Residential Income, California | Page 9 -001-11-30T00:00:00-08:00
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Newport Beach, 200 East Oceanfront

Price: $3,995,000
Units Total: 2
Lot Size: 2,614
Living Area: 2,427
Year Built: 1930
Parking: 2
Days on Market: 199
Description: Capturing the essence of Newport Beach, 200 E. Oceanfront embraces a lifestyle indicative of its warm appeal. From the intimate, sunlit reading room, to its original brick-laden cottage fireplace, this charming 2-unit beachfront cottage showcases a uniquely compelling palette. Stretches of sand greet the boardwalk and entry, creating a surreal environment to enjoy coastline and ocean views. The 4 Bedroom / 3 Bedroom Front Unit, and 1 Bedroom / 1 Bathroom Back Unit Duplex is situated on a private corner lot, steps from Newport’s famed Balboa Pier, local restaurants, amenities, and Balboa Fun Zone, making it the perfect getaway for visitors and locals alike.

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: 28
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.

Dana Point, 35067 Beach Road

Price: $3,987,000
Units Total: 2
Lot Size: 6,534
Living Area: 3,000
Year Built: 1963
Parking: 5
Days on Market: 33
Description: This Amazing, Updated and Rare Oceanfront DUPLEX on the Water is the Ultimate Beach Getaway with Breathtaking Panoramic Views of the Crashing Surf, Catalina Island and City Lights up the Coastline to Dana Point Harbor. You’ll be blown away the second you walk through the doors of these tastefully appointed oceanfront Villas. The private, gated community of Beach Road offers one of the best locations, beaches and panoramic views anywhere in OC. The upper and lower units are mirror images at approx 1500 sq.ft each with 3 bedrooms, 2 bathrooms and massive private decks overlooking the Pacific. The 3rd bedroom is being used as an office / den in each unit but could be converted. Great income property with extensive rental history or live in one and rent the other to offset costs. A gourmet kitchen with center island opens to the Great Room with glowing fireplace, recessed lighting and walls of glass to the ocean front terrace creating the ultimate coastal living experience. The lower unit deck is partially covered. Each bathroom tastefully remodeled with vibrant beach colors and tile work. Two car garage with Modern Stainless Steel Garage Door for parking plus 3 designated spaces for this property and plenty of guest parking. Close proximity to world class restaurants, shopping, Dana Point Harbor and resorts.

17682 Cameron Lane

Price: $3,985,000
Units Total: 10
Lot Size: 16,988
Living Area: 8,763
Year Built: 1985
Parking: 23
Days on Market: 225
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!

Los Angeles, 3029 LEEWARD Avenue

Price: $3,950,000
Units Total: 18
Lot Size: 9,300
Living Area: 12,097
Year Built: 1963
Parking: Yes
Days on Market: 76
Description: Well maintained investment building in Heart of Korea town. Unit 15 1/1- $1,250.00, Unit 16 1/1- $1,240.00, Unit 17 1/1- $1,291.50, unit 18 S / 1- $1,137.00, Unit 19 S / 1- $667.32, Coin laundry owned by seller

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: 61
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.

Venice, 1922 PACIFIC Avenue

Price: $3,900,000
Units Total: 8
Lot Size: 2,801
Living Area: 4,451
Year Built: 1907
Parking: 0
Days on Market: 100
Description: 8 Units in the heart of Venice. 4 One bedrooms, 1 two bedroom and two Singles, one Bachelor. Unit #2 (1 Bedroom) has new kitchen floors and cabinets, Unit 5 (Bachelor) has all new wood laminated flooring, new bathroom sink, light fixtures, blinds.

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: 28
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: 74
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.

1433 CRENSHAW Boulevard

Price: $3,900,000
Units Total: 1
Lot Size: 14,339
Living Area: 3,759
Year Built: 1910
Parking: Yes
Days on Market: 63
Description: DEVELOPMENT OPPORTUNITY SIDE BY SIDE PROPERTIES (1433 and 1437) IN NICE AREA NEAR KOREA TOWN! SOLD TOGETHER ONLY AS ONE SALE- Listing price is for two parcel – Approximately 14,339 sq. Ft lot. Both parcels combined. R-3 ZONING, Can be developed into a 30 Units building. Seller already have 30 units Blueprint. Buyer to do their own due diligence regarding possibilities for development. Buyer agree to cooperate with seller’s 1031 Tax Deferred Exchange like for like Property at no cost or liability to buyer. Both house are vacant. Sold “AS IS” in its present condition. DRIVE BY ONLY!

1966 South Beverly Glen Boulevard

Price: $3,900,000
Units Total: 8
Lot Size: 10,238
Living Area: 7,940
Year Built: 1951
Parking: 8
Days on Market: 46
Description: 1950’s courtyard style building located in one of the best locations in Los Angeles. Walking distance to Westfield’s Century City, and a few minutes drive to Beverly Hills. Pride of ownership building with a great unit mix, situated on over 10,000 sq.ft of land. Highlights: 1) Pride of Ownership Century City Property and location. 2) Walking distance to Westfield Century City. 3) Courtyard Style building on a ±10,272 sq.ft Lot4) Great unit mix (all 2 bedroom units) 5) Beverly Hills adjacent6) Future Development Opportunity with LAR3 Zonning.

12121 LA MAIDA Street

Price: $3,898,000
Units Total: 16
Lot Size: 19,139
Living Area: 13,608
Year Built: 1954
Parking: 0
Days on Market: 75

Los Angeles, 4171 West 4TH Street

Price: $3,890,000
Units Total: 12
Lot Size: 9,012
Living Area: 12,776
Year Built: 1963
Parking: Yes
Days on Market: 18
Description: Primely located NEC of Oxford and 4th, 12 Unit apartment building in the heart of Korea-town. The property is separately metered for gas and electricity, keeping landlord’s expenses low. There is a laundry room on siteThis property has Huge upside potential. The building’s unit mix consists of (One) Studio / (Two) 1 Bed / 1 Bath / (Nine) 2 Bed / 2 Bath units. The units are impressively spacious. Flanked by Korea-town shopping, restaurants and Markets are just steps away. High demand rental area. DO NOT DISTURB THE TENANTS.

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: 67
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.

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: 102
Description: POSSIBLE OWNER USER! Fully renovated 1 + 1.5 TH with Washer / Dryer currently vacant. 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

Venice, 520 ANDALUSIA Avenue

Price: $3,850,000
Units Total: 8
Lot Size: 5,100
Living Area: 3,336
Year Built: 1921
Parking: 0
Days on Market: 13
Description: This is a fantastic opportunity to acquire this one of a kind 8 unit Venice compound! Situated on a very desirable corner double lot, seconds from Abbot Kinney Blvd, with all its boutique shopping and dining and minutes from the world famous Venice Beach. The units are extremely well maintained and are bright, airy and surround an enchanting courtyard area, with immaculate landscaping. The property consists of 6 studios and 2 one bedroom units. Six units will be delivered vacant, ready for maximum rental income.   With its spectacular location and size, this property offers endless potential, either as a great income property or residential development. This trophy property is a truly special find.

Los Angeles, 3168 WABASH Avenue

Price: $3,825,000
Units Total: 14
Lot Size: 14,780
Living Area: 11,600
Year Built: 1973
Parking: 0
Days on Market: 20
Description: With 79% of the units recently vacated, Casa Wabash is a unique opportunity for a new investor to capitalize on the red-hot Boyle Heights rental market. The large floor plans are ripe for renovation and once turned, these units will command a top market rent. The area’s potential is demonstrated in our very thorough rent study showing several examples of renovated product achieving high rent levels. The property has an excellent hillside location along Wabash Avenue with a courtyard that features sweeping views of the Downtown Los Angeles skyline. Additionally, there is gated parking below the units and the property is not subject to the city’s soft-story ordinance. Given that 11 of the 14 units are currently vacant, an investor will be able to focus all of their energy on a renovation strategy to generate the highest possible rents. The current vacancy also eliminates any rent control or Costa Hawkins concerns.

Burbank, 2243 North Catalina Street

Price: $3,800,000
Units Total: 8
Lot Size: 6,689
Living Area: 9,170
Year Built: 1987
Parking: Yes
Days on Market: 54
Description: 8 units townhouse style, built in 1987,100% occupied, in excellent Burbank location near Burbank Empire Center, with over 9100 sq.ft of building. Unit mix consists of 2 (3 brm, 3.5 baths), 4 (2 brm, 2.5 baths), and 2 (1 brm, 1.5 baths). Beautiful gated building with pitched roof that provides spacious attic space for each unit, with semi-subterranean gated parking. Rents are low with good potential for upside in rents. The property has undergone hundreds of thousands of dollars worth of capital improvements over the past few years. Most units have been extensively remodeled with newer laminate flooring, recessed lighting, newer kitchen cabinets with granite counter tops and mosaic back splash tiles, and tile flooring, stainless steel stoves, crown and base moldings, with newer double panel doors and door knobs, new vanity and granite counter tops in bathrooms, newly painted inside units. All units have central heating and air conditioning with most units have been replaced with new units. All units have individualized water heaters. The entire building was newly painted in 2017 with new rain gutters. Burbank is highly desirable rental market and is known as the media capital of the world, which is home to Disney Studios, Warner Brothers, and NBC.

Los Angeles, 2300 BELLEVUE Avenue

Price: $3,800,000
Units Total: 16
Lot Size: 5,005
Living Area: 8,270
Year Built: 1916
Parking: Yes
Days on Market: 5
Description: ACME is proud to present 2300 Bellevue Avenue, a fully renovated 16 unit apartment community in one of L. A. ‘s most promising rental markets, Silver Lake. Densely populated with some of L. A’s hottest restaurants, bars, and shopping, Silver Lake was named by Money as the “Nation’s Hippest Neighborhood” and “LA’s Hottest Zip Code” by the LA Times. A true pride of ownership, each renovated unit features high ceilings, spacious eat-in kitchens, and hardwood floors. This 1916, two-story building with updated systems is something to be admired with building wifi, new roof as of 2014, security systems, indoor bike rack rooftop deck, and rental waitlist. The dedicated care taken by current owner has attracted quality tenants and supported excellent market rents with timely increases, making Bellevue a steadily appreciating asset.

Los Angeles, 1108 West 110TH Street

Price: $3,800,000
Units Total: 20
Lot Size: 18,009
Living Area: 13,882
Year Built: 1964
Parking: Yes
Days on Market: 61
Description: 1108 West 110th Street Apartments is in unincorporated Los Angeles County and is not subject to rent control. There is 28% Rental Upside potential in the property. Due to the property being non-rent control, a buyer would be able to bring rents up to market with a 60-day notice, andhigh-end finishes done to the interior of the units. This property is conveniently located on 110th and Vermont, offering tenants easy access to the105 and 110 Freeways as well as the Vermont / Metro Stop. Because of the abundant amenities for the tenant base, an owner would have the opportunity to push the limits of market rent with a great touch and design of both the interior and exterior of the building. Sitting only 1.4 Miles from Jesse Owens Park, 3.0 Miles from the new NFL Rams Stadium in Inglewood, and 3.5 Miles from SpaceX and the Hawthorne Airport – 110th Street is in the hub of exciting developments and gentrification in South Los Angeles and the South Bay.

Manhattan Beach, 3604 Alma

Price: $3,800,000
Units Total: 4
Lot Size: 3,500
Living Area: 3,540
Year Built: 1960
Parking: 3
Days on Market: 19
Description: Don’t miss out on this Opportunity! Own a terrific 4 unit building in the Sand Section of Manhattan Beach. Penthouse-3bedrooms 2 baths has views, large deck, AC, cabana and so many upgrades. Owners remodeled unit for themselves, feels like a home. They have enjoyed rent from the two 1 bedroom units and a 2 bedroom unit off Vista Dr. Units B and C are remodeled but Ocean view unit A and 2bedroom on Vista have great upside in rent. Exterior of building was remodeled for great contemporary vibe. Tenants love living in these units because the 3 garages and 5 driveway spots make parking a breeze. Enjoy all Manhattan Beach has to offer, this property can’t be duplicated. Buy for investment or a creative way to afford your dream beach home.

Palm Springs, 601 West ARENAS Road

Price: $3,795,000
Units Total: 14
Lot Size: 23,958
Living Area: 0
Year Built: 1957
Parking: Yes
Days on Market: 118
Description: Designed by Herbert Burns, this beautifully maintained Mid-Century Modern resort in the Historic Tennis Club neighborhood is all about location and views. There are 14 individualized rooms from a standard studio to a two bedroom apartment with a separate entrance and cozy fireplace. Many with small, full kitchens and private patios. Rooms overlook the pool with fabulous views from each. Another rare attribute of this hotel is off-street parking for guests- hard to come by in this neighborhood. Additional amenities include a front office / reception area, guest pantry for coffee and snacks, on-site laundry, two gas grills, ice machine, and bikes for guests to use. Perfect location-walk two blocks to the heart of town. This property is currently a fully functioning boutique hotel with a long term, loyal clientele. Appointment only. Do not enter property without Listing Agent.

Long Beach, 6501 Cherry Avenue

Price: $3,795,000
Units Total: 16
Lot Size: 10,971
Living Area: 11,391
Year Built: 1961
Parking: 10
Days on Market: 104
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

Highland Park, 6413 Pollard Street

Price: $3,795,000
Units Total: 14
Lot Size: 13,354
Living Area: 7,652
Year Built: 1959
Parking: Yes
Days on Market: 47
Description: Pollard Apartments is a substantially renovated 14-unit, two-story, apartment complex located in a gentrified part of Highland Park, a lovely neighborhood in the San Rafael Hills of Los Angeles, California. This property is 2 block from Pasadena. This ideal locale also allows easy freeway access to the 110 Arroyo Seco Parkway. The subject property currently offers 1 studio and 13 one-bedrooms.