Residential Income, California | Page 6 -001-11-30T00:00:00-08:00
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Pomona, 1459 South Rebecca Street

Price: $4,200,000
Units Total: 8
Lot Size: 6,090
Living Area: 12,854
Year Built: 2017
Parking: 8
Days on Market: 102
Description: This are 7 brand new beautiful homes close to Phillips Ranch and Chino Hills, 3 of them have 4 bedrooms and master bedrooms with walk in closets and double sinks in master bathrooms and hallway 4 of them have 3 bedrooms extra large master bedroom with a huge walk in closet and large living room, 1 historical home, driveway and landscaping is in process of been done the new homes have built ins Range, oven, dishwasher and 4 of them have wine coolers, pantries with quartz counter tops 3 full bathrooms with exquisite ceramic tile tile floors throughout the first floor 2 car garage ready for electric cars with insulated garage doors and garage door openers completely fenced with block walls Cozy fireplaces in Living rooms and fire sprinklers throughout homes Please call the listing agent which is also the owner to preview the homes, Sale subject upon BRE final approval of homes

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: 918
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.

West Hollywood, 7731 ROMAINE Street

Price: $4,179,000
Units Total: 10
Lot Size: 6,452
Living Area: 8,404
Year Built: 1957
Parking: Yes
Days on Market: 14
Description: We are pleased to exclusively represent for sale, The Romaine Garden, an excellent opportunity to acquire a 10-unit apartment building in one of the best highly sought rental locations in prime West Hollywood. The Romaine Garden, provides an excellent unit mix, consists of four (4) Two Bedroom / Two Bathroom units, two (2) Two Bedroom / One Bathroom units and four (4) One Bedroom / One Bathroom units. The property’s 8,404 rentable square feet is situated on a 6,452 square foot lot. Selected units have been renovated, new windows, new cabinets in both kitchen and bathrooms, new flooring, new lighting and new stainless-steel appliances. The exterior and common areas have been extensively upgraded with new exterior paint, and new landscaping. An astute investor will benefit immediate cash flow, with the opportunity to capitalize significantly on higher market rents and to acquire a well maintained and low maintenance property in one of the most prime locations on the Westside of Los Angeles.

Newport Beach, 200 East Oceanfront

Price: $4,100,000
Units Total: 2
Lot Size: 2,614
Living Area: 2,427
Year Built: 1930
Parking: 2
Days on Market: 10
Description: Capturing the essence of Newport Beach, 200 E. Oceanfront embraces a lifestyle indicative of its warm appeal. From the intimate, sunlit reading room, to its original brick-laden cottage fireplace, this charming 2-unit beachfront cottage showcases a uniquely compelling palette. Stretches of sand greet the boardwalk and entry, creating a surreal environment to enjoy coastline and ocean views. The 4 Bedroom / 3 Bedroom Front Unit, and 1 Bedroom / 1 Bathroom Back Unit Duplex is situated on a private corner lot, steps from Newport’s famed Balboa Pier, local restaurants, amenities, and Balboa Fun Zone, making it the perfect getaway for visitors and locals alike.

Santa Monica, 2428 BEVERLEY Avenue

Price: $4,100,000
Units Total: 4
Lot Size: 7,124
Living Area: 4,281
Year Built: 1965
Parking: 5
Days on Market: 12
Description: Well-maintained 4-unit architectural residence in highly sought-after Santa Monica with 58.8% upside potential. Building sits on a hilltop corner lot nestled among the trees with panoramic views of the ocean. Designed in 2-bedroom layouts, the open townhome-style units feature exposed wood ceilings, metal-clad beams, custom wide plank flooring, stage spotlights, expansive private decks and separate entrances. While 3 units were upgraded with modern fixtures and finishings between 2011-2013, there is opportunity to add further value with strategic second-level renovations. Unique units are ideal for a possible owner / user opportunity. Property is a 10-minute walk to Main Street and the beach and one mile from the 3rd Street Promenade, Santa Monica Pier, Metro Expo Line Station and Santa Monica College. 5.07% cap rate and 14.24 GRM pro forma

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: 90
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.

North Hills, 9009 Langdon Avenue

Price: $4,100,000
Units Total: 22
Lot Size: 23,398
Living Area: 18,188
Year Built: 1964
Parking: 21
Days on Market: 40
Description: MacroReal Commercial, Inc. Is pleased to present the rare opportunity to acquire a 22-unit multi-family investment in North Hills, California. The property is currently subject to rent control located at 9009 Langdon Avenue in North Hills. 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 property is directly across the street from Our Lady of Peace Catholic School at the corner of Langdon Avenue and Nordhoff Street Unit mix consists of 7 one-bedroom / one-bath units, 12 two-bedroom / two-bath units, and 2 three-bedroom / two-bath units. In addition, with a non-conforming studio and laundry room, it brings up additional income for investor. Furthermore, the property also features copper plumbing, newer windows, stacked stone in the entryway and gated access.

Venice, 523 ROSE Avenue

Price: $4,100,000
Units Total: 1
Lot Size: 3,139
Living Area: 1,224
Year Built: 1956
Parking: Yes
Days on Market: 13
Description: Restaurant building for sale on Rose Avenue in Venice, formerly the location of Oscar’s Cerveteca. Real opportunity to own one of the few designated Land Use Restaurants on the the ever Booming Rose Avenue. 4-Car parking that includes a handicap spot. Current Restaurant leasing the space has a CUP type 41 Beer and Wine license.

Santa Monica, 1434 Berkeley Street

Price: $4,050,000
Units Total: 7
Lot Size: 7,807
Living Area: 8,390
Year Built: 1964
Parking: 11
Days on Market: 179
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.

Santa Monica, 1444 15th Street

Price: $4,023,000
Units Total: 7
Lot Size: 7,505
Living Area: 8,207
Year Built: 1962
Parking: 10
Days on Market: 213
Description: A rare and incredible investment opportunity! Ability to purchase 7 units, conforming complex located in prestigious Santa Monica 3rd Street Promenade neighborhood close to restaurants, shops, Metro Line and Santa Monica Pier. The building square foot is 8,207, and it was built in 1962, It features (2) 3 Beds / 2 Baths and (5) 2 Beds / 1.5 Baths. Two of the front units have fireplaces. One unit is completely remodeled with new cabinets, remodeled bathrooms, kitchen granite countertops and wood flooring throughout. Two units are half remodeled with new wood flooring and kitchen granite countertops. Total parking is 7, and it is a mix of carport and garages. 2 front car garages. One garage is rented separately to outside person for storage, and the other garage is rented to a tenant. There are two driveway parking spaces located in the front of the building. Behind the building is carport with a total of 5 spaces. Onsite community laundry facility for the tenant’s convenience. These units are spacious with open floor plans, and there is a wonderful unique charm each unit represents.

West Hollywood, 8961 KEITH Avenue

Price: $4,000,000
Units Total: 10
Lot Size: 6,307
Living Area: 7,548
Year Built: 1963
Parking: Yes
Days on Market: 48
Description: We are proud to exclusively present 8961 Keith Avenue, located just north of Santa Monica Boulevard, between Robertson Boulevard and Doheny Drive, in the city of West Hollywood. 8961 Keith Avenue presents an investor the unique opportunity to own an excellent piece of real estate in one of the most exclusive and recognizable cities in the United States. 8961 Keith Avenue is a two-story, 10 unit, property that was constructed in 1963 on a ±6,307 square foot R2 lot, with a total building size of ±7,548 sq.ft. The well-maintained property is separately metered for gas and electric, serviced by a central water heater, and offers an on-site laundry facility with one washer and one dryer, fire sprinkler system in parking area, bike storage, a shared back patio area, and eight partial subterranean parking spaces and one two-car garage.

4509 WILLOW BROOK Avenue

Price: $4,000,000
Units Total: 14
Lot Size: 10,530
Living Area: 8,820
Year Built: 1923
Parking: 0
Days on Market: 41
Description: KW Commercial and Marcus Millichap, as exclusive co-listing agents, are pleased to present 4509 Willow Brook Avenue, a charming 1920’s 14-unit investment opportunity located in Silver Lake (90029), a burgeoning submarket of Hollywood. Current ownership has a create a proven concept through interior unit renovations on all 14-units and common area improvements that has created a competitive advantage, allowing the owners to achieve strong market rents. The property, sited on a 10,530 square foot parcel, offers investors a unique and rare opportunity to immediately experience strong and stable income upon acquisition. All 14-units, which average 630 (+ / -) square feet, offer one-bedroom / one-bathroom floor plans and have undergone a major gut-level renovation. Each unit has been completely reimagined through a variety of comprehensive upgrades that include new windows, in-unit washer, and dryers, air conditioning units. **Please contact listing agent for full Marketing Package. **

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: 307
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.

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: 162
Description: INVESTMENT OPPORTUNITY ON fantastic Breeze Ave. Is a beach walk-street a few homes from the sandy beach. Come see this rare one-of-a-kind Vintage Venice Treasure delivered 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 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 and four car parking.

Laguna Beach, 2037 South Coast

Price: $4,000,000
Units Total: 15
Lot Size: 8,712
Living Area: 10,800
Year Built: 1969
Parking: 16
Days on Market: 136
Description: **Now on live AUCTION forum thru TenX auction. Go to Woods Cove Villas tour URL in remarks section and tour url for auction information and to register your client** Auction Bid dates between 4/9 and 4/11. ** Price showing is OPENING BID only** Location, Location, Location. This Trophy property on the ocean side of Coast Highway in prestigious Woods Cove Laguna Beach is truly a one of kind investment that has it all! Just moments from the famous Montage Resort and Downtown Laguna Beach, this 16 unit mixed-use investment opportunity is comprised of 14 remodeled units and retail space nestled behind a private gated entry. Extensively remodeled in 2006 this rare offering features 4 townhome style 2 bedroom units each with their own roof top decks with panoramic coastal and Catalina Island views. There are also 10 One bedroom units boasting private ocean view decks and the sound of the surf. Each unit is updated and some include stack washer / dryer and refrigerator. The gated entry and gated subterranean parking provides additional privacy for this prestigious property. An open air courtyard highlights the style and natural lighting within in this inviting property that enjoys ease of access to resorts, beaches and coves, Trolley services, dining and shops that define the Laguna Beach lifestyle.

Los Angeles, 5941 BARTON Avenue

Price: $3,999,000
Units Total: 5
Lot Size: 6,501
Living Area: 6,800
Year Built: 2016
Parking: Yes
Days on Market: 48
Description: New 2016 built 5 unit Townhouse style apartments. No Rent Control! Walking distance to highly popular Larchmont Village. Each unit has its own private garage on the ground floor, spacious open living room, kitchen, and guest bathroom on the second level, and bedrooms and full bathrooms on the third level. Each unit also has its own private rooftop deck / patio with stunning views of the Hollywood sign, Griffith Observatory, Paramount studios, and panoramic city views of Los Angeles. Quartz countertops, soft closing cabinets and recessed lights throughout. His and her sinks in master bathrooms. Washer and dryer in-unit, and tankless water heaters in each unit. Low expenses and huge upside potential for future rents! Great opportunity for owner-occupy. This property will go fast!

1000 North SERRANO Avenue

Price: $3,999,000
Units Total: 24
Lot Size: 5,445
Living Area: 13,716
Year Built: 1923
Parking: 0
Days on Market: 86
Description: 24 one bedroom units in a three story building. Upside available. Units are individually metered for gas and electric. Very close to several bus lines, subway, and freeway.

17682 Cameron Lane

Price: $3,995,000
Units Total: 10
Lot Size: 16,988
Living Area: 8,763
Year Built: 1985
Parking: 23
Days on Market: 37
Description: Huntington Beach Surf City 10 Plex in Booming Area Next to Huge Medical Center where you have a huge rental base looking to walk to work! Walk to everything you need from this property! Huge Backyard that has possibilities to enlarge this 10 plex! Very Good Condiditon with lots of new paint, staircases etc! Rare Huntington Beach property in upcoming area! Lots of parking here!

Beverly Hills, 158 South ELM Drive

Price: $3,995,000
Units Total: 6
Lot Size: 6,070
Living Area: 5,386
Year Built: 1938
Parking: Yes
Days on Market: 8
Description: Located on one of the best blocks in Beverly Hills, 158 S Elm Drive is a charming six-unit building on a corner lot just southwest of Beverly Hills’ Golden Triangle. Featuring six one-bedroom / one-bathroom, six parking spaces (one per unit), large garden courtyard for one ground floor unit, formal dining room in each unit, refinished hardwood floors in five units, and recent renovations to four units. One unit, unit 160, is currently vacant and has been beautifully remodeled. This unit also has a private yard. Three top-floor units have been nicely renovated with new lighting and stainless steel appliances. Perfect for an owner-user or investor, the subject site currently has one vacant unit and the potential to be delivered with three vacant units (two units are currently master-leased by a short-term operator). With its central location and the future expansion of the Metro, 158 S Elm Drive will be in high-demand for years to come.

Los Angeles, 2416 West 7TH Street

Price: $3,995,000
Units Total: 2
Lot Size: 7,000
Living Area: 12,436
Year Built: 1925
Parking: Yes
Days on Market: 60
Description: Unique opportunity to acquire a mixed-use trophy property that will be delivered completely vacant at closing. Overlooking MacArthur Park, this charming 3-story mixed-use building is perfect for an owner / user or investor. The 12,436 square foot building has been used as Retail, Office and Residential Lofts. The possibilities and potential for this property are endless. The 3rd floor consists of residential lofts / creative office space, which feature 18′-foot high wood-beamed ceilings, Juliet balcony, exposed brick walls and beautiful hardwood floors. You can lease out or run a business from one of the two retail storefronts on the 1st floor. The second story mezzanine would be perfect for offices or storage. Other amenities include an entrance lobby, elevator, 1,700 sq. Ft. Gated carport parking, storage and large truck-high loading dock with roll-up door. The Property is perfectly situated in the rapidly gentrifying MacArthur Park area located between DTLA and Korea Town.

Venice, 130 EASTWIND Street

Price: $3,990,000
Units Total: 6
Lot Size: 5,411
Living Area: 5,229
Year Built: 1965
Parking: Yes
Days on Market: 1
Description: Exciting six unit beach property! Nestled between Marina Del Rey and Venice on lovely Eastwind Street. Rare opportunity to buy in this trendy Marina Del Rey Peninsula area. A prime location only a short block from both the beach and the Venice Canals, as well as walking distance to the pier, unique shops, galleries and lively restaurants. Located at the border of Marina Del Rey and Venice on a quiet, nostalgic beachside block, this property is perfect for either an owner / user that wishes to live in one unit and rent the five other units, or for an investor as a great income property. The property consists of six 2 bed 1 bath units, One of the units is a town house. No vacancies over the past five years. Pride of ownership. All units W / Hardwood floors, newer kitchens / baths, and separate water heaters. Five enclosed garages. Large double lot surrounded on three sides with street and a beautiful large community garden. Annual gross income as of 07-01-2018 is $178,923.

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: 89
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). Lot 7466 sq.ft + 7467sf=14933 sq.ft total building 7500 sq.ft + 2688sf=10188 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.

Los Angeles, 2009 PREUSS Road

Price: $3,975,000
Units Total: 11
Lot Size: 8,685
Living Area: 8,912
Year Built: 1957
Parking: Yes
Days on Market: 42
Description: We are pleased to present 2009 Preuss Road, an 11-unit investment opportunity located on Preuss Road in the Beverlywood neighborhood (90034), within the West Los Angeles submarket. The property offers investors a unique and rare opportunity to acquire an investment property in one of LA’s best rental markets with historically low vacancy and excellent long term appreciation. The unit composition consists of One (1) Single, Seven (7) One Bedroom and One Bath units and Three (3) Two Bedroom and One and Half Bath units. Eight (8) of Eleven (11) units have been extensively renovated and include in-unit washer / dryers. All utilities are separately metered for gas and electrical services. *The asset, built in 1957 is 8,912 sq.ft sits on a 8,685 parcel of land. It features prominent street frontage, high visibility and parking for 12 vehicles. The property will be delivered with two units vacant. **Please contact us for a full marketing package**

Los Angeles, 3517 MARATHON Street

Price: $3,950,000
Units Total: 10
Lot Size: 5,196
Living Area: 6,200
Year Built: 1928
Parking: Yes
Days on Market: 54
Description: View Property located at 3517 Marathon Street, a vintage 10-unit investment opportunity located in Silver Lake (90026).     Fantastic interior unit and common area renovations and quality common area renovation of public space, thus creating a sought-after destination for area residents.   The property, sited on a prominent view parcel, offers investors a unique and rare opportunity to immediately experience strong and stable income upon acquisition. The unit composition features Two (2) One Bedroom-One Bathroom and Eight (8) Large Single-One Bathroom apartment homes.   Seven of Ten units (70% of units) have undergone a major gut-level renovation. Just + / – 1/2 mile from Sunset Junction. Also available -10 units just 1 block away on Marathon Street