Residential Income, California | Page 1 -001-11-30T00:00:00-08:00
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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: 72
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.

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: 57
Description: 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, and Parks.

Los Angeles, 5420 West HAROLD Way

Price: $7,275,000
Units Total: 11
Lot Size: 9,503
Living Area: 1,640
Year Built: 2008
Parking: Yes
Days on Market: 6
Description: We are proud to present 5420 Harold Way, an 11-unit, 5-story condo building located on a quiet street in a rapidly transforming pocket of Hollywood, adjacent to Los Feliz and Thai Town. Built in 2008, this impressive architectural Deco style asset offers an investor the opportunity / flexibility to continue to operate the property as an apartment building, or sell-off the condo units individually. The property features a secured intercom entry into a light-filled lobby with polished concrete floors leading to the elevator for access to the units above. There are 2 levels of parking-one subterranean and one ground level, for a total of 25 spaces. There is a well-landscaped side / rear yard which can be converted into a dog run or outdoor common area space, as well as a top floor outdoor community deck with amazing south-facing city views.

Thermal, 69245 Polk Street

Price: $5,200,000
Units Total: 3
Lot Size: 6,272,640
Living Area: 1,600
Parking: 0
Days on Market: 251
Description: The Brown Date Garden has been a flourishing farm since the 1930’s. A one of a kind fully functioning date and citrus ranch that is a total of almost 144 acres, 57.8 on the west side of old Hwy 86 and 86.5 on the east side. The owner has spent the last five years eliminating old trees and replanting for future profit. There are numerus new trees and several acres of various Certified Organic fruit and Medjool Dates. The property includes a packing and distribution facility, four wells, two machine shops and cold storage, and a three-bedroom home. Date trees include Medjool, Barhee, Deglet Noor and Zagloo. Citrus trees include Minneola Tangelo, Sweet Lime, Grapefruit (White, Ruby, Rio Red), Lemon and Blood Orange. The potential for profit is huge with the investments and improvements made over the past five years. APN #’s 751-290-004,014,015 and 016 and 751-280-012 and 015 are all included. Trucks and equipment are negotiable outside of escrow.

Santa Monica, 2910 HIGHLAND Avenue

Price: $2,195,000
Units Total: 4
Lot Size: 6,246
Living Area: 681
Year Built: 1922
Parking: 4
Days on Market: 63
Description: Great investment opportunity. Owner – User development. Property is located in one of the best locations in Santa Monica! Close to the ocean and trendy Main Street. Property is three separate structures. One is a classic California bungalow. Other units are located above garages with views. Property is on a SMOP2 lot which is perfect for a developer. Property can be accessed from Highland Avenue or 6th Street.

Venice, 523 ROSE Avenue

Price: $3,900,000
Units Total: 1
Lot Size: 3,139
Living Area: 1,224
Year Built: 1956
Parking: Yes
Days on Market: 28
Description: Leased Investment Opportunity on iconic Rose Avenue in Venice. Restaurant building with strong tenant in place. Excellent rental income with 3% yearly increases throughout the lease term. Patio Dining. Tenant has Type 41 Beer and Wine License. Rose Avenue is now the Restaurant Row of Venice with names such as Rose Cafe, Venice Ale House, Venice Beach Wines, Makani, Butcher’s Daughter (coming soon), American Beauty (coming soon), Jeni’s Splendid Ice Cream, Wallflower, Flake, Cafe Gratitude, Groundwork Coffee Co., La Isla Bonita (food truck), Banh Mi. Joining this list is the current tenant at 523 Rose Avenue, Bluestone Lane Cafe!

Laguna Beach, 420 Bent Street

Price: $2,500,000
Units Total: 2
Lot Size: 7,728
Living Area: 813
Year Built: 1930
Parking: 1
Days on Market: 7
Description: Tucked away on this extraordinary location is a Main Beach white water ocean view Laguna Beach R-2 Duplex. The top floor is 2 bed 2 bath upper unit overlooking main beach ocean views, fireplace and plenty of outdoor serene spaces for seeing the Laguna Beach sunsets overlooking main beach. The bottom floor is one bed one bath with easy front yard access to large ocean view and parking available for up to 6 cars. Both units are surrounded by landscaping that protects tenant privacy and is trimmed to maximize views. To the left of the garage are steps leading down to bottom of Mermaid Street with immediate access to Laguna Beach finest restaurants, shopping, entertainment, and Main Beach. Buyer will have several options in acquiring this fabulous cul de sac site: buyer could live in one unit and rent the other, keep both existing long-term tenants or just hold the property for appreciation. At some time in the future, buyer can utilize the large ocean view 7728 sq.ft lot to build a single family home, subject to city building requirements at that time. All these options in a single property with a unique location, Main Beach and whitewater ocean views, and private setting makes this an attractive opportunity for anyone seeking the Laguna Beach lifestyle.

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: 72
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.

Laguna Beach, 150 Cress Street

Price: $7,800,000
Units Total: 3
Lot Size: 6,970
Living Area: 2,605
Year Built: 1955
Parking: 6
Days on Market: 45
Description: Cress Street Villas is a 3-unit multifamily investment property located in Laguna Beach, one of the premier coastal housing markets nationwide. Cress Street Villas is currently being operated as short-term rentals with an active transferable AUP (administrative use permit). Built in 1920 and 1955, Cress Street Villas offers investors the opportunity to capitalize on strong market trends, capture a prosperous tenant base, and exceptional renovations that should increase rental income by approximately 10 percent. Situated on a 0.16-acre lot, the 2,605 square foot property consists of two-bedroom and three-bedroom villas offering ocean views. Cress Street Villas offers an attractive range of amenities including spacious patios with outdoor seating, BBQ area, and ocean views, gated access, in-unit laundry; and garage parking and open parking. Cress Street Villas is just steps from Laguna Beach.

Laguna Beach, 1295 Ocean Front

Price: $7,200,000
Units Total: 2
Lot Size: 4,238
Living Area: 2,500
Year Built: 2005
Parking: 2
Days on Market: 129
Description: Luxury Ocean Front duplex, situated in the heart of Laguna Village, just steps from all the shops, restaurants and galleries in the “Hip District”. Panoramic whitewater and Catalina Island views from nearly every room in both the Penthouse / Upper and the Lower contemporary cottage duplex. This remodeled property sits on a corner lot and has no southerly neighbor – this is as ‘exclusive’ as ocean front gets in downtown Laguna Beach. Expansive wrap-around decks on both levels. Beautifully remodeled, fully furnished and equipped with Open-concept living, high-beamed ceilings and hardwood floors throughout, with walls of windows looking out to white water ocean views. All top-of-the-line appliances and decor with inside Laundry and 2-ca garage parking plus carport. Step down to the beach or stroll around the corner to fun, local amenities – festivals, beaches and tide pool coves. Great Income producing property (with history of verified rents of $9,500-20,000 / mo for upper unit at 1295 Ocean Front and $7,500-18,000 / mo for lower unit at 1293 Ocean Front). Also ideal as a second home while enjoying lucrative income from unit below. —

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: 72
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.

Los Angeles, 2042 North CAHUENGA

Price: $5,775,000
Units Total: 6
Lot Size: 6,641
Living Area: 2,276
Year Built: 1920
Parking: Yes
Days on Market: 72
Description: Price Change on this Development Opportunity! This is a six (6) unit multifamily investment opportunity located in the Hollywood submarket of Los Angeles, consisting of five separate buildings. Located in one of the hottest neighborhoods for development in Los Angeles, this site has quick access to the 101 Highway and is located near restaurants and shopping centers. This property is located on 3 contiguous lots (2042 – 2100 N Cahuenga Blvd) with 100 ft of frontage. The offering is comprised of 19,919 sq.ft of lot area with R3 zoning. This property is pending entitlement for a 34-unit 3-story new construction complex with basement parking. Do not disturb tenants. Showing with accepted offer.

Venice, 546 Sunset Avenue

Price: $2,500,000
Units Total: 2
Lot Size: 5,766
Living Area: 1,056
Year Built: 1924
Parking: 0
Days on Market: 519
Description: Prime Venice location. Right next to world Famous Venice Beach, Abbot Kenny, and many great restaurants and shops. Great potential For rebuild of large modern home or duplex great size Lot great for developer . PROPERTY HAS ACCESS TO TWO ALLEYS WHICH ALLOWS MORE CLEARANCE FOR MORE PARKING. THE FRONT OF THE LOT HAS 2 BUNGALOWS AND PLENTY OF ROOM TO GROW IN THE REAR OF THE PROPERTY

Newport Beach, 916 East Oceanfront

Price: $6,000,000
Units Total: 2
Lot Size: 2,614
Living Area: 2,597
Year Built: 1972
Parking: 2
Days on Market: 206
Description: Oceanfront 2 units, each 3 bedroom 2 bath. Must be sold with 919 E Balboa 2 units also each 3 bedroom 2 baths ( $3,000,000) which is a contiguous lot with mutual easement. Recently remodeled and furnished. Rented weekly, monthly or yearly. See supplements. Buyer to verify all financial and income information.

Los Angeles, 4406 FINLEY Avenue

Price: $1,650,000
Units Total: 2
Lot Size: 6,035
Living Area: 728
Year Built: 1921
Parking: Yes
Days on Market: 3
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.

Laguna Beach, 1234 Gaviota

Price: $6,200,000
Units Total: 2
Lot Size: 3,485
Living Area: 2,809
Year Built: 1963
Parking: 7
Days on Market: 166
Description: First time on the market in 42 years. This property is known as Blue Agave. A legal Laguna Beach short term vacation rental. Yes the city license will transfer with the property to the new owner according to the city. It is a classic California beach house located on the ocean side of the Pacific Coast Highway, between Brooks and Cress St. The properties height, profile and footprint could not be built today given current restrictions. Blue Agave is one of the last prime locations in the neighborhood and shares the neighborhood with Surf and Sand Resort, and dozens of other cafes, restaurants, galleries, shops and breathtaking vistas. The upper, 2 bd, 2 ba unit boasts 180 degree unobstructed panoramic coastline, white water, and Catalina Island views and includes a wrap around deck. The open floor plan has a classic Laguna Beach living room paneled in individual, hand cut cedar boards. A spacious galley kitchen, remodeled in early 2016. The lower unit offers 3 bd and 3 ba, all ensuite. . The living room is spacious with remarkable ocean views. The European-style galley kitchen features gas, birch cabinetry and butcher block accents. Double French doors from the kitchen lead onto a large covered, private dining deck as well as a bricked garden patio. The 3rd bd also opens out via double French doors onto patio area. Property has a large 3 car garage and 4 additional parking stalls, a rare find in Laguna Beach. This is your perfect beach getaway or income producing beach duplex.

1127 South NORMANDIE Avenue

Price: $1,495,000
Units Total: 3
Lot Size: 5,906
Living Area: 682
Year Built: 1885
Parking: Yes
Days on Market: 80
Description: Located in the heart of Koreatown with LAR4 zone. Property is 100% vacant. Ready to develop 29 Unit Apt. Building. Price include current building plan. This property subject to sell together with 1127 S. Normandie Ave. Property is sold in AS Is and Where Is condition.

Playa del Rey, 185 CULVER

Price: $3,245,000
Units Total: 1
Lot Size: 2,577
Living Area: 1,625
Year Built: 1948
Parking: Yes
Days on Market: 265
Description: “The Shack” Restaurant is for sale. Existing lease expires June 30,2018. This is a most rare offering in the heart of downtown Playa Del Rey. Being sold for the first time as a stand alone sale, this price tag includes the adjacent LAR-3 lot, currently vacant and used as a parking lot. The C-4 restaurant boasts a Culver Bl R-3 overlay, allowing for residential build above the existing structure. This is an exciting opportunity to own Silicon Beach Commercial Real Estate in the heart of downtown Playa Del Rey with an irreplaceable high coverage, short-term lease. There is 100% upside in rent in this Silicon Beach Gem. High pedestrian Traffic and in the hub of Manhattan Beach, Playa Vista, Culver City and Venice.

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: 214
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.

Los Angeles, 2424 WEST

Price: $765,000
Units Total: 3
Lot Size: 4,340
Living Area: 400
Year Built: 1923
Parking: Yes
Days on Market: 10
Description: Great opportunity for value add in Mid City. Ideal for decisive investor looking in this hot market for an opportunity to profit. UNIT MIX House: 3 Bedroom 1.5 Bathroom Current Rent $1,519 **1 Bedroom 1 Bathroom Current Rent $928 ** 1 Bedroom 1 Bathroom Current Rent $921. Market Rents for 3 Bedrooms $1,950 ** Market Rent for 1 Bedroom: $1,450 TOTAL CURRENT RENTS $3,368 TOTAL MARKET RENTS $4,650. Opportunity to create value. Parking on driveway for three cars.

Newport Beach, 807 East Bay Avenue

Price: $2,450,000
Units Total: 1
Lot Size: 1,805
Living Area: 1,300
Year Built: 1926
Parking: 3
Days on Market: 49
Description: Swanky! This boho-chic vintage row house is a one-of-a-kind treasure in the heart of old Balboa. A jewel box property overlooking the harbor that affords a mixed-use zoning designation allowing for tremendous flexibility in use of space. With an edgy urban appeal the brick exterior facade and black painted front door beguiles a romantic interior courtyard with a tranquil fountain, large spa and inviting patio entertaining area. A lower level bedroom and bath with an adjoining sitting room opens onto the adjacent courtyard. Exterior stairs ascend to a sizable dining terrace overlooking the patio below. From here doors open to the upstairs living area that channels a chic city-vibe. A large living room and adjoining galley kitchen both capture panoramic views of Newport Harbor and the glistening city lights beyond. Antique brick paver floors and custom woodwork accent these upper level entertaining areas, as well as the adjacent bedroom suite. There is potential for an additional rooftop terrace that would allow for unobstructed views in every direction. A property rich with history that city records indicate dates back to the early 1900’s, this beauty is well-suited as a mix residential space with office / professional space below. Truly one not to be missed!

Newport Beach, 900 East Oceanfront

Price: $11,000,000
Units Total: 6
Lot Size: 6,534
Living Area: 5,850
Year Built: 1971
Parking: 6
Days on Market: 206
Description: 6 Oceanfront 2 bedroom 2 bath apartments. Recently remodeled and furnished. Parking 1 space per unit. 70′ wide lot. Rented weekly, monthly or yearly by White Sail Realty management company. Must be purchased with 916 E Oceanfront and 919 E Balboa which are contiguous lots with mutual easement. Each lot has two 3 bedroom 2 bath units with parking. See NP18048168.

Manhattan Beach, 113 27th Street

Price: $5,399,000
Units Total: 3
Lot Size: 2,724
Living Area: 2,925
Year Built: 1957
Parking: 3
Days on Market: 72
Description: AAA location on the north corner of 27th and Ocean. (2) Two bed / Two bath, (1) Two bed / One bath, all with ocean views. A tremendous opportunity for development or as a trophy income property. SUBMIT ALL OFFERS

Venice, 581 GRAND Boulevard

Price: $2,099,000
Units Total: 2
Lot Size: 1,931
Living Area: 1,221
Year Built: 1923
Parking: 0
Days on Market: 32
Description: Prime Venice duplex located just 1/2 a block away from Abbot Kinney and only five blocks from Venice Beach. The newly built front unit is a bright and airy 2 bed / 1 bath, with additional loft area and laundry inside. Front unit is vacant and currently a host property for short term renters. The back unit is a 1 bed / 1 bath with a long-term tenant. Each unit has its own private entrance. This is a great opportunity for an owner / user, investor or developer who wants to get into the hot Venice real estate market.