Residential Income, California | Page 1 -001-11-30T00:00:00-08:00
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Long Beach, 1900 East 7th Street

Price: $1,400,000
Units Total: 8
Lot Size: 6,225
Living Area: 170
Year Built: 1942
Parking: Yes
Days on Market: 12
Description: Marcus and Millichap is pleased to present an 8-unit apartment building located in Long Beach, California. The subject property is located just blocks away from the thriving downtown Long Beach developments and has a desirable unit mix consisting of (3) one-bedroom / one-bathroom units and (5) studio units. Built in 1942, the subject property consists of 4,170 rentable square feet on a lot size of 6,247 sq.ft. It is separately metered for gas and electricity, keeping expenses to a minimum. This property is within a short distance to the hub of tourism, business, and transit that is Downtown Long Beach. This is a rare opportunity to acquire a quality, pride-of ownership asset in this outstanding rental market and would make a great addition to any investors portfolio. The city of Long Beach continues to progress forwards and is currently experiencing major redevelopment of $2.2 billion. An example of this large scale redevelopment is the Long Beach Civic Center, which is estimated to be completed early 2019. The Civic Center will include a new city hall and the Port of Long Beach headquarters, as well as multifamily residential units. Long Beach sustains its ability to attract renters due to its strong economy and high quality of life.

Laguna Beach, 31954 Coast Highway

Price: $12,000,000
Units Total: 4
Lot Size: 3,920
Living Area: 1,500
Year Built: 1980
Parking: Yes
Days on Market: 66
Description: Breathtaking 180 degrees of Ocean and mountains views! Must have location! With newer homes and lovely bungalow homes at the prime location of PCH and 8th street. Near the Montage Resort, hospital, supermarket, many stores, and private beach! High income for all four properties. Sale includes 31959,31957 Virginia Way. “2 of newer” home is 2229 sq.ft, other two bungalow is about 1500 sq.ft. And 1200 sq.ft.

Los Angeles, 1814 West TEMPLE Street

Price: $2,245,000
Units Total: 4
Lot Size: 5,003
Living Area: 638
Year Built: 1981
Parking: Yes
Days on Market: 82
Description: Unit 4 is being worked on and will be ready by end of Feb 2018 Thus rental income will be $7582. Front building is commercial, being used as barber shop with 4 more years remaining in lease. Listing Agent is related to Seller. Absolutely, PLEASE do not disturb occupants. Huge storage building a the rear of property plus small storage area on side of front building. Huge potential for developers or just plain rental income for investors. Area is very progressive and booming. Many construction work going on in the area. Very close to downtown LA. Tenants at the big house are on month tomonth.

Venice, 523 ROSE Avenue

Price: $4,100,000
Units Total: 1
Lot Size: 3,139
Living Area: 1,224
Year Built: 1956
Parking: Yes
Days on Market: 13
Description: Restaurant building for sale on Rose Avenue in Venice, formerly the location of Oscar’s Cerveteca. Real opportunity to own one of the few designated Land Use Restaurants on the the ever Booming Rose Avenue. 4-Car parking that includes a handicap spot. Current Restaurant leasing the space has a CUP type 41 Beer and Wine license.

Los Angeles, 3106 SAN MARINO Street

Price: $2,299,000
Units Total: 6
Lot Size: 6,625
Living Area: 690
Year Built: 1914
Parking: Yes
Days on Market: 145
Description: Well maintained investment building in Heart of K. Town. Huge Building, R4 for Future Development.

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: 63
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: 66
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.

Malibu, 18830 Topanga Beach

Price: $6,900,000
Units Total: 2
Lot Size: 12,228
Living Area: 2,256
Year Built: 1930
Parking: 2
Days on Market: 20
Description: 2 Units Pacific Coast Highway Sandy Beach Front 5 bedroom 3 bath home PLUS separate over sized guest unit – 8 parking on 12200 sqft- REMODEL POTENTIAL Owner may carry first TD – tucked away on a private street off PCH – guest unit over sized separate – – Just Listed! VIDEO ATTACHED – Largest Malibu Beach Front to Hit The Market in Years! Existing Dwelling 2256 – on ideal Separate drive off PCH – Amazing Views – Owner Prefers to carry – easy to show call listing agent

West Hollywood, 921 HILLDALE Avenue

Price: $1,966,666
Units Total: 2
Lot Size: 6,143
Living Area: 653
Year Built: 1939
Parking: Yes
Days on Market: 42
Description: Extremely Rare Opportunity to Buy 3 Continuous R2 Lots in Prime Norma Triangle area in West Hollywood. 917,921 and 927 Hilldale must be purchased as a bulk purchase. Total sales price for all three parcels $5,999,000. Developer will be able to build 9 townhouses. Total Lot Size of three parcels equals 18,826 sq.ft. Buyer to do their own due diligence for building rules and regulations per the City of West Hollywood. Please submit verification of funds with all offers.

Venice, 315 VERNON Avenue

Price: $5,900,000
Units Total: 3
Lot Size: 6,004
Living Area: 2,090
Year Built: 1922
Parking: 0
Days on Market: 22
Description: Charming courtyard compound close to the beach, restaurants, shops and other popular Venice amenities. Property at 315 Vernon Avenue offers 3 detached cottages and 4 car garage attached to the front cottage. Cottage 315 Vernon offers 1 bedroom, 1.5 baths and is in the process of being updated (approx 672 sq. Ft.) . Cottage 317 Vernon Ave., updated 2 bedrooms, 1 bath (approx 848 sq. Ft.) . Cottage 315 1/2 Vernon Ave. 1 bedroom, 1.5 bath, fully renovated with top of the line fixtures and one car attached private garage (approx. 570 sq. Ft.) . Great property for either owner / user or future development. All units will be delivered vacant. Property to be sold combined with 319 Vernon Avenue APN #4286-007-007.

Newport Beach, 1722 West Oceanfront

Price: $4,500,000
Units Total: 3
Lot Size: 3,049
Living Area: 1,800
Year Built: 1941
Parking: 2
Days on Market: 18
Description: Enjoy the sand at this beautiful property. This oceanfront property is located between 17th and 18th street and is walking distance to shops, restaurants, the Newport Pier and bike rentals. This home features a private patio, spacious dining room, nice tile floors and gorgeous ocean views!

Bell Gardens, 5825 Florence Avenue

Price: $2,000,000
Units Total: 29
Lot Size: 10,163
Living Area: 853
Year Built: 1942
Parking: 2
Days on Market: 60
Description: Trailer Park for sale are three parcels: (6328-016-048,6328-016-046 And 328-016-047) total of 30,813 sq.ft of land. Consists of 27 spaces Trailer home park all rented on month to month, A home 2bed / 1 bath and a coin laundary in the back. Perfect for investor who would like to keep for a long term rents or a developer with the right vision. Buyer to check with the city and do their own diligence.

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: 18
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.

Hermosa Beach, 255 28th Street

Price: $2,600,000
Units Total: 1
Lot Size: 2,407
Living Area: 1,150
Year Built: 1936
Parking: 2
Days on Market: 33
Description: Located in the highly coveted North Hermosa Sand Section sits this charming 3-bedroom, 2-bath beach house. Situated near the highest point on the street, the spacious front yard boasts south-facing views of Palos Verdes and Catalina. For families looking to move in and add their own taste, this home offers proximity to award winning schools, the beach and is centrally located between Manhattan and Hermosa piers. For builders, this bright, full sized R2-zoned lot offers the potential to build a home with south and west-facing ocean views. Whether you’re looking for a home with award winning schools, an income property or choose to build, this property offers all of those options in arguably the best part of Hermosa Beach. – Buyer to Verify

Venice, 546 Sunset Avenue

Price: $2,300,000
Units Total: 2
Lot Size: 5,766
Living Area: 1,056
Year Built: 1924
Parking: 0
Days on Market: 331
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

Venice, 319 VERNON Avenue

Price: $5,900,000
Units Total: 3
Lot Size: 6,002
Living Area: 2,736
Year Built: 1906
Parking: Yes
Days on Market: 22
Description: Charming courtyard compound close to the beach, restaurants, shops and other popular Venice amenities. Property has one detached cottage facing Vernon Avenue and a Two story – 2 unit building in back. Three outside parking spaces and one coin op laundry room. 319 Vernon Ave. Offers 2 bedrooms, 1 bath and needs updating (approx 880 sq.ft.) . 319 Vernon Ave. #1 (ground floor) 2 bedrooms, 1 bath (approx 856 sq. Ft.) . 319 Vernon Ave. #2 (second floor) 3 bedrooms, 2 bath. (approx. 1000 sq. Ft.) . Great property for either owner / user or future development. All units will be delivered vacant. – Property to be sold together with 315 Vernon Avenue – APN #4286-007-006

Santa Monica, 1448 12TH Street

Price: $2,250,000
Units Total: 2
Lot Size: 7,492
Living Area: 1,087
Year Built: 1922
Parking: Yes
Days on Market: 224
Description: Rare opportunity to acquire (2) two side by side properties spanning just under 15,000 sq.ft of land consisting of an (8) unit Apartment Complex and a (2) unit Duplex in beautiful Santa Monica, California. This rare assemblage offers new ownership the option to have a cash-flowing asset while entitling a new construction apartment / condo project or an opportunity for an investor to capture the significant upside in rents with the existing 10 units. Generational asset with endless opportunity. Ideal developer or investor 1031 Exchange. Trust Sale / Court Confirmation Required. Must be sold together with 1454 12th Street (Listed at $2.5M). Subject properties are centered in a prime Santa Monica location. In close proximity (less than one mile) to Santa Monica Beach, the pier, Third Street Promenade, Santa Monica Place and the new Expo Light Rail Metro line.

Manhattan Beach, 2208 The Strand

Price: $10,500,000
Units Total: 4
Lot Size: 3,512
Living Area: 5,193
Year Built: 1972
Parking: 9
Days on Market: 54
Description: This is THE STRAND income property *HOLD or BUILD* opportunity you’ve been waiting for! On what is arguably the most coveted beach front street in Southern California, you’ll enjoy unprecedented appreciation with 100% year round tenancy! You can invest in capital improvements immediately (possibly significantly increase the finished square footage on the 3rd and 4th levels) and can always Build your Dream Home in the future! The existing 4 unit property has a combined 5193 interior sq ft with (3) 2 Bed, 2 Bath units and (1) 3 Bed, 2 Bath unit. Totaling 9 beds, 8 baths, and 9 covered parking spaces, this beachfront STRAND property will be rented year round at top of market rents! Current Gross rents $18,530 / mo or $216,800 / yr.

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: 76
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.

Malibu, 3946 PUERCO CANYON Road

Price: $4,250,000
Units Total: 1
Lot Size: 63,838
Living Area: 2,140
Year Built: 1946
Parking: Yes
Days on Market: 165
Description: 3946 Puerco Canyon Road is a commercially zoned property that sits at the intersection of Pacific Coast Highway and Puerco Canyon Road. The highly visible property sees about 30,000 cars pass by everyday, featuring more than 650ft of frontage facing the PCH. 3946 Puerco Canyon presents a rare investment opportunity. With breath-taking ocean views and a large commercially zoned lot, The Property calls for repurposed use such as creative office and retail space-a development that takes full advantage of the site and location. The property is currently used as a private residence and a dog kennel with a total construction area of approximately 2,140 sq.ft, not including the dog kennel. The triangle-shaped lot encompasses 1.47 Acres of land.

777 South Coast Highway

Price: $3,500,000
Units Total: 3
Lot Size: 2,614
Living Area: 1,790
Year Built: 1929
Parking: No
Days on Market: 326
Description: • Rare and Valuable Vacation Rental Permit, Ability to Rent as Vacation Rentals Year Round • One of only a Handful of Properties in Laguna Beach with a Legal Permit for Vacation Rentals • Spectacular Beach adjacent Location in Laguna’s Downtown Village • Ocean Views and Beach Access for Tenants • Walking Distance to Gourmet Restaurants, Cafe’s, Art Galleries, and Retail Shopping • Consistent High Rental Demand with Waiting List for Vacation Rental Tenants The subject property, Laguna Village, is a unique mixed use retail and multifamily property located on the ocean side of South Coast Highway within the Village of Laguna Beach. It is only steps away from the sandy beaches, markets, restaurants, and all the amenities of downtown Laguna. The property is comprised of a retail store with frontage on Coast Highway, and two stylishly furnished two-bedroom apartment units with decks, oceans views, and direct access to the village and the beautiful beaches on the coastline. The retail portion is fully leased to Otana Salon, who has operated their business for many years, catering to the local community as well as to tourists who frequent the area. The two apartment units are beautifully furnished two-bedroom units that can sleep 4-6 people.

Los Angeles, 570 East AVENUE 28

Price: $1,552,818
Units Total: 6
Lot Size: 11,510
Living Area: 800
Year Built: 1947
Parking: Yes
Days on Market: 145

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: 26
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.

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: 18
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.