Residential Income, California | Page 9 -001-11-30T00:00:00-08:00
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9256 Wakefield Avenue

Price: $3,150,000
Units Total: 10
Lot Size: 15,502
Living Area: 7,674
Year Built: 1987
Parking: Yes
Days on Market: 174
Description: NON RENT CONTROL, 10 UNIT APARTMENT COMPLEX, BUILT IN 1987.6 UNITS ARE 2 + 2, THE OTHER 4 UNITS ARE 2 + 2 PLUS LOFT (WHICH CAN BE USED AS 3RD BEDROOM). FIRST FLOOR UNITS ALSO HAVE PRIVATE FRONT PATIOS. ALL UNITS HAVE UPDATED KITCHEN CABINETS WITH GRANITE COUNTER TOPS, TILE FLOORING, and CROWN MOLDINGS. BUILDING ALSO OFFERS CENTRAL AIR / HEAT, and COPPER PLUMBING. THIS PROPERTY HAS SIGNIFICANT RENTAL UPSIDE POTENTIAL, AS RENTS ARE BELOW MARKET. THE PROPERTY ALSO OFFERS SECURE ENTRY AND AMPLE PARKING. THE BUILDING IS ALSO SEPARATELY METERED FOR GAS and ELECTRICITY.

Glendale, 1145 Irving Avenue

Price: $3,150,000
Units Total: 8
Lot Size: 6,713
Living Area: 7,850
Year Built: 1986
Parking: 14
Days on Market: 70
Description: We are proud to represent the pride of ownership 8-unit apartment building in prime Glendale. The property was built in 1986 and is 7,850 sq.ft and is situated on a 6,712-square foot lot. The units consist of (4) two bedroom two bath townhouse units and (4) one bedroom one bathroom with each unit averages 981 sq.ft. The building is a “no smoking” building and the units have been remolded with tiles in the kitchen, bath, and living room and laminate flooring in the bedrooms. The kitchens and bedrooms have new cabinets, granite counter tops, stainless steel sinks and new plumbing fixtures. The building has new double pane glass windows and patio doors, newer central roof mounted air-conditioning package units, new paint, the roof has a polyurethane white reflective coating that has a 12 year no leak transferable warranty. The building is completely turn key. A new owner will take adva ntage of the numerous upgrades and the strong Glendale rental market. The city of Glendale is a highly desirable rental market and was recently named as the neighborhood of the year by Curbs magazine. Glendale is a major production center for the entertainment and animation industry. Residents enjoy the excellent shopping and dining at the Americana at Brand which features 75 shops and restaurants and 18-plex Theatre. The property has individual water heaters and a solar electricity generating pv system that has no electric bill for the owner for all common areas.

2991 Mountain Avenue

Price: $3,120,000
Units Total: 40
Lot Size: 48,351
Living Area: 28,599
Year Built: 1980
Parking: Yes
Days on Market: 373
Description: Highlights: Competitive Offering CAP Rate of 6.21 %, Competitive Offering Actual GRM of 8.80, Rental Comparables Illustrate a 97 % Occupancy Area, 7% – 8% Upside In Potential Rental Income, the property offers Gated, Covered Parking wioth Many Interior Units Having Been Updated. BBQ / Pool Area, Onsite Laundry, Non-Rent Control Community and Area. The Mountain Avenue Apartments are situated on a large 1.11 acre lot. This forty unit apartment community is composed of 20 one bedroom / one bathroom units and 20 two bedroom / one bathroom units. The property has had numerous interior and exterior updates. Contact for the full offering. The Apartment community is located in the East Lynwood Drive / Del Rosa Avenue area. The areas real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and apartment complexes. Many of the residences in the East Lynwood Drive / Del Rosa Avenue neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999. Home and apartment vacancy rates are 5-10% East Lynwood Drive / Del Rosa Avenue area.

2995 Mountain Avenue

Price: $3,120,000
Units Total: 40
Lot Size: 48,391
Living Area: 28,598
Year Built: 1979
Parking: 80
Days on Market: 359
Description: Highlights: Competitive Offering CAP Rate of 6.24 %, Competitive Offering Actual GRM of 8.73, Non-Rent Control Community and Area, Rental Comparables Illustrate a 97 % Occupancy Area, 7% – 8% Upside In Potential Rental Income. Some Interior Units Have Been Updated, property has BBQ / Pool Area, Onsite Laundry, and Gated, Covered Parking. The Mountain Plaza Apartments are situated on a large 1.11 acre lot. This forty unit apartment community is composed of 20 one bedroom / one bathroom units and 20 two bedroom / one bathroom units. The Apartment community is located in the East Lynwood Drive / Del Rosa Avenue area. The areas real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and apartment complexes. Many of the residences in the East Lynwood Drive / Del Rosa Avenue neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999. Home and apartment vacancy rates are 5-10% East Lynwood Drive / Del Rosa Avenue area. Analysis shows that this rate is lower than 40% of the neighborhoods in the nation, approximately near the middle range for vacancies.

Newport Beach, 1544 Miramar Drive

Price: $3,100,000
Units Total: 5
Lot Size: 4,342
Living Area: 5,410
Year Built: 1951
Parking: 6
Days on Market: 85
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.

4945 Cahuenga Boulevard

Price: $3,100,000
Units Total: 3
Lot Size: 4,999
Living Area: 6,021
Year Built: 2017
Parking: 6
Days on Market: 8
Description: 3 BRAND NEW Cosmopolitan Style Single Family Homes designed by renowned architect Jay Vanos! Located in a desirable Toluca Lake Neighborhood, these properties have it ALL! Professionally designed interiors, featuring high end facilities and finishes. Ceilings are 10′ and 15′ feet in height. First level bedroom with adjacent bathroom can be used as an office or guest room. Located on the second floor is the living room and bar area with built-in mini bar fridge as well as the gorgeous kitchen with Custom Italian Cabinetry and included high end GE Profile Appliances. The third floor master suite will have you in awe with the soaring ceilings and open feel. To complete the masterpieces you cannot miss the amazing views from the rooftop decks! Don’t miss this amazing investment opportunity! These will sell FAST!

6915 South HARVARD Boulevard

Price: $3,075,000
Units Total: 3
Lot Size: 5,503
Living Area: 2,202
Year Built: 1941
Parking: 0
Days on Market: 56
Description: THIS FULLY OCCUPIED WELL MAINTAINED TRI-PLEX IS BEING OFFERED IN A BULK PORTFOLIO SALE OF FIVE PROPERTIES CONTAINING 16 UNITS TOTAL IN MID 5 CAP RANGE! PRICE, CAP RATE, INCOME AND EXPENSES ARE FOR THE PORTFOLIO. PER UNIT DETAILS ARE FOR THIS PROPERTY ONLY. THE PORTFOLIO IS PERFECT FOR 1031 INVESTORS! 6915 S HARVARD WAS REHAB’D IN 2011; GREAT INCOME PROPERTY W / EXCELLENT INCOME; WELL MAINTAINED PROPERTY IN A NICE POCKET OF LA; ALL THREE UNITS ARE SECTION 8 WITH RENT INCREASES IN 4Q2017; TWO ATTACHED UNITS ARE 1 BED / 1 BATH EACH AND SEPARATE UNIT OVER GARAGE IS 2-BED / 1-BATH; NEWER ROOF; TENANTS PAY ELECTRICITY AND GAS; FOUR CAR GARAGE. DO NOT DISTURB TENANTS. SEE PRIVATE REMARKS FOR DETAILS.

Newport Beach, 7201 Seashore Drive

Price: $3,055,000
Units Total: 3
Lot Size: 2,178
Living Area: 2,326
Year Built: 1971
Parking: 4
Days on Market: 217
Description: Located on a highly desirable corner lot, just one house from the sand with amazing ocean views. This remodeled duplex, currently offers 3 bedrooms, 2 baths upstairs, and 2 bedrooms, 2 baths downstairs. It can easily be converted to a 6 bedroom, 4 bath single family residence. It features a gourmet kitchen with top of the line stainless appliances and slab granite counters, a spacious master suite with walk-in closet, hardwood flooring and stone clad bathrooms. Other amenities include, air conditioning, a fireplace and a rare three car garage with parking for an additional car. Enjoy beach living, ocean breezes and white water views.

Los Angeles, 1512 CORINTH Avenue

Price: $3,055,000
Units Total: 8
Lot Size: 7,000
Living Area: 4,860
Year Built: 1957
Parking: Yes
Days on Market: 8
Description: The Corinth Apartments is an 8-unit apartment building constructed in 1957 and situated just west of the 405 Freeway, just south of Ohio Avenue and the Veteran’s Administration (VA), and just north of Santa Monica Boulevard. The property is in the heart of West Los Angeles and adjacent to Brentwood. The units are all one-bedroom apartments. There are five carport secured parking spaces accessed through the alley as well as two parking spaces in the front of the property that can possibly be used as tandem spaces. The property is a two-story walk-up building constructed of wood-framing and stucco. Units are individually metered for gas and electricity. There is no tuck under parking as there is a detached carport in the rear. The property has a very high walk score of 95, meaning that the property is a “walker’s paradise. “

Long Beach, 2301 East 7th Street

Price: $3,050,000
Units Total: 22
Lot Size: 11,849
Living Area: 16,200
Year Built: 1922
Parking: 0
Days on Market: 142
Description: The East 7th St. Apartments is a mixed-use apartment community located in the Historic Rose Park District of Long Beach. The corner lot property is comprised of twelve apartments units and ten retail spaces. With over 20% upside in rents, the property offers investors a great opportunity to acquire a value-add asset in a strong non-rent controlled market.

4100 Harrison Canyon Road

Price: $3,000,000
Units Total: 25
Lot Size: 94,865
Living Area: 19,554
Year Built: 1963
Parking: Yes
Days on Market: 183
Description: A Truly Unique property. 25 unit apartment complex on the east side of the 215, which backs up to the foothills. This property feels more like a condo complex. This well maintained complex has single story and 2 story units. Pool, laundry room. Off the beaten track, quiet, secluded.

1044 South Citrus Avenue

Price: $3,000,000
Units Total: 2
Lot Size: 6,816
Living Area: 3,656
Year Built: 1926
Parking: 2
Days on Market: 158
Description: 1044 S. Citrus Avenue has set a new standard of elegance, beauty, and sophistication in the residential landscape of elegant homes in Los Angeles, California. This magnificent duplex is 3,656 sq.ft on a lot size of 6,816 sq.ft. Upper unit has 2 bedrooms and 1 bath. Lower unit is 3 bedrooms 2 bath, which includes guest area. Owner occupies 2 bedrooms 1 bath. Guest area has 1 bedroom 1 bath. There is abundance of charm and character reflective of the period in which it was built. Let your tenant pay portion of your mortgage; tenant at upper unit pays $1,600.00 per month. The guest area, with it’s own entrance, and no stove or range, is for your guest. Ideal for your parent. 2 car garage with a long drive way. Won’t last!

Burbank, 220 East Valencia Avenue

Price: $3,000,000
Units Total: 12
Lot Size: 7,044
Living Area: 7,766
Year Built: 1928
Parking: 0
Days on Market: 229
Description: This well maintained twelve (12) unit apartment building in Burbank, CA is composed of eight (8) singles / studios and four (4) one bedroom units. This fully occupied building is a great opportunity for motivated buyers and investors. There is sufficient parking, garages, and a common area laundry facility. Close to major freeways: Golden State 5 and 134 Ventura fwy. Close proximity to many amenities.

Los Angeles, 825 CROCKER Street

Price: $3,000,000
Units Total: 33
Lot Size: 6,697
Living Area: 13,371
Year Built: 1908
Parking: 0
Days on Market: 25
Description: Beach and Urban exclusively presents a Modern Classic Single Resident Occupant (SRO) Commercial Asset. 33 Units Located in the gentrifying Fashion District of Los Angeles, California. Huge upside in repositioning asset. Sweeping Downtown city views from roof. 1st time on market in over 30 yearsAll electrical has been completely overhauled. Roof has been completely redone. 93% Occupied.

21796 Cottonwood Avenue

Price: $2,999,990
Units Total: 6
Lot Size: 132,858
Living Area: 4,000
Year Built: 1960
Parking: 0
Days on Market: 84
Description: This property has 6 units on 6 Acres of land to develop for multiple family. Land value only. Good to have some income till you get entitlement. Great demand for apartments in this Area. Huge development is going on in Moreno Valley as AMAZON is building 40 Million Sf logistic center. Average unit cost in Moreno VAlley Selling over $200k / unit. Great price for multiple family land use. According to city you can build from 90- 120 units. Please confirm with city for Zoning

Los Angeles, 1325 West 37th Place

Price: $2,999,000
Units Total: 3
Lot Size: 7,000
Living Area: 5,400
Year Built: 2017
Parking: 6
Days on Market: 58
Description: Newly constructed USC student housing development. New construction of 3 detached houses that each offer 6 beds and 3 1/2 baths for student rentals. Each of the 18 beds is projected to lease for a conservative $900 per month, totaling a phenomenal $194,900 projected yearly Gross Income, which after deducting a realistic 30% for expenses, gives you a NOI of $136,080 and a 4.5% cap rate for a newly built project. The units are separately metered for gas and electricity, and tenants are typically responsible for paying all utility expenses. These 3 two-story houses feature top-of-the line amenities for students. Bedrooms have adjacent bathrooms, which is an especially attractive feature for student tenants. All units have a common living area, a shared kitchen and in-unit laundry facility. Additionally, each unit has its own HVAC, and there are six total parking spaces on the property. The property is less than a quarter-mile from USC, within the USC Department of Public Safety (DPS) Patrol and Response Area.

Hawthorne, 13219 Doty Avenue

Price: $2,999,000
Units Total: 10
Lot Size: 11,020
Living Area: 11,020
Year Built: 1990
Parking: 0
Days on Market: 4
Description: 10 UNITS: RARE TO FIND BUILDING. BUILT IN 1990. THE BUILDING CAN BE CONVERTED INTO CONDOMINIUMS (PLEASE CONTACT THE CITY OF HAWTHORNE). THERE ARE EIGHT (8) TWO BEDROOMS, TWO BATHROOMS AND TWO TWO STORY TOWNHOUSE STYLE TWO BEDROOMS TWO AND HALF BATHROOMS. EACH UNIT HAS ITS OWN WATER HEATER, GAS METER AND ELECTRIC METER. THERE ARE 22 SUBTERRANEAN GARAGES. BUILDING HAS 9,268 sq.ft AND A LOT SIZE OF 11,020. THIS TEN (10) UNITS APARTMENT BUILDING COMPLEX IS LOCATED AT 3.5 MILES OF THE NEW HOLLYWOOD PARK NEIGHBORHOOD DEVELOPMENT, FORUM AND NFL STADIUM IN THE CITY OF INGLEWOOD.

Anaheim, 116 Olive Street

Price: $2,998,888
Units Total: 12
Lot Size: 14,810
Living Area: 5,952
Year Built: 1922
Parking: 10
Days on Market: 67
Description: SVN Vanguard is pleased to present The Cottages at Olive. This beautiful multifamily residential community is located in the Anaheim Colony Historic District. It consists of six bungalow-style duplex buildings with tree-lined central courtyard. Each duplex consists of 2 one bedroom, one bathroom units. Built in 1922, the property offers vintage charm and thoughtful modern amenities that include 10 individual single car garages, laundry facilities, new roofs and air conditioners. The landscaped grounds boast matured growth that maintain the neighborhood’s natural aesthetics and span a double parcel of approximately 14,704 sq.ft. The property is well maintained throughout offering a great pride of ownership investment for any investor who can realize an additional 10% upside in rent growth. Each unit provides its own entrance, water heaters and are individually metered for gas and electric. Most units feature living rooms that showcase a built-in hutch, ceiling fan and plantation style blinds. Kitchens offer built-in dining tables, ironing boards and modern appliances including gas stoves, dishwashers and microwaves. This twelve-unit property will be an excellent investment opportunity for investors who are looking at both long or short term investment horizons. The Cottages will be delivered with three vacant units (two are owner occupied), allowing a new investor an opportunity to immediately improve the property and command top-dollar rents.

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: 109
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.

Playa del Rey, 6501 Vista Del Mar

Price: $2,995,000
Units Total: 6
Lot Size: 2,700
Living Area: 4,000
Year Built: 1972
Parking: 4
Days on Market: 108
Description: HUGE AND SPECTACULAR DUPLEX! This is a rare one-of-a-kind property with two huge apartments plus an unpermitted studio. Unit A features 3 beds, 3 baths, on multi-levels with soaring open beam ceilings. Unit B features 2 beds, 2.5 baths plus a large bonus room that could be used as a third bedroom, office or entertainment area. Unit A enjoys nearly 900 sq.ft of deck space and as one of the tallest residential buildings in the neighborhood the views are endless and breathtaking. On a clear day, from the top deck enjoy a stunning, vertical 360 degree unobstructed view of protected nature preserve to the east, full on views of the Los Angeles basin, surrounding mountains, Hollywood sign, Marina Del Rey, Santa Monica, and the ocean. This property is perfect for the owner / user or the absentee investor. Rent control regulations apply, but property will be sold with market rents in effect for both apartments and the studio. Exterior of building was just restored; kitchens and baths are original and clean. A + Prime location with easy access to everything.

1033 North GENESEE Avenue

Price: $2,995,000
Units Total: 10
Lot Size: 6,375
Living Area: 8,927
Year Built: 1961
Parking: Yes
Days on Market: 49
Description: Marcus and Millichap is pleased to announce the sale of 1033 N Genesee Avenue, a 10-unit multifamily property located in the desirable and trendy community of West Hollywood, CA. Constructed in 1961, the two-story building rests atop semi-subterranean parking for 10 vehicles. Current rents are well below those of similar properties in the neighborhood, resulting in an opportunity for a new investor to eventually recapture approximately 62% in rent upside. This income is supplemented by the on-site laundry facilities and leased storage area. Much of the plumbing has been upgraded to copper piping, and the water heater was replaced recently. Select units feature new wood flooring, new kitchen countertops, new cabinets, upgraded bathrooms, private balconies, and ceiling fans.

Orange, 811 East CHAPMAN Avenue

Price: $2,995,000
Units Total: 4
Lot Size: 22,493
Living Area: 5,267
Year Built: 1922
Parking: 12
Days on Market: 73
Description: OVER A HALF ACRE ON THE CORNER OF CHAPMAN AND PINE IN OLD TOWNE ORANGE! ON THE CORNER (811) SITS A 2 STORY 1922 SPANISH COLONIAL REVIVAL FEATURING 4 BEDROOMS AND 2.5 BATHS, A LARGE LIVING ROOM WITH LOTS OF WINDOWS AND A FIREPLACE, A FORMAL DINING ROOM, LARGE KITCHEN ACCENTED IN GRANITE AND A BASEMENT. UPSTAIRS A HUGE MASTER W / BATH 2 MORE BEDROOMS AND A FULL BATH. A 2 CAR GARAGE PLUS A 360 SQ. FT DETACHED BONUS ROOM. A 1935 DUPLEX (813-815) CONSISTING OF 2 ONE BEDROOM UNITS AND A LARGE VACANT LOT TO THE EAST. NORTH ON PINE ST. (127) IS A 1923 MEDITERRANEAN REVIVAL FEATURING 2 BEDROOMS 1 BATH, HARDWOOD FLOORS, A 2 CAR GARAGE AND A 500 SQ. FT DETACHED BONUS ROOM. A DRIVEWAY OFF PINE PROVIDES ACCESS TO THE PROPERTIES. CURRENTLY ALL PROPERTIES ARE BEING USED AS RESIDENTIAL BUT THERE MAY BE OPPORTUNITY TO USE THEM AS OFFICE / PROFESSIONAL OR MIXED USE. THESE PROPERTIES ARE RARE AND HAVE MANY POSSIBILITIES. ALL IN THE MISSION STYLE AND ADORNED WITH STUCCO AND ADOBE TILE ROOFS. 4 PARCELS

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: 65
Description: This is RARE opportunity to own an investment / income producing property on the beautiful Island of Catalina. The units total 7512 sq.ft of living space on 3 levels, with a roof top ocean view deck. DOUBLE LOT -Lot size is 2722. 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 under contract / lease 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: 46
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.