Residential Income, California | Page 9 -001-11-30T00:00:00-08:00
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Newport Beach, 5119 River Avenue

Price: $2,750,000
Units Total: 2
Lot Size: 2,762
Living Area: 2,934
Year Built: 1963
Parking: 4
Days on Market: 4
Description: This is the first time this property has been on the market in 35 years! Property is located 3 houses from the beach. Don’t miss this over-sized beach-close duplex with a 2 car garage and a driveway allowing for lots of parking. The two units are stacked, one on the first floor and one on the second floor. The downstairs unit has 2 bedrooms and 2 baths, it has some improvements throughout but has not been fully remodeled. The kitchen is open to the living and dining area making for a modern floorplan. There is a sliding door that opens to a small yard area in the back. The upstairs is a model match for the downstairs except it has one more extra large bedroom over the garage. The 3rd bedroom is large enough to make a 3rd unit as a studio apartment (with the city’s permission of course) and has a separate entrance. These units are currently been rented yearly on month to month leases, keep them that way for steady income or go for the big money with weekly rentals! Don’t miss this opportunity! 5119river. Com

Bell Gardens, 5825 Florence Avenue

Price: $2,750,000
Units Total: 30
Lot Size: 10,163
Living Area: 853
Year Built: 1942
Parking: 0
Days on Market: 145
Description: Garden Trailer Park is located at 5825 E. Florence Ave. Bell Gardens, Ca 90201 and is a 27 spaces trailer home park. This is a great re-development opportunity in the city of Bell Gardens! With great street frontage and high visibility. The park is just around the corner from the Bicycle Casino and near other big box retailers and chain restaurants. The property is perfect for a developer who has experience with projects in dense infill areas. The property is serviced by city water and sewer utilities. Electricity and Gas is sub-metered and paid by the tenants. The park pays for the water, trash and sewer. The park consists of Four parcels . The property contains of 2 shops in the front one in Barber Shop and the second is party supplies. The property also comes with a billboard which is on month to month agreement. A coin laundry and a 2bed / 1 bath house in the back. This won’t last collecting near $24,000 / per month

Santa Monica, 1902 MONTANA Avenue

Price: $2,749,000
Units Total: 4
Lot Size: 6,009
Living Area: 3,237
Year Built: 1939
Parking: Yes
Days on Market: 112
Description: This is what you have been waiting for! Once in a lifetime opportunity to own a RARE and charming fourplex located on Montana Avenue, Santa Monica’s most desirable and sought-after street. Walk to all the trendy shops and restaurants. The complex is situated on a 6,000 sq / ft corner lot w / 3,237 sq / ft of livable space along with 4 enclosed garages, 5 parking spots, and plenty of street parking. Owners unit will be delivered vacant and possibly a 2nd unit, making this the perfect owner / user or a fantastic opportunity for a savvy investor (value-add opportunity). If you are looking for a development opportunity, the property is zoned SMR2*, which would allow you to build town homes or one massive luxury single family home. All units are situated around a beautiful courtyard w / fruit trees and garden. 2 upstairs units have private balconies and each lower unit has their own outdoor space. Owners unit has a huge 95 sq.ft storage room and complex has new sewer line. Don’t miss out on this RARE opportunity!

312 North MATHEWS Street

Price: $2,700,000
Units Total: 10
Lot Size: 9,369
Living Area: 6,726
Year Built: 1925
Parking: 0
Days on Market: 117
Description: We are pleased to offer this ten (10) unit multifamily investment offering, located in the City of Boyle Heights. The subject property is constructed of wood frame and stucco in 1925, with approximately 9,726 rentable square feet on a 9,370 square foot lot. The asset is comprised of one two-story structure, with a unit mix consisting of seven (7) 2 + 1 units, one (1) 3 + 1 unit, and two (2) single family residences. The investment boasts spacious floor plans, new roof (2015), updated aluminum windows, new copper plumbing, recently painted, and separately metered for gas and electricity. The property is not subject to the City of Los Angeles Soft-Story Retrofit Program.

Santa Monica, 1537 Centinela Avenue

Price: $2,700,000
Units Total: 7
Lot Size: 7,887
Living Area: 7,156
Year Built: 1969
Parking: 8
Days on Market: 165
Description: 7 Unit Colonial building in a great Santa Monica 90404 with excellent potential. 6 Units are 2 + 2 with fireplaces and many upgrades. 2 large garage for 4 cars and a carport for 4 additional cars for the total of 8 cars.

Hermosa Beach, 123 34th Street

Price: $2,700,000
Units Total: 2
Lot Size: 2,554
Living Area: 2,380
Year Built: 1961
Parking: 3
Days on Market: 90
Description: Prime location, just half a block from the beach! Tear-down with approved plans to build, subject to inspection. Older duplex with a 3-bedroom, 2-bathroom unit upstairs and a 2-bedroom, 1-bathroom unit downstairs. The 2-car garage is assigned to the 3-bdrm unit and the 1-car garage is assigned to the 2-bdrm unit. Amazing opportunity to build a modern Zen dream home, designed by Luis de Moraes of EnviroTechno Architecture. Current rent is low because tenants have lived on the property for many years.

Studio City, 4293 TUJUNGA Avenue

Price: $2,699,000
Units Total: 2
Lot Size: 13,072
Living Area: 2,796
Year Built: 1946
Parking: Yes
Days on Market: 62
Description: Best location- development site. Properties 4293,4295,4297,4299 included in purchase price. Lots total 13,072, one tenant on property. Property being sold for land value. Plans to remodel the two story building can be included. Rear unit in the one story has been remodeled. Close to Tujunga Village, Ventura Blvd and the 101 Freeway.

Venice, 239 3RD Avenue

Price: $2,695,000
Units Total: 4
Lot Size: 6,436
Living Area: 3,398
Year Built: 1953
Parking: Yes
Days on Market: 264
Description: UPDATE: $100,000 price reduction and a second 2bed unit is now also vacant. Now there are 2 vacant units and a lot of flexibility and options. Fantastic fourplex for sale in prime Venice Silicon Beach location 1/2 block from Rose Ave. One unit is currently vacant and can be delivered vacant or with a new tenant in place, per buyer’s preference. Located just blocks from world-class eateries, shopping, Whole Foods market, Main Street, Venice Boardwalk and the beach. Four detached single-car garages. Additional income potential from two 1-car garages which are to be delivered vacant. Rents are well below market, so there is tremendous value-add and / or re-development opportunities.

Playa del Rey, 333 CULVER Boulevard

Price: $2,695,000
Units Total: 2
Lot Size: 2,650
Living Area: 2,000
Year Built: 1949
Parking: 0
Days on Market: 14
Description: The TRIPEL Restaurant is currently the LAC-4 tenant on this property. Grandfathered valet parking, Beer / Wine Liquor License. The back building is a private office apart from the restaurant business. Well situated in a popular location and the current tenant has a lease to continue the current business. This is a good opportunity to acquire a Silicon Beach Community property in Downtown Playa Del Rey. Nestled in close proximity to Playa Vista, Manhattan Beach, Culver City and Marina Del Rey. Good pedestrian and walk-in traffic on a street with over 200,000 vehicles a week. Close to LAX, Transportation, Public Parks and of course, the beach

101 South DETROIT Street

Price: $2,679,000
Units Total: 2
Lot Size: 7,383
Living Area: 4,737
Year Built: 1933
Parking: Yes
Days on Market: 27
Description: Beautiful, fully renovated Spanish Duplex on massive corner lot with off street garage parking for 8 cars near La Brea and Beverly shopping and diningThis classic masterpiece has been meticulously updated with new paint, new foundation, new waste lines, new plumbing, new roof, new electrical system, new central AC and all new ducting, new wrought iron details, new windows, new doors, new baths with Carrera and Calacatta marble style stone, free standing bathtubs, stand up showers and shaker vanities, new shaker kitchens with top of the line GE SS appliances and farm door pantry, amazing snowy pine floors. There are a total of 3 large bedrooms and 3 baths. Massive Living room with fireplace, formal dining room, office, formal breakfast room, and laundry room, porch and utility closet. These units are massive and have amazing views. They are both vacant ready for move in

Los Angeles, 2237 Carlyle Place

Price: $2,650,000
Units Total: 7
Lot Size: 75,914
Living Area: 7,081
Year Built: 1984
Parking: 7
Days on Market: 331
Description: There are 7 units on a lot with 360 degree view of hill top. Current income is $10,850 a month but the potential is tremendous. 2235 Carlye Pl, 2236 Carlyle Pl, 2241 Carlyle Pl and 2245 Carlyle Pl are four adjacent Prime Hilltop Estate in Los Angeles. 1) 2236 Carlyle Pl has Lot 23147 sq.ft 2) 2237 Carlyle Pl has 2966 Living sqft and 21000 sq.ft lot 3) 2241 Carlyle Pl has Quadruplex has 3183 sq.ft and 24,507 sq.ft Lot 4) 2245 Carlyle Pl has 932 sq.ft and 7260 sq.ft.

Los Angeles, 12757 MATTESON Avenue

Price: $2,650,000
Units Total: 5
Lot Size: 7,101
Living Area: 3,844
Year Built: 1962
Parking: Yes
Days on Market: 118
Description: Best existing cap rate in this part of Mar Vista + best unit mix + ample parking + two completely redone units + 32% upside in rents = Best Deal IN 90066. Close to Venice, “Silicon” Beach, and Playa Vista. Perfect for an owner-user or investor, there are 2 buildings w / 5 total units. In front is a 4-bed / 2-bath house with tandem parking for 2 cars, accessed from Matteson. The rear building features four 2-bed / 1-bath units and 4 parking spaces, accessed from the alley. Two units have been immaculately redone in the rear building. The buildings are separated by a courtyard w / a BBQ area and separate seating area. An owner can add a partition to the front house to create privacy from the back units. Many units have updates but there is opportunity to rehab the front house or add a second story to add tremendous upside in rents. The property is zoned R3, so a second story can maybe potentially be added to the front house per zoning (seller makes no warranty).

West Hollywood, 8812 RANGELY Avenue

Price: $2,650,000
Units Total: 4
Lot Size: 4,934
Living Area: 4,334
Year Built: 1929
Parking: Yes
Days on Market: 119
Description: Prime “West West Hollywood” location. Classic 2 story character Spanish. Quiet, tree-lined street. Units have great charm with hardwood floors and tiled baths. Unit #4 has large bath converted from a bedroom and a rooftop deck over the studio and laundry room. Spa on rooftop deck and spa in rear of building for tenants use. Unit 2 can be delivered vacant.

Newport Beach, 1520 Abalone Place

Price: $2,650,000
Units Total: 2
Lot Size: 2,614
Living Area: 2,090
Year Built: 1972
Parking: 3
Days on Market: 141
Description: Little Balboa Island duplex one house to the water, fully remodeled in 2016, is ready for its new owner! This premier property is on a corner lot with a new private elevator that accommodates a walker. The main house is an open great room plan filled with natural light and a harbor view down the street through the large picture window! The chef’s kitchen has all you need to entertain with ease. Granite counters throughout the house. Designer perfect 3 bedrooms are all en suite with walk in closets. The master suite is beautifully spacious and has custom built-ins for loads of storage. Enter the gorgeous master bath with dual sink basins, rain shower and soaking tub. The other two bedrooms are equally wonderful with full baths and walk in closets. Amenities simply unheard of in a duplex on the little Island. The elevator will carry you from entrance to living area with ease. This main house is structurally set up for a roof deck should you desire more outdoor living space and views! The rear unit is equally beautiful, light and open. One bedroom with a full bath, its so comfortable you would never know you were in a rear unit. Each unit has air conditioning, washer and dryer, new double pane windows, separate outdoor living spaces and much more.

Van Nuys, 14228 SYLVAN Street

Price: $2,649,000
Units Total: 5
Lot Size: 8,749
Living Area: 9,600
Year Built: 2017
Parking: 0
Days on Market: 48
Description: BRAND NEW 2017 CONSTRUCTION in trendy and booming Van-Nuys district HUGE 9600 sq.ft. Property is comprised of 3 separate buildings, a single family in the front that encumbers 5 bedrooms and 3 1/2 baths (1,859 sq.ft) and two duplexes in the back each a 3 bedroom and 3 bath with attached parking for two cars and each building is a 3 story structure. Very spacious and HUGE square footage for each unit with washer and dryer hookups, luxurious kitchen with center island, gorgeous bathrooms with superior tile and large windows for maximum light. The property is in its final stages of construction so hurry up to get your offer in before the competition heats up.

La Habra, 141 South Idaho Street

Price: $2,600,000
Units Total: 8
Lot Size: 15,108
Living Area: 7,323
Year Built: 1963
Parking: 8
Days on Market: 63
Description: The property has a desirable unit mix which consists of (8) large two bedroom / one bathroom units totaling 7,323 sq.ft, built on a 15,108 square foot lot. The building has recently gone through over $250K of interior and exterior renovations. Some renovations include, but are not limited to: new roof, new carports, new decks, new windows, and new interiors. All units are separately metered for gas and electricity. Tenants also enjoy on-site parking and an on-site laundry room. The location offers high visibility in an area known for its strong tenancy, good rent growth, and a historically high occupancy rate.

Los Angeles, 10706 Ohio Avenue

Price: $2,600,000
Units Total: 5
Lot Size: 6,956
Living Area: 3,959
Year Built: 1931
Parking: 5
Days on Market: 50
Description: Rare opportunity! Westwood hunters: you know that cross Ohio and Manning is THE PRIME location. You can have this well-maintained 5 unit apartment building as your income property, or you can live in the decently capacious unit of 2 beds, 2 baths, nestled at the second floor with a huge balcony and lease the other four units. Also there is a possibility to build an eight-unit apartment building on its almost 7000 Sq. Ft. R3-zoned lot. All in one; quiet neighborhood, blocks away to Santa Monica Blvd, streets away from 405, walking distance to amazing restaurants on Westwood Blvd, 5 minutes to UCLA and Westwood Village, 10 minutes to Century City and less than 25 minutes to Santa Monica Pier and LAX. Don’t look around anymore, nothing in the market could compete with this amazing property in terms of location, income and its potentials. Act Fast! Won’t Last!

1033 North LA JOLLA Avenue

Price: $2,600,000
Units Total: 3
Lot Size: 6,550
Living Area: 2,639
Year Built: 1925
Parking: Yes
Days on Market: 98
Description: Great investment opportunity or amazing owner / user opportunity. This classic 1928 Spanish Triplex has been renovated and updated for the 21st Century while retaining its original charm. The front house 2 Bedroom / 2 Bathroom units are light and bright, spacious with hardwood floors. The downstairs unit has been extensively renovated with recessed lighting, glazed windows, new flooring, new plumbing, new electric, and a larger second bathroom. There is a deck off of the downstairs unit that opens to the serene landscaped backyard. The back studio is located next to three storage units and enjoys access to the peaceful backyard. A rare find in a prime Los Angeles neighborhood that is located near shops, restaurants, and nightlife.

Laguna Beach, 391 2nd Street

Price: $2,600,000
Units Total: 2
Lot Size: 2,614
Living Area: 1,011
Year Built: 1939
Parking: 2
Days on Market: 39
Description: Charming 2-unit cottage investor gem in the heart of downtown Laguna Beach, walking distance to the beach, shopping and local restaurants. Property includes private parking spaces. This delightful property is currently grandfathered for use as residential income, zoning allows for commercial conversion with great location in high traffic area.

Santa Monica, 1824 10TH Street

Price: $2,599,975
Units Total: 5
Lot Size: 7,495
Living Area: 4,000
Year Built: 1952
Parking: Yes
Days on Market: 272
Description: Excellent investment opportunity located in the upscale Santa Monica neighborhood of Los Angeles. Each unit has undergone renovation which includes hardwood floors, granite counter tops, thankless water heaters, private patios, air conditioning units and wooden pitched ceilings. This property has a healthy walk-ability score of 83. A five minute drive to downtown Santa Monica and a fifteen minute walk to the Santa Monica College. This large lot includes 2 detached houses and 1 triplex, unit 5 is brand new house 1 bd 1 ba with all permits. PLEASE NOTE: All Units May Be Delivered Vacant. Agent Remarks: SHOWING WITH ACCEPTED OFFER ONLY. Rent is based on furnished units, unfurnished will be actual rent.

Los Angeles, 1153 LILLIAN Way

Price: $2,599,000
Units Total: 10
Lot Size: 7,282
Living Area: 6,124
Year Built: 1953
Parking: Yes
Days on Market: 8
Description: Mid Century Multi Family 2 Story Complex consisting of 9 1brs and 1 studio. Very well maintained property with good tenants. More the 50% upgraded units, all units have beautiful hard wood floors, high ceilings with crown molding. Beautiful Bougainvillea cascades between floors of the building giving a homey atmosphere for the tenants. Long driveway leads to parking in the back. Very quiet street yet close to everything hollywood has to offer. No access to buildings across the street.

Santa Monica, 1307 BERKELEY Street

Price: $2,595,000
Units Total: 4
Lot Size: 7,880
Living Area: 0
Year Built: 1931
Parking: 0
Days on Market: 85

Santa Monica, 1824 South 17TH Street

Price: $2,595,000
Units Total: 5
Lot Size: 7,507
Living Area: 4,777
Year Built: 1965
Parking: Yes
Days on Market: 106
Description: Excellent investment opportunity in prime Santa Monica. A Short walk from Santa Monica College, the beach, and all the area has to offer. Three units fully updated with new floors, cabinets, quartz countertops and stainless steel appliances. Hookups in unit. Already a 3% CAP grossing over $140,000 with upside possible. (4) 2bd 1 ba units (1) detached 3bd 1.5 bath with private yard, driveway parking, detached garage / workshop / creative studio space. Great income and high appreciation area. DO NOT DISTURB TENANTS. SHOWING WITH OFFER AND PROOF OF FUNDS. Contact agent for marketing package and details.

Los Angeles, 6858 LOS ALTOS Place

Price: $2,595,000
Units Total: 2
Lot Size: 6,076
Living Area: 4,427
Year Built: 1929
Parking: Yes
Days on Market: 14
Description: Unique opportunity to own a historic Spanish Estate in Hollywood Heights. Classic 1929 vintage duplex with commanding views of Hollywood from almost every room. The estate offers two structures with their own unique floorplans but function together as either a private family compound, a lucrative investment opportunity or a combination of the two. Buyers will appreciate the quality finishes and attention to detail as they walk through. Both structures feature large living rooms with vaulted ceilings, large dining rooms, and updated kitchens with Thermador ranges and Bosch dishwashers. The master bedrooms have large closets with inviting city views and balcony. This gated estate also boasts a large driveway with ample private outdoor parking as well as 4 private single car garage spaces Conveniently located near Runyon Canyon, Griffith Park, The Hollywood Bowl, Award Winning Restaurants, and Entertainment – this is a unique opportunity to enjoy all the amenities Hollywood has to offer.