Residential Income, California | Page 6 -001-11-30T00:00:00-08:00
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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: 3
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, 4715 FOUNTAIN Avenue

Price: $4,995,000
Units Total: 12
Lot Size: 3,834
Living Area: 6,600
Year Built: 1924
Parking: 0
Days on Market: 203
Description: Introducing 4715 Fountain Avenue – an impressive boutique apartment community that recently underwent a ‘white-glove’ renovation. Every square inch of this property was handled with the upmost care, in an attempt to preserve its architectural details, while at the same time implementing a modern take of urban luxury living. Comprised of 12 One Bedroom / Studio Flats with walk-in closets, 4715 Fountain offers an abundance of natural light from tall windows, high ceilings, and every in-suite amenity that you would never imagine in a 1920s era apartment building. This property is filled with classic details and designer finishes throughout such as high-end hardwood flooring, lighting fixtures, HVAC systems, full borderless glass shower enclosures, stainless appliances and combo washer / units in the kitchens. A community outdoor space includes waterless landscaping, lounge furniture, bicycle storage room, and doggy spa.

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: 117
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: 59
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.

588 East SAN LORENZO Road

Price: $4,950,000
Units Total: 13
Lot Size: 31,799
Living Area: 14,000
Year Built: 2012
Parking: Yes
Days on Market: 207
Description: RSL Hotel offered in its entirety or each of the 12 Turn-Key furnished units can be sold individually. Diverse income / management opportunities: Boutique Luxury Hotel (active Hotel License), Vacation rentals, Corporate or family compound, extended stay or sober living facility. Separate 2012 electric and gas meters, 13 APN Numbers (1 for office). Rebuilt from ground up in 2012 and taken to next level in 2018 with a new resort style Pool and Spa area, 12 New Carports plus secured, gated open parking. New courtyard featuring uniquely designed spaces for each ground floor unit. High end Finishes in all units with full kitchens. Eleven 2 bedroom, 2 bath homes plus a 2100 sq.ft 2 level Penthouse (Owners Unit) with 3 bedrooms and 3 bathrooms. Spacious front Lobby / Office. W / D in all units. Social area with outdoor kitchen, BBQ and fire pit. Water features and wrap around koi streams. Property is fully Fire Sprinklered with alarm and sound system. Exceptional surrounding View

Santa Monica, 838 7th Street

Price: $4,950,000
Units Total: 11
Lot Size: 7,520
Living Area: 6,500
Year Built: 1966
Parking: Yes
Days on Market: 42
Description: Motivated Seller. Submit all offers. The 7th Street Apartments is an extraordinarily well located 11-unit apartment community located in Santa Monica, California. Set amid lush surroundings on a 7,520 square foot lot, the 6,500 square foot property offers large studio and one bedroom apartment homes. All units have one covered parking spot in the back of the building. Built in 1966, the property offers a phenomenal rental location, and superb demographics. Tremendous Upside in Rents (75% +) Prime Rental Location 7 Blocks from the Beach 1/2 Block south of Montana

Moreno Valley, 24426 Dracaea Avenue

Price: $4,900,000
Units Total: 18
Lot Size: 993
Living Area: 27,000
Year Built: 2007
Parking: 2
Days on Market: 609
Description: 18 THREE STORY LUXURY TOWN HOMES FOR SALE. ALL HAVE SEPARATE APN#S BUT HOA HASN’T BEN ACTIVATED YET. COULD BE ACTIVATED AND SOLD SEPARATELY IN THE FUTURE. 10 UNITS HAVE 3 BEDROOMS 2.5 BATHS PLUS LOFT ON THIRD FLOOR. 8 UNITS HAVE 3 BEDROOMS 3.5 BATHS, ALL EIGHT OF THESE HAVE MASTER SUITES. UPGRADES INCLUDE MARBLE FLOORS IN KITCHEN, GRANITE COUNTERTOPS IN KITCHENS and BATHS, , HIGH CEILINGS, BERBER CARPET, WHIRLPOOL STAINLESS STEAL APPLIANCES, CANADIAN MAPLE WOOD CABINETS, WASHER AND DRYER HOOK UPS, CENTRAL AIR AND HEAT, DOUBLE PAIN WINDOWS, 2 CAR GARAGES, PATIOS, ALL UNITS ARE IN GOOD SHAPE. TENANTS PAY ELECTRIC AND GAS.

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: 538
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.

Venice, 60 Ozone

Price: $4,899,000
Units Total: 2
Lot Size: 4,752
Living Area: 4,678
Year Built: 2018
Parking: 6
Days on Market: 72
Description: Three-Story Luxurious Duplex Less Than 100 Yards From The Venice Beach Sand, In The Middle Of Silicon Beach And Walking Distance To Google HQ! Can Sell As Separate Units – See 60 Ozone (MLS #SB18172489) And 62 Ozone (MLS #SB18172506) Townhome Listings! Live The Life. Live The Dream. Each Unit Comes Fully Upgraded With Warm and Inviting Touches. The Hardwood Flooring Accentuates The Large Baseboards And Pleasant Pastel Interior Walls. Recessed Lights And Trendy Light Fixtures Throughout. As You Enter The 2-Car Tandem Garage, You’re Greeted By A Room That Can Be Used For Entertaining, A Study, Or Any Other Purpose Along With A Full Bathroom In The First Floor. As You Walk Up To The Second Floor, You’re Greeted By A Spacious Open Concept Kitchen With An Island, Dining Room, And A Living Room With An Electric Fireplace Where You Can Enjoy One Of The 3 Balconies This Property Offers. Each Kitchen Has Granite Counters, Tile Backsplash, And Is Decked Out With Top-of-the Line Thermador Appliances. Each Bathroom Has Elegantly Tiled Flooring And Shower Walls. Plantation Shutters Throughout Add Privacy As You Enjoy The Great Ambience In This Home. The Master Bedroom Has Balcony Access And An Amazing And Comfortable Master Bathroom And Walk-in Closet! To Top It All Off, You Can Access The Roof-top Deck From The Third Floor Where You Can People-Watch And Enjoy Views Of The Beach And City Lights While Enjoying Some Drinks With Your Loved Ones!

El Monte, 2826 Cogswell Road

Price: $4,890,000
Units Total: 12
Lot Size: 22,925
Living Area: 12,549
Year Built: 1981
Parking: 24
Days on Market: 3
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.

511 South RAMPART Boulevard

Price: $4,870,000
Units Total: 36
Lot Size: 12,425
Living Area: 19,036
Year Built: 1924
Parking: Yes
Days on Market: 48
Description: 511 S. Rampart Boulevard, is a 36-unit apartment building located in the emerging Westlake submarket of Los Angeles. The Property is a well maintained stucco building originally constructed in 1924, that has undergone some exterior and interior capital improvements. The offering represents an ideal value-add investment opportunity with tremendous rental upside. The Property has a total unit mix of 1 bachelor, 27 studios, and 8 one bedroom one bath units. Current ownership has renovated 13 out of the 36 units with electrical and plumbing upgrades and luxury modern finishes. The Property is secured with gated access and common areas and hallways have been expertly renovated throughout. Exterior and building upgrades include a new roof, new stucco and exterior paint, new tile, lighting, and paint in lobby / halls, new drain lines, and new landscaping. The offering represents an opportunity to acquire a charming 1920’s building in a rapidly changing and highly sought after neighborhood.

Santa Monica, 2632 MONTANA Avenue

Price: $4,800,000
Units Total: 8
Lot Size: 7,514
Living Area: 9,674
Year Built: 1968
Parking: Yes
Days on Market: 63
Description: The subject property is an eight unit apartment complex built in 1968 and located in prime Santa Monica. Ideally situated on the corner of Montana Avenue and Princeton Street, just between San Vicente and Wilshire, these unique units average over 1,200 sq.ft each. The property boasts six 2 bedroom, 2 bathroom units, one 1 bedroom, 1 bathroom unit and a single. Adjacent to the Brentwood Country Club, the property also falls within the highly sought after Franklin Elementary boundary. The improvements are built on a 7,513 square foot lot with a total rentable square footage of 9,674. There are 8 on-site garage parking stalls, all of which are tandem spaces comfortably fitting 16 cars. On-site laundry (owned) and 4 storage rooms.

Beverly Hills, 432 SMITHWOOD Drive

Price: $4,795,000
Units Total: 2
Lot Size: 6,599
Living Area: 5,054
Year Built: 1931
Parking: Yes
Days on Market: 11
Description: Heart and soul is felt throughout this hidden sanctuary in the heart of Beverly Hills. Step in to Italy through this remodeled European duplex with architectural details offering the most luxurious amenities of today. Romantic and charming duplex situated on a quiet tree-lined street. Each unit offers 3 bedrooms + 2.5 bathrooms hardwood floors and French windows throughout. Measuring approx. 2,500 sq.ft each, the units feature large formal living room with fireplace and beamed ceilings, formal dining, and gourmet kitchen with breakfast area and top-of-the-line appliances to satisfy the most discriminating Chef. Extensive remodel includes Venetian plastered Powder and master, custom built cabinets and walk-in closets, plus floor to ceiling marble bathrooms. Charming private patios surrounded by lush landscaping. 2 car garage for each unit.

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: 231
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.

971 South GRAMERCY Drive

Price: $4,700,000
Units Total: 5
Lot Size: 9,374
Living Area: 4,660
Year Built: 1922
Parking: Yes
Days on Market: 49
Description: The sale of two adjacent properties: 967 S Gramercy Dr and 971 S Gramercy Dr. 967 S Gramercy is a single family house, tenant-occupied. 971 S Gramercy is a 5-unit income property, fully occupied. Ideal for apartment development. Total of 15,623 sq.ft of land, R3 zoned, located in the transit oriented community incentive area (up to 70% density bonus possible). Buyer must verify all info and perform their own research and feasibility study.

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: 89
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.

Los Angeles, 3900 INGRAHAM Street

Price: $4,650,000
Units Total: 24
Lot Size: 8,652
Living Area: 10,754
Year Built: 1940
Parking: Yes
Days on Market: 49
Description: Ingraham 24-Unit Studio apartment building located in the highly desirable Koreatown submarket of Los Angeles. Great income property; 4.35 % CAP rate is from new $58K property tax calculation. This beautiful all 24 studio APT has two-story structure that 11 units have recently undergone full interior renovation between 2014 ~ 2017.19 units have been renovated in recent years featuring wood inspired laminate flooring and 11 units was upgraded with new kitchen cabinet, new refrigerator. Prime location; one short block to Wilshire / Western metro Station and Wiltern Theater. Located in one of Los Angeles’ most walkable neighborhoods, residents have immediate access to many of the best restaurants, bars and shops in Koreatown. An astute investor should view this opportunity as a rare chance to own in an A + location with 12 units upside in rents. Also, R4 zoning TOC Tier 4 development 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: 47
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

Los Angeles, 3245 West AVENUE 32

Price: $4,600,000
Units Total: 12
Lot Size: 10,199
Living Area: 11,966
Year Built: 1990
Parking: Yes
Days on Market: 42
Description: We are pleased to present 3245 W. Avenue 32, a 12 Unit NON-RENT CONTROLLED apartment community located in Glassell Park, CA (90065). The offering, built in 1990, features 12 large apartment homes with an exceptional unit composition featuring Twelve (12) Large 2 Bedroom-2 Bathroom apartment homes encompassing + / -11,966 sq.ft of improvements. Each unit includes central air conditioning and heating. The common areas feature 2 laundry rooms (building owned equipment), lobby and central courtyard. Each unit includes one or more balconies and select upper units feature treetop views of the surrounding city. Four (4) of Twelve (12) apartment homes (only 33% of units) have been upgraded. Property can also be sold with 3232 Avenue 32 (16 Units) right across the street. **Please contact Agents for Full marketing package. **

Manhattan Beach, 233 6th St

Price: $4,599,000
Units Total: 2
Lot Size: 2,705
Living Area: 3,278
Year Built: 1958
Parking: 2
Days on Market: 144
Description: Unique opportunity to own a full lot, corner walk-street duplex in the much desirable location of south Manhattan Beach. This property offers a chance for a buyer to get cash flow plus land appreciation. Front unit has 4 bedrooms, 2 bathrooms and walk-street patio. Rear unit has 2 bedrooms and 2 bathrooms. Two blocks to the sand. Both units share garage. Walk to downtown shops and restaurants

Sherman Oaks, 13506 Rye Street

Price: $4,575,000
Units Total: 14
Lot Size: 13,107
Living Area: 11,156
Year Built: 1959
Parking: 14
Days on Market: 49
Description: Nestled in a private cul de sac between Rye St. And Ventura Canyon Ave., 13503 Rye Street is a multi-family building that offers the valuable opportunity to own a well-maintained building in the San Fernando Valley’s trendy city of Sherman Oaks. Comprised of 14 units, the property boasts a total of 11,156 rentable square footage. There are two studios, two one-bedroom / one-bathroom junior unit, six one-bedroom / one-bathroom units, one two-bedroom / one-bathroom unit, one two-bedroom / one and one half bath unit, one three-bedroom / two-bathroom unit, and a larger three-bedroom / two-bathroom unit with private entrance, central a / c, hardwood floors, and private laundry. All unit interiors feature modern appliances, ceramic and travertine tiles, custom closets and sleek design. Furthermore, the building is master metered for gas and individually metered for electricity. In the heart of Sherman Oaks, 13503 Rye Street is within immediate proximity to dozens of shops, eateries, and galleries on the historic Ventura Boulevard. Also within a short distance is the Sherman Oaks Galleria, an icon in San Fernando Valley history that has evolved into a hot spot of award-winning restaurants and a unique collection of design and home furnishing stores. The District’s notable amenities include Arclight Cinemas, Burke Williams, 24 Hour Fitness SuperSport, and much more. Opportunity.

Los Angeles, 3209 DESCANSO Drive

Price: $4,550,000
Units Total: 16
Lot Size: 5,421
Living Area: 9,583
Year Built: 1928
Parking: Yes
Days on Market: 111
Description: We are pleased to present 3209 Descanso Drive, a 16 unit apartment community in L. A. ‘s most compelling rental market, Silver Lake, CA (90026). The offering, built in 1928, is less than one block from the iconic Sunset Blvd., and mere steps away from nearby entertainment venues. The current ownership has executed an impressive renovation strategy that has attracted and supported excellent market rents with well qualified residents. 3209 Descanso consists of Nine (9) Singles, and Seven (7) One Bedroom-One Bathroom apartmenthomes. Eight (8) of the sixteen (16) apartment homes (50% of units) feature re-imagined interiors with expanded doorways / inner spaces, gut-level renovations. 3209 Descanso Drive has 8 remaining unrenovated units allowing for future increased rent potential as the remaining units turn over. * * Please email listings agents for Full Offering Memorandum * *

San Gabriel, 241 San Marcos Street

Price: $4,500,000
Units Total: 15
Lot Size: 18,211
Living Area: 13,014
Year Built: 1964
Parking: 15
Days on Market: 62
Description: Introducing a 15 unit apartment building in the Mission District of San Gabriel. Approximately 13,014 sq.ft of Building on a 18,210 Square Foot Lot. Large units consisting of Ten 2 beds, Two 1 beds, Two Studios, and one 3 beds. Some units are two story and ALL units in complex are designed without any units living above another. Thus, it is a quiet and easily maintained building. Many units have private yard areas and balconies. Also includes owned laundry room for extra income. No rent control and a great investment. DO NOT walk on property or disturb tenants. Drive by only.

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: 150
Description: We are pleased to present the rare opportunity to acquire a 15-unit multi-family investment in Alhambra, California. 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. New remote gate for parking and new painting. Four units have been renovated.