Residential Income, California | Page 1 -001-11-30T00:00:00-08:00
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Palm Desert, 40890 SANDY GALE Lane

Price: $8,772,000
Units Total: 51
Lot Size: 475
Living Area: 47,725
Year Built: 1985
Parking: Yes
Days on Market: 32
Description: Pacifica Real Estate Services, Inc. Is offering 51 condominiums for sale within the 100-unit, resort-style Royal Palms community in Palm Desert, California. The property was built in 1985 and just underwent a major common area and unit renovation in 2017-18; the common area improvements include newly-resurfaced swimming pools, new patio furniture, and water-efficient desertscape; the extensive unit improvements include new cabinets, stone countertops, lighting fixtures, electrical outlets, plumbing, wood-style tile flooring, new paint, and upgraded appliances. The 51 units owned by Pacifica and offered for sale consist of 49 two-bedroom units ranging from 925 to 1,200 sq.ft and two one-bedroom units with 750 sq.ft. With a per-unit sale price of $172,000, these beautifully renovated units are a great investment opportunity, well below the $250,000 sales price they commanded when sold individually in 2006.

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: 513
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.

Venice, 845 Venice Boulevard

Price: $7,500,000
Units Total: 0
Lot Size: 2,022
Living Area: 0
Year Built: 1934
Parking: 0
Days on Market: 99
Description: Prime corner location on Venice Blvd. And Marion Pl. Contains over 18,000 sq.ft of LAR3 zoned land. Located between Lincoln Blvd and Abbot Kinney with rear alley access. Parcels sold as a package. The property contains 3 single family homes and 4 separate bungalow units 3 of which are rented. The single 3 single family home will be vacant at the close of escrow. Great possibility to purchase this once in a lifetime real estate opportunity.

Santa Ana, 1001 West Stevens Avenue

Price: $2,950,000
Units Total: 10
Lot Size: 820
Living Area: 0
Year Built: 1972
Parking: 10
Days on Market: 42
Description: Best ROI on the market! But that’s just the beginning. This is a truly unique opportunity to have an income property better than anything else on the market. This offering consists of 10 units located in the highly desirable South Coast Metro area (1001 W. Stevens). There are 9 two-bedroom units and 1 three-bedroom unit that are fully rented with seasoned tenants and ROI calculations that are based on REAL (not projected) numbers, which means your Buyer gets condominium benefits along with apartment building convenience and revenue. Under the same ownership for over TEN years, the units have a proven track record of low vacancies (1% average), low operating costs and smooth and consistent operation. And because this is a planned community, most of the larger expenses (Insurance, landscape, utilities) as well as big-ticket capital expenses (roofs, paint, pools, termite, etc.) are included in the low HOA dues which means (best part) they are ALREADY included in the ROI projections. Few (if ANY) other listings on the market make such considerations or can boast REAL (not projected or potential) rents and expenses. Lastly, the condo community has undergone a major renovation over the past several years. Termite, roofs, pools, paint, balconies (and more) have been replaced and won’t need to be done again for years to decades. Contact selling Broker for more details not listed in this narrative.

Newport Beach, 924 East Oceanfront

Price: $5,890,000
Units Total: 1
Lot Size: 2,185
Living Area: 2,407
Year Built: 2018
Parking: 2
Days on Market: 45
Description: **This property is a Short Term Rental Approved and Permitted and currently generating $1500 to $2500 PER NIGHT of income in all months of the year. Lots of dates already booked for the whole year** Amazing income generating investment Perfect for part time owner use / short term rental investment. Showcasing a prime Brand New construction by award-winning and well known Builder SC Custom Homes and Architect Ian Harrison. This ultra modern and luxury beachfront masterpiece offers panoramic water and coast line view from nearly every room. Contemporary and chic open floor plan to include every modern convenience desirable to give you an ultimate 5 star resort home feeling throughout. 3 bedrooms plus a loft, 4.5 baths, (every room including the loft has its own full bath and balcony access with view) over-sized 2 car attached garage and blocked alleyway that allows 2 extra car parking outside (this is a great future in Newport Beach), ample storage space and slide-away glass doors creates an unobstructed view from both living room and 2nd level master bedroom. 3rd floor entertainment loft connects you to a large size rooftop with Wolf BBQ set up, seating area for day and night entertainment with breathtaking white water, harbor, Newport bay, famed surf spot The Wedge, Catalina Island, city skyline and stunning sunset views. This remarkable beachfront estate has it all. You Have both Beautiful Ocean view and Fantastic Bay View in this house. One of a kind.

Bellflower, 10062 Belfair Street

Price: $15,300,000
Units Total: 0
Lot Size: 5,833
Living Area: 43,508
Year Built: 1953
Parking: 0
Days on Market: 87
Description: PORTFOLIO OF 30 SINGLE FAMILY HOUSES located in Long Beach, Carson, Downey, Norwalk, and Lakewood. Fully rented Average valuations range from $400,000 to $600,000 CLICK ON SUPPLEMENTS FOR COMPLETE PORTFOLIO

Newport Beach, 916 East Oceanfront

Price: $6,000,000
Units Total: 2
Lot Size: 2,614
Living Area: 2,597
Year Built: 1972
Parking: 2
Days on Market: 109
Description: Oceanfront 2 units, each 3 bedroom 2 bath. Must be sold with 919 E Balboa 2 units also each 3 bedroom 2 baths ( $3,000,000) which is a contiguous lot with mutual easement. Recently remodeled and furnished. Rented weekly, monthly or yearly. See supplements. Buyer to verify all financial and income information.

2700 Ocean Boulevard

Price: $5,850,000
Units Total: 2
Lot Size: 2,614
Living Area: 2,948
Year Built: 1929
Parking: 1
Days on Market: 49
Description: PRICE REDUCTION Unique California Classic 3 bed, 3 bath Spanish Villa including an additional two-story one bed / bath Casita, all with unsurpassed water views. Originally built in 1929 and recently renovated, this one-of-a-kind property is situated on 125 curb feet of coveted Ocean Boulevard offering breathtaking panoramic views of the ocean, bay, and Newport Harbor entrance. Set above China Cove and just steps away from Inspiration Point and Big Corona Beach, this architecturally unique home offers the ultimate California Riviera lifestyle. The main house includes three bedrooms, three baths and original elevator, attached sports garage equipped with both his and hers top of the line 404 paddle boards and Newport Electric Bike custom beach cruisers. The ground level of the main house includes two beds, full bath and den and private garden area again with stunning views. From the second level, the master bed, formal living, dining, and gourmet kitchen with spectacular views. Wrap-around viewing deck perfect for dining alfresco and watching whales, incredible sunsets, and surf at the famous wedge. The attached ocean view, one bedroom one bath Guest House with large deck offers privacy great for guests or in-laws. Wake to the sights and sounds of the sea and you’ll never want to leave. Easy access to both bay and ocean beaches and world Class shopping and dining just moments away.

Newport Beach, 224 20th Street

Price: $10,995,000
Units Total: 3
Lot Size: 5,227
Living Area: 5,700
Year Built: 1964
Parking: 7
Days on Market: 117
Description: This extremely rare Balboa Peninsula Bayfront triplex has one of the most spectacular Newport Harbor, Fashion Island, Saddleback mountain, and city lights views in Newport Beach. With over 5,700 sq.ft of living space, this property has three full levels of living that is highlighted by the handsome 3,000 square foot owner’s unit; it features panoramic vistas, a living room with a dual sided fireplace, dining area, family room, a generous-sized kitchen with maple cabinetry, stainless steel appliances and granite countertops; a luxurious master suite with a fireplace, his and hers baths, two additional bedrooms with ensuite baths, a powder bath, laundry room, an office work area and a unbelievable rooftop deck with “jaw dropping” views and a jacuzzi. The two lower level units each have three bedrooms, two baths, fireplaces, great rooms with galley kitchens, a shared laundry facility, and big harbor vistas. The property features 48’of bayfront, a private pier and slips for two boats including a 70’; a 3-car tandem garage for the owner’s unit and two 2-car tandem garages each designated to the lower units. Located on a quiet street within easy walking distance of all of the fun of Newport Beach including the Newport Pier with its world-famous boardwalk, Blackies surfing beach, and great restaurants and nightlife. This property is perfect for an owner who seeks an “up or down leg” to a 1031 exchange, or for the owner who wants a luxurious owner’s unit and great rental income.

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: 214
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.

3621 Alma Avenue Avenue

Price: $2,799,000
Units Total: 2
Lot Size: 1,497
Living Area: 2,515
Year Built: 1961
Parking: 5
Days on Market: 131
Description: This is the one you’ve been waiting for! TOP OF THE WORLD PANORAMIC OCEAN VIEWS adorn all three levels of this gorgeously remodeled home. The chef’s kitchen is a joy to cook in and features stainless steel appliances, new LED lighting, granite countertops, a breakfast bar and a reverse osmosis drinking water system. The incredible 1,000 square foot master suite spans the entire top floor and features his and her closets, a custom Italian marble fireplace, an office area and separate living room, a wet bar and HUGE ocean view deck. The master bath has been tastefully remodeled with Italian marble, dual sinks and a jacuzzi tub. The first floor bedroom suite has it’s own bathroom, sitting area, kitchenette, washer / dryer and private entrance through french double doors, making it a perfect in-laws quarters, guest suite or income unit. Rounding out the amenities of this home are double paned windows, a water filtration system, custom built-ins and cabinets, new paint inside and out, and parking for 5 cars! Located just a short two blocks to the beach and one block to all of the wonderful shops and restaurants in the north end, this is the perfect beach retreat you’e been dreaming of. More ocean view photos to come!

Manhattan Beach, 233 6th St

Price: $4,999,000
Units Total: 2
Lot Size: 2,705
Living Area: 3,278
Year Built: 1958
Parking: 2
Days on Market: 47
Description: Unique opportunity to own a full lot, corner walk-street duplex in the much desirable location of south Manhattan Beach. This property offers a chance for a buyer to get cash flow plus land appreciation. Front unit has 4 bedrooms, 2 bathrooms and walk-street patio. Rear unit has 2 bedrooms and 2 bathrooms. Two blocks to the sand. Both units share garage. Walk to downtown shops and restaurants

Brentwood, 11735 Dorothy Street

Price: $9,726,000
Units Total: 6
Lot Size: 5,299
Living Area: 7,669
Year Built: 1988
Parking: 14
Days on Market: 1
Description: Excellent investment opportunity, Coldwell banker NRT is pleased to represent this exquisite 6 unit condominium building in the most prestigious Brentwood village, of which each unit can be sold individually. Every unit is architecturally designed with high ceilings, spacious open floor plan and marble / laminated wood flooring throughout. The common area features marble flooring, there is (4) 2 bedrooms, 2 1/2 baths, (2) 2 bedrooms plus loft / third bedroom, 3 baths with access to the private rooftop siting area with view of ocean and city lights. All the units include full appliance washer, dryer, fireplace and good size balconies, building includes elevator, secure gated garage with 14 parking spaces. A block from all the amazing restaurants, stores and coffee shops in beautiful Brentwood.

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: 69
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.

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: 32
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. —

Newport Beach, 900 East Oceanfront

Price: $11,000,000
Units Total: 6
Lot Size: 6,534
Living Area: 5,850
Year Built: 1971
Parking: 6
Days on Market: 109
Description: 6 Oceanfront 2 bedroom 2 bath apartments. Recently remodeled and furnished. Parking 1 space per unit. 70′ wide lot. Rented weekly, monthly or yearly by White Sail Realty management company. Must be purchased with 916 E Oceanfront and 919 E Balboa which are contiguous lots with mutual easement. Each lot has two 3 bedroom 2 bath units with parking. See NP18048168.

Santa Monica, 901 3rd Street

Price: $25,000,000
Units Total: 32
Lot Size: 15,021
Living Area: 38,918
Year Built: 1973
Parking: Yes
Days on Market: 119
Description:

Venice, 453 RIALTO Avenue

Price: $3,985,000
Units Total: 2
Lot Size: 2,410
Living Area: 3,140
Year Built: 1905
Parking: Yes
Days on Market: 104
Description: This charming three-story Venetian original features gorgeous restored hardwood floors, leaded and stained glass windows and original period features throughout. Step into the elegant foyer and your eye is immediately drawn to all of the beautiful architectural details that make this home unlike any other. Feel the character and warmth flow seamlessly from the spacious dining room into the kitchen. The adjacent living room is highlighted by a sunroom with a marble floor – a remarkable and unique space in which to relax. The hardwood floors continue to the second story that features three generous bedrooms and an office / flex space to fit your needs, as well as a balcony with French doors. Continue up the lovely staircase, noticing all of the detailed trim woodwork, to the third story that has a studio bedroom and bathroom as well as access to the rooftop deck. The rooftop deck is the perfect space to enjoy your morning coffee or tea. 840 sq.ft guest house above garage completely remodeled.

Newport Beach, 200 East Oceanfront

Price: $4,100,000
Units Total: 2
Lot Size: 2,614
Living Area: 2,427
Year Built: 1930
Parking: 2
Days on Market: 102
Description: Capturing the essence of Newport Beach, 200 E. Oceanfront embraces a lifestyle indicative of its warm appeal. From the intimate, sunlit reading room, to its original brick-laden cottage fireplace, this charming 2-unit beachfront cottage showcases a uniquely compelling palette. Stretches of sand greet the boardwalk and entry, creating a surreal environment to enjoy coastline and ocean views. The 4 Bedroom / 3 Bedroom Front Unit, and 1 Bedroom / 1 Bathroom Back Unit Duplex is situated on a private corner lot, steps from Newport’s famed Balboa Pier, local restaurants, amenities, and Balboa Fun Zone, making it the perfect getaway for visitors and locals alike.

Los Angeles, 4715 FOUNTAIN Avenue

Price: $6,000,000
Units Total: 12
Lot Size: 3,834
Living Area: 6,600
Year Built: 1924
Parking: 0
Days on Market: 106
Description: Introducing 4715 Fountain Avenue – an impressive boutique apartment community that recently underwent a ‘white-glove’ renovation. Every square inch of this property was handled with the upmost care, in an attempt to preserve its architectural details, while at the same time implementing a modern take of urban luxury living. Comprised of 12 One Bedroom / Studio Flats with walk-in closets, 4715 Fountain offers an abundance of natural light from tall windows, high ceilings, and every in-suite amenity that you would never imagine in a 1920s era apartment building. This property is filled with classic details and designer finishes throughout such as high-end hardwood flooring, lighting fixtures, HVAC systems, full borderless glass shower enclosures, stainless appliances and combo washer / units in the kitchens. A community outdoor space includes waterless landscaping, lounge furniture, bicycle storage room, and doggy spa.

Newport Beach, 402 East Oceanfront

Price: $3,999,999
Units Total: 2
Lot Size: 2,614
Living Area: 3,258
Year Built: 1972
Parking: 2
Days on Market: 110
Description: Balboa Oceanfront Duplex with 4 bedrooms and 2 baths in upper and 3 bedrooms 2 baths in lower unit. Sand in front and no dunes. A rare find with 7 bedrooms on the beach. There are no rental contracts and nothing to stop a quick sale. Property has been a short term rental and buyer can apply for a new business license and short term permit. A popular past short term rental on the beach. Each unit has an open spacious kitchen overlooking the living room. Each with fireplace. Lower unit has large patio and upper has small balcony. Newer exterior paint. Newer double pane vinyl windows. 2 car shared garage with laundry hook ups. New carpet and shows well. The boardwalk is right in front and you can walk or ride bikes to the Balboa Pier, Balboa Business District, the fire pits or take the ferry to Balboa Island. The Municipal parking lot is just 1 block away for extra parking for your quest or tenants. This duplex cannot be duplicated and is a rare find.

Playa del Rey, 165 CULVER

Price: $3,400,000
Units Total: 4
Lot Size: 2,233
Living Area: 2,692
Year Built: 1980
Parking: Yes
Days on Market: 164
Description: This assemblage of a two parcel property is located in the heart of downtown Playa del Rey. C-4 zoning on both lots with a Culver Blvd LAR3 overlay allowing mixed use. Currently occupied by commercial tenants with short term leases. Big upside for best use by utilizing the entire property for high-end retail and penthouse living. Big ocean views. Just 2 block from the beach. Can be bundled as an assemblage with 177 Culver to the Ease and / or the vacant lots adjoining to the North side at 6832 and 6836 Esplanade. Take this piece and plant your flag at Silicon Beach. Adjacent to both the Ballona Lagoon and Park. Previously offered only as part of an assemblage, now offered as Stand Alone sale. Close to LAX, freeways, public transportation. The HUB LOCATION for Manhattan Beach, Playa del Rey, Playa Vista, Venice, Culver City and Downtown LA.

Manhattan Beach, 2601 Alma Avenue

Price: $4,000,000
Units Total: 2
Lot Size: 2,714
Living Area: 3,658
Year Built: 1969
Parking: 3
Days on Market: 29
Description: Location is what it’s all about and this home has a perfect location. Stunning views of the ocean and white water. Next to a walk street, so no auto traffic and no immediate neighbor on that side. That’s pretty much perfection. The third floor offers those stunning views. The spacious and elegant living room offers wall of windows and sliders out to balcony. Looking out from this balcony is like the feeling of being on the bow of a great ship. Huge kitchen, reading room. Two baths, Two bedrooms, (one of which is master suite) both with balconies looking out to quiet charming street. The middle floor is a miniature of the third floor with its own full kitchen and a balcony with ocean view. Two bedrooms and two baths. (A master suite) This floor can be easily closed off from the top floor (the home is a legal duplex) with it’s own separate entrance. The 1st floor is where the separate entrance is and it also has a living room, non-stove kitchen, laundry, peek-a-boo view and patio, one bedroom and one bath. The garage is a large three car and the driveway fits four cars easily.

Manhattan Beach, 129 38th Street

Price: $3,980,000
Units Total: 3
Lot Size: 2,701
Living Area: 3,720
Year Built: 1989
Parking: 6
Days on Market: 4
Description: Fabulous ocean view triplex of townhouse style with 2-car garage for front unit and 4-car tandem garage for rear 2 units. Front unit is 2 bed and 2.5 bath featuring living with ocean balcony, fireplace in laminated flooring. Middle unit is 2 bed, den, office and 2.5 bath. Rear unit is 2 bed and 2.5 bath with ocean view balcony off the living with fireplace and dining. Front and middle units are month-to-month and the rear unit is on lease started June 1,2018.