Residential Income, California | Page 8 -001-11-30T00:00:00-08:00
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Santa Monica, 1022 EUCLID Street

Price: $4,350,000
Units Total: 10
Lot Size: 7,495
Living Area: 8,124
Year Built: 1968
Parking: Yes
Days on Market: 35
Description: 1022 Euclid Street is located in in the heart of Santa Monica is north of Wilshire Boulevard and south of Montana Avenue, immediately west of 14th Street. Prominently located in one of the most expensive residential areas in Los Angeles with near impossible barriers to entry, 1022 Euclid Street offers an investor the unique opportunity to own an excellent piece of real estate in one of the healthiest and most coveted rental submarkets in the Southern California. 1022 Euclid Street is a two-story, 10 unit multifamily property, constructed in 1968, with a total building size of ±8,124 sq.ft, on a ±7,495 square foot lot. The beautifully maintained, neatly landscaped property has seen capital improvements including new windows, new copper plumbing, and new drain lines. The property is separately metered for gas and electric, is serviced by a central water heater, and offers an on-site laundry facility, and a total 12 parking spaces.

Santa Monica, 1420 20TH Street

Price: $4,350,000
Units Total: 10
Lot Size: 15,000
Living Area: 3,920
Year Built: 1949
Parking: Yes
Days on Market: 63
Description: 1420-1422 20th Street is a 10-unit bungalow style apartment community located in prime Santa Monica. Built in 1949, the property sits on a 15,000± square foot double lot and is comprised of two buildings joined by a large central courtyard. Currently, seven out of the 10 studio apartments are vacant, offering an investor the opportunity to renovate both the interiors and exterior of the property, bringing the property to their desired level of luxury. All 10 units feature incredibly spacious, enclosed private patios and there are 12 parking spaces (8 single and 2 tandem). Potential for development of the 15,000± square foot lot; Zoned R2 (each of the two lots has 50 ft of frontage onto 20th Street). The 2nd APN is 4275-009-005 (1422 20th Street). The two parcels can be purchased together or individually. PROFORMA assumes that the 7 vacant units are at a market rent of $2600. See Private Remarks for Property Website.

Los Angeles, 6126 ELEANOR Avenue

Price: $4,250,000
Units Total: 21
Lot Size: 12,976
Living Area: 12,108
Year Built: 1959
Parking: Yes
Days on Market: 10
Description: Built in 1959, this 21-unit property is located on 12,977 sq.ft lot in the Central Hollywood neighborhood. The two-story building features studios, one-bedrooms, and a bachelor / light housekeeping unit. This offering presents an investor the opportunity to capture the 24% rental upside through renovations when the units turn. Three of the units will be delivered vacant at the close of escrow. Additionally, the subject property has 26 total parking spaces with soft-story work completed (contact agent for details). The property is being offered at a 13.51 GRM on current income. The Central Hollywood neighborhood continues to grow at a rapid pace and attracts high-end residents with the unparalleled access to employment opportunities and entertainment amenities. The subject property has a walk score of 91 and the location allows for a quick commute to both Hollywood and Downtown Los Angeles.

Pasadena, 435 South HUDSON Avenue

Price: $4,250,000
Units Total: 9
Lot Size: 11,707
Living Area: 7,487
Year Built: 1964
Parking: Yes
Days on Market: 45
Description: We are pleased to present this 9 unit apartment building located at 435 S Hudson Ave in Prime Pasadena, California. Built in 1964, the offering consists of 5 one-bedroom / one-bathroom and 4 two-bedroom / one bathroom units. The property is situated on a 11,707-square foot lot with 7,487-square feet of gross rentable area. New roof, only two years old with 15-year warranty. Well situated in one of the most sought after pockets of Pasadena, The Property is walking distance to The Shops On Lake Avenue, all business corridors, CalTech and all dining and entertainment. This investment offering provides a savvy investor the opportunity to own a truly one of a kind property in a strong and centrally located rental pocket of Pasadena.

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: 311
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.

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: 84
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

Los Angeles, 11816 GOSHEN Avenue

Price: $4,250,000
Units Total: 10
Lot Size: 7,498
Living Area: 7,530
Year Built: 1958
Parking: Yes
Days on Market: 183
Description: Located in one of the Westside’s most sought-after rental and investment markets, this 10-unit apartment building with significant rental upside is a great redevelopment or value-add opportunity. Sitting within a few blocks of grocery stores, dining and shopping options along San Vicente and Wilshire Boulevards, the property is also convenient to UCLA, Brentwood Village and the Getty and Hammer Museums. If you’ve been looking for a development opportunity or good, long-term value-add investment with rental upside in an “A” area, this is a great opportunity. Amenities include covered parking, laundry room and nicely landscaped grounds.

Upland, 571 Richland Street

Price: $4,200,000
Units Total: 18
Lot Size: 18,295
Living Area: 16,719
Year Built: 1965
Parking: 18
Days on Market: 9
Description: Property Highlights; Competitive Offering Actual CAP Rate of 4.01 % / Attractive Market ProForma CAP Rate of 4.94 %, Actual GRM of 15.22, With a ProForma GRM of 13.41, Recent Capital Improvements Include; Updated Copper Plumbing Throughout ( $50,000), Individual Water Shutoff Valves For All 18 Units, Updated Landscaping Water System. Conservative 5-7 % Upside in Potential Rental Income Non-Rent Control Community and Area. Long Term Tenants With Upside in Potential Rental Income The Apartment is 100 % Occupied and Rental Comparables Illustrate a 98% Occupancy Area. Turn Key Financeable Asset. The Richland Apartments consist of (18) 2-bedroom 1-bath units on a 18,295 square foot lot. The two bedroom units are large and open being nearly 930 sq.ft each. The asset provides tenants with secured carport parking, storage, updated landscaping and an onsite laundry facility. The property is conveniently located near San Antonio Community Hospital which is the largest employer of Upland. Edison Elementary and Upland High School are within walking distance from this location. Public transportation such and the Upland Metrolink and Ontario Airport are conveniently located minutes away from the Richland Apartments.

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: 1186
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.

Santa Monica, 838 7th Street

Price: $4,200,000
Units Total: 11
Lot Size: 7,521
Living Area: 6,500
Year Built: 1966
Parking: 11
Days on Market: 51
Description: We are proud to represent this 11-unit apartment in Santa Monica. The building was constructed in 1966. Its unit mix consists of (6) one-bedroom, one-bathroom units and (5) single units. With a lot size of 7,520 sq.ft, the property has a total of 6,500 rentable square feet. The property is situated in Santa Monica, which is internationally known for its coastlines, upscale shopping, and great dining. The city’s farmers’ markets, palm tree-lined streets, juice bars, and shopping boutiques are quintessentially Californian. It is also home to a burgeoning art scene, neighborhoods with attractive blends of suburban and urban lifestyles, and numerous parks. Santa Monica also provides easy access to several freeways, including the 10,2, and 405, which offers its residents opportunities to enjoy the greater Los Angeles area as well. It is separately metered for gas and electricity.

Newport Beach, 2214 West Oceanfront

Price: $4,199,000
Units Total: 2
Lot Size: 3,278
Living Area: 3,603
Year Built: 1965
Parking: 5
Days on Market: 84
Description: BEST VALUE ON THE OCEANFRONT! Opportunity to make Huge Income from Nightly / Weekly / Monthly rentals in one of Newport’s Best Locations. Excellent Tenant Amenities, Walkability A +. Upper unit is light and airy with 3 bedrooms, 3 baths and a large outer deck. Downstairs is a Spacious 3 bedroom, 2 bath with outdoor Patio perfect for relaxing and watching Sunsets. Both units Furnished and ready to move in! Two Garages and 3 additional spaces. Prime Corner lot with unobstructed Ocean and Coastal Views. Incredible Investment Opportunity. You must see this one! See Remarks below.

Hermosa Beach, 907 5th Street

Price: $4,150,000
Units Total: 3
Lot Size: 3,485
Living Area: 5,542
Year Built: 1986
Parking: 6
Days on Market: 70
Description: Amazing, unique and rare opportunity to own three town house style ocean view units in Hermosa Beach. All units are 3bed 2bath with one unit having an additional half bath. The subject property is in an “A” class location Situated within walking distance to all of the boutique retail, entertainment, restaurants, nightlife, “The Strand”, and Hermosa’s exclusive sandy beaches. These trilevel units have their own 2 car garage with direct access, lots of storage space and in-unit laundry. Property is ideal for an owner user or investor live in one and collect income from the others. Each unit is separately metered for gas and electric. One unit maybe delivered vacant. Seller financing maybe available as an option.

Sherman Oaks, 15158 DICKENS Street

Price: $4,125,000
Units Total: 11
Lot Size: 10,766
Living Area: 1,090
Year Built: 1941
Parking: Yes
Days on Market: 44
Description:

946 South RIDGELEY Drive

Price: $4,100,000
Units Total: 19
Lot Size: 8,178
Living Area: 8,840
Year Built: 1963
Parking: 0
Days on Market: 182
Description: Fantastic Miracle Mile Location! Must be sold by year end! 19 bachelor units sits perfectly in museum row’s backyard on the corner of Olympic and Ridgeley situated just steps from the bus line, and a short walk to the future purple line stop. This building is comprised of bachelor units to be delivered at least half vacant with a great layout for hospitality, short-term accommodations or student housing. Can be delivered fully occupied if required by buyer. Recent capital improvements include: brand new hallway flooring and ceiling tiles, remodeled common kitchens, new fire control system, and new roof. 100% waterproof flooring installed, kitchens remodeled with new cabinets, quartz counter-tops and new appliances! Call now for additional details!

Los Angeles, 5139 Melrose Avenue

Price: $4,050,000
Units Total: 22
Lot Size: 6,945
Living Area: 12,677
Year Built: 1928
Parking: 2
Days on Market: 141
Description: Melrose Studios is made up of 22 charming units (2 buildings) constructed in the 1920’s located in the highly desirable Hollywood sub market with rare frontage on the famous Melrose Ave and a couple blocks from Larchmont / studios. Melrose Studios offer (s) an investor an excellent value add opportunity in a strong sub market with high rental demand and constant gentrification / new development. Possible Assumption of Existing loan at favorable rate.

Glendale, 119 West Randolph Street

Price: $4,000,000
Units Total: 10
Lot Size: 9,863
Living Area: 10,552
Year Built: 1963
Parking: 19
Days on Market: 66
Description: We are pleased to introduce Randolph Ridge, a charming 10 unit apartment building in Prime Glendale. 119 W Randolph St has a phenomenal unit mix of 10 two bedroom two bathroom units, averaging over 1,000 sq.ft in size. Randolph Ridge is situated in an irreplaceable location in one of the best zip codes of Glendale with beautiful mountainous views, located on a quiet street, yet convenient to run errands. Nearby great elementary, middle and high schools.

Hesperia, 8531 Glendale Avenue

Price: $4,000,000
Units Total: 0
Lot Size: 3,620,707
Living Area: 10,215
Year Built: 1950
Parking: 3
Days on Market: 119
Description: The Luckey Alfalfa Ranch! 83 + acres 4 parcels including 10 outbuildings at 10,215 square feet; 3 homes with 9 bedrooms 8 bathrooms at 7,446 square feet; an office with bathroom at 1,750 square feet; 70 + acres of prime agricultural land most recently farmed as Alfalfa; 300 acre feet water shares in the Mojave Water Basin (Alto-Sub Area) currently valued at $1,500,000. The possibilities for the 60 + acres (Parcel #24 and #48 – Zoned Rec / Com and A-2) which are contiguous are numerous; Agricultural: Alfalfa, Sod Farm, Tree Farm, Pistachio, Jujube, Peaches, Nectarines, Plumbs, Pears and Cherries, Carrots, Onions, Small Grains, Hemp, Grapes / Wineries. In addition to the Agricultural possibilities there are other developmental possibilities: Sports Complex (Soccer, Baseball, Foot Ball, Skate Park, Polo Fields), Music Concert Venue, Alfalfa Museum, Solar Farm, Wind Farm, Arboretum, University (Weather and Agricultural Studies), Stadium Site, Mini NFL Camp, Horse – Dog – Race Car Track Site, Rodeo Site, Horse Farm, Fairground Site, Private Air landing Field and Runway, Mobile Home or duplex sites along the southern border. The development possibilities increase as you head north to the NE corner of Rocksprings and Glendale – This piece is 15.43 acres 10 + acres is Buildable – Currently Zoned A-2 buildable unit=2.5 acre. To the immediate W and SW of the property are 18,000 to 20,000 sq. Ft. Home sites creating a possible 20 -. 5 acre developable home sites.

11449 Florence Avenue

Price: $4,000,000
Units Total: 16
Lot Size: 43,106
Living Area: 20,644
Year Built: 1958
Parking: 7
Days on Market: 51
Description: 16 Unit investment opportunity zoned SSC1 (“neighborhood residential”) consists of 14 residential income units of 28 beds and 37 baths (2/3BR; 11/2BR; 1/1BR) and 2 commercial spaces (currently being used for storage). There are 5 buildings estimated at 20,644 sq.ft total on 43,240 sq.ft lot, giving this mixed-use property 75% residential usage and 25% commercial usage. All but 3 of the residential units are rented, with one 3BR unit separately fenced w / a pool set up as an “owner” unit. The 2 commercial spaces, approx. 5,000 sq.ft of the total sqft, are currently unoccupied and in need of rehab. The City prefers that these be kept residential or, if commercial, converted to a Day Care or other neighborhood commercial business. Roughly 50% of the residential units are townhouse style w / inside individual laundry and private patios. Two of the 2BR units were recently upgraded w / new carpet, appliances and paint. All units have garages, carports, and ample off-street parking. Property is located close to the 605/5 freeway junction w / easy access to major transportation routes. Santa Fe Springs is home to 100 acres of recreational space and miles of greenbelts and parkways, making this an excellent investment opportunity with an upside in rent. Property is a probate sale and is sold AS IS.

Hesperia, 8531 Glendale Avenue

Price: $4,000,000
Units Total: 4
Lot Size: 3,620,707
Year Built: 1950
Parking: 162
Days on Market: 43
Description: The Luckey Alfalfa Ranch! 83 + acres 4 parcels including 10 outbuildings at 10,215 square feet; 3 homes with 9 bedrooms 8 bathrooms at 7,446 square feet; an office with bathroom at 1,750 square feet; 70 + acres of prime agricultural land most recently farmed as Alfalfa; 300 acre feet water shares in the Mojave Water Basin (Alto-Sub Area) currently valued at $1,500,000. The possibilities for the 60 + acres (Parcel #24 and #48 – Zoned Rec / Com and A-2) which are contiguous are numerous; Agricultural: Alfalfa, Sod Farm, Tree Farm, Pistachio, Jujube, Peaches, Nectarines, Plumbs, Pears and Cherries, Carrots, Onions, Small Grains, Hemp, Grapes / Wineries. In addition to the Agricultural possibilities there are other developmental possibilities: Sports Complex (Soccer, Baseball, Foot Ball, Skate Park, Polo Fields), Music Concert Venue, Alfalfa Museum, Solar Farm, Wind Farm, Arboretum, University (Weather and Agricultural Studies), Stadium Site, Mini NFL Camp, Horse – Dog – Race Car Track Site, Rodeo Site, Horse Farm, Fairground Site, Private Air landing Field and Runway, Mobile Home or duplex sites along the southern border. The development possibilities increase as you head north to the NE corner of Rocksprings and Glendale – This piece is 15.43 acres 10 + acres is Buildable – Currently Zoned A-2 buildable unit=2.5 acre. To the immediate W and SW of the property are 18,000 to 20,000 sq. Ft. Home sites creating a possible 20 -. 5 acre developable home sites. Association Amenities: None Lot Location Type: On River, Standard LocationPAVE Model 14 #of Full Baths: 0 Model 15 #of Full Baths: 0 Model 1 #1/2 Baths: 0 Model 2 #1/2 Baths: 0 Model 3 #1/2 Baths: 0 Model 4 #1/2 Baths: 0 Model 5 #1/2 Baths: 0 Model 6 #1/2 Baths: 0 Model 7 #1/2 Baths: 0 Model 8 #1/2 Baths: 0 Model 9 #1/2 Baths: 0 Model 10 #1/2 Baths: 0 Model 11 #1/2 Baths: 0 Model 12 #1/2 Baths: 0 Model 13 #1/2 Baths: 0 Model 14 #1/2 Baths: 0 Model 15 #1/2 Baths: 0 Model 14 Bedrooms: 0 Model 15 Bedrooms:.

204 North MANHATTAN Place

Price: $4,000,000
Units Total: 14
Lot Size: 14,315
Living Area: 11,555
Year Built: 1961
Parking: Yes
Days on Market: 16
Description: We are pleased to present a fourteen unit multifamily property located in Koreatown, California. Situated at 204 North Manhattan Place, south of Beverly Boulevard and west of North Western Avenue, the property is well positioned in a prime area of Los Angeles that is adjacent to Hancock Park. The property sits in a premium location, and has an excellent unit mix of six (6) one bedroom / one bathroom units, three (3) two bedroom / one bathroom units, and five (5) two bedroom / two bathroom units. Tenants enjoy onsite parking, a sparkling pool, and an easy walk to main streets of the city. Well positioned in a prime Koreatown location, the subject property offers dominant access to numerous entertainment possibilities, which presents a special opportunity for an investor to capitalize on significant rental upside potential.

Inglewood, 917 EDGEWOOD Street

Price: $3,999,000
Units Total: 13
Lot Size: 11,102
Living Area: 9,875
Year Built: 1956
Parking: Yes
Days on Market: 34
Description: Resting in a prime area of Northwest Inglewood, lies this 13 unit non-rent control, investment opportunity. We are proud to present 917 Edgewood St This structure is situated in a prime location preparing for the unveiling of the highly publicized and famous City of Champions Stadium (Hollywood Park), which will welcome patrons from all sides! With Ladera Heights and View Park – Windsor Hills running adjacent to the property, this building offers a fantastic unit mix of 1 beds, 2 beds, and studios showing a major upside in rents.

Beverly Hills, 158 South ELM Drive

Price: $3,999,000
Units Total: 6
Lot Size: 6,070
Living Area: 5,386
Year Built: 1938
Parking: Yes
Days on Market: 107
Description: THERE WILL BE 3 EMPTY UNITS AT ELM ON OR BEFORE JANUARY 30,2019. IMMEDIATE MARKET RENT OPPORTUNITY FOR A BUYER. One of the highest-profile and most sought-after locations in the world! Excellent “walkability” to the best that Beverly Hills has to offer, The Golden Triangle. 4 of the 6 units extensively and conscientiously rehabbed; modern “finish” while maintaining the building’s vintage character. Three units may be delivered vacant meaning an immediate ‘market rent opportunity’. Almost 5,400 rentable square feet – spacious units with large living room, dining rooms and built-ins. Steady, bond-like annual yield, as well as capital appreciation and tax write-offs for an investor. Seller’s preference is to be cashed out via cash or cash-to-new loan; however, Seller may consider carrying a 50%-60% LTV first trust deed. Considered on an offer-by-offer basis.

Los Angeles, 1383 Midvale Avenue

Price: $3,995,000
Units Total: 8
Lot Size: 7,742
Living Area: 4,546
Year Built: 1941
Parking: 10
Days on Market: 301
Description: Great opportunity for Builders or Developers, prime Westwood location, close to university, shopping, restaurants, park and freeway. This, fully rented, 8 units building is finally for sale. The front building has 2 multi-level units with 2 bedrooms and 2 baths each. The back building consists of 4,1 bedroom, 1 bath and 2 Studios. These building was renovated about 3 years ago and most of the units have the original hardwood flooring. There are 6 parking spaces in the back and 1 car garage in the front with a parking spot on the driveway. There is a laundry room between the front building and the back building. These units are very easy to rent during school enrollment. Come check it out and make an offer. Please do not disturb or ask the tenants about this listing. This property falls under Los Angeles Rent Control. Please verify all information. Financial data are estimates.

Culver City, 4170 INCE Boulevard

Price: $3,995,000
Units Total: 3
Lot Size: 7,385
Living Area: 3,125
Year Built: 1927
Parking: Yes
Days on Market: 52
Description: One-of-a-kind home with 2 income gems in “Old Town Culver City”. Owner has spent extraordinary effort to restore this fabulous Spanish style home to its original glory, adding a fabulous studio and garage from ground up. A privatized front deck with Mexican pavers warmly welcomes you to the primary residence that exudes authenticity and character. The property features hardwood floors, coved barrel ceilings, an entryway skylight, and custom, stained-glass windows that create magical patterns of light. In the kitchen, the antique-accented cabinetry and counter-tops are both impressive and inviting. Master suite boasts stunning high-ceilings, French doors leading to patio deck, spacious walk-in closet, full bath with skylight, and spa tub. Second bedroom features an over-sized closet, full bath, and refreshing natural light. Charming sun-filled studio is outfitted with built-in cabinetry, half bathroom, and private balcony. Beneath the studio, the spacious 2-car garage has ample storage.