Residential Income, California | Page 6 -001-11-30T00:00:00-08:00
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Buena Park, 6596 Indiana Street

Price: $2,795,000
Units Total: 11
Lot Size: 65,340
Living Area: 9,636
Year Built: 1979
Parking: 22
Days on Market: 205
Description: 11 Units – 7 Two Bedroom, One Bath and 4 One Bedroom, One Bath units. Month to month rental agreements. Separately metered for gas and electric. Nicely landscaped. Each unit has a one car garage and one off-street parking space. All units have interior laundry hook ups, plus common area laundry room on month to month agreement with Wash for additional income. Downstairs units have a patio area with concrete pad and updated fencing. Upstairs units have high beam ceilings in the living area, fireplace and lots of light. Swimming pool on property is currently capped, but can be re-done for added amenity. Ideal value add opportunity for experienced owner who can make a few improvements and bring the rents up to market.

218 East Balboa Boulevard

Price: $2,795,000
Units Total: 2
Lot Size: 2,614
Living Area: 2,816
Year Built: 1972
Parking: 2
Days on Market: 197
Description: Spacious duplex with views of the ocean and bay! Less than 300-feet from the beach and quick walk to the Pier. Comfortable, open floor plan, dual pane windows, beveled glass, and vaulted ceilings with elegant oak, maple, and cherry accents throughout. Large country kitchen with pantry and breakfast nook overlooking the bay and ocean. Central A / C, ceiling fans, custom brick patio, and wide, 2 car garage. All this, plus a separate 3 bed, 2 bath below! Featuring its own private entry, full kitchen, laundry, gas appliances, A / C, furnace, and high efficiency windows.

Long Beach, 5493 Atlantic Avenue

Price: $2,790,000
Units Total: 15
Lot Size: 9,911
Living Area: 9,280
Year Built: 1959
Parking: 10
Days on Market: 100
Description: The Atlantic Avenue Apartments is a 15-unit apartment community located in the North Long Beach submarket. Comprised of two buildings situated on a 9,911 sq.ft parcel, the property consists of fourteen 1bed / 1bath units and one 3 bed / 2 bath unit. The property is located within walking distance to bus lines, restaurants, and presents an opportunity to acquire a value-add asset that provides immediate cash flow.

Bell Gardens, 5825 Florence Avenue

Price: $2,750,000
Units Total: 30
Lot Size: 10,163
Living Area: 853
Year Built: 1942
Parking: 0
Days on Market: 86
Description: Garden Trailer Park is located at 5825 E. Florence Ave. Bell Gardens, Ca 90201 and is a 27 spaces trailer home park. This is a great re-development opportunity in the city of Bell Gardens! With great street frontage and high visibility. The park is just around the corner from the Bicycle Casino and near other big box retailers and chain restaurants. The property is perfect for a developer who has experience with projects in dense infill areas. The property is serviced by city water and sewer utilities. Electricity and Gas is sub-metered and paid by the tenants. The park pays for the water, trash and sewer. The park consists of Four parcels . The property contains of 2 shops in the front one in Barber Shop and the second is party supplies. The property also comes with a billboard which is on month to month agreement. A coin laundry and a 2bed / 1 bath house in the back. This won’t last collecting near $24,000 / per month

2607 Rockefeller Lane

Price: $2,750,000
Units Total: 5
Lot Size: 7,505
Living Area: 3,598
Year Built: 1952
Parking: 4
Days on Market: 36
Description: Fully renovated. New kitchen, new bathroom, newly painted walls, laminated flooring, etc. Front house plus 4 units rear building. Total 5 units. All 2bed-1bath. Fully rented. 2-car parking in front for Front House. 1-car garage each for 4 units.

Hermosa Beach, 123 34th Street

Price: $2,700,000
Units Total: 2
Lot Size: 2,554
Living Area: 2,380
Year Built: 1961
Parking: 3
Days on Market: 31
Description: Prime location, just half a block from the beach! Tear-down with approved plans to build, subject to inspection. Older duplex with a 3-bedroom, 2-bathroom unit upstairs and a 2-bedroom, 1-bathroom unit downstairs. The 2-car garage is assigned to the 3-bdrm unit and the 1-car garage is assigned to the 2-bdrm unit. Amazing opportunity to build a modern Zen dream home, designed by Luis de Moraes of EnviroTechno Architecture. Current rent is low because tenants have lived on the property for many years.

Venice, 605 INDIANA Avenue

Price: $2,699,999
Units Total: 3
Lot Size: 5,017
Living Area: 2,757
Year Built: 1921
Parking: Yes
Days on Market: 3
Description: Fabulously restored Craftsman triplex in the heart of Venice Beach featuring gorgeous distressed hardwood floors throughout, farm closet doors, custom cabinets, Caesarstone and stainless steel appliances in the kitchen and bathrooms. The main front unit has a 3 bedroom and 2 bath configuration and boasts cathedral ceilings and a beautiful front garden perfect for al fresco dining and entertaining. The second rear unit has a 2 bedroom and two bath configuration and features its own covered outdoor dining and entertaining terrace / deck and private parking and entry. The third upper-level unit has a 3 bedroom 2 bath configuration and enjoys above roofline views. The property is gated and has 4 dedicated parking spaces accessible through a side alley. Best of it all is it’s next to conveniences, the beach and Abbot Kinney’s array of cafes, restaurants, shops and bars.

Studio City, 4293 TUJUNGA Avenue

Price: $2,699,000
Units Total: 2
Lot Size: 13,072
Living Area: 2,796
Year Built: 1946
Parking: Yes
Days on Market: 3
Description: Properties 4293,4295,4297,4299 included in purchase price. Lots total 13,072, one tenant on property. Property being sold for land value. Plans to remodel the two story building can be included. Rear unit in the one story has been remodeled. Close to Tujunga Village, Ventura Blvd and the 101 Freeway.

Los Angeles, 2237 Carlyle Place

Price: $2,650,000
Units Total: 7
Lot Size: 75,914
Living Area: 7,081
Year Built: 1984
Parking: 7
Days on Market: 271
Description: There are 7 units on a lot with 360 degree view of hill top. Current income is $10,850 a month but the potential is tremendous. 2235 Carlye Pl, 2236 Carlyle Pl, 2241 Carlyle Pl and 2245 Carlyle Pl are four adjacent Prime Hilltop Estate in Los Angeles. 1) 2236 Carlyle Pl has Lot 23147 sq.ft 2) 2237 Carlyle Pl has 2966 Living sqft and 21000 sq.ft lot 3) 2241 Carlyle Pl has Quadruplex has 3183 sq.ft and 24,507 sq.ft Lot 4) 2245 Carlyle Pl has 932 sq.ft and 7260 sq.ft.

Corona del Mar, 420 Goldenrod

Price: $2,650,000
Units Total: 1
Lot Size: 3,540
Living Area: 2,796
Year Built: 1970
Parking: 2
Days on Market: 169
Description: Turnkey duplex replete with state of the art kitchens, bathrooms, lighting, cabinets, flooring and stone counter surfaces. This freshly remodeled 2 unit residence is open and bright and finished in a soft palette of warm colors complimenting the updated, contemporary feel of the property. Ideally located just footsteps from famous Goldenrod Footbridge and conveniently close to CdM Village beaches, shops and amenities. Perfect for an owner / user seeking income from second unit; or an investor, with combined projected rents of $10,000 – $11,000 monthly / 4.5% Cap.

3132 South Canfield Avenue

Price: $2,650,000
Units Total: 7
Lot Size: 8,006
Living Area: 7,456
Year Built: 1965
Parking: 9
Days on Market: 139
Description: The subject property is located in the very desirable Palms neighborhood of West Los Angeles. The property was built in 1965 and has an excellent unit mix of four (4) two bedroom / one-and-one-half bath units and three (3) three bedroom / two bath units. All units have been recently repiped. Situated in Palms, this property is close to shopping, dining, and entertainment hot spots in Venice and Culver City. This building is situated on a large 8,005 Sq. Ft. Of area lot and features an on-site laundry facility, a common room and nine (9) off-street parking spaces. This offering provides a great opportunity for an investor to be in a prime Palms location with potential to raise rents and increase value.

Venice, 667 BROOKS Avenue

Price: $2,649,000
Units Total: 3
Lot Size: 5,280
Living Area: 3,550
Year Built: 1926
Parking: Yes
Days on Market: 10
Description: Charming 1920’s Spanish Home with two Tri-level contemporary 1990 townhouses located in the rear not subject to rent control located in a gated compound with parking for 6 cars. Surrounded by multimillion $homes and just a few blocks from Trendy Rose Ave and Abbott Kinney. Townhouses have total privacy from front houses and perfect for work / live artistic space with high ceilings, plenty of light and large patio located off living room. Urban / chic interior materials, hardwood floors and fireplace in living room. Ground level bedroom and loft area with bathroom overlooking the living room. Both townhouses are vacant. Front house has coved ceilings and lots of 1920’s detail and charm. Breakfast nook / room, Hardwood floors throughout, pantry, private garden / patio area. Currently rented on month to month. Live in one townhouse and rent out the other or rent out the whole property with a potential of $160,000 yearly.

Lawndale, 4542 West 171st Street

Price: $2,600,000
Units Total: 4
Lot Size: 11,591
Living Area: 8,320
Year Built: 2006
Parking: 11
Days on Market: 77
Description: 4 detached townhomes built in 2006 (4542 W 171st St, 4544 W 171st St, 4546 W 171st St, and 4548 W 171st St), each with their own separate parcel numbers. Only one unit is available to view (4544). Each townhome has its own 2-car attached garage. There are 3 guest parking spaces total on the entire project. All 4 units to be sold concurrently. Each has their own separate parcel number (4081023045,4081023042,4081023044,4081023043).

1606 South Palos Verdes Street

Price: $2,600,000
Units Total: 6
Lot Size: 5,941
Living Area: 5,688
Year Built: 1993
Parking: 10
Days on Market: 126
Description: Very unique opportunity apartment complex with Marina Harbor View. Enjoy the seabreeze and feel the pride of ownership of this beautiful building. Great for investment Positioned on a very desirable corner of 16th St and San Pedro St, this is a truly rare buying opportunity. Six unit building consists of (3) 2 Bedroom 2 Baths, (2) 1 Bedroom 1 Bath and (1) 2 Bedroom 1 Bath. ALL TENANTS ARE MONTH TO MONTH AND THERE IS NO RENT CONTROL.

La Habra, 141 South Idaho Street

Price: $2,600,000
Units Total: 8
Lot Size: 15,108
Living Area: 7,323
Year Built: 1963
Parking: 8
Days on Market: 4
Description: The property has a desirable unit mix which consists of (8) large two bedroom / one bathroom units totaling 7,323 sq.ft, built on a 15,108 square foot lot. The building has recently gone through over $250K of interior and exterior renovations. Some renovations include, but are not limited to: new roof, new carports, new decks, new windows, and new interiors. All units are separately metered for gas and electricity. Tenants also enjoy on-site parking and an on-site laundry room. The location offers high visibility in an area known for its strong tenancy, good rent growth, and a historically high occupancy rate.

Newport Beach, 126 34th Street

Price: $2,595,000
Units Total: 2
Lot Size: 2,178
Living Area: 2,400
Year Built: 1978
Parking: 2
Days on Market: 84
Description: Turnkey income property. 2 villas that have been completely remodeled inside and out in 2016. Every detail has been meticulously thought out for this perfect location. Close to the boardwalk, Newport Beach Pier, shopping, dining, new Lido Hotel and Marina. Upper villa is 3 bedroom, 2 bath home with 9′ ceilings and a ocean view deck. Lower villa is 2 bedrooms with 2 bathrooms with large patio for alfresco dining and barbecuing. Both villas have huge master suites, indoor laundry units, and fireplaces in living rooms. Building has new dual pane windows, beautiful porcelain tile flooring, new cabinets in all kitchens and baths, exotic granite and marble. This is a must see for the discriminate buyer. Villas have been used for short term rentals with amazing results and income.

527 North Juanita Avenue

Price: $2,590,000
Units Total: 3
Lot Size: 6,133
Living Area: 4,655
Year Built: 1974
Parking: 6
Days on Market: 26
Description: Perfect investment opportunity in highly desirable area in South Redondo Beach. All 3 large units have been completed remodeled in 2016. Front unit is townhome-style 3 bed / 3 bath and second and third units are 3 bed / 2 bath. Each comes with large balconies, ocean views, fireplace, washer / dryer hookup, dishwasher and enclosed double car garage with remote controls. Also qualify for owner occupied interest rates.

Lynwood, 12230 Santa Fe Avenue

Price: $2,590,000
Units Total: 12
Lot Size: 27,369
Living Area: 8,868
Year Built: 1951
Parking: 12
Days on Market: 12
Description: Copper plumbing, paint, a new laundry room, new roof on garages, new garage doors, new concrete walkway to garages, new concrete for picnic tables and new barbecues. Most units were completely renovated with new kitchen cabinets and bathroom vanities with granite counter tops, new tile showers, wood trim and floorboards, refurbished hardwood floors, porcelain tile flooring in the kitchen and bathrooms, and new wall heaters and ceiling fans. Marketing package available upon request.

Los Angeles, 5723 Huntington Drive

Price: $2,580,000
Units Total: 0
Lot Size: 11,292
Living Area: 9,243
Year Built: 1929
Parking: 0
Days on Market: 225
Description: Excellent location in El Sereno neighborhood of Los Angeles. This 16 unit apartment is sitting on Huntington Dr. Next to South Pasadena and Minutes to Downtown LA. The building is well maintained, with recent upgrades: new electrical rewiring year 2008, new interior and exterior paint, copper plumbing retrofit and much more. The building is approx. 9,300 sq. Ft. With 12 Studios and 4 – 1 bedroom units. The lot is approx. 12,000 sq. Ft. Annual rental income is approx. $170,000. There is currently no vacancy. EXCELLENT INVESTMENT in a rent control area! Ongoing remodeling upgrades have totaled over $127,000 since 2015.

Los Angeles, 10465 ASHTON Avenue

Price: $2,580,000
Units Total: 3
Lot Size: 6,483
Living Area: 4,138
Year Built: 1935
Parking: 4
Days on Market: 9
Description: Rare opportunity to expand your portfolio with this A + neighborhood income property. Option to owner-occupy too! Located in a quiet neighborhood but convenient to the Wilshire corridor, UCLA, shopping and restaurants, this darling Townhouse Triplex, built in 1935, offers fantastic charm from the outside and modern updates from the inside, in each of the units. Features include newer windows, recessed lights, crown molding, updated kitchens w / SS appliances and granite counters, hardwood floors, inside laundry and A / C. The front unit is rented w / 2 bed + 1.5 bath + 1 car garage, the middle unit is rented w / 2 bed + 1.5 bath + 1 car garage, and the back unit is a vacant 3 bed + 1.5 and quarter bath + 2 car garage. Common patio and yard in back + garden area round out this idyllic property.

Seal Beach, 1213 Ocean Avenue

Price: $2,500,000
Units Total: 3
Lot Size: 5,528
Living Area: 2,263
Year Built: 1920
Parking: 6
Days on Market: 43
Description: This is a rare opportunity to own a double lot on Ocean Avenue with a triplex. It is located in the hidden gem of Old Town Seal Beach. This is a south facing property featuring an original l920 Craftsman Bungalow with two units in the back. It just steps to the beach and three short blocks to Main Street and the pier. The property includes beautiful private gardens and six parking spaces.

Santa Monica, 1235 17TH Street

Price: $2,500,000
Units Total: 6
Lot Size: 7,484
Living Area: 4,308
Year Built: 1956
Parking: Yes
Days on Market: 4
Description: Prime Santa Monica Investment property just off Wilshire Blvd. Four Bedroom House plus 5 one bedroom units with over 30% upside in rental income. This is a great opportunity for an owner user or for an income producing property in a Prime Santa Monica location. Perfect option for a 1031 exchange. Separately metered with on site laundry facility and parking. Close to restaurants and easy access to the freeways. Inside with accepted offer. Please do not disturb tenants.

Newport Beach, 129 40th Street

Price: $2,495,000
Units Total: 2
Lot Size: 2,605
Living Area: 2,350
Year Built: 1978
Parking: 4
Days on Market: 17
Description: An excellent opportunity for investment one block from the beach. This large duplex was completely remodeled in 2012. The lower unit is a 2 bed / 2 bath with hardwood floors, a cozy fireplace and a large updated kitchen complete with stainless appliances and granite counters. New carpeting in the bedrooms, freshly painted throughout, and a large sunny front patio with built in BBQ. The upper unit is a spacious 4 bed / 3 bath unit with hardwood floors, stainless appliances, high ceilings, brick fireplace and an ocean view terrace. A very rare four car garage as well!

Downey, 10632 Western

Price: $2,475,000
Units Total: 8
Lot Size: 8,709
Living Area: 7,625
Year Built: 1964
Parking: 8
Days on Market: 92
Description: **All Large 2-Bedroom Units With Balconies***Very Private Units with 12 parking spaces **Over 140k Of Capitol Improvements in the last year** 4 out the 8 units have been completely upgraded with news kitchens, bathroom and flooring. Copper pluming upgrade and new exterior paint and land spacing. Current Cap Rate 4.54 with a market Cap Rate of 5.21