Residential Income, California | Page 5 -001-11-30T00:00:00-08:00
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1327 North Harper Avenue

Price: $5,200,000
Units Total: 10
Lot Size: 9,947
Living Area: 9,260
Year Built: 1951
Parking: 15
Days on Market: 125
Description: PRICE REDUCTION! PRICE REDUCTION! PRICE REDUCTION! BEST LOCATION IN ALL OF WEST HOLLYWOOD! DRIVE BY TO REALLY SEE HOW GREAT THIS PROPERTY IS! 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. NEAR A PRESTIGIOUS HISTORICAL AREA. EXCELLENT LOCATION! 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 $5,500 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 Rent Value at a 3% cap rate is 7.3 million dollars If any retrofitting is required by the city or county, it can be negotiated into the price. Preliminary cost is 45k plus 7k in plan cost.

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: 251
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.

1535 East Date Street

Price: $5,200,000
Units Total: 13
Lot Size: 58,370
Living Area: 27,644
Year Built: 1984
Parking: Yes
Days on Market: 49
Description: Investment Property 1535 E. Date Street San Bernardino, Ca. 92404-2847 comes to the real estate market with 40 units. The apartment complex is gated. Parcel Number is 0272-192-09. The Name of the apartment complex some call it “Date Apartment” The 40 units are (8) units are 2 bedrooms with 2 bathrooms; (16) units are 2 bedrooms with 1 bathroom; (16) units are 1 bedroom with 1 bathroon. Out of the 40 units (8) units are section 8. The Date Apartment Complex are 4 buildings each of the building are 2 stories. According to public records the year built is 1984, building area total is 27,644 sq. Ft., Lot size is 58,370 sq. Ft. The parking spaces are inside the property. The water, trash, gas, electric are all paid by the tenants. Property comes with (40) separate gas meters; (40) separate Electric Meters and (1) water meter. There is a gated pool that is shared with the tenants. The complex also has a laundromat that is shared by the tenants. Please view the pictures to see more of what this investment property has to offer and #of units 13 is wrong it is 40 units. It is 40 units please download the information on the supplements.

1323 North Harper Avenue

Price: $5,200,000
Units Total: 10
Lot Size: 9,947
Living Area: 9,260
Year Built: 1951
Parking: 15
Days on Market: 41
Description: MAKE YOUR HIGHEST AND BEST OFFER ASAP. Calling For Offers. All Offers to be submitted in the order received. BEST LOCATION IN ALL OF WEST HOLLYWOOD! DRIVE BY TO REALLY SEE HOW GREAT THIS PROPERTY IS! 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. NEAR A PRESTIGIOUS HISTORICAL AREA. EXCELLENT LOCATION! WONDERFUL FLOOR PLANS THAT SHOWS THE ELEGANCE and ALLURE 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 $8,800 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. 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. GRAB THIS ONE WHILE YOU CAN. HUGE UPSIDE IN RENT POTENTIAL. SEE ACTUAL VS. PROFORMA

San Gabriel, 5715 North Vista Street

Price: $5,180,000
Units Total: 20
Lot Size: 20,602
Living Area: 11,808
Year Built: 1961
Parking: 20
Days on Market: 59
Description: San Gabriel Vista apartment in the heart of San Gabriel. Located in one of the most highly sought-after locations. The property offers a rare opportunity for an investor to capitalize on one of the strongest rental markets in the San Gabriel Valley. The front entry leads into a mature landscaped beautiful courtyard. Within this serene space is a 20 unit apartment built in 1961 consisting of 8 units feature 2 bedroom / 1 bathroom, 12 units feature 1 bedroom / 1 bathroom totaling 11,808 living square feet sitting on a lot size of 0.47 acres. Each unit is individually metered for gas and electricity and comes with their own parking space and wall air conditioning. Rental income are currently in process to reflect most current market price by new management company.

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: 109
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

Montebello, 716 Date Street

Price: $5,169,000
Units Total: 18
Lot Size: 42,422
Living Area: 14,331
Year Built: 1972
Parking: 27
Days on Market: 23
Description: City of Montebello-non rent control building. 18 Unit building with the following detail description of property: 14 Units – Built 1972 (10 – 2 Bdrm / 1Bath) + (4 – 1 Bdrm / 1Bath) 1 Single Family Residence (2Bdrm / 1 Bath + Den) Duplex (1 Bdrm / 1Bath) per unit Vacant land adjacent to property (8,265 sq.ft) Family oriented building with well established tenants. Abundance of parking for tenants. Two laundry rooms with new laundry equipment owned by seller. Newly installed security lighting. Easy access to freeway, public transportation and shopping. Property will be sold in “as is” condition. Rents are low and advantageous for investors. Vacant land is also added value to this property. Majority of units have been completely renovated. New flooring, new carpets, new appliances, new range and much more. Please do not disturb tenants. Drive by only.

1625 East E Palm Avenue Avenue

Price: $5,150,000
Units Total: 8
Lot Size: 16,180
Living Area: 6,798
Year Built: 1955
Parking: 16
Days on Market: 31
Description: Two beautifully remodeled four-unit buildings one block from Pacific Coast Highway and walking distance to El Segundo’s Smoky Hollow district. Both FOURPLEX apartments have their own APN allowing them to be bought / sold together or separately. Each building contains an identical unit mix of three 2 BED 1 BATH and one 3 BED 1.75 BATH for a total of eight units. Additionally, four out of the six 2 BED 1 BATH AND BOTH 3 BED 1.75 BATH come with a large, private yards that are immaculately landscaped and two of the 2 bed 1 baths come with a large private deck. Each unit comes with brand new stainless-steel appliances including: FRIDGE, OVEN / RANGE, MICROWAVE AND DISHWASHER. They also include a BRAND-NEW WASHER AND DRYER in each unit! All eight units are assigned a driveway parking space AND a shared enclosed garage parking spot with brand new automatic modern garage doors. The interiors include BRAND NEW: Shaker white cabinets in the kitchen and bathrooms, grey quartz counters, tile floors in the bathrooms, stylish wood laminate floors throughout, new tub and wall tile, recessed lighting, new fixtures and SMOOTH CEILINGS throughout! The exterior received a fresh and modern make over with NEW: SMOOTH STUCCO, ROOF, COPPER PLUMBING, RAILINGS, INTERIOR DRAINS LINES AND SOME MAIN LINES, DOORS and WINDOWS (some newer than others), 1625 side has brand new electrical sub panels and main service panel, GARAGE DOORS AND NEW LANDSCAPING!

Van Nuys, 6736 WOODLEY Avenue

Price: $5,150,000
Units Total: 24
Lot Size: 25,222
Living Area: 17,194
Year Built: 1978
Parking: Yes
Days on Market: 34
Description: We are proud to present this twenty four unit apartment building in a great Lake Balboa location. Built in 1978, the property is not subject to rent control. The building has a great unit mix of Two Singles, 11 One-Bedroom / One-Bath Units; and 11 Two-Bedroom / One-Bedroom Units. The property is not on the list for Soft Story Seismic Retrofitting and has copper plumbing. Located on Woodley Avenue, just South of Vanowen Street, the property is located in the desirable Lake Balboa area of Van Nuys. Some notable attractions nearby are the The Sepulveda Basin Recreation Area, The Balboa Sports Center, three Golf Courses and the Van Nuys Airport. Additionally, there is plenty of shopping, dining and entertainment in the nearby areas of Sherman Oaks, Encino, Tarzana and the Ventura Blvd corridor. In addition to the great location, the property offers its residents plenty of gated and open parking, controlled entrance, wall unit A / C and Heat and an on-site laundry facility.

Glendale, 421 Riverdale Drive

Price: $5,100,000
Units Total: 16
Lot Size: 24,996
Living Area: 7,570
Year Built: 1926
Parking: 21
Days on Market: 20
Description: We are proud to represent this 16-unit apartment building in Glendale. The building was constructed in 1926, and it consists of (16) one-bedroom, one-bathroom units. Its lot size is 24,996 sq.ft, with a total of 7,570 rentable square feet. The units are completely furnished (with the exception of the manager’s unit) and are rented to a combination of executive housing, and long term housing. 13 of the 16 utilities are paid for by the seller, but the property is separately metered for gas and electricity in case the new owner wants to transition back to traditional rentals. There is additional income from garage rentals and it can be increased as the owner is using multiple garages. The property has a historically high occupancy rate and a new owner can take over and achieve an above market return for the city of Glendale. The building can be financed with Chase Bank with 50% down or First Republic with 40% down. The property is centrally located in Glendale, which is a highly desirable rental market. As a major production center for the entertainment and animation industry, the city offers many amenities and attractions. Its residents enjoy excellent shopping and dining at the Americana at Brand, which features 75 shops and restaurants, as well an 18-plex theater. The city’s numerous high-rated restaurants and attractions earned its title as Los Angeles neighborhood of the year in Curbed magazine.

Santa Monica, 1239 12TH Street

Price: $5,099,000
Units Total: 12
Lot Size: 7,496
Living Area: 7,684
Year Built: 1961
Parking: 0
Days on Market: 66
Description: 17.1X GROSS! 12 units located just south of Wilshire in prime Santa Monica. Excellent unit mix of 1 and 2 bed units with private garages and 26% upside potential in rents. Delivered with three vacancies. Units have private balconies and patios, fireplaces, dishwashers and some with hardwood floors.

Santa Monica, 852 20TH Street

Price: $5,099,000
Units Total: 6
Lot Size: 8,009
Living Area: 9,327
Year Built: 1973
Parking: Yes
Days on Market: 84
Description: Huge 4 bedroom / 3.5 Bathroom Owner’s Unit Townhouse includes Gourmet Kitchen with Island and top of the line appliances. Also features a Private 5 Car Garage, Basement, Office and much more! Other Units include: One 3 Bed / 2.5 Bath TH, Three 2 Bed / 2.5 Bath TH and One 2Bed / 2 Bath ApartmentOver 35% Upside Potential in RentsLocated North of Wilshire, One Block from Prestigious Montana Ave Shops and RestaurantsLocated in the Prime Santa Monica School District of Franklin Elementary and Lincoln Middle School

702 South St Andrews Place

Price: $5,095,000
Units Total: 16
Lot Size: 9,352
Living Area: 10,082
Year Built: 1957
Parking: 8
Days on Market: 19
Description: The Royce is a beautifully remodeled 16 unit apartment building that is located in trendy and dynamic Koreatown. All 16 units interiors, exteriors and common areas have been remodeled to condo quality. The complex has been re-branded with strategic exterior enhancements and details. Spacious and efficient floor plans with well-appointed living areas. The subject property consists of a two story wood frame apartment complex built in 1957 and completely renovated in 2017. Unit mix of 8 one bedroom one bath and 8 studios all with modern kitchens, stainless steel appliances, upgraded bathrooms with tiled bathrooms and luxury fixtures. New roof, windows, cabinets, laminate flooring, recessed lighting, new copper plumbing, quartz counter tops, landscaping and exterior paint. The building is walking distance to popular Koreatown shops, restaurants, and entertainment destinations. The Wilshire / Western Metro Station is two blocks away. Walk score of 94. Cap rate of 5%

North Hills, 15216 NORDHOFF Street

Price: $5,095,000
Units Total: 19
Lot Size: 13,078
Living Area: 15,326
Year Built: 1985
Parking: Yes
Days on Market: 41
Description: We are pleased to announce the sale of 15216 Nordhoff Street, a 19-unit multifamily property located on a major thoroughfare in the North-Central San Fernando Valley. Due to its 1985 construction, the property is not subject to Los Angeles rent control, providing an investor the opportunity to more immediately capitalize on surging rents in the Valley submarket. With a desirable unit mix, including 11 two bedroom units and 8 one bedroom units, the property provides an investor the opportunity to tap into the strong rental demographics of North Hills, where vacancy rates currently sit at approximately 2.8%. This historically low vacancy rate coupled with the dense existing renter pool within this infill market has helped effective rents to climb 5.5% year-over-year through the second quarter of 2018. All units include their own individual water heater, helping to limit the owner’s utility expense, while several units have their own balcony.

Hawthorne, 12304 GREVILLEA Avenue

Price: $5,070,000
Units Total: 18
Lot Size: 18,119
Living Area: 14,485
Year Built: 1988
Parking: Yes
Days on Market: 12
Description: -Non-Rent Controlled Asset – Located West of Hawthorne Boulevard -1988 Vintage Buildings -Outstanding Unit Mix -Full Copper Plumbing and Ample Covered Parking -Located within 3 Miles of the Hollywood Park Development Project and New Proposed NFL Stadium -Strong Neighboring Employment: Space X, Tesla, and Aerospace Defense Companies -Two On-Site Laundry Facilities – Generating Additional Annual Income -Washer / Dryer Hook-Ups in 12312 Grevillea Avenue Building -Over 28% in Rental Upside

Los Angeles, 1422 TAMARIND Avenue

Price: $5,065,000
Units Total: 17
Lot Size: 13,000
Living Area: 14,244
Year Built: 1962
Parking: Yes
Days on Market: 91
Description: 1422 Tamarind Ave, this 17-unit apartment community is located just South of Sunset Blvd, in the neighborhood of Hollywood. Walking distance to a myriad of coffee shops, restaurants, theaters, and colleges. Walking proximity to over 1m square feet of brand new office space. Directly across from Sunset Gower Studios. The property features 14,244 sq.ft of rentable area, situated on a large 12,999 square foot lot zoned LAR4. This 17 unit building is comprised of (4) twobedroom, two-bathroom units, (12) one-bedroom, one bathroom units, and (1) studio unit. The building has been well maintained and includes a beautifully landscaped central courtyard. Approximately 20 parking spots included in the property.

Beverly Hills, 9619 West OLYMPIC

Price: $5,000,000
Units Total: 8
Lot Size: 7,800
Living Area: 7,214
Year Built: 1940
Parking: 7
Days on Market: 14
Description: This Classic French Chateau style 8-unit (all conforming) Beverly Hills trophy property is meticulously maintained and centered around a lushly landscaped brick courtyard with garage parking for 7 cars. Two units are 2-bedrooms with 1 bathroom each, one unit is a 1-bedroom + 1 bathroom with a den and 5 units are all 1-bedrooms with 1 bathroom each. The two units being delivered vacant are the 1 bedroom with a den and a 1 + 1. After a rent back the owners unit (2 + 1) will also be a vacancy. The elegant, bright and spacious units feature formal dining rooms, expansive living rooms, decorative moldings and cook’s kitchens with ample cabinetry and counter space. Adjacent to Roxbury Park, minutes to Century City and the best shops, restaurants and entertainment venues the Westside has to offer. This is quite a rare offering for a Beverly Hills “trophy” property.

West Hollywood, 8833 CYNTHIA Street

Price: $5,000,000
Units Total: 5
Lot Size: 5,923
Living Area: 0
Year Built: 2009
Parking: Yes
Days on Market: 88
Description: Coldwell Banker Commercial NRT is pleased to exclusively represent for sale 8833 Cynthia Street (“Cynthia”). This is a rare opportunity to acquire a Non-Rent control, 5-Unit luxury condo / apartment building situated on one of the most favorable streets of West Hollywood. Cynthia has an excellent unit mix, all five units are large and spacious 3 bedroom and 3 bath townhouses with a huge penthouse unit over 2,200 sq. Ft. With a direct elevator access to unit. Designer finishes, modern gourmet kitchen with high-end stainless-steel appliances, walk-in closets, washer / dryer, private balconies, rooftop deck, intercom access, subterranean parking, and many more. *** All the units have their own separate APN numbers *** The property has always enjoyed a high occupancy rate due to a strong mix of local tenants that cater to the surrounding population. This is a one-of-a-kind opportunity for the savvy investor who has the vision to re-position the property to its most lucrative potenti

1016 North Crescent Heights Boulevard

Price: $5,000,000
Units Total: 8
Lot Size: 6,550
Living Area: 7,650
Year Built: 1960
Parking: 16
Days on Market: 49
Description: This is a well-appointed 8-unit apartment complex at 1016 N. Crescent Heights Boulevard, West Hollywood, California. Located in a prime location, the property is comprised of two 2-bed / 1.5-bath and six 2-bed / 2- bath units. Together the spacious units—some with balconies—come to about 7,650 sq.ft of rentable space on 6,551 sq.ft of land. The property which features an on-site laundry facility and 16 parking spaces (8 tandem), has been well maintained since it was built in 1960. Seven of the units will be delivered vacant. The building is thought to have copper plumbing (buyer to verify), and is separately metered for gas and electricity. Furthermore, with a security camera and gated entry, the property is easy to manage with no need for an on-site manager. Located on a nice street just south of Santa Monica Boulevard this complex is close to various shops, restaurants and entertainment offered in the city of West Hollywood. Furthermore, the building sits mere minutes away from the world famous Hollywood and Sunset Boulevard. The property’s prime location, coupled with clear upside potential, make it a fantastic investment opportunity.

149 South OAKHURST Drive

Price: $4,999,999
Units Total: 6
Lot Size: 6,070
Living Area: 5,881
Year Built: 1930
Parking: Yes
Days on Market: 91
Description: Prime Location in Beverly Hills. Rare 6 unit building, walking distance to fine dining, shopping, Beverly Hills school district. Offers 6 parking spots in the back of the property. Tenants all on month-to month basis.

Los Angeles, 3094 San Marino Street

Price: $4,999,000
Units Total: 2
Lot Size: 17,717
Living Area: 8,641
Year Built: 1922
Parking: 2
Days on Market: 221
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

Culver City, 4061 WADE Street

Price: $4,999,000
Units Total: 10
Lot Size: 15,825
Living Area: 7,996
Year Built: 1953
Parking: Yes
Days on Market: 63
Description: Prime location on the Westside of Culver City. NO RENT CONTROL. Located on a very quiet cul d sac street with a beautiful City Park at the end of the block. 10 units all 2 bed + 1 bath with a large, grassy, fenced courtyard and, covered parking for each apartment. NO RENT CONTROL. Huge double lot of 15,825 sq.ft. Each unit with it’s own water heater, front and rear doors, and individually metered for gas and electric. Walking distance to very hip Westside restaurants, Shopping and much more. A short bike ride to Marina Del Rey, Playa Vista, Venice Beach and Downtown Culver City. Units 1-2 are vacant and being upgraded. Those rents are projected. NO RENT CONTROL! 3.07 Cap Rate. 18.55 x gross

Santa Monica, 1140 10TH Street

Price: $4,995,000
Units Total: 10
Lot Size: 7,495
Living Area: 8,124
Year Built: 1967
Parking: Yes
Days on Market: 54
Description: Extremely well maintained 10 unit multifamily complex in prime Santa Monica location, north of Wilshire. Great mix of units with 2 (2BD + 2BA), 4 (2BD + 1.5BA) and 4 (1BD + 1BA) Property offers 11 covered parking spaces + 1 open space. Added income from onsite laundry facility (leased). All units metered for electric and gas. The building is rent controlled with great upside potential for rental income. Near beach, shops, restaurants, 3rd Street Promenade and in the highly sought after Santa Monica School District.

1622 South BEVERLY GLEN

Price: $4,995,000
Units Total: 11
Lot Size: 6,913
Living Area: 8,567
Year Built: 1960
Parking: Yes
Days on Market: 53
Description: