Residential Income, California | Page 8 -001-11-30T00:00:00-08:00
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Studio City, 4400 Farmdale Avenue

Price: $2,200,000
Units Total: 6
Lot Size: 8,363
Living Area: 5,428
Year Built: 1957
Parking: 0
Days on Market: 9
Description: Do not disturb tenants – No showings during marketing period Property is not subject to Los Angeles City Seismic Ordinance Very attractive unit mix, consisting of 3 (1 Bedrooms), 2 (2 Bedrooms), and 1 (3 Bedroom) Buyer must comply with seller’s 1031 exchange

Newport Beach, 206 Pearl Avenue

Price: $2,200,000
Units Total: 0
Lot Size: 2,614
Living Area: 2,437
Year Built: 1985
Parking: 2
Days on Market: 6
Description: Timeless seaside cottage duplex on the sunny side of Pearl Avenue with a total of 4 bedrooms and 3.5 baths–located at the beautiful “Quiet End” of Balboa Island. The front unit has a large, inviting open floor plan with a first level great room with wood-burning fireplace, kitchen with granite counters and stainless appliances, powder bath, and French doors that seamlessly integrate the interior with a sunny elevated patio. There is also a much desired first level bedroom with ensuite bath, and a separate two-car garage. The second level of the front unit has an oversized master bedroom suite with two closets and large bath. The rear unit is approached from a spiral staircase and is flooded with natural light. It has two generous bedrooms, one with patio, a full bath, and a separate kitchen and spacious living room with patio deck. 206 Pearl has been cherished by the same family since the 1960’s and it looks forward to offering the ultimate coastal lifestyle to the new owner!

Long Beach, 337 Atlantic Avenue

Price: $2,200,000
Units Total: 5
Lot Size: 7,509
Living Area: 7,788
Year Built: 1991
Parking: 11
Days on Market: 37
Description: We are pleased to present a 5 unit apartment building located at 337 Atlantic Avenue in Long Beach, California. The property has a rare characteristic of being built in 1991 and can converted to condos and is located in the East Village Area where many new developments are set for 2018 and 2019. It consists of 7,508 rentable square feet spread throughout a 7,788 square foot lot. Two units are 3 bedrooms / 2.5 bathrooms and three units are 2 bedrooms / 2.5 bathrooms. Each of the units has patios and balconies. The property is separately metered for gas, electricity and water with copper plumbing throughout the entire building. There are washer and dryer hookups in every unit. There are 11 parking spaces for tenant convenience and potential owner extra income. The subject property is located in Alamitos Beach Owners enjoy the high demand for rentals in a coastal city of Southern California. Tenants enjoy living just three blocks from the ocean and walking distance to Downtown Long Beach where there are shops, restaurants, cafes, entertainment centers and grocery stores.

917 Alabama Street

Price: $2,199,000
Units Total: 5
Lot Size: 6,250
Living Area: 5,120
Year Built: 1961
Parking: 5
Days on Market: 44
Description: Pride 5 units in Downtown Huntington Beach! Walk / bike to beach, Pacific City and all Main St. Activities. (4) 2 bedroom units and (1) 1 bedroom unit. 5 garages. No Electric or Gas bills for owner. Rents are LOW due to long term owner. Great opportunity to profit from the tremendous growth in “Surf City. ” See Remarks.

Newport Beach, 312 36th Street

Price: $2,195,000
Units Total: 2
Lot Size: 2,375
Living Area: 2,467
Year Built: 1965
Parking: 2
Days on Market: 1
Description: Trophy Balboa Peninsula Multi-Unit. An array of textures and modern inspiration blend wonderfully throughout this luxurious and highly versatile multi-unit farmhouse. Located in the heart of the coveted Balboa Peninsula, this 6 bedroom and 5 bathroom building is equipped with 3 kitchens, 3 separate laundry areas making it suitable for a 2 or 3 unit dwelling. Rarely does an opportunity arise for an owner occupied second home with income hybrid prospects. Each bedroom has a walk-in closet and each unit has its very own private rooftop deck reminding you that Newport Beach is truly a tremendous place to live, vacation or invest. Additional textures grace the roof as the developer garnished each unit’s’end with modern aluminum which can be appreciated from the street or decks. Hardwood floors cascade throughout the entire home with stone, reclaimed wood and tasteful farmhouse shiplap gracing walls along the way. Subtle upgrades such as an interior barn door, a work of art stair rail, led recessed lighting, designer tile, and custom trims accentuate this properties elegance. Each unit is equipped with refrigerators including the Sub Zero fridge in the showcase front unit. Whether you are looking at this opportunity an an investor, owner occupant or hybrid, truly, the impact of this home will hit you upon entry.

Long Beach, 3065 East 2nd Street

Price: $2,175,000
Units Total: 5
Lot Size: 6,746
Living Area: 6,050
Year Built: 1968
Parking: 7
Days on Market: 154
Description: EXTREMELY RARE EAST SIDE 2ND STREET ADDRESS, offers excellent opportunity to invest in this highly desirable location. 5 units total that include 2-2 Bedroom / 1.5 Bath units, 1-2 Bedroom / 1 Bath unit, 1-4 Bedroom / 2 Bath unit and a Commercial / Office unit and 7 Garages. Huge property corner to corner 2nd Street to Broadway. Residential rents are low, the Commercial unit is currently vacant and the rental office is reviewing applications at the price of the last tenant. This is an all electric building with separate electric heaters, water heaters and separate meters. The residential units have laundry hookups. PLEASE do not communicate with tenants or walk the property. DRIVE BY ONLY / SUBJECT TO INSPECTION, THANK YOU.

45394 Lucky Baldwin Ranch Rd

Price: $2,175,000
Units Total: 9
Lot Size: 72,310
Living Area: 7,200
Year Built: 2003
Parking: 9
Days on Market: 40
Description: Lucky Baldwin Ranch which is a 9 unit single family plus one develop able lot property, located in Big Bear City at the edge of Baldwin Lake with mountain views. The property is comprised of 9 Two Bedroom / One Bathroom Single Family Detached homes, all units sit on individually parceled lots with rent-able square footage of 800 sqf and a garage square footage of 840 sqf. Each property is solar powered, has well water, holding tanks for sewage, front and back porches with Mountain and Lake views, composite pitched roofs and the undeveloped lot has a square footage of 9,982 sqf with lot dimensions of 125’x100’. The property benefits from the tight local rental pool of like kind properties, proximity to ski resorts and Big Bear Lake. An Astute investor can take advantage of some of the larger lots, undeveloped lot, bring the rents to market rates and increasing the market performance NOI by 40%, possibly selling the properties off individually in the future.

San Fernando, 13222 MACLAY Street

Price: $2,175,000
Units Total: 12
Lot Size: 15,092
Living Area: 6,852
Year Built: 1954
Parking: Yes
Days on Market: 10
Description: RE / MAX Commercial and Investment Realty is proud to present the sale of 13222-13226 Maclay Street; a well stabilized asset located in the heart of the San Fernando Valley. The property is comprised of two separate parcels zoned LAC2 and covering approximately 15,092 sq.ft of land! This is an excellent opportunity for an investor to acquire an asset with instant gratification and future development potential (Buyer to verify). Each individual property is comprised of six (1 + 1) s – an aggregate of 12 units on both parcels. The units are separately metered for gas and electricity with individual water heaters. Onsite laundry and a prominent billboard provide additional income. Plenty of gated parking available to the tenants. The property is conveniently located within close proximity to the 210,118, and 5 freeways.

Los Angeles, 926 South HOLT Avenue

Price: $2,150,000
Units Total: 3
Lot Size: 5,040
Living Area: 2,905
Year Built: 1939
Parking: 0
Days on Market: 34
Description: Recently remodeled 926 Holt is a charming Classic Spanish style triplex with 2 buildings. The front unit, 926 Holt consists of one 1 bedroom, 1 bath and a den that could be used as family room, office or bedroom. The rear unit consists of a duplex with one 1 bedroom, 1 bath downstairs as 928 Holt and one 2 bedrooms, 1 bath upstairs as 926 1/2 Holt totaling 2,905 Sq. Ft. Of building situated on 5,039 Sq. Ft. Lot, zoned R-3, built in 1939. Each unit is separately metered for gas and electricity with new kitchen, bathroom, floors, appliances, central air / heat, washer / dryer and flooded with natural lights and charm. The property is in walking distance to shops, markets, restaurants, schools, parks and houses of worship. Minutes driving to the Grove / Farmers Market, Beverly Center, Century City, Cedar Sinai hospital, downtown Los Angeles, 10 and 405 freeways. All 3 units are vacant and in ready to move-in condition which provide an excellent opportunity for owner user or investor.

Los Angeles, 12021 Washington Place

Price: $2,150,000
Units Total: 3
Lot Size: 2,503
Living Area: 3,300
Year Built: 1988
Parking: 4
Days on Market: 19
Description: A wonderful opportunity for an owner user or investors alike. This charming non-rent controlled triplex offers many appealing characteristics including vaulted ceilings, fireplaces in each unit, large windows, and open floor plans. Tenants benefit from a 4 car gated garage. Each unit has access to its own private balcony which looks out over tranquil views. This property is centrally located just minutes away from Venice Beach, Marina del Rey, and the new Playa Vista Campus (Silicon Beach). Don’t let this opportunity pass!

Corona del Mar, 721 Jasmine Avenue

Price: $2,150,000
Units Total: 2
Lot Size: 3,540
Living Area: 3,540
Year Built: 1953
Parking: 3
Days on Market: 50
Description: Located next to a forest on a corner lot, this home has just undergone an extensive remodel. The scenic park view is a rare find in Corona del Mar! The home is currently used as a duplex. The front unit is a 2 bedroom, 2 bath, completely redone with expansive park views from living room and bedroom. The large private front patio is perfect for entertaining your guests. Included is a lower 2 bedroom, 2 bath unit with a large charming patio. There is a two car garage and two uncovered parking spots. Enjoy this peacefulness of this home created by the park that backs up right next to the house. Walk to the Corona del Mar village restaurants and shops. Be the first to live in this upgraded home! Abundant storage

Laguna Beach, 274 Diamond Street

Price: $2,150,000
Units Total: 2
Lot Size: 4,792
Living Area: 3,054
Year Built: 1949
Parking: 4
Days on Market: 159
Description: 274 Diamond Street, Laguna Beach, California is a R-2 parcel of land with 2 single family dwellings that are attached and include a garage. There are 2 separate electrical and gas meters on the property and it is located a short distance to the Pacific Ocean. This property consists of 4 bedrooms, 4 bathrooms, 2 kitchens, an exterior water feature and nice views of the Pacific Ocean. The property is currently being lived in as a single family home since it is connected internally.

Long Beach, 1415 Cedar Avenue

Price: $2,150,000
Units Total: 10
Lot Size: 6,534
Living Area: 6,922
Year Built: 1949
Parking: 6
Days on Market: 32
Description: We are pleased to present a 10-unit apartment building located at 1415 Cedar Avenue in The Wrigley are of Long Beach, California. It consists of 6,922 rentable square feet and a lot size of 6,600 sq.ft. The subject property has a great unit mix of (2) studio / 1- bathroom units, (3) 1 bedroom / 1-bathroom units and (5) 2-bedroom / 1- bathroom units. The property is separately metered for gas and electricity. There is an on-site laundry room for tenant convenience and six enclosed garages for extra income. Owners enjoy the high demand for rentals in the city of Long Beach. Tenants enjoy living just blocks from the ocean and walking distance to Downtown Long Beach where there are shops, restaurants, cafes, entertainment centers and grocery stores. The city of Long Beach continues to progress forward and is currently experiencing major redevelopment of $2.2 billion. An example of this large-scale redevelopment is the Long Beach Civic Center, which is estimated to be completed early 2019. The Civic Center will include a new city hall and the Port of Long Beach headquarters, as well as multifamily residential unit. Long Beach sustains its ability to attract renters due to its strong economy and high quality of life.

Santa Monica, 2224 OAK Street

Price: $2,145,000
Units Total: 5
Lot Size: 8,274
Living Area: 2,892
Year Built: 1937
Parking: Yes
Days on Market: 36
Description: Charming 5 unit, bungalow style property located in the beautiful Sunset Park area of Santa Monica. Built in 1937, the Oak Street bungalows offer their residents a unique, home-like feel and feature hardwood floors, as well as generous outdoor spaces. Drive by only. Please do not disturb the residents.

Big Bear, 40598 Big Bear Boulevard

Price: $2,100,000
Units Total: 33
Lot Size: 53,000
Living Area: 13,540
Year Built: 1963
Parking: 0
Days on Market: 301
Description: Conveniently located right across the street from the Bowling Barn and Funplex, this 33-room buinding on Big Bear Blvd is the main part of the total 66-room Knights Inn motel which is within walking distance to the fine dining and cinemas in the Big Bear Lake Village. The business is composed of two separate buildings. There is another 33-room building across a street on Lynn Rd under a different listing. In addition, there are three immediately adjacent empty lots for further development under yet another land listing. They could all be purchased together. It is also within walking distance to the marinas for boat launch, boat rentals and all kinds of water sports. Snow Summit and Bear Mountain ski slopes are a short drive away. With some property renovation investment this property could easily become a premier lodging facility in Big Bear Lake due to its excellent location. This listing price includes the Knights Inn franchise business.

Pomona, 625 East Phillips Boulevard

Price: $2,100,000
Units Total: 4
Lot Size: 21,006
Living Area: 7,800
Year Built: 2017
Parking: 8
Days on Market: 4
Description: Location, Location, Location! ! This is a must see! ! **NEW CONSTRUCTION** Fabulous complete from the ground up, BRAND NEW 4 TOWNHOUSE APARTMENTS on a quiet street. All units have shaker style kitchens featuring dishwashers, sinks and faucets along with beautiful quartz counters. Gorgeous bathrooms with baths / showers finished in beautiful veined tiles and chrome fixtures. Laminate, tile and carpet flooring. First floor has large open floor plan, one bedroom and two bathrooms, living and dining room are perfect for entertaining! Upstairs there is a huge master bedroom, two spacious bedrooms. There is central heating and air conditioned. Each unit has indoor washer / dryer hookups in the garage. Beautiful landscape with a totally private big backyard fenced all around. Centrally located with easy access to 60 and 10 freeways. Probably subdivision as 4 townhomes. ! ! Bring your clients! They will love it! ! !

219 Avenida De La Grulla

Price: $2,099,000
Units Total: 2
Lot Size: 3,920
Living Area: 3,348
Year Built: 2017
Parking: 6
Days on Market: 95
Description: Brand NEW CONSTRUCTION!  Located in the heart of San Clemente, you will find this exquisitely designed DUPLEX with Modern custom finishes just steps away from the beach. Each unit boasts 3 Bedrooms and 3.5 Bathrooms and a ROOF TOP DECK that has OCEAN VIEWS spanning from Dana Point to San Diego.   Upon entering each unit, you are greeted with stylish modern doors and gorgeous hardwood floors that will lead you to the main living area.   The main living area consists of a chic modern kitchen with exceptional finishes, including a built in eating area, stainless appliances and quartz countertops.   Opening up to the kitchen is  a light and bright family room with 12 ft. Ceilings and over-sized windows to capture the morning light and gorgeous city and ocean views.   The main floor also includes a half bath, spacious laundry room, and exquisite Master retreat with a walk-in closet and an en-suite, completing this captivating new build.   Off the main living area you will find steps leading to a roof top deck, the ideal setting for entertaining or simply enjoying the stunning 360 degree city and ocean views. The bottom level comprises two additional bedrooms, each with an elegant private bathroom. Exterior features two separate TANDEM finished garages with modern glass garage doors. The thoughtful design and attention to details sets this property apart and provides for a very unique San Clemente never lived in custom Duplex.   This is a must – see!

Venice, 1101 VAN BUREN Avenue

Price: $2,095,000
Units Total: 3
Lot Size: 4,114
Living Area: 1,933
Year Built: 1938
Parking: Yes
Days on Market: 59
Description: Opportunity Awaits! Fabulous corner lot in prime location in Venice, close proximity to Abbot Kinney, beach, schools and shopping. This charming triplex includes 2 separate bungalows and a 3 car garage! This property is perfect for investors, developers, and owner occupants in desirable Silicon Beach. Tenant occupied, please drive by only. No sign on property.

Newport Beach, 121 45th Street

Price: $2,090,000
Units Total: 2
Lot Size: 2,883
Living Area: 2,000
Year Built: 1972
Parking: 3
Days on Market: 36
Description: Fantastic location for this Newport Beach duplex: just 6 homes from the beach and situated at the top of the Balboa Peninsula just off the Lido’s pristine beaches. The property offers great flexibility. As an investment there is SIGNIFICANT UPSIDE to current market rate rents due to long term tenancies. Recent building improvements include new tear-off roof, all new windows, new water heaters, new garage door, newly painted exterior and many more. This is a legal duplex zoned RM (residential multi-family). SHORT TERM rentals (less than 30 days) are permitted upon owner’s completion of application. Or re-imagine it as a single family residence: renovation and new construction abound throughout the neighborhood. Layout details: 1st floor is 2 bed / 1 bath; 2nd floor is 3 bed / 1 bath unit. The garage parks 3 cars: 2 tandem and a single space w / large storage room. Newport Beach is “part unspoiled nature, part man-made wonder and part luxury paradise. It enchants every type of visitor to its glowing shores. ”

Venice, 1150 Venice Boulevard

Price: $2,079,000
Units Total: 4
Lot Size: 4,442
Living Area: 3,116
Year Built: 1952
Parking: 4
Days on Market: 165
Description: TURN KEY INVESTMENT OPPORTUNITY. Located in the Venice, this property consists of 4 Large One Bedroom, 1 Bath Units. The property has separately metered utilities. Recent renovations include all redone kitchen and bathrooms and each unit consists of hardwood and tile floors. There are washer / dryer hookups in each unit and 1 enclosed Garage space per unit. This turn key property is perfect for a first time investor or seasoned investor looking a low expense, easy to manage property, in a well located neighborhood. UPGRADES INCLUDE – replaced galvanized plumbing with copper – rewired units and upgraded electrical outlets and exterior panel box – new roof – removed non-load bearing wall between kitchen and living space in all units – added stackable washer / dryer to each unit – replaced garage doors and added remote door openers – removed carpet and refinished hardwood floors – added modern heating units to all units – all work was permitted and done to spec Near the corner of Venice Boulevard and Lincoln Ave and less than 1 mile to Abbott Kinney and 1.4 miles to Venice beach.

Glendale, 533 Chester Street

Price: $2,050,000
Units Total: 6
Lot Size: 7,232
Living Area: 4,876
Year Built: 1957
Parking: Yes
Days on Market: 303
Description: Delightful 6 Unit Glendale Property with lots up updates and nice kitchens. You Wont Want to Miss! This Gem Includes 6 Units Each with 2 Bedrooms, 1 Bathroom. Unit #2 Includes Pretty Hardwood Floors. Comfortable Open Floor Plan with Living Room Dining Area Combo, Kitchen with Granite Counters, Handsome Cabinetry and Appliances For Tenant Use. Energy Efficient Windows Throughout, Big Laundry Room, Covered Parking Space For Each Unit with Over Head Storage. Separate Gas / Elec Meters and master water. Possible Owner carry first with as little as 50% down.

Big Bear, 1264 Clubview Drive

Price: $2,025,000
Units Total: 14
Lot Size: 43,200
Living Area: 15,360
Year Built: 1985
Parking: 0
Days on Market: 94
Description: Remarkable opportunity across from Bear Mountain Ski Area. Combination of units and condos in 6 buildings, 32 bdrs, 24.5 baths, 20 fireplaces + 8 units have 2 fp each. Named for it’s view of the ski area and golf course. Mgr. Unit and office incl. In above count. 3 large parking lots. Ongoing exterior paint of decks and railings. Some units available for showing.

Anaheim, 1551 West Ball Road

Price: $2,000,000
Units Total: 8
Lot Size: 7,841
Living Area: 5,276
Year Built: 1959
Parking: 8
Days on Market: 59
Description: Ball Road Apartments is an 8-unit multifamily investment property located in the city of Anaheim, California. Situated on a 0.18-acre lot, the 5,276 square foot property consists of one-bedroom and two-bedroom floor plans averaging 659.5 sq.ft. Built in 1959, the property offers an attractive range of amenities including gated entry, garage parking, and on-site laundry.

Long Beach, 955 East 4th Street

Price: $2,000,000
Units Total: 6
Lot Size: 7,113
Living Area: 5,618
Year Built: 1932
Parking: 0
Days on Market: 235
Description: We are pleased to present 955-957 East 4th Street in the city of Long Beach, California. The subject property is a mixed-use property comprising of four separate buildings, containing approximately 5,618 sq.ft of leasable area. Currently, three buildings are residential and one building is commercial. Additionally, the property has an additional buildable area of 870 sq.ft for a fifth structure. The property was originally built in the early 1930’s. The commercial building is historically known as the Coffee Pot Cafe. The Coffee Pot Cafe’s facade is a hexagonal structure crowned with an oversized coffee pot on its roof. The building exemplifies the “programmatic” or “themed” fantasy architecture popular in the 1920’s and 1930’s. The current owner has renovated and upgraded of the residential buildings as well as the Coffee Pot Cafe’s exterior under the watchful supervision of the city of Long Beach and it’s Cultural Heritage Commission. The owner anticipates leasing the cafe to a permanent operator willing to bring back the cafe’s historic significance. The cafe will also enjoy an outdoor patio seating environment surrounding the residential buildings and creating an urban piazza setting.