Residential Income, California | Page 6 -001-11-30T00:00:00-08:00
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Alhambra, 225 Palmetto Drive

Price: $4,500,000
Units Total: 15
Lot Size: 16,553
Living Area: 11,110
Year Built: 1963
Parking: Yes
Days on Market: 54
Description: MacroReal Commercial, Inc. Is pleased to present the rare opportunity to acquire a 15-unit multi-family investment in Alhambra, California. THERE ARE APPROXIMATELY 14% UPSIDE IN GROSS POTENTIAL RENTS. The property is located at 225 Palmetto Drive, Alhambra, one of the most desirable city in Los Angeles County. 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 7 one-bedroom / one-bath units, 7 two-bedroom / one-bath units, and 1 three-bedroom / two-bedroom unit. This property offers upscale for investors to invest an asset with well-maintained condition.

Los Angeles, 3118 WABASH Avenue

Price: $4,500,000
Units Total: 24
Lot Size: 20,800
Living Area: 9,092
Year Built: 1966
Parking: Yes
Days on Market: 25
Description: Marcus and Millichap is pleased to present for sale a unique “add-value” opportunity located at 3118 Wabash venue. The unit mix is comprised of six 1 + 1 units, sixteen 2 + 1 units, and two 3 + 1 units This property is located in the exciting, up and coming Boyle Heights neighborhood, minutes east of Downtown Los Angeles. This property sits on the corner of Wabash Avenue, just east of Evergreen Avenue. The building has immediate access to the 10 freeway, and the Art’s District of Downtown Los Angeles is less than a 17-minute bike ride away. This property offers an investor the rare opportunity to add-value to a vintage building in the heart of an emerging neighborhood. This area is predominately comprised of attractive single family homes, surrounded by increasingly popular restaurants, retail and entertainment venues, drawing a wide range of creative professional tenants. Property is subject to City Ordinance #183893 pertaining to soft-soft story parking retrofit

Los Angeles, 7504 HOLLYWOOD

Price: $4,500,000
Units Total: 12
Lot Size: 9,563
Living Area: 11,810
Year Built: 1951
Parking: Yes
Days on Market: 15
Description: 7504 Hollywood Blvd. Is a twelve (12) unit multi-family property located on the corner of N. Gardner St. And Hollywood Blvd. The property consists of eight (8) 1BR + 1 Bath units and four (4) 2 BR + 1 Bath units. The current rents are below market and the property has approximately 20% upside in its current rents and is within walking distance to Runyon Canyon and is very close to the many high-end restaurants and attractions on Hollywood Blvd. The property can be purchased individually for $4,500,000 or part of the four property portfo0lio on Hollywood Blvd; 7200 Hollywood Blvd., 7407 Hollywood Blvd. And 7451 Hollywood Blvd.

Santa Monica, 1846 10TH Street

Price: $4,499,000
Units Total: 10
Lot Size: 11,990
Living Area: 9,076
Year Built: 1958
Parking: Yes
Days on Market: 22
Description: Many units have been remodeled and have Washer / Dryers. There is an existing assumable loan of approximately $2,008,000 fixed at 3.29% with monthly payments of $9,183.31 until 4/1 / 2021. Monthly garage / laundry income is about $225. Cap rate at projected rents is 5.27%. Buyer must cooperate with Seller in a 1031 exchange at no cost or liability to Buyer.

Los Angeles, 6125 HORNER Street

Price: $4,495,000
Units Total: 12
Lot Size: 10,216
Living Area: 10,466
Year Built: 1959
Parking: Yes
Days on Market: 112
Description: -Excellent Unit Mix with Large Units and Rental Upsides -Great Location Close to Pico and La Cienega Boulevard -Some Units Have Balconies -Secure Building; On-Site Parking and Laundry

Downey, 10528 ARRINGTON Avenue

Price: $4,488,000
Units Total: 16
Lot Size: 15,035
Living Area: 12,212
Year Built: 1958
Parking: Yes
Days on Market: 290
Description: This property is located in the north part of Downey, it has a very good potential for good income. Property has a laundry room with lease in place with an outside company

Whittier, 13112 Hadley Street

Price: $4,480,000
Units Total: 22
Lot Size: 15,177
Living Area: 17,127
Year Built: 1992
Parking: Yes
Days on Market: 51
Description: Well Maintained Quiet Neighborhood in the City of Whittier. “Bright and Hadley Building”. Built in 1992. Total 22 units mix building. Non-Rent Control. Inside total 17,127 sq. Ft on the lot size of 15,178 sq.ft. Downstairs has 12 units of Professional Offices. Upstairs has 10 units of Residential Apartments. Upstairs Apartment from Each unit has its own Central AC / Heating System and Water heater, new Dual Panel Windows, Crown Ceiling Molding, Wood Flooring. Upstairs are 10 Residential Units, 4 Units are 2 bedrooms / 1.5 baths, plus 4 units with 2 bedrooms and 1.5 bathrooms. 1 unit has 2 bedrooms and 1 bath and 1 unit has 1 bedroom and 1 bath. Currently March 2018, Monthly Gross Rental Income is approx. $28,573 . Projected Year 2018 Annual Gross Rental Income is $342,865 (Base on March 2018 Monthly Total Gross Rental Income $28,573. Total Gross Annual year 2017 Rental Income is $300,115. Total yearly Expense in Year 2017 is $88,967. Projected Annual year 2018 Net Income is approx. $253,897 Which Increase the Cap Rate to 5.2%. Upstairs has Laundry Room for Residential Tenant use. It is an excellent Investment Building for Long Term and Short Term Investors which allows the new Investor a great opportunity to increase the rents. An underground Gated Parking Lot for 25 Assigned Parking Spaces. Nearby Whittier City College, Whittier City Hall, Post Office, Library and Whittier Old Town.

Playa del Rey, 318 CULVER Boulevard

Price: $4,450,000
Units Total: 9
Lot Size: 8,529
Living Area: 7,601
Year Built: 1962
Parking: Yes
Days on Market: 165
Description: The rewards of this mixed use 9 unit property are as plentiful as are the options. 4 Residential 2 + 1 units fronting Pershing Dr. Combine with 5 Storefront Retail fronting Culver Blvd. To form this unique mixed use combination. Past feasibility studies have an exciting variety of creative buyers to this project. Envision your own. Egress possible via 333 Pershing. Strong upside for development in an underserved but rapidly gentrifying market. Just 3 blocks to the Beach. The Silicon Beach label has quadrupled pedestrian traffic. The traffic diet is gone. The airport won’t expand. This is the hot spot for the 21st century at Silicon Beach.

1711 East Ocean Boulevard

Price: $4,449,000
Units Total: 14
Lot Size: 8,269
Living Area: 7,898
Year Built: 1921
Parking: 0
Days on Market: 92
Description: 1711 East Ocean Boulevard is a partially renovated 14-unit apartment building just steps from the sand in Long Beach, California. This property’s excellent condition and coveted location just across Ocean Boulevard from the beach make it an excellent investment opportunity with substantial potential upside in rents. The offering consists of a 14-unit apartment building with 11 one-bedroom and three studio units that are separately metered for gas and electricity. Many of the units have been renovated and boast hardwood flooring, new windows, new bathrooms, and new kitchens with modern cabinetry, stainless steel appliances and granite countertops. The property also features shared laundry, copper plumbing and attractive landscaping. In addition to being just a short walk from the water, 1711 East Ocean Boulevard is well-located near Bixby Park and offers convenient access to the numerous popular dining, shopping and entertainment options available in both Downtown Long Beach and Belmont Shore. Long Beach has been experiencing rapid redevelopment in recent years, with billions of dollars worth of private and public developments currently underway. 1711 East Ocean Boulevard is located in the Alamitos Beach neighborhood, a particularly dense rental submarket in Long Beach with historically low vacancy rates.

Long Beach, 1055 Newport Avenue

Price: $4,425,000
Units Total: 13
Lot Size: 9,148
Living Area: 9,500
Year Built: 1985
Parking: 13
Days on Market: 26
Description: 1055 Newport Avenue is a 13-unit multifamily investment property located in Long Beach, one of the premiere housing markets in Southern California. Situated on a 0.21-acre lot, the 9,500 square foot property consists of one- and two-bedroom floor plans averaging over 730 sq.ft. Built in 1985, the property offers amenities including gated pedestrian and vehicle access, gated covered parking, private patios, private balconies, and on-site laundry.

1800 North KINGSLEY Drive

Price: $4,395,000
Units Total: 14
Lot Size: 11,375
Living Area: 7,738
Year Built: 1948
Parking: Yes
Days on Market: 28
Description: 1800 N. Kingsley Drive is a 14-unit Multifamily investment opportunity located in a prime Hollywood location. Originally constructed in 1948, the Property is a striking two-story structure with gated entry and parking, individual hot water heaters in every unit, and almost all new electrical wiring and copper plumbing. The Property has a total unit mix of fourteen one bedroom one bath units. In 2017, eight out of the fourteen units were extensively renovated with high-end finishes which include the following: new flooring, energy efficient LED lighting, base moldings, and new kitchens featuring quartz countertops, modern cabinetry, glass tile backsplashes and stainless-steel appliances. All of the renovated units have a new wall AC and heat unit along with in-unit stackable washers and dryers. Additionally, the exterior and common areas have been renovated with new landscaping and LED lighting. With 43% rental upside, this Property is both a stabilized asset and value-add opportunity.

Los Angeles, 11747 MAYFIELD Avenue

Price: $4,395,000
Units Total: 8
Lot Size: 7,501
Living Area: 7,120
Year Built: 1955
Parking: Yes
Days on Market: 12
Description: Coldwell Banker Commercial NRT is pleased to exclusively represent for sale 11747 Mayfield Avenue (“Mayfield”), a rare opportunity to acquire a well-maintained, 8-unit boutique community in the highly sought after Brentwood sub-market of West Los Angeles. With a walk-score of 90, Mayfield is just. 3 miles from Brentwood Town and Country which hosts Sugarfish, SoulCycle, and a number of other popular retail attractions at the Brentwood Center. Mayfield has an excellent mix of 1,2 and 3 bedroom units. Select units have been transformed into ultra-modern residences which boast new European cabinetry, stainless steel appliance packages with in-unit Washer / Dryers, LED lighting systems, engineered plank flooring, quartz countertops, Moen fixtures, custom Carrera and mosaic tiled bathrooms complete with spacious stand-up showers, and designer paint schemes.

West Hollywood, 866 HILLDALE Avenue

Price: $4,325,000
Units Total: 8
Lot Size: 7,244
Living Area: 7,782
Year Built: 1957
Parking: Yes
Days on Market: 13


Price: $4,300,000
Units Total: 26
Lot Size: 24,238
Living Area: 16,311
Year Built: 1973
Parking: 0
Days on Market: 29
Description: For Disclosure Regarding Auction and Overbid read Private Remarks. CBRE, Inc., as exclusive court-appointed agent, is pleased to present for sale four value-add apartment buildings totaling 83 units in North Hollywood and Panorama City in the San Fernando Valley of Los Angeles, California. Properties: 8849 Van Nuys Blvd., Panorama City, 7818 Ventura Canyon Ave., Panorama City, 6961 Whitsett Ave., North Hollywood, and 6943 Whitsett Ave., North Hollywood. Prospective buyers must sign the confidentiality agreement on our website and follow Court Referee bid instructions.

945 West Balboa Boulevard

Price: $4,300,000
Units Total: 2
Lot Size: 4,807
Living Area: 6,046
Year Built: 2011
Parking: 4
Days on Market: 41
Description: One of a kind residential duplex first time on the market! 945 and 947 W. Balboa, newly built completed in 2011 with two identical townhome style units with 3000 sq.ft each on a 4800 + square foot lot! Each unit boasts four bedrooms, four bathrooms and a beautiful open floor plan. This beach duplex is one house to the oceanfront and the pristine beaches. Rarely have a duplex like this one available on the market! It is perfect for investors and ideal for ocean close year round or vacation home! Each unit has a welcoming enclosed slate adorned patio, a spacious living room with fireplace, well designed open kitchen with granite counter-tops and stainless steel appliances, dining and family room, one bedroom and one full bathroom on the first level. On the second level, there is a spacious master bedroom with view balcony, great en-suite bathroom with whirlpool tub, walk-in shower and walk-in closets. Also features a den / recreation room, laundry area, a full hall bathroom, a secondary bedroom and a third en-suite bedroom with a full bathroom. All 4 full bathrooms have granite counter tops. Each unit has private access to it’s own separate roof top deck for entertaining and enjoyment of the views. Each unit has a direct access separate enclosed garage, a covered carport and storage area. Tremendous income upside! This unique duplex is conveniently located within short distance to shopping, beach amenities, Balboa Fun Zone, restaurants and renowned beaches!

921 North West Knoll Drive

Price: $4,300,000
Units Total: 9
Lot Size: 10,116
Living Area: 5,939
Year Built: 1924
Parking: 8
Days on Market: 78
Description: West Hollywood Terrace, a charming value-add 9-unit Spanish-style apartment in the heart of prime West Hollywood. The property is a garden style two-story apartment community with a beautifully landscaped courtyard and garden area. The property has an ±5,939 sq.ft building size and situated on a large ±10,116 sq.ft lot with an excellent curb appeal and just located one property away from the famous Santa Monica Blvd. It has an irreplaceable location with high walk score of 92 and within walking distance to myriad of restaurants, shopping, and lifestyle amenities West Los Angeles has to offer. It offers a strong demographics of ± $115,800 average household income within a mile radius. The property consists of 2 separate buildings with 4 units in the front and 5 units in the back. It has an attractive brick pavers driveway that leads to the parking area in the back and has Spanish concrete roof tile with red steps that lead to each unit. It offers a total of 8 parking spaces (7 garage and 1 open space) and a storage area. The property offers an advantageous unit mix of eight (8) 1 bed + 1bath, and one (1) 2bed + 1bath + den units. The property is located within West Hollywood Rent Stabilization Ordinance. This unit mix is considered advantageous because it will create higher turnover which will enable owner to realize the rental upside faster than larger units.

946 South RIDGELEY Drive

Price: $4,300,000
Units Total: 19
Lot Size: 8,178
Living Area: 8,840
Year Built: 1963
Parking: 0
Days on Market: 5
Description: Fantastic Miracle Mile Location! 19 units sits perfectly in museum row’s backyard on the corner of Olympic and Ridgeley situated just steps from the bus line, and a short walk to the future purple line stop. This building is comprised of bachelor units to be delivered at least half vacant with a great layout for hospitality, short-term accommodations or student housing. Can be delivered fully occupied if required by buyer. Recent capital improvements include: brand new hallway flooring and ceiling tiles, remodeled common kitchens, new fire control system, and new roof. 100% waterproof flooring installed, kitchens remodeled with new cabinets, quartz counter-tops and new appliances. Call now for additional details!

1966 South Beverly Glen Boulevard

Price: $4,295,000
Units Total: 8
Lot Size: 10,238
Living Area: 7,940
Year Built: 1951
Parking: 16
Days on Market: 14
Description: 1950’s courtyard style building located in one of the best locations in Los Angeles. Walking distance to Westfield’s Century City, and a few minutes drive to Beverly Hills. Pride of ownership building with a great unit mix, situated on over 10,000 sq.ft of land. Highlights: 1) Pride of Ownership Century City Property and location. 2) Walking distance to Westfield Century City. 3) Courtyard Style building on a ±10,272 sq.ft Lot4) Great unit mix (all 2 bedroom units) 5) Beverly Hills adjacent6) Future Development Opportunity with LAR3 Zonning.

Los Angeles, 12240 PACIFIC Avenue

Price: $4,250,000
Units Total: 11
Lot Size: 7,500
Living Area: 6,532
Year Built: 1964
Parking: Yes
Days on Market: 88
Description: Pacific Avenue Apartments, an 11-unit building in the heart of Mar Vista of which ten units will be delivered vacant. This is a unique opportunity for repositioning buyers to take advantage of a rare vacant building at a ‘Main and Main’ Mar Vista location. The property is one block from thriving Venice Boulevard and Centinela Avenue, complete with trendy restaurants, coffee shops, and specialty markets. The intersection is at the center of Mar Vista, one of the hottest submarkets in Los Angeles.

12121 LA MAIDA Street

Price: $4,250,000
Units Total: 16
Lot Size: 19,139
Living Area: 13,608
Year Built: 1954
Parking: Yes
Days on Market: 48
Description: Please contact Broker for rent roll or marketing package

161 Ocean Park Boulevard

Price: $4,250,000
Units Total: 5
Lot Size: 4,731
Living Area: 3,352
Year Built: 1950
Parking: 5
Days on Market: 134
Description: Just one block from the beach in the prime area of Santa Monica also walking distance to restaurants and shopping. A fantastic opportunity as an investment or for an owner occupied situation.

Malibu, 3946 PUERCO CANYON Road

Price: $4,250,000
Units Total: 1
Lot Size: 63,838
Living Area: 2,140
Year Built: 1946
Parking: Yes
Days on Market: 256
Description: 3946 Puerco Canyon Road is a commercially zoned property that sits at the intersection of Pacific Coast Highway and Puerco Canyon Road. The highly visible property sees about 30,000 cars pass by everyday, featuring more than 650ft of frontage facing the PCH. 3946 Puerco Canyon presents a rare investment opportunity. With breath-taking ocean views and a large commercially zoned lot, The Property calls for repurposed use such as creative office and retail space-a development that takes full advantage of the site and location. The property is currently used as a private residence and a dog kennel with a total construction area of approximately 2,140 sq.ft, not including the dog kennel. The triangle-shaped lot encompasses 1.47 Acres of land.

Los Angeles, 11816 GOSHEN Avenue

Price: $4,250,000
Units Total: 10
Lot Size: 7,498
Living Area: 7,530
Year Built: 1958
Parking: Yes
Days on Market: 6
Description: Located in one of the Westside’s most sought-after rental and investment markets, this 10-unit apartment building with significant rental upside is a great redevelopment or value-add opportunity. Sitting within a few blocks of grocery stores, dining and shopping options along San Vicente and Wilshire Boulevards, the property is also convenient to UCLA, Brentwood Village and the Getty and Hammer Museums. If you’ve been looking for a development opportunity or good, long-term value-add investment with rental upside in an “A” area, this is a great opportunity. Amenities include covered parking, laundry room and nicely landscaped grounds.

North Hollywood, 12132 HART Street

Price: $4,200,000
Units Total: 9
Lot Size: 8,816
Living Area: 8,035
Year Built: 2017
Parking: 0
Days on Market: 35
Description: 12132 Hart St presents a rare opportunity to own a new 2017 construction perfectly situated off Laurel Canyon Blvd in an ideal North Hollywoodlocation. This pride of ownership consists of 9 units less than a mile away from the 170 / Hollywood Fwy creating easy accessibility to the Bob HopeAirport, Whitsett Sports Fields, Surrounding Elementary Schools, and Major Noho Shopping Centers. Key features include laminate wood plank floors, granite countertops in kitchens and bathrooms, as well as shaker style cabinets. Each tenant benefits from convenient accessibility to a laundry room, tankless water heaters which can be found in every unit, and 18 parking spaces with controlled entry. Apartment garage is additionally hard wired for Electric Vehicles, providing convenient on-site charging. This incredible investment is non-rent controlled, leaving tremendous upside for any potential buyer and an opportunity to capitalize on an excellent property in a high growth market.