Residential Income, California | Page 6 -001-11-30T00:00:00-08:00
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Van Nuys, 17161 Sherman Way

Price: $3,400,000
Units Total: 5
Lot Size: 28,823
Living Area: 12,640
Year Built: 2008
Parking: 10
Days on Market: 78
Description: Amazing investment opportunity! Rare chance to own 5 single-family homes all built in 2008 tucked in the city of Van Nuys! All tenant occupied with a monthly gross income of over $17K! All the homes feature a beautifully landscaped front entrance with 4- bedrooms and 3.5 bathrooms! Inside you will find a wonderful bright and spacious floor-plan, beautiful flooring, soaring ceilings and a large backyard with patio space, great for outdoor seating and gatherings! Arched door entry ways with a fireplace in the living rooms and a formal dining room. Granite counter-tops in the kitchens with bar stool seating and recessed lighting. Large bedrooms with ample closet space! Conveniently located near the Louise Park, In-N-Out Burger, Sky Zone Trampoline Park and Lake Balboa!

Venice, 828 INDIANA Avenue

Price: $3,395,000
Units Total: 4
Lot Size: 5,281
Living Area: 3,822
Year Built: 1965
Parking: Yes
Days on Market: 274
Description: Rare investment opportunity in Venice Beach. Remodeled in 2015 with high-end modern upgrades. Fully occupied with market rents. Two three-bedroom, two-bathroom and two two-bedroom two-bathroom residences. All include master suites, in unit laundry and high-end modern finishes. The lower level two bedroom has French doors leading out to large private yard. Gated parking and fully secure access building. Let the photos speak for themselves. West of Lincoln, short distance to Abbot Kinney, Rose Ave, Main St and the beach. Do not disturb tenants.

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: 227
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.

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: 42
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.

Van Nuys, 14603 DELANO Street

Price: $3,350,000
Units Total: 19
Lot Size: 15,045
Living Area: 10,992
Year Built: 1971
Parking: Yes
Days on Market: 103
Description: Great opportunity to buy this 19 unit property in prime Van Nuys. This beautifully maintained building consists of four singles, fourteen 1 bedrooms and one 2 bedroom. Some units have been renovated with granite counter tops, wood inspired floors, and new fixtures. Ample parking, laundry room on-site, spacious court yard, gated parking and intercom access. Near to shopping centers, Van Nuys Court House, 405 fwy, and more. Separately metered for electricity.

Sherman Oaks, 14328 ADDISON Street

Price: $3,345,000
Units Total: 9
Lot Size: 14,920
Living Area: 9,942
Year Built: 1977
Parking: Yes
Days on Market: 112
Description: Price reduction! 9 unit multi-family apartment building in prime, Sherman Oaks. 16.86 GRM, 3.58 CAP Rate, with rental upside. (Eight) 2 bed 1.5 bath town house style units, along with (one) 2 bed 2 bath unit with Private fenced in backyard – patio. Seven of the units have been remodeled with stainless steel appliances, granite counters, laminate flooring downstairs, and new carpeting upstairs. All units have stackable washer / dryers, that are landlord owned and will be conveyed as part of the sale. All units have individual water heaters, and central HVAC units. There is gated entry to the parking lot, 18 tandem – open parking spaces. Property is in excellent condition. New exterior paint, and wood siding. NO SOFT STORY PARKING.

Playa del Rey, 185 CULVER

Price: $3,325,000
Units Total: 0
Lot Size: 2,577
Living Area: 1,625
Year Built: 1948
Parking: Yes
Days on Market: 235
Description: “The Shack” Restaurant is for sale. Inherit a lease that expires June 30,2019. This is a most rare offering in the heart of downtown Playa Del Rey. Being sold for the first time as a stand alone sale, this price tag includes the adjacent vacant LAR-3 lot, currently vacant and used as a parking lot. The C-4 restaurant boasts a Culver Bl R-1 overlay, allowing for residential build above the existing structure. This is an exciting opportunity to own Silicon Beach Commercial (LAC-4) Real Estate with an irreplaceable high coverage, short-term lease. There is 100% upside in rent in this Silicon Beach Gem.

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: 458
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.

Glendale, 317 Western Avenue

Price: $3,300,000
Units Total: 10
Lot Size: 11,665
Living Area: 7,320
Year Built: 1963
Parking: 0
Days on Market: 33
Description: Fantastic opportunity to own a 10-unit apartment building on a large lot in Glendale. Non-rent controlled multi-family investment consists of one (1) two-story building containing 7,320 sq.ft on an approximate 11,665 square foot lot. Built in 1963, the subject property features ten (10) units consisting of four (4) two-bedroom, one-baths units and six (6) one-bedroom, one-bath units. There are a total of 13 surface parking spaces and common laundry room. Centrally located in close proximity to Griffith Park and a short distance from retail and restaurants both Burbank and Glendale. Can be purchased separately or as part of a three property, multi-family investment portfolio totaling 26 units.

Los Angeles, 1337 West 36th Place

Price: $3,300,000
Units Total: 4
Lot Size: 6,547
Living Area: 4,142
Year Built: 2017
Parking: 8
Days on Market: 50
Description: New construction student housing asset in Los Angeles, CA. Located in a highly sought-after student housing area less than three blocks from the University of Southern California within the DPS patrol boundaries, less than one mile from the new $700 million University Village. 1337 West 36th Place features two duplexes with a total of four three-bedroom / three bath units that are in excellent condition and loaded with amenities. All units have an exterior balcony and in-unit laundry. On of the units is currently owner occupied with two additional tenants, while the three remaining units are leased to a company that assists foreign students with transitioning to American college life. The company leases the units and then subleases them to students at significant markups. A new investor could capture substantial rental upside by terminating this arrangement and renting the units at market rates, or they could enjoy the management-free nature of the asset by continuing as-is. This company is highly interested in continuing the arrangement at an increased monthly rent. The property also features an unpermitted bedroom with a bath that is currently rented as an Airbnb. The property operates with an incredibly low expense load. The units are separately metered for all utilities and the common area lighting expense is low due to state of the art LED lights. Additionally the property’s design gives it attractive curb appeal wile requiring minimal landscaping expense.

Los Angeles, 6033 ELEANOR Avenue

Price: $3,300,000
Units Total: 8
Lot Size: 6,500
Living Area: 6,400
Year Built: 2006
Description:

141 North SWALL Drive

Price: $3,300,000
Units Total: 8
Lot Size: 6,047
Living Area: 7,884
Year Built: 1929
Parking: Yes
Days on Market: 97
Description: This is a rare opportunity for investors to acquire a value-add investment and charming, character property in an unrivaled West Hollywood location just three blocks from Beverly Hills. With current rents well-below the market rents in the area, the property offers an incredible opportunity for rent growth, appreciation and pride of ownership.

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: 160
Description: Rare opportunity to own 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: 75
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.

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: 179
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.

West Hollywood, 9014 HARRATT Street

Price: $3,295,000
Units Total: 4
Lot Size: 7,657
Living Area: 3,400
Year Built: 1922
Parking: 4
Days on Market: 127
Description: Rare opportunity to acquire a luxurious trophy 4-dwelling residential compound on a large, private lot in a prime, Sunset Plaza location where Beverly Hills and the Sunset Strip meet. This comfortable, chic urban hideaway is set on lush, park-like grounds featuring mature palm, lemon, and avocado trees on one of the largest lots in all of Norma Triangle. The private compound features a total of 4 dwellings – a two-story, 3-bed + office SFR main residence with 1920’s Craftsman architecture, a separate detached 2-bedroom house, and an additional detached duplex containing two 1BD / 1BA units – SFR + 1 BD delivered VACANT. All dwellings are tastefully w / separate entrances and private gated yards / patios. New world-renowned luxury boutique Edition Hotel is being constructed w / in walking distance, as well as numerous other boutique hotels + high-end developments along the west-end of the iconic Sunset Strip. This one of a kind trophy property in a world class location cannot be duplicated.

Santa Monica, 633 9TH Street

Price: $3,295,000
Units Total: 6
Lot Size: 7,487
Living Area: 5,429
Year Built: 1937
Parking: Yes
Days on Market: 36
Description: The Vogue Apartments at 633 9th Street is an excellent opportunity to acquire a true pride of ownership property in one of the best rental locations in prime Santa Monica. Built in 1937 by renowned architect G. C. McAllister, the property is a prime representation of the Nautical Streamline Moderne style and has been featured in several architectural write-ups. This well maintained Art Deco gem boasts a great unit mix consisting of four 1 bedroom 1 bath units and a perfect owner user 2 bedroom 2.5 bath Townhome style unit. All of the units are spacious, have terrific floor plans with hardwood floors, in unit washer and dryers, and offer an abundance of natural light.  The property is perfectly located North of prestigious Montana Avenue, and it is one of the few multi-family properties in such a location. With rents averaging only $1,745 / month and $1.62 / foot, the property has massive rental upside and ample on-site garage parking.

407 North Ardmore Avenue

Price: $3,290,000
Units Total: 6
Lot Size: 6,361
Living Area: 6,153
Year Built: 2018
Parking: 12
Days on Market: 57
Description: No Rent Control Apartment, Brand New Apartment with a Elevator. It is scheduled to be completed by the end of January, 2018. Located in between Holywood and Korea Town and Downtown LA and easy access to Freeway 101 All each unit is with 2 Bed and 2 Bathroom. 3 Units on 3rd floor, each unit has its own a mezzanine space, high ceiling and direct excess to roof top which has a great city view from the private roof top. Parking area in the first floor is designed for easy in and out and possible wide turn.

2709 Santa Monica Boulevard

Price: $3,285,000
Units Total: 0
Lot Size: 7,519
Living Area: 0
Year Built: 1945
Parking: 0
Days on Market: 74
Description: Great investor opportunity to own a mixed-Use property in a high traffic area in desirable Santa Monica. Location contains three residential units and three commercial units. Residential includes a studio apartment, one bedroom, and two bedroom units. The commercial units include a Bakery, Pet Grooming, and a Skate shop.

Culver City, 3912 TILDEN Avenue

Price: $3,250,000
Units Total: 2
Lot Size: 7,273
Living Area: 4,488
Year Built: 1983
Parking: Yes
Days on Market: 72
Description: Location, curb appeal, square footage, income potential or a multigenerational large family’s dream home; take your choice. A new standard is set by a 3 bedroom 3 bath 1,266 sq. Ft. Front house and a 4 bedroom 5 bath 3,222 sq. Ft. Luxurious back house. Tastefully designed, both homes are completely refurbished passing all of Culver City’s stringent electrical, plumbing, mechanical and building inspections. Each house has its own fireplace, its own 2 car garage and enjoys the comfort of new central air conditioning. New energy efficient windows and doors, coupled with hardwood, engineered wood, porcelain and natural stone floors beautify these homes. Dimmable recessed LEDs, skylights and well-chosen chandeliers provide sophisticated lighting. New custom cabinetry in the kitchens and baths are complemented by natural stone counters. Three miles from Silicon Beach, 4 miles from the Pacific shore these homes are in the epicenter of the digital innovation capital of the world.

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: 69
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.

Playa del Rey, 185 CULVER

Price: $3,245,000
Units Total: 1
Lot Size: 2,577
Living Area: 1,625
Year Built: 1948
Parking: Yes
Days on Market: 14
Description: “The Shack” Restaurant is for sale. Inherit a lease that expires June 30,2019. This is a most rare offering in the heart of downtown Playa Del Rey. Being sold for the first time as a stand alone sale, this price tag includes the adjacent LAR-3 lot, currently vacant and used as a parking lot. The C-4 restaurant boasts a Culver Bl R-3 overlay, allowing for residential build above the existing structure. This is an exciting opportunity to own Silicon Beach Commercial Real Estate in the heart of downtown Playa Del Rey with an irreplaceable high coverage, short-term lease. There is 100% upside in rent in this Silicon Beach Gem. High pedestrian Traffic and in the hub of Manhattan Beach, Playa Vista, Culver City and Venice.

Los Angeles, 900 North Hoover Street

Price: $3,200,000
Units Total: 6
Lot Size: 6,510
Living Area: 7,662
Year Built: 1926
Parking: 8
Days on Market: 50
Description: The Sanctum Artiste – originally a church and synagogue located in Silver Lake, Los Angeles now thrives as a non-rent controlled boutique apartment community comprised of six (6) two-bedroom / two-bath townhouse + loft-style units, with a total building square footage of roughly 7,662 sq.ft. Originally constructed in 1926 as a place of worship, The Sanctum Artiste was granted a new certificate of occupancy in 2013. The property sits on an R3 lot totaling roughly 6,510 sq., ft. Parking includes (8) gated parking spaces. While the exterior pays homage to the past, the interiors have been completely updated to include cable ready units, fiberoptic WiFi, central heat and A. C., redesigned kitchens, stainless steel appliances, granite countertops, microwaves, dishwashers and beautiful spiral staircases connecting each floor of the units. 900 North Hoover Street is located in the heart of Silver Lake and only 2 blocks from Los Angeles’s historic Sunset Junction, which is a major draw for dining, entertainment, and nightlife. The Sanctum Artiste is centrally located just south of Santa Monica Blvd. And a few blocks West of Sunset, at the corner of Burns Ave. And Hoover St., on a quiet residential tree lined street, consisting of well-maintained single-family homes and apartment communities.

North Hollywood, 11311 Huston

Price: $3,195,000
Units Total: 7
Lot Size: 7,101
Living Area: 7,352
Year Built: 1987
Parking: 28
Days on Market: 63
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.