Residential Income, California | Page 1 -001-11-30T00:00:00-08:00
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Azusa, 212 South Azusa Avenue

Price: $20,600,000
Units Total: 96
Lot Size: 138,334
Living Area: 78,656
Year Built: 1960
Parking: 204
Days on Market: 157
Description: Triqor Group is pleased to present Tribeca Apartments, a 96-unit garden-style apartment community located in Azusa, California. Tribeca was built in 1960, boasting well designed, spacious units with many units having been upgraded to earn premium rents. New ownership will be able to continue the proven model with the remaining units and further boost NOI growth. In addition, the buyer can take advantage of assuming the in-place loan which is better than the current market financing. Tribeca Apartments offers an astute investor the opportunity to purchase a well located, well-maintained, institutional quality asset with over 10% upside in rents and a mid-5% cap rate on market. The Tribeca Apartments is strategically located near Interstate 210 with frontage on Azusa Ave, the city’ s major north / south thoroughfare. The property is 3.5 miles east of the 605 Freeway and 5 miles west of the 57 Freeway. The property is surrounded by major employment, retailers and a rapidly growing population. Additionally, Tribeca is in close proximity to higher education institutions including Azusa Pacific University and Citrus College. Tribeca is 1 mile from the new Downtown Azusa train station for the Foothill Gold Line, further connecting tenants to Downtown LA.

Blythe, 400 North PALM Drive

Price: $3,300,000
Units Total: 70
Lot Size: 402,494
Living Area: 66,000
Year Built: 1991
Parking: Yes
Days on Market: 399
Description: Now fully rehabbed and vacant units ready to be leased up, Recently Foreclosed, Newer 1991 built Pride Garden apartment complex consisting of 70 units in 15 buildings plus rental office, of which 30 are 2 Bedroom 1 bath and 40 are 3 bedrooms 1.5 bath townhouse style, over 2.5 Million spent to rehab complex in 2008 total cost over $9M. Building is currently 50% rented with rents that are 30% below market, Market rents are 725 for the 2 bedrooms and 800-825 for the 3 bedrooms market rents, each unit has own laundry hook ups and water heater. Amenities include: Pool, Rec room, secured ample parking, each unit has its own outside private storage room, Tremendous long term upside on rents.

Menifee, 25478 Roufus Road

Price: $450,000
Units Total: 4
Lot Size: 0
Living Area: 60,113
Year Built: 1973
Parking: 2
Description: Four income producing units, plus 2 car garage, with income producing storage yard on a 1.38 acres! Well with storage tank! Units all have separate septic systems. Established tenants. Great turnkey investment property!

Huntington Park, 6130 Rugby Avenue

Price: $3,500,000
Units Total: 13
Lot Size: 44,847
Living Area: 51,000
Year Built: 1989
Parking: 2
Days on Market: 103
Description: Price Reduction! There are 15 separate condos (variety of sizes) for sale as a package deal in the same community. This community is centrally located in a desirable area in the heart of Huntington Park, CA. Close walking distance to shopping, restaurants, schools, transportation and community amenities. It is just minutes to Downtown LA and near interstates 10,110,710 and 1·05. All 15 condos have 2 spacious bedrooms, 2 full bathrooms, dining area and laundry hoop. · 9 of these condos have an additional loft bonus room with a fireplace. Can be used as a 3rd bedroom, office or a family room. · Quiet gated and secured community built in 1989 with a total of 60 units. · Gated underground parking with remote access. · Beautiful courtyard with pool and spa area. · Elevator and laundry room. · Low HOA fees of $176 / month includes all utilities (Exterior) and fire insurance. · Currently 100% are rented and tenant occupied with no rent control.

Westminster, 7661 Baylor Drive

Price: $13,350,000
Units Total: 54
Lot Size: 65,776
Living Area: 44,487
Year Built: 1963
Parking: 80
Days on Market: 2
Description: Beach West Apartments is a 54-unit multifamily investment property centrally located in the city of Westminster, California. The property enjoys easy access to the local freeways, is close to major employers, parks, the beach, and a number of small and large retail centers. Situated on a 1.51-acre lot, the 44,487 square foot property consists of one-bedroom and two-bedroom floor plans. Built in 1963, the property offers amenities including on-site laundry and ample parking spaces.

Chino, 4330 Walnut

Price: $1,198,799
Units Total: 2
Lot Size: 36,626
Living Area: 36,626
Year Built: 1954
Parking: 3
Description: Excellent L-Shaped 2 on a lot. Investment Opportunity! Build 7 or more two Story homes, lease existing homes, or hold them to capture additional parcels! See similar surrounding communities. (I. E next door to Walnut property-example of what a property like this offers builders). Great area of Chino, walk to school, church and fry access close by. Both homes have their own driveway, one is accessed form Norton the other from Walnut. Both newly remodeled in the past year w / new flooring, Norton property has new kitchen, new dual pane windows, new floors, both have new roofs, both have new garage doors. Value is in Land, or building more homes. Leaving them as is an leasing them brings in very good money. Both Walnut and Norton have laundry areas. Walnut, a Vintage Charmer has 4 rooms one is sewing rm. Or office. 2 baths, formal dining and huge living rm. Large patio for entertaining. Original Hardwood floors, Master has huge walk-in closet and Its own bath. Front porch on Walnut. Enjoy huge amount of parking for both properties and unobstructed of land with lots of possibilities.

Long Beach, 1405 Lewis Avenue

Price: $7,800,000
Units Total: 20
Lot Size: 17,496
Living Area: 34,000
Year Built: 1920
Parking: 20
Days on Market: 59
Description: 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!

La Crescenta, 3030 Montrose Avenue

Price: $15,600,000
Units Total: 38
Lot Size: 47,323
Living Area: 28,636
Year Built: 1973
Parking: 83
Days on Market: 12
Description: MONTROSE VILLA – 3030 Montrose Avenue is a 38-unit luxury apartment community in the highly desirable city of La Crescenta, California. This offering presents a rare opportunity for investors to acquire a very well located, non-rent-controlled, upgraded apartment community with an approved condo tract map in one of the strongest submarkets in the Los Angeles County. The property is a two-story, above parking, beautifully landscaped garden style apartment that was built in 1973 and has undergone extensive renovation in the past years. It is comprised of three buildings with a center courtyard, fenced swimming pool, jacuzzi, and situated on a large ±47,323 sq.ft (±1.09 acre) lot size. The property has a quiet ambiance and surrounded by single-family houses, condominiums and other area amenities such as churches and retail stores. It offers an excellent unit mix of two (2) x 3 bedroom + 2 bathroom, twenty (20) x 2 bedroom + 1 bathroom, and sixteen (16) x 1 bedroom + 1 bathroom units. Each unit is large and bright with an attractive layout. The 3-bedroom unit has an estimated size of ±1,050 sq.ft, 2-bedroom unit has an estimated size of ±800 sq.ft, and the 1-bedroom unit has an estimated size of ±650 sq.ft. Upgraded units have laminate wood flooring, upgraded kitchen with quartz / granite countertops and new kitchen cabinets, stainless steel appliances, completely redone bathroom with new vanity, new A / C units, ceiling fans, mirrored closet doors, and double pane windows.

1520 North El Camino Real

Price: $12,950,000
Units Total: 22
Lot Size: 20,489
Living Area: 28,311
Year Built: 2010
Parking: 42
Days on Market: 8
Description: Venetian Villas – Located in one of the premier beach cities 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 the heart North Beach San Clemente. Built in 2010, this Montecito / Ole Hanson inspired designed 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: 299
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.

Los Angeles, 2165 West WASHINGTON

Price: $6,000,000
Units Total: 26
Lot Size: 28,551
Living Area: 24,666
Year Built: 1924
Parking: Yes
Days on Market: 10
Description: Prime West Adams / Mid-City location. 26 total units including 10 commercial units, 12 apartments and a 4 unit all located at 2165 W. Washington Blvd. (APN 5074-015-002) and (5074-015-001); a parking lot at 2153 W. Washington Blvd. (APN 5074-015-022) and 1831 S. Oxford Avenue (5074-015-023) being sold together as a potential to reposition the asset. The property consists of 22 commercial units and mixed use buildings located at 2165 W. Washington Blvd. And 2153 W. Washington Blvd. On a 22,270 sq. Ft. Lot zoned LAC2. Rents are as follows: 10 Commercial= $16,310; 12 Upstairs Apartment Units= $12,732; 4 Units located at 1831 S. Oxford 1 + 1’s= $4,872. Good income producing property for now. Buyer to conduct own independent investigation in regard to any future plans. Please call for Listing Package.

Inglewood, 919 South Prairie Avenue

Price: $8,495,000
Units Total: 50
Lot Size: 30,827
Living Area: 22,861
Year Built: 1959
Parking: 44
Days on Market: 86
Description: The subject property is a 50-unit apartment building across the street from the City of Champions NEW NFL Stadium which will be known as L. A. Stadium and Entertainment District at Hollywood Park. In accordance with the current zoning, FAR and City Planning of Inglewood, the potential upside would be to re-develop a 6-story mixed-use hotel with residential units.

Norwalk, 12645 Norwalk Boulevard

Price: $6,100,000
Units Total: 24
Lot Size: 27,878
Living Area: 21,145
Year Built: 1963
Parking: 0
Days on Market: 10
Description: Faircrest Apartments is a 24-unit non-rent controlled multifamily investment property located at 12645 Norwalk Boulevard in the city of Norwalk, California. Situated on a 0.64-acre lot, the 21,145 square foot property consists of studio, one-, two-, and three-bedroom units averaging 881 sq.ft. Built in 1963, the property offers an attractive range of amenities including a spacious courtyard with a sparkling swimming pool, carport parking, and on-site laundry. Residents of Faircrest Apartments enjoy easy access to Interstate 5, Norwalk / Santa Fe Springs Transportation Center, libraries, schools, and a plethora of major retail centers.

4100 Harrison Canyon Road

Price: $3,000,000
Units Total: 25
Lot Size: 94,865
Living Area: 19,554
Year Built: 1963
Parking: Yes
Days on Market: 240
Description: A Truly Unique property. 25 unit apartment complex on the east side of the 215, which backs up to the foothills. This property feels more like a condo complex. This well maintained complex has single story and 2 story units. Pool, laundry room. Off the beaten track, quiet, secluded.

Whittier, 14149 Mulberry Drive

Price: $6,588,000
Units Total: 26
Lot Size: 42,253
Living Area: 19,448
Year Built: 1956
Parking: 0
Days on Market: 40
Description: Mulberry Drive Apartments is a 25 + 1* unit multifamily investment property located in the city of Whittier California. Situated on a 0.97-acre lot, the 19,448 square foot property consists of studio, one-, and two-bedroom floor plans averaging 748 sq.ft. Built in 1956, the property offers an attractive range of amenities including covered carport parking, a large central courtyard, a swimming pool, and an on-site laundry facility. *One studio unit is non-conforming

Cudahy, 5250 Elizabeth Street

Price: $6,500,000
Units Total: 26
Lot Size: 40,871
Living Area: 18,868
Year Built: 1925
Parking: 57
Days on Market: 19
Description: An multifamily investment opportunity of this size, potential, and quality is rare in today’s Los Angeles market. The property consists of 5 buildings totaling 18,868 rentable square feet on a very large 40,870 square foot lot. The property has an ideal unit mix of 24 Two Bed / One Baths and 2 Four Bed / Two Bath free standing units. Every unit is individually metered for gas and electricity and has ample parking for all tenants. There are a total of 57 available parking spaces. In addition, twelve of the units have their own water heaters and have individual, enclosed patios. The four bedroom units have their own private parking lot and enclosed patios as well. There are also community laundry facilities available for tenants. The property is NOT subject to rent control, and has potential upside in rents of up to 23%! A majority of the units have been significantly rehabbed. This rehab includes: tile and / or vinyl plank flooring, new paint, new granite counter tops and kitchen cabinetry, ceiling fans, new bathroom vanities, tile shower enclosures and other attractive finishes throughout!

Los Angeles, 5509 VIA MARISOL

Price: $5,329,000
Units Total: 11
Lot Size: 19,600
Living Area: 18,760
Year Built: 2006
Parking: 18
Days on Market: 26
Description: MUST SEE AND HARD TO FIND BEAUTIFUL MEDITERRANEAN TOWNHOUSE IN MONTEREY HILLS FEATURES 11 UNITS MIX OF 8 UNITS WITH 3 BEDS AND 2.5 BATHS WITH LARGE STORAGE ROOM NEXT TO GARAGE PLUS OWN ROOFTOP PATIO. AND 3 UNITS OF 2 BEDS AND 2 BATHS WITH STORAGE ROOM NEXT TO GARAGE PLUS OWN ROOFTOP PATIO. ALL INSIDE UNITS ARE BRIGHT OPEN FLOOR PLANS AND SOME OF THE UNITS WITH UPGRADED FULL-SIZE KITCHEN WITH GRANITE COUNTER TOPS CROWN MOLDINGS, TRAVERTINE FLOORS, WOOD FLOORS IN STAIRWAYS TO ALL THE BEDROOMS. MASTER BEDROOM HAS WALK-IN CLOSET WITH BALCONY. TWO OTHER UNITS MIGHT BE PURCHASED TOGETHER TOTALING ENTIRE 13 UNIT COMPLEX. LOCATED CLOSE TO PARK, DODGER’S STADIUM, AND DOWNTOWN LA.

2270 North Beachwood Drive

Price: $10,000,000
Units Total: 21
Lot Size: 21,780
Living Area: 17,380
Year Built: 1928
Parking: 21
Days on Market: 65
Description: Villa Monterey Apartments is a 21-unit multifamily community located in Hollywood, CA. Originally built in 1928, Villa Monterey represents an opportunity to acquire a mid-size multifamily asset in one of the most sought after submarkets in Los Angeles County. Situated on one 0.50 acre parcel, the property features 21 units including (1) studio measuring approximately 600 sq.ft, (17) one-bedroom / one-bathroom units averaging approximately 800 sq.ft, and (3) two-bedroom / one-bathroom units averaging approximately 1,060 sq.ft. The property also includes gated vehicle and pedestrian access, covered parking, a charming central courtyard with a stone fireplace and fish pond, and on-site laundry.

Whittier, 13112 Hadley Street

Price: $4,988,000
Units Total: 22
Lot Size: 15,178
Living Area: 17,127
Year Built: 1992
Parking: 24
Days on Market: 93
Description: Well maintained quiet neighborhood in the City of Whittier. “Bright and Hadley Building”. Built in 1991. Total 22 units mix building. Non-Rent Control. Inside total 17,127 sq. Ft on the lot size of 15,178 sq.ft. Downstairs has 12 units of Professional Offices. Upstairs has 10 units of Residential Apartments. Each unit has its own Central AC / Heating System and Water heater, new Dual Panel Windows, Crown Ceiling Molding, Wood Flooring. Upstairs are 10 Residential Units, 4 have 2 bedrooms / 2 baths, plus 4 units with 2 bedrooms and 1.5 bathrooms. 1 unit has 2 bedrooms and 1 bath and 1 unit has 1 bedroom and 1 bath. Total gross yearly rent approx. $333,271. The yearly expenses approx. $92,213. Annual yearly net profit is approx. $241,057. Upstairs has Laundry Room for Residential Tenant use. It is an excellent Investment Building for Long Term and Short Term Investors which allows the new Investor a great opportunity to increase the rents. An underground Gated Parking Lot. Nearby Whittier City College, Whittier City Hall, Post Office, Library and Whittier Old Town.

Los Angeles, 5437 VIRGINIA Avenue

Price: $4,400,000
Units Total: 22
Lot Size: 7,500
Living Area: 17,088
Year Built: 1929
Parking: 0
Days on Market: 5
Description: The classic Hollywood apartment building, the subject property was built in 1929, and two APN included 5536 009 006 and 009, (7) 2 bed 1 bath units, (9) 1 bed 1 bath units and (6) single units. Additionally, the building is separately metered for electricity. The property is very well maintained and has seen several recent improvements that include: all new wall-mounted heating and cooling units, new electric stoves, and new electrical panel. New dual pane vinyl windows and the foundation was bolted approx 6 years ago while the roof and building interiors were redone a few years ago.

Highland Park, 376 North Avenue 57

Price: $5,490,000
Units Total: 24
Lot Size: 19,986
Living Area: 16,671
Year Built: 1962
Parking: Yes
Days on Market: 128
Description: Highland Park Apartments – 376 N Ave 57 is a prominent 24-unit apartment community located in the gentrified neighborhood of Highland Park, CA. The property is strategically located within walking distance to Highland Park Metro Station. It is also within walking distance to elementary and high school and within minutes to the well-known Occidental College in Eagle Rock. It has superb access to Downtown Los Angeles via FWY 110, and minutes to FWY 2, FWY 134 and FWY 210. This property has been under the same ownership since 2000 and is the first time ever being offered for sale. The property is situated on a quiet, residential street surrounded by single family residential and apartment communities. There is several new residential development projects nearby that demonstrate the strength of local property market. The property is a very well maintained three-story garden style apartment community with a center courtyard and a fenced swimming pool. It was built in 1962 and is situated on a large 19,986 sq.ft lot size. It offers an attractive unit mix of two (2) 2bed + 1bath, twenty (20) x 1bed + 1bath, and two (2) large Studio units, and has a total of 22 parking spaces. It is separately metered for electricity and gas. The property is under rent stabilization ordinance (rent control). The property offers ±42% rental upside potential. Some of the units have been upgraded, giving buyer a head start and built-in rent comparable for their value-add plan.

Big Bear, 1264 Clubview Drive

Price: $2,025,000
Units Total: 14
Lot Size: 43,200
Living Area: 15,360
Year Built: 1985
Parking: 0
Days on Market: 94
Description: Remarkable opportunity across from Bear Mountain Ski Area. Combination of units and condos in 6 buildings, 32 bdrs, 24.5 baths, 20 fireplaces + 8 units have 2 fp each. Named for it’s view of the ski area and golf course. Mgr. Unit and office incl. In above count. 3 large parking lots. Ongoing exterior paint of decks and railings. Some units available for showing.

1838 East Badillo Street

Price: $4,600,000
Units Total: 20
Lot Size: 26,540
Living Area: 15,050
Year Built: 1961
Parking: 25
Days on Market: 44
Description: 1838 East Badillo Street is a + / -15,050 sq.ft multi-family property ideally located in West Covina, in Los Angeles County. Built in 1961, the two-level twenty (20) unit property features (9) x 2 bedroom / 1 bath apartments and (11) x 1 bedroom / 1 bath apartments on approximately + / -26,737 sq.ft parcel of land. Each unit comes with wall A / Cs, wall heater, stove and ceiling fans. The property has undergone major renovation which makes it easy to operate due to no known deferred maintenance. 25 parking spaces are available in the rear of the property, with 20 carport spaces and 5 open spaces. Additional street parking is also available. Subject property is ideally located just minutes north of the 10 Freeway, via Azusa Avenue, a major thoroughfare through the city. The subject property is within minutes to many amenities such as parks, schools, library, shopping centers, and public transportation.

Studio City, 11145 SUNSHINE Terrace

Price: $6,050,000
Units Total: 8
Lot Size: 12,165
Living Area: 14,998
Year Built: 2009
Parking: Yes
Days on Market: 192
Description: We are pleased to introduce 11145 Sunshine Terrace, located in Studio City, CA. This is a rare opportunity for an investor to acquire a trophy apartment building in the hills of Studio City. This 2009 construction building is not subject to rent control. The rents are currently below market, and a new owner could step in and raise rents to market with relatively minimal work required. This property lacks direct competition in its immediate area. The minimum home rental price in the immediate area hovers around $5,500. There is plenty of room between that price and the building’s current rents, which provides plenty of upside to be capitalized upon. These 3 bedroom 2.5 bath townhomes are condo mapped, with several layouts, and were originally built to be sold individually. This presents a new owner with an opportunity to hold onto these units as a rental property or to individually spin them off when market pricing is optimal.