Residential Income, California | Page 7 -001-11-30T00:00:00-08:00
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Los Angeles, 3714 INGLEWOOD BLVD

Price: $4,200,000
Units Total: 12
Lot Size: 10,898
Living Area: 9,259
Year Built: 1963
Parking: Yes
Days on Market: 147
Description: Fantastic opportunity to reposition an asset on an oversized 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 40% upside in rental income with renovation. Priced at 13.1 x Market rents and a 5.3% Cap Rate with rents at market.

1001 North ORANGE GROVE Avenue

Price: $4,200,000
Units Total: 12
Lot Size: 6,171
Living Area: 9,534
Year Built: 1958
Parking: Yes
Days on Market: 14
Description:

1376 North SERRANO Avenue

Price: $4,200,000
Units Total: 14
Lot Size: 8,705
Living Area: 9,042
Year Built: 1958
Parking: 18
Days on Market: 1009
Description: Serrano Apartments located in the heart of Hollywood. Upside potential, the building consists of 14 total units. 12 large one bedrooms / one bathroom and 2 two bedrooms / one bathroom. The building has undergone many recent upgrades including cooper plumbing, some units with granite counter tops and new flooring, etc. Building offers a total 9 gated parking spaces along with its own laundry onsite facility for the tenants to enjoy.

Los Angeles, 1640 ARMACOST Avenue

Price: $4,150,000
Units Total: 9
Lot Size: 7,000
Living Area: 6,542
Year Built: 1967
Parking: Yes
Days on Market: 27
Description: Prime West Los Angeles location. Good mix of units. Large upside in rents. Soft story earthquake retrofit completed by the seller

Los Angeles, 12518 VENICE

Price: $4,150,000
Units Total: 11
Lot Size: 14,010
Living Area: 9,652
Year Built: 1948
Parking: Yes
Days on Market: 27
Description: VALUE ADD DEAL. MOTIVATED SELLER! Please contact broker for a full marketing package. Prime Mar Vista location 11-unit multi-family property consisting of 3 buildings on a large double lot of over 14,000 S. F. Zoned LAR-3 suitable to develop luxury condominiums. The Property features an excellent mix of 8-two bedroom one bath + dining area, 2-one bedroom one bath units and 1-three bedroom two bath unit. The property is separately metered for gas and electricity minimizing the owner’s expenses. The property also features a laundry room for the convenience of the residents and additional monthly income. Property is not on the list of soft-story retrofit program (Buyer to confirm). Huge upside of approximately 44% in rents! Priced at $377,272 / unit, 18 x current low rents and 3.3% CAP. Priced at 12.5 x market rents and 5.6% CAP.

6961 WHITSETT Avenue

Price: $4,125,000
Units Total: 22
Lot Size: 19,101
Living Area: 17,651
Year Built: 1964
Parking: Yes
Days on Market: 29
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.

Pasadena, 1910 LINCOLN Avenue

Price: $4,100,000
Units Total: 16
Lot Size: 14,306
Living Area: 8,430
Year Built: 1949
Parking: Yes
Days on Market: 43
Description: Marcus and Millichap is proud to present this 16-unit, non-rent control garden-style apartment complex located in Pasadena, California. The building consists of Two- Studios, Twelve- 1 Bedroom / 1 Bathroom units and Two- 2 Bedroom / 1.25 Bathroom units. The 16 units sit on two adjacent APNs with 8 units per APN, thus eliminating the need for an on-site manager. The subject property is situated on a 14,306 square foot lot with a total rentable square feet of 8,430 and features 16 parking spaces as well as on-site laundry. Pasadena is known as the City of Roses and is home of the Rose Bowl Stadium where it hosts the annual Rose Parade and college championship games.

Newport Beach, 200 East Oceanfront

Price: $4,100,000
Units Total: 2
Lot Size: 2,614
Living Area: 2,427
Year Built: 1930
Parking: 2
Days on Market: 102
Description: Capturing the essence of Newport Beach, 200 E. Oceanfront embraces a lifestyle indicative of its warm appeal. From the intimate, sunlit reading room, to its original brick-laden cottage fireplace, this charming 2-unit beachfront cottage showcases a uniquely compelling palette. Stretches of sand greet the boardwalk and entry, creating a surreal environment to enjoy coastline and ocean views. The 4 Bedroom / 3 Bedroom Front Unit, and 1 Bedroom / 1 Bathroom Back Unit Duplex is situated on a private corner lot, steps from Newport’s famed Balboa Pier, local restaurants, amenities, and Balboa Fun Zone, making it the perfect getaway for visitors and locals alike.

Los Angeles, 315 South HAMEL Road

Price: $4,050,000
Units Total: 11
Lot Size: 6,510
Living Area: 6,000
Year Built: 1954
Parking: Yes
Days on Market: 28
Description:

1114 North GARDNER Street

Price: $4,050,000
Units Total: 8
Lot Size: 10,413
Living Area: 7,674
Year Built: 1948
Parking: Yes
Days on Market: 47
Description: The property is a 2-story building with a total of 8 parking spaces. 1114-1116 N Gardner St is a very charming, American Colonial apartment building situated in the prime West Hollywood submarket of Los Angeles. Built in 1948, this well maintained 8 Unit, 2-story building is accented by lush landscaped courtyards and common area spaces on both the north and south sides of the building. This property features an excellent unit mix of 6 spacious two-bedroom one-bathroom Units and 2 one-bedroom one-bathroom Units. All units have hardwood floors, large kitchens, and separate dining areas. The property also has 3 side-by-side 2 car garages with an additional 2 uncovered parking spots for a total of 8 parking spaces. Parking plans have been approved by the City of West Hollywood to make two out of the three 2-car garages from 4 parking spaces to 4 tandem parking space (total of 4 additional parking spaces) that could be used to increase income.

Santa Monica, 1434 Berkeley Street

Price: $4,050,000
Units Total: 7
Lot Size: 7,807
Living Area: 8,390
Year Built: 1964
Parking: 11
Days on Market: 271
Description: Charming 2 story 7 unit townhouse style apartment building. The building consists of one 1 bed / 1.5 bath, five 2 bed / 1.5 bath and one 3 bed / 2.5 bath; on-site parking for tenants. The current rents provide a significant upside for investors. Please do not disturb the tenants.

Manhattan Beach, 2601 Alma Avenue

Price: $4,000,000
Units Total: 2
Lot Size: 2,714
Living Area: 3,658
Year Built: 1969
Parking: 3
Days on Market: 29
Description: Location is what it’s all about and this home has a perfect location. Stunning views of the ocean and white water. Next to a walk street, so no auto traffic and no immediate neighbor on that side. That’s pretty much perfection. The third floor offers those stunning views. The spacious and elegant living room offers wall of windows and sliders out to balcony. Looking out from this balcony is like the feeling of being on the bow of a great ship. Huge kitchen, reading room. Two baths, Two bedrooms, (one of which is master suite) both with balconies looking out to quiet charming street. The middle floor is a miniature of the third floor with its own full kitchen and a balcony with ocean view. Two bedrooms and two baths. (A master suite) This floor can be easily closed off from the top floor (the home is a legal duplex) with it’s own separate entrance. The 1st floor is where the separate entrance is and it also has a living room, non-stove kitchen, laundry, peek-a-boo view and patio, one bedroom and one bath. The garage is a large three car and the driveway fits four cars easily.

Los Angeles, 1147 North BENTON Way

Price: $4,000,000
Units Total: 16
Lot Size: 8,999
Living Area: 10,744
Year Built: 1929
Days on Market: 4
Description: Two Story Multi Unit building in desirable North of Sunset area of Echo Park. City Views. Near major transportation lines, Downtown, Silverlake, and all that makes LA great. Corner lot location. Income from community washer / dryer.

Venice, 1922 PACIFIC Avenue

Price: $4,000,000
Units Total: 8
Lot Size: 2,801
Living Area: 4,451
Year Built: 1907
Parking: 0
Days on Market: 3
Description: 8 Units in the heart of Venice. 4 One bedrooms, 1 two bedroom and two Singles, one Bachelor. Unit #2 (1 Bedroom) has new kitchen floors and cabinets, Unit 5 (Bachelor) has all new wood laminated flooring, new bathroom sink, light fixtures, blinds.

Venice, 31 BREEZE Avenue

Price: $4,000,000
Units Total: 3
Lot Size: 3,140
Living Area: 3,550
Year Built: 1910
Parking: Yes
Days on Market: 78
Description: Income Property on fantastic Breeze Avenue is a beach walk-street a few homes from the sandy beach. Come see this rare one -of-a-kind Vintage Venice treasure delivered VACAVT. This incredible 1910 Triplex on oversized beach walk street has been tastefully and extensively remodeled. The main unit is the entire first floor with 3 bedrooms, 3 baths, powder room, den, living room, open kitchen, laundry, balcony and garden (wonderful owner / user). Second floor has 2 units. Unit 2, has 2 bedrooms, 2 baths, living room, dining area, open kitchen and laundry. Unit 3, has two bedrooms, 1 bath, powder, dining area, open kitchen and laundry and four car parking.

Pomona, 1459 South Rebecca Street

Price: $4,000,000
Units Total: 8
Lot Size: 6,090
Living Area: 12,854
Year Built: 2017
Parking: 8
Days on Market: 194
Description: This are 7 brand new beautiful homes close to Phillips Ranch and Chino Hills, 3 of them have 4 bedrooms and master bedrooms with walk in closets and double sinks in master bathrooms and hallway 4 of them have 3 bedrooms extra large master bedroom with a huge walk in closet and large living room, 1 historical home, driveway and landscaping is in process of been done the new homes have built ins Range, oven, dishwasher and 4 of them have wine coolers, pantries with quartz counter tops 3 full bathrooms with exquisite ceramic tile tile floors throughout the first floor 2 car garage ready for electric cars with insulated garage doors and garage door openers completely fenced with block walls Cozy fireplaces in Living rooms and fire sprinklers throughout homes Please call the listing agent which is also the owner to preview the homes, Sale subject upon BRE final approval of homes

850 West El Repetto Drive

Price: $4,000,000
Units Total: 12
Lot Size: 17,028
Living Area: 10,776
Year Built: 1961
Parking: 20
Days on Market: 34
Description: Two buildings (#850 and #858) two parcels (5253-021-018 and 5253-021-017) side by side total 12-units apartment complex. Each building features two stories where downstairs has 3 units containing one 2/1.0 (850-A), one 1/1.0 (850-B), one 2/1.5 (850-C) and upstairs has another 3 units contains one 2/1.0 (850-D), one 1/1.0 (850-E), one 2/1.5 (850-F). The other building #858 is identical to #850 with reverse direction. Two buildings total living area is 10,776 sq.ft and two lots total size is 17,028 sq.ft. Some units features front patio / balcony / corridor. Window air conditioning in all units. 20 parking spaces where 1 bedroom tenant is assigned 1 open space and 2 bedrooms is assigned one carport plus one open space. Nice grassy courtyard in the middle of two buildings, spacious concrete parking area in back. Well maintained income properties. Convenient location easy access to Fwy 10,60 and 710. Close to schools, restaurants, banks, shops, transportation and several huge plazas. Property sold as is in its present condition. Drive by only.

Newport Beach, 402 East Oceanfront

Price: $3,999,999
Units Total: 2
Lot Size: 2,614
Living Area: 3,258
Year Built: 1972
Parking: 2
Days on Market: 110
Description: Balboa Oceanfront Duplex with 4 bedrooms and 2 baths in upper and 3 bedrooms 2 baths in lower unit. Sand in front and no dunes. A rare find with 7 bedrooms on the beach. There are no rental contracts and nothing to stop a quick sale. Property has been a short term rental and buyer can apply for a new business license and short term permit. A popular past short term rental on the beach. Each unit has an open spacious kitchen overlooking the living room. Each with fireplace. Lower unit has large patio and upper has small balcony. Newer exterior paint. Newer double pane vinyl windows. 2 car shared garage with laundry hook ups. New carpet and shows well. The boardwalk is right in front and you can walk or ride bikes to the Balboa Pier, Balboa Business District, the fire pits or take the ferry to Balboa Island. The Municipal parking lot is just 1 block away for extra parking for your quest or tenants. This duplex cannot be duplicated and is a rare find.

Laguna Beach, 315 Mountain Road

Price: $3,999,000
Units Total: 2
Lot Size: 9,000
Living Area: 3,000
Year Built: 1928
Parking: 4
Days on Market: 88
Description: 315 Mountain Road and 1422 Glenneyre Street, Laguna Beach The Brayton-Eschbach Estate is arguably one of Laguna’s most picturesque historical landmarks. The two Mills Act registered homes, each on their own separate parcel, were built by Durlin Brayton of Brayton Laguna Pottery. The original cottage at 1422 Glenneyre Street was completed in 1928 and followed in 1933 with the iconic masterpiece at 315 Mountain Road. The Mountain Road residence features three bedrooms, three baths, family room, solarium dining, large new country kitchen and the renown living room displaying Brayton’s hand hewn and painted beamed ceiling. The sunlit interiors have been fully redone with modern, high end finishes and elegant appointments. Leaded windows, recessed shelving, wrought iron lighting, pegged wood flooring and craftsman details exhibit the stunning Colonial Revival architecture. All primary rooms spill into a wonderful spacious courtyard accented by a swimming pool, patio, gardens and entertainment retreat. The Glenneyre Street residence is situated privately beyond the gardens and is comprised of a spacious living room with fireplace, two bedrooms, new bath, kitchen, dining nook and private patio. In the heart of The Village, this stunning 9,000 square foot compound is ideally located just two blocks to beaches, shops, restaurants and Laguna’s famed galleries. Truly a Laguna Beach treasure!

Newport Beach, 2214 West Oceanfront

Price: $3,998,000
Units Total: 2
Lot Size: 3,100
Living Area: 3,855
Year Built: 1965
Parking: 5
Days on Market: 84
Description: Seize the day! A wonderful opportunity to own an immediate income generator on the waterfront in Newport Beach. Situated along the shoreline adjacent to Blackies Beach, this oversized, mixed use (MU-W2) oceanfront duplex with five car parking checks all of the boxes needed to poise this property as a standout amongst the competition. With a thoughtful design the units each enjoy large private terraces from which to enjoy panoramic views of sunsets behind Catalina, the Newport Pier and the dramatic ocean shore-break. The lower level three bedroom, two bath unit features an open concept layout with the living, dining, and kitchen areas all opening onto a seaside patio perfect for barbecues and neighborhood fun. A separate private foyer entrance leads to the upper level three bedroom, three bath unit highlighted by dramatic vaulted wood-beamed ceilings which frame the unobstructed coastline views. Glass sliders open to a splendid covered terrace from which to enjoy morning coffee or a sunset glass of wine. There is also a large third floor attic area with a beamed dormer ceiling that is permitted as storage. Additional features include individual laundry in each unit, abundant storage, two car garage and three outdoor parking spaces and a prized corner location. Enjoy the renaissance of the Balboa Peninsula from this extraordinary oceanfront property located just steps from myriad dining and entertainment options.

17682 Cameron Lane

Price: $3,995,000
Units Total: 10
Lot Size: 16,988
Living Area: 8,763
Year Built: 1985
Parking: 23
Days on Market: 128
Description: Huntington Beach Surf City 10 Plex in Booming Area Next to Huge Medical Center where you have a huge rental base looking to walk to work! Walk to everything you need from this property! Huge Backyard that has possibilities to enlarge this 10 plex! Very Good Condition with lots of new paint, staircases etc! Rare Huntington Beach property in upcoming area! Lots of parking here! Long term tenants have occupied 8 of 10 units. One just rented to market and one unit currently being updated to market rent!

Los Angeles, 618 MIDVALE Avenue

Price: $3,995,000
Units Total: 8
Lot Size: 8,833
Living Area: 6,857
Year Built: 1950
Parking: Yes
Days on Market: 21
Description: 618 Midvale Ave in Westwood’s North Village is an 8-unit gem that has been family owned since it was built in 1950. The building has been exceptionally well maintained and it will be delivered with 5 units vacant. 618 Midvale is a short 8-minute walk to UCLA yet it lies on a quiet tree-lined stretch with ample parking and a neighborhood feel. Truly a rare combination. With 5 units delivered vacant at the close of escrow, the new owner will be able to immediately renovate 62% of the units and achieve maximum rents which can rival those in Beverly Hills. The lot is oversized at 8,832 sq.ft and is zoned [Q]R4-1VL. Although the property has been operated as an 8-unit building for decades, public records show 7 units. The property was built with 9 flexible units and the rent registration reflects this. The owner’s unit which is a 2 + 2 will be delivered vacant and can be used as a 1-bedroom and bachelor unit without any building modifications. Buyer to verify.

Santa Monica, 1437 FRANKLIN Street

Price: $3,995,000
Units Total: 6
Lot Size: 7,578
Living Area: 7,026
Year Built: 1968
Parking: Yes
Days on Market: 22
Description: Charming, well cared for property in prime Santa Monica. 3 Bedroom / 2.5 Bath townhome unit with direct garage entry. Spacious, well appointed units with modern conveniences. Copper plumbing and new windows throughout. Four of the six units have been tastefully remodeled with great attention to detail, including hand selected counter tops, flooring, fixtures and all new modern kitchen appliances. Separately metered for gas and electric. Within walking distance to many of Santa Monica’s great shops and restaurants, as well public transportation.

Los Angeles, 1435 South Bundy Drive

Price: $3,995,000
Units Total: 9
Lot Size: 6,356
Living Area: 6,646
Year Built: 1964
Parking: 0
Days on Market: 21
Description: Rare opportunity to acquire a West LA building with stabilized rents. Property is a nine unit building with good unit mix. Do not disturb tenants. Property tours will commence after call for offers.