Residential Income, California | Page 1 -001-11-30T00:00:00-08:00
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Los Angeles, 601 South Main Street

Price: $60,000,000
Units Total: 452
Lot Size: 25,592
Living Area: 25,592
Year Built: 1981
Parking: 858
Days on Market: 10
Description: The SB Omega is a fully entitled project on the southwest corner of 6th and Main St. In the heart of the Historic Core of Downtown LA. Currently the site of Joe’s Parking, this approved project will encompass 4 parcels and stand 390 ft. Tall to include 38 stories above grade and 452 dwelling units. Upon completion, the building will be the tallest structure in the Historic Core and one of the tallest in Downtown Los Angeles. Land is currently used as a parking lot but has all entitlements and plans for a high-rise condominium building consisting of 458,308 residential sq. Ft, 24,368 retail sq. Ft. And 858 parking spaces. Seller is looking for a joint venture opportunity with an experienced contractor who must bring a $10,000,000 down payment to the partnership. Partner must acknowledge that the sale of the project will gross over $400 million and that construction costs will not exceed $160 million.

Beverly Hills, 327 South ELM Drive

Price: $58,000,000
Units Total: 30
Lot Size: 29,684
Living Area: 0
Parking: Yes
Days on Market: 27
Description: 321-327 S Elm Drive is a new development of luxury residences in the heart of Beverly Hills. This limited collection of 30 new condominiums, townhomes and penthouses presents an effortless lifestyle of uncompromising luxury and modern simplicity. The beautiful high-end finishes and features include Bertazzoni Italian stoves, Miele dishwashers, Porcelanosa fixtures and tile, Poliform custom Italian cabinets, Baldwin hardware, Fleetwood doors, Nest learning thermostats, privacy shades, washer a dryer in each unit, water filtration system, USB outlets in every room, large private outdoor space and terraces and expansive views of Hollywood Hills, Century City, Beverly Hills and DTLA. The 30 units (3 of which are available as low income housing) can be sold as condos or leased as apartments. This trophy property is a one-of-a-kind investment opportunity in prime Beverly Hills.

Los Angeles, 920 South Hill Street

Price: $35,000,000
Units Total: 239
Lot Size: 22,935
Living Area: 190,903
Year Built: 2017
Parking: 328
Days on Market: 504
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, 2391 ROSCOMARE Road

Price: $29,000,000
Units Total: 10
Lot Size: 21,422
Living Area: 33,955
Year Built: 2018
Parking: Yes
Days on Market: 20
Description: ONE BEL AIR, a premier new construction 10 unit luxury building, the only one of its kind located in scenic upper Bel Air. Offering ‘home alternative’ residences in one of Los Angeles’ most sought after neighborhoods. Breathtaking ocean and canyon views beautifully combine nature, serenity and modern luxury. Sleek architecture and sophisticated design, finishes and fixtures are set amidst a lush mountainous back drop perfect for taking in dramatic sunsets. Equipped with a gym, lounge, spacious viewing deck, pool and pool deck, secured entry and parking garage. This iconic offering brings refined, multi-unit, luxe living to the hills.

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: 505
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.)

Venice, 1206 VENICE Boulevard

Price: $22,000,000
Units Total: 32
Lot Size: 12,214
Living Area: 29,080
Year Built: 1988
Parking: 0
Days on Market: 109
Description: We are proud to present 32 units on Venice Boulevard in Venice. Non-rent control. Built in 1988. Great unit mix of 1’s and 2’s. Four stories over gated, secure parking. Upside in the rents. Central air / heat. Please call listing office for more details.

Los Angeles, 1917 RODNEY Drive

Price: $16,450,000
Units Total: 54
Lot Size: 27,928
Living Area: 53,487
Year Built: 1971
Parking: Yes
Days on Market: 12
Description: Los Feliz Palms is a four-story, 54 unit property that was constructed in 1971/1972 on a ±27,927 square foot R3 lot, with a total building size of ±53,487 sq.ft. The turnkey property is separately metered for electric, serviced by a boiler and central water heater, an elevator, three stairwells, and cameras in select areas. The well-amenitized property offers secured entry, a gated pool (heated) and jacuzzi, a recreation room, a fitness center, a barbecue area, trash chutes on each floor, an on-site laundry facility, and a 60 space on-grade enclosed parking garage with dual driveways. Recent capital improvements include a partial copper repipe, new carpet flooring in all common area hallways, recently replaced boiler and central water heater, and repairs to the elevator hydraulic system. The property is subject to the City of Los Angeles Rent Control Ordinance, but is not subject to the current Soft-Story Seismic Retrofit Ordinance.

Los Angeles, 9315 ALCOTT Street

Price: $16,150,000
Units Total: 14
Lot Size: 11,428
Living Area: 25,908
Year Built: 2007
Parking: Yes
Days on Market: 118
Description: Built in 2007,9315 Alcott Street is comprised of 14 non rent control condominiums with separate APNnumbers. Located just South of Pico Blvd, in the neighborhood of Beverlywood. The property is walking distance to a myriad of coffee shops, restaurants, and synagogues. The property features over 25,000 sq.ft of rentable area and is situated on a large 11,428 square foot lot. Comprised of (1) three-bedroom, three-bathroom unit, (12) three-bedroom, two and half-bathroom units, and (1) two-bedroom, two-bathroom unit. The building has been well maintained andincludes a 1,500 sq. Ft. Gym / rec room on the ground floor with kitchen and bathroom. Two levels of subterranean parking for approximately 36 parking spots including guest parking.

Arcadia, 865 West HUNTINGTON Drive

Price: $15,500,000
Units Total: 42
Lot Size: 55,506
Living Area: 34,972
Year Built: 1954
Parking: Yes
Days on Market: 21
Description: Huntington Place is a 42-unit apartment community comprised of three two-story buildings located at 855-875 W Huntington Drive and built between 1953 and 1954 on a unique ±55,506 sq.ft R3 triple lot. The attractive property is separately metered for gas and electric, and offers desirable resident amenities that include a gated swimming pool with barbeque area and outdoor seating, three separate on-site laundry facilities, and expansive open space that affords a new owner the opportunity to add additional common area features. The property is well-parked with 66 covered and open parking spaces, and the city does not require soft story retrofit. Recent capital improvements include newer roofs for all three buildings, new asphalt driveways, dual-pane vinyl windows, fresh exterior paint, and copper plumbing in select units. Property consists of three parcels: 5777-029-030,5777-029-031, and 5777-029-032.

San Pedro, 4034 South Pacific Avenue

Price: $14,000,000
Units Total: 36
Lot Size: 27,249
Living Area: 34,651
Year Built: 1965
Parking: 38
Days on Market: 37
Description: We are pleased to present a beautiful, remodeled apartment located in San Pedro, California. The building offers PANORAMIC OCEANFRONT views! The units are completely remodeled including new wood and modern tile floors, granite kitchens and bathrooms, contemporary paint colors and quality appliances. The subject property features an on-site laundry facility, elevator, sundeck, huge patio dining area for dining and a lush tropical landscaped courtyard. The building is located just steps from the Ocean and just blocks from Downtown, shopping, dining and entertainment. The subject property currently has 5 tenants, which makes it a unique opportunity with 31 vacant units that can be rented at market right away. Built in 1965, the subject property consist of 34,651 rentable square feet on a lot size of 27,267 sq.ft. The unit mix consists of (4) three-bedroom / two-bathroom (24) two-bedroom / one-bathroom units, (7) three-bedroom / two-bathroom unit and (1) large studio / one-bathroom unit. There is an on-site laundry for tenants’convenience. The subject property is separately metered for gas and electricity keeping expenses to a minimum.

Agoura Hills, 5250 Chesebro Road

Price: $13,450,000
Units Total: 18
Lot Size: 40,946
Living Area: 28,573
Year Built: 2018
Parking: Yes
Days on Market: 87
Description: APN: 2052-008-017 and 018.18 newly constructed townhome style apartment units in the desirable Agoura Hills submarket for sale. Each unit feels like a home with private two-car attached garages. The community offers such amenities as beautiful outdoor barbecue entertainment areas, a hot tub spa, and a dog run. The property received its Certificate of Occupancy in March 2018 and is currently in its lease-up phase. Served by the highly regarded Las Virgenes Unified School District, Agoura Hills is among the most coveted areas to live in the United States and is listed as one of “SafeWise 50 Safest Cities. ” Agoura Hills boasts outstanding demographics, with an average household income of over $180,000, a highly educated populace and a vacancy rate of only 3.1%.

Hollywood, 1836 North Gramercy Place

Price: $12,995,000
Units Total: 28
Lot Size: 20,038
Living Area: 19,665
Year Built: 1964
Parking: Yes
Days on Market: 122
Description: Gramercy Hollywood is an ultra-slick, modern, recently renovated apartment community with top of the line amenities in a coveted location within Hollywood, California. Set on a 20,038 square foot lot, this attractive 19,665 gross rentable square foot property is crafted with structural simplicity, sleek finishes and clean lines. Originally built in 1964, the property offers open floor plans, exquisite attention to detail and an unbeatable location with superb freeway and bus access. 21 of the total 28 units have been fully renovated and are successfully achieving top rents for the market. The remaining 7 unrenovated units present a 20% + upside in rents. The unit mix includes 5 two-bedroom units, 17 one-bedroom units and 6 studios, for a total current scheduled monthly income of $60,411. With world-class shopping and dining, red carpet movie premieres, celebrated live theatre and over 70 brand-name retailers in the immediate area, the property’s location offers endless possibilities. It lies in close proximity to many local hotspots and iconic landmarks, including the Hollywood Walk of Fame, El Capitan Theatre, Dolby Theatre (home of the Academy Awards®) and TCL Chinese Theatre (formerly Grauman’s). The property also sits less than two miles from the major Hollywood and Highland entertainment center of Los Angeles.

Manhattan Beach, 816 The Strand

Price: $12,850,000
Units Total: 2
Lot Size: 3,366
Living Area: 2,807
Year Built: 1956
Parking: 5
Days on Market: 85
Description: First time on the market! Great opportunity to build your dream home. Prime South-End location of the Manhattan Beach Strand! It does not get any better than this with a picture perfect Manhattan Beach Pier View and proximity to Downtown Manhattan Beach. Charming mid-century 4 bedroom home, plus a separate 2 bed 2 bath income-unit over the garage. Spacious outdoor areas with a quaint courtyard on the side and a fantastic patio situated above the walk path of the Strand. Plenty of parking with a 3-car garage and 2-spots behind the garage. Panoramic White Water and Sand Views from Palos Verdes to Malibu. Enjoy the true Manhattan Beach lifestyle with Ocean Front living, only steps from all the great local Shops, Restaurants, Parks and Award Winning Schools!

Santa Ana, 1407 North Bush Street

Price: $12,550,000
Units Total: 52
Lot Size: 20,003
Living Area: 36,394
Year Built: 1987
Parking: 88
Days on Market: 20
Description: The Bush Court Apartments, an exceptionally rare, newer construction 52-unit building, located in the heart of Santa Ana. Built in 1987, this investment opportunity is an ideal mix of 1 and 2 bedroom units. The Bush Court Apartments is comprised of (36) one bedroom / one bathroom units, (2) one bedroom / one bathroom + den units, and (14) two bedroom / two bathroom units. The building is generously parked with (88) community garage spaces with secured access. The majority of units have been renovated featuring remodeled kitchens, granite countertop, tile backsplashes, microwaves, porcelain tile flooring, etc., while exterior upgrades boast newer roofs, exterior paint, security cameras, security doors, solar panels, and LED Lighting. Tenants enjoy on-site laundry, patios / balconies, A / C and secured access and secured, covered parking. This investment opportunity offers an investor substantial room to improve income in a non-rent control environment with a predictably low expense ratio. The installation of the solar panel system, LED lighting and the already implemented utility reimbursement program simplifies management and creates great value for a new investor. Additional income from laundry and extra available parking further enhances the return The Bush Court Apartments is an exceptional investment opportunity to add to any already established investment portfolio.

Long Beach, 1625 Redondo Avenue

Price: $12,250,000
Units Total: 36
Lot Size: 33,106
Living Area: 32,841
Year Built: 1971
Parking: 39
Days on Market: 31
Description: Redondo Terrace is a 36-unit multifamily investment property located in Long Beach, California. The property is located within the highly sought after Eastside neighborhood of the city. The area provides a strong, diverse tenant base, easy transportation access, and proximity to a wide range of retail options. The property also sits within two miles of California State University, Long Beach. Situated on a 0.76-acre lot, the 32,841 square foot property consists of studio, one-, and two-bedroom floor plans and offers amenities including ample garage parking, controlled access, private balconies, a central courtyard, elevator, and on-site laundry. Thirty-one of the units have been significantly renovated with upgraded kitchen stainless steel appliances, quartz countertops, vinyl flooring, and updated bathrooms. Additionally, there are numerous third-floor units with ocean and city views.

Los Angeles, 855 South HARVARD

Price: $12,000,000
Units Total: 32
Lot Size: 13,325
Living Area: 31,549
Year Built: 1988
Days on Market: 82
Description: We are pleased to exclusively list a 32-Unit trophy multi-family apartment building locatedin the highly desirable Koreatownsubmarket of Los Angeles. Built in 1988, and not subject tothe rent stabilization ordinance, the Harvard Apartments boast a mix of 1-bedroom, 2-bedroom, 3-bedroom, and1-bedroom + loft units. The Property represents a true value-add opportunity with severalof the units inunremodeledcondition andcurrent rents below market for renovated rents. Many units have been renovated in recent years featuring wood inspired laminate flooring, granite countertops, stainless-steel appliances, and laundrymachines. Located in one of LosAngeles’ most walkable neighborhoods, residents have immediateaccess tomany ofthebestrestaurants, bars and shops in Koreatown. The Property’s dynamic location draws anincreasing numberof educated young-professionals thatare attractedto Koreatown’s amenityrichmakeup, proximity to Los Angeles’ top employment centers and transitorie

Whittier, 14035 Coteau Drive

Price: $11,550,000
Units Total: 40
Lot Size: 60,112
Living Area: 32,604
Year Built: 1986
Parking: 8
Days on Market: 79
Description: Triqor Group is pleased to present the opportunity to acquire Heritage Manor and Villas, a 40-unit apartment building located in Whittier, CA. Built in 1986; the property is in close proximity to Candlewood Country Club and offers (36) large two-bedroom units and (4) one-bedroom units. Most units have a patio or balcony, some with golf course views. All tenants have secured access to covered and uncovered parking. Heritage Manor and Villas boasts a great opportunity for an investor to purchase a well-maintained asset consisting of almost all two-bedroom units built in 1986. Heritage Manor and Villas is located just north of Imperial Hwy., the major east west thoroughfare in the City of Whittier. The property sits adjacent to Candlewood Country Club providing some units with golf course views. The property is located 3 miles northeast of the 5 freeway, 4.5 miles east of the 605 freeway and 5 miles north of the 91 freeway. Furthermore, the property is located less than 20 miles southeast of Downtown Los Angeles and 10 miles north west from Downtown Anaheim offering additional employment opportunities nearby.

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: 242
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.

2330 South CORNING Street

Price: $10,995,000
Units Total: 34
Lot Size: 30,000
Living Area: 34,471
Year Built: 1964
Parking: Yes
Days on Market: 32
Description: This property is a 3-story building located in West Los Angeles with ample parking. There are 41 total parking spaces. 20 Tuck under parking spots, 19 Carports, and 2 open parking spaces. 2330S Corning St is a very charming apartment building situated in West Los Angeles. This property, built in 1964, with wood frame and stucco construction, is separately metered for gas and electricity and is comprised of 34.471 sq.ft of improvements sitting on a 29,999 sq.ft lot. This property is located near the corner of Corning St and Cadillac Ave.  This asset offers an investor the rare opportunity to purchase a well-maintained, well-located asset with exceptional value to add and upside potential. For an investor focused on appreciation, this is an ideal investment. The average square feet of each unit is approximately 1,014 sq.ft. The current average rent is only $1,266 dollars, and market rents at $2,412 on an average basis based on the rent roll we have.

South Pasadena, 635 Prospect Avenue

Price: $10,800,000
Units Total: 32
Lot Size: 36,002
Living Area: 24,616
Year Built: 1954
Parking: 32
Days on Market: 55
Description: Turnkey property consisting of 32 Units (22 one bedroom / one bath and 10 two bedroom / one bath). Spacious units offering stove, dishwasher, ceiling fans, and wall units for heating and cooling. Approximately 65% of units have been fully renovated. Updated units have laminate and tile flooring, new kitchens with new cabinets, granite countertops, and new appliances. Bathrooms have new vanities, toilets, bathtubs, and hardware. Located in highly desirable South Pasadena School District. Easy access to 110 Freeway, Huntington Hospital, Old Town Pasadena, Shops on Lake Avenue and neighboring entertainment destinations.

Hawthorne, 12303 GREVILLEA Avenue

Price: $10,770,000
Units Total: 40
Lot Size: 35,275
Living Area: 32,699
Year Built: 1985
Parking: Yes
Days on Market: 39
Description: -Portfolio Sale – 4 Separate Buildings Totaling 40 Units -Non-Rent Controlled Assets – Located West of Hawthorne Boulevard in the Most Desirable Pocket of Hawthorne -1980’s Vintage Buildings -Outstanding Unit Mix -Located within 3 Miles of the Hollywood Park Development Project and New Proposed NFL Stadium -Full Copper Plumbing and Ample Covered Parking -Six On-Site Laundry Facilities – Generating Additional Annual Income -Washer / Dryer Hook-Ups in 12312 Grevillea Avenue Building -Over 22% in Rental Upside -Strong Neighboring Employment: Space X, Tesla, and Aerospace Defense Companies

Los Angeles, 249 South AVENUE 55

Price: $10,500,000
Units Total: 40
Lot Size: 38,863
Living Area: 24,722
Year Built: 1961
Parking: Yes
Days on Market: 89
Description: 249 S Ave 55 is a 2-story, 40-unit, Mid-Century apartment building located in the heart of Highland Park-one of Los Angeles’ hottest sub-markets. Teeming with authentic Mid-Century charm, this extremely well-maintained asset features 40 secure parking spaces, an over-sized center courtyard lined with beautiful, drought tolerant landscaping, a large pool with ample lounge areas and colorful accent murals / designer paint themes. The building features on-site laundry and is separately metered for gas and electric. 28% of the units (11 in total) have been renovated to include beadboard ceilings, new kitchens, with modern cabinets, stainless steel appliances, quartz counter-tops, and remodeled bathrooms.

Los Angeles, 4108 MARATHON Street

Price: $10,150,000
Units Total: 30
Lot Size: 10,535
Living Area: 24,520
Year Built: 1928
Parking: Yes
Days on Market: 139
Description: We are pleased to present 4056 and 4108 Marathon Street, a 30 unit apartment community plus a separate parcel providing parking, in one of L. A. ‘s most dynamic rental markets, Silver Lake / Virgil Village, CA (90029). 4108 Marathon Street, built in 1928, offers an exceptional unit composition featuring Twenty-Six (26) Large One Bedroom-One Bathroom and Four (4) Two Bedroom-One Bathroom apartment homes encompassing + / -24,520 sq.ft of improvements. The purchase also includes 4056 Marathon Street is a separate parcel included in the offering and provides 15 vehicle parking spaces. The parcel is zoned RD 1.5 in 4,250 sq.ft of land. Parking lot improvements include new asphalt resurfacing, restriping and new gate / fencing. 4108 Marathon Street has undergone a gut-level renovation of Fifteen (15) of the Thirty (30) apartment homes (50% of units). **Please email listings agents for Full Offering Memorandum**

Studio City, 11833 LAURELWOOD Drive

Price: $9,995,000
Units Total: 20
Lot Size: 38,886
Living Area: 19,143
Year Built: 1949
Parking: Yes
Days on Market: 44
Description: Opportunity to acquire Laurelwood Apartments, a 20-unit multi-family property designed by master architect R. M. Schindler. Designated as Los Angeles Historical-Cultural Monument No. 228, the LA Conservancy declares it as “…one of the finest Modern expressions of the ubiquitous courtyard apartment complex to be found anywhere in Southern California…” This trophy offering represents a once-in-a-lifetime opportunity to own Schindler’s last and largest multi-family design, a true exhibition of his distinct form of modern architecture known as “space architecture. ” Laurelwood Apartments visibly embodies Schindler’s aesthetic through its individually designed interior spaces, built-in furniture, use of natural light and glass partitions, separate yards and patios, and thoughtfully terraced placement of two structures divided by a central walkway. LA Conservancy explains, each apartment feels “…like a private house, with its own entrance, unique views, and private outdoor space. “