Residential Income, California | Page 8 -001-11-30T00:00:00-08:00
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Valley Village, 5517 Corteen Place

Price: $3,500,000
Units Total: 8
Lot Size: 12,279
Living Area: 8,320
Year Built: 1989
Parking: 0
Days on Market: 45
Description: Well maintained 8-unit apartment complex. Two separate 4-unit buildings built in 1989. Six 2-bedroom 2-bathroom units with balconies. Two 3-bedroom 2-bathroom units. Each unit separately metered for gas. Each unit equipped with it’s own hot water tank. Central Heating and Cooling. Shared coin-operated laundry. Gated lot with 18 parking spaces. Dusk-to-dawn exterior and parking lighting. Security cameras around property with remote access. Internet and Wifi. 2 storage rooms. Irrigation system. 2 bike racks fitting 8 bicycles. Property equipped with fire extinguishers and sprinkler system. LAHCID property inspection completed and passed November 2017.

Pasadena, 47 North Craig Avenue

Price: $3,500,000
Units Total: 8
Lot Size: 18,015
Living Area: 5,872
Year Built: 1954
Parking: 8
Days on Market: 17
Description: Excellent nice Pasadena neighborhood close to PCC, South Lake District. Building consists of all two bedrooms, one bath units in two one story building. Extra large lot with potential future developments. All units are well maintained and in good condition.

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: 518
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.

Huntington Park, 6130 Rugby Avenue

Price: $3,500,000
Units Total: 13
Lot Size: 44,847
Living Area: 51,000
Year Built: 1989
Parking: 2
Days on Market: 225
Description: Price Reduction! There are 15 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.

520 Manhattan Beach Boulevard

Price: $3,499,999
Units Total: 2
Lot Size: 2,493
Living Area: 2,500
Year Built: 1960
Parking: 6
Days on Market: 21
Description: Location location location! Manhattan Beach duplex in the heart of downtown. Each residence has 2 bedrooms, 2 bathrooms, an open floor plan with a fireplace, a bar area with natural light, and beautiful high pitched natural wood ceilings. Building upgrades including maple hardwood floors, HE washer and dryer appliances, and additions were made in 2008 creating direct pier and ocean views from the patio and balcony. Plenty of closet space and additional private storage for each residence. Driveway access from 11th Place allows two tandem parking for each, in addition to garage parking. Close to everything Manhattan Beach has to offer. A walk to the strand, trendy dining, and shopping. Take advantage of the top-rated schools, great owner user with ability to fully develop an additional 2,000 sq.ft on 11th Place. Buyer to verify all info with the city and do their own investigations. Start enjoying the beach lifestyle, filled with sun, sand, and entertainment. Available for seasonal lease. Move-in or make the residences available for rentals. Don’t miss this amazing property.

1336 North FAIRFAX Avenue

Price: $3,499,900
Units Total: 2
Lot Size: 6,549
Living Area: 4,880
Year Built: 2006
Parking: Yes
Days on Market: 29
Description: Incredible Grand Duplex, each unit is just like your own home. Very private and gated. Front home, enter into this large living area, very open and bright, lots of windows that bring in natural light. Chef’s kitchen with center island cook top. Built In stainless appliances, lots of cabinets. Sliding glass doors open to a spacious covered patio. Perfect for entertaining or just relaxing. Upstairs features 3 Bedroom suites, with their own baths and wood floors. Inviting master suite, hi ceilings, open balcony that lets in cool breezes and sunlight. Huge master bath, with double sinks, sunk in tub and separate shower. Rear home, Separate entrance, Fabulous entertainers kitchen, stone tile flooring thru-out. Built in stainless appliances. 3 Bedroom suites upstairs. The oversize Master suite and bath are amazing, along with a keep on going master walk in closet. They Have rooftop decks, with amazing views from Hollywood Hills, to the West side. Please see showing remarks!

Lawndale, 4539 West 159th Street

Price: $3,499,000
Units Total: 10
Lot Size: 9,444
Living Area: 8,772
Year Built: 1987
Parking: 22
Days on Market: 126
Description: 10 LARGE units and 30 years newer than the typical South Bay apartment asset. The subject property has a secured, glass entry and on-grade parking structure with 20 striped spaces – and 2 additional spots for the dumpster and vent piping. The unit mix of all 2 bedrooms 1 baths and 3 bedrooms 1.75 baths lends itself to tenant-stability. 4 units rehabbed and copper plumbing, too. The building is well-located (10 minute drive to Manhattan Beach Pier) and extremely well-run by the local, hands-on owner. No rent control, no annual code enforcement, no mandatory seismic / soft-story retrofit work. An ideal “buy-and-hold”.

1530 North Coast Highway

Price: $3,495,000
Units Total: 6
Lot Size: 4,200
Living Area: 4,400
Year Built: 1962
Parking: 4
Days on Market: 20
Description: Lee and Associates, as the exclusive listing agent, is please to present the opportunity to acquire the North Coast Apartments. 1530 North Coast Highway is a mixed-use multi-family and commercial property located in Laguna Beach California. Built in 1962, the property consists of five* dwelling units and one retail suite on a 4,200 square foot lot. The property includes four covered parking spaces, an on-site laundry facility and patios with amazing ocean views. Located near the intersection of North Coast Highway and San Joaquin Street and just over one mile from Main Beach Laguna, the property provides convenient access to retail, dining, and entertainment options. Furthermore, the property is within walking distance to Crescent Bay Point Park and Crescent Bay Beach. Given it’s premier coastal location and it’s proximity to some of the strongest demographics in Orange County, 1530 North Coast Highway represents a rare opportunity to acquire a pride-of-ownership asset in the affluent and highly desirable Laguna Beach submarket. *One unit is split into two units.

Los Angeles, 5722 CAMERFORD Avenue

Price: $3,495,000
Units Total: 5
Lot Size: 6,500
Living Area: 5,547
Year Built: 1921
Parking: Yes
Days on Market: 74
Description: 5722-5724 Camerford Ave, a very rare 5,500 sq.ft income property in the heart of Hollywood. Across from Paramount Studios walking distance to the popular Larchmont Village. Newly Renovated Multifamily. 4 very large unit building and a single family residence with a lovely front yard. All granite counter tops and stainless steel appliances. Great Cash flow. Gross Income of $173,340, Net Income: $150,696.00 Current Cap Rate 4.36% Location Location Location!

Venice, 800 INDIANA Avenue

Price: $3,494,000
Units Total: 2
Lot Size: 5,281
Living Area: 4,458
Year Built: 2004
Parking: 4
Days on Market: 61
Description: Architectural Duplex for Under $1.75m per unit! Built in 2004 (no rent control!) by famed local Venice architect Peter Fergin, this side-by-side duplex exudes both industrial chic and fabulous warmth. With one unit delivered vacant and the other unit on a month-to-month lease, this is a perfect owner-user opportunity or an easy-to-own income property for any level of investor. The design of the complex takes advantage of nature by incorporating large windows to bring in natural light, large patio spaces for enjoying the California weather, and using materials such as polished concrete flooring and wood ceiling paneling in one unit. Both units feature in-unit laundry, private two-car tandem space garages with direct access, separate entryways for direct access to each unit, and private outdoor spaces. You and your tenants will love the privacy each unit has and the incredible amount of space. Close to all of Venice, Santa Monica, and Silicon Beach, this is a must see!

San Bernardino, 1414 Citrus Street

Price: $3,425,000
Units Total: 36
Lot Size: 48,212
Living Area: 30,898
Year Built: 1963
Parking: 42
Days on Market: 35
Description: RECENT PRICE REDUCTION. Seller is motivated. Actual CAP of 7.28% and a GRM of 8.33. Recent Capital Improvements, Under New Management, Property is 100% Occupied and Stabilized / Non-Rent Control Community and Area. Located 5 Minute from San Manuel Indian Casino and 14 Minutes from CSUSB / Rental Comparables Illustrate a 98% Occupancy Area. Neighborhood Has Experienced A Recent Revitalization / 5% Upside in Potential Rental Income. Per Recent Rental Survey Neighboring Rental Comps Reflect Room For Rental Increases / BBQ / Pool Area, Onsite Laundry, Gated and Covered Parking. The Cedarwood Apartments are situated on a large 1.11 acre lot. This thirty six unit apartment community is composed of all two bedroom / one bathroom units. The Apartment community is located in the East Lynwood Drive / Del Rosa Avenue area. The areas real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and apartment complexes. Many of the residences in the East Lynwood Drive / Del Rosa Avenue neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999. Home and apartment vacancy rates are 5-10% East Lynwood Drive / Del Rosa Avenue area. Analysis shows that this rate is lower than 40% of the Neighborhoods in the nation, approximately near the middle range for vacancies.

3308 Castle Heights Avenue

Price: $3,425,000
Units Total: 12
Lot Size: 9,669
Living Area: 9,726
Year Built: 1953
Parking: Yes
Days on Market: 27
Description: Palms 12 unit apartment building 1/4 mile from Metro Expo Line stop consisting of all 1 + 1 units. Most of the units have been renovated or remodeled in some fashion and 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 laundry room (leased equipment). 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.

4707 North FIGUEROA Street

Price: $3,400,000
Units Total: 10
Lot Size: 17,166
Living Area: 6,830
Year Built: 1923
Parking: Yes
Days on Market: 3

Beverly Hills, 226 South Gale Drive

Price: $3,400,000
Units Total: 6
Lot Size: 5,843
Living Area: 5,394
Year Built: 1956
Parking: Yes
Days on Market: 9
Description: First time on the market! 6 units in Beverly Hills: Location Location Location. Excellent value-add opportunity with over 60% upside in rents. Ideal Owner User’s unit and steps away from the metro station located at the corner of La Cienega and Wilshire. Great unit mix of 3 (1 + 1) and 3 (2 Bedroom apartment homes).

Inglewood, 715 Marlborough Avenue

Price: $3,400,000
Units Total: 12
Lot Size: 10,141
Living Area: 9,833
Year Built: 1960
Parking: 10
Days on Market: 18
Description: 715 Marlborough Ave is a 12-unit property located in Inglewood. This property has a unit mix consisting of (2) 3-bed / 2-bath, (1) 3-bed / 1-bath, (1) 2-bed / 2-bath, (4) 2-bed / 1-bath, (2) 1-bed / 1-bath, and (2) 0-bed / 1-bath units. The building is situated on a 10,141 sq.ft lot with 9,833 sq.ft of total living area. 715 Marlborough features a garage / carport, as well as plenty of street parking. This property has been substantially remodeled, however, the pending renovations will need to be completed by the new owner. An incredible value-add opportunity, this property is perfect for anyone looking to build their portfolio.

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: 72
Description: This assemblage of a two parcel property is located in the heart of downtown Playa del Rey. C-4 zoning on both lots with a Culver Blvd LAR3 overlay allowing mixed use. Currently occupied by commercial tenants with short term leases. Big upside for best use by utilizing the entire property for high-end retail and penthouse living. Big ocean views. Just 2 block from the beach. Can be bundled as an assemblage with 177 Culver to the Ease and / or the vacant lots adjoining to the North side at 6832 and 6836 Esplanade. Take this piece and plant your flag at Silicon Beach. Adjacent to both the Ballona Lagoon and Park. Previously offered only as part of an assemblage, now offered as Stand Alone sale. Close to LAX, freeways, public transportation. The HUB LOCATION for Manhattan Beach, Playa del Rey, Playa Vista, Venice, Culver City and Downtown LA.

West Hollywood, 9024 HARRATT Street

Price: $3,390,000
Units Total: 3
Lot Size: 7,621
Living Area: 3,320
Year Built: 1923
Parking: Yes
Days on Market: 129
Description: Welcome to a private oasis right in the heart of West Hollywood. Remodeled to perfection, this charming 3bed / 3bath home w / duplex in back, has it all. The duplex has beautiful french doors that open to balconies that over look the pool. Each flex-unit can be turned into 2bed / 1bath or 1bed / 1bath w / massive walk in closet. Each unit has its own washer / dryer and dishwasher. Amenities in main house include, wall mounted TV in the living room, In-Ceiling speakers, iPad controlled Nuvo music server, Surveillance Camera System, Alarm System, and fully pre-wired Smart Home ready for your full enjoyment. This is one of the few properties in Weho to have a massive swimmers pool, along with an outdoor shower and BBQ area. Fantastic location which is walking distance to Sunset Strip, Roxy theater, many famous restaurants as well as the new Edition hotel that will open in Spring. Whether you move into the main house and collect income on the back units or rent all three, it’s truly one of a kind property

5757 Willowcrest Avenue

Price: $3,390,000
Units Total: 12
Lot Size: 14,877
Living Area: 9,127
Year Built: 1951
Parking: Yes
Days on Market: 32
Description: Amazing opportunity to own a residential income property in North Hollywood! Featuring 12 units located on a 14,877 sq.ft lot with a beautifully maintained exterior, a charming court yard, community laundry on premises and ample parking space!

Pasadena, 44 North ROOSEVELT Avenue

Price: $3,350,000
Units Total: 10
Lot Size: 10,341
Living Area: 7,049
Year Built: 1965
Parking: Yes
Days on Market: 5
Description: Realty Advisory Group, Inc. Is exclusively offering for sale 44 N. Roosevelt Ave, Pasadena, CA. Built in 1965, this easy to manage non-rent controlled property consists of 10 Units, (3) two bed + one bath and (7) one bed + one bath. The building totals 7,049 sq.ft and sits on a 10,454 sq.ft lot. The property is individually metered for gas / electric and features (10) parking spaces with individual storage units above. The units offer private patios.

Van Nuys, 15135 Victory Boulevard

Price: $3,300,000
Units Total: 21
Lot Size: 9,524
Living Area: 8,589
Year Built: 1964
Parking: 0
Days on Market: 27

Montrose, 2520 MONTROSE Avenue

Price: $3,300,000
Units Total: 11
Lot Size: 10,303
Living Area: 5,502
Year Built: 1947
Parking: Yes
Days on Market: 43
Description: Located in Montrose, CA and within 3 blocks of Honolulu Avenue and downtown Montrose’s unique small-town atmosphere that includes shopping, dining, and a strong sense of community. The property consists of 3 structures on one parcel. There are 11 units, of which ten are 1 bedroom 1 bath units and one is a 2 bedroom 1 bath owner’s unit, with private patio and one-car garage. (Buyer to verify all square footages and conforming units). Situated on a 10,303 square foot lot with LCR3 zoning, there may be future development potential for the asset. The property issituated in an unincorporated area of L. A. County, without the limitations of rent control. There are 8 parking spaces. Units are master metered for all utilities. The property has many strengths: excellent location, decent lot size, and no rent control. Tremendous “value-add” potential exists for an investor to upgrade the units and raise rents to market.

Blythe, 400 North PALM Drive

Price: $3,300,000
Units Total: 70
Lot Size: 402,494
Living Area: 66,000
Year Built: 1991
Parking: Yes
Days on Market: 520
Description: Now fully rehabbed and vacant units ready to be leased up, Recently Foreclosed, Newer 1991 built Pride Garden apartment complex consisting of 70 units in 15 buildings plus rental office, of which 30 are 2 Bedroom 1 bath and 40 are 3 bedrooms 1.5 bath townhouse style, over 2.5 Million spent to rehab complex in 2008 total cost over $9M. Building is currently 50% rented with rents that are 30% below market, Market rents are 725 for the 2 bedrooms and 800-825 for the 3 bedrooms market rents, each unit has own laundry hook ups and water heater. Amenities include: Pool, Rec room, secured ample parking, each unit has its own outside private storage room, Tremendous long term upside on rents. Now fully rented, Courtyard style garden apartment complex, two triplexes across each other in a peaceful and quiet setting, all units recently maintained, low maintenance and easy management, 10 covered parking space and two car private garage, plus extra land behind building for more cars or

Los Angeles, 1337 West 36th Place

Price: $3,300,000
Units Total: 4
Lot Size: 6,547
Living Area: 4,142
Year Built: 2017
Parking: 8
Days on Market: 112
Description: New construction student housing asset in Los Angeles, CA. Located in a highly sought-after student housing area less than three blocks from the University of Southern California within the DPS patrol boundaries, less than one mile from the new $700 million University Village. 1337 West 36th Place features two duplexes with a total of four three-bedroom / three bath units that are in excellent condition and loaded with amenities. All units have an exterior balcony and in-unit laundry. On of the units is currently owner occupied with two additional tenants, while the three remaining units are leased to a company that assists foreign students with transitioning to American college life. The company leases the units and then subleases them to students at significant markups. A new investor could capture substantial rental upside by terminating this arrangement and renting the units at market rates, or they could enjoy the management-free nature of the asset by continuing as-is. This company is highly interested in continuing the arrangement at an increased monthly rent. The property also features an unpermitted bedroom with a bath that is currently rented as an Airbnb. The property operates with an incredibly low expense load. The units are separately metered for all utilities and the common area lighting expense is low due to state of the art LED lights. Additionally the property’s design gives it attractive curb appeal wile requiring minimal landscaping expense.

Los Angeles, 6033 ELEANOR Avenue

Price: $3,300,000
Units Total: 8
Lot Size: 6,500
Living Area: 6,400
Year Built: 2006
Parking: 0
Days on Market: 63