Residential Income, California | Page 6 -001-11-30T00:00:00-08:00
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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: 143
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. Unit-2 is vacant and being upgraded. That rent is projected. NO RENT CONTROL! 3.48% Cap Rate. 17.46 x gross

Los Angeles, 4009 Stevely Avenue

Price: $4,995,000
Units Total: 18
Lot Size: 16,287
Living Area: 16,875
Year Built: 1962
Parking: 18
Days on Market: 16
Description: 18 Unit building in a high demand rent area provides very little turnover and long term cash flows. Current rents are ± 24% under market rates which. All earthquake retro fitting has been completed! Extensively upgraded and modernized units including all major capital expense items such as plumbing, electrical, HVAC’s, painting, electric entry gate, decking, doors and dual pane windows. (1) Studio, (3) 1 + 1 Units, (13) 2 + 2 Units, (1) 3 + 2 Unit Fully assumable loan @ 4.07% for another 4.5 years at ± $2,700,000. Existing gross scheduled income (GSI) is $317,520.00, assuming a new investor brought all units to up to market rents, assumed annual GSI would be ± $423,840.00.

Van Nuys, 8030 LANGDON Avenue

Price: $4,995,000
Units Total: 33
Lot Size: 27,342
Living Area: 19,998
Year Built: 1969
Parking: 22
Days on Market: 83
Description: Value add building, 45% upside in rents. Very well maintained 2-story building, central courtyard, pool. 32 one-bedrooms, 1 two-bedroom. Good rental demand. The building runs full mot of the time. Good roof, copper plumbing, new water heaters. Seismic reinforcement completed. New paving on driveway-parking area. See property by appointment. Do not contact tenants.

Los Angeles, 11307 Isleta Street

Price: $4,974,999
Units Total: 12
Lot Size: 11,810
Living Area: 10,114
Year Built: 1953
Parking: 12
Days on Market: 197
Description: THIS IS FOR TWO ADJACENT PARCELS – 6 UNITS 217 CHURCH ST. LOS ANGELES. CA 90049 YR. 1958 BLDG SQ. FT 5074 APN 4365-029-020 AND 11307 ISLETA ST. LOS ANGELES. CA 90049. YR. 1953. BLDG SQ. FT 5040 APN 4365-029-019. PRICE AND SUMMARY FOR BOTH PROPERTIES SOLD TOGETHER ONLY. 12 UNITS TOTAL. 217 S. Church Lane and 11307 Isleta Street apartment complexes are comprised of 12 garden-style apartment units in 2 two-story buildings. The building’s construction is of wood frame with a flat roof and painted stucco exterior. Current zoning is LAR3 at both buildings. The apartment buildings are side by side and managed together. 217 S. Church Lane consists of 1 three-bedroom / two-bath unit, 4 two-bedroom / one-bath units and 1 one-bedroom / one-bath unit. 11307 Isleta Street consists of 4 two-bedroom / one-bath units and 2 one-bedroom / one-bath units. The remodeled units have updated kitchens with granite or quartz countertops, updated bathrooms and hardwood floors throughout. The units are large with an open layout with big windows and offer great storage space. The laundry room is available at both properties, as well as on-site parking. 217 S. Church Lane and 11307 Isleta Street is in the very prime and vibrant market of Brentwood, adjacent to Santa Monica and West Los Angeles. The properties are south of Sunset Boulevard and west of Sepulveda Boulevard, situated in a truly irreplaceable location.

Downey, 9319 Washburn Road

Price: $4,960,000
Units Total: 18
Lot Size: 22,309
Living Area: 14,432
Year Built: 1962
Parking: Yes
Days on Market: 139
Description: We are pleased to present the rare opportunity to acquire a 18-unit multi-family investment in Downey, California. The property is located at 9319 Washburn Road, Downey, one of the most desirable city in Los Angeles County. Walkable Distance to Kaiser Permanente Downey Medical Center and Promenade at Downey. This medium-sized multi-family Asset located in a market with solid demographics and unique accessibility to major employment hubs, providing access to a growing number of retail and restaurant amenities. The spacious unit mix consists of 2 one-bedroom / one-bath units and 16 two-bedroom / one-bath units. Selected Units Have Been Upgraded with New Flooring, Giant countertop and New Appliances. This property offers upscale for investors to invest an asset with well-maintained condition.

954 South BARRINGTON Avenue

Price: $4,950,000
Units Total: 10
Lot Size: 7,500
Living Area: 8,016
Year Built: 1961
Parking: Yes
Days on Market: 30
Description: Rare 10 unit well maintained apartment building located in one of the most desirable Brentwood locations just South of San Vicente, excellent unit mix consisting of 5 (2 + 2), 4 (1 + 1) and one single, 10 parking spaces, hardwood (laminated) floors, most units have dishwasher, private patio and wall A / C unit, central forced air heating, tremendous rent upside potential, 100% occupied, all units are separately metered for gas and electricity, laundry facility on site, lot size is 7,500 sq.ft zoned R3, building is 8,000 + sqft, great opportunity for value add investment with rental upside in an “A” area, this is also a great development opportunity. Walking distance to trendy shops and restaurants on San Vicente. Showing with accepted offer. Please do not approach the tenants, they are not aware of the sale.

Reseda, 19340 WYANDOTTE Street

Price: $4,950,000
Units Total: 20
Lot Size: 21,853
Living Area: 26,504
Year Built: 1968
Parking: Yes
Days on Market: 79
Description: We are pleased to present a twenty unit property located at 19340 Wyandotte Street, in Reseda, California. The property is located just north of Sherman Way and west of Tampa Avenue. The property features an excellent unit mix of seventeen (17) two bedroom / two bathroom units, as well as three (3) three bedroom / two bathroom units. Some of the property’s amenities include a large and secluded swimming pool, elevator for ease of access, balconies in some of the units and ample tuck-under parking. This well-maintained property is hitting the market for the first time ever and is being sold by the original developer. This property offers investors an extremely rare opportunity to acquire twenty units in a prime Reseda pocket of the San Fernando Valley, with great upside rental potential and rare unit and property amenities.

Calabasas, 25250 PIUMA Road

Price: $4,950,000
Units Total: 4
Lot Size: 442,150
Living Area: 8,700
Year Built: 1972
Parking: Yes
Days on Market: 13
Description: Once in a lifetime opportunity! 4 houses, 10 acres, separate APN numbers, with over 2 acres per house! (1) 25260 Piuma Rd. – 3 bed 3 ba. W / and loft, W / D, separate guest unit, 2 car garage approx 1,400 s. F. (2) 25256 Piuma Rd. -5 bed 3 ba, W / D, 2 car garage, approx 2,492 s. F. (3) 25250 Piuma Rd. 5 bed 4 ba W / D, 2 car detached garage w / 1 bed apt, and wkshop. Approx. 2,200 s. F. (vacant) (4) 25252 Piuma Rd. 5 bed, 4 Ba. W / D, 2 car garage, separate guest unit, approx 2,358 s. F. All properties feature expansive decks with stunning bucolic views, privacy and plenty parking, concrete driveways on all properties, and additional flat parcels to build more structures, pools etc. Can be gated for a compound, can be renovated and sold separately! On the border of Malibu and Calabasas. Buyers to investigate square footage and lot size and releases any and all claims of liability to the sellers, sellers agents, trustees and legal counsel.

Long Beach, 1142 East 1st Street

Price: $4,900,000
Units Total: 14
Lot Size: 8,222
Living Area: 8,960
Year Built: 1913
Parking: 8
Days on Market: 33
Description: We are proud to present 1142 E. 1st Street Apartments. The property presents investors with an opportunity to acquire a turn-key investment with market rents and an attractive 4.0% CAP rate. The property is a 8,960 Square Foot building set on an lot of 8,222 sq.ft that consists of (12) One Bedroom / One bathroom units and (2) Two Bedroom / One Bathroom units, 4 garages, 3 parking spaces parking to tenants as well as on-site laundry. All the units have been fully renovated with new modern kitchens, bathrooms, hardwood floors, tile kitchens and bathrooms, and all new appliances. Some units have the laundry equipment in the units. The building is located in the trendy Alamitos Beach neighborhood and walking distance to the beach as well as numerous cafes, restaurants, boutiques and parks. The city of Long Beach continues to progress forward and is currently experiencing major redevelopment of $2.2 billion. An example of this large-scale redevelopment is the Long Beach Civic Center, which is estimated to be completed early 2019. The Civic Center will include a new city hall and the Port of Long Beach headquarters, as well as multi family residential units. Long Beach sustains its ability to attract renters due to its strong economy and high quality of life.

2036 North VERMONT Avenue

Price: $4,900,000
Units Total: 10
Lot Size: 18,698
Living Area: 6,929
Year Built: 1939
Parking: 0
Days on Market: 618
Description: Traditional 1939 and 1941 Architectural Buildings! First Time on the Market many Decades – Family Owned for multiple generations! Built on 2 oversized contiguous Lots (9,349 x 2 = 18,698 sq.ft) in Prime Los Feliz. Total of Ten Units (Nine 1-Bedroom + 1 Studio + 10 Parking Spaces). Rent controlled buildings – 100% Occupancy. Current Gross Annual Income: $130,000 (Rental figures are approximate). Only steps from Los Feliz Village, Shops, Restaurants, Cafe, Theatres, Griffith Park Observatory and Greek Theatre.

519 South WESTMORELAND Avenue

Price: $4,900,000
Units Total: 18
Lot Size: 8,500
Living Area: 9,932
Year Built: 1984
Parking: Yes
Days on Market: 150
Description: Westmoreland Apartments is an 18-unit non rent controlled, value-add opportunity located in the highly desirable Koreatown sub-market. Built in 1984, the subject property is constructed of wood frame and stucco and is situated on an 8,400 square foot parcel, zoned LAR4. The property features efficient floor plans consisting of 18 one-bedroom / one-bath units. Unit amenities include on-site parking and balconies. The property is individually-metered for electric and features all electric appliances. Westmoreland Apartments presents the rare opportunity to acquire a 1980’s constructed, value-add multi-family investment which has largely not been renovated since it was built. An investor will be able to immediately implement a comprehensive interior and exterior renovation to re-position the property into a luxury rental community and increase rental income by an estimated 37 percent.

1013 South Standard Avenue

Price: $4,900,000
Units Total: 24
Lot Size: 15,682
Living Area: 14,776
Year Built: 1958
Parking: 0
Days on Market: 73
Description: 1013 and 1017 Standard Avenue is a 24-unit multifamily investment property located in Santa Ana, one of the premier housing markets nationwide. Built in 1958,1013 and 1017 Standard Avenue offers investors the opportunity to capitalize on strong market trends that should increase rental income by approximately 20 percent. The investment opportunity consists of 24 units across two separate parcels. Situated on a combined 0.36-acre lot, the 14,776 square foot property consists of exclusively one-bedroom floor plans. The exterior of the property was renovated in 2018. The property is located one mile from Downtown Santa Ana and is near schools, parks, and major transportation routes.

Glendale, 396 West Dryden Street

Price: $4,875,000
Units Total: 11
Lot Size: 8,729
Living Area: 10,354
Year Built: 1986
Parking: 11
Days on Market: 17
Description: We are proud to represent this 11-unit apartment building in Glendale. The building was constructed in 1986, and its unit mix consists of (10) two-bedroom, two-bathroom units and (1) one-bedroom, two-bath townhouse units. With a lot size of 8,750 sq.ft, the property has a total of 10,354 rentable square feet. The property is entirely turn key and features high ceilings on the top floors, secured entry and parking, and all units have been upgraded with hardwood floors. The property is 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. The property is separately metered for gas and electricity.

829 North BUNKER HILL Avenue

Price: $4,850,000
Units Total: 14
Lot Size: 8,986
Living Area: 13,737
Year Built: 1984
Parking: Yes
Days on Market: 30
Description: The subject property is a fully renovated, non-rent controlled, fourteen unit apartment complex built in 1984 and located in the prime Chinatown submarket of Los Angeles, just north of downtown LA. Ideally situated on Bunker Hill Avenue, many of these unique units have wonderful city views. The property boasts a mix of three 1 bedroom, 1 bathroom units, two 2 bedroom, one bath units, eight 2 bedroom, 1 1/2 bath units, and one enormous three story townhouse with 4 bedrooms, and 4 bathrooms. The prime location allows occupants to enjoy all of downtown LA’s world famous entertainment, dining and culture, within the comfort of a quiet and luxurious apartment. The improvements are built on an 8,986 square foot lot with a total rentable square footage of 13,737. There are 17 on-site parking spaces as well as on-site laundry. Each well maintained unit is individually metered for gas and electricity.

1235 North DETROIT Street

Price: $4,800,000
Units Total: 18
Lot Size: 12,999
Living Area: 8,224
Year Built: 1940
Parking: Yes
Days on Market: 31
Description: We are pleased to announce the sale of 1235-1239 North Detroit Street, a multifamily property situated in the prestigious and vibrant city of West Hollywood, adjacent to both Beverly Hills and Hollywood. Located near the intersection of Santa Monica Boulevard and La Brea Avenue, the property contains three separate buildings on a 12,999 square foot parcel. The asset includes 18 apartment units, plus an additional four non-conforming units, as well as on-site laundry facilities to provide an extra stream of income for the new owner. Current rents sit approximately 24 percent below market level, without even accounting for additional potential income earned by the non-conforming units. All three buildings were recently painted, helping to decrease deferred maintenance expenses for the new owner. A quiet terrace is tucked into the rear corner of the property, providing a relaxing space for tenants to relax and / or socialize.

1025 9th Street Street

Price: $4,750,000
Units Total: 10
Lot Size: 7,510
Living Area: 8,124
Year Built: 1968
Parking: 14
Days on Market: 311
Description: On the market for the first time in over 30 years in one of the best rental markets in Santa Monica! 1025 9th Street (street address is 1027 9th Street) is a 10 unit multifamily building that is 8,124 sq. Ft. On a 7,510 sq. Ft. Lot. This building is rent controlled, therefore there is approximately a 45% rental income upside if one were to bring up the rents to market rates. Their is on-site laundry (leased) and the units are separately metered for electricity and gas.

1105 South BARRINGTON Avenue

Price: $4,700,000
Units Total: 8
Lot Size: 7,389
Living Area: 8,744
Year Built: 1955
Parking: Yes
Days on Market: 65
Description: An eight-unit apartment building located in the highly desirable Brentwood submarket of Los Angeles. Built in 1955, the property has an excellent unit mix of two three-bedroom units, four two-bedroom units, and two one-bedroom units. The property is situated on a 7,400 square foot cornet lot. Seven of the eight units have been remodeled beautifully. Additionally, there is onsite parking for tenants. With a 4.2% going in cap rate, and only a 15.5x gross rent multiplier, this is a great long-term-hold or value-add opportunity for any buyer looking to invest or add to their portfolio. Existing Loan w / Chase can be assumed – UPB: ~ $2,375,000 with SIGNIFICANTLY BELOW-MARKET INTEREST RATE OF 3.86% FIXED thru 03.01.23

Beverly Hills, 346 North MAPLE Drive

Price: $4,695,000
Units Total: 8
Lot Size: 7,965
Living Area: 5,330
Year Built: 1947
Parking: Yes
Days on Market: 169
Description: Huge $300,000 price reduction. Best priced deal in prime 90210 zip code. 346 N. Maple Drive is a well maintained property in one of the best locations in Beverly Hills, 90210. Featuring an excellent unit mix of mostly 1 bedroom units with significant rental upside. Current rents average only $2.88 / SF. Ample on site parking on an oversized 7,965 sq. Ft. Lot zoned R4-BH. Units feature hardwood floors, spacious kitchens, wall A / C and much more. 2 Units (a 1 bedroom and a Studio) will be delivered vacant at the close of escrow.

Beverly Hills, 346 North MAPLE Drive

Price: $4,695,000
Units Total: 8
Lot Size: 7,965
Living Area: 5,330
Year Built: 1947
Parking: Yes
Days on Market: 36
Description: Best priced deal in prime 90210 zip code. 346 N. Maple Drive is a well maintained property in one of the best locations in Beverly Hills, 90210. Featuring an excellent unit mix of mostly 1 bedroom units with significant rental upside. Current rents average only $2.88 / SF. Ample on site parking on an oversized 7,965 sq. Ft. Lot zoned R4-BH. Units feature hardwood floors, spacious kitchens, wall A / C and much more. 2 Units (a 1 bedroom and a fully renovated Studio) will be delivered vacant at the close of escrow.

El Segundo, 363 Virginia Street

Price: $4,695,000
Units Total: 7
Lot Size: 7,152
Living Area: 6,116
Year Built: 1969
Parking: 11
Days on Market: 2
Description: SITUATED ON HIGH GROUND ON ONE OF THE BEST MULTI-RESIDENTIAL BLOCKS, THIS UNSURPASSED CORNER LOCATION IS ADJACENT TO ONE OF THE MOST SOUGHT-AFTER RESIDENTIAL NEIGHBORHOODS IN THE CITY. JUST 3 BLOCKS AND A 5 MINUTE WALK TO DOWNTOWN STORES, SHOPS AND RESTAURANTS AND A 10 MINUTE BIKE RIDE TO THE BEACH. CONVENIENT ACCESS TO LAX, DOWNTOWN LOS ANGELES AND THE WESTSIDE. EAST BLDG: 2 LEVELS; FIVE 2-BED, 1-BA SINGLE LEVEL APTS, 4 OPEN GARAGES, 4 OFF-STREET PKG SPACES. WEST BLDG: TWO 2-BED, 1-BA TOWNHOME STYLE APTS, 4 OPEN GARAGES, 1 STORAGE AREA. RENTS ARE LOW. SOME APARTMENTS HAVE SUBSTANTIAL DEFERRED MAINTENANCE AND REPAIR. LEGACY REAL ESTATE INVESTMENT ~ OFFERED FOR SALE FOR THE FIRST TIME IN 31 YEARS. CALL LISTING AGENT FOR ADDITIONAL INFORMATION.

Los Angeles, 4938 ROSEWOOD Avenue

Price: $4,680,000
Units Total: 16
Lot Size: 14,511
Living Area: 16,314
Year Built: 1962
Parking: 16
Days on Market: 29
Description:

El Monte, 2826 Cogswell Road

Price: $4,680,000
Units Total: 12
Lot Size: 22,925
Living Area: 12,549
Year Built: 1981
Parking: 24
Days on Market: 84
Description: Great Location in the City of EL Monte, No Rent Control. GATED Community. 12 Units Condo Townhouse Built in 1981 at 2826 Cogswell Rd EL Monte CA 91732. There are 10 Units of 2 Bedrooms and 15 Baths Plus Attached 2-Car Garages at Monthly Rent $1950 Per Unit. The Other 2 Units Are 3 Bedrooms With 1.5 Baths and Attached 2-Car Garages at Monthly Rent $2250 Per Unit. Each Unit has been Renovated with New Laminate Flooring, Kitchen Cabinets with Granite Countertops and Sinks, Faucets, New Bathroom Vanities / Cabinets / Mirrors. Central AC / Heating System in Each Unit. Laundry Room with Washer and Dryer Hook-Ups For Each Unit. Total Monthly Gross Income $24,000.00. Annual Gross Income: $288,000.00; Annual Expense: $72,488.00; Annual Net Income: $215,512.00; Cap Rate: $4.41%. Tenants Pay Its Own Electricity and Gas Monthly. Owner Pays Water / Trash Every Month. 12 Gas Meters and 1 Water Meter. Easy Maintenance with Low-Cost Maintenance Fee. Close to the SuperMarket, Bus Stations, Freeway Access 10,60 or 605. Property Across to Elementary School. No Pool, No HOA. For Sale Only for All 12 Units at 2826 Cogswell Rd #A, (APN#8106-004-020); #B (APN#: 8106-004-021) , #C (APN#8106-004-022) , #D (APN#8106-004-023), #E (APN#8106-004-024), #F (APN#8106-004-025), #G (APN#8106-004-026) , #H (APN#8106-004-027) , #J (APN#8106-004-028), #K (APN#8106-004-029) , #L (APN#8106-004-030) , #M (APN#8106-004-031) with Each Individual APN’s.

Alhambra, 809 South Stoneman Avenue

Price: $4,680,000
Units Total: 12
Lot Size: 19,274
Living Area: 12,588
Year Built: 1978
Parking: 25
Days on Market: 58
Description: This 12 units Stoneman Apartments present investors with a unique opportunity to purchase a stable investment property. It consists of 1 of 3 beds / 2.5 bath; 1 of 1 bed / 1 bath / 1 of 2 beds / 1 bath; and 9 of 2 bed / 2 bath. It has spacious open floor plans including 13 private garages and 12 assigned outdoor parking. All units have central Air Conditioning and heat. The property has laundry room facility and automatic sprinklers. No on-site manager is required. It locates in a vibrant Alhambra neighborhood, just minutes from variety of stylish restaurants, cafes, entertainment, and supermarkets. Don’t miss out this great opportunity!

Los Angeles, 3240 FAY Avenue

Price: $4,650,000
Units Total: 14
Lot Size: 9,673
Living Area: 9,922
Year Built: 1963
Parking: Yes
Days on Market: 127
Description: 3240 FAY AVENUE APARTMENTS is a well-kept building in the primegentrified Arts District neighborhood immediately adjacent to Culver City. While still within the city of Los Angeles, the property is a short walk tothe downtown shopping, retail and employment, as well as the ExpositionLine for easy access to points east and west. The courtyard-style building has a great unit mix consisting of (2) twobedroom / 1.5 bath, (4) two-bedroom / one bath, (4) one-bedroom / onebath and (4) studio apartments. It is located on a quiet, permit-only streetbetween Venice Boulevard and Washington Boulevard. Culver City’s recent influx of entertainment and technology companieshas caused a boom in new Class-A multifamily development and hasconsequently driven up rents over 20% in the past five years. As such, this building provides an opportunity to immediately renovate the fourvacant units to high-end finishes, and do the same with the remainingunits either by relocating tenants or