Residential Income, California | Page 7 -001-11-30T00:00:00-08:00
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Santa Monica, 1528 11TH Street

Price: $3,700,000
Units Total: 6
Lot Size: 7,489
Living Area: 6,414
Year Built: 1962
Parking: 6
Days on Market: 55
Description: ***LOCATION, LOCATION, LOCATION****GREAT OPPORTUNITY TO ACQUIRE THIS BEAUTIFUL BUILDING COMPLEX WITH 6 APARTMENTS, LOCATED IN THE HEART OF THIS AMAZING BEACH CITY OF SANTA MONICA, WITHIN WALKING DISTANCE TO 3RD STREET PROMENADE, SANTA MONICA COLLEGE, THE METRO LINE AND THE WORLD FAMOUS SANTA MONICA PIER! ALL UNITS ARE LARGE AND HAVE BEEN WELL MAINTAINED THROUGHOUT THE YEARS WITH THE PRIDE OF OWNERSHIP. THE UNITS SIT ON A LOT THATS OVER 7,400SQ. FT. AND THE BUILDING AREA IS ABOUT 6.414 SQ. FT. BUILT IN 1962 AND IT’S STILL IN MINT CONDITION, IT CONSISTS OF 1-3BR / 2BA 4-2BR / 1BA AND 1-1BR / 1BA AND ALL ARE LARGE APTS! GREAT LOCATION WITH A STRONG RENTAL UPSIDE FOR THE L. A. MARKET, FOR INCREASING RENTS SIGNIFICANTLY UPON ALL FUTURE VACANCIES! **BUYER ACKNOWLEDGES THAT SELLERS INTENDS TO EXERCISE THE RIGHT TO PERFORM A TAX -DEFERRED EXCHANGE PURSUANT TO SECTION 1031 OF THE INTERNAL REVENUE CODE. BUYER AGREES TO COOPERATE IN SUCH EXCHANGE PROVIDED THAT BUYER INCURS NO COST OR LIABILITY ****

Santa Monica, 2709 SANTA MONICA

Price: $3,700,000
Units Total: 6
Lot Size: 7,519
Living Area: 4,393
Year Built: 1946
Parking: Yes
Days on Market: 53
Description: Excellent opportunity to own a great “Mixed-Use” property in Santa Monica. Three residential units and three commercial units with tremendous potential. The residential units include a single, one bedroom (Vacant) and a two bedroom. The commercial units include a Skate store, Pet Grooming and a Bakery all with fantastic reputation and excellent reviews.

Laguna Beach, 488 Hill Street

Price: $3,699,000
Units Total: 4
Lot Size: 9,143
Living Area: 5,284
Year Built: 1973
Parking: 12
Days on Market: 4
Description: Located on two full lots on a extremely rare prime corner in coveted Laguna Beach. . . . . each unit offers ocean views, a private balcony, a fireplace, inside laundry, 2 large bedrooms and 2 baths. TWO UNITS HAVE BEEN REFURBISHED. The two buildings are separated by an outdoor staircase offering an abundance of light. The plush landscaping makes for enchanting curb appeal and a serene environment for the owner / tenants. This is a prime location within walking distance to restaurants, shopping, beaches, art galleries and all the charm of the world renowned, Laguna Beach. North Laguna specifically offers easy ingress and egress to the freeway, the toll road John Wayne airport and Newport Beach.

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: 14
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

Huntington Park, 6130 Rugby Avenue

Price: $3,660,000
Units Total: 6
Lot Size: 44,847
Living Area: 51,000
Year Built: 1989
Parking: 2
Days on Market: 46
Description: There are 14 separate condos (variety of sizes) for sale as a package deal in the same community. This community is centrally located in a desirable area in the heart of Huntington Park, CA. Close walking distance to shopping, restaurants, schools, transportation and community amenities. It is just minutes to Downtown LA and near interstates 10,110,710 and 1·05. All 15 condos have 2 spacious bedrooms, 2 full bathrooms, dining area and laundry hoop. · 9 of these condos have an additional loft bonus room with a fireplace. Can be used as a 3rd bedroom, office or a family room. · Quiet gated and secured community built in 1989 with a total of 60 units. · Gated underground parking with remote access. · Beautiful courtyard with pool and spa area. · Elevator and laundry room. · Low HOA fees of $176 / month includes all utilities (Exterior) and fire insurance. · Currently 100% are rented and tenant occupied with no rent control.

126 North Hillcrest Boulevard

Price: $3,650,000
Units Total: 14
Lot Size: 11,735
Living Area: 8,703
Year Built: 1953
Parking: 12
Days on Market: 153
Description:

Hollywood, 5722 Camerford Avenue

Price: $3,600,000
Units Total: 5
Lot Size: 7,000
Living Area: 6,300
Year Built: 1921
Parking: 0
Days on Market: 39
Description: Newly renovated multifamily 5 unit building. Great Investment in Hollywood close to Larchmont shopping and cafe area. Granite Countertops stainless steel appliances. Steady cash flow. Gross Income of $178,000 Location Location Location !

1336 North FAIRFAX Avenue

Price: $3,575,000
Units Total: 2
Lot Size: 6,549
Living Area: 4,880
Year Built: 1917
Parking: Yes
Days on Market: 86
Description: Fabulous gated duplex built in 2006; 1336: 3 Bed and 3.5 Baths. 1334: Both 3 Bed and 3.5 Baths w / 2 car garage and extra parking. Oversized 3rd floor deck w / fabulous panoramic Hollywood Hills and City Views. Front unit with large covered patio. Open spacious floor plan with chef’s kitchen, island and stainless PRO Series Appliances. Large master suites, high Ceilings, wood floors. Landscaped yard. Investment opportunity w / projected income of $20,000 month or great owner / user to live and work from home. Tenants vacated. Will be delivered vacant.

Beverly Hills, 163 North ARNAZ Drive

Price: $3,500,000
Units Total: 4
Lot Size: 6,764
Living Area: 4,787
Year Built: 1927
Parking: Yes
Days on Market: 340
Description: Classic character Spanish four-plex in excellent Beverly Hills neighborhood on historically designated block between Wilshire Blvd. And Burton Way. Beautiful architectural detail throughout with wonderful scale, formal dining rooms, full baths with tubs and showers, hardwood floors and beamed ceilings. Washer and dryer in each unit and four-car carport. Minutes from shops and restaurants.

Santa Monica, 2521 EUCLID Street

Price: $3,500,000
Units Total: 7
Lot Size: 7,979
Living Area: 4,071
Year Built: 1948
Parking: Yes
Days on Market: 305
Description: There are total of 7 units, approximately 4,071 sq.ft building area on approximately 7,978 sq.ft lot zoned SMR3, on the corner of Euclid Blvd and Ocean Park Blvd a few block from the Pacific ocean. This is an excellent corner lot for new multifamily condominium or apartment development opportunity. The current monthly rent income on the 7 units is $11,555 per month. The garages are rented separately and owner collects an extra $685 per month on top of $11,555 rent per month. So, total gross income is $12,240 per month or $146,880 a year.

Los Angeles, 1337 West 36TH Place

Price: $3,500,000
Units Total: 4
Lot Size: 6,547
Living Area: 4,142
Year Built: 2015
Parking: 0
Days on Market: 119
Description:

1704 WASHINGTON Avenue

Price: $3,500,000
Units Total: 4
Lot Size: 9,322
Living Area: 4,100
Year Built: 1940
Parking: 5
Days on Market: 91
Description: Truly a rare and exceptional property / parcel (Developer’s dream) of land. Rare opportunity to acquire, LIVE-in and in future build to its maximum potential. All units have characteristic of a private residence. This four-unit building in Prime Santa Monica area sits on an exceptionally situated 9322 s. F. lot with 150 ft of frontage on Washington Ave open on three sides (The property’s income is based on projected amount of $3400 / mo for unit #1 but current new tenant has a lease till Feb 2018 for $4500 / month) (Rent for#3 includes $730 / month for 2 additional garages, one storage room and a dog charge which tenant has been paying for some years) Buyer and Buyer’s agents to verify all information regardless of the source including but not limited to sq ft, room quantity, lot size, permit and etc. The Property is subject to city of Santa Monica rent control. Property is being sold as is with no credits to buyer (Next door house on a 2500 s. F. lot recently sold for $1,770,000)

Santa Monica, 928 LINCOLN Boulevard

Price: $3,500,000
Units Total: 2
Lot Size: 7,478
Living Area: 2,737
Year Built: 1926
Parking: Yes
Days on Market: 49
Description: Imagine the best of beach-chic, Montana Ave-adjacent home ownership with the upside of future investment potential and monthly rental income to offset your mortgage! Why buy a condo when you can own a DUPLEX with a large, beautiful backyard? This grand property offers one full unit upstairs and one full unit downstairs, each one has a large living area, formal dining, an eclectic and charming kitchen, two big bedrooms, two baths and both office and laundry areas. Perfect to live in one unit and lease the other; with market rents estimated between $5,200 to $6,000 per month – the future promise of this property apparent! Projected revenues support an estimated 3.21% cap rate for investors who want to own in Santa Monica with the option to develop! There is also a detached, bonus creative studio / work space, too! Ocean Ave., Third Street Promenade and top-rated Roosevelt Elementary are only minutes away!

Glendora, 628 Marion Place

Price: $3,500,000
Units Total: 10
Lot Size: 11,191
Living Area: 7,002
Year Built: 1960
Parking: 5
Days on Market: 58
Description: DO NOT DISTURB TENANTS. Rare 10 unit property in the City of Glendora. This NON rent controlled apartment is individually metered and each unit has its own individual water heater. Many upgrades, a few which are still in progress. Newer roof, newly painted exterior, new security camera and exterior lighting. Breaker box re-wired in all units, new security door screens for all units, wood floors, and granite counter tops. This property also has an onsite laundry. This property is in one of the best cities in the San Gabriel Valley. Glendora is Known as the”Pride of the Foothills” It is centrally located near the 210 and 57 freeways.

1134 South Normandie Avenue

Price: $3,500,000
Units Total: 4
Lot Size: 17,718
Living Area: 6,499
Year Built: 1924
Parking: 6
Days on Market: 73
Description: Price has reduced! Amazing redevelopment opportunity with adjacent 3 lots in Koreatown. They are 1128 S Normandie Ave (single family), 1134 S Normandie Ave (quadruplex) and 1138 S Normandie Ave (Duplex). Total lot size is 17,718 sq.ft. It is zoned R4-1VL. Single family and Duplex can be vacant at the close of escrow and 4plex has only 3 units occupied currently. They should be sold ‘AS-IS’ in its present condition. Buyer has to verify all information and permits to their own satisfaction and rely on their own findings. Please do not walk the premises and contact the tenants. These properties are also for sale in Land section as Listing ID PW17157212.

Newport Beach, 107 Highland Street

Price: $3,495,000
Units Total: 3
Lot Size: 2,971
Living Area: 3,000
Year Built: 1955
Parking: 4
Days on Market: 63
Description: Just steps to the sand, discover this rare opportunity to own a single family home with an attached guest house and mother-in-law suite. Sitting on a large corner lot, 107 Highland spans over 3,000 sq.ft. And features a spacious main house with an attached three bedroom guest house. The main house features 3 bedrooms, 3 bathrooms with an office, a second floor ocean view kitchen, dining and living room, and a private third floor master suite. Located just one house from the beach, ocean views can be seen from many windows throughout and from second floor deck and the two rooftop decks. The attached 3 bedroom unit / mother-in-law suite, is perfect for guests or full time living; offering 3 bathrooms, and a spacious living area connected to the kitchen and dinning room. To round out this unique beach house compound, parking for 4 cars is provided by 2 car port spaces and two single car garage spaces – a rare find this close to the sand. A short bike ride to the north or south takes you to great dinning, entertainment and shopping.

Los Angeles, 6753 SELMA Avenue

Price: $3,450,000
Units Total: 11
Lot Size: 6,254
Living Area: 5,288
Year Built: 1959
Parking: 0
Days on Market: 101
Description: $350,000 PRICE REDUCTION! We are pleased to present The Selma Apartments. We believe the unique circumstances of the offering (DELIVERED FULLY VACANT and C-4 ZONING) allow for three distinct investment strategies. #1 – Asset Conversion Play – The Selma Apartments offer a opportunity for an investor to reposition the asset and convert it into an assortment of uses. The property is zoned C-4, allowing it to be converted into a number of possibilities, including but not limited to: office, medical and retail space as well as hospitality, to name a few (buyer to verify). #2 – Multi-Family Apartment Play – The property will be delivered fully vacant. The vacancy allows for a unique opportunity for an investor to renovate and rebrand the property and bring all units to market rent. #3 – Development Play – Zoned LAC4, this parcel presents a promising opportunity for a developer to build, by right, 15 apartment or condo units in a very dense rental pocket of Hollywood (buyer to verify).

Venice, 235 HORIZON Avenue

Price: $3,450,000
Units Total: 7
Lot Size: 3,061
Living Area: 4,416
Parking: 0
Days on Market: 4
Description: 235 Horizon Ave, This rare investment property is located 3 blocks from the beach in the rapidly growing Venice market and Silicon Beach. This vintage property is situated on a lot that extends from Horizon Ave to San Juan Ave, and offers some outdoor living space to the tenants. The unit mix is comprised of (4) 2 + 1′ s, (2) 1 + 1′ s with lofts, and (1) 1 + 1. Two of the two bedroom / one bathroom units have been beautifully renovated with stainless steel appliances, new fixtures, quartz counter top, new cabinets, and vinyl plank flooring throughout.

Sherman Oaks, 15114 DICKENS Street

Price: $3,400,000
Units Total: 11
Lot Size: 10,754
Living Area: 8,845
Year Built: 1960
Parking: Yes
Days on Market: 367
Description: The subject property is an eleven unit apartment building, located on coveted Dickens Street in prime Sherman Oaks. Built in 1960, the property is subject to rent control. There is desirable unit mix of five one-bedroom / one-bath units and six two-bedroom / one-bath units. With a Walk Score of 81, the property is walking distance to Whole Foods, Sherman Oaks Galleria and the endless shopping, dining and entertainment options on Ventura Boulevard. This desirable location provides residents all the conveniences they need as well as quick freeway access to 101 and 405 Freeways. In addition to the great location, the property offers residents a nicely landscaped entrance, on-site laundry facility and carport and tuckunder parking. Investors should see this as a rare opportunity to own on Dickens Street with upside in rents and a desirable unit mix.

Venice, 627 INDIANA Avenue

Price: $3,400,000
Units Total: 2
Lot Size: 4,803
Living Area: 4,010
Year Built: 1951
Parking: Yes
Days on Market: 153
Description: Perfect opportunity for investment. Based on current market rents each unit could rent out for almost $9,000.00 per month. This 4,010 sq. Ft. Ultra modern duplex walking distance to Abbot Kinney and Rose Avenue. Each unit features 3 bedrooms and 3 baths with private roof top decks. Each is unit is approximately 2,000 sq. Ft. Both units come with Thermador appliances. Great opportunity for investment or owner user. This was a major remodel and was designed by The Code Solution Architect. Each unit has separate private entrances with gated parking in the rear.

Playa del Rey, 165 CULVER

Price: $3,400,000
Units Total: 4
Lot Size: 2,233
Living Area: 2,692
Year Built: 1980
Parking: Yes
Days on Market: 122
Description:

Beverly Hills, 221 South Tower Drive

Price: $3,400,000
Units Total: 4
Lot Size: 6,495
Living Area: 5,061
Year Built: 1928
Parking: 3
Days on Market: 9
Description: Rare opportunity to own a meticulously maintained and beautiful Spanish style four-plex with all 2 bed room / 2 bath spacious units. Three of four units have been renovated and are at market rents. Features of the units include brand new cabinets, quartz counter tops, extra deep stainless sink, designer pull out faucets, newer stainless steel appliances, updated bathroom vanity and fixture, hard flooring, freshly painted exterior, and washer and dryer included in all units and updated central heating and air in each unit. Beverly Hills School District and centrally located within blocks to the park, shopping, restaurants, entertainment and public transportation.

Laguna Beach, 315 Magnolia Drive

Price: $3,395,000
Units Total: 3
Lot Size: 6,098
Living Area: 3,348
Year Built: 2004
Parking: 4
Days on Market: 357
Description: Beautiful Cape Cod custom home located on one of the most desirable, exclusive “tree” streets in North Laguna. Featuring four bedrooms, four and one half baths, office, wine room, gourmet kitchen with top of the line appliances, hardwood floors, 3 fireplaces and a spacious four-car garage. This property is zoned R2 and can be configured as a single family home with the option of either a large office and guest suite or an attached luxury income property with separate entrance, garage parking, and laundry. The over-sized windows bathe the home in natural light, designer finishes throughout, two tank-less water heaters, water softener and whole home water filtration system service this home. Other features include in house sound system with electronics, two bathrooms with in-floor heating, and home alarm system. This elegant home showcases casual living while offering a versatile floor plan. Ideal for entertaining, a large private central courtyard provides for seamless indoor / outdoor living that exemplifies the Southern California lifestyle. The mix of mature landscaping, professionally designed hardscape, and extensive landscape lighting controlled by a Lutron system, provides the perfect environment for outdoor gatherings or just relaxing.

Venice, 828 INDIANA Avenue

Price: $3,395,000
Units Total: 4
Lot Size: 5,281
Living Area: 3,822
Year Built: 1965
Parking: Yes
Days on Market: 158
Description: Rare investment opportunity in Venice Beach. Remodeled in 2015 with high-end modern upgrades. Fully occupied with market rents. Two three-bedroom, two-bathroom and two two-bedroom two-bathroom residences. All include master suites, in unit laundry and high-end modern finishes. The lower level two bedroom has French doors leading out to large private yard. Gated parking and fully secure access building. Let the photos speak for themselves. West of Lincoln, short distance to Abbot Kinney, Rose Ave, Main St and the beach. Do not disturb tenants.