Residential Income, California | Page 1 -001-11-30T00:00:00-08:00
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Van Nuys, 5709 HAZELTINE Avenue

Price: $1,395,000
Units Total: 4
Lot Size: 5,285
Living Area: 4,482
Year Built: 1964
Description: Marcus and Millichap is pleased to exclusively present a four-unit apartment building in the prestigious community of Sherman Oaks, CA. Constructed in 1964, this two-story building sits on a 5,285 square foot lot. Boasting an attractive unit mix of 2 two bedroom units and 2 three bedroom units, the building’ s spacious floorplans average over 1,000 sq.ft each. The property has been very well maintained through the years and demonstrates the pride of ownership characteristics seen in other apartment buildings in the vicinity. Located only minutes away from the Sherman Oaks Galleria and the Westfield Fashion Square, 5709 Hazeltine provides tenants the comfort of central air conditioning. Maintenance and utility expenses are limited thanks to the building’ s partial copper plumbing and individual water heaters. With over 15% upside in rents, an astute investor will have the opportunity to capitalize on the improving market and achieve premium rents.

Los Angeles, 3821 LOCKLAND Drive

Price: $1,450,000
Units Total: 9
Lot Size: 8,034
Living Area: 5,762
Year Built: 1951
Parking: Yes
Description: Marcus and Millichap is pleased to announce the sale of 3821 Lockland Drive, a 9-unit multifamily property located in the desirable and rapidly improving Baldwin Hills / Crenshaw neighborhood of Los Angeles, CA. The building is situated just one block southwest of the Baldwin Hills Crenshaw Plaza, an existing shopping center with approved plans to be redeveloped into 961 residential units, 300,000 sq.ft of retail and restaurant space, a 10-story office building, and a 400-room hotel. Also within one block is the brand new Kaiser Permanente facility slated to open in late 2017 after a $90 million investment in construction costs. The City of Los Angeles is also heavily invested in improving this neighborhood, with the upcoming Crenshaw / LAX transit line extension, an 8.5-mile rail line connecting the Metro Blue Line with the Metro Green Line, including direct access to Los Angeles International Airport.

San Pedro, 730 West 2nd Street

Price: $479,900
Units Total: 2
Lot Size: 5,001
Living Area: 1,592
Year Built: 1910
Parking: 1
Description: Charming duplex in the heart of San Pedro, with views of harbor / ocean. Front house is 2 bedroom and 1 bathroom and rear house is 1 bedroom and 1 bathroom with it’s own laundry. Don’t let the stairs detour you – there is alley access with a one car garage. Property has two addresses. 730 and 732. There is a darling shed between the 2 units that can be used a garden shed, craft room or for storage. Close to downtown San Pedro, quick access to freeways, shopping and local support facilities.

Toluca Lake, 10640 WHIPPLE Street

Price: $1,950,000
Units Total: 5
Lot Size: 9,027
Living Area: 4,109
Year Built: 1941
Parking: Yes
Description: Perfect Owner / User Opportunity! Single Family Residence plus four unit apartment building located in a prime Toluca Lake location. The Two Bedroom / One Bathroom house has been recently renovated and is at the rear of the property. It has a back and side yard, its own laundry machines, central A / C and Heat, hardwood floors, new kitchen and bath, two covered parking spaces. The Four Unit is comprised of Three One Bedroom / One Bath Units and One Two Bedroom / One Bath units and is located at the front of the property. There are two, two car garages so each tenant of the apartment building gets one garage space. This property is perfect for an Owner / User or an Investor who is looking to place a family member into the property. Considering the high values of single family homes in this neighborhood, this is an excellent way to secure a single family residence along with an income producing apartment building to help cover costs. Furthermore, there is significant upside in rents as units turn.

Los Angeles, 3950 MONTCLAIR Street

Price: $1,250,000
Units Total: 6
Lot Size: 7,501
Living Area: 3,937
Year Built: 1954
Parking: Yes
Description: This is a Fantastic Value-add opportunity in an up and coming Jefferson Park neighborhood. There is a solid 40% real and imminent upside in rents. Two of the units will be delivered vacant on or before January 31st, 2018. That affords the fortunate buyer an opportunity to raise rents to market and increase cash flow while re-positioning the property. In addition the (2) 2 car garages and a storage / utility room will be delivered vacant and can generate additional income. 2 of the units have been updated with new windows, cabinets, floors and appliances. The property sits on a spacious corner lot and has new drought-tolerant landscaping and a decorative wrought-iron perimeter fence. The location should continue its trend of re-gentrification benefiting from the proposed District Square development and Crenshaw / LAX light-rail line as well as the existing Baldwin Hillls / Crenshaw Plaza Mall.

Los Angeles, 1026 East 23rd Street

Price: $470,000
Units Total: 3
Lot Size: 6,227
Living Area: 2,053
Year Built: 1928
Parking: Yes
Description: Great Opportunity to own a Bread and Butter Income Property! Separately metered for gas and electric. Tenants pay for all utilities except water. Large units rented at market value with plenty of parking. This gated property is priced to sell! Conveniently located close to schools, USC, downtown LA, shopping centers, grocery stores, restaurants, coffee shops, parks, easy access to major freeways. Well maintained property with low maintenance and long-term tenants that always pay their rent on time. Start collecting income right away! Great for seasoned investor or first time buyer to add to their investment portfolio. Great upside rental potential in this highly metropolitan location! Please do not disturb tenants. Only offers subject to interior inspection. Listing info deemed reliable but not guaranteed. No warranties expressed or implied. Buyer to verify and satisfy on all aspects of the property such as, but not limited to permits, bed / bath count, square footage, legality, etc. Sold AS-IS.

Los Angeles, 7326 South HARVARD

Price: $475,000
Units Total: 2
Lot Size: 5,339
Living Area: 2,109
Year Built: 1931
Parking: Yes
Description: This is a Trust Sale in a great neighborhood. Nice spacious duplex on a corner lot with two car garage detached. Each unit has a formal dining room with hook ups for washer and dryer. Property to be purchased in “as is” condition. No termite work will be provided. This is an excellent opportunity for owner occupied or investor. Both units will be deliver vacant.

Los Angeles, 1212 West 87th Street

Price: $504,000
Units Total: 2
Lot Size: 6,162
Living Area: 1,698
Year Built: 1921
Parking: 1
Description: Don’t Mind the Dust in the Photos, we are just finalizing the touches on Remodeling Both Units for you! Tremendous Opportunity to Own Remodeled UNITS in Los Angeles! You could Live in the Front unit and Rent out the 2nd Unit for cash flow / Income OR purchase as an Investment! The Front Unit is laid out like a Single Family Home featuring 3bed / 2bath with a Master Bedroom, Separate Laundry Room, New Windows, New Flooring, and a Detached 1 car garage with plenty of room for additional parking. Both Units have a Remodeled Kitchen with Granite Countertops, custom cabinetry and new fixtures. New Appliances will be installed at close of escrow. The 2nd Unit is a 1 Bed 1 Bath with Inside laundry hook-ups, New Flooring, and room for storage. HUGE Backyard and alley access with Gate entry for RV potential. The plumbing and Electrical have been Upgraded! This Investment Property Won’t Last! Buyer to perform their own due diligence and satisfy self prior to close of escrow.

Victorville, 14612 Prenda Street

Price: $184,700
Units Total: 1
Lot Size: 23,200
Living Area: 1,281
Year Built: 1987
Parking: 2
Description: Victoville Investment Opportunity! Perfect home to add to your investment portfolio. This home features 3 bedrooms, 2 bathrooms and an office. Plenty of room to spread out over the 23,200 sq.ft lot. 2 car garage and large driveway to park multiple vehicles. Great upside potential. Bring your tools! A little updating will make this the perfect home for your future tenant.

644 West Riggin Street

Price: $939,888
Units Total: 3
Lot Size: 6,800
Living Area: 2,442
Year Built: 1948
Parking: 3
Description: Great Opportunity to own Rental Income on this Triplex in Monterey Park. Currently there is No Rent Control and Tenants are not on a month to month lease. The Triplex has (Two) 2 Bedroom units each with 1 Bath and (One) 1 Bedroom 1 Bath unit. It is walking distance to public transportation, shopping centers, restaurants, schools, including East Los Angeles Community College and is near the 60 and 710 freeways. Also has a 3 car Garage in the back.

Los Angeles, 1259 TAMARIND Avenue

Price: $1,269,000
Units Total: 4
Lot Size: 6,755
Living Area: 4,096
Year Built: 1922
Parking: 4
Days on Market: 1
Description: Opportunity knocks for investors or developers – incredible fourplex with grand units on a large flat lot zoned LAR3 in one of the best areas of Hollywood. With incredible development potential for small lot homes, adding units or a large condo / apartment building, the existing 1922 Spanish fourplex includes grand 1 bedrooms that are so big they have been used as 2 bedrooms with current rents of $6,490 per month with 27% upside. One unit may be delivered vacant. Development happening all around with Billions of dollars being spent up the street on Sunset and Hollywood Blvd including the new Netflix, Viacom and Columbia Square buildings. Sold “As-is. ” Detached 4 car garage with 11 parking spaces! Steps to Sugar Fish, Delancey and The Arclight.

Los Angeles, 8417 South Broadway

Price: $449,900
Units Total: 3
Lot Size: 5,600
Living Area: 1,728
Year Built: 1950
Parking: 0
Days on Market: 1
Description: Great income properties, Units have ceramic floors in the kitchen and bathrooms. One units has wood floors the other two carpet throughout living room, long driveway, each unit has 1 parking space in the back with extra room for entertaining. Close to access to 110 Fwy. You must see!

10836 Camarillo Street

Price: $1,750,000
Units Total: 4
Lot Size: 6,404
Living Area: 4,722
Year Built: 1976
Parking: 8
Days on Market: 1
Description: We are pleased to present this well maintained and spacious 4-unit multifamily property strategically situated in a highly desirable area of North Hollywood, adjacent to Toluca Lake. This property is conveniently located to several trendy boutiques, restaurants, public transportation and freeways. The property consists of 3 units with 2 bedrooms and 2 baths, lovely kitchen, and a spacious living room and dining area. The front unit has a townhouse layout with two stories that offer 2 bedrooms, 2.5 baths, nice kitchen, living room and dining area, front yard, private laundry area and a separate water heater. Additional features include, copper plumbing, central HVAC, onsite laundry and parking in the rear. The building is separately metered for gas and electricity. Rents are currently over 30% below market value, giving the new purchaser huge potential for future profitability!

Harbor City, 1665 259TH

Price: $495,000
Units Total: 2
Lot Size: 5,000
Living Area: 1,477
Year Built: 1955
Parking: 4
Days on Market: 1
Description: BOTH 2 BEDROOM 1 BATHROOM. VERY WELL BUILT UNITS WITH CRAWL SPACE, HARDWOOD OAK FLOORS (UNDER CARPET), PLASTER WALLS AND COPPER PLUMBING. NICE LOOKING UNITS FROM THE OUTSIDE. EXCELLENT AREA, JUST 4 BLOCKS FROM HARBOR AND LOMITA PINES. EACH UNIT HAS A LARGE PATIO AREA. BOTH UNITS HAVE LAUNDRY FACILITIES. LONG TERM TENANT UNDER LA RENT CONTROL WITH VERY LOW RENTS. EACH UNIT HAS A 1 CAR GARAGE WITH 1 PARKING SPACE IN FRONT OF THE GARAGE. NEXT DOOR 1659 IS ALSO FOR SALE, CAN BE PURCHASED TOGETHER OR SEPERATE

Santa Monica, 1434 Berkeley Street

Price: $4,415,000
Units Total: 7
Lot Size: 7,807
Living Area: 8,390
Year Built: 1964
Parking: 11
Days on Market: 1
Description: Charming 2 story 7 unit townhouse style apartment building. The building consists of one 1 bed / 1.5 bath, five 2 bed / 1.5 bath and one 3 bed / 2.5 bath; on-site parking for tenants. The current rents provide a significant upside for investors. THE UNDERGROUND PARKING / STORAGE and UNIT 7 CAN BE DELIVERED VACANT. Please do not disturb the tenants.

312 North MATHEWS Street

Price: $2,700,000
Units Total: 10
Lot Size: 9,369
Living Area: 6,726
Year Built: 1925
Days on Market: 1
Description: We are pleased to offer this ten (10) unit multifamily investment offering, located in the City of Boyle Heights. The subject property is constructed of wood frame and stucco in 1925, with approximately 9,726 rentable square feet on a 9,370 square foot lot. The asset is comprised of one two-story structure, with a unit mix consisting of seven (7) 2 + 1 units, one (1) 3 + 1 unit, and two (2) single family residences. The investment boasts spacious floor plans, new roof (2015), updated aluminum windows, new copper plumbing, recently painted, and separately metered for gas and electricity. The property is not subject to the City of Los Angeles Soft-Story Retrofit Program.

West Covina, 216 North Conlon Avenue

Price: $739,800
Units Total: 2
Lot Size: 15,039
Living Area: 2,471
Year Built: 1953
Parking: 10
Days on Market: 1
Description: WONDERFUL INCOME PROPERTY WITH 2 UNITS! BOTH UNITS HAVE 3 BEDROOMS, 2 BATH, CENTRAL HEAT AND A / C. THE FRONT HOME HAS A BEAUTIFUL REMODELED KITCHEN WITH AN ABUNDANCE OF STORAGE, ISLAND W / 2 SINKS, DISHWASHER, TRASH COMPACTOR, KITCHEN NOOK. THERE IS ALSO A FORMAL DINING AREA, BRIGHT LIVING ROOM WITH A GARDEN WINDOW. THE BACK HOME, GUEST HOME OR INCOME PROPERTY HAS A PRIVATE PATIO, MODERN KITCHEN WITH A GAS STOVE, AN ATTACHED 2 CAR GARAGE, PLUS ANOTHER 2 CAR GARAGE AND A SEPARATE WORK SHOP. THERE IS A TOTAL OF 5 CAR GARAGE SPACES. ONE OF THE 2 CAR GARAGES IS 36 ft DEEP. THE LOT IS OVER 15,000 SQ. FT. And PLENTY OF ROOM FOR RV PARKING.

Los Angeles, 323 North Orange Drive

Price: $2,295,000
Units Total: 2
Lot Size: 6,884
Living Area: 4,361
Year Built: 1928
Parking: 3
Days on Market: 1
Description: This Majestic 1928 Spanish Duplex will capture your heart with its old world elegance and charm. The building offers two 3BR / 2BA units, large, well-appointed rooms with unique details; exposed beams across living-room ceiling, fireplace, LG dining rm, breakfast rm, LG updated kitchen (Viking hood over 6 burner gas stove, XL refrigerator, dishwasher, marble counters), laundry rm with W / D, nanny’s quarters off back service entry. Master and 2nd BR separated by LG Bath. Hardwood floors throughout, Custom built-ins, central AC / Heat. Bottom Unit has a charming Spanish tile spa in private yard. Huge brick parking corral has 3 parking stalls w carriage style garage doors, remote openers, wall fountain, lush w plants and trees. Absolutely Gorgeous!

Arcadia, 424 South 3rd Avenue

Price: $1,238,000
Units Total: 2
Lot Size: 7,497
Living Area: 2,423
Year Built: 1962
Parking: 4
Days on Market: 1
Description:

Harbor City, 1659 259th

Price: $495,000
Units Total: 2
Lot Size: 5,000
Living Area: 1,477
Year Built: 1955
Parking: 4
Days on Market: 1
Description: BOTH UNITS HAVE 2 BEDROOMS 1 BATHROOM. VERY WELL BUILT UNITS WITH CRAWL SPACE, OAK HARDWOOD FLOORS (UNDER CARPET), PLASTER WALLS AND COPPER PLUMBING. REAR UNIT HAS A GIANT ENCLOSED PATIO AREA AND BACK YARD. VERY ATTRACTIVE UNITS FROM THE OUTSIDE. EXCELLENT LOCATION, JUST 4 BLOCKS AWAY FROM HARBOR AND LOMITA PINES. ALL LONG TERM TENANTS WITH LOW RENTS AND LA RENT CONTROL. BOTH UNITS HAVE LAUNDRY FACILTIES. EACH UNIT HAS 1 CAR GARAGE PLUS A SPACE IN FRONT OF THE GARAGE. NEXT DOOR AT1665 IS ALSO FOR SALE.

1111 Chestnut Street

Price: $320,000
Units Total: 2
Lot Size: 6,250
Living Area: 2,966
Year Built: 1964
Parking: 4
Days on Market: 1
Description: DUPLEX WITH A TOTAL OF 8 BEDROOMS AND 4 BATHS. Centrally located in San Bernardino, CA and within walking distance of Richardson PREP Hi Middle School. Each unit has a living room, kitchen dining area 4 bedrooms and 2 baths. There is an outside laundry area and a 4 car carport. Both units are currently owner occupied. All repairs including any termite repairs will be completed prior to close of escrow.

Los Angeles, 2237 ELSINORE Street

Price: $820,000
Units Total: 4
Lot Size: 4,995
Living Area: 1,528
Year Built: 1921
Parking: Yes
Days on Market: 1
Description: This 1920’s Duplex sits on a corner lot at the intersection of two hot neighborhoods – Silver Lake and Echo Park. This original gem retains much of its charm with good bones and room for improvement – perfect for your next investment project. The interiors of both units have been reconfigured to include a second bedroom and feature period built-ins. Ample yard space to the right of the property has fruit trees and leads to a 2 car garage, with additional off-street parking out front. With one vacant unit, this could be an ideal owner-user situation. Superb rental location – just a stones throw from Mohawk Bend, Cosa Buona, Echo Park Lake and numerous other shops and restaurants. LARD2 zoning!

Highland Park, 1034 Farnam Street

Price: $799,000
Units Total: 2
Lot Size: 6,807
Living Area: 1,612
Year Built: 1920
Parking: 2
Days on Market: 1
Description: AMAZING OPPORTUNITY to own in Highland Park and not be a struggling artist! Because 2, is greater than 1. This 1920’s 2-ON-1-LOT duplex, delivered VACANT, offers very high rental income potential, at upwards of $5,700 / mth. Each unit is a 2 + 1, has NO SHARED WALLS, private yards, carports, and private laundry. Both units feature an open space layout and large windows for an abundance of natural sunlight. An EXTRA LARGE LOT, at OVER 6,800 sq.ft, offers room for future expansion. Within 5 walking blocks from all of HLP’s hippest boutiques, art galleries and restaurants. Live, just a stroll away from your morning latte at Café Leche, your lunch tacos at Haurache Azteca, and your nightly drinks at The York. This great investment opportunity is within 1.5 miles from Occidental College, the METRO station, and all the shops at Figueroa St. Don’t just be a home owner, be a savvy investor! Please be respectful and do not walk on property or knock on doors.

North Hollywood, 6727 Lemp Avenue

Price: $625,000
Units Total: 3
Lot Size: 7,796
Living Area: 2,008
Year Built: 1942
Parking: 5
Days on Market: 1
Description: Great Investment Opportunity in Prime North Hollywood on an RD1.5 zoned Lot, Possibilities of expansion, check with city* Rent generating property, Or live in one and rent others out**** 3 UNITS BUILT ON ONE LOT **** Front House 1942 built 3 + 1 (1058 sq.ft), Back Unit 2003 built 3 + 1 (950 sq.ft) both occupied with good long-term tenants. 3rd Unit 1 + 1 (324 sq approx, not included in total sq ft) is Vacant* Front Unit (6727 Lemp) recently upgraded (2012) with paint inside and out, kitchen remodel, newer ducts, Water Heater, and central heating. Tile flooring throughout the home and double paned windows * Back Unit (6729 Lemp) Recently upgraded 2016-17, Half new Roof, Paint inside and out, tile floors throughout, and double paned windows* 3rd unit with 1 bed 1 bath shower currently vacant* Property Boasts, Copper plumbing, Finished concrete driveways, Washer Dryer Hookups, Wrought Iron Fence in the front, Block walls on the perimeter and above all great location: near Universal / NBC Studios. Minutes to all major studios: Disney, Warner Bros, Sony, CBS. Hollywood’s post-production houses. Close to the North Hollywood Metro subway line on Lankershim Blvd and No Ho Arts District’s trendy stores, restaurants, theatres and freeways. Location, Location, Location! **DO NOT DISTURB OCCUPANTS**