Residential Income, California | Page 9 -001-11-30T00:00:00-08:00
It’s a free California MLS search to find real estate MLS listings for sale and rent. We offer also features real estate news, common real estate questions and answers, mortgage calculator. Find homes for sale, new homes and resale homes, new construction, acreage, lots, land, commercial property and investment property. Check all the listings…
Quick search result
Advanced Search
County or Parish
All counties
Los Angeles
Orange
Riverside
San Bernardino
City
All cities
29 Palms
Acton
Adelanto
Alhambra
Aliso Viejo
Altadena
Anaheim Hills
Anaheim
Apple Valley
Arcadia
Azusa
Banning
Barstow
Beaumont
Bellflower
Bermuda Dunes
Beverly Hills
Big Bear
Blythe
Brea
Buena Park
Burbank
Calabasas
Canoga Park
Canyon Country
Canyon Lake
Carson
Cathedral City
Chatsworth
Chino Hills
Chino
Claremont
Coachella
Colton
Compton
Corona del Mar
Corona
Costa Mesa
Coto de Caza
Covina
Crestline
Dana Point
Desert Hot Springs
Diamond Bar
Downey
Eastvale
El Monte
Encino
Fontana
Fountain Valley
Fullerton
Garden Grove
Gardena
Glendale
Glendora
Granada Hills
Hacienda Heights
Hemet
Hesperia
Highland
Huntington Beach
Indian Wells
Indio
Inglewood
Irvine
Joshua Tree
Jurupa Valley
La Habra
La Mirada
La Puente
La Quinta
La Verne
Ladera Ranch
Laguna Beach
Laguna Hills
Laguna Niguel
Laguna Woods
Lake Arrowhead
Lake Elsinore
Lake Forest
Lakewood
Lancaster
Long Beach
Los Angeles
Malibu
Manhattan Beach
Marina del Rey
Menifee
Mission Viejo
Monrovia
Monterey Park
Moreno Valley
Murrieta
Newhall
Newport Beach
Newport Coast
Norco
North Hills
North Hollywood
North Tustin
Northridge
Norwalk
Oak Hills
Ontario
Orange
Pacific Palisades
Pacoima
Palm Desert
Palm Springs
Palmdale
Pasadena
Perris
Phelan
Pico Rivera
Placentia
Pomona
Rancho Cucamonga
Rancho Mirage
Rancho Mission Viejo
Rancho Palos Verdes
Rancho Santa Margarita
Redlands
Redondo Beach
Reseda
Rialto
Riverside
Rowland Heights
Running Springs Area
San Bernardino
San Clemente
San Dimas
San Gabriel
San Jacinto
San Juan Capistrano
San Pedro
Santa Ana
Santa Monica
Saugus
Seal Beach
Sherman Oaks
South Gate
Studio City
Sylmar
Tarzana
Temecula
Temple City
Torrance
Tustin
Upland
Valencia
Van Nuys
Venice
Victorville
Walnut
West Covina
West Hills
West Hollywood
Westminster
Whittier
Wildomar
Winchester
Winnetka
Woodland Hills
Yorba Linda
Yucaipa
Yucca Valley
Association
Senior Community
View
Sale Price Range
Rent Price Range
Bedrooms
to
Bathrooms
to
Living Area (sq.ft)
Postal Code
Days on Market
Stories Total
Rent Control
Number of Buildings
Number of Units
Cashiers Check
Credit Check
Lot Size (sq.ft)
Pets Allowed
Furnished
Special Conditions
Year Built
Land Use
Number of Buildings
Units Leased
Units Total
Special Licenses
Community Features
Land Lease
Levels
Garages Total
Laundry
Patio
Parking
Lease Term
Fireplace
Building Area (sq.ft)
Home Remains
Body Type
Spa
Private Pool
Fence
LeaseType
Year Established
Years Current Owner
Cooling
Heating
Parking Total
Land for sale
Sort by
Search
Clear
View type
Table View
Grid View
List View
Map View

Venice, 546 Sunset Avenue

Price: $2,000,000
Units Total: 2
Lot Size: 5,766
Living Area: 1,056
Year Built: 1924
Parking: 0
Days on Market: 209
Description: Prime Venice location. Right next to world Famous Venice Beach, Abbot Kenny, and many great restaurants and shops. Great potential For rebuild of large modern home or duplex great size Lot great for developer . PROPERTY HAS ACCESS TO TWO ALLEYS WHICH ALLOWS MORE CLEARANCE FOR MORE PARKING. THE FRONT OF THE LOT HAS 2 BUNGALOWS AND PLENTY OF ROOM TO GROW IN THE REAR OF THE PROPERTY

Long Beach, 5558 Dairy Avenue

Price: $2,000,000
Units Total: 12
Lot Size: 8,278
Living Area: 7,712
Year Built: 1961
Parking: 0
Days on Market: 100
Description: Dairy Terraces is a 55-bed sober living community located in the North Long Beach submarket. The Property has total of 55 beds and offers investors a great opportunity to acquire a property with a 17-year history in a strong non-rent controlled market. On-site manager manages all rentals, evictions and Sober Living Program. The subject property is located at 5558-5562 Dairy Avenue in the North Long Beach submarket. The property enjoys close proximity to the local freeways, public transportation, and is within walking distance of the shops, restaurants, and retailers along Atlantic Avenue and East Market Street.

1515 South Hayworth Avenue

Price: $2,000,000
Units Total: 4
Lot Size: 6,882
Living Area: 4,632
Year Built: 1929
Parking: 6
Days on Market: 165
Description: Lovely building (s) situated in a thriving trendy community of West Los Angeles. These beautiful buildings, with Spanish architecture, were built in 1929. The buildings house 4 units – each are identical in construction / layout. The total bedroom count is 8 bedrooms and 4 bathrooms – 2 bedrooms and 1 bathroom each. Total square footage of living space is 4,632 sq.ft (per assessor). The total lot size is 6,881 sq.ft (per assessor), zoned LAR3. Each unit has a spacious living room, separate dining room, nice gourmet kitchen, and washer and dryer room right off the kitchen for convenience. Total dwelling has above-average ceilings. 2 units are upstairs and 2 units are downstairs. Large lot in back with enough parking for 6 medium-sized cars – no need to worry about street parking. Great location, close to many points of interest. Friendly trendsetting community. Great investment.

Laguna Beach, 284 Chiquita Street

Price: $2,000,000
Units Total: 2
Lot Size: 4,356
Living Area: 1,724
Year Built: 1965
Parking: 2
Days on Market: 25
Description: Enjoy expansive forever views from this charming North Laguna duplex steps away from Crescent Bay and Shaws Cove. Each residence features kitchen with breakfast bar and dining nook open to a large living room with brick fireplace, 2 bedrooms, 1.5 bathroom and laundry room. Expansive decks encompass the entire length of each unit with sliding glass door access from the living room, bedroom and master bedroom. Spacious common patio area extends off the back of the property with succulent garden perfect for entertaining or relaxing. Short distance to famous Laguna restaurants, shops, and recreation.

16864 Bayview Drive

Price: $1,999,999
Units Total: 4
Lot Size: 2,178
Living Area: 2,525
Year Built: 1949
Parking: 2
Days on Market: 3
Description: Welcome to 16864 Bayview Dr – a unique waterfront investment opportunity with 4 units and a dock – located on Sunset Island in Huntington Harbor. The 4plex unit mix includes one 2 bedroom / 1 bath unit and three 1 bedroom / 1 bath units. Units have been updated and upgraded throughout the years, including granite countertops and remodeled kitchens and baths in some. Attached are two 1 car garages that provide room for parking and storage for 2 of the units. Each unit is separately metered for gas and electric (4 of each) and there is a shared onsite laundry room. A shed near the dock also offers storage space. A bright patch of green grass and sitting area on the dock provides common space for residents to enjoy. The dock generates additional income and is approximately 40’long. This rare waterfront investment opportunity affords upside in rents and the site offers possible redevelopment opportunities. Sunset Beach was officially annexed to Huntington Beach in August 2011 and this location offers convenient access to the PCH and some of the best shopping, dining and beaches in the area.

19401 Yorba Linda Boulevard

Price: $1,999,900
Units Total: 2
Lot Size: 34,848
Living Area: 4,824
Year Built: 1978
Parking: 4
Days on Market: 60
Description: 2 YORBA LINDA HOUSES ON 1 LOT! – Check out these 2 awesome custom Yorba Linda houses on this huge. 80 acre lot, the 1st main house is 3624 sq.ft, 4 bedrooms, 4 bathrooms, completely remodeled with new vinyl windows, new paint, custom base / crown / casing moldings, travertine tile and chandelier in the foyer, living room has expansive cathedral wood beamed ceilings with a fireplace, den / office / parlor room, formal dining room, family room with a fireplace, kitchen with new cabinets, granite counters, glass tile backsplash, stainless steel appliances, main floor bedroom, game / bonus room with french patio doors, rich wood laminate floor, utility / laundry room, office nook, master suite with cathedral wood beamed ceilings, double sided fireplace, jetted tub, walk in cedar lined with organizer closet, vanities with granite counters, bathroom with travertine tile, RV parking, lots of patio space, large lawn areas, 2 car detached garage. The 2nd house is aprox 1200 sq.ft, single story, 3 bedrooms, 2 bathrooms, rich wood laminate floors, kitchen with elegant marble look tile, granite counters, glass tile backsplash, stainless steel appliances, nook, 2 car attached garage. So many more details that you must see these houses in person. Offered at $1,999,900.

Hermosa Beach, 639 1st Street

Price: $1,999,000
Units Total: 3
Lot Size: 4,600
Living Area: 2,680
Year Built: 1974
Parking: 6
Days on Market: 86
Description: Great triplex in Hermosa Beach, West of PCH, in very good condition, with 2,680 sq.ft, and it sits on a 4,600 sq.ft lot! All units are townhome style with nobody above or below each unit. All have own laundry hook-ups (#2 includes new front load washer / dryer). All have a 2-car garage with auto openers (that’s 6 enclosed garages at the beach!) Quiet part of Hermosa with convenient access to everything. Could easily be used as an owner occupied in any of the 3 units with plenty of rental income! Lots of upgrades throughout. Unit #1 in the front is a 3 bdrm, 2.5 baths, ~1,180 sq.ft, completely remodeled kitchen, tile floors downstairs (living, dining, kitchen, laundry, ½ bath), all bedrooms are upstairs with a master suite, newer Milgard vinyl windows and 2” vinyl blinds throughout, slate patio in the front! Unit #2 in the middle is a 2 bdrm, 1 ½ baths, ~900 sq.ft, remodeled kitchen, tile floors downstairs (living, dining, kitchen, laundry, ½ bath), 2 new vinyl windows and 2” vinyl blinds downstairs, both bedrooms upstairs. Unit #3 at the upper rear is a 1 bdrm, 1 bath, ~600 sq.ft, remodeled kitchen, tile floors in living, dining, and kitchen, plantation shutters, and laundry in private garage. Separate electric meters. All units are occupied. See photos for further descriptions.

Laguna Beach, 370 Jasmine Street

Price: $1,999,000
Units Total: 3
Lot Size: 6,098
Living Area: 2,100
Year Built: 1925
Parking: 4
Days on Market: 82
Description: Ideal North Laguna location! Recently updated, this peaceful retreat is ideally located on one of North Laguna’s most desirable streets and includes two, 1 bed, 1 bath units with kitchen, dining, and living room in each, as well as a separate ‘guest’ room and bath detached in the rear. Upgrades include refinished hardwood floors, stainless steel appliances, handcrafted base and casings, an old world carved fireplace, granite countertops, laundry area, and dual vanity baths. The expansive outdoor living areas on the street-to-street lot are perfect for weekend, afternoon, or evening dinner parties. So close to restaurants, many galleries, and shopping. You are in the heart of North Laguna with close proximity to the Village, Heisler Park, and Main Beach. An impeccable home on a lovely street, this property is not to be missed!

Highland Park, 5756 Aldama Street

Price: $1,999,000
Units Total: 4
Lot Size: 6,000
Living Area: 3,588
Year Built: 1955
Parking: 8
Days on Market: 23
Description: Great Investment opportunity! Very well maintained 4 unit building.

1329 South Stevens Avenue

Price: $1,998,000
Units Total: 7
Lot Size: 14,424
Living Area: 4,800
Year Built: 1984
Parking: 11
Days on Market: 177
Description: First time for sale since 1988! This 7 unit Apartment is in the heart of San Gabriel, California. Single home in the front plus a four-plex and a duplex within a highly desirable location. Easy access and walking distance to many amenities such as: Focus shopping center, Almansor Golf Course, transportation, schools, hotels and restaurants. One of the strongest sub-markets in San Gabriel Valley, high rent growth and low vacancy rate area. Low maintenance with Upside rental potential. Newly installed roof in the front building and the back building. This is a must see to believe opportunity that will not last long on the market.

Lake Elsinore, 32986 Blackwell

Price: $1,995,000
Units Total: 22
Lot Size: 18,476
Living Area: 8,125
Year Built: 1960
Parking: 22
Days on Market: 127
Description: Current CAP rate at 5.04% and ProForma CAP at 6.07% with a current NOI of $100,496! Very well priced at $90,681 per unit. This is a great opportunity to own two well maintained and professionally managed multifamily apartment buildings with a total of 22 units within walking distance of the lake and a park. This is a package deal consisting of 2 separate properties with 2 APN’ s sold together. The 17586 Grand Building has an onsite laundry room with owned machines that both buildings share for additional income. The Grand Apartments consist of 8 units with 7 studios and a single 3 bed / 2 bath home. The 32986 Blackwell Apartments located across the street from the Grand Apartments consist of 14 studio units with tile floors and custom paint interiors making for very low turnover costs. Lake Elsinore is perfectly situated for commuters between Orange County, San Diego and the Inland Empire. Also see all the attached financial supplements (actual cash flows and rent rolls).

Culver City, 4045 Tilden Avenue

Price: $1,995,000
Units Total: 2
Lot Size: 5,725
Living Area: 3,990
Year Built: 2006
Parking: 4
Days on Market: 161
Description: Enjoy the quiet, tree lined street and rental income! Two homes on this lot allow for living on site with a rental or rental of both homes. Front house was built new in 2006 and has large rooms and plenty of natural light. A lovely formal living room and dining room plus a family / tv room and an additional dining area for daily use. There are 2 masters upstairs each with a beautiful en suite bath and a private balcony for your morning coffee. Also upstairs are 2 additional bedrooms with a Jack and Jill bath. The home at the the back is a single story home with 3 bedrooms and 2 1/2 baths. This home is the original home on the parcel and has been updated. Close to shopping, entertainment and the freeways.

Sherman Oaks, 4240 MAMMOTH Avenue

Price: $1,995,000
Units Total: 3
Lot Size: 6,282
Living Area: 3,149
Year Built: 1938
Parking: Yes
Days on Market: 4
Description: “The Mammoth” Is a beautiful and rare Triplex located South of Ventura Boulevard in Sherman Oaks (91423). This unique triplex features two units that have been updated with hardwood floors throughout, ceasarstone counter tops, stainless steel appliances and quality finishes. The third unit (townhome style) was built in 2013 and is perfectly positioned for an Owner / User, Savvy Investor or Airbnb Operator who wants to move in and raise rents. All Units feature private yards and private laundry rooms along with garage and gated parking. Email listing agent for the marketing package.

La Puente, 16061 Fellowship Street

Price: $1,988,888
Units Total: 2
Lot Size: 31,046
Living Area: 5,600
Year Built: 2010
Parking: 2
Days on Market: 101
Description: Great opportunity to own a 2 unit property in La Puente. 12 bedrooms / 7 bath total. Front unit has 9 bedrooms / 5 bath and back unit has 3 bedrooms and 2 bath. Can be used for a large family or investment. Long drive way for multiple parking. Don’t miss out!

Long Beach, 1529 East 1st Street

Price: $1,988,000
Units Total: 4
Lot Size: 8,269
Living Area: 2,790
Year Built: 1921
Parking: 7
Days on Market: 84
Description: This spectacular Craftsman Four Plex is offered on an 8,276 sq.ft lot with a 4 car, detached garage, located close to the beach. This architectural beauty is the perfect at home retreat with a 3rd floor balcony for outdoor entertaining or private sunbathing with the bonus of added income from the rental units located on the property. There are 2 separate rental units in the back that sit above the 4 car garage and one rental unit located on the first floor of the main house. This property has a spacious courtyard, ideal for hosting large parties. The owner’s unit, located on the 2nd and 3rd floors, features a remodeled kitchen with a Viking stove and dual ovens, French cabinets, and a stainless farmers sink. The recently remodeled bathroom includes a beautifully tiled shower with a skylight that allows natural sunlight to rejuvenate the soul. The master bedroom includes a walk-in closet. The living room faces toward the coast and allows fresh ocean breezes to complete your feng shui. The 3rd floor widow peak room is located up a spiral staircase, facing the ocean, and could be used as an office or small bedroom. This home would be perfect for a resident landlord that desires income property. The new owner has the option to convert the main house back to a 2.5 story home, while maintaining the 2 rental units above the garage, or to keep it as a Four Plex.

1512 South Santa Anita Avenue

Price: $1,980,000
Units Total: 3
Lot Size: 31,825
Living Area: 2,919
Year Built: 1924
Parking: 2
Days on Market: 23
Description: Builder’s delight! Build your own dream home! There are currently 3 detached homes in this very large lot of approximately 31,824 Sq. Ft. (per assessor) The front unit features 2 bedrooms, 1 bath and 1 car garage. The rear unit is 3 Bedrooms, 2 Baths and 1 car garage. The third unit is a 1 bedroom, 1 bath unit. All Units are currently vacant This is a great opportunity to live in central Arcadia within the award winning Arcadia School District and close all amenities. Buyer to verify all information and requirements with the City of Arcadia. LAND VALUE ONLY! Seller will not do any repairs of any kind. Easy to show, no need for appointment, go direct and walk around, no access to units, as this is being sold for Land Value Only!

Laguna Beach, 31522 West Street

Price: $1,975,000
Units Total: 0
Lot Size: 10,000
Living Area: 2,494
Year Built: 1962
Parking: 4
Days on Market: 87
Description: Beautiful beach property within short walking distance to West St Beach, and s lagunashopping and restaurants! The main house consists of 2 big bedrooms and 2 Baths and has a completely remodeled kithchen, travertine flooring, granite countersand all new Sansung appliances, convection oven, and stove. With griddle, new sink, dishwasher and beautiful new cabinetry. Kitchenopens up tolarge open living room with high beamed ceilings, skylight,. Outsideocean view patio with travertinepavers and telescopicoutside shade option! Main house has 2 car detached garage. The addition in rear of house consists of one bedroom,, one bath, family room with ocean and canyon viewsand its own 2 car garage with washer dryer. Newer kithchen and appliances and private entranceincluding aspaciousoutdoor patio w / ocean / canyon views. 10000 sq.ft lot that backs to beautiful canyon — utmost in privacy from this spactaular setting!

Pasadena, 80 South Sunnyslope Avenue

Price: $1,968,000
Units Total: 4
Lot Size: 6,948
Living Area: 4,948
Year Built: 1966
Parking: 4
Days on Market: 47
Description: Quadruplex in a Quiet / Nice Neighborhood of Pasadena, Tree-Lined Street, Convenient Location, One Block South of Colorado Blvd. Close to Shops, Bus Stop, Bank, Restaurant etc. 2 Units With Townhouse Style, 2 Units with Single Level, Fully Occupied By Long Termed Tenants, Current Rents are Below Market Rate, Great Potential, New Composition Roof Installed in 2013 with Life-Time Warranty, Newer Water Heater Unit, Newer Fence, Community Laundry. No Sign On Property, Please Do Not Disturb Occupants nor Walk On The Property, Drive By Only. Offer Subject to Interior Inspection. CLA With Any Question.

Redondo Beach, 2215 Mathews Avenue

Price: $1,950,000
Units Total: 4
Lot Size: 7,498
Living Area: 3,480
Year Built: 1958
Parking: 8
Days on Market: 255
Description: Perfect for the Owner-Occupier or Investor! Super charming 4-Plex in the heart of North Redondo. Walking distance to shops and restaurants and across the street from a large parking lot to help with neighborhood parking overflow. On a quiet one-way street with easy access to Redondo, Hermosa, Manhattan, and freeways for your commute. Let’s not forget about the Award Winning Redondo Beach School District helping to boost those rents up! Well kept and cared for complex with 2 large 2 car garages and a wide driveway so every unit gets a spot in the garage and a spot in the driveway. This single building quadplex boasts a large enclosed yard for pets or outdoor entertaining and cook outs. Two of the units have laundry hookups and 3 out of 4 units have been completely and tastefully remodeled. It’s an R3 zoned 50×150 lot. Great income potential here. Do not miss out! PLEASE DRIVE BY ONLY. DO NOT WALK THE PROPERTY OR DISTURB ANY OF THE TENANTS. Unit #1: 2 bed / 1 bath. Actual rent: $1,895 / mo. Pro Forma Rent: $2,100 / mo. Unit #2: 2 bed / 1 bath. Actual rent: $2,100 / mo. Pro Forma Rent: $2,100 / mo. Unit #3: 2 bed / 1 bath. Actual rent: $1,700 / mo. Pro Forma Rent: $2,000 / mo. Unit #4: 2 bed / 1 bath. Actual rent: $1,625 / mo. Pro Forma Rent: $2,000 / mo.

1721 North Fairfax Drive

Price: $1,950,000
Units Total: 16
Lot Size: 28,500
Living Area: 14,136
Year Built: 1963
Parking: 1
Days on Market: 36
Description: Great investment for this 16 units apartment! Each unit consists of 2 beds 1 bath with an average Square footage of 883 per unit. The property is right next to school. Great CASH FLOW! 100% Occupied. Very low maintenance cost. The owner recently remodel the units. There are 4 separate buildings, with 4 different address: 1721,1725,1729 and 1731 Fairfax Dr., San Bernardino, all 4 buildings are in the same parcel. Each building has two stories and 4 units which is 2 units up and 2 units down. Each unit has one covered carport. Landlord pays for water and trash. Tenants pays for gas and electricity. The property is to be sold AS IS. Please drive by only, the manager or tenants doesn’t aware the apartment is for sale. The onsite Manager receives $400 / month credit toward her rent. **** VERY HIGH CAP RATE 7.79% ****

Playa del Rey, 425 CULVER Boulevard

Price: $1,950,000
Units Total: 2
Lot Size: 2,501
Living Area: 3,302
Year Built: 1968
Parking: 0
Days on Market: 3
Description: NEWLY RENOVATED SILICON BEACH DUPLEX! TURN KEY – This is an amazing opportunity to acquire prime beach community property with upward income potential that will be delivered vacant. Property is just blocks away from the beach, trendy neighborhood restaurants and shops of the Playa Del Rey downtown, and a quick drive to all the best Westside beach communities such as Venice, Santa Monica, and Manhattan Beach. Property is Zoned C-4 with an R-1 overlay allowing for mixed use. Use this unique opportunity to rent units as office space or residential property, or make this your own single-family residence! Upstairs unit comprises 3br / 2ba, and a second unit with 1br / 1ba. Both units have beautiful large outdoor wooden decks with big views of the Ballona Wetlands nature preserve, the Marina Channel and Santa Monica Mountains. Live the California dream in this prime Silicon Beach community property!

Claremont, 133 West 9th Street

Price: $1,950,000
Units Total: 2
Lot Size: 16,924
Living Area: 4,884
Year Built: 1908
Parking: 6
Days on Market: 15
Description: IMPRESSIVE CRAFTSMAN STYLE HOME + 2-STORY SPANISH MEDITERRANEAN STYLE GUEST HOUSE. Perfectly sited in the heart of prestigious Historic Claremont Village near shops, colleges and Memorial Park. Exquisitely renovated inside and out. Solar powered for Green Energy Savings. Circa 1908 Main house approx. 3,800 sq.ft with spacious living and music rooms, formal dining room, expansive gourmet kitchen with stone counters, which opens to a large family room. 4 bedrooms + Den, 3 baths. Beautiful natural wood elements and architectural appointments throughout. Circa 1934 built newer renovated 2-story Guest house approx. 1,000 sq.ft with downstairs recreation room studio and upstairs guest suite with living room, bedroom, kitchen, bath, and view balcony. 3-car garage plus pool room bath + Driveway parking. Huge over 1/3 acre deep lot with salt water pool, spa and privacy (spans from 9th Street to 10th Street). This extraordinary one-of-a-kind property is perfect for entertaining and family fun gatherings. Zoned as Duplex but currently used as a single family home + guest house. One of the finest properties and most coveted locales in the city.

Canoga Park, 7357 VARIEL Avenue

Price: $1,949,000
Units Total: 10
Lot Size: 8,553
Living Area: 6,768
Year Built: 1959
Parking: Yes
Days on Market: 1
Description: The Mint is a 10-unit multifamily property that has been significantly upgraded in recent years. Situated on a corner lot less than one mile from Warner Center, the investment is available at a very attractive current CAP Rate and GRM when compared with similar sales in the area. The majority of the units have been heavily remodeled, which benefits a new investor’s immediate cash flow and maintenance expenses, while still leaving an opportunity to extend the renovation blueprint to the remaining units for future income growth. Among the interior improvements are new quartz countertops, new cabinets in both kitchens and bathrooms, new windows, new heaters, new flooring and baseboards, new lighting, new stoves, and new hood vents. The exterior and common area have also been extensively upgraded, with the current owner adding new landscaping, new exterior paint, and new concrete to the premises. An on-site laundry room provides an additional income stream for the new investor.

1801 South HIGHLAND Avenue

Price: $1,920,000
Units Total: 5
Lot Size: 6,244
Living Area: 5,174
Year Built: 1928
Parking: Yes
Days on Market: 8
Description: We are pleased to offer for sale a five-unit apartment property at 1801 S. Highland Avenue in the highly sought-after Mid-City district of Los Angeles, CA. The property boasts a diverse unit mix of 1 one-bedroom / one-bathroom unit, 2 two-bedroom / one-bathroom units, 1 three-bedroom / one-bathroom unit, and 1 four-bedroom / two-bathroom unit, all within a 5,174 square foot building situated on a corner lot. Within the past year, the property has been extensively upgraded throughout. Exterior and common area improvements include new landscaping, new exterior paint, and new light fixtures. Select individual units were repositioned via high-end amenities such as in-unit washer / dryers, new kitchen cabinets with quartz countertops and glass backsplashes, new stainless steel appliances, new ceramic tile and wood laminate flooring, and new drywall with updated paint. Improving both energy efficiency and general tenant comfort are the new double pane windows and new energy efficient light fixtures