Residential Income, California | Page 9 -001-11-30T00:00:00-08:00
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Panorama City, 14687 Rayen Street

Price: $3,995,000
Units Total: 20
Lot Size: 23,202
Living Area: 20,829
Year Built: 1964
Parking: 20
Days on Market: 49
Description:

137 South REXFORD Drive

Price: $3,990,000
Units Total: 4
Lot Size: 6,068
Living Area: 4,700
Year Built: 1926
Parking: 0
Days on Market: 108
Description: Bright and spacious remodeled 4 units in the heart of Beverly Hills. Beautifully furnished. Remodeled kitchen with stainless steel appliances. Marble flooring in the living room and dining room with a fire place in the living room. Hardwood floor in the bedrooms. Central air. Outside patio. Close to shops, restaurants, transportation and house of worship. Walking distance to Beverly Hills library.

Los Angeles, 11703 Berendo Avenue

Price: $3,990,000
Units Total: 18
Lot Size: 12,681
Living Area: 12,240
Year Built: 1960
Parking: 16
Days on Market: 78
Description: This Beautifully upgraded 18 Unit for sale. MONTHLY GROSS RENT $25,860. Laundry Income $1300 / mo.

17682 Cameron Lane

Price: $3,980,000
Units Total: 10
Lot Size: 16,988
Living Area: 8,763
Year Built: 1985
Parking: 23
Days on Market: 305
Description: Huntington Beach Surf City 10 Plex in Booming Area Next to Huge Medical Center where you have a huge rental base looking to walk to work! Walk to everything you need from this property! Huge Backyard that has possibilities to enlarge this 10 plex! Very Good Condition with lots of new paint, staircases etc! Rare Huntington Beach property in upcoming area! Lots of parking here! Long term tenants have occupied 8 of 10 units. One just rented to market and one unit currently being updated to market rent!

Costa Mesa, 175 East 21st Street

Price: $3,975,000
Units Total: 6
Lot Size: 18,731
Living Area: 6,906
Year Built: 1976
Parking: 18
Days on Market: 7
Description: Exciting 6 unit investment opportunity in sought-after Eastside Costa Mesa. This updated and remodeled property offers exceptional curb appeal with modern finishes amongst the 6 apartment units, each featuring 3 bedrooms and 2 baths. Each unit is thoughtfully upgraded with quartz countertops, stainless steel appliances, wood-style flooring, plush carpet, and neutral paint tones. Rare and noteworthy features available in each apartment include fireplace, washer / dryer hook-ups, private patio or yard space, and 1-car direct access garage in addition to two assigned parking spaces per unit. This remarkable property is conveniently located a stone’s throw from popular shopping and dining, Back Bay trails, the shores of Newport Beach, and is located within the Newport-Mesa School District.

Pasadena, 55 Arlington Drive

Price: $3,950,000
Units Total: 8
Lot Size: 14,627
Living Area: 7,248
Year Built: 1948
Parking: 16
Days on Market: 50
Description: We are pleased to present this 8 unit apartment building located at 55 Arlington Drive in Pasadena, California. Built in 1948 and completely rehabbed throughout in 2016, the offering consists of extremely large units with a mix of 5 one-bedroom / one-bathroom, 1 two-bedroom / one bathroom and 2 two-bedroom / two-bathroom units. The property is situated on a 14,627-square foot lot with 7,248-square feet of gross rentable area. Known as the original Budweiser- Bush Stable building, the now converted property offers tenants convenience proximate to all dining, entertainment, transportation, nightlife and other amenities. This investment offering provides a savvy investor the opportunity to own a truly turnkey property in a strong and centrally located rental pocket of Pasadena.

Venice, 31 BREEZE Avenue

Price: $3,950,000
Units Total: 3
Lot Size: 3,140
Living Area: 3,550
Year Built: 1910
Parking: Yes
Days on Market: 14
Description:

Los Angeles, 8616 WHITWORTH Drive

Price: $3,950,000
Units Total: 8
Lot Size: 6,887
Living Area: 9,751
Year Built: 1964
Parking: Yes
Days on Market: 58
Description: A well-maintained eight-unit rent-controlled apartment building located in the Pico / Robertson submarket of Los Angeles. Built in 1964, the property has six townhouse units and a total of approximately 12 parking spaces (3 of which are tandem). The property offers a great unit mix of all two-bedroom units and a three-bedroom unit. There is onsite laundry, but one can add value by potentially adding washer / dryers in the units as part of their remodel when a unit becomes vacant. Currently two of the units have been beautifully significantly renovated. Additionally, there is approximately 30% upside in the rents. This is a great long term hold or value add opportunity for a hands-on buyer. Existing Loan w / Chase can be assumed – UPB: ~ $2,075,000 with BELOW-MARKET INTEREST RATE OF 4.29% FIXED thru 02-01-24

Los Angeles, 4026 INGLEWOOD

Price: $3,900,000
Units Total: 10
Lot Size: 6,861
Living Area: 5,412
Year Built: 1970
Parking: Yes
Days on Market: 141
Description: “Mar Vista 10”, is a multifamily investment property in the coastal community of Mar Vista. Composed of 8 (1 bedroom and 1 bath) units, and 2 (2 bedroom and 1 bath) units, this offering has an ideal configuration for young working professionals. Mar Vista 10 is perfectly located to capitalize on the increasing demand for housing to accommodate the predominately young, well educated, and well paid workforce in the tech economy. As such, asking rents in this submarket of Los Angeles have risen dramatically over the last several years, outperforming many traditionally high demand West LA submarkets. This property is priced in line for investors seeking to break into this tightly controlled submarket, as most properties are sold to a small group of local families, effectively closing most opportunities out of the market. Pricing is defensible and in line with regional and submarket pricing expectations. Interested parties should request a full marketing OM.

West Covina, 226 South Pima Avenue

Price: $3,900,000
Units Total: 14
Lot Size: 14,804
Living Area: 11,392
Year Built: 1959
Parking: 14
Days on Market: 43
Description: Pima Apartments is a 14-units (two x 7-unit) non-rent-controlled apartment investment opportunity located in the City of West Covina, CA. The property is superbly located one block south of Glendora Ave where many national and well-known retailers are concentrated. The property is in a residential area of West Covina with many amenities just within walking distance. Pima Apartments is a unique investment opportunity due to its high-quality location and significant rental upside potential. The property consists of two twin buildings with center courtyard and detached garage parking in the back. Each building is a two-story garden style apartment that was built in 1959. It has a total of ±11,392 sq.ft building size and situated on ±14,804 sq.ft lot size (#226: ±7,413 sq.ft lot, #234: ±7,391 sq.ft lot). It offers a very attractive unit mix with eight (8) 2bed + 1bath, and six (6) 1bed + 1bath. The property has undergone major capital improvements during the seller’s ownership. Some of the upgrades are new landscaping with new sprinkler system and plants / trees, renovated stairs and 2nd floor walkways, plumbing re-pipe to copper in building #234, new exterior paint throughout, new hardscape of the common area, and partially replaced portion of the roof. 13-units have been completely upgraded with luxury wood flooring, upgraded kitchens, fully upgraded bathrooms. RENTS ARE SIGNIFICANTLY BELOW MARKET!

Venice, 523 ROSE Avenue

Price: $3,900,000
Units Total: 1
Lot Size: 3,139
Living Area: 1,224
Year Built: 1956
Parking: Yes
Days on Market: 108
Description: Leased Investment Opportunity on iconic Rose Avenue in Venice. Restaurant building with strong tenant in place. Excellent rental income with 3% yearly increases throughout the lease term. Patio Dining. Tenant has Type 41 Beer and Wine License. Rose Avenue is now the Restaurant Row of Venice with names such as Rose Cafe, Venice Ale House, Venice Beach Wines, Makani, Butcher’s Daughter (coming soon), American Beauty (coming soon), Jeni’s Splendid Ice Cream, Wallflower, Flake, Cafe Gratitude, Groundwork Coffee Co., La Isla Bonita (food truck), Banh Mi. Joining this list is the current tenant at 523 Rose Avenue, Bluestone Lane Cafe!

Beverly Hills, 9965 DURANT Drive

Price: $3,900,000
Units Total: 3
Lot Size: 4,399
Living Area: 3,503
Year Built: 1936
Parking: 0
Days on Market: 154
Description: Prime Beverly Hills Triplex to be sold concurrently with adjacent SFR (9969 Durant Dr. MLS #18-363804) each on a separate lot and APN and each priced at $3,900,000. Great upside and superb AAA location within walking distance to the Peninsula and Waldorf A. Hotels and Century City. Both properties to be sold together. Call agent for details. Plz do not disturb tenants.

Los Angeles, 1517 West 8TH Street

Price: $3,900,000
Units Total: 34
Lot Size: 12,889
Living Area: 39,447
Year Built: 2018
Parking: Yes
Days on Market: 108
Description: CBRE, Inc., as exclusive advisor, is pleased to present this RTI 34-unit multifamily project in exciting City West, DTLA adjacent. Just reduced 600k ( $70k / buildable unit unentitled, $114k / buildable RTI). The offering includes 1517 and 1521 W. 8th Street (parcels 5142-023-003 and 5142-023-004) for a total of 12,889 sq.ft of LAC2-2D land. The site is available as a “Ready to Issue Permits”, 34-unit by-right project. The entitled plan is all market-rate, includes an attractive unit mix of large 1 + 1 and 2 + 2 units and is fully-parked. Additionally, the City’s Transit Oriented Communities (TOC) Affordable Housing Incentive Program allows for an up to 70% bonus beyond the by-right density at this location. Up to 55 units can be built should a purchaser choose to re-entitle taking advantage of TOC’s incentives. Approved plans and reports are available, contact listing team or visit property website.

640 South El Camino Real

Price: $3,900,000
Units Total: 2
Lot Size: 4,792
Living Area: 11,077
Year Built: 1928
Parking: 3
Days on Market: 90
Description: The subject property is an 11,077 sq.ft. (commercial-approx 7,200 sq.ft / residential- approx 3,800 sq.ft) property with major street frontage upon El Camino Real, the City’s most prominent retail thoroughfare with panoramic ocean view. Strategically located in the heart of San Clemente, it’s well suited to serve the local retail marketplace. The building configuration has multiple levels / floors which lend themselves to both Retail, Office and Residential-Rental / Live-Work space. The residential upper floors can be a personal residence or have a potential rental income stream which can offset debt service.

Los Angeles, 825 CROCKER Street

Price: $3,900,000
Units Total: 33
Lot Size: 6,697
Living Area: 13,371
Year Built: 1908
Parking: Yes
Days on Market: 24
Description: HUGE PRICE REDUCTION-SEND ALL OFFERS! Great investment opportunity in Prime Downtown Fashion District. HUGE upside in rent. There are 33 units, eleven on each floor. There are 2 bathrooms on each floor. There are separate Electric Meter per Each Apartment. Each apartment is currently on Month to Month rent. There are one vacant unit. CAP IS PRO FORMA Please message LA 1 Agent for full Marketing Package and Rent Roll. MOTIVATED SELLER -SEND ALL OFFERS!

Los Angeles, 5950 CARLTON Way

Price: $3,895,000
Units Total: 14
Lot Size: 8,992
Living Area: 9,856
Year Built: 1958
Parking: Yes
Days on Market: 58
Description: Ross Multifamily is proud to present the exclusively listed fourteen-unit apartment building addressed at 5950 Carlton Way, in Prime Hollywood. Centered just between Sunset and Hollywood steps from Vine, the property boasts an A + location. The extensively rehabilitated units are steller, with a mix of ten 1 + 1’s and four spacious studios. Built in 1958, the building’s retro hardwood floors, custom cabinetry, new kitchens, impeccable upkeep and ample parking has proven to be magnetic for the upper-echelon renter all landlords strive to attract. Boasting a walk-score of 83, the Hollywood staple is barely steps to Hollywood’s Pantages Theater, Sunset Gower Studios, the Walk of Fame, and umpteen foodie magnets including Katsuya Hollywood, Roscoe’s Chicken and Waffles, Stout Burgers and Beers and Kitchen24.

Costa Mesa, 287 East 16th Place

Price: $3,895,000
Units Total: 8
Lot Size: 13,068
Living Area: 9,049
Year Built: 1963
Parking: 13
Days on Market: 105
Description: 287 E. 16th Place is a unique 8 unit Eastside Costa Mesa investment opportunity advantageously located near the border of Newport Beach and the shopping, dining and entertainment of popular 17th St. In Costa Mesa. Per assessor, total building square footage is over 9,000 sq.ft and lot size is over 13,000 sq.ft. The smart unit mix includes oversized floorplans and features two 3 bedroom / 2 bath units, two 1 bedroom / 1 bath units and four 2 bedroom / 2 bath units. Residents share the charming interior courtyard. The windows have been replaced throughout the building and most units have upgraded interiors, including newer bathrooms / kitchens and newer flooring. There is big upside in rental rates, with several units on month-to-month rental agreements. Conservative pro forma rents include: 1 bedroom – $1900,2 bedroom – $2300 and 3 bedroom – $2750, which equates to a conservative pro forma Gross Scheduled Income of $222,000. There are two single car garages, plus carport and assigned parking spots. The small laundry room is shared and some units have washer / dryer hookups. Units are separately metered for gas and electric.

722 South BONNIE BRAE Street

Price: $3,895,000
Units Total: 30
Lot Size: 7,521
Living Area: 16,230
Year Built: 1911
Parking: 0
Days on Market: 9
Description: 722 South Bonnie Brae Street is a 30-unit apartment building situated in the Westlake neighborhood of Los Angeles. With a walk score of 94, the property is considered a “Walker’s Paradise. ” The unit mix consists of 26 studios with one-bathroom and a kitchen of approximately 400 sq.ft and 4 one-bedrooms with one-bathroom of approximately 600 sq.ft. The three-story structure built of wood-frame and stucco contain central hallways. The property is individually metered for electricity.

Los Angeles, 337 South Avenue 60

Price: $3,888,000
Units Total: 12
Lot Size: 19,780
Year Built: 1960
Parking: 12
Days on Market: 73
Description: 337 South Avenue 60 is a 2-story, 12-unit, apartment building located in Highland Park-one of Los Angeles’ most sought after sub-markets conveniently located close to Downtown Los Angeles and with close proximity to the Highland Park Metro Gold Line Station located on N Marmion Way and N Avenue 58. Four units are 2 bedrooms, 1 bathroom. 8 units are 1 bedroom, 1 bathroom.

Alhambra, 403 South Garfield Avenue

Price: $3,885,000
Units Total: 11
Lot Size: 31,732
Living Area: 8,018
Year Built: 1925
Parking: 6
Days on Market: 147
Description: It includes three parcels. 403-407 S Garfield ave, 400 S 1st Ave and 404 S 1st Ave. The three parcels will be sold together. Currently, 403 S Garfield ave is a 9 unit multifamily residence; 400 S 1st Ave is a single family residence and 404 S 1st ave is a single family residence. Zoning is Professional office. Plan will be available upon request.

West Hollywood, 7631 NORTON Avenue

Price: $3,875,000
Units Total: 10
Lot Size: 6,270
Living Area: 8,583
Year Built: 1961
Parking: 0
Days on Market: 13
Description: We are pleased to present 7631 Norton Avenue, a 10-unit apartment building in a prime West Hollywood location. The property is situated in one of the most desirable rental submarkets in the Los Angeles area and also represents a true value-add opportunity through the implementation of a renovation program, upgrading unit interiors, exterior façades and landscaping. The building offers an excellent unit mix of one-bedroom and two-bedroom apartments. Six units are one-bedroom / one-bathroom units and four are two-bedroom / two-bathroom units. The property, with 8,583 rentable square feet, features controlled access, on-site covered parking and laundry facilities.

Los Angeles, 159 South SUNOL Drive

Price: $3,875,000
Units Total: 14
Lot Size: 32,141
Living Area: 15,836
Year Built: 1972
Parking: Yes
Days on Market: 28
Description: We are pleased to present these 14 Spacious Two-Story Town-Home Style Apartment Units located within 1.3 miles from Monterey Park and adjacent to Boyle Heights. The property consists of TWO 4 Bed + 1.5 Bath and TWELVE 3 Bed + 1.5 Bath unit mix. All Units have Backyards, Two Entrances and are Individually Metered for Gas and Electricity. With an ATTRACTIVE Low Density Investment, this Property is an Excellent Option for your Exchange Purchase. Providing Strong In Place Rents, these THREE Separate Newer 1972 Construction structures sit on a HUGE 32,141 Square Foot LOT gives tenants Covered Parking. At a HISTORICALLY Low Vacancy Rental Pocket of Los Angeles, this investment opportunity requires minimal landlord maintenance. Close to the 60 and 710 Freeways. Property is located in Unincorporated County of Los Angeles, Rent Control Ordinance in effect.

Manhattan Beach, 323 23rd Street

Price: $3,850,000
Units Total: 2
Lot Size: 2,705
Living Area: 3,118
Year Built: 1992
Parking: 7
Days on Market: 69
Description: Panoramic white water views in the heart of the Manhattan Beach Sand Section. Grandfathered roof top deck offers an exclusive viewing area of the Manhattan Beach Pier and Christmas Fireworks show. Prime sand section location with its proximity to downtown Manhattan Beach, shopping, restaurants, and award winning Grand View Elementary. 7 total Parking spaces + golf cart parking. Be the lucky one to live the true Manhattan Beach life style. 323 23rd Street consists of 1502 sq.ft, 2 bedrooms, 2.5 bathrooms and features a roof deck with stunning panoramic and sunset views. 324 23rd Place is 3 Bed, 2 Bath, and 1616 sq.ft with an oversized tandem garage. Treated as a duplex, each property is a Single Family home with its own separate address and APN. Investor opportunity to hold now, collect rental income, and build later. Bring your architect to take advantage of this full size ocean view lot.

Palm Desert, 73530 Catalina Way

Price: $3,850,000
Units Total: 26
Lot Size: 33,977
Living Area: 23,400
Year Built: 1980
Parking: 2
Days on Market: 6
Description: Marcus and Millichap is pleased to exclusively present Catalina Apartments, a 26-unit multifamily community located in Palm Desert, California. Built in 1980, Catalina Apartments provides a contemporary atmosphere with spacious interiors and plentiful parking. The property consists of four buildings constructed of wood frame, stucco exteriors, and concrete slab foundation atop of 1.55 acres of land. The property presents 24 spacious two-bedroom, two-bathroom floor plans and 2 three-bedroom, two-bathroom floor plans. Each unit is equipped with patios and stackable washer and dryer hook-ups. Five units have been renovated with new kitchen cabinets and 16 have new AC units. Parking includes 54 spaces including 26 surface spaces, 26 covered, and 2 garages. Common area amenities include a sparking swimming pool and laundry facility.