Residential Income, California | Page 1 -001-11-30T00:00:00-08:00
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Santa Monica, 901 3rd Street

Price: $25,000,000
Units Total: 32
Lot Size: 15,021
Living Area: 38,918
Year Built: 1973
Parking: Yes
Days on Market: 94
Description:

Los Angeles, 920 South Hill Street

Price: $25,000,000
Units Total: 239
Lot Size: 22,935
Living Area: 190,903
Year Built: 2017
Parking: 328
Days on Market: 355
Description: The Hill Street Lofts project is located on South Hill Street between 9th St. And Olympic Blvd. In the trendy Historic Core district of Downtown Los Angeles. Currently Joe’s Parking, the site is fully entitled for the ground-up construction of a 340 ft. High-rise mixed use project consisting of 239 condominiums and 5,405 sq. Ft. Of rentable retail space. Amenities include: North and South 7th Floor Amenity decks, pool and roof decks, gym and helipad. All 239 units have 50 sq. Ft. Balconies. 6 level above ground and 1 level subterranean parking garage with 328 parking spaces and 214 bicycle spaces. Parcel situated adjacent to The Ace Hotel, The Stocking Frame, Crossfit 213 and a short walk from the best Downtown LA has to offer. Unit Breakdown: Studio: 15 units 1 bedroom: 112 units 2 bedroom: 108 units 3 bedroom: 4 units Zoning: [Q] R5-4D Lot Area 22,935 Floor Area Ratio 6: 1 (137,610 sq. Ft.) Maximum Floor Area Ratio: 13: 1 (298,155 sq. Ft.)

Los Angeles, 957 South Broadway

Price: $25,000,000
Units Total: 163
Lot Size: 20,663
Living Area: 184,705
Year Built: 2017
Parking: 221
Days on Market: 356
Description: The Broadway is a high-rise mixed use development situated on the northwest corner of Broadway and Olympic Boulevard in the hip Historic Core, one of the most exclusive districts in Downtown Los Angeles. The 20,663 sq. Ft. Lot is fully entitled for the construction of a 166 ft., 15 story residential condominium building offering 163 condominium units and a rooftop pool and gym. Approved project plans feature: – Four (4) level subterranean parking garage offering 221 car parking spaces and 202 bicycle spaces – 50 sq. Ft. Balconies on most units in the complex – 4,920 sq. Ft. Of street level retail space – Neighborhood destinations are: The Ace Hotel @ 929 S. Broadway United Artists / The Theatre at Ace Hotel @ 933 S. Broadway Umami Burger Broadway @ 852 S. Broadway Orpheum Theatre @ 842 S. Broadway Zinque Restaurant @ 939 S. Broadway (opening early 2018) Staples Center, LA Live, LA Convention Center, Whole Foods, The Bloc, Grand Hope Park, Pershing Square and the LA Fashion District all within 1 mile radius. Unit Breakdown: 1 Bedroom: 119 units 2 bedroom: 44 units Planning Data: APN: 5139003007,5139003008,5139003009 Zoning: [Q] C2-4D-CDO Interest Offered: Fee Simple Floor Area Ratio: 8.9: 1 (184,705 sq. Ft.) Maximum Floor Area Ratio: 13: 1 (268,619 sq. Ft.)

Arcadia, 855 West Huntington Drive

Price: $15,750,000
Units Total: 42
Lot Size: 55,507
Living Area: 34,972
Year Built: 1953
Parking: 66
Days on Market: 18
Description: Huntington Place – 855-875 W Huntington Drive is a prominent 42-unit value-add apartment community located in the highly desirable City of Arcadia, CA. This offering presents an extremely rare opportunity for investors to acquire one of largest apartment community in the affluent City of Arcadia, CA. The property is being offered as one of the highest CAP Rate and lowest GRM in comparison to Arcadia multifamily sales comparable in the past 12 months! The property is unique due to its size and its superb location just a block away from the highly popular Westfield Santa Anita Mall and Santa Anita Race Track, providing unparalleled access to some of the main attractions in the West San Gabriel Valley submarket. The property is located within the prestigious and desirable Arcadia Unified School District and enjoys superb demographics of $110,749 average household incomes within a 3-mile radius. It is surrounded by newer townhomes on its east and west side, and single-family residential community on its north side. The property is a two-story garden style apartment community with a beautiful center courtyard and ample parking in both the front and back. It was built in 1953 and has a total of ±34,972 sq.ft of building area on an oversized lot of ±55,503 sq.ft. The property consists of 3 different parcels and buildings.

Bellflower, 10062 Belfair Street

Price: $15,300,000
Units Total: 0
Lot Size: 5,833
Living Area: 43,508
Year Built: 1953
Parking: 0
Days on Market: 62
Description: PORTFOLIO OF 30 SINGLE FAMILY HOUSES located in Long Beach, Carson, Downey, Norwalk, and Lakewood. Fully rented Average valuations range from $400,000 to $600,000 CLICK ON SUPPLEMENTS FOR COMPLETE PORTFOLIO

Los Angeles, 2656 ELLENDALE Place

Price: $13,000,000
Units Total: 24
Lot Size: 20,700
Living Area: 20,804
Year Built: 1963
Parking: 0
Days on Market: 108
Description: This listing includes two 12 unit buildings located at 2652 and 2656 Ellendale Place. The buildings are located in the University Park Area of USC, the most sought after student housing area at the school, and within walking distance to the campus, local shops and restaurants. The property amenities include: BBQ / Picnic area, bicycle racks, on-site laundry, gated parking for 38 cars and controlled security access. The unit amenities include: air-conditioning, dishwashers, microwaves, garbage disposals, refrigerators, 2 mini-refrigerators, quartz countertops, pedestal sinks in bathrooms, flat screen televisions, internet / basic cable, ceiling fans and hardwood-style flooring.

1520 North El Camino Real

Price: $12,950,000
Units Total: 22
Lot Size: 20,489
Living Area: 28,311
Year Built: 2010
Parking: 58
Days on Market: 83
Description: Venetian Villas – Located in a premier beach city in Orange County, 1520 N. El Camino Real (Coast Hwy) is an extremely rare investment opportunity to own 22 condo mapped residential mixed-use units in North Beach San Clemente. Built in 2010, this Ole Hanson / Spanish design inspired building, features sixteen (16) spacious 2 bedroom 2 ½ bathroom villas and six (6) ground floor commercial suites. Each residential villa is well-appointed with gourmet kitchens, spa-inspired baths, resort-style bedrooms, in-unit laundry, private patios with mountain, city and ocean views. Relax and enjoy the rooftop lounge / observation deck with panoramic Pacific Ocean and Sunsets views. Elevator service whisks you to / from secured / gated parking structure to each / all floors. A short stroll to the beach, walking trails, dining, Metro Transit Station and ample shopping at the recently completed Outlets, the high Walk Score location (73) presents a uniquely rare opportunity to own a high-quality asset, capitalize on below market rents / built-in intrinsic value, and benefit from the high demand for Orange County Lifestyle Living on the coast.

Los Angeles, 4353 West 5TH Street

Price: $12,000,000
Units Total: 24
Lot Size: 13,374
Living Area: 25,435
Year Built: 1929
Parking: Yes
Days on Market: 74
Description: Chateau Laurier is a grand 4 story French Normandy building steeped in Hollywood lore. Designed by famed Hollywood architect Leland A. Bryant. Who designed the Sunset Tower Hotel and many other iconic LA buildings. Typical apartments have 9′ ceilings, arched doorways, crown moldings, hardwood floors, large fireplace mantels. The penthouse apartments have 18ft – 25ft cathedral ceilings and carved turret rooms. Chateau Laurier is a limited access building, with subterranean parking. Two beautiful original wood panel elevators with original oil paintings have been restored. Tenants enjoy the gorgeous views and close proximity to Hollywood, Koreatown and Downtown LA. Situated next to Hancock Park and less than 5 blocks from Wilshire / Western Metro Station. PURCHASE PRICE INCLUDES 453 S. Wilton (“The Durbin”).

Los Angeles, 2130 FAIR PARK Avenue

Price: $11,795,000
Units Total: 36
Lot Size: 22,491
Living Area: 43,200
Year Built: 1971
Parking: 0
Days on Market: 15
Description:

401 West Glenoaks Boulevard

Price: $11,690,000
Units Total: 40
Lot Size: 31,030
Living Area: 16,620
Year Built: 1956
Parking: 42
Days on Market: 32
Description: PACIFICA GLENDALE is a 40-unit value-add apartment community in the highly-desirable city of Glendale, California. This offering presents a rare opportunity for investor to acquire a well located, non-rent-controlled apartment community with rental upside in one of the strongest sub-markets in the Los Angeles County. The property is a two-story garden style apartment that was built in 1956 and has undergone a partial renovation in the past several years. It is comprised of two buildings with center courtyard and situated on a large 31,005 sq.ft lot size. It offers an attractive unit mix of eight (8) x 1 bedroom + 1 bathroom and thirty two (32) x studio units. Each unit is separately metered for electricity. It has many amenities such as an enclosed / private pool area with a sundeck, barbecue area in the back, bike rack, security cameras, intercom and gated entrance, and two laundry facilities. It has 42 assigned open spaces parking in the front. The 2 extra parking spaces could be rented out for additional parking income. Pacifica’s unit mix is very advantageous as it serves a niche market compared to other apartments in the area. Because of the significant upward movement in rental rates due to many luxury units completed in the past 24 months, Pacifica Glendale provides tenants with amenity rich apartment at a more affordable rate compared to nearby luxury communities.

Los Angeles, 6871 FRANKLIN Avenue

Price: $11,500,000
Units Total: 30
Lot Size: 15,432
Living Area: 18,155
Year Built: 1958
Parking: 0
Days on Market: 30
Description: The Hollywood Cozmo is a well maintained 30-unit apartment building located in Prime Hollywood Hills neighborhood. This courtyard style building, built in 1959, is situated on the corner of Franklin Avenue and Orchid Street steps from all the trendy restaurants, shops, and entertainment that Hollywood / Highland has to offer. The subject property sits on a large 15,000 sq.ft lot and consists of almost all 1-bedroom units. This remodeled building has all the charm of a 1950’s building and offers tenants the opportunity to live in the heart of Hollywood. The Hollywood Cozmo is pride of ownership property consisting of new cooper plumbing, windows, electrical. In addition to the A + location, the property offers mostly remodeled units with nice landscaped grounds, pool, courtyard, Fujitsu AC / heater, 27 Parking Spaces, and on-site laundry facility. Investors should view this as a rare opportunity to own a charming 30-unit apartment building in an extremely desirable Hollywood Hills location.

Los Angeles, 4080 REDWOOD Avenue

Price: $11,250,000
Units Total: 29
Lot Size: 23,846
Living Area: 17,088
Year Built: 1958
Parking: Yes
Days on Market: 9
Description: 3 Contiguous lots being offered with 29 units combined as a development opportunity in prime Silicon Beach and Del Rey art district. 23,846 sq.ft combined lot size situated in the midst of some of the largest developments underway in Los Angeles. Potential to build a large apartment complex or condo’s in one of the most sought-after area’s close to Playa Vista, Marina Del Rey and Venice Beach. This asset is currently comprised of 29 unit rental property with a mix of 7 studios, 8 (1 + 1) 13 (2 + 1) and 1 x 3 bd unit and 34 parking spaces. Rent raises are due in November and a current total GI of $457,331.00 annually still making this a financeable property in its current use. Historically a low vacancy area with high demand for rental units. Google, Snapchat, Yahoo, and Tesla to name a few of the surrounding companies calling Silicon beach their home along with new developments underway with movie theaters, world class Restaurants and shopping within walking distance.

Newport Beach, 900 East Oceanfront

Price: $11,000,000
Units Total: 6
Lot Size: 6,534
Living Area: 5,850
Year Built: 1971
Parking: 6
Days on Market: 84
Description: 6 Oceanfront 2 bedroom 2 bath apartments. Recently remodeled and furnished. Parking 1 space per unit. 70′ wide lot. Rented weekly, monthly or yearly by White Sail Realty management company. Must be purchased with 916 E Oceanfront and 919 E Balboa which are contiguous lots with mutual easement. Each lot has two 3 bedroom 2 bath units with parking. See NP18048168.

Newport Beach, 224 20th Street

Price: $10,995,000
Units Total: 3
Lot Size: 5,227
Living Area: 5,700
Year Built: 1964
Parking: 7
Days on Market: 92
Description: This extremely rare Balboa Peninsula Bayfront triplex has one of the most spectacular Newport Harbor, Fashion Island, Saddleback mountain, and city lights views in Newport Beach. With over 5,700 sq.ft of living space, this property has three full levels of living that is highlighted by the handsome 3,000 square foot owner’s unit; it features panoramic vistas, a living room with a dual sided fireplace, dining area, family room, a generous-sized kitchen with maple cabinetry, stainless steel appliances and granite countertops; a luxurious master suite with a fireplace, his and hers baths, two additional bedrooms with ensuite baths, a powder bath, laundry room, an office work area and a unbelievable rooftop deck with “jaw dropping” views and a jacuzzi. The two lower level units each have three bedrooms, two baths, fireplaces, great rooms with galley kitchens, a shared laundry facility, and big harbor vistas. The property features 48’of bayfront, a private pier and slips for two boats including a 70’; a 3-car tandem garage for the owner’s unit and two 2-car tandem garages each designated to the lower units. Located on a quiet street within easy walking distance of all of the fun of Newport Beach including the Newport Pier with its world-famous boardwalk, Blackies surfing beach, and great restaurants and nightlife. This property is perfect for an owner who seeks an “up or down leg” to a 1031 exchange, or for the owner who wants a luxurious owner’s unit and great rental income.

Santa Monica, 728 MONTANA Avenue

Price: $10,500,000
Units Total: 9
Lot Size: 13,506
Living Area: 8,412
Year Built: 1999
Parking: Yes
Days on Market: 43
Description: We are proud to present to market “Montana@Lincoln Crossing”, a prominent Mixed Use asset located in the eternally hip city of Santa Monica along the fabled Montana Ave at the intersection with Lincoln Blvd. The asset is composed of two parcels: one that is the corner property that is 60 ft fronting Montana and 100 ft fronting Lincoln; and, a second that is 50 ft by 150 ft used for parking that is primarily entered off of Lincoln with an alley access to Montana. The 3 ground level retail spaces have mostly 5-year leases with extendable terms providing a high degree of income security. The 6 residential studio loft units above on the 2nd level have high ceilings and large private balconies, presenting a potential upside opportunity by realizing market rents in these premium units. 4 of the 6 units are not subject rent control. CALL FOR OFFERS on May 18.

Temecula, 36506 Via Verde

Price: $9,999,999
Lot Size: 430,373
Living Area: 16,000
Year Built: 1987
Parking: Yes
Days on Market: 114
Description: This established operating winery is located right on the De Portola Wine Trail in the very heart of the Temecula Wine Country. There are over thousands of wine club members and the winery has a fine reputation as an entertainment venue. A jazz band plays at the spacious covered patio overlooking the valley on weekends. This winery is a very popular location for weddings, family reunions and corporate events. Being the only dug-in wine cave into the hill in Southern California, the wine cave has over 10,000 sq.ft of indoor space to hold parties. The current annual production is about 9,000 cases and the wines have won several leading awards. There are 10 acres of land with the following grape varietals planted since 2005: 1.3 acres Merlot, 1.25 Pinotage, . 279 Mourvedre, . 465 Primativo, . 397 Petite Verdot, . 3 Petite Sirah, 1.25 Cabernet Sauvignon, 1 Malbec and 2.2 Cabernet Franc. The winery business has all the licenses required to operate and is in a sound financial footing. Along with wine-making equipment, there is also a kitchen to cater food for the events held on site.

Venice, 600 VENICE

Price: $9,950,000
Units Total: 2
Lot Size: 8,061
Living Area: 1,430
Year Built: 1956
Parking: Yes
Days on Market: 46
Description: LOCATION, LOCATION, LOCATION! Abbot Kinney Development Opportunity. Now available to purchase this property on the highly visible corner, intersecting world famous Abbot Kinney Blvd and Venice Blvd. Zoned M1, this 8,000 + sq. Ft. Lot with a 2,000 sq. Ft. Structure is a landmark location on the Westside of Los Angeles. It boasts ample foot traffic and parking for over a dozen cars. This is an extremely rare opportunity. The building is currently leased by Zinque restaurant. Possible development for a 12,000 square foot building.

9949 Sepulveda Boulevard

Price: $9,900,000
Units Total: 42
Lot Size: 37,462
Living Area: 32,162
Year Built: 1979
Parking: Yes
Days on Market: 120
Description: SOLID INCOME UPSIDE! The Montecito North and South is a 42 unit Non Rent Controlled Apartment Community in Mission Hills (Los Angeles) California. Consisting of two separate buildings and lots, 9949 Sepulveda is a 23 unit apartment building and 9969 Sepulveda is a 19 unit apartment building. Both properties have had the earthquake retrofit work completed. Featuring Studios, One Bedroom (3 are Townhouses), Two Bedroom One and Two Bath the unit mix is well balanced. Each building has a laundry room and there are a total of 81 parking spaces, both tuck under and open, for the tenants. Tremendous rental upside exists as The Montecito North and South can have unit interiors upgraded and rents increased.

Los Angeles, 2731 BEVERLY

Price: $9,899,000
Units Total: 65
Lot Size: 6,827
Living Area: 24,795
Year Built: 1927
Parking: Yes
Days on Market: 51
Description: Gorgeous prominent 4 story property in the heart of LA zoned as Hotel and being operated as residences. The property sits in the emerging Westlake District near Downtown LA. The area is referred to as “Rampart Village” and is quickly becoming the new Echo Park and Silverlake. This property has undergone major renovations including new copper plumbing, new waste lines, updated electrical system, restored lobby and common areas, updated windows, and many renovated units. The units are large bachelors with full bathrooms and small kitchenettes. These units are bright and have city views. The units rent like hotcakes. This is the perfect “VALUE ADD” deal as all the heavy lifting is done. As the units vacate a new owner will realize a substantial cash flow surge as the rents are 40% under value. Out of the 65 units – 30 units have been renovated!

Manhattan Beach, 2208 The Strand

Price: $9,750,000
Units Total: 4
Lot Size: 3,512
Living Area: 5,193
Year Built: 1972
Parking: 9
Days on Market: 121
Description: This is THE STRAND income property *HOLD or BUILD* opportunity you’ve been waiting for! On what is arguably the most coveted beach front street in Southern California, you’ll enjoy unprecedented appreciation with 100% year round tenancy! You can invest in capital improvements immediately (possibly significantly increase the finished square footage on the 3rd and 4th levels) and can always Build your Dream Home in the future! The existing 4 unit property has a combined 5193 interior sq ft with (3) 2 Bed, 2 Bath units and (1) 3 Bed, 2 Bath unit. Totaling 9 beds, 8 baths, and 9 covered parking spaces, this beachfront STRAND property will be rented year round at top of market rents! Current Gross rents $18,530 / mo or $216,800 / yr.

Venice, 2510 PACIFIC Avenue

Price: $9,250,000
Units Total: 12
Lot Size: 7,980
Living Area: 10,428
Year Built: 1971
Parking: 15
Days on Market: 331
Description: Located in the heart of Venice! 2504,2508,2510 PACIFIC AVENUE ARE THREE LEGAL 4 UNIT BUILDINGS ON THREE SEPARATE ADJACENT LOTS BEING SOLD AS ONE COMPLEX FOR $9,250,000. Each building consists of a studio / 1 bath, 1 bedroom / 1 bath, 2 bedroom / 2 bath, and 3 bedroom / 2 bath. 15 car carport parking. 9 of the 12 units have been completely remodeled. All units have new windows and new heating and air conditioning. Each building has a coin operated laundry room. Complex is fully gated with intercom system.

770 PASEO MIRAMAR

Price: $8,880,000
Units Total: 1
Lot Size: 20,766
Living Area: 7,000
Year Built: 2013
Parking: Yes
Days on Market: 56
Description: Rare opportunity to purchase this incredible income-producing property, currently leased for a PHENOMENAL $50K / MONTH (with an option to extend for up to 10 years). In addition, seller may work with BITCOIN / CRYPTOCURRENCY holders as a means of purchasing property (inquire with agent for more information)! This meticulously crafted and newly built Architectural home is designed by renowned architect Anthony Zubick, AIA. This gated and private 7 Bed, 9 Bath entertainer’s home offers unobstructed ocean views from the Queens Necklace to Downtown. A thoughtfully designed floor plan offers panoramic views from nearly every room. Chef’s kitchen featuring Wolf and Miele appliances seamlessly flows to dining and family rooms. Floating staircase leads to 4 bedrooms and a luxurious master wing w / dual closets, wrap around deck and world class master bath. Pocketing Fleetwood doors open to an expansive flat yard w / a full kitchen, pool and spa, fire pit, mature trees, and more. SMART HOME by Crestron.

Arcadia, 939 ARCADIA Avenue

Price: $8,800,000
Units Total: 22
Lot Size: 36,309
Living Area: 27,836
Year Built: 1961
Days on Market: 14
Description: The Carousel is a 22 unit multifamily property constructed in 1961 on a ±36,309 square foot R3 double lot, with a total building size of ±27,836 sq.ft. The well-maintained, neatly landscaped, two-story property is separately metered for electric, and offers intercom entry, a gated pool, an on-site laundry facility with two sets of washer / dryers, and an automatic parking gate. The Carousel boasts a highly desirable unit mix of two one-bedroom / one-bathroom units, one two-bedroom / one-bathroom unit, seventeen two-bedroom / two-bathroom units, and two three-bedroom / two-bathroom units. The spacious units offer individual water heaters, central air and heat, laminate, tile, and carpet flooring, electric stoves, dishwashers, and walk-in closets. Select units have ceiling fans, updated cabinets, granite countertops, and balconies / patios. The property is on a double lot with two APNs: 5783-004-079 and 5783-004-080.

Palm Desert, 40890 SANDY GALE Lane

Price: $8,772,000
Units Total: 51
Lot Size: 475
Living Area: 47,725
Year Built: 1985
Parking: Yes
Days on Market: 7
Description: Pacifica Real Estate Services, Inc. Is offering 51 condominiums for sale within the 100-unit, resort-style Royal Palms community in Palm Desert, California. The property was built in 1985 and just underwent a major common area and unit renovation in 2017-18; the common area improvements include newly-resurfaced swimming pools, new patio furniture, and water-efficient desertscape; the extensive unit improvements include new cabinets, stone countertops, lighting fixtures, electrical outlets, plumbing, wood-style tile flooring, new paint, and upgraded appliances. The 51 units owned by Pacifica and offered for sale consist of 49 two-bedroom units ranging from 925 to 1,200 sq.ft and two one-bedroom units with 750 sq.ft. With a per-unit sale price of $172,000, these beautifully renovated units are a great investment opportunity, well below the $250,000 sales price they commanded when sold individually in 2006.