Residential Income, California | Page 7 -001-11-30T00:00:00-08:00
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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: 122
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. **

Harbor City, 1601 LOMITA Boulevard

Price: $4,599,999
Units Total: 24
Lot Size: 21,594
Living Area: 18,072
Year Built: 1963
Parking: Yes
Days on Market: 66
Description: 24 units on almost a 1/2 acre of frontage along one of the South Bay’s main arteries, connecting Torrance with the 110Fwy. – one a major South Bay job center and the other one of Greater LA’s main Freeways. The subject property is madeup of six, 4-unit buildings. All units are ALL ELECTRIC AND HAVE THEIR OWN HOT WATER HEATERS. Two laundry rooms on-site. Almost all 2 bed units = good tenant stability. Great “Buy and Hold”. steady cash flow opportunity. HUGE, unrealizedupside, over time, through easy aesthetic improvements. Or build on this large, R3 site! Immediate upside throughissuance of the “city of LA allowable year 2018” rent increase (3%) this Fall and by restructuring the on-site manager’s compensation. Huge job centers in Torrance, minutes away. As well as the Port of LA, a 10 minute drive South.

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: 191
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. The current ownership has executed an impressive renovation strategy that has attracted and supported excellent market rents with well qualified residents for the newly renovated apartment homes. Eight (8) of the sixteen (16) apartment homes (50% of units) feature re imagined interiors with expanded doorways / inner spaces, gut-levelrenovated baths and kitchens, new gleaming wood floors, new doors, lighting, locks, and hardware.

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: 231
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. Five units have been renovated with new wood floor, new appliances, new painting.

Van Nuys, 7461 HAZELTINE Avenue

Price: $4,500,000
Units Total: 29
Lot Size: 20,251
Living Area: 19,028
Year Built: 1962
Parking: Yes
Days on Market: 206
Description: We are proud to have been selected to exclusively market for sale 29 units located in the neighborhood of Van Nuys, California. The property is comprised of an excellent unit mix of Seven- Studio / 1 Bathroom, Seventeen- 1 Bedroom / 1 Bathroom and Four- 2 Bedroom / 2 Bathroom units. The asset represents a true value-add opportunity with more than 40 percent upside in rents. Van Nuys is located in the central San Fernando Valley region of Los Angeles and is strategically located near pockets of economic and development activity. It is home to the Van Nuys Airport and the Valley Municipal Building, and is the only neighborhood in the San Fernando Valley with a population exceeding 100,000 residents. Additionally, the property is proximate to California State University, Northridge, Premier shopping and dining destinations; including Westfield Topanga, The Village and the Northridge Fashion Center.

Glendale, 1303 North Brand Boulevard

Price: $4,500,000
Units Total: 10
Lot Size: 11,700
Living Area: 11,962
Year Built: 1956
Parking: 0
Days on Market: 185
Description: Large 10 unit building, all 2 bedrooms and 1 3/4 baths, many with central air conditioning and heating. Nearly 12,000 sq.ft of building with owner storage room. Parking for 10 cars in tuck-under spaces. Below market rents with plenty of upside potential. One (1) block to grocery, coffee and other retail and restaurants. See investment detail and unit photos on external attachment.

Tustin, 16001 Pasadena Avenue

Price: $4,500,000
Units Total: 14
Lot Size: 33,815
Living Area: 15,184
Year Built: 1964
Parking: 28
Days on Market: 106
Description: Great Tustin Location with Easy Access to the 55 Freeway and OCTA Busses. Strong Rental Market with Easy to Rent 2 and 3 BRs. Each Unit has a Single Garage, Parking Space and a Yard, Balcony or Deck! This well-kept Income Property has all New Double Pane Windows, Porcelain Tile, Wood Vinyl and Capet Flooring, some Granite, some Ceramic Tile Kitchens and Owned Laundry. Most Units have New Air Conditioners. All units have Individual Gas and Electric Meters.

Avalon, 346 Metropole Avenue

Price: $4,500,000
Units Total: 5
Lot Size: 4,810
Living Area: 9,718
Year Built: 2008
Parking: Yes
Days on Market: 16
Description: Nestled into the beautiful hillside of Avalon and encompassing approximately 9,718 sq.ft of living space over six floors, this rare, newer construction, 5-unit multifamily opportunity offers breathtaking panoramic views of the Pacific Ocean and the City of Avalon. Built to condo specifications in 2008, the subject property consists of (1) two bedroom / two bathroom unit, (1) three bedroom / two bathroom unit, (2) three bedroom / three bathroom units and (1) three bedroom / three bathroom townhomestyle unit. The units range in size from approximately 1,425 sq.ft to 3,278 sq.ft. Three of the five units have expansive private ocean view decks which range in size from approximately 560 sq.ft to 748 sq.ft. Tenants enjoy washer / dryer hookups, onsite parking (golf carts), fireplaces and central heat and A / C. All of the interiors have been highly upgraded with some combination of travertine flooring, hardwood laminate flooring, granite countertops in the kitchen and bathrooms, stainless steel appliances, crown molding, built-in-cabinets / book shelves, and recessed lighting. For increased security, all of the units have been equipped with fire sprinkler systems. The property is individually metered for electricity, gas and water.

Los Angeles, 2315 West 54th Street

Price: $4,500,000
Units Total: 14
Lot Size: 11,511
Living Area: 12,720
Year Built: 1993
Parking: 30
Days on Market: 248
Description: Acquire a turnkey high quality asset in the rapidly changing sub market of Los Angeles Park Mesa Heights. This neighborhood is situated between Inglewood’s premier new development projects and DTLA. This property is also close by to the proposed mixed use Baldwin Hills Crenshaw Mall project at the Crenshaw / Expo station. All 14 town-home units are 3 bedrooms and 1.5 bathrooms with 2 bedrooms and full bathroom on 2nd floor and 1 bedroom with half bath and open floor plan kitchen / living room on 1st floor. Compact floor plan of 900 sq.ft is perfect for roommates and families. Most units have been raised to $2,250 per month and potential exists to go to $2,500 per month. Subterranean parking accommodates 30 cars in tandem arrangements and property comes with onsite laundry and storage facilities. Key code access pedestrian gates on West 54th Street and remote opening parking gate through alley provide tenants with the peace and security that they desire. Perfect up-leg for 1031 exchange buyers or buyers looking for a well located high quality asset that will produce stable cash flow. Seller’s bank loan of $2,515,000 at 4.65% interest rate is potentially assumable for qualified buyers subject to Opus Bank conditions. Property is not subject to Los Angeles rent control ordinance as it was constructed in 1993.

1030 South SHENANDOAH Street

Price: $4,500,000
Units Total: 8
Lot Size: 7,051
Living Area: 8,300
Year Built: 1988
Parking: Yes
Days on Market: 66
Description: An eight-unit non-rent-controlled apartment building located in the Pico / Robertson submarket of Los Angeles, adjacent to Beverly Hills. Built in 1988, the property has four units on the first floor and four units (all of which have lofts) on the second floor, above a subterranean garage with fourteen parking spaces. The property offers a great unit mix of two 2 + 3 + lofts, two 1 + 2 + lofts, two 2 + 2’s, and two 1 + 1’s. The loft units have very high ceilings and windows allowing for a ton of natural light to flow into the units. All of the units have washers and dryers inside of the units. Additionally, there is immediate upside in the rent that can be achieved on the occupied units, especially with some upgrades.

Los Angeles, 4715 FOUNTAIN Avenue

Price: $4,500,000
Units Total: 12
Lot Size: 3,834
Living Area: 6,600
Year Built: 1924
Parking: 0
Days on Market: 62
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.

204 South Rexford Drive

Price: $4,499,000
Units Total: 4
Lot Size: 6,058
Living Area: 5,784
Year Built: 1929
Parking: 4
Days on Market: 147
Description: Hard to find, well maintained fourplex in prime location. Walking distance to Wilshire Blvd and Rodeo Drive. Beverly Hills Unified School District. Four two bedroom with one bathroom units, with own laundry rooms and garage parking. There is a Central courtyard, with rear exit doors from units. Freshly landscaped, newer double pane windows, some interior upgrades and repairs as well. Nearby parks include Oakhurst Park, Beverly Gardens Park and Roxbury Park. Nearby schools include Beverly Vista Elementary School, Kabbalah Children’s Academy and Hillel Hebrew Academy. Public transportation and all shopping nearby.

Garden Grove, 10622 Tibbs Circle

Price: $4,499,000
Units Total: 17
Lot Size: 19,602
Living Area: 12,275
Year Built: 1960
Parking: 16
Days on Market: 42
Description: This apartment is in a very high demand rental area with 0% vacancy. All Buildings have been Re-roof and Re-Pipes. Each unit now has its own shut off values for future maintenance. Rental income is well below market rent. 2 Bed / 1 Bath rental market price should be Minimum at $1400 – $1,500. There are lots of room on rental income, which will bring your cap ratio much higher.

Newhall, 24817 WALNUT Street

Price: $4,498,000
Units Total: 18
Lot Size: 22,888
Living Area: 15,280
Year Built: 1965
Parking: Yes
Days on Market: 69
Description: 24817 Walnut Street, an eighteen unit (plus one non-conforming unit) non-rent controlled apartment building, is located in the city of Santa Clarita. Built in 1965, the building features an excellent unit mix of 4 one-bedroom / one-bathroom units, 14 two-bedroom / one-bedroom units and 1 three-bedroom / two-bathroom unit. The building also features 1 non-conforming studio / one-bathroom unit. The property features a gates pool, laundry room and on-site tenant parking. The property has been well maintained by the current owner with potential to increase rents through the implementation of a more aggressive management and renovation program. The City of Santa Clarita is the third largest city in Los Angeles County, California, and the 24th largest in the state of California. Incorporated in 1987 to Los Angeles County, the city has annexed a number of unincorporated areas, contributing to the large population increase. Santa Clarita is located about 35 miles northwest of downtown LA

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: 467
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

Beverly Hills, 432 SMITHWOOD Drive

Price: $4,450,000
Units Total: 2
Lot Size: 6,599
Living Area: 5,054
Year Built: 1931
Parking: Yes
Days on Market: 91
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.

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: 342
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.

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: 203
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.

3714 INGLEWOOD BOULEVARD

Price: $4,400,000
Units Total: 12
Lot Size: 10,898
Living Area: 9,259
Year Built: 1963
Parking: Yes
Days on Market: 75
Description: Fantastic opportunity to reposition an asset on an over-sized lot with great curb appeal in prime Mar Vista, one of the hottest Westside sub markets trending at the moment. Great mix of (2) two-bedroom and (8) one-bedroom units, a studio and a bachelor unit. Over 20% upside in rental income with renovation.

Los Angeles, 8515 ALCOTT Street

Price: $4,400,000
Units Total: 7
Lot Size: 6,001
Living Area: 8,602
Year Built: 1989
Parking: Yes
Days on Market: 36
Description: BRC Advisors is pleased to present for sale a beautifully renovated seven-unit non-rent-controlled apartment building located in the Pico / Robertson submarket of Los Angeles. Built in 1989, the property has a unit mix of seven large two-bedroom units and a three-bedroom unit. Additionally, there are two parking spaces per unit in the subterranean garage. There are also a couple of Cell Towers with Sprint and T-Mobile that generate SIGNIFICANT additional income. This is a great long term hold or value add opportunity for a hands-on buyer. Existing Loan w / Chase can be assumed – UPB: ~ $2,050,000 with SIGNIFICANTLY BELOW MARKET INTEREST RATE OF 3.86% FIXED thru 03.01.23

San Gabriel, 9146 HUNTINGTON Drive

Price: $4,400,000
Units Total: 17
Lot Size: 18,846
Living Area: 12,725
Year Built: 1962
Parking: Yes
Days on Market: 28
Description: A visually pleasing property, in a prime location and Arcadia adjacent (mailing address is in San Gabriel, however property is located in unincorporated Los Angeles county), Realty Investment Advisors is proud to present 9146 Huntington Drive, a stellar 17 unit investment opportunity! This property is a literal 5-minute drive from the Santa Anita Westfield Mall and is located across the road from a local park and supermarket, with access to major roads and freeways. This is its first time on the market in 40 years! With a newer roof (approx. 2011), solar panels, and mostly remodeled units, it is well-managed and in a quiet and safe neighborhood. Boasting beautiful private space and spacious units, this investment opportunity appeals to a mass of individuals wanting to relocate to the area, from college students and young professionals – to families with children. The private and gated garden and pool offer personal enjoyment away from the hustle and bustle of the central areas. Contact us tod

Laguna Beach, 447 North Coast

Price: $4,395,000
Units Total: 8
Lot Size: 9,583
Living Area: 4,079
Year Built: 1920
Parking: 7
Days on Market: 52
Description: We are pleased to present an eight unit multi-family / retail cottage community located in one of the premier coastal communities of Southern California, Laguna Beach, CA. Located in the heart of North Laguna, right on N. Coast Hwy, the subject property was originally built in 1920, and consists of approximately 3,589 sq.ft on approximately a quarter of an acre lot. The building consists of 3 studio units, 3 one-bedroom / one-bathroom units, 1 two-bedroom / one-bathroom unit with a storefront retail space and a three-bedroom / one-bathroom detached cottage. The property is located on the Ocean side of N. Coast Hwy, just steps from Main Beach, Heisler Park, and world-famous Diver’s Cove. Furthermore, with a “Walk Score” of 82, this location is deemed to be “very walkable” where most errands can be accomplished on foot. The tenants benefit from the many restaurants, shops, art galleries and various other entertainment options all within a short walk from the property. This an absolutely incredible opportunity to acquire a true pride of ownership mixed-use asset in one of the most premier locations in all of Southern California, and would make a fantastic addition to any investor’s portfolio.

Monrovia, 203 South Madison Avenue

Price: $4,388,888
Units Total: 11
Lot Size: 17,599
Living Area: 9,696
Year Built: 1962
Parking: 15
Days on Market: 17
Description: Non rent control, completely rehabbed in 2018. Here is an opportunity to acquire an 11-unit apartment building in the city of Monrovia. This garden-style walk-up building was originally constructed in 1962, but has undergone a complete rehab in 2018 featuring: stainless steel appliances, remodeled bathrooms, quartz tops in kitchens and bathrooms, wood-style plank flooring, in-unit stacked washer and dryer, crown molding and recessed lighting to name a few. Unit mix on this non-rent-controlled property is comprised of ten – 2 bedroom / 1 bathroom units and one – 3 bedroom / 1.75 bathroom unit. The building has a flat, rolled composition shingle roof and concrete slab foundation. Units are individually metered for gas and electric and have individual water heaters. There are 15 total detached carport spaces: 7 single carport spaces; 4 tandem carport spaces. Please do not go on Property. Tenants do not know it is for sale.

Alhambra, 1512 West HUNTINGTON Drive

Price: $4,350,000
Units Total: 11
Lot Size: 27,428
Living Area: 9,344
Year Built: 1941
Parking: Yes
Days on Market: 14
Description: 1508-1512 W Huntington Drive (11 units, primarily bungalow-style). The single family residence behind the property is also for sale (932 N Electric Avenue). Can be sold together or separately. The Courts Alhambra is an 11-unit property, comprised of 10 total structures, including nine freestanding units and a duplex. The bungalows, constructed in 1941 on an oversized ±27,428 square foot, R3, double corner lot, with a total building size of ±9,344 sq.ft, are immaculately maintained and offer a large courtyard with lush greenery. Given the property’s solid real estate fundamentals, which include a desirable bungalow-style layout, excellent unit mix, turnkey building condition, and strong non rent-controlled Alhambra location, The Courts Alhambra is an unmatched investment for an investor seeking growth, stability, and a hedge against inflation.