Residential Income, California | Page 7 -001-11-30T00:00:00-08:00
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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: 126
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.

957 South ST ANDREWS Place

Price: $4,500,000
Units Total: 12
Lot Size: 9,424
Living Area: 11,170
Year Built: 1979
Parking: Yes
Days on Market: 54
Description: Apartment building on 957 S. St Andrews Pl. Wonderful location. Built in 1979 ** NO RENT CONTROL **All units laminate floor. The apartments are individually gas and electricity metered. Laundry income $980. Property is being sold in its “AS IS ” current physical condition.

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: 105
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.

Los Angeles, 1828 BUTLER Avenue

Price: $4,500,000
Units Total: 14
Lot Size: 8,611
Living Area: 4,860
Year Built: 1956
Parking: Yes
Days on Market: 81
Description: Oustanding location for 14 brand new condos, close to trendy Sawtelle Blvd. Plans currently with the city pending approval for 14 condominiums. 8 X 1,600 / sqft units and 6X 1,300 / sqft units. Seller will deliver the property RTI.

Los Angeles, 1517 West 8TH Street

Price: $4,500,000
Units Total: 34
Lot Size: 12,889
Living Area: 39,447
Year Built: 2018
Parking: Yes
Days on Market: 28
Description: RTI 34-unit multifamily project in budding City West, DTLA adjacent. The offering includes 1517 and 1521 W. 8th Street (parcels 5142-023-003 and 5142-023-004) for a total of 12,889 sq.ft of LAC2-2D land. The site is available as a “Ready to Issue Permits”, 34-unit by-right project. The entitled plan is all market-rate, includes an attractive unit mix of large 1 + 1 and 2 + 2 units and is fully-parked. Additionally, the City’s Transit Oriented Communities (TOC) Affordable Housing Incentive Program allows for an up to 70% bonus beyond the by-right density at this location. Up to 55 units can be built should a purchaser choose to re-entitle taking advantage of TOC’s incentives. Approved plans and reports are available, contact listing team or visit property website.

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: 26
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.

Santa Monica, 1846 10TH Street

Price: $4,499,000
Units Total: 10
Lot Size: 11,990
Living Area: 9,076
Year Built: 1958
Parking: Yes
Days on Market: 119
Description: Many units have been remodeled and have Washer / Dryers. There is an existing assumable loan of approximately $2,008,000 fixed at 3.29% with monthly payments of $9,183.31 until 4/1 / 2021. Monthly garage / laundry income is about $225. Cap rate at projected rents is 5.27%. Buyer must cooperate with Seller in a 1031 exchange at no cost or liability to Buyer.

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: 67
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.

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: 386
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

1233 North ORANGE GROVE Avenue

Price: $4,475,000
Units Total: 10
Lot Size: 7,364
Living Area: 7,546
Year Built: 1956
Parking: Yes
Days on Market: 63
Description: We proudly present the exclusive listing 1233 N Orange Grove Ave. Situated in prime West Hollywood, this 10 unit 1 and 2 bedroom apartment building provides upgraded luxury in the heart of Los Angeles. It has recently been beautifully renovated to include stainless steel appliances, new flooring, recessed lighting, upgraded bathrooms with custom shower tiling, in unit washer / dryer and A / C. Located nearby are some of LA’s top rated restaurants, famous comedy clubs and major employment hubs making this location a prime area to live.

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: 262
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: 123
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.

Fullerton, 2630 West Porter Avenue

Price: $4,400,000
Units Total: 11
Lot Size: 14,500
Living Area: 11,181
Year Built: 1965
Parking: 23
Days on Market: 27
Description: The Porter Street Apartments is a 100% Turnkey Asset, that is strategically located in north Orange County on a great cul-de-sac street. Constructed in 1965, the property underwent a complete renovation both exterior and interior in 2018. Additionally, this turnkey asset has a great unit mix of; Ten (10) – 2 Bedroom / 1 Bath Units, and One (1) 3 Bedroom / 2.5 Bath Unit. Amenities include; 17 garages, a central courtyard, and a common laundry room. From this prime location, tenants have convenient access to major attractions in Orange County such as Knotts Berry Farm, Disneyland, and Downtown Fullerton.

1155 North Madison Avenue

Price: $4,399,000
Units Total: 16
Lot Size: 12,197
Living Area: 10,768
Year Built: 1957
Parking: 1
Days on Market: 81
Description: Great Investment Opportunity in Hollywood Area. 16 Units Apartment Building. 3 Units are 2 Bedrooms and 1 Bath, 12 Units are 1 Bedroom and 1 Bath, 1 Unit is Single. Extremely High Rental Demand Area in Hollywood. Huge Upside Potential and Value Add. Building approx. 10678 SOFT. Lot Size approx. 12197 SOFT. Conveniently Close to Shops, Restaurants and LA City College. This area’s Popularity Has Grown Significantly Over the Recent Years. Each Unit is Separately Metered (Electrical and Gas). Community Laundry.

Los Angeles, 2402 CHELSEA Street

Price: $4,390,000
Units Total: 17
Lot Size: 16,388
Living Area: 9,096
Year Built: 1927
Parking: Yes
Days on Market: 19
Description: We proudly present the exclusive listing 2402 Chelsea St and 1216 N Soto St. Los Angeles, CA 90033. This unique property is master leased by a Los Angeles City Housing Affiliate for 5 years for a total monthly rent of $27,999, with an option for the Lessor to extend the master lease agreement for an additional 5 years. The property consists of 17 units with a mix of (1 + 1). The interior of each unit has been significantly updated and renovated including new hardwood flooring, brand new modern appliances, updated copper plumbing, lighting fixtures, open spacious floor plans and washer / dryer hookups, which are available for all units. Located in Boyle Heights this property has easy access to the I-5 and I-10 freeways, the property is just minutes away from the popular Downtown Arts District, Dodger stadium, Cal State LA and Downtown Los Angeles.

Glendale, 512 Griswold Street

Price: $4,390,000
Units Total: 10
Lot Size: 7,938
Living Area: 8,595
Year Built: 1964
Parking: 2
Days on Market: 59
Description: Amazing investment property located in the heart of Glendale can be yours! 10 newly renovated, bright and spacious units! Two of the units are a 1 bedroom, 1 bathroom. Eight of the units are 2 bedrooms with 1.5 bathrooms! Each unit features a 1 car parking (unit#1 has a private 2car garage), a community laundry room with new washers (2) and dryers (2), belongs to the owner, not leased. All units are tastefully remodeled, stainless steel stove, a dishwasher and a microwave is included in all the units. Building offers a new central A / C and a heat system,. New roof, New electrical, New copper plumbing, New windows, New exterior / interior paint, New landscaping. 100% occupied.

740 Manhattan Beach Boulevard

Price: $4,350,000
Units Total: 6
Lot Size: 5,457
Living Area: 4,722
Year Built: 1961
Parking: 6
Days on Market: 76
Description: 740 Manhattan Beach Boulevard IS a completely renovated six-unit apartment building just a half-mile from the Manhattan Beach Pier in Manhattan Beach, California. Tenants enjoy the property’s highly sought after location near the beach and numerous popular dining, shopping and entertainment opportunities. This turnkey asset consists of a 1961 construction with three two-bedroom and three one-bedroom units that have each recently undergone a $30,000 renovation. The units boast new modern kitchens with stainless steel appliances, new bathrooms, upgraded flooring and more. Additionally, the units are separately metered for gas and electricity. The property also features two two-car garages in the front and two single-car garages in the rear. With its excellent location, turnkey condition, and potential upside in rents, 740 Manhattan Beach Boulevard presents an excellent investment opportunity.

West Hollywood, 866 HILLDALE Avenue

Price: $4,325,000
Units Total: 8
Lot Size: 7,244
Living Area: 7,782
Year Built: 1957
Parking: Yes
Days on Market: 110
Description:

7817 VENTURA CANYON Avenue

Price: $4,300,000
Units Total: 26
Lot Size: 24,238
Living Area: 16,311
Year Built: 1973
Parking: 0
Days on Market: 126
Description: For Disclosure Regarding Auction and Overbid read Private Remarks. CBRE, Inc., as exclusive court-appointed agent, is pleased to present for sale four value-add apartment buildings totaling 83 units in North Hollywood and Panorama City in the San Fernando Valley of Los Angeles, California. Properties: 8849 Van Nuys Blvd., Panorama City, 7818 Ventura Canyon Ave., Panorama City, 6961 Whitsett Ave., North Hollywood, and 6943 Whitsett Ave., North Hollywood. Prospective buyers must sign the confidentiality agreement on our website and follow Court Referee bid instructions.

Costa Mesa, 2077 Wallace Avenue

Price: $4,300,000
Units Total: 12
Lot Size: 36,830
Living Area: 10,200
Year Built: 1963
Parking: 36
Days on Market: 5
Description: We are honored to exclusively present the 12 unit Westside Costa Mesa investment opportunity located at 2077 and 2083 Wallace Ave. Per assessor, total combined square footage of the lots is approximately 36,830 sq.ft. Each contiguous parcel has a separate address and Assessor’s Parcel Number (APN) – 6 units on each for a total of 12. All units are 2 bedroom / 1 bathroom single story bungalow style units. Residents appreciate the private patios, in unit washer / dryer hookups and attached 1 car garage plus 2 additional onsite parking spaces for each. Windows have been replaced in all. The units are separately metered for gas and electric and there no house meter for either of these utilities. The long term residents are all month-to-month and there is big upside in rents. Conservative pro forma income is approximately $2000 a month, which equals a pro forma Gross Scheduled Income (GSI) of $288,000. With updating and upgrades, similar Westside units have rented as high as $2750 per unit. The lots run street to street, extending from Wallace Ave to Palace Avenue. These are located in the Mesa West Residential Ownership Urban Plan specific zoning plan. These 12 units are perfectly located in the Westside renaissance area and are close to the dining, shopping and entertainment of Costa Mesa, while not too far from the ocean breezes of Newport Beach.

Laguna Beach, 2324 South Coast

Price: $4,295,000
Units Total: 5
Lot Size: 7,662
Living Area: 4,273
Year Built: 1956
Parking: 0
Days on Market: 86
Description: Spectacular unobstructed panoramic ocean and Catalina Island views. Nestled on an impeccably maintained property in Woods Cove, steps from the ocean and walking distance to restaurants, shopping, and downtown. Located in Laguna Beach and perched on a bluff above Pacific Coast Highway. This multifamily property offers approximately 4,300 livable square feet includes from studios to three bedrooms, and one and two bathrooms. Many upgrades including 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, several new plumbing fixtures, two fireplaces, and approximately 50 ft of new cedar wood fencing. The approximately 7,500 square foot lot is well cared for and landscaped with mature plants and trees. The property also includes a detached oversized two-car garage. This is a very unique property due to the amazing ocean views, excellent condition of the building, and flexibility of configuration. Laguna Beach is a coastal city in Orange County, California. It’s known for its many art galleries, coves and beaches. The main beach features a boardwalk leading to the paths and gardens of nearby. The existing zone is R-3. The property was bought through an auction, and it will be sold as-is-where-is with all faults. The owner is willing carry back with 50% down payment.

161 Ocean Park Boulevard

Price: $4,250,000
Units Total: 5
Lot Size: 4,731
Living Area: 3,352
Year Built: 1950
Parking: 5
Days on Market: 230
Description: Just one block from the beach in the prime area of Santa Monica also walking distance to restaurants and shopping. A fantastic opportunity as an investment or for an owner occupied situation.

Los Angeles, 1817 BELOIT Avenue

Price: $4,250,000
Units Total: 10
Lot Size: 7,923
Living Area: 9,526
Year Built: 1967
Parking: Yes
Days on Market: 17
Description: The property is located in the heart of the super hip “Sawtelle Japantown”, between Olympic Blvd and Santa Monica Blvd, known for its cool pedestrian vibe, dense collection of Japanese eateries and hipster cafes. This value-added opportunity is a 10 unit apartment consisting of 4 (large, full kitchen, studio style) units, 3 (1 bedroom) units, and 4 (2 bedroom + 2 bath) units, comprising 9526 sq.ft per assessor (buyer to verify). All of the units have been renovated and feature recessed lights, granite counters, air conditioning, and are cable ready. Many units have real hardwood or bamboo floors. The asset is virtually turn-key. Savvy investors should be able to create outsized returns with clever optimization of unit configuration and rental terms. The ingoing CAP Rate and GRM are very competitive with established market norms. The upside opportunity is not only real, but reachable given all of the particulars of this asset’s features, its location, and this submarket’s turnover trends.

Pasadena, 760 Earlham Street

Price: $4,250,000
Units Total: 13
Lot Size: 17,221
Living Area: 9,566
Year Built: 1963
Parking: 10
Days on Market: 4
Description: Triqor Group has been chosen to exclusively represent the owner of Earlham Apartments with an objective to accomplish a 1031 Exchange. This turnkey property contains an attractive mix of Studio, 1-Bedroom, and 2-Bedroom units. Property amentities include ample parking while each unit has private patio / balcony, stainless appliances and tasteful granite countertops. The property has undergone a substantial amount of upgrades over the years that provide residents with a modernized living environment. Earlham Apartments is a rare opportunity for an astute investor to purchase an apartment building with a proforma 5% Cap Rate and significant upside in one of the most exclusive markets in Southern California. The Earlham Apartments is located in Pasadena, conveniently located near the 710 and 210 Freeway. The city of Pasadena is highly recognized for its centralized location, with popular local attractions such as The Shops on Lake Avenue, The Huntington Library and North Simon Museum near Old Town Pasadena. Additionally, the property is just a few miles from Rose Bowl Stadium and Brookside Golf and Country Club. With its convenient positioning to local attractions, plazas, and freeways, the Earlham Property offers an investor the opportunity to acquire a turnkey property