Residential Income, California | Page 1 -001-11-30T00:00:00-08:00
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Moreno Valley, 24426 Dracaea Avenue

Price: $4,900,000
Units Total: 18
Lot Size: 993
Living Area: 27,000
Year Built: 2007
Parking: 2
Days on Market: 299
Description: 18 THREE STORY LUXURY TOWN HOMES FOR SALE. ALL HAVE SEPARATE APN#S BUT HOA HASN’T BEN ACTIVATED YET. COULD BE ACTIVATED AND SOLD SEPARATELY IN THE FUTURE. 10 UNITS HAVE 3 BEDROOMS 2.5 BATHS PLUS LOFT ON THIRD FLOOR. 8 UNITS HAVE 3 BEDROOMS 3.5 BATHS, ALL EIGHT OF THESE HAVE MASTER SUITES. UPGRADES INCLUDE MARBLE FLOORS IN KITCHEN, GRANITE COUNTERTOPS IN KITCHENS and BATHS, , HIGH CEILINGS, BERBER CARPET, WHIRLPOOL STAINLESS STEAL APPLIANCES, CANADIAN MAPLE WOOD CABINETS, WASHER AND DRYER HOOK UPS, CENTRAL AIR AND HEAT, DOUBLE PAIN WINDOWS, 2 CAR GARAGES, PATIOS, ALL UNITS ARE IN GOOD SHAPE. TENANTS PAY ELECTRIC AND GAS.

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: 1
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, 821 Manhattan Avenue

Price: $4,999,000
Units Total: 7
Lot Size: 2,995
Living Area: 3,865
Year Built: 1953
Parking: 6
Days on Market: 67
Description: 3.70% CAP AND 18.53GRM 2 BLOCKS FROM THE BEACH! 7 UNIT BUILDING THAT HAS BEEN COMPLETELY REMODELED! 2 BLOCKS TO THE OCEAN AND 2 BLOCKS TO DOWNTOWN! ALL NEW KITCHENS WITH QUARTZ COUNTERS, SUBWAY TILE BACK SPLASHES, NEW CABINETS, FARM SINKS AND STAINLESS STEEL APPLIANCES INCLUDING REFRIGERATORS, RANGES, DISHWASHERS AND MICROWAVES. ALL UNITS ALSO HAVE LG WASHERS AND DRYERS. WHITE OAK ENGINEERED WOOD FLOORING THROUGHOUT ALL UNITS. NEW HEATERS, NEW WINDOWS, RECESSED LIGHTING. 4 OF THE UNITS HAVE SKYLIGHTS. ALL NEW BATHROOMS FEATURING RAINHEAD SHOWERS, NEW GLASS ENCLOSURES, SUBWAY TILE AND NEW FIXTURES. SOME UNITS HAVE OCEAN VIEWS AND UPPER TWO BEDROOM HAS A GOOD SIZED DECK AS WELL. BUILDING FEATURES ALL NEW COPPER PLUMBING, NEW ROOF, RAILINGS, DECKS, WALKWAYS, STAIRS AND GARAGE DOORS. NEW ELECTRICAL MAIN PANEL, NEW SUBPANELS INSIDE EACH UNIT AND ELECTRICAL IS UNDERGROUND! EXTERIOR IS A COMBINATION OF SMOOTH STUCCO AND MODERN BARN WOOD SIDING.

3216 Manhattan Avenue

Price: $5,500,000
Units Total: 4
Lot Size: 3,497
Living Area: 4,144
Year Built: 1973
Parking: 9
Days on Market: 4
Description: Location! Location! Location! Don’t miss out on this rare opportunity to own a highly desirable residential four plex with a potential rental income of $15,000 / month located directly across the street from one of the most beautiful beaches on the west coast. Manhattan Beach is a laid-back South Bay community popular with families and outdoor enthusiasts and is home to fashionably chic shopping, cafes, pubs, creative upscale eateries.

Manhattan Beach, 323 23rd Street

Price: $4,100,000
Units Total: 2
Lot Size: 2,705
Living Area: 3,118
Year Built: 1992
Parking: 4
Days on Market: 64
Description: Two detached single-family homes (2 APN’s) offer breathtaking views from Malibu to Palos Verdes. 323 23rd Street consists of 1502 sq.ft. 2 bedrooms and 2.5 bathrooms featuring a grandfathered roof deck with stunning panoramic and sunset views of the Pacific. The master bath has a large glass shower completed with spa-like tub. 324 23rd Place has 1616 sq.ft. Of living area with an oversized tandem garage. This 3 bed 2 bath has a generous living room with large fireplace, updated flooring and lots of natural light. A prime sand section location with its proximity to downtown Manhattan Beach, shopping, restaurants, and award winning Grand View Elementary. It’s a perfect hideaway from the bustling city for anyone in search of a cozy space to call home. Be the lucky one to live the true Manhattan Beach life style.

16387 South Pacific Avenue

Price: $3,288,000
Units Total: 2
Lot Size: 2,178
Living Area: 3,192
Year Built: 1971
Parking: 2
Days on Market: 29
Description: Fabulous whitewater, beach, sunset and Catalina views set the backdrop for this gorgeous BEACH FRONT home extensively remodeled with amazing Sunset Beach location! This remarkable residence offers two 3-bedroom, 2-bathroom units and an UNPERMITTED third floor with 1 bedroom, balcony, and two full bathrooms. The two kitchens (levels 1 and 2) are as stylish as they are functional with contrast cabinetry, stainless steel appliances, pendant lighting, and glass mosaic backsplash. These upgraded residences offer a great investment opportunity with the option to rent out all units or live in one and rent the other. With direct beach access, constant cool ocean breezes, and endless views, this residence offers the best of coastal luxury. Spacious living areas, an attached 2 car garage, and shared laundry room are additional highlights of this premier home. In addition, each of the 3 bedroom units have a separate laundry room. All units are currently leased. May be difficult to show.

Newport Beach, 2214 West Oceanfront

Price: $4,399,000
Units Total: 2
Lot Size: 3,125
Living Area: 3,855
Year Built: 1965
Parking: 5
Days on Market: 186
Description: Situated directly in front of Blackies beach with views of the Newport Beach pier, crashing waves, and Catalina Island, this mixed-use (MU-W2) oceanfront duplex with 5 total parking spaces poses great potential and opportunity for immediate income for one lucky buyer! Thoughtfully designed, each unit enjoys a spacious deck or patio from which to enjoy sunset views or check the surf. The bottom unit boasts a great room concept floor plan in which the living room, dining area, fully equipped kitchen, and patio with dual sliding glass doors blend seamlessly to create the perfect space for entertaining and soaking in the panoramic views. Three spacious bedrooms, 2 bathrooms, multiple ceiling fans, and crown molding make this lower level the ideal place for you or a future tenant to call home. Equally impressive, the upper unit is highlighted by peaked beamed ceilings and even better unobstructed views of the sea beyond. The upper level also features an open floor plan plus 3 bathrooms and 3 bedrooms, one with an elevated reading corner. Also accessible from the upper unit is a 1,100 + sq. Ft. Bonus attic level with beamed dormer ceiling and ocean views permitted as storage space. Additional features of this incredible residence include a 2-car garage, 3 uncovered parking spaces, and a premier location at the center of Newport’s beach, dining, and entertainment scene.

Newport Beach, 7201 Seashore Drive

Price: $3,055,000
Units Total: 3
Lot Size: 2,178
Living Area: 2,326
Year Built: 1971
Parking: 4
Days on Market: 274
Description: Located on a highly desirable corner lot, just one house from the sand with amazing ocean views. This remodeled duplex, currently offers 3 bedrooms, 2 baths upstairs, and 2 bedrooms, 2 baths downstairs. It can easily be converted to a 6 bedroom, 4 bath single family residence. It features a gourmet kitchen with top of the line stainless appliances and slab granite counters, a spacious master suite with walk-in closet, hardwood flooring and stone clad bathrooms. Other amenities include, air conditioning, a fireplace and a rare three car garage with parking for an additional car. Enjoy beach living, ocean breezes and white water views.

Laguna Beach, 2037 South Coast

Price: $11,849,000
Units Total: 16
Lot Size: 8,712
Living Area: 10,800
Year Built: 1969
Parking: 16
Days on Market: 15
Description: Location, Location, Location. This Trophy property on the ocean side of Coast Highway in prestigious Woods Cove Laguna Beach is truly a one of kind investment that has it all! Just moments from the famous Montage Resort and Downtown Laguna Beach, this 16 unit mixed-use investment opportunity is comprised of 14 remodeled units and 2 retail spaces nestled behind a private gated entry. Extensively remodeled in 2006 this rare offering features 4 townhome style 2 bedroom units each with their own roof top decks with panoramic coastal and Catalina Island views. There are also 10 One bedroom units boasting private ocean view decks and the sound of the surf. Each unit is updated and some include stack washer / dryer and refrigerator. The gated entry and gated subterranean parking provides additional privacy for this prestigious property. An open air courtyard highlights the style and natural lighting within in this inviting property that enjoys ease of access to resorts, beaches and coves, Trolley services, dining and shops that define the Laguna Beach lifestyle.

Long Beach, 5465 East 2nd Street

Price: $5,170,000
Units Total: 23
Lot Size: 3,999
Living Area: 4,983
Year Built: 1947
Parking: 0
Days on Market: 130
Description: We are pleased to present an attractive 23 unit apartment building located in the beautiful area of Naples Island in Long Beach, CA. The subject property is situated less than one block from the ocean and walking distance to restaurants, shops, entertainment and retail stores on 2nd Street. This property contains (22) Studio / one-bathroom units and (1) one-bedroom / one bathroom unit. Built in 1947, the subject property was completely renovated inside and out in 2016. Exterior upgrades includes new windows, paint, full replacement of iron railings, wood structure upgrades, recent termite fumigation and redesign of all stonework. The property uses Solar Panels to drastically reduce the overall utility cost to the owner. Paid utilities are highly sought after on the rental market. Having a solar panel installation allows the building to offer all utilities paid as an incentive and a marketing differentiator while continuing to maintain lower than market utility costs. Interior upgrades include stone-counter tops, cabinetry, hardwood floors and new appliances. Nearby restaurants include Michael’s, Chianina Steakhouse, Roe Seafood, Nico’s, Riley’s and Brix at the Shore. The location is very bikeable as biking is convenient for most trips.

Avalon, 150 Middle Terrace Road

Price: $2,950,000
Units Total: 2
Lot Size: 2,426
Living Area: 3,042
Year Built: 1927
Parking: 2
Days on Market: 389
Description: Come, live by the Sea! Beautiful Catalina and its idyllic island lifestyle waits you. Breathtaking, panoramic views of the Pacific Ocean and all Avalon’s major land marks; iconic Casino, green pier, Holly Hill House, Chimes Tower, Front Street, and beautiful hillsides are visible from this amazing home in the destination resort town of Avalon. Beautifully renovated, this 1920’s Catalina 4 level duplex is located on the desirable terraces allowing for the incredible panoramic views. The three-story main residence has been renovated with some original details retained. First level consists of a lovely living room with fireplace and floor to ceiling windows to capture the remarkable views; gourmet kitchen with top of the line appliances, guest 3/4 bath, office with beautiful built-ins, enclosed sun porch, a spiral staircase leading to a loft style bedroom, deck for entertaining and garage with kitchen entrance. Lower level contains guest bedroom, guest bath, original built-ins and cedar lined closet, Master retreat includes sitting area, walk-in closet, laundry room, a beautiful master bath with a luxurious spa tub and walk-in jetted shower and dual sinks. French doors lead to a romantic deck with overhead heaters and decorative glass railings for private time. Income producing spacious lower unit features living / dining area, kitchen with granite counter tops, 2 bedrooms, 1 bath, laundry, large storage room and a spacious deck with the same amazing views.

Newport Beach, 126 34th Street

Price: $2,595,000
Units Total: 2
Lot Size: 2,178
Living Area: 2,400
Year Built: 1978
Parking: 2
Days on Market: 84
Description: Turnkey income property. 2 villas that have been completely remodeled inside and out in 2016. Every detail has been meticulously thought out for this perfect location. Close to the boardwalk, Newport Beach Pier, shopping, dining, new Lido Hotel and Marina. Upper villa is 3 bedroom, 2 bath home with 9′ ceilings and a ocean view deck. Lower villa is 2 bedrooms with 2 bathrooms with large patio for alfresco dining and barbecuing. Both villas have huge master suites, indoor laundry units, and fireplaces in living rooms. Building has new dual pane windows, beautiful porcelain tile flooring, new cabinets in all kitchens and baths, exotic granite and marble. This is a must see for the discriminate buyer. Villas have been used for short term rentals with amazing results and income.

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: 129
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.

Venice, 31 BREEZE Avenue

Price: $4,195,000
Units Total: 3
Lot Size: 3,550
Living Area: 3,550
Year Built: 1910
Parking: Yes
Days on Market: 40
Description: INVESTMENT OPPORTUNITY ON fantastic Breeze Ave. Is a beach walk-street 1 block south of Brooks, west of Pacific, east of Speedway, 1/2 block from the sandy beach. Come see this rare one-of-a-kind Vintage Venice Treasure delivered VACANT. YES I said. VACANT. This incredible 1910 Tri-Plex on oversized beach walk street has been tastefully and extensively remodeled. NO EXPENSE SPARED. The main unit is the entire first floor with 3 generous bedrooms, 3 baths, powder room, den, living room, open kitchen, laundry, balcony and garden (wonderful owner / user). Second floor has 2 units. Unit 2, has 2 bedrooms, 2 baths, living room, dining area, open kitchen and laundry. Unit 3, has two bedrooms, 1 bath, powder, dining area, open kitchen and laundry. A MUST SEE. DESIGNER PERFECT, VACANT AND SO MANY POSSIBILITIES.

Newport Beach, 213 41st Street

Price: $2,850,000
Units Total: 3
Lot Size: 2,439
Living Area: 3,266
Year Built: 1950
Parking: 2
Days on Market: 19
Description: Location! Location! Location! This duplex is situated a few blocks from the sands of the most desirable swimming and surfing beach Newport has to offer! Entirely remodeled from floor to ceiling! New exterior and interior paint; custom built in cabinets; ceiling fans in every room; prewired for cable; custom built in bathroom vanities; recessed lighting; stainless steel appliances; gas range; thick commercial grade carpet; quartz countertops; refrigerator and stackable washer and dryer included! Minutes to PCH and 55 Freeway. A must see!

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: 10
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.

Newport Beach, 107 Highland Street

Price: $3,295,000
Units Total: 3
Lot Size: 2,971
Living Area: 3,000
Year Built: 1955
Parking: 4
Days on Market: 120
Description: Just steps to the sand, discover this rare opportunity to own a single family home with an attached guest house and mother-in-law suite. Sitting on a large corner lot, 107 Highland spans over 3,000 sq.ft. And features a spacious main house with an attached three bedroom guest house. The main house features 3 bedrooms, 3 bathrooms with an office, a second floor ocean view kitchen, dining and living room, and a private third floor master suite. Located just one house from the beach, ocean views can be seen from many windows throughout and from second floor deck and the two rooftop decks. The attached 3 bedroom unit / mother-in-law suite, is perfect for guests or full time living; offering 3 bathrooms, and a spacious living area connected to the kitchen and dinning room. To round out this unique beach house compound, parking for 4 cars is provided by 2 car port spaces and two single car garage spaces – a rare find this close to the sand. A short bike ride to the north or south takes you to great dinning, entertainment and shopping.

Avalon, 117 Clarissa Avenue

Price: $2,990,000
Units Total: 6
Lot Size: 2,722
Living Area: 7,512
Year Built: 2006
Parking: 4
Days on Market: 122
Description: This is RARE opportunity to own an investment / income producing property on the beautiful Island of Catalina. The units total 2722 sq.ft of living space on 3 levels, with a roof top ocean view deck. DOUBLE LOT -Lot size is 7512. Per Assessor The property offers: 3 office spaces, 2 residential- 2 bedroom units and a fully operational garage / golf cart service on the lowest level. The land is fee simple and all units are presently under contract / lease with long term reliable tenants in both offices and residential.

1701 West Balboa Boulevard

Price: $5,699,000
Units Total: 10
Lot Size: 5,227
Living Area: 7,552
Year Built: 1948
Parking: 10
Days on Market: 50
Description: RARE, DOUBLE LOT with 10 units and only 25 yards away from the sand on Balboa Peninsula. Unit mix consists of the following: one 4 bed 2 bath (has ocean views), one 2 bed 1 baths, three 1 bed 1 baths, 5 studios, and there are 10 separate garages. Professional Property Management company is handling the property with total rents are approximately $21,000 per month, this could be enhanced if new owner decides to turn property into weekly vacation rentals. All units are upgraded and updated with new kitchens and all have original wood floors that have been refinished along with newer carpet. Owner states the city of Newport Beach is open to having 10 condos built on the land itself thus giving an amazing opportunity for Investors, please check with City of NB. PLEASE DO NOT DISTURB ANY TENANTS, DRIVE BY ONLY, SHOWN WITH ACCEPTED OFFER.

Newport Beach, 2110 West Oceanfront

Price: $5,275,000
Units Total: 4
Lot Size: 4,850
Living Area: 3,920
Year Built: 1925
Parking: 5
Days on Market: 131
Description: AN INCREDIBLE AND RARE OPPORTUNITY FOR THIS DOUBLE LOT ON A SPECTACULAR OCEANFRONT / BOARDWALK. RETAIL / RESTAURANT AND CONDO LOCATION OFFERS STUNNING OCEAN VIEWS FROM THIS ONE OF A KIND PROPERTY ON THE BALBOA PENINSULA. ONE OF THE MOST SOUGHT AFTER LOCATIONS IN NEWPORT BEACH AND SO CAL FAMOUS BEACH AREA. THIS PROPERTY CONSISTS OF TWO RETAIL STORES (DOWNSTAIRS) and TWO CONDOS (UPSTAIRS) – ONE CONDO WITH FULL ON UNOBSTRUCTED OCEAN VIEWS. PATIO AREA AND LAUNDRY AREA, PARKING FOR 4 CARS AND LARGE STORAGE AREA. PRIVATE STAIRCASE TAKES YOU TO THE UPSTAIRS CONDOS. TWO RETAIL UNITS WITH PERFECT LONG TIME TENANTS. ADDRESS 2112 ALSO INCLUDED IN SALE. WALKING DISTANCE TO SAND and WAVES, PIER, FINE DINING, BAY AND YACHT CLUBS. ****PLEASE DO NOT, I REPEAT! DO NOT DISTURB ANY OF THE TENANTS.

Newport Beach, 319 Marine Avenue

Price: $2,350,000
Units Total: 3
Lot Size: 2,178
Living Area: 2,305
Year Built: 1965
Parking: 3
Days on Market: 86
Description: 319 Marine Avenue is an iconic mixed-use Newport Beach Trophy property located on Balboa Island. The property features a recently renovated spacious 2 bedroom 2 bath residence with a large balcony above two ground floor retail units. The property also features two garages with parking for three vehicles and accessible through the alley behind the property. The property offers investors a versatile mix of residential and commercial components in a highly sought after market and location.

Newport Beach, 216 21st Street

Price: $2,349,000
Units Total: 2
Lot Size: 2,178
Living Area: 2,180
Year Built: 1972
Parking: 2
Days on Market: 113
Description: MAJOR PRICE REDUCTION: Ocean view Balboa Peninsula Duplex furnished and available for immediate tenants or owner to enjoy! Both units have been tastefully remodeled and appointed with travertine flooring and great appliances / fixtures throughout. Lower Unit has a living area with fireplace, dining space, gourmet kitchen, 2 bedrooms, 2 bathrooms, private enclosed outdoor patio for great entertaining, and a garage with laundry area. Upper Unit features beamed ceilings, spacious great room with fireplace, dining space, gourmet kitchen with kitchen bar, a master bedroom with en-suite bath, two secondary bedrooms with shared bath, direct garage access and separate laundry room. This home is in a great location to walk and enjoy the Newport bay, beaches and many wonderful restaurants. The property has a driveway for two more vehicles and outdoor shower. 216 21st St is turnkey ready and perfect for personal or investment opportunities!

Playa del Rey, 6501 Vista Del Mar

Price: $2,895,000
Units Total: 3
Lot Size: 2,700
Living Area: 4,000
Year Built: 1972
Parking: 4
Days on Market: 165
Description: HUGE AND SPECTACULAR DUPLEX! This is a rare one-of-a-kind property with two huge apartments plus an unpermitted studio. Unit A features 3 beds, 3 baths, on multi-levels with soaring open beam ceilings. Unit B features 2 beds, 2.5 baths plus a large bonus room that could be used as a third bedroom, office or entertainment area. Unit A enjoys nearly 900 sq.ft of deck space and as one of the tallest residential buildings in the neighborhood the views are endless and breathtaking. On a clear day, from the top deck enjoy a stunning, vertical 360 degree unobstructed view of protected nature preserve to the east, full on views of the Los Angeles basin, surrounding mountains, Hollywood sign, Marina Del Rey, Santa Monica, and the ocean. This property is perfect for the owner / user or the absentee investor. Rent control regulations apply, but property will be sold with market rents in effect for both apartments and the studio. Exterior of building was just restored; kitchens and baths are original and clean. A + Prime location with easy access to everything.

Newport Beach, 1520 Abalone Place

Price: $2,800,000
Units Total: 2
Lot Size: 2,614
Living Area: 2,090
Year Built: 1972
Parking: 3
Days on Market: 82
Description: Little Balboa Island duplex one house to the water, fully remodeled in 2016, is ready for its new owner! This premier property is on a corner lot with a new private elevator that accommodates a walker. The main house is an open great room plan filled with natural light and a harbor view down the street through the large picture window! The chef’s kitchen has all you need to entertain with ease. Granite counters throughout the house. Designer perfect 3 bedrooms are all en suite with walk in closets. The master suite is beautifully spacious and has custom built-ins for loads of storage. Enter the gorgeous master bath with dual sink basins, rain shower and soaking tub. The other two bedrooms are equally wonderful with full baths and walk in closets. Amenities simply unheard of in a duplex on the little Island. The elevator will carry you from entrance to living area with ease. This main house is structurally set up for a roof deck should you desire more outdoor living space and views! The rear unit is equally beautiful, light and open. One bedroom with a full bath, its so comfortable you would never know you were in a rear unit. Each unit has air conditioning, washer and dryer, new double pane windows, separate outdoor living spaces and much more.