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: 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.

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: 86
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.

Sherman Oaks, 15158 DICKENS Street

Price: $4,125,000
Units Total: 11
Lot Size: 10,766
Living Area: 1,090
Year Built: 1941
Parking: Yes
Days on Market: 44
Description:

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: 331
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.

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: 108
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: 87
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: 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.

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: 209
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: 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.

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.

Venice, 3011 OCEAN FRONT Walk

Price: $6,200,000
Units Total: 5
Lot Size: 2,518
Living Area: 2,300
Year Built: 1965
Parking: Yes
Days on Market: 64
Description: AMAZING DEVELOPMENT OPPORTUNITY LOCATED ON THE BEACH IN FAMOUS VENICE. All units will be delivered vacant at close of escrow! Zoned for mixed use (commercial, residential). Upon request, seller has architectural plans for a single family house, which has passed city planning and only has coastal commission to go. The beach, the restaurants and the tremendous upside potential will make this a property that will move fast. Buyer to do their own due dlligence regarding development possibilities. Now is the chance to own 5 minutes from Muscle Beach and in a thriving Silicon Beach community!

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: 152
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.

Laguna Beach, 356 Cliff Drive

Price: $8,250,000
Units Total: 4
Lot Size: 9,034
Living Area: 3,411
Year Built: 1963
Parking: 8
Days on Market: 61
Description: Rarely does a property like this come on the market. Situated in a highly sought after location offering panoramic ocean views along prestigious Cliff Drive, the lot offers endless possibilities. Currently configured as a fourplex (two units with 2Bd / 1Ba, one unit with 2Bd / 2Ba and one unit as a studio with full bath) on a flat buildable lot, this property is ideal for a luxury development project. Presently, only the back two units (studio and 2Bd / 1Ba) are tenant occupied with the front two units being used by the owners. Parking consists of two single car garages and six additional uncovered parking spaces. Attached private laundry facilities. Walking distance to Las Brisas and Heisler Park and in close proximity to Main Beach and some of the best local shops, restaurants and art galleries in the area, this is a one of a kind opportunity for your developer or investor clients.

Manhattan Beach, 227 32nd Street

Price: $5,000,000
Units Total: 3
Lot Size: 4,064
Living Area: 2,068
Year Built: 1936
Parking: 5
Days on Market: 1
Description: WALKSTREET BELOW HIGHLAND 1.5 LOT 4064 SQ. FT. CAN BUILD 6900 SQ. FT. HOUSE OR 3 UNITS PANORAMIC OCEAN VIEW LOT 2 BEDROOM HOUSE 2 BEDROOM 1BEDROOM

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.

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: 600
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, 601 South Main Street

Price: $60,000,000
Units Total: 452
Lot Size: 25,592
Living Area: 25,592
Year Built: 1981
Parking: 858
Days on Market: 62
Description: The SB Omega is a fully entitled project on the southwest corner of 6th and Main St. In the heart of the Historic Core of Downtown LA. Currently the site of Joe’s Parking, this approved project will encompass 4 parcels and stand 390 ft. Tall to include 38 stories above grade and 452 dwelling units. Upon completion, the building will be the tallest structure in the Historic Core and one of the tallest in Downtown Los Angeles. Land is currently used as a parking lot but has all entitlements and plans for a high-rise condominium building consisting of 458,308 residential sq. Ft, 24,368 retail sq. Ft. And 858 parking spaces. Seller is looking for a joint venture opportunity with an experienced contractor who must bring a $10,000,000 down payment to the partnership. Partner must acknowledge that the sale of the project will gross over $400 million and that construction costs will not exceed $160 million.

Los Angeles, 511 North HOOVER Street

Price: $2,175,000
Units Total: 0
Lot Size: 7,500
Living Area: 965
Year Built: 1910
Parking: Yes
Days on Market: 37
Description: DO NOT DISTURB OCCUPANTS! The HOOVER DEVELOPMENT SITE is a Remarkable Opportunity for 2 SIDE BY SIDE LOTS, approximately 15,000 Sq. Ft. Total for Both Lots (must be sold concurrently). Zoned LAR3, TOC TIER 3. Both Lots are: 511 N. Hoover (APN 5539-028-014) and 517 N. Hoover (APN 5539-028-013). Currently 2 Craftsman Homes, both Owner Occupied. Nothing under Rent Control! Located in the Los Angeles City Transit Oriented Communities Affordable Housing Incentive Guidelines (TOC Guidelines) in a TIER 3 Area! Our Hypothetical Analysis assumes a Developer might be able to Entitle the Development for possibly 33 to hopefully 40 Residential Units, subject to City approval. Located close to a Wide Variety of Dining and Hot Spots, as well as Private and Public Schools. Priced to Sell NOW at UNDER $300 Per Square Foot!

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: 246
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.

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.

4707 North FIGUEROA Street

Price: $3,200,000
Units Total: 10
Lot Size: 17,166
Living Area: 1,560
Year Built: 1923
Parking: Yes
Days on Market: 14
Description: We proudly present the exclusive listing 4707 N Figueroa Street. This beautifully maintained 10 unit, 3 building compound is located in the neighborhood of Mount Washington. The three separate structures sit on 17,165 sq.ft of land with hillside views. The property includes a great mix of studios, one bedrooms, and a four bedroom house. A 2-minute walk takes you to the Gold Line Metro which allows ease of access throughout Los Angeles. Just a short drive Northeast takes you to trendy Highland Park, where there are dozens of new restaurants and shops to explore. Tenants looking for a recreational experience, are able to drive less than 5-minutes to Ernest E. Debs Regional Park for a 5 mile hike, or to enjoy the sites at the quaint pond.

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.

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: 345
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.

Los Angeles, 517 North HOOVER Street

Price: $2,175,000
Units Total: 1
Lot Size: 7,499
Living Area: 1,093
Year Built: 1910
Parking: Yes
Days on Market: 37
Description: DO NOT DISTURB OCCUPANTS! The HOOVER DEVELOPMENT SITE is a Remarkable Opportunity for 2 SIDE BY SIDE LOTS, approximately 15,000 Sq. Ft. Total for Both Lots (must be sold concurrently). Zoned LAR3, TOC TIER 3. Both Lots are: 511 N. Hoover (APN 5539-028-014) and 517 N. Hoover (APN 5539-028-013). Currently 2 Craftsman Homes, both Owner Occupied. Nothing under Rent Control! Located in the Los Angeles City Transit Oriented Communities Affordable Housing Incentive Guidelines (TOC Guidelines) in a TIER 3 Area! Our Hypothetical Analysis assumes a Developer might be able to Entitle the Development for possibly 33 to hopefully 40 Residential Units, subject to City approval. Located close to a Wide Variety of Dining and Hot Spots, as well as Private and Public Schools. Priced to Sell NOW at UNDER $300 Per Square Foot!