the exterior of the property are immaculate and very well maintained by the same attentive 25 year owner / manager. Bldg sq footage per owner; Buyer to verify all information. Submit!

Hollywood, 5722 Camerford Avenue

Price: $3,450,000
Units Total: 5
Lot Size: 7,000
Living Area: 6,300
Year Built: 1921
Parking: 0
Days on Market: 96
Description: ATTN ATTN ATTN all investors. Newly Renovated Multifamily 4 very large unit building and a single family residents with a front yard in Hollywood. Adjacent to Larchmont shopping and Café area. All granite counter tops and stainless steel appliances. Great Cash flow. Gross Income of $173,004, Net Income: $150,696.00 Current Cap Rate 4.36% Location Location Location!

Santa Monica, 823 Wilson Place

Price: $3,380,000
Units Total: 2
Lot Size: 7,378
Living Area: 3,511
Year Built: 1913
Parking: 7
Days on Market: 168
Description: HUGE PRICE REDUCTION. Priced to SELL. Ocean Park Area Complete Remodel in 2016! One of a kind Craftsman style home. Front house has 4 BIG BEDROOMS and 3 Full Remodeled Baths. Front house is 2618 sq feet. Full Separate back HOUSE 2 Bedroom 1 Bath. Enjoy sweeping views of Venice, Santa Monica Bay, Catalina Island, and city lights. Very unique opportunity to own this property as it has never been on the market, EVER! Perched atop one of the highest hill streets in Ocean Park. Main house has a bright open floor plan with plenty of natural light. Featuring 4 bedrooms 3 full baths, 2 bedrooms and 1 bath downstairs. Elegant living room with fire place, large bright kitchen with center island and dining room to fit an 8 seat table. Main entry stairs lead you to an open porch, upstairs laundry room with plenty of storage and counter space. The master bedroom has a complete wrap around viewing deck, fireplace, walk in closet, bathroom has jetted tub and separate walk in shower. Large lot has a deep driveway with a rare detached 2 car garage and a roof deck built over garage. The separate 2 bedroom 1 bath guest house measures 893 sq.ft, has a new roof, full kitchen and is a detached legal rental with it’s own address 823 1/2 Wilson Place. This is a unique, one way, resident only street with single family residences. Approximately five-minute drive from the 10 Fwy.

Blythe, 400 North PALM Drive

Price: $3,300,000
Units Total: 70
Lot Size: 402,494
Living Area: 66,000
Year Built: 1991
Parking: Yes
Days on Market: 399
Description: Now fully rehabbed and vacant units ready to be leased up, Recently Foreclosed, Newer 1991 built Pride Garden apartment complex consisting of 70 units in 15 buildings plus rental office, of which 30 are 2 Bedroom 1 bath and 40 are 3 bedrooms 1.5 bath townhouse style, over 2.5 Million spent to rehab complex in 2008 total cost over $9M. Building is currently 50% rented with rents that are 30% below market, Market rents are 725 for the 2 bedrooms and 800-825 for the 3 bedrooms market rents, each unit has own laundry hook ups and water heater. Amenities include: Pool, Rec room, secured ample parking, each unit has its own outside private storage room, Tremendous long term upside on rents.

Seal Beach, 1117 Seal Way

Price: $3,300,000
Units Total: 3
Lot Size: 3,415
Living Area: 3,630
Year Built: 1966
Parking: 3
Days on Market: 100
Description: Rare opportunity to own a three units, right on the sand. Triplex sits on a corner, oversize lot and consist of (2) upstairs two bedroom, one bath units. Upstairs units have an ocean front balcony and back deck. Downstairs unit consist of three bedrooms and two baths and a private ocean front deck. Property includes (3) one car garage and onsite laundry. Sale of this property is subject to a”right to reside” provision for the downstairs unit tenant, which will be assumed by the Buyer. “Right to reside tenant” will pay “Market rent”. Please do not walk property or talk to tenants.

714 Marguerite Avenue

Price: $3,299,000
Units Total: 2
Lot Size: 3,540
Living Area: 3,348
Year Built: 2015
Parking: 2
Days on Market: 16
Description: Embracing the Avenue of the Palms and designed by renowned architect, Craig Hampton, this sprawling single family residence plus apartment option offers space, seclusion and splendor throughout. There is also a chamber and permitted, electrical componants for an elevator to be installed. The front courtyard is bordered by isolating landscape and stretches across the entire property. A spacious living room with central skylight is highlighted by a stone fireplace with massive mantel, and expansive bifold doors – which procure the idealized Corona del Mar indoor-outdoor living spaces. The broad formal dining room separates the entry and the kitchen – designed for sophisticated entertaining – providing a double oven, 6-burner range, built-in microwave, ample cabinetry, 2 sinks, large island, and bifold doors opening to the center veranda replete with built-in BBQ. A main floor bedroom with full guest bathroom, generous laundry room, and direct access to the 2-car garage complete the main level. The well-appointed master suite supplies tranquil views of the neighborhood palms and jacaranda trees alongside an impressive master bathroom and substantial walk-in closet. At the end of the grand hallway, the fourth bedroom has endless possibilities: It is set up to be a studio with private kitchenette, living space and separate entry – and can easily be set up to provide such service.

North Hollywood, 11311 Huston

Price: $3,295,000
Units Total: 7
Lot Size: 7,101
Living Area: 7,352
Year Built: 1987
Parking: 28
Days on Market: 4
Description: 11311 Huston street is a beautiful, well maintained 7 unit building on a lovely residential street close to freeways and parks. This coveted building has been managed and maintained and is fully leased up. The owner owns the laundry facility on site and each unit comes with two below grade parking spaces. All 7 units are 2 bedroom and 2 bath. Most units have upgraded wood floors, cabinetry and tile floors in kitchen and baths. Upper units have a loft space. This is a wonderful opportunity to own non rent controlled building in NOHO.

Newport Beach, 107 Highland Street

Price: $3,295,000
Units Total: 3
Lot Size: 2,971
Living Area: 3,000
Year Built: 1955
Parking: 4
Days on Market: 120
Description: Just steps to the sand, discover this rare opportunity to own a single family home with an attached guest house and mother-in-law suite. Sitting on a large corner lot, 107 Highland spans over 3,000 sq.ft. And features a spacious main house with an attached three bedroom guest house. The main house features 3 bedrooms, 3 bathrooms with an office, a second floor ocean view kitchen, dining and living room, and a private third floor master suite. Located just one house from the beach, ocean views can be seen from many windows throughout and from second floor deck and the two rooftop decks. The attached 3 bedroom unit / mother-in-law suite, is perfect for guests or full time living; offering 3 bathrooms, and a spacious living area connected to the kitchen and dinning room. To round out this unique beach house compound, parking for 4 cars is provided by 2 car port spaces and two single car garage spaces – a rare find this close to the sand. A short bike ride to the north or south takes you to great dinning, entertainment and shopping.

16387 South Pacific Avenue

Price: $3,288,000
Units Total: 2
Lot Size: 2,178
Living Area: 3,192
Year Built: 1971
Parking: 2
Days on Market: 29
Description: Fabulous whitewater, beach, sunset and Catalina views set the backdrop for this gorgeous BEACH FRONT home extensively remodeled with amazing Sunset Beach location! This remarkable residence offers two 3-bedroom, 2-bathroom units and an UNPERMITTED third floor with 1 bedroom, balcony, and two full bathrooms. The two kitchens (levels 1 and 2) are as stylish as they are functional with contrast cabinetry, stainless steel appliances, pendant lighting, and glass mosaic backsplash. These upgraded residences offer a great investment opportunity with the option to rent out all units or live in one and rent the other. With direct beach access, constant cool ocean breezes, and endless views, this residence offers the best of coastal luxury. Spacious living areas, an attached 2 car garage, and shared laundry room are additional highlights of this premier home. In addition, each of the 3 bedroom units have a separate laundry room. All units are currently leased. May be difficult to show.

Venice, 2500 STRONGS Drive

Price: $3,250,000
Units Total: 3
Lot Size: 2,890
Living Area: 1,662
Year Built: 1947
Parking: 3
Days on Market: 10
Description: PROPERTY TO BE DELIVERED VACANT AT THE CLOSE OF ESCROW. This is a rare triplex on the Venice Canals. Located next to the most iconic bridge in the canals. Great location for a owner / user with additional income. In addition, the buyer could check with the city as to the possibility of modifying or replacing the current structure with a single family home or rental units. In the past vacation rentals in the area have been very profitable.

West Hollywood, 395 Huntley Drive

Price: $3,225,000
Units Total: 3
Lot Size: 5,938
Living Area: 4,344
Year Built: 1963
Parking: Yes
Days on Market: 66
Description: Exceptional income property in prime West Hollywood location. Two spacious two bedroom units and a loft on cul-de-sac street amidst the WeHo design district just steps away from iconic dining and shopping options, Melrose Place, PD Center etc. Unassuming from street view, each apartment is tucked away in the peaceful back surrounded by greenery. It feels like a private home. The 2nd floor loft faces the street and Hollywood Hills. All units are well maintained and have great original architecture and charm. There is also tremendous upside for renovation and improvement. All units are delivered vacant. A truly unique opportunity in the West Hollywood West market in this location.

Manhattan Beach, 412 16th Street

Price: $3,199,000
Units Total: 2
Lot Size: 2,700
Living Area: 1,622
Year Built: 1957
Parking: 3
Days on Market: 129
Description: Well maintained beach duplex located on a full 30×90 walk street lot, located just steps from the sand, pier and downtown restaurants and shops. Front unit contains 2 bedroom / 2 baths and back unit is a 1 bedroom / 1 bath. 3 car garage provides ample parking. Property features a shared central courtyard and a private patio off the 2 bedroom unit.

Long Beach, 6601 East Seaside Walk

Price: $3,150,000
Units Total: 2
Lot Size: 3,927
Living Area: 3,927
Year Built: 1962
Parking: 2
Days on Market: 341
Description: Beach Front 5 Bedroom plus Den, 4 Bathroom Home Located on an Over Sized Corner Lot. With Appox. 3,900 sq.ft. Of Living Space and Amazing Ocean Views this Home also Features a 3 Bedroom, 3 Bathroom Ocean Front Unit with an Ocean Front Living Room with a Fireplace, an Ocean Front Dining Room, a Kitchen with a Breakfast Bar, a Den with Built-Ins, a Downstairs Bedroom and Full Bathroom, A Outdoor Entertaining Area with Full Kitchen, Built-In Grill, Heaters, and Ocean Views, an Upstairs Laundry Room, A Master Suite with Ocean Views, a Fireplace, a Deck, a Remodeled Master Bathroom with a Walk-In Closet, and a 2-Car Garage with Storage. As-well-as a 2 Bedroom, 1 Bathroom Upstairs Unit above the Garage. A Great Opportunity to Own an Ocean Front Property on the Peninsula!

Tujunga, 10162 Hillhaven Avenue

Price: $3,150,000
Units Total: 12
Lot Size: 9,759
Living Area: 6,912
Year Built: 1985
Parking: 12
Days on Market: 232
Description: NON RENT CONTROL. RARE OPPORTUNITY, Beautiful, well maintained, pride of ownership, updated 12 unit apartment building located at the heart of Tujunga. This property was built in 1985 and is comprised of all 1 + 1, nice size units which offer approx. 575 sq. Ft of living space. All units have tile flooring, crown moldings, and updated kitchen cabinets with granite counter tops. All water lines were changed in 2016. One main water heater (which was changed in 2016). Mostly copper plumbing. This strong cash flow investment has significant rental upside potential. Located in a high demand rental location and in an area that has shown continued improvement over the years. The property has secure entry, ample parking, on-site laundry, and is individually metered for gas and electricity. All units have electrical stoves.

9256 Wakefield Avenue

Price: $3,150,000
Units Total: 10
Lot Size: 15,502
Living Area: 7,674
Year Built: 1987
Parking: Yes
Days on Market: 231
Description: NON RENT CONTROL, 10 UNIT APARTMENT COMPLEX, BUILT IN 1987.6 UNITS ARE 2 + 2, THE OTHER 4 UNITS ARE 2 + 2 PLUS LOFT (WHICH CAN BE USED AS 3RD BEDROOM). FIRST FLOOR UNITS ALSO HAVE PRIVATE FRONT PATIOS. ALL UNITS HAVE UPDATED KITCHEN CABINETS WITH GRANITE COUNTER TOPS, TILE FLOORING, and CROWN MOLDINGS. BUILDING ALSO OFFERS CENTRAL AIR / HEAT, and COPPER PLUMBING. THIS PROPERTY HAS SIGNIFICANT RENTAL UPSIDE POTENTIAL, AS RENTS ARE BELOW MARKET. THE PROPERTY ALSO OFFERS SECURE ENTRY AND AMPLE PARKING. THE BUILDING IS ALSO SEPARATELY METERED FOR GAS and ELECTRICITY.

Beverly Hills, 221 South Tower Drive

Price: $3,150,000
Units Total: 4
Lot Size: 6,495
Living Area: 5,061
Year Built: 1928
Parking: 3
Days on Market: 66
Description: Rare opportunity to own a meticulously maintained and beautiful Spanish style four-plex with all 2 bed room / 2 bath spacious units. Three of four units have been renovated and are at market rents. Features of the units include brand new cabinets, quartz counter tops, extra deep stainless sink, designer pull out faucets, newer stainless steel appliances, updated bathroom vanity and fixture, hard flooring, freshly painted exterior, and washer and dryer included in all units and updated central heating and air in each unit. Beverly Hills School District and centrally located within blocks to the park, shopping, restaurants, entertainment and public transportation.

Beverly Hills, 456 SMITHWOOD Drive

Price: $3,150,000
Units Total: 3
Lot Size: 6,598
Living Area: 4,774
Year Built: 1929
Parking: 0
Days on Market: 4
Description: Trophy Beverly Hills Triplex in prime location! Walking distance to Rodeo drive. Lush tropical landscaping welcomes you as an you enter enchanting courtyards on your way to the front door of each unit. The front building is comprised of two units each 3 beds / 2baths. These units have large living rooms, dining rooms and breakfast areas with newer kitchens and hardwood floors. The rear unit (built in 2004) has an open floorplan with hardwood floors, vaulted ceilings and 2 beds / 1.5 baths. It is adorned with a wrap around balcony. The 4 car garage and 1 car, carport are accessed via alley. Please read private / showing remarks.

Tujunga, 10162 Hillhaven Avenue

Price: $3,150,000
Units Total: 12
Lot Size: 9,759
Living Area: 6,912
Year Built: 1985
Parking: 12
Days on Market: 3
Description: RARE OPPORTUNITY, to obtain this Beautiful, well maintained, pride of ownership NON RENT CONTROL, updated 12 unit apartment complex. This property is located in desirable part of Tujunga and was built in 1985. The building is comprised of all (1 + 1) , nice size units, which offer approx. 575 sq. Ft of living space. All units have tile flooring, crown moldings, and updated kitchen cabinets with granite counter tops. CAPITAL IMPROVEMENTS: All water lines, plus Main Water Heater were changed in 2016. Building offers Mostly copper plumbing. This strong cash flow investment offers 4.28 current cap rate and still has significant rental upside potential. Located in a high demand rental location and in an area that has shown continued improvement over the years. The property has secure entry, ample parking, on-site laundry, and is individually metered for gas and electricity. (All units have electrical stoves.)

9256 Wakefield Avenue

Price: $3,150,000
Units Total: 10
Lot Size: 15,502
Living Area: 7,674
Year Built: 1987
Parking: Yes
Days on Market: 4
Description: 10 UNIT VALUE-ADD OPPORTUNITY IN PANORAMA CITY. NON RENT CONTROL APARTMENT COMPLEX. BUILT IN 1987. ALL 2 + 2 UNITS. 6 (2 + 2) and 4 (2 + 2) PLUS LOFT (WHICH CAN BE USED AS 3RD BEDROOM). FIRST FLOOR UNITS ALSO HAVE PRIVATE FRONT PATIOS. ALL UNITS HAVE UPDATED KITCHEN CABINETS WITH GRANITE COUNTER TOPS, TILE FLOORING, and CROWN MOLDINGS. BUILDING ALSO OFFERS CENTRAL AIR / HEAT, and COPPER PLUMBING. RECENTLY IMPROVED RENTS, THOUGH STILL LOTS OF UPSIDE POTENTIAL, AS RENTS ARE STILL BELOW MARKET. THE PROPERTY ALSO OFFERS SECURE ENTRY AND AMPLE PARKING (24 PARKING SPACES, 2 PER UNIT + 4 GUEST). THE BUILDING IS ALSO SEPARATELY METERED FOR GAS and ELECTRICITY. RECENT CAPITAL IMPROVEMENTS INCLUDE NEW SECURITY GATE SYSTEM, NEW WATER HEATER and NEW EXTERIOR LED LIGHTS.

Pomona, 1285 West Grand Avenue

Price: $3,088,000
Units Total: 8
Lot Size: 25,182
Living Area: 12,800
Year Built: 2016
Parking: 16
Days on Market: 18
Description: BRAND NEW TOWNHOUSE APARTMENTS! Welcome to the Brand New Grand Ave. Townhomes, the newest addition to a very nice and quiet area of Pomona, California. The unit mix we have 8 – 1,600 sq.ft, 3 bedroom, 2.5 bath townhouse style apartment units. Each luxury townhouse includes a master bedroom with master bathroom and walk-in closet. Amenities are gated entry, granite countertops, central air / heat, large laundry rooms and attached two-car direct access garages. Located at 1285 W. Grand Ave, the brand-new townhomes are surrounded by single family homeowners, easy access to freeways and a beautiful park, and downtown Pomona dining and entertainment within a few minutes.

Venice, 1307 PALMS Boulevard

Price: $3,087,000
Units Total: 2
Lot Size: 10,896
Living Area: 4,000
Year Built: 1938
Parking: 2
Days on Market: 121
Description: With a 2500 + / – sq. Ft. Main house and 650 + / – sq. Ft. 2nd unit, this exclusive property includes a detached 900 + / – sq. Ft. Legal rec room with loft on an almost 11,000 sq. Ft. Lot. This opportunity is perfect as an income-producing property for seasoned investors or a spacious private compound for the refined buyer. The main house with 3 bedrooms and 2 bathrooms includes a chef’s kitchen with 3 ovens and dual sinks. It also features private patio spaces and an atrium space to enjoy alfresco dining while surrounded by lush and mature landscaping. The second home features 1 bedroom and 1 bathroom with a full kitchen, in-unit laundry, skylights, and private patio space. The permitted recreation room with loft serves perfectly as a writer’s / artist’s studio, a detached office, or simply as a relaxation retreat on your own property. There are also two private 1-car garages and 4-car parking in the driveway, plus additional storage spaces. This truly one-of-a-kind property is a must see!

Newport Beach, 7201 Seashore Drive

Price: $3,055,000
Units Total: 3
Lot Size: 2,178
Living Area: 2,326
Year Built: 1971
Parking: 4
Days on Market: 274
Description: Located on a highly desirable corner lot, just one house from the sand with amazing ocean views. This remodeled duplex, currently offers 3 bedrooms, 2 baths upstairs, and 2 bedrooms, 2 baths downstairs. It can easily be converted to a 6 bedroom, 4 bath single family residence. It features a gourmet kitchen with top of the line stainless appliances and slab granite counters, a spacious master suite with walk-in closet, hardwood flooring and stone clad bathrooms. Other amenities include, air conditioning, a fireplace and a rare three car garage with parking for an additional car. Enjoy beach living, ocean breezes and white water views.