Residential Income, California | Page 8 -001-11-30T00:00:00-08:00
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Orange, 457 North Batavia Street

Price: $3,995,000
Units Total: 1
Lot Size: 18,000
Living Area: 5,500
Year Built: 1931
Parking: 3
Days on Market: 47
Description: Student Housing / Rental Property *Approximately 5500 square foot property with parking for 15. Easily house 20 students. Indoor and outdoor parking. $190,800 in gross annual rents. Professional Property Management in place. House fully refinished / turn-key. Updated plumbing, electric, Appliances. Private laundry room with 2 washer / 2 dryers for tenants. High speed internet wired to property with meshed WiFi for student productivity. Excellent investment opportunity with great rental upside. Possibility of Mills Act, Excellent R-3 property! This is a unique turn key opportunity. CAP rate of approximately 3.7 at current rental rate. Do not disturb tenants!

Los Angeles, 15507 VANOWEN Street

Price: $3,995,000
Units Total: 23
Lot Size: 20,929
Living Area: 16,412
Year Built: 1977
Parking: 0
Days on Market: 14
Description: Rare opportunity to acquire a true Pride of Ownership family asset, which has never been on the market before! Controlled access property features 23 well-appointed and updated apartment homes w / charming private courtyards and balconies. Perfectly situated in a desirable pocket of Van Nuys, this prime multi-family investment boasts a 4.45% Cap Rate and 12.61 GRM with tremendous upside potential and 6.39% Market Cap Rate and 9.87 Market GRM. Best of Both Worlds: the property has a commanding corner presence and excellent visibility whilst also enjoying a tranquil courtyard setting on a huge 20,929 sq.ft R3 lot, tucked away along the best stretch of Vanowen and nestled amongst established and vast single-family homes and tree-lined streets. Well maintained, and professionally managed property benefits from convenient proximity to public transportation options and major freeways providing easy access throughout LA County. Walking distance to schools and just a 5 minute drive to picturesque parks and recreation.

Los Angeles, 3029 LEEWARD Avenue

Price: $3,995,000
Units Total: 18
Lot Size: 9,300
Living Area: 12,097
Year Built: 1963
Parking: Yes
Days on Market: 6
Description:

Whittier, 13704 Franklin Street

Price: $3,995,000
Units Total: 16
Lot Size: 10,004
Living Area: 10,353
Year Built: 1971
Parking: 16
Days on Market: 61
Description: This is a Prime Value-Add opportunity with many long-time tenants in a non-rent controlled market. The investment contains Attractive 16-units consisting of 5 (five) 2 Bedroom + 1 Bathroom units and 11 (eleven) 1 bedroom + 1 Bathroom units. Situated in Prestigious Area of Uptown Whittier located nearby to many inevitabilities. Excellent government employment opportunities nearby to Whittier City Building Department, Whittier Public Library, Whittier City School District, Whittier College, Whittier High School, Whittier Police Department and US Social Security Administration. 10 minute walk to Whittier College. 8 minute walk to Whittier Senior Center. Easy Access to FWY 605, FWY 5 and FWY 60. Total of 8 (eight) enclosed garages and 8 (eight) covered carports, along with an estimated 30% upside in the rents.

Redondo Beach, 508 ESPLANADE

Price: $3,995,000
Units Total: 6
Lot Size: 6,410
Living Area: 4,780
Year Built: 1963
Parking: 6
Days on Market: 55
Description: -Outstanding A + South Redondo Beach Location on the Renown Esplanade – Steps from the Pacific Ocean -Large 6,410-SF Lot, Prime for Development – 3-Unit Town-Home Site -Legacy Property that has Not Changed Ownership in Decades. Generational Asset that has Commanded Strong Historical Appreciation -Located Next to Redondo Beach Proposed Water Front Project -Consists of (1) 2-Bed / 1.75-Bath Owner’s Unit, (1) 3-Bed / 2-Bath Unit, and (4) 1-Bed / 1-Bath Units -Large 2-Bedroom / 1.75-Bathroom Owner’s Unit with Private Deck and Fireplace -Ample Parking with Garage Parking Plus One Tandem Space for Each Unit -Non-Rent Controlled Asset with Over 36% in Immediate Rental Upside

Venice, 130 EASTWIND Street

Price: $3,990,000
Units Total: 6
Lot Size: 5,411
Living Area: 5,229
Year Built: 1965
Parking: Yes
Days on Market: 92
Description: Exciting six unit beach property! Nestled between Marina Del Rey and Venice on lovely Eastwind Street. Rare opportunity to buy in this trendy Marina Del Rey Peninsula area. A prime location only a short block from both the beach and the Venice Canals, as well as walking distance to the pier, unique shops, galleries and lively restaurants. Located at the border of Marina Del Rey and Venice on a quiet, nostalgic beachside block, this property is perfect for either an owner / user that wishes to live in one unit and rent the five other units, or for an investor as a great income property. The property consists of six 2 bed 1 bath units, One of the units is a town house. No vacancies over the past five years. Pride of ownership. All units W / Hardwood floors, newer kitchens / baths, and separate water heaters. Five enclosed garages. Large double lot surrounded on three sides with street and a beautiful large community garden. Annual gross income as of 07-01-2018 is $178,923.

Los Angeles, 2205 VENICE

Price: $3,990,000
Units Total: 1
Lot Size: 7,466
Living Area: 7,500
Year Built: 1959
Parking: Yes
Days on Market: 180
Description: Two separate buildings on two continuous lot for sale. Address are 2205 Venice (49 rooms – used code: hotel, 7500 sq.ft) and 2215 Venice (11 rooms – used code: SFR, 2688 sq.ft). Lot 7466 sq.ft + 7467sf=14933 sq.ft total building 7500 sq.ft + 2688sf=10188 sq.ft, Both are being used for rent per room, monthly lease. They produce a good income (monthly gross income is around $28,000). The buyer will verify all permits and information. The properties are sold in current condition as is. Please do not disturb tenants.

Venice, 453 RIALTO Avenue

Price: $3,985,000
Units Total: 2
Lot Size: 2,410
Living Area: 3,140
Year Built: 1905
Parking: Yes
Days on Market: 104
Description: This charming three-story Venetian original features gorgeous restored hardwood floors, leaded and stained glass windows and original period features throughout. Step into the elegant foyer and your eye is immediately drawn to all of the beautiful architectural details that make this home unlike any other. Feel the character and warmth flow seamlessly from the spacious dining room into the kitchen. The adjacent living room is highlighted by a sunroom with a marble floor – a remarkable and unique space in which to relax. The hardwood floors continue to the second story that features three generous bedrooms and an office / flex space to fit your needs, as well as a balcony with French doors. Continue up the lovely staircase, noticing all of the detailed trim woodwork, to the third story that has a studio bedroom and bathroom as well as access to the rooftop deck. The rooftop deck is the perfect space to enjoy your morning coffee or tea. 840 sq.ft guest house above garage completely remodeled.

Malibu, 20120 PACIFIC COAST Highway

Price: $3,980,000
Units Total: 3
Lot Size: 4,295
Living Area: 2,478
Year Built: 1948
Parking: Yes
Days on Market: 63
Description: Rare Malibu ocean front income building. Building has been fully remodeled (down to the studs) within last 10 years for maximum value. Over $1M spent on remodel and upgrades. Perfect for investors, value-adders, or owner-users, this property has it all! Great investment 3 unit building. 2 one bedroom / one bath units and owners suite approximately 1500 sq feet 2 bedroom / 2 bath with fireplace in the living room. It has a lock off and now is rented as 2 units. All unites were recently remodeled: granite counter tops, hardwood floors, stainless still appliances. Gorgeous views from every unit, open floor plan. 6 parking spaces.

Manhattan Beach, 129 38th Street

Price: $3,980,000
Units Total: 3
Lot Size: 2,701
Living Area: 3,720
Year Built: 1989
Parking: 6
Days on Market: 4
Description: Fabulous ocean view triplex of townhouse style with 2-car garage for front unit and 4-car tandem garage for rear 2 units. Front unit is 2 bed and 2.5 bath featuring living with ocean balcony, fireplace in laminated flooring. Middle unit is 2 bed, den, office and 2.5 bath. Rear unit is 2 bed and 2.5 bath with ocean view balcony off the living with fireplace and dining. Front and middle units are month-to-month and the rear unit is on lease started June 1,2018.

Los Angeles, 7451 HOLLYWOOD

Price: $3,950,000
Units Total: 12
Lot Size: 10,919
Living Area: 11,494
Year Built: 1950
Parking: Yes
Days on Market: 15
Description: 7451 Hollywood Blvd. Is a twelve (12) unit multi-family property located on the corner of N. Vista and Hollywood Blvd. The property consists of six (6) 1 BR + 1 Bath and six (6) 2 BR + 2 Bath units. The property has approximately 40% upside in its current rents and is in close proximity to many of the high-end restaurants and attractions that Hollywood Blvd. Has to offer. 7451 Hollywood Blvd. Can be purchased individually for $3,950,000 or as part of the four (4) apartment portfolio on Hollywood Blvd.; 7504 Hollywood Blvd., 7407 Hollywood Blvd. And 7200 Hollywood Blvd.

920 WESTBOURNE Drive

Price: $3,950,000
Units Total: 10
Lot Size: 6,913
Living Area: 7,660
Year Built: 1955
Parking: Yes
Days on Market: 6
Description: ONLY 16.8x GRM! With approx. 30% upside in rents!, Irreplaceable West Hollywood Location near La Cienega Blvd. And Santa Monica Blvd., Good Unit Mix of one bedroom and two bedroom units – 1 Unit Delivered Vacant, 7 Units Remodeled, Separately Metered for Gas and Electric, Onsite Parking for 8 Cars. Buyer to independently verify and investigate all matters.

Los Angeles, 1960 HILLCREST Road

Price: $3,900,000
Units Total: 4
Lot Size: 21,589
Living Area: 6,341
Year Built: 1917
Parking: Yes
Days on Market: 64
Description: GATED, PRIVATE 4 Unit COMPOUND and VACANT with city lights-hillside views. Structures are highlighted by a restored Modern Farmhouse constructed in 1917 with two bedroom, two bath home, open kitchen, dining and family room, marble bathrooms with heated floors, French doors lead to patios and decks, a beautiful flagstone pool and spa and verdant garden pathways and all new plumbing / electrical and technology package. On a lower level is a separate guest suite with private entry featuring polished concrete floors and re-imagined bath and kitchen spaces. Also, in a separate portion of the property, there are 2 additional apartments featuring a 1 + 1 and a Single. Additional amenities include new plumbing and electrical systems and state-of-the-art video monitoring systems. EXCELLENT Parking.

Los Angeles, 8074 FAREHOLM Drive

Price: $3,900,000
Units Total: 8
Lot Size: 7,692
Living Area: 7,259
Year Built: 1953
Parking: Yes
Days on Market: 12
Description: Amazing investment opportunity to purchase an (8) unit income property in an A + location. Situated at the base of Laurel Canyon and the Hollywood Hills, this property is nestled amongst multi-million dollar homes and just blocks away from Sunset Plaza, nightlife, and restaurant anchors. Spacious unit mix of (4) 2 bedroom and (4) 1 bedroom units and dedicated covered parking garage for each unit, storage and separate utilities. There are (4) remodeled units with washer dryer in each unit, and an additional separate laundry room. A strong investment for any investor to hold or to raise the rents to a market 5.1% CAP rate. This property also features a development opportunity of up to 16 Condominiums in a prime (R3) Tier 2 Location. PLEASE DO NOT DISTURB TENANTS. SHOWING WILL BE DONE WITH ACCEPTED OFFER ONLY

1511 South MANHATTAN Place

Price: $3,890,000
Units Total: 2
Lot Size: 13,150
Living Area: 6,233
Year Built: 1904
Parking: 0
Days on Market: 32
Description: The property is a gated two story building and features 12 beds and 10 baths and another two story building which has garages for 6 cars on ground level and 4 beds and 2 bath on second floor. The property is equipped with CCTVs from driveway to backyard through the whole property. Great opportunity to own fully renovated lental income unit that can be run such as Airbnb. Very well maintained and fully remodeled building highly recommended for savvy investors. Total lot size is 13,150 sq.ft while the building size is 8,700 sq.ft (The main building is 7,150 sq.ft and 2nd building is 1,550 sq.ft). Total of 20 gated parking spaces. (please contact me for further information).

Lytle Creek, 3112 Lytle Creek Road

Price: $3,888,888
Units Total: 0
Lot Size: 7,601,220
Living Area: 3,500
Year Built: 1956
Parking: 8
Days on Market: 75
Description: 3112 and 2828 Lytle Creek Road is a MUST SEE. Great Opportunity to purchase 174.5 ACRES – six contiguous tax parcels that back up to the San Bernardino National Forest: 0239-011-05,0239-311-01,02,03,20 0239-012-05, only one mile NW off the I-15 frwy. Very private with fabulous views and nearby outdoor activities like hiking, mountain biking, Lytle Creek Campgrounds. @ 3112 is a 3bed 2bath house, a 2Bed 1Bath mobile home and a 5,000 sq.ft pole barn. @2828 is a 3Bed 1Bath house. Property has 2 Year-Round Natural Artesian Springs that feed all the rentals and 1 vertical well for irrigation, land is designated semi-arid Rural Living and Resource Conservation. The Potential for this property is endless – Spring Water Extraction for bottling, sub-divide for additional residential sites, agriculture production, livestock ranching, etc.

Long Beach, 6501 Cherry Avenue

Price: $3,860,000
Units Total: 16
Lot Size: 10,971
Living Area: 11,391
Year Built: 1961
Parking: 10
Days on Market: 7
Description: *Bellflower-Adjacent Location, *Great Mix of 1 and 2-Bedroom Units, *Recently Renovated Exterior and Interiors, *Garages and Covered Parking, * Copper Plumbing, *Considerable Upside in Rents, *Not Subject to Rent Control

Santa Monica, 402 PACIFIC Street

Price: $3,850,000
Units Total: 6
Lot Size: 5,355
Living Area: 3,780
Year Built: 1954
Parking: Yes
Days on Market: 5
Description: 402 Pacific is a 1954 apartment building in an exclusive, irreplaceable prime location. This 6 unit apartment building sits on the corner of Pacific and 4th St and is just four blocks from the beach. Five out of the Six units have gone through an extensive rehab with top of the line finishes. The Three Townhouse units are brand new construction. The subject property consists of Three One Bedroom / One Bathroom Flats and Three One Bedroom / One and One Half Bathroom Townhouses. Two of the One Bedroom flats (approximately 360 sq.ft) have been completely gutted and remodeled with hardwood floors throughout, caeserstone countertops and stainless steel appliances, central air / heat, washer / dryer inside the unit, a camera security system, and brand new bathrooms with tile / glass showers. The Three Townhouse units that are approximately 750,900, and 900 sq.ft have all similar upgrades and each have their own private decks outside of the master bedrooms and large walk in closets.

Los Angeles, 2009 Preuss

Price: $3,850,000
Units Total: 11
Lot Size: 8,685
Living Area: 8,912
Year Built: 1957
Parking: 13
Days on Market: 14
Description: Eleven unit professionally renovated and managed property in Beverlywood / Palms area. Eight of eleven units have been highly upgraded with new kitchen and baths, laundry hookups and machines, new appliances, refinished real hardwood floors, new lighting fixtures and faucets, and new AC units. One outdoor parking space per unit plus two private garages rented individually. Gated pedestrian entrances.

Los Angeles, 11703 Berendo Avenue

Price: $3,850,000
Units Total: 18
Lot Size: 12,681
Living Area: 12,240
Year Built: 1960
Parking: 24
Days on Market: 85
Description: Investor’s delight! Property is not subject to rent control plus has actual cap of 5.4% and GRM of 12.83. Priced below recent comps for the area. Plus an investor should implement RUBS to transfer the cost of the water bill to tenants which will result in savings of $900 a month since the property is not rent controlled. Per owner all the units have been remodeled few years ago with new cabinets, counters, fixtures and flooring. Excellent unit mix of (eight) 2 bedrooms / 1 baths, (Nine) 1 bedrooms / 1 baths and (one) single / 1 bath. Bread and butter building. Property is in County of Los Angeles not subject to LA City Soft Story Retrofit.

Van Nuys, 16153 VANOWEN Street

Price: $3,850,000
Units Total: 18
Lot Size: 18,708
Living Area: 15,246
Year Built: 1962
Parking: Yes
Days on Market: 131
Description: We are pleased to announce the sale of The Lexington, an 18-unit multifamily property in the LAKE BALBOA neighborhood of Van Nuys that has been substantially upgraded in recent years. Situated on a corner lot with excellent visibility, the two buildings occupy an 18,708 square foot lot zoned LAR-3. Much of the building exterior and common area has been heavily updated, with improvements ranging from new exterior paint and a renovated roof to full copper plumbing and LED lighting. The property features new stucco, a new driveway gate, double-paned windows, remodeled laundry rooms, and a new security panel. Numerous energy efficient upgrades were installed, including low flow water fixtures, a variable-speed pool pump, LED exterior lighting, and a timed drip irrigation system, which should benefit the owner and tenants alike.

Manhattan Beach, 323 23rd Street

Price: $3,850,000
Units Total: 2
Lot Size: 2,705
Living Area: 3,118
Year Built: 1992
Parking: 4
Days on Market: 277
Description: Two Single-family homes on a full lot (2 APN’s) offer breathtaking views from Malibu to Palos Verdes. Prime sand section location with its proximity to downtown Manhattan Beach, shopping, restaurants, and award winning Grand View Elementary. It’s a perfect hideaway from the bustling city for anyone in search of a cozy space to call home. Be the lucky one to live the true Manhattan Beach life style. Investor opportunity to hold now and build later. 323 23rd Street consists of 1502 sq.ft. 2 bedrooms and 2.5 bathrooms featuring a grandfathered roof deck with stunning panoramic and sunset views of the Pacific. The master bath has a large glass shower completed with spa-like tub. 324 23rd Place has 1616 sq.ft. Of living area with an oversized tandem garage. This 3 bed 2 bath has a generous living room with large fireplace, updated flooring and lots of natural light.

937 East California Boulevard

Price: $3,850,000
Units Total: 11
Lot Size: 14,038
Living Area: 5,940
Year Built: 1923
Parking: No
Days on Market: 4
Description:

Santa Monica, 1444 15th Street

Price: $3,821,850
Units Total: 7
Lot Size: 7,505
Living Area: 8,207
Year Built: 1962
Parking: 10
Days on Market: 305
Description: A rare and incredible investment opportunity! Ability to purchase 7 units, conforming complex located in prestigious Santa Monica 3rd Street Promenade neighborhood close to restaurants, shops, Metro Line and Santa Monica Pier. The building square foot is 8,207, and it was built in 1962, It features (2) 3 Beds / 2 Baths and (5) 2 Beds / 1.5 Baths. Two of the front units have fireplaces. One unit is completely remodeled with new cabinets, remodeled bathrooms, kitchen granite countertops and wood flooring throughout. Two units are half remodeled with new wood flooring and kitchen granite countertops. Total parking is 7, and it is a mix of carport and garages. 2 front car garages. One garage is rented separately to outside person for storage, and the other garage is rented to a tenant. There are two driveway parking spaces located in the front of the building. Behind the building is carport with a total of 5 spaces. Onsite community laundry facility for the tenant’s convenience. These units are spacious with open floor plans, and there is a wonderful unique charm each unit represents.