Residential Income, California | Page 6 -001-11-30T00:00:00-08:00
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James M Wood Boulevard

Price: $3,950,000
Lot Size: 13,544
Year Built: 1912
Parking: Yes
Days on Market: 102
Description: 3 Story 12 unit Vacant Building in the heart of Mid Wilshire District. Completely remodeled inside and out. 4 Large 3 bedroom units and 8 Large 2 bedrooms each with 1 full bath. 12 separate electric and gas meters, Storage basement, new cooper, electrical, windows, hardwood floors, New heat and air units,

103 Paseo De La Playa

Price: $3,950,000
Units Total: 7
Lot Size: 9,356
Living Area: 5,369
Year Built: 1957
Parking: 3
Days on Market: 11
Description: Purchased in 1975, this building is one of a kind. 7 units, in wonderful condition! A + + on the corner of Paseo de la Playa and The Esplanade. Just steps from the Pacific Ocean! Two two bedroom, one and three quarter bath units in the front of the building have ocean views as well as ocean views from the decking of the upstairs one bedroom units. Three two bedroom, one and three quarter bath units, 3 one bedroom, one bath unit and one Studio. These are original units and beautifully kept. All the units are very large. The building is 5369 sq.ft and the lot is 9256 sq.ft. Two garages in the front with spaces in front for parking, one garage in the back + 5 carports. Most units have front and back doors for wonderful cross breezes. These are very long term tenants so rents are very low. Plenty of upside for all your 1031 exchange buyers. You can’t beat this value for this location!

Long Beach, 4041 East 2nd Street

Price: $3,900,000
Units Total: 10
Lot Size: 4,230
Living Area: 6,758
Year Built: 1950
Parking: Yes
Days on Market: 11
Description: The Second Street Apartments is a 10-unit garden style community with select units featuring ocean views. The asset offers new ownership an opportunity to acquire a turn-key property with a solid upside potential. Belmont Heights is amongst the most prestigious coastal neighborhoods in Long Beach, well known for its strong public school system and single home residencies. The median home value is $848,5434 which is 243% higher than the national average. The median rent is 48%higher than the national average of $928.

Venice, 35 DUDLEY Avenue

Price: $3,900,000
Units Total: 2
Lot Size: 3,225
Living Area: 2,160
Year Built: 1963
Parking: Yes
Days on Market: 38
Description: Silicon Beach- Rare opportunity to own Duplex (1/2 vacant) on a rare and highly desirable walk street 1/2 block from sand in Venice. Lower unit just made vacant for sale. There is a one car garage with extra parking (room to build larger garage). Lots of room to expand, this building does not max out the lot. There are two good sized yards (one for each unit). Top unit has been extensively remodeled this year, bottom unit remodeled a few years ago. Both units have washer dryers, fridge, stoves, micros. Both units have fireplaces. Easy to rent or live in one until entire building goes vacant then re-do into condos.

Venice, 2011 OCEAN FRONT

Price: $3,900,000
Units Total: 2
Lot Size: 2,520
Living Area: 2,248
Year Built: 1959
Parking: Yes
Days on Market: 11
Description: A truly unique opportunity to own a Venice landmark on the world-famous Venice Beach Boardwalk. Currently operated as a Jodi Maroni’s Sausage Kingdom, this property is in one of the most highly concentrated foot traffic areas of Ocean Front Walk. The restaurant encompasses the entire first floor and includes a full kitchen with two walk ins and ample dry storage. The upstairs offers a quiet residence comprised of 2 bedrooms and 2 bathrooms with stunning ocean views. The space is currently owner occupied. This is a once in a life time opportunity that you do not want to miss out on!

1548 MICHELTORENA Street

Price: $3,900,000
Units Total: 6
Lot Size: 7,500
Living Area: 3,770
Year Built: 1923
Parking: Yes
Days on Market: 4
Description: Unparalleled quality. Completely vacant. Over-The-Top Renovation. Crisp and Refined from every angle. Secured access property. Automatic Gate, automatic pedestrian door. Outdoor space. Each bungalow Central HVAC, Vintage fixtures and hardware, Solid Doug Fir cabinets and trim. Quarter sawn Oak floors. Built-in Bars w / backlit Stained glass, Built-in Cabinets, Custom shelving in closets. Sunlight refracting antique style glass windows. Custom stained glass in bath windows, Subzero refrigerators, Dishwashers, washer / dryers in each unit. Tankless water heaters. Restored O’Keefe and Merritt gas stoves. Private separate finished offices at rear of property, 1 for each unit. Nest thermostats, Malibu style tiles, Decorative Batchelder style faux fireplace. No house meters! 6 electrical meters, 6 gas meters, 6 water meters. 110 and 220 electrical outlets at ea parking space.

11668 DARLINGTON Avenue

Price: $3,895,000
Units Total: 4
Lot Size: 7,502
Living Area: 3,000
Year Built: 1936
Parking: 4
Days on Market: 174
Description: The only premiere multi-family development opportunity in prime Brentwood. This 7,502 sq.ft flat lot is zoned R3-1 and offers 50 ft of frontage on Darlington Ave. The 4-unit property is only owner occupied and will be delivered fully vacant.  There are no tenant relocation fees and the property is not subject to rent control. Current unit mix includes two studios, one 1 bed / 1 bath, one 2 bed / 2 bath. Keep as is for the perfect apartment complex or build new. The section between San Vicente and Wilshire Blvd has become the residential epicenter for apartments and condominium living in Brentwood. Darlington is one of the most prestigious streets in Brentwood and perfectly located steps away from all the best that San Vicente Blvd has to offer.

754 East SAN LORENZO Road

Price: $3,875,000
Units Total: 18
Lot Size: 43,200
Living Area: 11,880
Year Built: 1951
Parking: Yes
Days on Market: 21
Description: This unique property has been lovingly restored by current owners over the past 18 years. Many improvements including a heated saltwater pool and saltwater spa; professional artificial turf putting green; and custom micromist system around the poolside gazebo and palm trees that surround the pool. 18 single story bungalows with stunning mountain and garden views sit on. 99 / acre of lush lawns and fragrant gardens. High open wood beam ceilings and clerestory windows add light and brightness to the bungalows. Assumable loan OAC. All laundry done onsite. Property has thousands of repeat guests, and a great 2018 season already lined up. Business and real property being sold together. Awards include the five star Trip Advisor Certificate of Excellence for seven years in a row now; and HotelsCombined 2017 Recognition of Excellence which includes A Place in the Sun in the top 3% of properties for Customer Satisfaction in the USA. Owners are licensed real estate agents in California.

Santa Monica, 2602 3RD Street

Price: $3,850,000
Units Total: 4
Lot Size: 6,472
Living Area: 2,603
Year Built: 1910
Parking: 1
Days on Market: 343
Description: Once in a Lifetime opportunity to capture a beautiful- Pride of Ownership – 4 unit Trophy -historical property! Located on the most desirable street in Santa Monica! – 2 blocks to THE BEACH, steps to MAIN Street! Architectural Craftsman details abound! Front house features 2 bedrooms, 1 bath, fireplace, updated kitchen, delightful front yard, and private porch! Third and fourth units are TWO SEPARATE- Charming Craftsman houses, 244 Beach Street and 250 Beach Street. Each 1 bedroom, 1 bath, updated kitchen, storybook front porches and private decks! Three units have washer and Dryer’s! Rare- mature plant species frame the huge 6,472, s. F. lot (per assessor)! Endless possibilities to create a family compound- live in the main house with income! Parking for 4 cars, Please do not disturb tenants, inside shown with an accepted offer Only! Sold AS-IS! Square footage is not guaranteed, buyer to investigate.

2136 North BEACHWOOD Drive

Price: $3,850,000
Units Total: 11
Lot Size: 0
Living Area: 10,224
Year Built: 1955
Parking: Yes
Days on Market: 357
Description: 2136 North Beachwood Drive / / 11 UNITS – World-Class Beachwood Canyon / Hollywood Hills Location / Built in 1955/10,224 sq.ft Building C) Outstanding Unit Mix – Seven (7) Two Bedroom and Four (4) One Bedroom ApartmentsD) Separate Electrical and Gas Utility Metering E) Excellent Parking for Nine (9) Vehicles

Alhambra, 403 South Garfield Avenue

Price: $3,850,000
Units Total: 11
Lot Size: 31,732
Living Area: 8,018
Year Built: 1925
Parking: 6
Days on Market: 118
Description: Zoning: Professional Office. Three parcels of 403 S Garfield ave, 400 S 1st Ave and 404 S 1st Ave, the southwest block of Beacon and S Garfield, total 31,732 sq.ft will be sold together. Currently, 403 S Garfield ave is a 9unit multifamily residence with current income of $8,000 / month; 400 S 1st Ave ( $3000 / month Projected income, Vacant) single family residence and 404 S 1st ave ( $3000 / month) single family residence. The city of Alhambra allows a maximum floor area ration of 0.6 of professional office building development. Schematic design is available upon request.

Perris, 474 South F Street

Price: $3,820,000
Units Total: 20
Lot Size: 30,056
Living Area: 19,200
Year Built: 1990
Parking: 0
Days on Market: 31
Description: Built in 1990. Next to City Hall and Police Departments. Close to supermarkets, shopping centers, and transportation (new Metrolink Station). Many new employment opportunities many distribution centers in this area – Amazon, General Mills, Hanes Brand, Lowes, Ross, Starcrest Products, Wayfair, Whirlpool. Walking distance to city hall and police station. Fast growing area. Gross Rental Income (including laundry) = $231,504.100% occupied. Well maintained by the owner and tenants. No rent control. 20 Huge Units – 2 Bedrooms 2 Baths with an approximate size of 950 sq.ft with either private patios or balconies. Building = 19,200 sq. Ft. Most of the units are remodeled with new kitchens and floors. Huge lot = 30,056 sq. Ft. Total parking spaces = 40 Onsite laundry room. Recently remodeled with 6 machines. Secured remote controlled parking gates and fence.

Rosemead, 3824 Rosemead Boulevard

Price: $3,800,000
Units Total: 8
Lot Size: 17,051
Living Area: 8,568
Year Built: 2005
Parking: 16
Days on Market: 14
Description: BEAUTIFUL NEWER 8 UNITS TOWNHOUSE TYPE WITH 2 CAR GARAGE ATTACHED FOR EACH UNIT. SEPARATE ELECTRIC / GAS AND WATER METERS. PROPERTY IS IN EXCELLENT CONDITION AND ALWAYS RENTED. EASY TO MANAGE.

603 Carnation Avenue

Price: $3,800,000
Units Total: 2
Lot Size: 3,540
Living Area: 3,000
Year Built: 1978
Parking: 4
Days on Market: 17
Description: The location of this quintessential CDM south of PCH Cottage and rear condo is perfection. Both properties are condos with their own utilities and AP #. The 3 bedroom 2 bath front house has been completely remodeled with hardwood floors, vaulted ceilings, base and crown moldings, granite and marble counters and a chefs kitchen. Gorgeous rose clad front patio is the perfect relaxation and entertainment spot. There is another private patio on the rear area off the kitchen with fountain and private, charming atmosphere. Enter the office area with fireplace or perhaps make it another guest room. There are two, 2 car tandem garages with laundry for both units. The fully remodeled rear condo has a beautiful entrance leading to a “New York ” loft style space with 2 bedrooms and 2 baths plus an office with fireplace. This stylish, high end unit is so functional you will not feel you’re in a rear unit. The kitchen is a wonder with everything needed to entertain with Gaggenau stove, european appliances and more. The barrel ceiling gives expansive feel to the dining and livings space. A custom made travertine and iron dining table is included. The whole property comes with 2 washers and 2 dryers, Life Source water system, lifetime roofs, copper gutters, new siding and windows. Rear unit has air conditioning. Bring your fussiest clients because everything here is CUSTOM!

470 South Roxbury Drive

Price: $3,799,999
Units Total: 6
Lot Size: 6,382
Living Area: 5,757
Year Built: 1950
Parking: 6
Days on Market: 22
Description: A 50’s-vintage gem fronted by custom landscaping, on one of Beverly Hills’ most-renowned streets – and across from beautiful Roxbury Park. The building oozes character and charm, as does the location – and is within walking distance to world-class shopping and dining. The units have separate hot water heaters and separate electric and gas meters. Carport parking in rear is NOT attached, so there is no potential soft-story issue. The units all have hardwood and a mid-century modern fit-and-finish throughout. Copper plumbing, as well. A 2 Bed unit will be vacant at closing! Immediate market rent opportunity! A very rare opportunity to own an asset in a location that is without equal. A block South of Olympic and across from Roxbury Memorial Park. A perfect rental location.

Laguna Beach, 1530 North Coast

Price: $3,799,000
Units Total: 6
Lot Size: 4,200
Living Area: 4,400
Year Built: 1961
Parking: 4
Days on Market: 67
Description: North Coast Apartments is a mixed multifamily and retail property located at 1530 North Coast Highway in Laguna Beach, California. Built in 1962, the property consists of five* dwelling units and one retail suite on a 4,200 square foot lot. The property includes four covered parking spaces, an on-site laundry facility, and spacious patios with stunning panoramic ocean views (some units). *One unit is split into two units.

Laguna Beach, 2324 S Coast Hwy

Price: $3,795,000
Units Total: 5
Lot Size: 7,662
Living Area: 4,273
Year Built: 1956
Parking: 4
Days on Market: 30
Description: Located in Laguna Beach and perched on a bluff above the Pacific Coast Hwy, this R-3, Multi Family zoned property offers unobstructed panoramic ocean and Catalina Island views. An immaculately maintained multi-family building, which has been family owned and managed like it was their own home. Its approximate 4,300 livable square feet includes three levels and four floor plans from studios to 3 bedroom, and 1 and 2 bathrooms with washer and dryers in each residence. Many upgrades and some remodels, upgraded decks and railings, dual glazed vinyl windows throughout, new interior and exterior paint, considerable new electrical wiring and fixtures, new electrical panel, LED lighting throughout, new flooring and carpet, several new plumbing fixtures, two fireplaces, and approximately 50’of new cedar wood fencing. The 7,500 square foot lot is well cared for and landscaped with mature plants and trees. The property also includes a detached oversized 2-car garage. This is a very unique property due to the amazing ocean views, excellent condition of the building, and flexibility with configuration. PROFESSIONAL PHOTOS coming soon.

11703 South Berendo Avenue

Price: $3,790,000
Units Total: 18
Lot Size: 12,681
Living Area: 12,240
Year Built: 1960
Parking: Yes
Days on Market: 196
Description: PRICE REDUCED, PRICE REDUCED, PRICE REDUCED / / / / / / / / / / Investors Opportunity, 18 Units, 8 units, 2 bedrooms 1 bath and 10 Units 1 bedroom 1 bath, Most Units has been remodeled with, new paint, windows, granite, in rectangular Garden Apartment Building has 25 parking spaces, low vacancies, All units has been remodeled. New exterior paint. Drive by only. Building has Security System. SELLER VERY MOTIVATED.

Los Angeles, 10203 TABOR Street

Price: $3,750,000
Units Total: 10
Lot Size: 7,501
Living Area: 7,805
Year Built: 1961
Parking: Yes
Days on Market: 8
Description: The Tabor Apartments is a 10-unit apartment building located in the Palms area of the city of Los Angeles and situated just north of Venice Boulevard and just east of Overland Avenue. The property has a unit mix consisting of six units that are one bedroom with one bathroom, and four units that are two bedrooms with one-and-one-half bathrooms. There are approximately ten parking spaces located on the south, east, and west sides of the property. The three spaces on the east are tandem parking spaces. The property is a two-story walk-up building constructed of wood-frame and stucco. Units are individually metered for gas and electricity. The property has a high walk score of 87, meaning that the property is very walkable.

Burbank, 251 West Verdugo Avenue

Price: $3,750,000
Units Total: 10
Lot Size: 7,749
Living Area: 9,456
Year Built: 1988
Parking: 0
Days on Market: 130
Description: Excellent opportunity to own a trophy property in a superb rental location in highly sought Burbank location! Massive (25 + %) Rental upside! Excellent Unit Mix! Verdugo Apartments is a multifamily investment consisting of 1 two-story building approximately 9,456 sq.ft on a lot of approximately 7,749 sq.ft. The property is located at 251 W. Verdugo Avenue, Burbank, California. Built in 1988, the subject property features 10 units consisting of 8 two-bedroom two baths and 2 one-bedroom one-bath units. Each unit features either a private patio or balcony. The interiors are spacious with laminate flooring in most units, ceramic tile in the kitchen and bathroom and lots of storage closet throughout the apartment. Lastly, each apartment comes with two reserved parking in the subterranean garage. Verdugo Apartments offers great rental upside, covered parking spaces, and laundry facilities in an exceptional rental location. Minutes from Downtown Burbank Metrolink Station, Burbank Town Center, and a myraid of retail shops and restaurants.

Venice, 705 Sunset Avenue

Price: $3,750,000
Units Total: 4
Lot Size: 5,793
Living Area: 0
Year Built: 1945
Parking: 4
Days on Market: 74
Description: Spectacular Venice Beach Compound! Currently configured as (3) two-story townhouses plus (1) original bungalow and (4) car off-street parking. The three detached townhouses are exquisitely constructed with exceptional attention to detail. Each boasts a very efficient open floor plan incorporating two bedrooms and two bathrooms strategically positioned to maximize privacy, and exposure to both sunlight and sea breeze. Details such as high ceilings, hardwood flooring, radiant heating, skylights, operable glass walls, generous bathroom and closet space, custom cabinetry and enormous private roof terraces, provide for gracious entertaining and luxurious indoor / outdoor living. Perfectly located in the heart of Silicon Beach, this property sits just a few blocks from the shops and restaurants of Abbot Kinney and only a short stroll to the beach and bubbling Rose Avenue. This is an outstanding opportunity for an owner user or investor to operate high income / low maintenance rentals, with opportunities for future development and expansion. Condo conversion, small lot subdivision and live / work are all well within the realm of possibilities. This is the best that Venice has to offer. One or more units can be delivered vacant. ******Property is tenant occupied. Do not disturb tenants. ******

Santa Monica, 825 HILL Street

Price: $3,750,000
Units Total: 6
Lot Size: 8,028
Living Area: 4,262
Year Built: 1922
Parking: Yes
Days on Market: 72
Description: TERRIFIC INVESTMENT BLOCKS FROM THE BEACH AND CLOSE TO MAIN STREET, FARMER’S MARKET, RETAIL and RESTAURANTS. UPSIDE IN RENTS. LONG TERM OWNERSHIP, GREAT UNIT MIX, ON SITE PARKING AND WASHER / DRYERS IN EACH UNIT. PLEASE DO NOT DISTURB TENANTS. PUBLIC RECORDS SHOWS 6 UNITS AND SANTA MONICA HOUSING DEPARTMENT RECOGNIZES 6 UNITS, BUT BUILDING PERMITS SHOW 5 UNITS PLUS HOBBY-WASHROOM WITH SHOWER and TOILET FROM 3/24/1964. BUYER TO INVESTIGATE ON THEIR OWN AND SATISFY THEMSELVES AS TO THE ACTUAL NUMBER OF UNITS. PROFORMA GRM 16.98!

1131 North FULLER Avenue

Price: $3,700,000
Units Total: 10
Lot Size: 7,367
Living Area: 9,114
Year Built: 1963
Parking: Yes
Days on Market: 234
Description: Well-maintained 10 Unit Building: Spacious apartments each with big balconies, wood floors, and 6 units recently (#1,3, 4,5, 7,10) with new kitchens, granite, gas stoves, etc., newer baths with granite, (see photos), underground parking (not soft parking). The other 4 Units are well maintained in good shape. Clear Termite. Separately Metered. Rents shown are effective November 1st, 2017. Laundry machines owned by Seller, low rates can be increased. Income includes $200 per month from Laundry. Room for more machines, room for storage units to be built (more income), or room for ??? in the garage level. Ready to sell after many years of proud ownership. Subject to West Hollywood rent control. Operating Expenses for 2016 are attached as a document.

Santa Monica, 823 Wilson Place

Price: $3,700,000
Units Total: 2
Lot Size: 7,378
Living Area: 3,511
Year Built: 1913
Parking: 7
Days on Market: 111
Description: Two on a lot! Main home has been completely remodeled and is absolutely one of a kind Craftsman style Two Story home measuring 2618 sq feet with a separate detached guest house. 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.