Residential Income, California | Page 7 -001-11-30T00:00:00-08:00
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Corona, 567 Penrose Drive

Price: $2,450,000
Units Total: 12
Lot Size: 24,394
Living Area: 12,360
Year Built: 1964
Parking: 12
Days on Market: 52
Description: This is an excellent opportunity to acquire three individually parceled four-unit apartment buildings adjacent to one another in the city of Corona, California. Built in 1964, the property sits on approximately 0.56 acres and has approximately 12,360 sq.ft of rentable space. The property boasts a desirable unit mix of all two bedroom one-and-one-half bathroom townhouse style units and has a large amount of upside in rental income. Amenities on the property include on-site laundry facilities, off-street garage parking, and spacious two-story floor plans. Adding further appeal, an investor will be able to add significant value to the asset through improvements to the finishes of the property as well as implementing significant rental increases.

Long Beach, 5279 E. The Toledo

Price: $2,450,000
Units Total: 8
Lot Size: 3,755
Living Area: 3,389
Year Built: 1947
Parking: Yes
Days on Market: 7
Description: PRIME turn key property in the high demand neighborhood of Belmont Shore / Belmont Park. This two story balcony style EIGHT UNIT building is located just a few blocks from the beach, and has a total of 8 Studio / one bath units. Comprised of four different floor plans, the building has been recently upgraded and is in turn key condition. All eight units have been recently renovated, with upgraded bathrooms and interiors that include hardwood laminated floors. The site offers 1.5 parking spaces, in a residential neighborhood with an abundance of street parking. The building has an on-site laundry room. The exterior was re-landscaped and painted in 2017. An opportunity to own an asset in one of Long Beach’s best neighborhoods!

603 East Balboa Boulevard

Price: $2,395,000
Units Total: 2
Lot Size: 2,565
Living Area: 2,480
Year Built: 1991
Parking: 7
Days on Market: 390
Description: A rare 3 story live / work space in the heart of Balboa, with amazing views of the ocean, bay, Balboa Pavilion and the sparkling lights across the water. This unique contemporary building features retail space and garages for 6 cars on the ground floor. The top two floors consist of a 3 bedroom, 3 bath home with two fireplaces, indoor and exterior staircases, a flexible floor plan and expansive decks off of both levels to enjoy the panoramic vistas and ocean breezes. Live and work just steps from restaurants, shopping, beachside activities, the Balboa Pier, the historic Newport Pavilion, and the charming Balboa Ferry. So many uses- ideal for an owner / user as a full time home above your business, a perfect beach getaway or a short or long term rental with lots of upside potential. Projected rent of $7000 for residence, $2200 retail / office. Just steps to all Balboa has to offer! Built in 1991, this is the first time on the market, and a rare find. Call for a private showing or more information regarding this one of a kind jewel!

Los Angeles, 6222 ORANGE Street

Price: $2,395,000
Units Total: 2
Lot Size: 6,250
Living Area: 4,250
Year Built: 1936
Parking: Yes
Days on Market: 147
Description: RECENTLY REMODELED penthouse duplex. Over $500k in improvements. Over 2,100 ft per unit. Each unit has been converted to 3 bedrooms and 3.5 bathrooms using only the HIGHEST QUALITY MATERIALS: New German bathroom fixtures, glass showers, vanity tubs, COMMERCIAL toilets, stainless steel appliances, HANDMADE wood cabinets, HANDMADE linen curtains, polished concrete countertops. Upper unit has expensive reclaimed redwood floors. Lower unit has handmade Saltillo floors. Both units have master suites with huge master bathrooms and walk-in closets. BRAND NEW electrical, plumbing, HVAC, drip irrigation, alarm and water filtration systems. NEW water heaters, washer / dryers and EV charging stations. NEW custom built driveway gates and security system. NEW solar roof with 400 AMP service upgrade. 6 car parking. Adjacent to LACMA and future Fairfax subway stop. Short walk to The Grove, Whole Foods and city’s best shops, restaurants and gyms. R-3 zoning. Build more units!

Los Angeles, 6527 ORANGE Street

Price: $2,375,000
Units Total: 4
Lot Size: 6,250
Living Area: 4,232
Year Built: 1926
Parking: 0
Days on Market: 18
Description: New on market, an excellent opportunity for the astute investor in the dynamically developing San Vicente / Wilshire area, future home of Caruso Affiliate’s 333 La Cienega and the Steinberg designed condo / retail towers at La Jolla and Crescent Heights. Near the coming redesigned 25 meter pools at the library park on San Vicente. The gateway between Beverly Hills and Hollywood. Great city access with improving transpo possibilities with Metro’s Wilshire / La Cienega stop. Classic mid-20s building with 4 2 + 1 units having characterful details such as arched pass-ways, wood floors and crown moldings. Off street parking with four car garage plus additional paved pad space. This one won’t last! A great opportunity to own a unique investment property with potential upside in one of the most desirable locations in the City.

Venice, 749 VERNON Avenue

Price: $2,359,999
Units Total: 3
Lot Size: 4,802
Living Area: 3,400
Year Built: 1948
Parking: Yes
Days on Market: 119
Description: Reduced to sell, Appraised and valued at $2.5 million. Motivated seller submit all offers! Close to all that Venice offers this curb appeal Apartment building is priced to sell! , This is great for either an owner operator or investor as there is a large 3 bedroom 2 bath ground floor unit with two one bedroom units above. Secured, gated property with rear lane access, parking for 6 vehicles along with a two car garage and 4 open car spaces. Upper units have open floor plans, and vaulted ceilings. Rents may be increased dramatically. All tenants are on short term rentals. Submit.

Newport Beach, 319 Marine Avenue

Price: $2,350,000
Units Total: 3
Lot Size: 2,178
Living Area: 2,305
Year Built: 1965
Parking: 3
Days on Market: 86
Description: 319 Marine Avenue is an iconic mixed-use Newport Beach Trophy property located on Balboa Island. The property features a recently renovated spacious 2 bedroom 2 bath residence with a large balcony above two ground floor retail units. The property also features two garages with parking for three vehicles and accessible through the alley behind the property. The property offers investors a versatile mix of residential and commercial components in a highly sought after market and location.

Newport Beach, 216 21st Street

Price: $2,349,000
Units Total: 2
Lot Size: 2,178
Living Area: 2,180
Year Built: 1972
Parking: 2
Days on Market: 113
Description: MAJOR PRICE REDUCTION: Ocean view Balboa Peninsula Duplex furnished and available for immediate tenants or owner to enjoy! Both units have been tastefully remodeled and appointed with travertine flooring and great appliances / fixtures throughout. Lower Unit has a living area with fireplace, dining space, gourmet kitchen, 2 bedrooms, 2 bathrooms, private enclosed outdoor patio for great entertaining, and a garage with laundry area. Upper Unit features beamed ceilings, spacious great room with fireplace, dining space, gourmet kitchen with kitchen bar, a master bedroom with en-suite bath, two secondary bedrooms with shared bath, direct garage access and separate laundry room. This home is in a great location to walk and enjoy the Newport bay, beaches and many wonderful restaurants. The property has a driveway for two more vehicles and outdoor shower. 216 21st St is turnkey ready and perfect for personal or investment opportunities!

Montebello, 832 South Taylor Avenue

Price: $2,328,000
Units Total: 9
Lot Size: 18,532
Living Area: 9,147
Year Built: 1988
Parking: 20
Days on Market: 120
Description: 1988 BUILT WELL MAINTAINED GATED COMPLEX, TWO BLOCKS AWAY FROM METROLINK, CLOSE TO MONTEBELLO SHOPPING MALL, EACH UNIT WITH WALK IN CLOSET, WONDERFUL FLOOR PLAN, EACH UNIT HAS MORE THAN ONE SPACIOUS BALCONY. . .

1820 Manhattan Avenue

Price: $2,300,000
Units Total: 2
Lot Size: 2,343
Living Area: 1,100
Year Built: 1921
Parking: 4
Days on Market: 218
Description: GO FOR EQUITY ON DAY ONE WHEN YOU BUILD ON THIS PERFECT SPOT. THESE LISTING PHOTOS WERE TAKEN BY A HUMAN BEING-NOT A DRONE-SO THEY ARE A REALISTIC PORTRAYAL OF THE WONDERFUL PANORAMIC VIEWS YOU WILL ENJOY WHEN YOU BUILD YOUR DREAM HOME. AND THE VIEWS WILL NOT INCLUDE ANY TELEPHONE WIRES-THIS ONE OF THE FEW BLOCKS IN HERMOSA WITHOUT THEM. AND VIEWS WILL BE FROM INTERIOR LIVING SPACES, NOT JUST A ROOFTOP DECK OR A BALCONY FROM WHICH YOU HAVE TO CRANE YOUR NECK TO SEE BLUE AT ALL. THIS HBR2 PROPERTY AS IT NOW STANDS IS AN UP AND DOWN DUPLEX AND A DETACHED 2 CAR GARAGE WITH A PRIVATE YARD IN BETWEEN THAT IS THE PERFECT EXTENSION OF THE LIVING SPACE. BUT WHAT AN OPPORTUNITY TO BUILD. CHECK OUT PRICES OF SFRs OVER 3,600 SQ. FT. ON THE MARKET NOW-THEY AVERAGE $4.9M. JUST 2 BLOCKS FROM THE BEACH, IN CLOSE PROXIMITY and WALKING DISTANCE TO SAND, HERMOSA PIER, SHOPPING, RESTAURANTS AND AWARD WINNING SCHOOLS. DROP ON BY! PLEASE DO NOT TRESPASS, DO NOT DISTURB TENANTS. GREAT TENANTS-WHO WANT TO STAY. YOU WILL ENJOY INCOME WHILE PLANNING YOUR BEACH GETAWAY. BUYING HERE HAS BEEN A SMART DECISION FOR OUR FAMILY-IT WILL BE FOR YOURS TOO.

Chino, 3834 Francis Avenue

Price: $2,300,000
Units Total: 9
Lot Size: 103,672
Living Area: 5
Year Built: 1970
Parking: 6
Days on Market: 292
Description: Don’t miss out on this investment opportunity. 9 units on almost 2.5 acres. There is a 3 bedroom 2 bath home and Six 2 bedrooms 1 bath, two 1 bedroom 1 bath, located at the very back of this property is approximately 1/3 of an acre of land with horse stables that is being leased out. Owner is in the process of having three new septic tanks installed. City may allow 3 more homes / units. Buyer and buyers agent to perform there own due diligence for all plan construction and zoning, land usage and other information deemed important Close to schools shopping centers, air ports easy freeway access. *** DRIVE BY ONLY***

Venice, 835 Palms Boulevard

Price: $2,300,000
Units Total: 2
Lot Size: 5,382
Living Area: 3,237
Year Built: 1960
Parking: 2
Days on Market: 71
Description: The front unit of this duplex was the family home of the current owner for over 40 years. Originally a single level home, when their large family outgrew it in the 80s, they added a second story and reconfigured the unit to meet the needs of their growing family. The kitchen, dining room, living room with balcony and a sitting room were all added upstairs. Downstairs, with its 10 ft ceilings, they created 4 bedrooms and enlarged the bathroom along with a large family room as well as a laundry area in the hallway. There is peaceful greenery outside of every window and you can’t help feel the warmth that emanates from within these walls. The back unit is a small 3 bedroom, one bath home with hardwood floors and is easily rented. There is a laundry area in the garage for the use of the back tenant. This property sits in a desirable area of Venice where you can usually park on the street and yet you are close enough to take in the local flavor of Abbot Kenney Blvd. There is alley access at the back of the lot to the oversized 2 car garage and parking pad for several cars. There is also a built-in brick BBQ and a patio area in the back. This could be your dream investment property or check with the city to see what you can build.

1030 East Imperial Avenue

Price: $2,299,000
Units Total: 6
Lot Size: 6,166
Living Area: 3,974
Year Built: 1956
Parking: 6
Days on Market: 66
Description: Rare opportunity to purchase 2 adjacent 6-unit buildings. Each building has 2 two bedroom units and 4 one bedroom units. All units completely remodeled w / new doors, flooring and double pained windows. Laundry facility on the premises and enclosed parking. Non-rent controlled beach city. Very well maintained buildings less than 2 miles from the Pacific Ocean. Highly desirable beach community, close to schools, retail shops, restaurants, parks and the beach! Strong Capitalization on Future Income w / strong year-to-year appreciation.

1034 East Imperial Avenue

Price: $2,299,000
Units Total: 6
Lot Size: 6,183
Living Area: 3,974
Year Built: 1956
Parking: 6
Days on Market: 66
Description: Rare opportunity to purchase 2 adjacent 6-unit buildings. Each building has 2 two bedroom units and 4 one bedroom units. All units completely remodeled w / new doors, flooring, and double paned windows. Laundry facility on the premises and enclosed parking. Non-rent controlled beach city. Very well maintained buildings less than 2 miles from the Pacific Ocean. Highly desirable beach community, close to schools, retail shops, restaurants, parks and the beach! Strong capitalization of future income w / strong year-to-year appreciation.

Corona del Mar, 517 Orchid Avenue

Price: $2,298,500
Units Total: 2
Lot Size: 3,328
Living Area: 1,600
Year Built: 1946
Parking: 2
Days on Market: 49
Description: This coastal duplex (currently used as a non-conforming tri-plex) with cottage style living is located in the heart of Corona Del Mar. The front unit offers 2 bedrooms and 2 bathrooms. It features an open floor plan with modern wood floors, a cozy brick fireplace, white beamed and scraped ceilings, and modern paint colors. The light catching dutch door opens up to the front patio and yard. The spacious bedrooms each have en-suite bathrooms and closets with plenty of storage. Additional upgrades / features include upgraded lighting, baseboards, panel doors, windows, faucets, sinks, toilets and showers. This unit also has a private interior laundry room off of the kitchen. A private courtyard separates the front house from the back units. The back units are each 1 bedroom, 1 bathroom units (one upper and one lower). The lower unit is the non-conforming unit. It features wood floors, upgraded windows and baseboards, cozy kitchen area with an attached bathroom and accordion folding glass doors that open to the private courtyard with gas fire pit area. The upper back unit sits above the garage area. It features vaulted wood beamed ceilings, upgraded lighting, windows, doors, baseboards, wood flooring, and large bedroom with attached upgraded bathroom and French doors to the private balcony area with plenty of space for outdoor living and a relaxing view. Separate laundry area / hookups are situated in one of the 1 car garages. Located within blocks of the beach, dining and entertainment.

514 West Balboa Boulevard

Price: $2,295,000
Units Total: 3
Lot Size: 2,178
Living Area: 2,364
Year Built: 1964
Parking: 3
Days on Market: 53
Description: Rarely available multi use building on the Newport Beach peninsula only one block to the beach between the funzone and pier. Includes a rewly renovated restaurant with patio and three car garage on the ground floor. Upstairs are two spacious newly updated apartment units, 2bd / 1ba and 1bd / 1ba. Rooftop deck with ocean and Corona Del Mar views. Property currently is vacant

Long Beach, 1030 East Hill Street

Price: $2,275,000
Units Total: 8
Lot Size: 6,494
Living Area: 5,740
Year Built: 1987
Parking: 0
Days on Market: 10
Description: CBRE is pleased to present this clean 1987 built building, first time on the market in 30 years. All 2 bed 2 bath units with big upside rent potential. Common area laundry and 10 covered parking spaces. Each unit has their own water heater. Call listing broker Jack Levis for details, phone number below.

Alhambra, 1221 South Garfield Avenue

Price: $2,250,000
Units Total: 8
Lot Size: 14,866
Living Area: 6,680
Year Built: 1942
Parking: 10
Days on Market: 4
Description: Great investment opportunity has plenty of upside potential, 8 units located in prime location at Valley Blvd. All units have great floor plans, with wall heat, and window air conditioning. Laundry hookups in each unit and community laundry in back with coin-op. These units are perfect for any value-add investor looking to acquire income property and maximize its income potential. The units are currently leased to many long-time tenants on a month-to-month agreement at below market rents. With no rent control and an excellent rental market, buyer can quickly add value and increase the income. 10 car garages are provided for the 8 units, plus 2 extra. Tenants can also park on the street with paid city Permits. Located close to transportation, shopping and restaurants. Easy access to 10 and 710 fwy, minutes from Cal State LA, Downtown LA, Keck Hospital and all the restaurants and shopping Alhambra has to offer. Property rezoned VSP (Valley Boulevard Specific Plan) and the land use designation is Office Professional, buyer to confirm with city. (1221 and 1225 S. Garfield Avenue, being sold together, 2 APN’s – 1 water line)

1258 North Harvard Boulevard

Price: $2,250,000
Units Total: 8
Lot Size: 6,663
Living Area: 6,380
Year Built: 1964
Parking: 0
Days on Market: 4
Description: Great opportunity to acquire this 8, Unit Apartment Complex located at the heart of Hollywood. The subject property offers great unit mix, and consists of 1 (2 + 1.75), 5 (2 + 1), 1 (single + 1) and 1 (Bachelor + 1). Building offers 6 parking spaces, separately metered for gas / electricity (All units have electrical stoves). Capital Improvements in the last 10 years include New Copper Plumbing, New Roof, New Driveway. Building also offers onsite Laundry. LOTS OF UPSIDE POTENTIAL, CURRENT RENTS BELOW MARKET.

Laguna Beach, 861 Park Avenue

Price: $2,250,000
Units Total: 2
Lot Size: 15,429
Living Area: 2,219
Year Built: 1932
Parking: 7
Days on Market: 41
Description: Love the Beach! Want a HOME (or 2) with LAND and PARKING to spread out! Look at Laguna Beach – 2 BR 1.5 BA cottage single family home, with cozy fireplace and inside laundry. Plus this property includes an additional one bedroom 2 story ocean view town home– complete with kitchen, bath, office, storage rooms and huge vaulted ceiling living room, with balcony– legal for producing income, or utilize for yourself or your guests. All this Laguna Beach dream is found in the heart of Laguna Village, on an over 15,000 sq. Ft. Lot, approx. 2200 sq. Ft of living space. Includes its own private parking lot with room for up to 10 cars. Located 1 block from award winning Laguna Beach High School. There are ocean views, peaceful balconies, covered patios, quirky Laguna charm in every room, terraced planter gardens, mature trees and a winding, sloping brick pathway to the huge lower yard. The lower area can also be reached via an easement by foot or vehicle. Storage room between the two homes, extra washer, dryer hook-up. Located merely blocks from the Laguna shopping village, the Pageant of the Masters art venues, and the beaches of Laguna. Stroll your way through this delightful town and enjoy morning walks near to nature, and on the beach. Enjoy the ocean breezes while sitting on your private patios, or balcony. Unique property, one of the largest lots in town. Room to explore and enjoy all that Laguna has to offer. Near to The Laguna Trolley stops, community activities, and local parks.

Silver Lake, 236 North Dillon Street

Price: $2,250,000
Units Total: 4
Lot Size: 6,368
Living Area: 5,420
Year Built: 2017
Parking: 8
Days on Market: 2
Description: 236 N Dillon St is a 2017 construction luxury fourplex located in the trendy Echo Park / Silver Lake adjacent area. The property is in the final stages of construction, so make sure to get your pre-market offers in before the competition heats up! The property is not subject to rent control, so you can enjoy freedom, profit and peace of mind. The property has two duplexes made up of two 4 bed / 3 bath units and two 3 bed / 3 bath units. All four units are three-story townhome style apartments with plenty of on-site parking, including 4 garage spaces and 4 driveway spaces. The units will feature top of the line appliances, high quality finishes, spacious floor plans and laundry hookups in each unit. This fourplex is in just about the best location! 236 N Dillon St is conveniently located just minutes from Sunset Junction, Downtown Los Angeles, Rampart Village, Koreatown and many more action-packed areas that are home to countless restaurants, shops and bars.

Long Beach, 1043 East Broadway

Price: $2,250,000
Units Total: 6
Lot Size: 4,130
Living Area: 6,552
Year Built: 1923
Parking: 1
Days on Market: 29
Description: First time on the market in over 30 years! Charming, bright, airy, 6 unit turn-key apartment building. Centrally located in the prime area of Alamitos Beach in the city of Long Beach. Six units offered with a total of 6,552 sq.ft of living space, approximately 1,092 sq.ft each. Not Subject to Rent Control! This property has a private patio and backyard ideal for hosting parties. Dedicated laundry facility and separate owners’storage / garage. Market rent is $1,600 in as-is condition, $1,800- $1,900 proforma. Blocks from the ocean, restaurants, parks, coffee shops, metro and bus stops.

323 South Francisca Avenue

Price: $2,225,000
Units Total: 4
Lot Size: 6,041
Living Area: 3,970
Year Built: 1960
Parking: 6
Days on Market: 162
Description: Beautifully Restored and maintained Queen Anne Victorian Plus a Detached Triplex in South Redondo Just 3 Blocks to the Beach. A Rare Opportunity for Both Owner Users and Investors seeking a “Landmark Property” in a Premiere Coastal Community. This Property is Rich in Heritage with the Historical Victorian known as the Birthday House of Redondo Beach and includes a Detached Triplex. Great Unit Mix with (1) 3bed / 2ba (2) 2bed / 2ba and (1) studio. The Victorian has been meticulously maintained and one of the 2 bedroom units has been completely remodeled including kitchen and both baths. Current Mills Act Designation Greatly Reduces Property Taxes. All Offers Are Subject to Inspection. NOTE: Property is a legal 4 Unit (Home + Triplex) Tax Assessor information is INCORRECT. In addition, the total square footage is greater than the sq. Ft. Listed by the Tax Assessor.

Los Angeles, 1416 Gordon Street

Price: $2,200,000
Units Total: 3
Lot Size: 7,800
Living Area: 1,776
Year Built: 1913
Parking: 0
Days on Market: 241
Description: Location, Location! Here is a Duplex located near Sunset Blvd and next to Sunset Gower Pictures. This Duplex sits on a LAR4 which is a great location for that developer needing the lot for new imagination possibilities. Lots of new development happening on Gordon St and Tamarind St near Sunset Blvd. This property features 2 bedrooms and 1 bath each unit sitting on a Lot size of 7800 sq.ft 2 separate electric meters and gas meters. Great Location offer’s lots of great opportunities based on Hollywood’s development projects. This property is near new CIM building northeast of Sunset Blvd and Gordon Street in Hollywood. Great property for that developer with that creative imagination. See the video of the property and new development around this property.