Residential Income, California | Page 1 -001-11-30T00:00:00-08:00
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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: 380
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: 381
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.)

Needles, 4440 Needles

Price: $300,000
Units Total: 0
Lot Size: 87,120
Living Area: 87,120
Year Built: 1964
Parking: 0
Days on Market: 21
Description: Extremely motivated Seller! All offers welcomed. 3 bedroom 2 bathroom home one mile off of the Colorado River. Home is a ranch style single story. The two acres offers room for horses. There are mature fruit trees as well as desert landscaping. Located conveniently off Needles Hwy, and very close to the brand new Palms RV Resort.

Paramount, 7221 Petrol Street

Price: $310,000
Units Total: 1
Lot Size: 84,239
Living Area: 84,239
Year Built: 1989
Parking: 1
Days on Market: 11
Description: Great investent! Awesome 2 bed 2 bath Nice open kitchen with upgraded baths. Cozy Fireplace in living room Washer / dryer hookups inside are located inside the kitchen. This unit also comes with 2 assigned carport tandem parking spots and a patio in back. Located close to Salud Park

Inglewood, 9301 CRENSHAW

Price: $26,000,000
Units Total: 80
Lot Size: 144,956
Living Area: 81,243
Year Built: 1955
Parking: Yes
Days on Market: 232
Description: DO NOT DISTURB TENANTS OR MANAGER / NO PREVIEWS OR OPEN HOUSES / **NEW ATTRACTIVE PRICE** This is one of the most sought after real estate investment opportunities in the non-rent control South Bay community of Inglewood / 20 adjacent 4-plex apartment homes each on their own separate 7,200 + sq. Ft. Parcel zoned R3 / A total of 80 units / 144,956 sq. Ft. Combined lot or 3.3 acres zoned R3 / All 2 bedroom, 1 bathroom units / Approximately 43% upside in rental income / First time on the market in over 40 years / Located in one of the fastest growing real estate markets / Just blocks away from the Forum, the Hollywood Park Redevelopment and NFL Stadium / New roofs, carport and garage parking, spacious balconies, private yards, and laundry rooms. This is a portfolio sale in which all 20 buildings must be purchased together. They include: 9301,9309,9317,9325,9333,9341,9401,9409,9417,9425,9433,9441,9501,9509,9517,9525,9533,9541,9601,9609 Crenshaw Blvd., Inglewood 90305.

Moreno Valley, 13660 Day

Price: $689,800
Units Total: 0
Lot Size: 55,321
Living Area: 55,321
Year Built: 1964
Parking: 2
Days on Market: 200
Description: A GREAT FAMILY HOME WITH MANY POSSIBILITIES FOR A SMALL BUSINESS OR LARGE FAMILY, PROPERTY IS VERY DECEIVING FROM STREET. THIS IS A MUST SEE PROPERTY. HOME HAS A GAME ROOM, CUSTOM 12 X 15 SUNROOM OVERLOOKING THE MANICURED BACK YARD, 2 HOT WATER HEATERS, PROPERTY HAS A COUPLE SHOPS. MAIN SHOP IS 24 X 52 WITH ALL ELECTRICAL, 3 BAYS, MILING MACHINES, OVER HEAD HOISTS, AIR COMPRESSOR. 2ND SHOP IS 25 X 14, PAINT SHOP 9 X 9,3RD SHOP IS 16 X 16. NEW DOUBLE PANED WINDOWS, NEW PLANTATION SHUTTERS, SOLAR PANELS, AND MUCH MORE. BACK YARD IS HUGE FOR THOSE FAMILY GATHERINGS, FAMILY WEDDINGS, FULLY LANDSCAPED WITH KOI POND, WATER FALL. MUST LOVE HUMMINGBIRDS. THIS PROPERTY IS REALLY GORGEOUS IN THE BACK. A VERY LARGE FIELD WITH WATER AND PLENTY OF SPACE TO GROW THAT GARDEN OR? M U S T SEE.

1398 North Sierra Way

Price: $7,200,000
Units Total: 68
Lot Size: 144,183
Living Area: 53,776
Year Built: 1949
Parking: 0
Days on Market: 43
Description: Highlights; Competitive Offering Actual CAP Rate of 5.84 %, with a ProForma CAP Rate of 6.57 %, Offering Actual GRM of 10.49, with a ProForma GRM of 9.68 / Rental Comparables Illustrate a 98 % Occupancy Area. Rental Survey Completed 03/05/2018., $1,000,000 In Recent Property Improvements and Renovations Under Current Ownership. 60% of the Units Have Been Completely Renovated., Conservative 10% Upside in Potential Rental Income. Achieved through continued implementation of Government approved and funded programs., Currently only 30% of the Tenants are in Government funded program, allowing for future growth., 4 Units Have Fire Damage and Are Currently Under Complete Rehabilitation. Units to be Delivered per Seller in 100% Rent Ready Condition. The Mountain view manor apartments are located on a sprawling 3.31 acre lot. The property is composed of 10 + buildings, outbuildings, and cover parking structures for all units. This 68 unit apartment community possesses an attractive unit mix of 35 one bedroom / one bathroom units, 1 one bedroom / one and a half bathroom unit and 32 two bedroom / one bathroom units. Over 60% of the units have been completely renovated. Recent property improvements by current ownership exceed $1,000,000 and have been outlined below. Capital Improvements and Renovations: New Interior Paint New Flooring in units New Kitchen Cabinets and Countertops New Appliances New Bathroom Cabinets Updated Exteriors Exterior Paint and Fascia Improvements

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: 32
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.

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: 87
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, 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: 40
Description:

Victorville, 16669 South D Street

Price: $2,225,000
Units Total: 0
Lot Size: 40,915
Living Area: 40,915
Year Built: 1981
Parking: 0
Days on Market: 132
Description: There are a total of 52 spaces on this mobile home park. Park includes an office and laundry mat. This is a great source of income for any investor, most of the mobile homes are included in the list price.

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: 119
Description:

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: 44
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.

Indio, 83405 Date Avenue

Price: $1,699,000
Units Total: 12
Lot Size: 34,848
Living Area: 34,848
Year Built: 1996
Parking: 24
Days on Market: 120
Description: FULLY RENTED 12 Unit Income Property with all 3 bedroom / 1 bath. 11 units are two story. Across the street from a park. Within driving distance of highway and shopping centers. Built in 1996 and well maintained.

Long Beach, 1405 Lewis Avenue

Price: $6,500,000
Units Total: 20
Lot Size: 17,496
Living Area: 34,000
Year Built: 1920
Parking: 20
Days on Market: 273
Description: AKA: 1000 New York St, This the The Vault Warehouse This is a once in a Lifetime opportunity to own a solid concrete, built like a bomb shelter and anchored with a 400 Square foot bank vault, 8 foot wide by 16 foot long freight elevator converting to a 4 story Artist Loft building. Built in the early 20’s, no expense was spared in building this Fireproof Storage Warehouse. Even the wide open deck of the 5 level rooftop is solid concrete and can accommodate loads. The rooftop is 7000 sq.ft. Each unit is also built to commercial fire code. The interior separation walls are either red brick, concrete or steel studs with double 5/8″ fire rated walls. This is a trophy property and your chance to make a difference in the artist community. All units are subject to the Administrative Use Permit. Tenants will have a license in the world of fine arts. All Tenants. There is a 6000 sq.ft INDOOR LOADING DOCK! Used for parking, it has direct access to the freight elevator and to a 1400 sq.ft bonus room. The owners unit / office is 3500 sq.ft, is 3 levels, and includes the bank vault as part of the layout. It has a giant original fireplace, massive 17 foot ceilings and so much more! Power includes a new 3 Phase 800A service with 200A 3 Phase on each floor!

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: 145
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.

Glendora, 320 West Bennett Avenue

Price: $10,990,000
Units Total: 27
Lot Size: 116,829
Living Area: 31,796
Year Built: 1963
Parking: 60
Days on Market: 21
Description: The Sierra West is a 27-unit luxury single-story garden-style apartment community on the foothill area in the City of Glendora, California. This offering presents a rare opportunity for investor to acquire a well located and stabilized upgraded luxury apartment community in the foothill area of the San Gabriel Valley sub-market. It is in a strong demographics area with average household income of ±102,000 in a mile radius, located 3 blocks away from downtown Glendora “The Village”, and across the street from community of single family houses. The property was built in 1963 and is situated on an oversized lot of 2.64 acres (±115,000 sq.ft). The 27-units are spread out to 10 separate single-story buildings on different locations that create a spacious single family residential atmosphere for the tenants. It offers an excellent unit mix of six (6) 3 bedroom + 2 bathroom, eighteen (18) 2 bedroom + 2 bathroom, and three (3) 2 bedroom + 1 bathroom units, each with large private patio (±300 sq.ft). The buildings are comprised of wood frame and stucco construction with pitched, composition-shingle constructed roofs. The community is served by three laundry facilities, a gated swimming pool with men’s and women’s restroom, controlled access with intercom system, gated parking (west side entrance), covered parking, directory, water fountain, and much more! Each unit is a bungalow style single-story apartment complete with private large patio (average ±300 sq.ft).

14833 MAGNOLIA Boulevard

Price: $10,200,000
Units Total: 36
Lot Size: 29,291
Living Area: 31,378
Year Built: 1963
Parking: Yes
Days on Market: 14
Description: 14833 Magnolia Blvd is a thirty-six unit apartment building located in a highly desirable Sherman Oaks location which recently underwent an extensive exterior and common area renovation, as well as a number of interior unit renovations. There is an excellent unit mix of Four Singles, Eight One Bed / One Bath, Two Two Bed / One Bath, Twenty-Two Bed / Two Bath and Two Two Bed / Two Bath / Den Units. Built in 1963, this property is subject to rent control. The property offer residents a desirable Sherman Oaks location on Magnolia Blvd, just East of Kester Avenue. Residents are just a few minutes away from the Sherman Oaks Galleria, Sherman Oaks Recreation Center and plenty of dining and entertainment on Ventura Blvd. Located at the hub of the San Fernando Valley, convenient 101 and 405 freeway on-ramps allowed residents to easily access major employment and entertainment center of Los Angeles.

6144 WHITSETT Avenue

Price: $2,950,000
Units Total: 17
Lot Size: 19,987
Living Area: 29,148
Year Built: 1948
Parking: 0
Days on Market: 97
Description: Welcome to Whitsett Estates, an amazing development opportunity in the Valley Glen neighborhood of NOHO. This district has high demand for new residences, which will gives locals the ability to live, work, dine, shop and play all within a short commute. Approved plans include a building with 17 units, a contemporary 4 stories / 16 units with subterranean garage and 2-story detached townhouse with 2-car garage and private yard. Currently there are 4 units and 1 house on the property, and are all vacant. Permits are ready to be pulled. Adjacent to NOHOWest new project development, offering expanded retail shopping and restaurants. Commuter-friendly access to the 170, Studio City, Metro Orange Line and NOHO Arts District.

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: 108
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.

Moreno Valley, 24426 Dracaea Avenue

Price: $4,900,000
Units Total: 18
Lot Size: 993
Living Area: 27,000
Year Built: 2007
Parking: 2
Days on Market: 513
Description: 18 THREE STORY LUXURY TOWN HOMES FOR SALE. ALL HAVE SEPARATE APN#S BUT HOA HASN’T BEN ACTIVATED YET. COULD BE ACTIVATED AND SOLD SEPARATELY IN THE FUTURE. 10 UNITS HAVE 3 BEDROOMS 2.5 BATHS PLUS LOFT ON THIRD FLOOR. 8 UNITS HAVE 3 BEDROOMS 3.5 BATHS, ALL EIGHT OF THESE HAVE MASTER SUITES. UPGRADES INCLUDE MARBLE FLOORS IN KITCHEN, GRANITE COUNTERTOPS IN KITCHENS and BATHS, , HIGH CEILINGS, BERBER CARPET, WHIRLPOOL STAINLESS STEAL APPLIANCES, CANADIAN MAPLE WOOD CABINETS, WASHER AND DRYER HOOK UPS, CENTRAL AIR AND HEAT, DOUBLE PAIN WINDOWS, 2 CAR GARAGES, PATIOS, ALL UNITS ARE IN GOOD SHAPE. TENANTS PAY ELECTRIC AND GAS.

Panorama City, 14732 BLYTHE Street

Price: $5,550,000
Units Total: 27
Lot Size: 27,600
Living Area: 26,670
Year Built: 1962
Parking: 0
Days on Market: 29
Description: This 27 unit building on Blythe is an opportunity for a new investor to acquire a property in a dense North Los Angeles location with tremendous value-add potential. The current ownership has begun a unit interior renovation program to unlock the income potential. To date, 5 of the 27 units or approximately 18.5% of the units have been renovated under this program and 40% rent upside remains to be captured through further unit renovations. Further, the potential for income generation continues to improve with average rents for two bedroom units exceeding $1,800 per month in the submarket. A new investor can simply follow the blueprint laid out by the current owners to capture the upside and increase the net operating income of the property. —- All Two and Three Bedroom Units* Building Size of 26,670 Square Feet* Current Owners have Renovated 5 of the Units realizing premiums of 40% to in-place rents and 44% average return on costs* Currently 100% Occupied*

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: 99
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”).

23756 Sunnymead Boulevard

Price: $3,200,000
Units Total: 28
Lot Size: 175,547
Living Area: 24,900
Year Built: 1960
Parking: 28
Days on Market: 6
Description: First time being offered in 30 years, subject property is 100% single story cottage style building is situated on a large lot of 4.03 acres. The property consists of six, one bedroom one bathroom units, fourteen, two bedroom one bathroom units, six, three bedroom one bathroom units, and two retail units. The property is non-rent controlled area with over 50% upside in rents resulting in 8.22% CAP rate. Neatly located on a highly visibility street with even higher visibility, and it has convenient access to Freeway I-60 and I-215. The city of Moreno Valley is located at the intersection of FWY 60 and 215, and bordered by the city of Riverside and Redlands. The city of Moreno Valley contains a median household income of $54,299 and a median home price of $316,200. Investors who are seeking a mixed-use property will be great for this type of property. This investment opportunity offers a stable cash flow and an opportunity to increase rents through renovation in one of the strongest rental markets in the Inland Empire.