Residential Income, California | Page 7 -001-11-30T00:00:00-08:00
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Van Nuys, 16153 VANOWEN Street

Price: $3,915,000
Units Total: 18
Lot Size: 18,708
Living Area: 15,246
Year Built: 1962
Parking: Yes
Days on Market: 39
Description: We are pleased to announce the sale of The Lexington, an 18-unit multifamily property in the LAKE BALBOA neighborhood of Van Nuys that has been substantially upgraded in recent years. Situated on a corner lot with excellent visibility, the two buildings occupy an 18,708 square foot lot zoned LAR-3. Much of the building exterior and common area has been heavily updated, with improvements ranging from new exterior paint and a renovated roof to full copper plumbing and LED lighting. The property features new stucco, a new driveway gate, double-paned windows, remodeled laundry rooms, and a new security panel. Numerous energy efficient upgrades were installed, including low flow water fixtures, a variable-speed pool pump, LED exterior lighting, and a timed drip irrigation system, which should benefit the owner and tenants alike.

Manhattan Beach, 323 23rd Street

Price: $3,850,000
Units Total: 2
Lot Size: 2,705
Living Area: 3,118
Year Built: 1992
Parking: 4
Days on Market: 186
Description: Two detached single-family homes (2 APN’s) offer breathtaking views from Malibu to Palos Verdes. 323 23rd Street consists of 1502 sq.ft. 2 bedrooms and 2.5 bathrooms featuring a grandfathered roof deck with stunning panoramic and sunset views of the Pacific. The master bath has a large glass shower completed with spa-like tub. 324 23rd Place has 1616 sq.ft. Of living area with an oversized tandem garage. This 3 bed 2 bath has a generous living room with large fireplace, updated flooring and lots of natural light. A prime sand section location with its proximity to downtown Manhattan Beach, shopping, restaurants, and award winning Grand View Elementary. It’s a perfect hideaway from the bustling city for anyone in search of a cozy space to call home. Be the lucky one to live the true Manhattan Beach life style.

3300 Castle Heights Avenue

Price: $3,775,000
Units Total: 14
Lot Size: 11,600
Living Area: 11,213
Year Built: 1953
Parking: Yes
Days on Market: 27
Description: Palms 14 unit apartment building 1/4 mile from Metro Expo Line stop consisting of all 1 + 1 units. All units feature a spacious floor plan and bathrooms with a separate tub and shower. The building was repiped in 2011 with copper plumbing, the majority of shower pans have been replaced, it is separately metered for gas and electricity and shares an intercom entry system with the adjacent property. On-site parking is located at the rear of the property as is a large storage room that could be converted into a laundry room. This property is part of a larger Westside apartment building portfolio consisting in total of 99 units and listed for sale at $46.9M. Properties can be purchased together or separately. CLICK ON PRIVATE REMARKS FOR SALE PROCESS INFO.

La Habra, 960 HILLSIDE Street

Price: $3,750,000
Units Total: 6
Lot Size: 2,250
Living Area: 10,244
Year Built: 2006
Parking: Yes
Days on Market: 13
Description: LOCATION LOCATION LOCATION on this RARE OPPORTUNITY to purchase 6 newer 3 bedroom 2.5 bath homes built in 2006 all on separate lots (Total Lot Size Approximtely 22,500 sq.ft) , each with their own parcel number and active HOA. Property is being sold as ALL SIX UNITS together to be sold and closed simultaneously. Property owned and managed by same owners since built. This beautifully landscaped property on a large lot with ample parking is located NORTH of WHITTIER BVLD heading up into the hills of La Habra Heights. Large park near by. Close to schools, shopping and freeways. Rarely a vacancy in 11 years of ownership / professionally managed. Each unit features approximately 1700 sq.ft with a two car attached garage, granite kitchen countertops, custom counters and wood floors. Each unit has a small private patio / yard they are allowed to fix up as they wish.

754 East SAN LORENZO Road

Price: $3,750,000
Units Total: 18
Lot Size: 43,200
Living Area: 11,880
Year Built: 1951
Parking: Yes
Days on Market: 199
Description: Many improvements including a heated saltwater pool and saltwater spa; professional artificial turf putting green; and custom micromist system around the poolside gazebo and 8 palm trees. Priv wifi and modem, and elec f / p’s, in every room. 18 single story bungalows w / stunning mountain and garden views on. 99 / acre of lush lawns and fragrant gardens. High open wood beam ceilings and clerestory windows add light and brightness to the bungalows. 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 every year from 2011 to present; 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. OREL

1015 North Vista Street

Price: $3,750,000
Units Total: 10
Lot Size: 6,641
Living Area: 8,094
Year Built: 1962
Parking: 10
Days on Market: 54
Description: Well-kept 10-unit building located in the heart of West Hollywood one of the most well managed progressive cities in Los Angeles County. Walkability at its best, short walk to Melrose Ave., Santa Monica Blvd, Trader Joe’s, recreation and cultural center. Enjoy star gazing Hollywood dining experiences on Melrose Ave. This well-maintained property is ideally located in a progressive lifestyle community close to Beverly Hills, Rodeo Ave and Hollywood California. 1015 N. Vista St is a highly desired income producing investment property. The building was recently updated with major capital improvements reducing future operating capital expenses. New exterior paint, newly painted parking lot and laundry room. New LED energy saving lighting system saving on utility bill. New fresh water pressure regulator, new hot water pump and new cast iron sewer system. Opportunity for savvy investor with to buy and hold strategy. This secured multi-family building has subterranean parking and coin operated laundry facilities adding another revenue source. Pride of ownership building located near Plummer Park Community Center, dog park, tennis courts and Poinsettia Park and much more. This is an opportunity to own a low maintenance building in an upscale active lifestyle community.

853 North MCCADDEN Place

Price: $3,749,000
Units Total: 4
Lot Size: 7,250
Living Area: 7,374
Year Built: 2018
Parking: Yes
Days on Market: 21
Description: Four (4) brand new turnkey luxury residences in premiere Hollywood / Hancock Park. Each home features 3 bedrooms + 3.5 bathrooms with direct entry private 2-car garages with an elegant and modern townhouse design. Bright and open floor plans that include contemporary kitchens with center island / breakfast bar with Caesarstone counter tops, all stainless steel high end appliances, and balconies off the living room and kitchen areas. Beautiful engineered wood floors grace the interiors of each home. Multiple color schemes highlight living spaces. Additional features include dual glazed windows, central heat and air, washer / dryer and walk-in closets. Built as an income producing property, each unit is individually metered for water, gas, electric and including the communal areas. Centrally located blocks away from trendy restaurants, shopping, and markets on Melrose Avenue and minutes from the Sunset Boulevard strip. Geographically situated to benefit from continued area growth and rental increases. A Must See!

1007 North SAN VICENTE

Price: $3,749,000
Units Total: 4
Lot Size: 6,734
Living Area: 5,739
Year Built: 1947
Parking: 0
Days on Market: 24
Description: ALL RENTS ARE ACTUAL AND ALL UNITS LEASED – 3.91 CAP RATE Achieve the highest possible CAP RATE while living in a Trophy building / location just steps from the Sunset Strip and London Hotel. Ideal cash flow for a pristine completely renovated 4 unit building. Units comprise of flawless finishes along with all of todays needs / amenities, central air / washer / dryer / range / fireplaces / private garage parking and patios. Consistent with the finest appliances and materials each individual unit is unique and rare with massive vaulted ceilings and architecture. All units leased at market rent except for unit 4 which provides tremendous upside at a projected rental rate of $4,071 per month. Subject property also boasts potential future development opportunity as it is sited on a WDR4 lot.

Silver Lake, 3729 Tracy Street

Price: $3,695,000
Units Total: 6
Lot Size: 8,010
Living Area: 6,463
Year Built: 1937
Parking: 6
Days on Market: 192
Description: The Tracy is an immaculately maintained 6-unit apartment complex located in Silver Lake, California. Set amid lush surroundings on a 8,009 square foot lot, the 6,463 square foot property o? ers two-bedroom apartment homes in a variety of floor plans. Built in 1937, the property offers patios and / or balconies, an excellent rental location and superb freeway access. PROPERTY DESCRIPTION * Owner User Opportunity * Prime Silver Lake Location * Substantial Renovations * 30% Rental Upside * Gentrifying Area * Spectacular Hillside Views

Long Beach, 4041 East 2nd Street

Price: $3,690,000
Units Total: 10
Lot Size: 4,230
Living Area: 6,758
Year Built: 1950
Parking: 3
Days on Market: 190
Description: The Second Street Apartments is a 10-unit garden style community comprised of a studio, one-bedroom, two-bedroom and three bedroom units with ocean views and three private garages. Investors have the opportunity to add value to a turn-key property located in prime Belmont Heights. The asset’s highly sough-after location is just a few steps from the ocean, Belmont Pier and walking distance to a multitude of retail corridors, restaurants, coffee shops and bars along Long Beach’s busiest main streets, East Broadway and East 2nd Street. Belmont Heights is one of most prestigious coastal neighborhoods. The neighborhood is a pedestrian friendly neighborhood boasting a walk score of 83.

Los Angeles, 321 South HAMEL Road

Price: $3,650,000
Units Total: 8
Lot Size: 5,467
Living Area: 6,490
Year Built: 1958
Parking: Yes
Days on Market: 55

Whittier, 7825 Duchess Drive

Price: $3,640,000
Units Total: 13
Lot Size: 13,504
Living Area: 10,530
Year Built: 1962
Parking: 0
Days on Market: 11
Description: 7825 Duchess Drive is a 13-unit multifamily investment property located in Whittier, one of the premiere housing markets in Southern California. Located adjacent to a large retail center and Interstate 605, residents have easy access to grocers and transport routes to employment centers throughout Southern California. 7825 Duchess Drive is also half a mile from Pioneer High School and Ada S. Nelson Elementary School. Built in 1962 and renovated in 2017,7825 Duchess Drive offers investors the opportunity to capitalize on turnkey renovations that should increase rental income by approximately 7 percent. Situated on a 0.31-acre lot, the 10,530 square foot property consists of one-, two, and three-bedroom floor plans averaging 810 sq.ft. 7825 Duchess Drive offers parking, on-site laundry, a spacious courtyard, and newly renovated units.

603 Carnation Avenue

Price: $3,575,000
Units Total: 2
Lot Size: 3,540
Living Area: 3,000
Year Built: 1978
Parking: 4
Days on Market: 195
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!

Los Angeles, 3715 MIDVALE Avenue

Price: $3,535,000
Units Total: 7
Lot Size: 7,824
Living Area: 8,128
Year Built: 1988
Parking: 0
Days on Market: 173
Description: Well maintained 7 unit apartment complex in Palms neighborhood. Non-rent controlled building built in 1988 with potential to instantly increase rents. Six tenants are currently month-to-month. The building is 8,128 sq.ft making it the largest 7 unit to come on the market in this neighborhood in a long time. All units are 2Bed + 2Bath with potential to convert each unit into a 3Bed + 2Bath. All units are townhome style and have the same floor plan. Individual water heater and central HVAC system in each unit. 14 underground tandem parking spaces. Community washer and dryers on site. Walking distance from schools, shops, restaurants, and near Downtown Culver. Strong rental market.

Van Nuys, 6537 WOODLEY Avenue

Price: $3,525,000
Units Total: 17
Lot Size: 28,001
Living Area: 13,354
Year Built: 1959
Parking: Yes
Days on Market: 19
Description: We are pleased to present 6537-6543 Woodley Avenue, a 17-unit multifamily property in the Lake Balboa neighborhood of Van Nuys that features two separate single-family homes. Situated on a huge 28,001 square foot lot with excellent street visibility, the four buildings contain 13,354 rentable square feet. An investor may assume the existing loan in order to take advantage of its attractive 3.65 percent interest rate. In addition to benefitting from the current cash flow, an investor may also explore future redevelopment options as plans have been proposed for construction of up to 28 multifamily units on the site. The open campus features a wide driveway that provides access to 20 carport parking spaces, as well as an additional six open spaces. Insulated at the rear of the property are two single-family houses with private fenced backyards, both surrounded primarily by other single family homes.

Venice, 6603 VISTA DEL MAR

Price: $3,505,000
Units Total: 6
Lot Size: 5,400
Living Area: 5,984
Year Built: 1961
Parking: Yes
Days on Market: 133
Description: This is a rare opportunity to acquire the fee simple interest in 6603 Vista del Mar, Playa del Rey, CA 90293. This well-maintained, two-story, 6-unit apartment complex is a perfect investment or owner-user property located in the unparalleled market of Silicon Beach. The property is situated just steps away from the Pacific Ocean and numerous boutique shops, restaurants, parks, and amenities in the quaint beach town of Playa del Rey. This beautiful beach property enjoys unobstructed views of the Ballona Wetlands and Marina del Rey, and is also located one mile from the world class community of Playa Vista, which includes retail amenities such as Whole Foods and Cinemark Playa Vista. Common area amenities include private and communal patios and balconies that provide unobstructed views of the Ballona Wetlands, upgraded units w / French doors, gardening area, common area laundry room, two 2-car garages with tandem open space parking, enclosed front porch area, and separate utility meters.

1131 North FULLER Avenue

Price: $3,500,000
Units Total: 10
Lot Size: 7,425
Living Area: 9,114
Year Built: 1963
Parking: Yes
Days on Market: 6
Description: PLEASE CONTACT BROKER FOR FULL OFFERING MEMORANDUM. Prime West Hollywood 10-unit multi-family property with semi-subterranean underground gated parking, controlled intercom access and laundry room. The Property features an excellent unit mix of 4-two bedroom two bath units and 6-one bedroom one bath units that are separately metered for gas and electricity. Select units are renovated with new kitchen cabinets, granite countertops and laminate hardwood floors. The Property is not subject to soft-story retrofit program (buyer to confirm) eliminating the cost and hassle for the new owner. With significant upside of approximately 62% in rents, a savvy investor will be able to increase the cash flow of the Property and add value to the asset by increasing the rents as the units turnover. Priced at only $350,000 / unit, $384 / S. F, 3.4% CAP and 18.8 x current rents. Proforma 6.5% CAP rate and 11.6 GRM with rents at market.

309 North Chandler Avenue

Price: $3,500,000
Units Total: 10
Lot Size: 18,757
Living Area: 10,317
Year Built: 1977
Parking: 20
Days on Market: 18

Santa Monica, 1307 17TH Street

Price: $3,500,000
Units Total: 7
Lot Size: 11,259
Living Area: 4,004
Year Built: 1923
Parking: 4
Days on Market: 34
Description: Great upside potential for these 7 individual casitas on a lot. Unit numbers are 1307,1307a, 1307b, 1309,1313,1313a, 1313b. Built in 1923, these lovely cottages have original kitchens and baths, laundry rooms, hardwood floors and walk in closets. Parking is on street and permitted. Property has 4 garages which rent out separately. All 7 units are occupied. According to lot size, Santa Monica projects that 9 units could be build on this site, with one reserved for affordable housing. Check with City of Santa Monica for other possible restrictions. Drive by or call listing agent for showing.

Glendora, 628 Marion Place

Price: $3,500,000
Units Total: 10
Lot Size: 11,268
Living Area: 7,002
Year Built: 1960
Parking: 10
Days on Market: 77
Description: DO NOT DISTURB TENANTS. Rare 10 unit apartment complex in the City of Glendora. This NON rent controlled apartment situated on a 10,940 square foot lot is individually metered and each unit has its own individual water heater. There are capitol improvements made over the previous 1-2 years. Electrical, security system, security screens, roof, wood floors, and granite counter tops are among the interior and exterior improvements. This property has an onsite laundry. The surrounding benefits this property captures comes from being located in one of the best cities in the San Gabriel Valley, as well as, it being centrally located to the 210/57 freeways. In addition, receiving upside benefits from the nearby luxury apartments within a mile of route 66. The current and future benefits of this property is well worth the time to check into. (Agents please read Private Remarks and share with your clients) Thank you for your interest!

Santa Monica, 1927 CLOVERFIELD

Price: $3,500,000
Units Total: 4
Lot Size: 7,980
Living Area: 4,856
Year Built: 2003
Parking: 0
Days on Market: 43
Description: We are pleased to present a rare non-rent control apartment building situated in one of the most coveted cities in America. Built in 2003, the property is a well-maintained 4-unit apartment building with an additional non-conforming unit. The offering consists of the following mix: 1- three bedroom / two bathroom (two story, townhouse style), 2- two bedroom / one and a half bathroom, 1- two bedroom / two bathroom and 1- non-conforming one bedroom / one bathroom unit. The number of units and superb mix allows an investor the opportunity to take advantage of long-term residential financing and operate as an owner / user. All units are non-rent control and currently occupied with the exception of the non-conforming 1 bedroom / 1 bathroom unit which is fully renovated and rent-ready. 1927 Cloverfield Blvd is truly a needle in a haystack, no 4-unit property built newer than the 2000’s has ever been available or traded in Santa Monica.

Van Nuys, 14140 Delano Street

Price: $3,500,000
Units Total: 18
Lot Size: 14,810
Living Area: 14,262
Year Built: 1963
Parking: 0
Days on Market: 40
Description: MacroReal Commercial, Inc. Is pleased to present the rare opportunity to acquire a 18-unit multi-family investment in Van Nuys, California. The property is located at 14140 Delano Street, Van Nuys, 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 12 one-bedroom / one-bath units and 6 two-bedroom / two-bath units. This property offers a tremendous upside rent for investor with well-maintained condition.

777 South Coast Highway

Price: $3,500,000
Units Total: 3
Lot Size: 2,614
Living Area: 1,790
Year Built: 1929
Parking: No
Days on Market: 326
Description: • Rare and Valuable Vacation Rental Permit, Ability to Rent as Vacation Rentals Year Round • One of only a Handful of Properties in Laguna Beach with a Legal Permit for Vacation Rentals • Spectacular Beach adjacent Location in Laguna’s Downtown Village • Ocean Views and Beach Access for Tenants • Walking Distance to Gourmet Restaurants, Cafe’s, Art Galleries, and Retail Shopping • Consistent High Rental Demand with Waiting List for Vacation Rental Tenants The subject property, Laguna Village, is a unique mixed use retail and multifamily property located on the ocean side of South Coast Highway within the Village of Laguna Beach. It is only steps away from the sandy beaches, markets, restaurants, and all the amenities of downtown Laguna. The property is comprised of a retail store with frontage on Coast Highway, and two stylishly furnished two-bedroom apartment units with decks, oceans views, and direct access to the village and the beautiful beaches on the coastline. The retail portion is fully leased to Otana Salon, who has operated their business for many years, catering to the local community as well as to tourists who frequent the area. The two apartment units are beautifully furnished two-bedroom units that can sleep 4-6 people.

Monrovia, 319 East Lime Avenue

Price: $3,500,000
Units Total: 10
Lot Size: 35,547
Living Area: 8,628
Year Built: 1990
Parking: 20
Days on Market: 137
Description: We are pleased to exclusively represent this investment portfolio property in the Historical City of Monrovia. A total of three parcels of prime land within a well stablished and mature community. Monrovia is located 20 miles northeast of Los Angeles at the base of the San Gabriel Mountains, Monrovia is part of the San Gabriel Valley, just eight miles east of the City of Pasadena between the Cities of Sierra Madre and Bradbury. This growing city of nearly 40,000 residents distinguishes itself from other communities with its dynamic small-town charm and collection of high-tech industry. A world of amenities is available here: everything from world-class cultural facilities to glorious recreational outlets to top-rated education and healthcare is available right at residents’fingertips. Monrovia is ideally positioned to continue its trend for controlled growth. The city’s vibrant economy fosters enhanced job creation while a commitment to revitalization and development ensures that Monrovia maintains its attractive neighborhoods.