Residential Income, California | Page 1 -001-11-30T00:00:00-08:00
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Newport Beach, 3406 Marcus Avenue

Price: $2,500,000
Units Total: 2
Lot Size: 4,204
Living Area: 300
Year Built: 1950
Parking: 3
Days on Market: 39
Description: Waterfront duplex with private boat dock, located in the prestigious Newport Island neighborhood with great potential – a rare opportunity for a remodel or development project. This home has been in the same family for over 30 years and is available now for the first time to own this prime property. This property has a boat dock and can be broken into 2 units with separate power meters already in place. A great income property or great personal home. Two blocks to Lido Marina Village, Ocean, grocery store, Starbucks, and other local eateries / shops. A 43’width lot with the possibility of purchasing the adjacent lot, combined approx. 72’of R2 zoned prime Newport waterfront real estate. Highlights: • Waterfront Newport Island Property • Private Boat Dock • 2 blocks to Ocean • 43’lot – opportunity to purchase adjacent lot for an approx. Combined 72’width • R2 Zoned • Gas Fireplace • 2 kitchens • Walking distance to Lido Marina Village, Ocean, grocery store, Starbucks, and other local eateries / shops.

Venice, 1015 VENICE Boulevard

Price: $6,500,000
Units Total: 3
Lot Size: 13,061
Living Area: 908
Year Built: 1932
Parking: Yes
Days on Market: 149
Description: Located at the high visibility corner of Venice Blvd and Superior Ave just one block east of Lincoln Blvd. One of the largest multi-family zoned, undeveloped parcels in Venice with a very favorable LAR4 zoning. The property sits just outside of the Coastal Zone (Buyer to Verify). This prime infill sits in an area that that has an extremely low vacancy rate with some of the highest housing demands in Southern California. Property sold for land value.

Palm Springs, 1800 Smoke Tree Lane

Price: $2,950,000
Units Total: 53
Lot Size: 143,312
Living Area: 425
Parking: 0
Days on Market: 342
Description: BACK ON THE MARKET! Just fell out of escrow – Smoke Tree Villas – 51 studio apartments and 2 one bedrooms units; rarely a vacancy. Attractive Pool, Spa, very well maintained. Located just off Hwy. 111 adjacent to shopping, restaurants, minutes to downtown Palm Springs and Palm Springs international airport. Includes an approximate 1 acre of vacant land for expansion. Property information sheet is attached (click on staple above)

Bell Gardens, 5825 Florence Avenue

Price: $2,750,000
Units Total: 30
Lot Size: 10,163
Living Area: 853
Year Built: 1942
Parking: 0
Days on Market: 29
Description: Garden Trailer is located at 5825 E. Florence Ave. Bell Gardens, Ca 90201 and is a 30 spaces mobile home park. This is a great re-development opportunity in the city of Bell Gardens! With great street frontage and high visibility. The park is just around the corner from the Bicycle Casino and near other big box retailers and chain restaurants. The property is perfect for a developer who has experience with projects in dense infill areas. The property is serviced by city water and sewer utilities. Electricity and Gas is sub-metered and paid by the tenants. The park pays for the water, trash and sewer. The park consists of Four parcels . Seller will consider seller financing under certain terms. The property contains of 2 shops in the front one in hair salon and the second is party supplies the property also comes with a billboard which is on lease agreement and a coin laundry and a 2bed / 1 bath house in the back. This won’t last collecting near $24,000 / per month

Los Angeles, 1821 South REDONDO

Price: $1,850,000
Units Total: 5
Lot Size: 10,128
Living Area: 624
Year Built: 1939
Parking: Yes
Days on Market: 43
Description: 1821 Redondo Blvd. Is a separate property and each owner’s list price is $1,850,000. Rare opportunity to acquire two adjacent LARD 1.5 properties that are prime for development. The combined lots are 19,423.0 sq. / ft (10,128.0 sq. Ft. And 9,295.0 sq. / ft) each owner will agree to a joint sale and close escrow concurrently. Each property will deliver one unit vacant at the close of escrow. Currently, there are two major building projects on the same street next to and directly across from subjects.

1116 South OXFORD Avenue

Price: $1,275,000
Units Total: 2
Lot Size: 5,468
Living Area: 448
Year Built: 1924
Parking: Yes
Days on Market: 31
Description: Vacant Duplex.

683 Sleepy Hollow Lane

Price: $16,500,000
Units Total: 8
Lot Size: 10,019
Living Area: 7,000
Year Built: 1996
Parking: 8
Days on Market: 291
Description: Sunset Cove Villas: Poised on one of the most magnificent stretches of the California Coastline, 683 Sleepy Hollow presents a unique investment opportunity to own eight luxury beach front villas in the heart of Laguna Beach. Offering the utmost in accommodations, the one, two and three bedroom suites provide spacious living with ample room for entertaining and relaxing. The villas blend contemporary elegance with luxury and comfort and are designed to take full advantage of the stunning ocean views from both the interiors, as well as the outdoor patio areas. Each luxury villa is well-appointed with gourmet kitchens, spa-inspired baths, resort-style bedrooms and private patios. Relax upon the serene observation deck, enjoy the panoramic views of the Pacific Ocean and Catalina sunsets – an ideal space for entertaining. The beautifully designed building provides garage parking for guests as well as private steps to the sand. Stroll along Laguna’s Main Beach, and to downtown’s shopping and dining make these accommodations perfect for discerning travelers.

Manhattan Beach, 4117 THE STRAND

Price: $6,495,000
Units Total: 3
Lot Size: 3,500
Living Area: 2,804
Year Built: 1939
Parking: 6
Days on Market: 451
Description: LOWEST PRICED PROPERTY ON THE MANHATTAN BEACH STRAND. OFFERED WITH ADJOINING CORNER LOT PROPERTY AT 4122 THE STRAND CREATING THE POTENTIAL FOR AN OCEAN FRONT DOUBLE CORNER LOT PROPERTY AT THE SAME PRICE AS A SINGLE SOUTH MANHATTAN STRAND INTERIOR LOT. PRESENTLY IMPROVED WITH A 1930’S DUPLEX WITH SPACIOUS 2 BEDROOM UNITS WITH PANORAMIC OCEAN VIEWS WITH HARDWOOD FLOORS, PLUS DETACHED ONE BEDROOM UNIT WITH OPEN BEAMS, 3 CAR GARAGE + 3 OFF STREET PARKING SPACES. REFURBISH EXISTING IMPROVEMENTS OR BUILD A GRAND RESIDENCE OR 2 TOWNHOMES WITH CITY APPROVAL. THE BEST INTERIOR VALUE ON THE MANHATTAN STRAND

Laguna Beach, 150 CRESS Street

Price: $7,498,000
Units Total: 3
Lot Size: 7,241
Living Area: 3,415
Year Built: 2007
Parking: 6
Days on Market: 119
Description: Lifetime opportunity! This spectacular, trophy property offers three (3) world class beach villas with at least six (6) parking (very rare) nestled on a prime beachfront location in World Famous Laguna Beach. Appointed to the nines, this luxury property offers the very best in form, function and location. The three beach villas boast single level floorplans enhanced with the finest designer finishes. Spectacular outdoor spaces include 4 fire pits, multi-level conversation spaces, with incredible ocean-view verandas. Mere feet from beach access, and within walking distance of many fine restaurants and shops. Mixes of three villas are 2 bed r and 1 bath; 3 bed and 2 baths: and 3 bed rooms and 2.5 baths. Each villa has the appointments rivaling better than the most prestigious hotels in town. Excellent use as a beach house for family and friends; as a second home when needed and rent the villas as vacation rentals and / or rent them as needed to supplement the income to offset property and other taxes. Villas offer a viable 1031 exchange for your investment dollars and enhances your great investment opportunity in one of the best and classy beach City in the United States. Currently the villas are utilized as high end vacation rentals with excellent income stream.

1820 Manhattan Avenue

Price: $2,300,000
Units Total: 2
Lot Size: 2,343
Living Area: 1,100
Year Built: 1921
Parking: 4
Days on Market: 161
Description: GO FOR EQUITY ON DAY ONE WHEN YOU BUILD ON THIS PERFECT SPOT. THESE LISTING PHOTOS WERE TAKEN BY A HUMAN BEING-NOT A DRONE-SO THEY ARE A REALISTIC PORTRAYAL OF THE WONDERFUL PANORAMIC VIEWS YOU HAVE NOW AND WILL ENJOY WHEN YOU BUILD YOUR DREAM HOME. AND THE VIEWS WILL BE UNOBSTRUCTED (NO TELEPHONE WIRES ON THIS STREET) FROM INTERIOR LIVING SPACES, NOT JUST A ROOFTOP DECK. THIS HBR2 PROPERTY IS FANTASTIC AS IT NOW STANDS BUT WHAT AN OPPORTUNITY FOR AN INVESTOR WHETHER YOU ARE A BUILDER OR SOMEONE WHO WANTS TO CREATE A BEACH HOME FOR THEMSELVES. CHECK OUT PRICES OF SFRs OVER 3,600 SQ. FT. ON THE MARKET NOW-AND ADD ONTO THAT THE YEAR OVER YEAR RISE IN VALUES IN HERMOSA. BUYING HERE HAS BEEN A SMART DECISION. CURRENTLY HOUSES AN UP AND DOWN DUPLEX AND A DETACHED 2 CAR GARAGE WITH A PRIVATE YARD IN BETWEEN THAT IS THE PERFECT EXTENSION OF THE LIVING SPACE. JUST 2 BLOCKS FROM THE BEACH, IN CLOSE PROXIMITY and WALKING DISTANCE TO SAND, HERMOSA PIER, SHOPPING, RESTAURANTS AND AWARD WINNING SCHOOLS. PLEASE DO NOT TRESPASS, DO NOT DISTURB TENANTS. GREAT TENANTS-ENJOY INCOME WHILE PLANNING YOUR BEACH GETAWAY. Also listed as Income Property see PW17057688 for income and maintenance info. CALL FOR A SHOWING TODAY!

Playa del Rey, 185 CULVER

Price: $3,325,000
Units Total: 0
Lot Size: 2,577
Living Area: 1,625
Year Built: 1948
Parking: Yes
Days on Market: 119
Description: “The Shack” Restaurant is for sale. Inherit a lease that expires June 30,2019. 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 vacant LAR-3 lot, currently vacant and used as a parking lot. The C-4 restaurant boasts a Culver Bl R-1 overlay, allowing for residential build above the existing structure. This is an exciting opportunity to own Silicon Beach Commercial (LAC-4) Real Estate with an irreplaceable high coverage, short-term lease. There is 100% upside in rent in this Silicon Beach Gem.

21062 Laguna Canyon Road

Price: $1,295,000
Units Total: 0
Lot Size: 13,939
Living Area: 655
Year Built: 1948
Parking: 0
Days on Market: 31
Description: This is the home and studio of John Barber, renowned glass artist. The home is owner occupied, however, the rental value is estimated at $2,500 a month. The workshop and studio and kiln occupy approximately another 550 sq. Ft. We believe the rental value for a glass blowing operation would be in the vicinity of $2,000 per month. Attached to the workshop is a studio apartment. Rental value on the studio is estimated at $1,200 a month. If all the real estate were rented it is estimated to create income of $5,700 per month or $68,400 annually. The property has 50 ft of frontage on Laguna Canyon Road and is 70 ft across the rear. It is 220 ft deep. Zoning is M1-B. This is a beautiful setting for living and working.

Manhattan Beach, 412 16th Street

Price: $3,199,000
Units Total: 2
Lot Size: 2,700
Living Area: 1,622
Year Built: 1957
Parking: 3
Days on Market: 72
Description: Well maintained beach duplex located on a full 30×90 walk street lot, located just steps from the sand, pier and downtown restaurants and shops. Front unit contains 2 bedroom / 2 baths and back unit is a 1 bedroom / 1 bath. 3 car garage provides ample parking. Property features a shared central courtyard and a private patio off the 2 bedroom unit.

712 Marguerite Avenue

Price: $1,997,500
Units Total: 1
Lot Size: 3,540
Living Area: 1,020
Year Built: 1952
Parking: 2
Days on Market: 309
Description: Live the Beach lifestyle in this wonderfully restored cottage on it’s own flat and fenced R2 lot. Ideally located just 7 blocks from the Beach, 4 blocks from all of the shops and restaurants of the Corona del Mar Village, and three doors down from our state of the art Senior Center. This quintessential Beach cottage has a beautiful wood paneled living room with a cozy brick fireplace. The kitchen is bright and clean with a sunny breakfast nook. There are two large bedrooms with vaulted wood beamed ceilings, and a full bath in which to relax and unwind. Newly refinished doors and cabinets add to the ambience. This home has lots of nice built-ins and storage. There is a large rear yard with a patio and a detached two car garage with alley access. You can build a rental unit in the back or scrape and build 2 condos on this flat R2 lot. This is the one!

Los Angeles, 1827 South REDONDO

Price: $1,850,000
Units Total: 4
Lot Size: 9,295
Living Area: 956
Year Built: 1940
Parking: Yes
Days on Market: 43
Description: 1827 Redondo Blvd. Is a separate property and each owner’s list price is $1,850,000. Rare opportunity to acquire two adjacent LARD 1.5 properties that are prime for development. The two combined lots size are 19,423.0 sq. / ft (10,128.0 sq. / ft and 9,295.0 sq. / ft) each owner will agree to a joint sale and close escrow concurrently. Each property will deliver one unit vacant at the close of escrow. Currently, there are two major building projects underway on the same street next to and directly across from the subjects.

Manhattan Beach, 4122 THE STRAND

Price: $7,895,000
Units Total: 3
Lot Size: 3,503
Living Area: 4,154
Year Built: 1947
Parking: 3
Days on Market: 451
Description: LOWEST PRICED OCEAN FRONT CORNER LOT PROPERTY ON THE MANHATTAN BEACH STRAND. OFFERED WITH ADJOINING PROPERTY AT 4117 THE STRAND WITH THE POTENTIAL TO CREATE A DOUBLE CORNER LOT PROPERTY AT THE SAME PRICE AS A SINGLE SOUTH MANHATTAN STRAND INTERIOR LOT. PRESENTLY IMPROVED WITH A VINTAGE 1940’S 3 BEDROOM COTTAGE WITH PANORAMIC OCEAN AND COASTLINE VIEWS, VAULTED BEAM CEILINGS, USED BRICK FIREPLACES, DEN, STRAND-LEVEL UTILITY / BONUS ROOMS PLUS DETACHED 2 BEDROOM AND 1 BEDROOM APARTMENTS WITH 3 CAR GARAGES. REFURBISH EXISTING IMPROVEMENTS OR BUILD A GRAND RESIDENCE OR 2 TOWNHOMES WITH CITY APPROVAL. THE BEST CORNER LOT VALUE ON THE MANHATTAN STRAND.

Venice, 546 Sunset Avenue

Price: $2,000,000
Units Total: 2
Lot Size: 5,766
Living Area: 1,056
Year Built: 1924
Parking: 0
Days on Market: 152
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

Los Angeles, 2766 JAMES M WOOD

Price: $1,600,000
Units Total: 5
Lot Size: 6,747
Living Area: 880
Year Built: 1902
Parking: Yes
Days on Market: 39
Description: K-TOWN 15 UNIT DEVELOPMENT OPPORTUNITY AVAILABLE! THIS PROPERTY WILL BE DELIVERED FULLY ENTITLED TO BUILD 15 UNITS WITHOUT DENSITY BONUS OR LOW HOUSING INCOME UNITS. CASH OFFERS ONLY! PROPERTY IS COMPLETELY VACANT. AMAZING OPPORTUNITY! 8 – 2 LARGE BEDROOMS, 4 – 1 LARGE BEDROOMS, 3 – AMAZING STUDIOS. 2744 UN-ENTITLED IS ALSO AVAILABLE.

Venice, 35 DUDLEY Avenue

Price: $3,900,000
Units Total: 2
Lot Size: 3,225
Living Area: 2,160
Year Built: 1963
Parking: Yes
Days on Market: 38
Description: Silicon Beach- Rare opportunity to own Duplex (1/2 vacant) on a rare and highly desirable walk street 1/2 block from sand in Venice. Lower unit just made vacant for sale. There is a one car garage with extra parking (room to build larger garage). Lots of room to expand, this building does not max out the lot. There are two good sized yards (one for each unit). Top unit has been extensively remodeled this year, bottom unit remodeled a few years ago. Both units have washer dryers, fridge, stoves, micros. Both units have fireplaces. Easy to rent or live in one until entire building goes vacant then re-do into condos.

Venice, 2011 OCEAN FRONT

Price: $3,900,000
Units Total: 2
Lot Size: 2,520
Living Area: 2,248
Year Built: 1959
Parking: Yes
Days on Market: 11
Description: A truly unique opportunity to own a Venice landmark on the world-famous Venice Beach Boardwalk. Currently operated as a Jodi Maroni’s Sausage Kingdom, this property is in one of the most highly concentrated foot traffic areas of Ocean Front Walk. The restaurant encompasses the entire first floor and includes a full kitchen with two walk ins and ample dry storage. The upstairs offers a quiet residence comprised of 2 bedrooms and 2 bathrooms with stunning ocean views. The space is currently owner occupied. This is a once in a life time opportunity that you do not want to miss out on!

Laguna Beach, 271 High Drive

Price: $1,995,000
Units Total: 2
Lot Size: 4,758
Living Area: 1,215
Year Built: 1921
Parking: 2
Days on Market: 78
Description: Unique and charming duplex in North Laguna. Both apartments are one-bedroom units. The upper unit has a large livingroom with a fireplace and wonderful ocean views. The lower unit is also spacious. The property has a double garage which is serviced by an easement from Poplar Street. The roof of the garage has been utilized as a large ocean view deck. There are a couple of outside patios for entertaining as well as some yard space.

Corona del Mar, 505 Poppy Avenue

Price: $1,949,000
Units Total: 2
Lot Size: 3,540
Living Area: 1,211
Year Built: 1950
Parking: 2
Days on Market: 88
Description: Building opportunity! Great property in the Village of Corona del Mar consists currently of two unit- the back is a studio unit with separate kitchen, bath, and large private yard. The front is a 2BR, 1 BA. R-2 lot, street to alley. Two single garages. Licensed with the City of Newport Beach for short-term rental and is currently rented through August- a great opportunity for a builder / investor to make extra money while going through the build process with the City. Great location close to beach, shops, restaurants, Crystal Cove Promenade and Fashion Island.

Newport Beach, 410 East Oceanfront

Price: $4,495,000
Units Total: 2
Lot Size: 3,049
Living Area: 2,850
Year Built: 1976
Parking: 4
Days on Market: 171
Description: On the SAND! Fabulous Panoramic Ocean, Catalina, Sunset, and White Water Views from this large Oceanfront Property. The home has 2 Master Bedrooms on the ground Floor and an additional Bedroom on the 2nd Floor. The Living Space is on the 2nd floor elevated over the Beach and offers magnificent Views. Front Patio as well as front and rear Decks / Balconies. Vaulted Ceilings, Stainless Appliances, Vinyl Dual Pane Windows, Recessed Lighting, and Security System. Additionally, the property has a second Unit that offers an additional 2 Bedrooms and a Full-Bath with its own separate living Quarters and Kitchen. Rear Unit also has its own Ocean View. RARE 4 car garage with plenty of storage space. Oversized lot with large side yard at rear for possible Golf Cart Parking. Property has been well maintained and is in exceptional condition. Excellent Value one of the best priced Properties on the Oceanfront.

Los Angeles, 1115 South Swall Drive

Price: $6,250,000
Units Total: 2
Lot Size: 25,769
Living Area: 4,010
Year Built: 1979
Parking: 6
Days on Market: 60
Description: ATTENTION INVESTORS / DEVELOPERS! Price is for 3 (three) APNs—or 4 (four) side-by-side lots on the city’s plot map. All are zoned R2 (which means the new, R1 building restrictions don’t apply). Build 3-4 huge homes or 3-4 duplexes! Total land is 25,769. Interested parties are advised to check with LADBS to explore the development possibilities. The property is adjacent to Beverly Hills and in the Pico / Robertson area (close to many places of worship, 10 freeway, and LA Metro).