Residential Income, California | Page 8 -001-11-30T00:00:00-08:00
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11214 MORRISON Street

Price: $3,345,000
Units Total: 6
Lot Size: 7,100
Living Area: 7,800
Year Built: 2016
Parking: Yes
Days on Market: 30
Description: We are proud to present a Rare, Investment Opportunity, in the Heart of NoHo’s, Famous Art District, a very High Rated Location with No Rent Control. This one of a kind Contemporary Structure, which is currently THE ONLY BRAND NEW Structure in its size FOR SALE, in this sought after neighborhood was completed in 2016 by a talented Architect, with the use of finest Sustainable Materials, according to the Principal of Modern Design, that left no detail untouched. All Stainless Steel Appliances. Included in Sale, Units are separately metered for Electricity, Gas AND WATER. Please see the Virtual Tour. Note: There is an existing Assumable loan of $1,580,000 with a 3.65% interest rate, Yes 3.65%. This is a saving of over $800 monthly compared to today’s rate, which simply can not be duplicated. Also, there are 6 large Storage rooms in the garage that could generate additional income

Playa del Rey, 185 CULVER

Price: $3,325,000
Units Total: 0
Lot Size: 2,577
Living Area: 1,625
Year Built: 1948
Parking: Yes
Days on Market: 119
Description: “The Shack” Restaurant is for sale. Inherit a lease that expires June 30,2019. This is a most rare offering in the heart of downtown Playa Del Rey. Being sold for the first time as a stand alone sale, this price tag includes the adjacent vacant LAR-3 lot, currently vacant and used as a parking lot. The C-4 restaurant boasts a Culver Bl R-1 overlay, allowing for residential build above the existing structure. This is an exciting opportunity to own Silicon Beach Commercial (LAC-4) Real Estate with an irreplaceable high coverage, short-term lease. There is 100% upside in rent in this Silicon Beach Gem.

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: 342
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.

Seal Beach, 1117 Seal Way

Price: $3,300,000
Units Total: 3
Lot Size: 3,415
Living Area: 3,630
Year Built: 1966
Parking: 3
Days on Market: 43
Description: Rare opportunity to own a three units, right on the sand. Triplex sits on a corner, oversize lot and consist of (2) upstairs two bedroom, one bath units. Upstairs units have an ocean front balcony and back deck. Downstairs unit consist of three bedrooms and two baths and a private ocean front deck. Property includes (3) one car garage and onsite laundry. Sale of this property is subject to a”right to reside” provision for the downstairs unit tenant, which will be assumed by the Buyer. “Right to reside tenant” will pay “Market rent”. Please do not walk property or talk to tenants.

Los Angeles, 138 North SOTO Street

Price: $3,295,000
Units Total: 20
Lot Size: 8,909
Living Area: 13,924
Year Built: 1930
Parking: 0
Days on Market: 72
Description:

West Hollywood, 9014 HARRATT Street

Price: $3,295,000
Units Total: 4
Lot Size: 7,657
Living Area: 3,400
Year Built: 1922
Parking: 4
Days on Market: 11
Description: Rare opportunity to acquire a luxurious trophy 4-dwelling residential compound on a large, private lot in a prime, Sunset Plaza location where Beverly Hills and the Sunset Strip meet. This comfortable, chic urban hideaway is set on lush, park-like grounds featuring mature palm, lemon, and avocado trees on one of the largest lots in all of Norma Triangle. The private compound features a total of 4 dwellings – a two-story, 3-bed + office SFR main residence with 1920’s Craftsman architecture, a separate detached 2-bedroom house, and an additional detached duplex containing two 1 bed 1 bath units. All dwellings are tastefully updated and have separate private entrances with private gated yards / patios. New world-renowned luxury boutique Edition Hotel is being constructed nearby within walking distance, as well as numerous other boutique hotels and high-end developments along the west-end of the iconic Sunset Strip. This singular, one of a kind trophy property in a world class location can

Newport Beach, 108 Grant Street

Price: $3,290,000
Units Total: 2
Lot Size: 2,178
Living Area: 2,557
Year Built: 1967
Parking: 4
Days on Market: 185
Description: This beautiful Cape Cod Beach Property, one block from the beach is truly unique. It is a legal duplex, address is 108 and 108.5, Zoned as R2 (multi-family dwelling), this home could be opened up to be one living space with 5 bedrooms and 4 bathrooms. With over 2,500 sq.ft of living space, it has been completely remodeled from top to bottom. Perfect for entertaining with 2 kitchens, one upstairs and one downstairs, and 3 separate living areas. Opening one doorway makes it a duplex again with rental income. Hardwood floors throughout, wainscoting, wood beamed ceilings, plantation shutters, 3 Dutch doors, granite countertops, wood / panel ceilings, ceiling fans, A / C, front patio with rich accents and so much more. Ocean views are seen from the roof top deck. 2 car garage plus one additional parking space. This area is becoming highly sought after for its easy access off PCH to its great beaches and community.

Los Angeles, 2101 Clyde Avenue

Price: $3,290,000
Units Total: 4
Lot Size: 6,848
Living Area: 6,871
Year Built: 2017
Parking: 8
Days on Market: 29
Description: WE ARE PROUD TO PRESENT THIS BEAUTIFUL NEW CONSTRUCTION LUXURIOUS, CONTEMPORARY FOURPLEX, BROUGHT TO YOU BY ONE OF LA’S MOST REPUTABLE BUILDERS. BEAUTIFUL 3 BED 3 BATH EACH UNIT, 2 SEPERATE BUILDINGS WITH 2 UNITS IN EACH BUILDING, TRI LEVEL BUILDINGS, OPEN FLOOR PLANS, MASTER BEDROOM IN ALL UNITS WITH WALK IN CLOSETS, QUARTS COUNTERTOPS IN KITCHEN AND BATHROOMS WITH CUSTOM DECORATIVE GLASS BACK SPLASH THROUGHOUT EACH UNIT, CUSTOM WINDOW SHADES, SAMSUNG STAINLESS STEEL APPLIANCES, WHITE SHAKER CUSTOM KITCHEN CABINETS, TWO- TONED INTERIOR PAINTING, CENTRAL HVAC SYSTEM IN EACH UNIT, LOW VOLTAGE LED RECESSED LIGHTING THROUGHOUT EACH UNIT, LAUNDRY ROOMS IN EACH UNIT WITH SAMSUNG WASHER and DRYER, TANKLESS WATER HEATERS, GREEN CERTIFIED, DROUGHT RESISTANT, AUTOMATIC FIRE SPRINKLER SYSTEM THROUGHOUT ALL UNITS, AUTOMATIC DECORATIVE WOOD FENCE, EACH UNIT WITH 2 CAR ATTACHED GARAGE WITH CUSTOM EPOXY DECORATIVE FLOORING, BALCONIES IN EACH UNIT, PROPERTY WELL SECURED, PLENTY OF PARKING WITH DECORATIVE PAVERS. INDIVIDUAL METERS FOR EACH UNIT, WATER, GAS, AND ELECTRIC. 5TH ELECTRIC METER FOR EXTERIOR LIGHTING. PROPERTY CENTRALLY LOCATED TO MAJOR TRANSPORTATION, 10 FWY, LA CIENAGA BLVD, VENICE BLVD, FAIRFAX, METRO EXPO LINE, DOWNTOWN CULVER CITY (2 MILES), BEVERLY CENTER (4 MILES), THE GROVE (3 MILES) and CEDAR SINAI HOSPITAL. NEAR BY DINING, NIGHT LIFE and SHOPPING LOCATIONS. TURN KEY, NO RENT CONTROL, HIGH CASH FLOW.

Bell, 5317 Florence Avenue

Price: $3,250,000
Units Total: 19
Lot Size: 22,895
Living Area: 7,600
Year Built: 2017
Parking: 19
Days on Market: 114
Description: This exciting turnkey opportunity features 19 new construction one-bedroom / one-bath modular homes on a large 22,895-square foot lot. The property also features ample on-site parking and attractive landscaping. The excellent condition of the units attracts quality tenants and makes this property competitive in an extremely dense rental market where vacancy rates have dipped below two percent. Additionally, the propertys location conveniently near the 710 Freeway makes it an attractive commuter option. With strong cash flow on current rents, 5317 Florence Avenue is an excellent opportunity to acquire a turnkey asset in a dense rental market.

Long Beach, 6601 East Seaside Walk

Price: $3,250,000
Units Total: 2
Lot Size: 3,927
Living Area: 3,927
Year Built: 1962
Parking: 2
Days on Market: 284
Description: Beach Front 5 Bedroom plus Den, 4 Bathroom Home Located on an Over Sized Corner Lot. With Appox. 3,900 sq.ft. Of Living Space and Amazing Ocean Views this Home also Features a 3 Bedroom, 3 Bathroom Ocean Front Unit with an Ocean Front Living Room with a Fireplace, an Ocean Front Dining Room, a Kitchen with a Breakfast Bar, a Den with Built-Ins, a Downstairs Bedroom and Full Bathroom, A Outdoor Entertaining Area with Full Kitchen, Built-In Grill, Heaters, and Ocean Views, an Upstairs Laundry Room, A Master Suite with Ocean Views, a Fireplace, a Deck, a Remodeled Master Bathroom with a Walk-In Closet, and a 2-Car Garage with Storage. As-well-as a 2 Bedroom, 1 Bathroom Upstairs Unit above the Garage. A Great Opportunity to Own an Ocean Front Property on the Peninsula!

Los Angeles, 141 South AVENUE 57

Price: $3,250,000
Units Total: 5
Lot Size: 17,884
Living Area: 6,918
Year Built: 1933
Parking: Yes
Days on Market: 142
Description: A rare opportunity to buy a Los Angeles Historic Cultural Monument off Figueroa Street in the heart of Highland Park. Close proximity to Highland Park Bowl, Highland Park Theater, Pop Physique, and The Greyhound Bar and Grill. This property offers many opportunities to renovate this LARD2, HPOZ zoned property. Currently, configured as three separate structures that are tenant occupied with a total of 14 bedrooms and 7.5 bathrooms. Potential to build new subdivision with existing Historical structures on this one parcel. Historic Property is listed under Los Angeles Historic Cultural Monuments on the East and Northeast Sides HCM #366-Latter House and Arroyo Stone Wall. Drive by property only. Do not disturb tenants.

Rialto, 1004 South Riverside Avenue

Price: $3,242,000
Units Total: 15
Lot Size: 39,370
Living Area: 17,325
Year Built: 2005
Parking: 32
Days on Market: 291
Description: 15 Luxury Townhome Style Units. Built in 2005. All 3 Bedrooms 2.5 baths. Units gated community is conveniently located within walking distance to the Walmart shopping center and restaurants (McDonald, Burger King) on Riverside Ave in Rialto. Easy access to 10 freeway. Total building square feet = 17,325; Lot size = 39,270 sq. Ft.; Each unit is approx 1,150 sq. Ft. With laundry hookup, 1 car garage, 1 parking space, and side garden. 2 guest parking in common area. Easy to manage newer units with low expenses. Current income = $243,000. Current operating expense = $52,471. Actual Cap = 5.9% Market rent is $261,000 Potential market cap rate = 6.43% Assumable financing available at 3.15%!

West Hollywood, 395 Huntley Drive

Price: $3,225,000
Units Total: 3
Lot Size: 5,938
Living Area: 4,344
Year Built: 1963
Parking: Yes
Days on Market: 9
Description: Exceptional income property in prime West Hollywood location. Two spacious two bedroom units and a loft on cul-de-sac street amidst the WeHo design district just steps away from iconic dining and shopping options, Melrose Place, PD Center etc. Unassuming from street view, each apartment is tucked away in the peaceful back surrounded by greenery. It feels like a private home. The 2nd floor loft faces the street and Hollywood Hills. All units are well maintained and have great original architecture and charm. There is also tremendous upside for renovation and improvement. All units are delivered vacant. A truly unique opportunity in the West Hollywood West market in this location.

Los Angeles, 8653 West OLYMPIC

Price: $3,200,000
Units Total: 3
Lot Size: 6,316
Living Area: 4,937
Year Built: 1939
Parking: Yes
Days on Market: 19
Description: Presenting this gorgeous Mediterranean triplex on the corner of 940 S Bedford and 8653 W Olympic, and it is walking distance to everything! This is a + / -4,937 sq.ft charming Mediterranean house with a + / – 2,500 sq.ft 3 bed / 2 bath vacant owners unit and two 2 bed / 2 bath rented units on a + / -6,316 sq.ft lot, built in 1939 with R3 zoning. This building has been beautifully remodeled and has the feel of a high end home rather than an a triplex. It it located in a pride of ownership area, just steps from restaurants, businesses, shops, and places of worship. Below market rents offer upside in an area of high appreciation. This property would be perfect for someone looking to live in a stunning home while collecting rent from the other units. It would also be great for an investor looking for an apartment building in a great area with upside in rents and stable, predictable cash flow. With R3 zoning it also has development potential. This one will go fast! Email me now to make an offer

Glendale, 1539 Princess Drive

Price: $3,200,000
Units Total: 2
Lot Size: 38,750
Living Area: 10,974
Year Built: 1941
Parking: 0
Days on Market: 95
Description: Best priced per square feet mansion for Glendale and surrounding areas. Huge stunning and exceptional Spanish / Mediterranean luxury estate nestled on nearly an acre of completely private property that extends from street to street. The main house features formal living / dining, breakfast and study room with 7 bedrooms, 8 bathrooms including a gorgeous master suite with sitting room and incredible mountain views, first floor has nanny bedroom with bath plus 6 additional bedrooms, specious sheaf’s gourmet kitchen with Viking and Subzero appliances, granite counter’s and butler’s pantry. Grand family room includes an open entertainment area, bar, fireplace + large gaming / billiard room. There is very private detached 3Br. 3Ba. Guesthouse with it’s own full amenities, 5 car garage, motor court, pool and spa immaculately manicured grounds, built-in BBQ area and even his / her children’s playhouses compliment this private luxury estate.

913 South MANSFIELD Avenue

Price: $3,199,000
Units Total: 2
Lot Size: 9,295
Living Area: 7,145
Year Built: 1928
Parking: 0
Days on Market: 176
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!

Newport Beach, 704 E Oceanfront

Price: $3,199,000
Units Total: 2
Lot Size: 2,648
Living Area: 2,310
Year Built: 1973
Parking: 4
Days on Market: 16
Description: Oceanfront duplex on the Boardwalk by the Balboa pier. Close to park, shops and great dining. Upper unit is a 3 bedroom, 2 bath, large living room with fireplace and panoramic views. Large deck. Lower unit is a large 1 Bedroom, 1 Bath with ocean view patio. Extra large 4 car tandem garage. Opportunity for complete remodel or rebuild a new duplex. Live and vacation in a prime location, short term leasing available, property is R-2 zoned. *Note: Floor plans for both units located in supplement.

Manhattan Beach, 412 16th Street

Price: $3,199,000
Units Total: 2
Lot Size: 2,700
Living Area: 1,622
Year Built: 1957
Parking: 3
Days on Market: 72
Description: Well maintained beach duplex located on a full 30×90 walk street lot, located just steps from the sand, pier and downtown restaurants and shops. Front unit contains 2 bedroom / 2 baths and back unit is a 1 bedroom / 1 bath. 3 car garage provides ample parking. Property features a shared central courtyard and a private patio off the 2 bedroom unit.

Pasadena, 147 North Michigan Avenue

Price: $3,195,000
Units Total: 7
Lot Size: 7,925
Living Area: 6,050
Year Built: 1956
Parking: 5
Days on Market: 172
Description: The Michigan is a recently completed, completely remodeled 7-unit apartment building located in Pasadena, California. Set amid recent landscaped surroundings on a 7,924 square foot lot, the 6,050 square foot property offers one-, two- and three-bedroom apartment homes. Originally built in 1956 and remodeled in 2017, the property offers luxury amenities, an excellent rental location and easy freeway access. * Prime Pasadena * 2017 Complete Remodel * No Rent Control * Copper Piping * Central AC / Heat * New Kitchens, Bathrooms, Flooring, AC, Laundry, etc. The Michigan is located along the western side of N. Michigan Avenue between E. Walnut Street to the north and E. Union Street to the south. N. Chester Avenue is east of the subject property and Mar Vista Avenue is west.

Los Angeles, 330 North PATTON Street

Price: $3,195,000
Units Total: 36
Lot Size: 11,184
Living Area: 27,771
Parking: 48
Days on Market: 471
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

44441 SAN RAFAEL Avenue

Price: $3,195,000
Units Total: 16
Lot Size: 40,758
Living Area: 12,336
Year Built: 1988
Parking: Yes
Days on Market: 36
Description: Prime Palm Desert location four blocks to upscale dining and shopping at El Paseo. Substantial capital improvements have enhanced the upside potential in rents, as well as a recently remodeled pool and common area. All units have central air / heat, private balconies or patios, individual hot water heaters, washers and dryers. Four of the units have been meticulously remodeled to condo quality standards featuring real hardwood floors, recessed lighting, frosted glass interior doors and all new kitchens w / polished stone countertops and tiled baths. Please open Docs for Marketing Brochure, Rent Roll and more photos. PLEASE DO NOT DISTURB THE TENANTS.

Venice, 1307 PALMS Boulevard

Price: $3,178,000
Units Total: 2
Lot Size: 10,896
Living Area: 4,000
Year Built: 1938
Parking: 2
Days on Market: 64
Description: With a 2500 + / – sq. Ft. Main house and 650 + / – sq. Ft. 2nd unit, this exclusive property includes a detached 900 + / – sq. Ft. Legal rec room with loft on an almost 11,000 sq. Ft. Lot. This opportunity is perfect as an income-producing property for seasoned investors or a spacious private compound for the refined buyer. The main house with 3 bedrooms and 2 bathrooms includes a chef’s kitchen with 3 ovens and dual sinks. It also features private patio spaces and an atrium space to enjoy alfresco dining while surrounded by lush and mature landscaping. The second home features 1 bedroom and 1 bathroom with a full kitchen, in-unit laundry, skylights, and private patio space. The permitted recreation room with loft serves perfectly as a writer’s / artist’s studio, a detached office, or simply as a relaxation retreat on your own property. There are also two private 1-car garages and 4-car parking in the driveway, plus additional storage spaces. This truly one-of-a-kind property is a must see!

Van Nuys, 14218 Victory Boulevard

Price: $3,175,000
Units Total: 8
Lot Size: 6,502
Living Area: 7,960
Year Built: 1988
Parking: 13
Days on Market: 37
Description: We are proud to represent the 8 unit townhouse style apartment building located in the dramatically improving rental pocket in Van Nuys. 7 of the 8 units in the property have been completely updated including updated kitchens, bathrooms, new appliances, flooring, and the addition of washer and dryers in these units. The building was built in 1988 and is not subject to rentcontrol. The unit mix consists of (3) one-bedroom, one and a half bathroom townhouse style units, and (5) two-bedroom, two and a half bathroom townhouse style units. The building is a total of 7,960 sq.ft and is situated on a 6,504 square foot lot. This Van Nuys rental community is highly desirable and centrally located, with easy access to publictransportation and freeways. The surrounding area features established residential tree-lined neighborhoods, and a variety of shopping centers and restaurants. The property is situated near the heart of Van Nuys courthouse, post office, and police station, Costco and Target, with close access to the 405,101, and 170 freeways. Ventura Blvd. Is just minutes away with all of its restaurants and shopping while the metro link transportation services allows easy access to Sherman Oaks, Woodland Hills, Burbank, Hollywood, and downtown Los Angeles. The property is separately metered for gas and electricity and features 12 Security gated parking. There is RUBS income in place for 7 of the 8 tenants.

Tujunga, 10162 Hillhaven Avenue

Price: $3,150,000
Units Total: 12
Lot Size: 9,759
Living Area: 6,912
Year Built: 1985
Parking: 12
Days on Market: 175
Description: NON RENT CONTROL. RARE OPPORTUNITY, Beautiful, well maintained, pride of ownership, updated 12 unit apartment building located at the heart of Tujunga. This property was built in 1985 and is comprised of all 1 + 1, nice size units which offer approx. 575 sq. Ft of living space. All units have tile flooring, crown moldings, and updated kitchen cabinets with granite counter tops. All water lines were changed in 2016. One main water heater (which was changed in 2016). Mostly copper plumbing. This strong cash flow investment has significant rental upside potential. Located in a high demand rental location and in an area that has shown continued improvement over the years. The property has secure entry, ample parking, on-site laundry, and is individually metered for gas and electricity. All units have electrical stoves.