Residential Income, California | Page 1 -001-11-30T00:00:00-08:00
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Reseda, 18633 Vanowen Street

Price: $575,000
Units Total: 2
Lot Size: 5,520
Living Area: 410
Year Built: 1950
Parking: 8
Days on Market: 70
Description: Two small homes with separate APN’s need to be sold as one. Sold in conjunction with APN 2126-024-006 (also for $300,000. Seller is in the process of rehabbing the properties. Great opportunity here. Sold for land value mostly. Back house is a 2 + 1 with a nice sized rear yard. The front house is a 1 + 1. The seller has installed a new sewer line up to the street. The back house had major foundation damage which is being repaired. Sold in it’s “As-Is” condition no further repairs paid by seller. Must be sold together. Each house $300,000.00 = $600,000 for both.

Long Beach, 1051 ALAMITOS Avenue

Price: $665,000
Units Total: 3
Lot Size: 3,733
Living Area: 426
Year Built: 1945
Parking: Yes
Days on Market: 97
Description: Great 1st time buyer 3 units property. Live in one and collect rent from other units as income. Drive by only. Please do not disturb or ask any questions to any tenants. . 1051 was just rented for $1500. Unit 1053 1/2 will be delivered vacant at the close of escrow. Please do your own due diligence

1232 South KENMORE Avenue

Price: $1,025,000
Units Total: 5
Lot Size: 5,908
Living Area: 428
Year Built: 1913
Parking: Yes
Days on Market: 15
Description: Marcus and Millichap is pleased to present the exclusive listing of a 5 unit apartment building located at 1232 SKenmore St. Located in the heart of booming Koreatown, this property is surrounded by over 50 luxurydevelopments that will raise the skyline of Los Angeles forever. The property consists of a 4 unit structure in front, including 4 large and bright one bedroom one bathroomunits with den. The detached structure in the back consists of a one bedroom one bathroom unit. The propertyincludes gated on site parking. This is a tremendous opportunity for the value add investor who is able to capture the upside in rents in thisfast growing area.

Los Angeles, 945 West 62ND Place

Price: $1,399,000
Units Total: 8
Lot Size: 12,385
Living Area: 512
Year Built: 1925
Parking: Yes
Days on Market: 56
Description: Great opportunity to own this 8 unit investment property on a large lot. Property is located less than two miles from the proposed new development at Vermont ave and Manchester Ave. 5 units are 2 bedrooms, 1 bath and 3 units are 1 bedroom, 1 bath. Large lot allows for plenty of parking for all tenants.

8765 South SAN PEDRO Street

Price: $485,000
Units Total: 4
Lot Size: 2,517
Living Area: 529
Year Built: 1925
Parking: Yes
Days on Market: 55
Description: Standard Sale. Don’t miss this opportunity to own 4 units, Located near Fwy 110 perfect for the first-time buyer. Seller will look at all offers.

Crestline, 1094 JUPITER Way

Price: $215,000
Units Total: 0
Lot Size: 19,290
Living Area: 540
Year Built: 1946
Parking: 1
Days on Market: 135
Description: Here’s your chance to own a mountain income property! Two charming single family cabins nestled on 19,290 sq.ft of natural forest on a downward facing slope. This property is located near Lake Gregory and Downtown Crestline. Bring all offers as this property will sell fast!

967 South Ford Boulevard

Price: $425,000
Units Total: 2
Lot Size: 3,128
Living Area: 550
Year Built: 1922
Parking: 0
Days on Market: 32
Description: This beautiful cozy corner lot home offers 2 bedrooms 1 bath fully remodeled with a perfect floor plan. The second unit in a single (please note second unit is a non confirming garage conversion) also remodeled to help with extra income. Singles in that area go for over $700 monthly. Front house is remodeled with new flooring, interior and exterior paint. Property has recess lighting and remodeled kitchen. This corner lot offers plenty of parking in a hard to find area!

304 North KENMORE Avenue

Price: $1,575,000
Units Total: 3
Lot Size: 6,210
Living Area: 557
Year Built: 1921
Parking: Yes
Days on Market: 152
Description: Price Change! This is a three multi family unit income generating property, composed of two (2) buildings, two (2) spacious, 2 bedroom / 2 bathroom units and a one (1) 1 bedroom / 1 bathroom back unit. This property is in the process of being entitled for a 21-unit, 4-story mixed-use with ground floor commercial. This project takes advantage of the Transit Oriented Communities (TOC) incentives. This property is a great option for developers looking to build in booming Koreatown, Los Angeles. Koreatown is in extremely high demand for rental apartment units and development, so do not miss out on this tremendous opportunity to own in one of the hottest markets in Los Angeles. Do not disturb tenants.

836 South CATALINA Street

Price: $2,800,000
Units Total: 8
Lot Size: 7,249
Living Area: 600
Year Built: 1922
Parking: 0
Days on Market: 152
Description: Price Change! This is an eight (8) unit multifamily investment opportunity located in the Koreatown submarket of Los Angeles. This income generating property is built in a unique courtyard style and is composed of seven (7) spacious 1 bedroom / 1 bathroom units and 1 studio unit, located in five separate buildings, separated from public space with a front gate. Centrally located in the heart of booming Koreatown, just one block away from the newly built Robert Kennedy School. This property is pending entitlement for a 27-unit 7-story new construction complex with basement parking. This project takes advantage of the Transit Oriented Communities (TOC). Showing with accepted offer.

Canyon Country, 18808 Mandan Street

Price: $245,000
Units Total: 1
Lot Size: 188,382
Living Area: 635
Year Built: 1984
Parking: 2
Days on Market: 2
Description: What a deal! This one bedroom, one bath condo with low HOA’s is located near the Santa Clara river in beautiful Santa Clarita, California. The community has a resort-like feel with a sparkling pool, spa, double lighted tennis courts, gym and laundry. Located on the upper floor, the kitchen and dining room are both ready for your delicious creations. Kitchen has granite counter tops and copper plumbing. The spacious living room has a sliding glass door to your private and cozy balcony. A door and hallway separates the bathroom and bedroom from the front of the home giving it a suite feel. With vaulted ceilings, plantation shutters and natural light this condo could be the one you have been waiting for! Priced handsomely, it is being sold as-is, where-is. Buyer to verify all information and rely on their findings. This complex may not be approved for FHA or VA financing.

Cypress, 4851 Grace Avenue

Price: $539,000
Units Total: 1
Lot Size: 7,450
Living Area: 640
Year Built: 1920
Parking: 0
Days on Market: 28
Description: THIS LOT CAN ADD 2 ADDITIONAL UNITS (RM20 FA) The lot has an existing 2 bedroom 1 bath house that has been rented out for the past 3 years to the same tenant who pays $2000.00 per month net. Owner has plans that were previously approved by the city of Cypress for building an additional 1898 sq.ft – 3 bdrm – 2.5 bath home behind the existing home. If new buyer would like to use these plans, they can be resubmitted to the city for approval. To view house plans See Supplements THE LOT IS ZONED FOR 3 UNITS. See SEE SUMMARY OF PROJECT ESTIMATED COST AND SITE PLAN FOR ADDING 2 UNIT in Supplemental Section. Cypress has top rated schools. Buyer can receive rental income while processing approval for the additional house or additional rental units. Seller makes no representation as to what may or may not be developed on the property other than what Seller has already submitted. It is Buyer’s responsibility in finding out what can be developed on the property.

Westminster, 13902 Locust Street

Price: $547,000
Units Total: 1
Lot Size: 6,375
Living Area: 655
Year Built: 1950
Parking: 1
Days on Market: 7
Description: Great investor opportunity. Current renters are month to month with $1450 / mth. This property is zoned R5, and can possibly be developed into mutliple units which would be just in time for the HUGE commercial and retail project called The Village @Beach being built on Beach Blvd and Garden Grove Blvd.

Los Angeles, 1463 East 58TH Street

Price: $468,000
Units Total: 2
Lot Size: 5,426
Living Area: 676
Year Built: 1912
Parking: Yes
Days on Market: 51
Description: Located in Downtown L. A resides a wonderful Duplex property! There are two units located on a 5,426 sq.ft lot. Each unit features 2 bedrooms and 1 bathroom. Washer and dryer hook up is also available on the property. Property is located near the Augustus F. Hawkins nature Park, In-N-Out Burger and less than 3 miles from the 110 Freeways. Property has 2 water meters!

1127 South NORMANDIE Avenue

Price: $1,350,000
Units Total: 3
Lot Size: 5,906
Living Area: 682
Year Built: 1885
Parking: Yes
Days on Market: 160
Description: Huge price reduction. Located in the heart of Koreatown with LAR4 zone. Developer’s dream. Property is 100% vacant. Ready to develop 29 Unit Apt. Or 40 Units (Tier 1) Building. Price include current building plan. This property subject to sell together with 1123 S. Normandie Ave. Property is sold in AS Is and Where Is condition.

Los Angeles, 7415 South MAIN Street

Price: $590,000
Units Total: 1
Lot Size: 6,360
Living Area: 690
Year Built: 1922
Parking: Yes
Days on Market: 12
Description: Residential Units and Retail store mixed use property. There are Two residential units. Each unit consisting of 2 Bedrooms + 1Bathroom. The Front unit is a store with 1/2 bath. Zone LAC2-1. All occupied with month to month Agreement. The property is built with block walls all around. Separate meters and own washer and dryer for residential units. Agent Remark: Tenants occupied. Please Do not disturb. Income and Expense are calculated on the current data provided by Seller, but it should be recalculated newly again by Buyer, the Net Operating Income would be modified due to changed incomes and expenses according to various conditions. Buyer must needs advises from professionals on Income Property

Los Angeles, 425 South UNION Avenue

Price: $2,100,000
Units Total: 4
Lot Size: 9,140
Living Area: 696
Year Built: 1921
Parking: 0
Days on Market: 152
Description: Price Change! This is a five (5) unit multifamily investment opportunity located in the Westlake / MacArthur Park submarket of Los Angeles. This income generating property composed of four (4) 1 bedroom / 1 bathroom units, and one (1) studio. This property is in the process of entitlement for a 33-unit, 6-story new construction complex. This project is taking advantage of the Transit Oriented Communities (TOC) incentives to add more density to the complex. This property is a great option for developers looking to build in booming Los Angeles market. Do not disturb tenants.

Los Angeles, 1106 South HOBART

Price: $1,400,000
Units Total: 2
Lot Size: 6,213
Living Area: 700
Year Built: 1922
Parking: 0
Days on Market: 5
Description: Developer’s rare opportunity! Three vacant residential properties (1100,1106,1110 S Hobart Blvd. Sold 3 lots together at Total $4.2M). Total lot size of the three lots is 18,630 sq.ft in Koreatown prime location. Buyer to verify property measurements. TOC determination letter of apartment building of total 39 units was already issued and we are expecting building RTI by the end of February, 2019. The apartment building can be converted to condominium building during the construction. The unit mix of the building is: 21 units of 2 bedrooms, 18 units of 3 bedrooms. This is really a developer’s rare opportunity to build a fancy apartment or condominium building in the heart of fast growing Koreatown area. Listing agent has an ownership interest in this property.

San Bernardino, 1131 Barton Street

Price: $225,000
Units Total: 1
Lot Size: 7,500
Living Area: 704
Year Built: 1940
Parking: 2
Days on Market: 14
Description: GREAT INVESTMENT OPPORTUNITY! 2 FOR THE PRICE OF 1! HOME FEATURES 2 BEDROOMS AND 1 BATH WITH A BONUS ROOM USED AS A 3RD BEDROOM, CONVERTED GARAGE WITH 1 BEDROOM AND 1 BATH. THE 5,300 sq.ft LOT IN THE BACK OF THIS HOME IS ALSO INCLUDED IN THIS SALE, FOR ENDLESS POSSIBILITES. HURRY THIS OPPORTUNITY WILL NOT LAST!

Los Angeles, 5809 VENICE

Price: $995,000
Units Total: 2
Lot Size: 2,209
Living Area: 712
Year Built: 1940
Parking: Yes
Days on Market: 274
Description: This duplex is currently used as a single family and is located on a C2 lot. Both 1 bedrm – 1bath units occupied for commercial use currently. Property has 2 enclosed garages and 2 carports The square footage does not include the area in the two enclosed garages. There is additional room for 5 cars to park in front of the property. Tenant pays all expenses except property tax and insurance. Located close to transportation and expo line.

Reseda, 18635 Vanowen Street

Price: $575,000
Units Total: 1
Lot Size: 5,510
Living Area: 717
Year Built: 1953
Parking: 4
Days on Market: 70
Description: Great opportunity for owning an investment property! Live in one, rent the other! The back house is a two bedroom, one bath house has recently had interior foundation repaired. New carpet and paint, new cabinet in bathroom, new flooring in kitchen. Separate APN’s must be sold together. Sold in conjunction with MLS#SR18241666 and APN 2126-024-002. Total price for both $575,000.00 New sewer line installed up to the street was installed in October. New plumbing in front unit installed. New subfloor in front units bathroom. Two homes – one is a 1 + 1 and the other is a 2 + 1, each with separate yards, and shared driveway. Property to be sold in it’s AS-IS condition with no further repairs to be paid by the seller. This is a great opportunity to live in one, rent the other. Carport needs work

Orange, 283 North Batavia Street

Price: $499,000
Units Total: 1
Lot Size: 4,750
Living Area: 720
Year Built: 1949
Parking: 3
Days on Market: 172
Description: This charming mid century home is located within the historic “Old Towne Orange District” just a few blocks from Chapman University and Orange Circle Plaza. The classic well maintained interior features wood floors and knotty pine cabinets. Plumbing and electrical systems have been upgraded or replaced. The spacious rear yard is perfect for play and entertaining. There are mature citrus trees and hardwood trees which afford shade to the expansive yard. Sitting on a spacious approx. 4,750 sq.ft lot there is plenty of potential for expansion or for the possible addition of an ancillary dwelling unit.

Loma Linda, 25098 Court Street

Price: $325,000
Units Total: 2
Lot Size: 13,665
Living Area: 720
Year Built: 1910
Parking: 2
Days on Market: 142
Description: 2-Unit Investor Special! Great opportunity for a Cash Buyer. This is two parcels with two living units in area zoned highest residential density. Buyer to satisfy themselves re: structure sq. Ft., beds / baths, permits, etc. Only serious offers will be considered – must provide proof of funds with offer. Includes APN: 0283-082-24-000 (Lot 1) and APN: 0283-082-25-0000 (Lot 13)

Los Angeles, 4406 FINLEY Avenue

Price: $1,499,000
Units Total: 2
Lot Size: 6,035
Living Area: 728
Year Built: 1921
Parking: Yes
Days on Market: 83
Description: This exceptional property is located in a prime Los Feliz area. Property consists of two one bedroom + one bath units. Each unit has been updated with numerous amenities. (Hardwood floors, granite kitchens and bathrooms, washer / dryer hook ups) Front home has a fireplace and French doors that leads out to a large open patio area. A long driveway leads to two enclosed garages plus additional parking. A bonus office with a half bath is also an additional space. Both homes are empty. Easy to show, call listing agent.

Los Angeles, 710 West 55TH Street

Price: $499,000
Units Total: 2
Lot Size: 5,400
Living Area: 728
Year Built: 1929
Parking: 2
Days on Market: 42
Description: Great Opportunity to buy 2 Original Styled Wood Framed houses on a lot. Update and Use for Income or Develop New Units Construction. Nice sized front house, with lot’s of potential, Cute rear house with 2 bedrooms, dining area, kitchen, closet for Stackable washer and dryer, large stove area. Large antique stove may be sold outside of escrow. Grassy area in rear and long driveway for parking multiple cars. Good property for income or owner with large family. Either way it’s a good investment. PLEASE DO NOT WALK THE PROPERTY OR DISTURB THE TENANTS! Property Will BE SOLD AS-IS ONLY. NO FHA / VA financing. CASH or HARD MONEY PREFERRED. Financing with large Down payment.