Residential Income, California | Page 1 -001-11-30T00:00:00-08:00
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Playa del Rey, 16 64TH Avenue

Price: $274,000,031
Units Total: 2
Lot Size: 2,102
Living Area: 1,416
Year Built: 1953
Parking: 0
Days on Market: 59
Description:

Sherman Oaks, 15009 MOORPARK Street

Price: $20,750,000
Units Total: 45
Lot Size: 21,218
Living Area: 42,453
Year Built: 1984
Parking: Yes
Days on Market: 99
Description:

170 North CRESCENT Drive

Price: $19,900,000
Units Total: 21
Lot Size: 15,100
Living Area: 30,971
Year Built: 1960
Parking: Yes
Days on Market: 46
Description:

El Segundo, 910 East GRAND Avenue

Price: $18,500,000
Units Total: 35
Lot Size: 9,452
Living Area: 30,326
Year Built: 1979
Parking: 65
Days on Market: 42
Description: Please do not disturb tenants with walking the property without Owners Approval. DRIVE BY ONLY!

Los Angeles, 147 South DOHENY Drive

Price: $17,500,000
Units Total: 21
Lot Size: 11,142
Living Area: 25,900
Year Built: 2007
Parking: Yes
Days on Market: 46
Description: 147 S. Doheny Drive is a rare opportunity to own a luxury building in one of the most sought after areas of Los Angeles. This 21 unit building is adjacent to Beverly Hills and across from the Four Seasons Hotel. 147 S. Doheny was designed for condominiums, as each unit has open floor plans, pre-wired alarm systems and in-suite washers and dryers. The units also include features such as stainless steel appliances, designer wood laminate floors, granite countertops along with walk-in closets. Great unit mix of (20) two bedroom / two bath units and (1) non-conforming unit. There is also upside with current rents. Don’t miss out on an opportunity to own on one of the nicest and most recognized streets in all of Los Angeles. For complete setup, click Docs above.

4081 South Bluff Place Avenue

Price: $17,100,000
Units Total: 36
Lot Size: 27,183
Living Area: 34,561
Year Built: 1963
Parking: 36
Days on Market: 49
Description: This San Pedro Landmark offers the only Ocean Front Apartment Complex in San Pedro, and is situated on 27,167 Sq. Ft. Of Land! With its three story modern architecture, this 36 unit Community provides tenants with 360 degree Ocean Views that face Catalina, the city lights of Long Beach, the San Bernardino Mountains, and the passing cruise ships. Recently the property has undergone a massive interior renovation project, which included, but was not limited to the following improvements; new 2017 ABS Sewers and a brand new Plumbing System, two new Master Boilers with Circulation Pumps, Forced Air Heating and Vinyl Windows throughout. Additionally, all units have been upgraded with Granite, Modern Backsplashes, Cabinetry, Flooring, Tile, Stainless Steel Appliances, and Scraped Ceilings. Currently, the property intentionally has 19 vacant units which are highly upgraded, and ready to be rented at the market rates. Since San Pedro is a rent controlled city, this is a very rare opportunity to obtain above an above market return, for a World Class / Trophy Property. San Pedro is undergoing massive changes with new developments such as the ALTA Sea Research Center 3,000 + jobs, and the New Ports-O Call Village with are both a short walk away. Consider this a Once-in-a-Lifetime Value Add Play, without the need for costly capital improvements to add the value.

683 Sleepy Hollow Lane

Price: $16,500,000
Units Total: 8
Lot Size: 10,019
Living Area: 7,000
Year Built: 1996
Parking: 8
Days on Market: 144
Description: Sunset Cove Villas: Poised on one of the most magnificent stretches of the California Coastline, 683 Sleepy Hollow presents a unique investment opportunity to own eight luxury beach front villas in the heart of Laguna Beach. Offering the utmost in accommodations, the one, two and three bedroom suites provide spacious living with ample room for entertaining and relaxing. The villas blend contemporary elegance with luxury and comfort and are designed to take full advantage of the stunning ocean views from both the interiors, as well as the outdoor patio areas. Each luxury villa is well-appointed with gourmet kitchens, spa-inspired baths, resort-style bedrooms and private patios. Relax upon the serene observation deck, enjoy the panoramic views of the Pacific Ocean and Catalina sunsets – an ideal space for entertaining. The beautifully designed building provides garage parking for guests as well as private steps to the sand. Stroll along Laguna’s Main Beach, and to downtown’s shopping and dining make these accommodations perfect for discerning travelers.

Studio City, 10944 Bluffside Drive

Price: $15,250,000
Units Total: 40
Lot Size: 26,949
Living Area: 20,628
Year Built: 1983
Parking: 40
Days on Market: 198
Description: First time Offered for Sale by Developer Owners! Prime Studio City Location just steps from Ventura Blvd. Rare Opportunity to acquire a classic Hacienda style 40 unit Apartment Building on R-4 High density property. This Complex was built in 1983 and is NOT subject to Rent Control allowing for significant and immediate rental upside. Well maintained and freshly painted this building features 40 Studio / Jr 1 Bedroom units which are ALWAYS in HIGH DEMAND and FULLY RENTED. Present Owners have extensively remodeled 16 of the 40 units in the last 120 days proving new rent rates and high demand. Upgrades included new paint, new wood floors, new tiled floors in Kitchen and Bath, new bathrooms and more. All units have full kitchens with refrigerator, freestanding gas stove, microwave, stainless steel sink, garbage disposal and breakfast bar. Most units have gas fireplaces and nearly half have patios or balconies. Low maintenance Building keeps expenses down. Community laundry on premises. Close to all Major Studios, Freeways and Metro. A “Once in a Life time” offering.

Los Angeles, 449 South LE DOUX Road

Price: $14,500,000
Units Total: 3
Lot Size: 11,704
Living Area: 30,417
Year Built: 1962
Parking: Yes
Days on Market: 42
Description: Irreplaceable Location; Rare opportunity to purchase a 30,417± SF apartment community in a phenomenal West LA location; Located near the intersection of Burton Way and La Cienega Boulevard, across the street from the SLS Hotel; Walking distance to Cedars Sinai Medical Center, the Beverly Center and La Cienega’s famed “Restaurant Row”; Nearly 50% rental upside potential with mostly exterior and common area improvements; bring rents to market as apartments turnover; Potential for condominium conversion exit – Condominiums of similar vintage and size in the area are selling for over $1,250,000 per unit; Spacious units averaging 1,464± SF; all have balconies; Approximately half of the units have in-unit washer and dryer; Attractive architecture with great frontage; rear courtyard with pool. Rent information shown is average for one unit type. For complete rent roll visit the property website in Private Remarks.

Toluca Lake, 10311 RIVERSIDE Drive

Price: $13,500,000
Units Total: 39
Lot Size: 33,640
Living Area: 42,309
Year Built: 1971
Parking: Yes
Days on Market: 18
Description: Toluca Plaza is a 39-unit apartment community in a prime Toluca Lake location. With tremendous frontage and visibility on Riverside Drive, the property is nicely situated east of Cahuenga Boulevard and west of Clybourn Avenue and rests on two corners. Built in 1971, the property is subject to rent control. There is an attractive unit mix of 15 one -bedroom / one-bath units, 12 one-bedroom / one-bath plus Den units, six, two-bedroom / two-bath units and six, two-bedroom / one-and-a-half bath units. Located in one of the most desirable pockets in the San Fernando Valley, Toluca Plaza easily attracts residents with its convenient and central location. It’s walking distance to plenty of shopping, dining and entertainment on Riverside Drive. Some notable Los Angeles destinations are close by such as Universal Studios, Warner Brothers Studios, Universal City Walk, Hollywood Bowl, Griffith Park and the Los Angeles Zoo.

Laguna Beach, 2037 South Coast

Price: $13,250,000
Units Total: 16
Lot Size: 8,712
Living Area: 10,233
Year Built: 1969
Parking: 16
Days on Market: 4
Description: 2037 South Coast Highway is a 16-unit mixed-use investment opportunity located in Laguna Beach, California. Built in 1969 this well-maintained property features 14 multifamily units and two retail suites on an 8,500 square foot lot. The property offers exceptional ocean views, a spacious courtyard, controlled access, reserved garage parking and more.

1326 LONDONDERRY VIEW Drive

Price: $12,500,000
Units Total: 10
Lot Size: 21,125
Living Area: 12,574
Year Built: 1938
Parking: Yes
Days on Market: 184
Description: Rare opportunity to acquire an ICONIC apartment community PLUS a single family home located above Sunset Boulevard in the WORLD CLASS Sunset Plaza neighborhood at 1326 and 1328 Londonderry View Drive, Los Angeles, CA 90069. These glamorous restored units are perfectly poised to attract the most discerning clientele and celebrated residents includingformer / current residents that have included Ronald Reagan (circa 1938,1952), David Letterman, Jack Nicholson, Tom Cruise among others. The common areas feature unmatched finishes throughout embodied by a tranquil flagstone courtyard with water fountain, ornate woodwork andmoldings, designer flooring, elevator service, and ornate ironwork.

4441 VINELAND Avenue

Price: $12,500,000
Units Total: 40
Lot Size: 26,273
Living Area: 34,547
Year Built: 1978
Parking: Yes
Days on Market: 52
Description: This property is a this forty-unit non-rent control apartment building in a beautiful residential neighborhood of West Toluca Lake, California.   The property consists of 27 one-bedroom / one-bathroom units, 4 one-bedroom / 1 bathroom with den units and 9 two-bedroom / two bathroom units.   The property offers gated subterranean parking, controlled access, on-site laundry facility and a pool.   The units feature garbage disposals, refrigerators, air-conditioning and open floor plans.   The property offers convenient access to the 101,134 and 170 freeways and is a short distance from the Universal / Studio City and North Hollywood Metro Red Line Stations.   The property is also walking distance to excellent restaurants, bars, cafes, retail shopping and entertainment options.

Bell, 6317 Flora Avenue

Price: $9,900,000
Units Total: 40
Lot Size: 66,211
Living Area: 35,970
Year Built: 1956
Parking: 40
Days on Market: 22
Description: Flora Avenue Apartments is a 40-unit apartment community located in the city Bell, California. Built in 1956, Flora Avenue Apartments represent an opportunity to acquire a mid-size apartment community in Los Angeles County that is not subject to rent control. The property is located on a quiet residential street near the intersection of Gage Avenue and Atlantic Avenue and consists of 10, two-story buildings totaling 35,970 sq.ft situated on a 1.52 acre lot. The property is comprised of 20, two-bedroom / one-bathroom units and 20, three-bedroom / one-bathroom units.

324 South CATALINA Street

Price: $9,700,000
Units Total: 47
Lot Size: 7,792
Living Area: 22,904
Year Built: 1926
Parking: Yes
Days on Market: 210
Description: This is a rare NON-RENT CONTROLLED asset in an excellent location. The building is in great condition with almost every unit recently renovated. The building features Art Deco style and modern upgrades. The striking 4-story structure has a diverse unit mix and is ideally positioned to take advantage of this strong rental market. It is offered at an attractive cap rate with additional potential to increase the income.

Big Bear, 40770 Big Bear Boulevard

Price: $9,500,000
Units Total: 42
Lot Size: 91,476
Living Area: 16,916
Year Built: 1969
Parking: 0
Days on Market: 98
Description: This three-story lake-front 42-room hotel is the de facto crown jewel among all of Big Bear Lake’s lodging facilities. The convenience of stepping into any water sports in a clean and safe private beach right outside the hotel rooms in the summer time and snow play in the winter is unrivaled anywhere around Big Bear Lake. Upscale dining, evening entertainments in the Village is just a short stroll away. Indoor / outdoor swimming pools, spas, boat dock and beach volley ball field, meeting rooms and lawn facilitates wedding events and family holidays. There is ample parking space in front. The hotel is independent with an excellent on-site management team.

Santa Monica, 1610 BROADWAY

Price: $9,125,000
Units Total: 7
Lot Size: 7,503
Living Area: 11,211
Year Built: 1989
Parking: Yes
Days on Market: 8
Description:

Tarzana, 18543 CLARK Street

Price: $8,997,000
Units Total: 29
Living Area: 29,884
Year Built: 1962
Parking: Yes
Days on Market: 72
Description: VALUE ADD OPPORTUNITY * There is a high potential for Value Add to this property with the increase of rents over time for both one and two bedrooms 28% – 40%. To achieve these rents a new owner will need to upgrade the unit interiors to include upgraded flooring, new kitchens, new bathrooms, new paint and modern lighting – estimated to cost between $8-12K / unit. The common areas will also need to be updated to a moremodern look / feel – think Viceroy Hotel and Kelly Wearstler. This will attract the young, professional crowd who are looking for a modern, well located place to call their home. Once the rents are at these levels the GSI will increase by 35% to over $730,000 per year.

Montclair, 4205 Evart Street

Price: $8,995,000
Units Total: 68
Lot Size: 67,082
Living Area: 34,212
Year Built: 1961
Parking: 55
Days on Market: 10
Description: The Evart Street Apartments are located on the south side of Evart Street between Kingsley Street and Orchard Street. With the nearest major cross street being Mills and Holt Avenue, this unique and rare multifamily property is situated a quiet corner lot surrounded by Single Family Residences. It is walking distance to Lehigh Elementary and Montclair High Schools while being only 3 miles from the prestigious Claremont Colleges.   Built in 1961, the Evart Street Apartments consist of two contiguous parcels.  Current ownership has completed extensive renovations with additional rental upside. Interior and exteriors renovations include new paint, flooring, appliances, bathrooms, kitchens, landscaping, and barbecues in common areas. The Evart Street Apartments are a stable income-producing, value-add property and a long-term investment. It is located in a desirable, non-rent controlled area and offers growth and stability for any type of investor whether it may be a first-time purchaser, seasoned investor, or 1031 exchange opportunity.

Los Alamitos, 4111 Green Avenue

Price: $8,795,000
Units Total: 20
Lot Size: 27,744
Living Area: 22,862
Year Built: 1967
Parking: 20
Days on Market: 51
Description: • ALL 2,3 and 4-BEDROOM RENOVATED UNITS • PRIDE OF OWNERSHIP • EXCELLENT LOS ALAMITOS LOCATION • GARAGES, LARGE DECKS, POOL, PATIOS • SPACIOUS UNITS – AVG. 1,143 SQ. FT. • 10.4% RENTAL UPSIDE BASED ON LEVELED RENTS

Los Angeles, 916 GEORGIA Street

Price: $8,750,000
Units Total: 32
Lot Size: 7,525
Living Area: 18,132
Year Built: 1912
Parking: 0
Days on Market: 37
Description: 916 Georgia St, located in the South Park District of Downtown Los Angeles, directly across from LA Live and surrounded by several development projects including the Wilshire Grand Central, which will be the tallest building West of the Mississippi. The property was built in 1912 with a unit mix consisting of (21) singles, (3) bachelors, and (8) two bedroom units. Additionally, the property sits on a 7,525 Sq. Ft. Lot with an existing C2 zoning, allowing for a Floor Area Ratio of 6: 1 which can be increased up to 13: 1 with the transfer of Floor Area. The investment is ideal for redevelopment because of its exceptional location and favorable zoning allowance, or as a value-add opportunity by capitalizing on the property’s tremendous upside.

14960 Clark Avenue

Price: $8,500,000
Units Total: 25
Lot Size: 49,989
Living Area: 24,720
Year Built: 2004
Parking: 0
Days on Market: 143
Description: Property is conveniently located in the heart of Hacienda Heights, an unincorporated community of Los Angeles County. Subject property is located within minutes to 60 and 605 FWY, which will easily take you to Orange County and Downtown Los Angeles. Property is minutes away from Supermarket, Restaurant, Puente Hills Mall, Hacienda Country Club, Hsi Lai Temple, Rio Hondo College, Pacific Palms Resort / Club, Wal-Mart, USPS Office and many more. The adjacent City of Industry is known for Distribution Center Hub to import and export business. The City offer great benefit to business owner, which attracts business owner to stay or relocate to, and help increase employment opportunity for the surrounding cities.

Los Angeles, 5100 MAPLEWOOD Avenue

Price: $8,500,000
Units Total: 36
Lot Size: 0
Living Area: 21,456
Year Built: 1969
Parking: 36
Days on Market: 66
Description: -Located on the Boundary of Hancock Park and Larchmont Village Submarket -Over 50% of Units Upgraded -Over 50% of Units Upgraded -Balconies on Front Units -Recent Exterior and Common Area Improvements -Secured Remote Intercom Front Access and Secure On-Site Parking

La Habra, 706 West First Avenue

Price: $8,400,000
Units Total: 30
Lot Size: 36,590
Living Area: 24,264
Year Built: 1987
Parking: 66
Days on Market: 14
Description: The Heights Apartments is a well located and extremely clean 30 unit apartment building located in La Habra. Built in 1987 the property boasts a unit mix of 28 two bedroom two bath and 2 one bedroom one bath units. There are 60 parking spaces on the ground floor and 6 open spaces. Each unit has its own water heater and the tenant pays their own gas and electricity.