Residential Income, California | Page 1 -001-11-30T00:00:00-08:00
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Laguna Beach, 31954 Coast Highway

Price: $12,000,000
Units Total: 4
Lot Size: 3,920
Living Area: 1,500
Year Built: 1928
Parking: Yes
Days on Market: 4
Description: Breathtaking 180 degrees of Ocean and mountains views! Must have location! With lovely bungalow home 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, APN: 056-145-07; 056-145-08; 056-145-09; 056-145-10.

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: 265
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: 458
Description: Sellers motivated! Updated information provided 11.20.17 – now a 5% cap rate! Smoke Tree Apartments – 51 studio apartments and 2 one bedrooms units; rarely a vacancy. Attractive Pool, Spa, very well maintained. Located just off Hwy. 111, between two large shopping centers, restaurants, supermarkets, amenities, and only minutes to downtown Palm Springs and Palm Springs international airport. It includes an approximate 1 acre of vacant land for expansion. Property information sheet is attached (click on staple above) Zoned for Sober or Assisted living with CUP – Potential to QUADRUPLE income!

1286 East MARTIN LUTHER KING JR

Price: $555,000
Units Total: 3
Lot Size: 5,043
Living Area: 110
Year Built: 1947
Parking: Yes
Description: AMAZING OPPORTUNITY TO OWN 3 UNITS IN THE HEART OF LA. NEXT DOOR TO THOMAS JEFFERSON HIGH SCHOOL. FRONT UNIT IS 3 BEDROOM 2 BATH WHICH HAS BEEN REMODELED. BACK TWO UNITS THAT ARE ATTACHED CONSIST OF 1 BEDROOM 1 BATH EACH IN NEED OF SOME TLC. ALL THREE UNITS ARE OCCUPIED WITH LONG TERM TENANTS.

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: 20
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.

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: 83
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
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.

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: 145
Description: Garden Trailer Park is located at 5825 E. Florence Ave. Bell Gardens, Ca 90201 and is a 27 spaces trailer 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 . The property contains of 2 shops in the front one in Barber Shop and the second is party supplies. The property also comes with a billboard which is on month to month agreement. A coin laundry and a 2bed / 1 bath house in the back. This won’t last collecting near $24,000 / per month

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: 4
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.

Laguna Beach, 391 2nd Street

Price: $2,600,000
Units Total: 2
Lot Size: 2,614
Living Area: 1,011
Year Built: 1939
Parking: 2
Days on Market: 39
Description: Charming 2-unit cottage investor gem in the heart of downtown Laguna Beach, walking distance to the beach, shopping and local restaurants. Property includes private parking spaces. This delightful property is currently grandfathered for use as residential income, zoning allows for commercial conversion with great location in high traffic area.

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: 235
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.

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: 235
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.

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: 14
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 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: 102
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.

Venice, 2500 STRONGS Drive

Price: $3,250,000
Units Total: 3
Lot Size: 2,890
Living Area: 1,662
Year Built: 1947
Parking: 3
Days on Market: 69
Description: PROPERTY TO BE DELIVERED VACANT AT THE CLOSE OF ESCROW. This is a rare triplex on the Venice Canals. Located next to the most iconic bridge in the canals. Great location for a owner / user with additional income. In addition, the buyer could check with the city as to the possibility of modifying or replacing the current structure with a single family home or rental units. In the past vacation rentals in the area have been very profitable.

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: 83
Description:

Venice, 709 BROOKS Avenue

Price: $1,799,000
Units Total: 2
Lot Size: 5,225
Living Area: 938
Year Built: 1924
Parking: Yes
Days on Market: 33
Description: Classic duplex west of Lincoln Boulevard by 7th Avenue that’s perfect for anyone looking to invest and live in Venice’s Silicon Beach. This property consists of two units a 1BR / 1BA and a 2BR / 1BA plus a detached bonus room that’s perfect for a garden studio / office. The ample 5,225 s. F. lot also has a one-car garage with a long driveway and parking for several more vehicles as well as additional gated parking off the alley in back. Close to Abbot Kinney, the emerging scene on Rose Avenue, the World Famous Boardwalk and Venice Beach. Don’t miss out on this great opportunity with endless possibilities at an amazing price!

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: 269
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: 155
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, 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: 127
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!

Marina del Rey, 3806 OCEAN FRONT

Price: $7,650,000
Units Total: 2
Lot Size: 3,641
Living Area: 4,521
Year Built: 1968
Parking: 6
Days on Market: 60
Description: Rare opportunity to own an OCEAN FRONT DUPLEX on the Marina Peninsula! Built in 1968, all units have been remodeled and feature unobstructed ocean views. Unit #1 is on the ground floor and has direct access to the beach. Unit #2 is located on the second floor with floor to ceiling windows overlooking the ocean. Both ocean front units have fireplaces in the living room. There are two guest rooms in the rear of the building on the second floor. All units will be delivered vacant. The building has brand new heating and air conditioning.

Hermosa Beach, 1300 The Strand

Price: $699,000
Units Total: 96
Lot Size: 14,384
Living Area: 440
Year Built: 2001
Parking: 0
Days on Market: 5
Description: Welcome to the exclusive Beach House in fabulous Hermosa Beach! This 96 unit luxury, “condo-hotel” located at the beach, serves as an owner usable / “hotel” managed complex. This unique investment / vacation ownership (fee simple) allows the owner to reside in their unit for up to 90 days / year with 24 hour onsite professional management and also shares the rental income 50/50 with built-in management when rented. All units have a furnished living room area with fireplace; kitchenette with built-in appliances; sleeping area with king bed; modern full bathroom and outdoor balcony for park and beach viewing along with great ocean breezes. Separate parking structure with valet parking available makes parking a true convenience. All units are tastefully updated to modern standards and all furnishings / appliances belong to the owner. All utilities are included in the HOA fee. This well-known complex, surrounded by the upscale Hermosa Beach lifestyle, provides an excellent haven for your or visiting family and friends beach retreat. As well as the corporate traveler looking for a special place to enjoy. This is presently the only unit available in the highly desirable Beach House. Let your favorite clients know! Thanks.

Santa Monica, 1434 14TH Street

Price: $2,395,000
Units Total: 2
Lot Size: 7,500
Living Area: 1,600
Year Built: 1925
Parking: Yes
Days on Market: 45
Description: Incredible development opportunity ZONED R3. The property will be delivered vacant. Rent out property while you wait for your plans to be approved. This property is located in the “hot” Broadway commercial area. Check condo prices from across the street as a point of reference for resale. Build condos or apartments. There are no rent control restrictions for this property. On lockbox and easy to show.

Santa Monica, 2602 3RD Street

Price: $3,850,000
Units Total: 4
Lot Size: 6,472
Living Area: 2,603
Year Built: 1910
Parking: 1
Days on Market: 459
Description: Once in a Lifetime opportunity to capture a beautiful- Pride of Ownership – 4 unit Trophy -historical property! Located on the most desirable street in Santa Monica! – 2 blocks to THE BEACH, steps to MAIN Street! Architectural Craftsman details abound! Front house features 2 bedrooms, 1 bath, fireplace, updated kitchen, delightful front yard, and private porch! Third and fourth units are TWO SEPARATE- Charming Craftsman houses, 244 Beach Street and 250 Beach Street. Each 1 bedroom, 1 bath, updated kitchen, storybook front porches and private decks! Three units have washer and Dryer’s! Rare- mature plant species frame the huge 6,472, s. F. lot (per assessor)! Endless possibilities to create a family compound- live in the main house with income! All reasonable offers considered. Parking for 4 cars, Please do not disturb tenants, inside shown with an accepted offer Only! Sold AS-IS! Square footage is not guaranteed, buyer to investigate.