Residential Income, California | Page 8 -001-11-30T00:00:00-08:00
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913 South MANSFIELD Avenue

Price: $2,999,000
Units Total: 2
Lot Size: 9,295
Living Area: 7,145
Year Built: 1928
Parking: 0
Days on Market: 292
Description: This trophy duplex is beyond impressive and is an important study in duplex architecture. Undeniably, one of the largest duplexes in Los Angeles at7,145 sq. Ft. With a lot size of 9,295 per tax assessors, this majestic beauty boasts of 9 bedrooms, 6 baths, sweeping interior magnesite staircase, formal entry, oversized living, dining and separate breakfast rooms. The upper living room has high barrel ceilings, hardwood firs (throughout), wood-burning Batchelder fireplace, leaded glass windows, exquisite formal dining w / 14 seat capacity and a separate seating area over the porte cochere. Baths and kitchens retain the charming Art Deco period tiling, upper master has terrific outdoor terrace. Upgrades include: new roof, tuck pointing, landscaping, plumbing, to name a few. Current tenant occupies both upper / lower. 1 bed / 1 bath guest casita in rear of lower unit. 4 car garage. Owner has owned for almost 30 years. This is a once in a lifetime opportunity!

426 South BEDFORD Drive

Price: $2,995,000
Units Total: 2
Lot Size: 6,375
Living Area: 3,979
Year Built: 1929
Parking: Yes
Days on Market: 46
Description: Authentic Spanish duplex in the heart of Beverly Hills. Located around the corner from Roxbury Park, and just blocks from Downtown Beverly Hills, BH High School, and the recently upgraded Westfield Century City. The lower unit has 4 beds / 2.5 baths and features updated kitchen appliances and beautiful wood floors. The upper unit is 3 beds / 2 baths, light and bright with tree top views of Beverly Hills and the Century City skyline. Both units feature interior laundry areas, and central heating and A / C. Very well maintained but could use a little refreshing. A rare and wonderful opportunity in a prime location, ready for its next act!

Newport Beach, 1544 Miramar Drive

Price: $2,995,000
Units Total: 5
Lot Size: 4,342
Living Area: 5,410
Year Built: 1951
Parking: 6
Days on Market: 201
Description: Miramar Apartments is a 4 + 1* unit apartment property located in Newport Beach, California. Built in 1951, the property consists of two, one-bedroom units, two, two-bedroom units, and one, non-conforming two-bedroom unit. The property also includes a single garage, a double garage, and three covered spaces behind the garages. *One, two-bedroom unit is non-conforming.

Los Angeles, 1237 HILLDALE Avenue

Price: $2,995,000
Units Total: 2
Lot Size: 5,804
Living Area: 4,155
Year Built: 1966
Parking: Yes
Days on Market: 225
Description: Featured in Architectural Digest in 1967, this legal duplex with an additional guest unit. Located steps from the Sunset Strip this is a great opportunity to own units that will only raise in value as the west end of the Strip finishes out. Perched on its own knoll and very private this property has great views. A dynamic example of Mid Century architecture. Large living areas with walls of Glass, Open entertainer’s kitchen, stone fireplace, flexible floor plan.

San Clemente, 239 Avenida Pelayo

Price: $2,995,000
Units Total: 6
Lot Size: 7,841
Living Area: 6,211
Year Built: 1965
Parking: 6
Days on Market: 98
Description: Avenida Pelayo Apartments is a 6-unit multifamily investment property located in the city of San Clemente, California. Situated on a 0.18-acre lot, the 6,211 square foot property consists of two-bedroom floor plans and covered parking. Residents benefit from the property’s superior location, just blocks from beaches and the San Clemente Pedestrian Beach Trail and Pier. The property is also located under one-mile from the Outlets at San Clemente, a major retail development.

Long Beach, 262 Park Avenue

Price: $2,995,000
Units Total: 4
Lot Size: 6,357
Living Area: 4,980
Year Built: 1923
Parking: 4
Days on Market: 89
Description: Beautifully remodeled historic charmer located in the estates section of Belmont Height on the hill. Complete restoration of this classic Spanish 4-Plex with New Plumbing, New Heating, New Electrical, New Kitchens with Stainless Steele Appliances and New Baths. All of today’s comforts yet with old world style. Front Building is two units, both are 3 bedroom, 2 Bath with Laundry hook-ups in unit, approximately 1,725 sq. Ft. Each with tandem garages. The Back two units, both 1 bedroom with a Den that can be used as a second bedroom. Each of these back 2 units have a 1 car garage plus private laundry area.

Avalon, 117 Clarissa Avenue

Price: $2,990,000
Units Total: 6
Lot Size: 2,722
Living Area: 7,512
Year Built: 2006
Parking: 4
Days on Market: 181
Description: This is RARE opportunity to own an investment / income producing property on the beautiful Island of Catalina. The units total 2722 sq.ft of living space on 3 levels, with a roof top ocean view deck. DOUBLE LOT -Lot size is 7512. Per Assessor The property offers: 3 office spaces, 2 residential- 2 bedroom units and a fully operational garage / golf cart service on the lowest level. The land is fee simple and all units are presently fully occupied with long term reliable tenants in both offices and residential.

Huntington Beach, 222 3rd Street

Price: $2,990,000
Units Total: 6
Lot Size: 5,663
Living Area: 4,310
Year Built: 1965
Parking: 7
Days on Market: 162
Description: Opportunity awaits! Pride of Ownership with a Spectacular location. Rare opportunity to own one of the most sought after properties in Huntington Beach. Centrally located just one block to Main Street and the Beach. Great mix of units make it ideal for owner user. Front unit is 3 bedroom 2 bath and Two of the units are townhome style. Two buildings with a total of 6 units. Well Maintained with Newer roof. All units have been updated, each unit has Separate meter, 2 Units have their own Laundry and the others have community Laundry. Walking distance to restaurants and shops.

Long Beach, 1251 East 1ST Street

Price: $2,950,000
Units Total: 7
Lot Size: 8,251
Living Area: 6,162
Year Built: 1921
Parking: 6
Days on Market: 35
Description: The East First Street Apartments is a 7-unit garden style building comprised of studio, one bedroom and two bedroom units. The Property offers new ownership an opportunity to acquire a beautifully renovated, turn-key asset with all new tenants, in prime Alamitos Beach, adjacent to the fast developing East Village Arts District and Bluff Park neighborhoods. Also in close proximity to this area is a multitude of amenities along East Broadway and Long Beach Boulevard, two of Long Beach’s busiest main streets. Windows have been replaced throughout the property, which also features upgraded plumbing and electrical systems, in-unit washer / dryers, hardwood / ceramic floors, granite counter tops, recessed lighting, and other high-end finishes.

Avalon, 150 Middle Terrace Road

Price: $2,950,000
Units Total: 2
Lot Size: 2,426
Living Area: 3,042
Year Built: 1927
Parking: 2
Days on Market: 448
Description: Come, live by the Sea! Beautiful Catalina and its idyllic island lifestyle waits you. Breathtaking, panoramic views of the Pacific Ocean and all Avalon’s major land marks; iconic Casino, green pier, Holly Hill House, Chimes Tower, Front Street, and beautiful hillsides are visible from this amazing home in the destination resort town of Avalon. Beautifully renovated, this 1920’s Catalina 4 level duplex is located on the desirable terraces allowing for the incredible panoramic views. The three-story main residence has been renovated with some original details retained. First level consists of a lovely living room with fireplace and floor to ceiling windows to capture the remarkable views; gourmet kitchen with top of the line appliances, guest 3/4 bath, office with beautiful built-ins, enclosed sun porch, a spiral staircase leading to a loft style bedroom, deck for entertaining and garage with kitchen entrance. Lower level contains guest bedroom, guest bath, original built-ins and cedar lined closet, Master retreat includes sitting area, walk-in closet, laundry room, a beautiful master bath with a luxurious spa tub and walk-in jetted shower and dual sinks. French doors lead to a romantic deck with overhead heaters and decorative glass railings for private time. Income producing spacious lower unit features living / dining area, kitchen with granite counter tops, 2 bedrooms, 1 bath, laundry, large storage room and a spacious deck with the same amazing views.

Los Angeles, 3361 ANDRITA Street

Price: $2,950,000
Units Total: 10
Lot Size: 20,786
Living Area: 20,800
Year Built: 1960
Parking: Yes
Days on Market: 27
Description: 3361 Andrita St, a unique development opportunity in one of LA’s most desirable up and coming neighborhoods of Glassell Park. This large lot is permit-ready for 10 modern homes in a small lot subdivision. Plans feature three unit types of three-story single family homes, varying in size between 2200 sq.ft, 1800 sq.ft, and 1400 sq.ft. Each home has a flexible space on the ground level that has a private entrance and can be used as a home office, media room, art studio, or furnished rental. Each home features expansive windows and sky-lights and have city / mountain views. Plans, permits, and applications available upon request. RTI expected in January 2018. Existing improvements consist of a fully vacant ten unit apartment building. Please call or email for marketing package.

Studio City, 4350 Colfax Avenue

Price: $2,950,000
Units Total: 9
Lot Size: 7,346
Living Area: 5,884
Year Built: 1958
Parking: 11
Days on Market: 104
Description: Spectacular 9 Unit apartment building, turnkey with huge upside in rents. Key apartment buildings in this area are fairly rare. So this offering is a real find. It has a unit mix of (2) 2/1 and (7) 1/1. All the units have either their own large patio or fenced backyard. There are 5 units upstairs and 4 downstairs, all with excellent tenants. Security gated building that opens into a lushly landscaped entrance that is low water and maintenance. The rear of the property has a coin-op laundry room with 2 washer and dryers. The building is serviced by LA City trash cans, no need for a dumpster. The property has a great feel with very nice units throughout. The building is done in copper plumbing overall and very low maintenance. The new owner will be well positioned for a nice upside in rental rates and low expenses over time.

Palm Springs, 1800 Smoke Tree Lane

Price: $2,950,000
Units Total: 53
Lot Size: 143,312
Living Area: 425
Parking: 0
Days on Market: 458
Description: Sellers motivated! Updated information provided 11.20.17 – now a 5% cap rate! Smoke Tree Apartments – 51 studio apartments and 2 one bedrooms units; rarely a vacancy. Attractive Pool, Spa, very well maintained. Located just off Hwy. 111, between two large shopping centers, restaurants, supermarkets, amenities, and only minutes to downtown Palm Springs and Palm Springs international airport. It includes an approximate 1 acre of vacant land for expansion. Property information sheet is attached (click on staple above) Zoned for Sober or Assisted living with CUP – Potential to QUADRUPLE income!

Laguna Beach, 455 Hill Street

Price: $2,950,000
Units Total: 3
Lot Size: 5,105
Living Area: 3,243
Year Built: 1958
Parking: 3
Days on Market: 99
Description: An iconic view of the Laguna Hotel, with its stunning backdrop of the Pacific Ocean and adjacent Laguna Beach hillside, makes this completely renovated north Laguna triplex one of a kind. Built in 1948, this property has been lovingly restored to maintain the character of a quintessential Laguna Beach cottage while adding many modern upgrades. There are three units: a 2003 square foot three-bedroom, two bath main unit with a large deck and view, a 552 square foot studio apartment under the main unit with a large outdoor terrace and garden, and a 688 square foot one-bedroom one bath free-standing house with a peek-a-boo ocean view and large wood-burning fireplace. There are numerous designer upgrades throughout all three units. The professionally landscaped property has custom exterior lighting, a timer-equipped fountain, built-in raised organic vegetable garden and mature trees screening adjacent properties for added privacy. There is an additional laundry room for tenants and all three units are on separate utility meters. One two-car garage and one one-car garage accessible by the alley are beneath the one-bedroom house. All three units have custom Dutch doors. Both beach and village close, this special property can be either a main residence enhanced by tenant income, a vacation home or an investment. Come enjoy the good life in Laguna Beach, one of the most beautiful cities in the world!

Glendale, 335 North Isabel Street

Price: $2,900,000
Units Total: 8
Lot Size: 7,477
Living Area: 0
Year Built: 1962
Parking: 0
Days on Market: 81
Description: This beautiful building is located in a quiet neighborhood and is in a close proximity to several restaurants and shops. It has two, two bedroom units and six one bedroom units.

Los Angeles, 6424 West OLYMPIC

Price: $2,900,000
Units Total: 6
Lot Size: 7,846
Living Area: 6,588
Year Built: 1939
Parking: 6
Days on Market: 69
Description: Beverly Hills adjacent 6 unit apt building – Built in Art Deco style. Easy access to Century City, Beverly Hills, Downtown. A short drive to the The Grove, Restaurant Row, and Beverly Hills stores and entertainment. Rare opportunity to own an investment property like this. Probate sale subject to court confirmation and in-court overbiddingWell maintained building with new roof, landscaping and exterior paint

Los Angeles, 330 North PATTON Street

Price: $2,895,000
Units Total: 36
Lot Size: 11,184
Living Area: 27,771
Parking: 48
Days on Market: 587
Description: DEVELOPER ALERT: opportunity to develop 36 Unit apartment bldg on 11.2k SF lot with alley access in South Echo Park, and minutes from DTLA! This project of 6-story bldg will be delivered to buyer with PLANNING APPROVAL ONLY (NO LADBS). Unit mix: (7) 2bd / 2ba, (8) 1bd / 1ba, and (21) studios. Each spacious unit has their own balcony. Property amenities feat controlled access entry, fitness room, 2-level garage and common front deck. Ideally located in the heart of Echo Park / Silver Lake area w / convenient access to 101 and 110 freeways and close proximity to retail, shopping, restaurants and just minutes away from Downtown LA and the Dodger Stadium. Don’t let this rare opportunity go by! Buyers to verify all info and rely on their own investigation. Marketing package available upon request. THIS IS A LAND DEVEOLOPMENT SALE ONLY

Santa Monica, 1417 10TH Street

Price: $2,890,000
Units Total: 4
Lot Size: 7,505
Living Area: 4,541
Year Built: 1924
Parking: Yes
Days on Market: 295
Description: Charm of 1920’s A unique building with sits on a pleasant street close to college, schools, beach, business, restaurants and public transportation. 1417 and 1419 are a quadruplex. Each number has 2 units, down stairs and up stairs. The total living has 4,541 sq.ft. The beautiful city of Santa Monica offers warm weather, clean air, blue sky and sand beach. Each of this 4 unit has 2 bed, 1 bath, hard wood floor, crown molding, nice size living room, dining room, kitchen, laundry room, long hallway and garage. The green backyard offers places to BBQ, to plant or simply enjoy the sun

Los Angeles, 4070 VENICE

Price: $2,850,000
Units Total: 12
Lot Size: 11,260
Living Area: 8,863
Year Built: 1961
Parking: Yes
Days on Market: 62
Description: Located in the Park Mile Sub market, this 12-unit Class B 1961 building is a prime play. Unit mix: (3) 1 + 1; (7) 2 + 1; (2) 3 + 2. With the medium home value in the area at $650,000, opportunity for higher rent values will continue as they will still float below 60% of a standard mortgage for the area. Call me today for an market sheetMid-Wilshire Sub-market cluster; Park Mile Sub Market

215 South NORMANDIE Avenue

Price: $2,825,000
Units Total: 12
Lot Size: 7,747
Living Area: 9,158
Year Built: 1962
Parking: Yes
Days on Market: 95
Description: As part of the Mid-Wilshire / Century 5 Portfolio, we are proud to present 215 S Normandie Ave, a 1962 built Mid-Century 2-story 12-unit wood-frame stucco building. The property features front façade accent lines and tasteful landscaping. The building is separately metered for gas and electric, contains a master boiler, and has on-site laundry machines. The unit mix consists of 10 (1 + 1) and 2 (2 + 2) apartments. This is an excellent value-add investment opportunity for investors looking to purchase a property with considerable rental upside potential located in a booming / high-demand rental market. This asset can be purchased individually or in groups / bulk with the other 4 buildings in the Mid-Wilshire / Century 5 Portfolio.

Los Angeles, 122 South HARPER Avenue

Price: $2,799,000
Units Total: 2
Lot Size: 6,249
Living Area: 3,973
Year Built: 1930
Days on Market: 464
Description: Remarks: EXQUISITE SPANISH DUPLEX IN IMMACULATE CONDITION LOVINGLY RESTORED! THIS IS WHAT YOU HAVE BEEN WAITING FOR! Fantastic location north of 3rd St. Close to the Beverly Center, The Grove, shops and restaurants. Enter through the gate to a grand entry way and staircase highlighted by an original stained glass window. The upper and lower units have three bedrooms and 2 bathrooms, spacious and elegant living rooms with fireplaces and large and windows, formal dining rooms, crown molding, gleaming hardwood floors, central air and heat, recessed lighting and outdoor patios,. Renovated 4 car garage plus more space behind the gate to park a few cars. Lovely garden patio entertainment area in the back yard with a soothing fountain. Upstairs unit has all new hardwood flooring and a concealed staircase leading to a private deck with views. Too many upgrades to list.

Buena Park, 6596 Indiana Street

Price: $2,795,000
Units Total: 11
Lot Size: 65,340
Living Area: 9,636
Year Built: 1979
Parking: 22
Days on Market: 265
Description: 11 Units – 7 Two Bedroom, One Bath and 4 One Bedroom, One Bath units. Month to month rental agreements. Separately metered for gas and electric. Nicely landscaped. Each unit has a one car garage and one off-street parking space. All units have interior laundry hook ups, plus common area laundry room on month to month agreement with Wash for additional income. Downstairs units have a patio area with concrete pad and updated fencing. Upstairs units have high beam ceilings in the living area, fireplace and lots of light. Swimming pool on property is currently capped, but can be re-done for added amenity. Ideal value add opportunity for experienced owner who can make a few improvements and bring the rents up to market.

218 East Balboa Boulevard

Price: $2,795,000
Units Total: 2
Lot Size: 2,614
Living Area: 2,816
Year Built: 1972
Parking: 2
Days on Market: 257
Description: Spacious duplex with views of the ocean and bay! Less than 300-feet from the beach and quick walk to the Pier. Comfortable, open floor plan, dual pane windows, beveled glass, and vaulted ceilings with elegant oak, maple, and cherry accents throughout. Large country kitchen with pantry and breakfast nook overlooking the bay and ocean. Central A / C, ceiling fans, custom brick patio, and wide, 2 car garage. All this, plus a separate 3 bed, 2 bath below! Featuring its own private entry, full kitchen, laundry, gas appliances, A / C, furnace, and high efficiency windows.

Long Beach, 5493 Atlantic Avenue

Price: $2,790,000
Units Total: 15
Lot Size: 9,911
Living Area: 9,280
Year Built: 1959
Parking: 10
Days on Market: 159
Description: The Atlantic Avenue Apartments is a 15-unit apartment community located in the North Long Beach submarket. Comprised of two buildings situated on a 9,911 sq.ft parcel, the property consists of fourteen 1bed / 1bath units and one 3 bed / 2 bath unit. The property is located within walking distance to bus lines, restaurants, and presents an opportunity to acquire a value-add asset that provides immediate cash flow.