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: 129
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: 609
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.

Manhattan Beach, 816 The Strand

Price: $12,850,000
Units Total: 2
Lot Size: 3,366
Living Area: 2,807
Year Built: 1956
Parking: 5
Days on Market: 57
Description: Prime South-End location of the Manhattan Beach Strand! It does not get any better than this with a picture perfect Manhattan Beach Pier View and proximity to Downtown Manhattan Beach. Charming mid-century 4 bedroom home, plus a separate 2 bed 2 bath income-unit over the garage. Spacious outdoor areas with a quaint courtyard on the side and a fantastic patio situated above the walk path of the Strand. Plenty of parking with a 3-car garage and 2-spots behind the garage. Panoramic White Water and Sand Views from Palos Verdes to Malibu. Enjoy the true Manhattan Beach lifestyle with Ocean Front living, only steps from all the great local Shops, Restaurants, and Parks.

Santa Ana, 1001 West Stevens Avenue

Price: $2,900,000
Units Total: 10
Lot Size: 820
Living Area: 0
Year Built: 1972
Parking: 10
Days on Market: 139
Description: REDUCED PRICE! 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.

3302 Manhattan Avenue

Price: $5,650,000
Units Total: 6
Lot Size: 2,259
Living Area: 3,600
Year Built: 1960
Parking: 6
Days on Market: 96
Description: Trophy Income Property with Panoramic Ocean Views • Taken down to the studs in 2017, this virtually brand new 6 unit property is ideally located in a premier north Hermosa location. • Features 6 one bedroom / one bath units each featuring new wide plank oak flooring, new windows and doors, new cabinetry, stainless appliances and quartz counter tops, frameless glass showers with bench seat, large bedroom closet, washer and dryer, A / C, custom window blinds, security gates and one oversized garage space per unit (can handle large SUV’s). • Income of $21,150 per month • Short walk to beach, gym, Boccato’s Groceries, and assorted other services and a 8 min walk to downtown Manhattan Beach shops and restaurants. • Panoramic sand and whitewater views from upper units and two of three lower units boast great ocean views.

Venice, 40 WESTMINSTER Avenue

Price: $7,785,000
Units Total: 18
Lot Size: 3,149
Living Area: 7,691
Year Built: 1912
Parking: 0
Days on Market: 35
Description: HUGE PRICE REDUCTION! We are pleased to offer for sale an incredible turnkey multifamily asset at 40 Westminster Ave in coveted Venice Beach, California. 40 Westminster sits just 400 ft from the sand on one of the best blocks Venice has to offer. The building has been meticulously renovated with no expense spared. 12 of the 18 units are showpieces with reimagined and improved floorplans while the remaining 6 units offer significant upside potential. Situated steps from the Venice boardwalk, across the street from the Westminster Dog Park and a 5 minute walk to Abbot Kinney, 40 Westminster puts residents in the center of everything Venice has to offer. The building features units designed with the affluent millennial renter in mind. Renovated apartments typically have an in-unit washer / dryer as well as fully appointed kitchens and baths. This level of detail has resulted in a rent per square foot exceeding $5.00, further supporting Silicon Beach’s status as LA’s top rental market.

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: 206
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.

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: 214
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.

Manhattan Beach, 113 27th Street

Price: $5,399,000
Units Total: 3
Lot Size: 2,724
Living Area: 2,925
Year Built: 1957
Parking: 3
Days on Market: 72
Description: AAA location on the north corner of 27th and Ocean. (2) Two bed / Two bath, (1) Two bed / One bath, all with ocean views. A tremendous opportunity for development or as a trophy income property. SUBMIT ALL OFFERS

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: 98
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.

Venice, 1206 VENICE Boulevard

Price: $22,000,000
Units Total: 32
Lot Size: 12,214
Living Area: 29,080
Year Built: 1988
Parking: 0
Days on Market: 81
Description: We are proud to present 32 units on Venice Boulevard in Venice. Non-rent control. Built in 1988. Great unit mix of 1’s and 2’s. Four stories over gated, secure parking. Upside in the rents. Central air / heat. Please call listing office for more details.

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: 166
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.

Manhattan Beach, 233 6th St

Price: $4,599,000
Units Total: 2
Lot Size: 2,705
Living Area: 3,278
Year Built: 1958
Parking: 2
Days on Market: 144
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

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: 129
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: 206
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.

3216 Manhattan Avenue

Price: $5,500,000
Units Total: 4
Lot Size: 3,497
Living Area: 4,191
Year Built: 1973
Parking: 9
Days on Market: 13
Description: 3214-3216 Manhattan Ave is a highly sought-after 4-unit building located a block from the beach. The building boasts a large living area consisting of 4,191 sq.ft (BOMA). There is an additional 401.9 sq.ft of residential common area space (building storage, laundry room, and stairs), as well as 1,624 sq.ft of enclosed garage space and 949 sq.ft of balconies and decks (BOMA). The unit mix consists of (1) 3-bed / 2-bath unit and (3) 2-bed / 2-bath units. The building features 9 garages (totaling 1,624), 1,000 sq.ft of private balcony space, and big ocean views from the second and third floor! There is an Immediate development opportunity to build (2) $5M townhomes with a maximum floor area of 5,945.64 sq.ft (buyer to verify).

4108 Highland Avenue

Price: $3,500,000
Units Total: 2
Lot Size: 2,242
Living Area: 3,682
Year Built: 1990
Parking: 6
Days on Market: 20
Description: Large, 4-story, North Manhattan mixed use building with over 3,000 sq.ft in residential living space and sweeping whitewater ocean views from Palos Verdes to Malibu. The property has a large parking garage located on the second floor with gated entry offering 4 parking spaces with a additional storage. Additionally, there are two leased parking spaces on Crest of which the leases transfers over in the sale of the property. From the parking garage an elevator provides entry to the 3rd level which has 2-bedrooms a kitchen, den, master bath and half bath. The 4th floor offers a kitchen, master bedroom with walk-in closet, master bath and half bathroom off the kitchen. The 3rd and 4th floor living areas and decks offer beautiful 180 degree views. Each living area has a gas fireplace, plantation shutters, and open beam ceilings. Each kitchen has granite counters and built-in double oven, stove top, and refrigerator and laundry area inside. Additionally there is a street front commercial unit (approximately 600 sq.ft) to call your own, or lease out. All units within the property are presently owner occupied. Short term rentals are permitted in the residential portion of the property because the property is zoned commercial. – Buyer to verify all information

Newport Beach, 200 East Oceanfront

Price: $3,995,000
Units Total: 2
Lot Size: 2,614
Living Area: 2,427
Year Built: 1930
Parking: 2
Days on Market: 199
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, 920 South Hill Street

Price: $35,000,000
Units Total: 239
Lot Size: 22,935
Living Area: 190,903
Year Built: 2017
Parking: 328
Days on Market: 476
Description: The Hill Street Lofts project is located on South Hill Street between 9th St. And Olympic Blvd. In the trendy Historic Core district of Downtown Los Angeles. Currently Joe’s Parking, the site is fully entitled for the ground-up construction of a 340 ft. High-rise mixed use project consisting of 239 condominiums and 5,405 sq. Ft. Of rentable retail space. Amenities include: North and South 7th Floor Amenity decks, pool and roof decks, gym and helipad. All 239 units have 50 sq. Ft. Balconies. 6 level above ground and 1 level subterranean parking garage with 328 parking spaces and 214 bicycle spaces. Parcel situated adjacent to The Ace Hotel, The Stocking Frame, Crossfit 213 and a short walk from the best Downtown LA has to offer. Unit Breakdown: Studio: 15 units 1 bedroom: 112 units 2 bedroom: 108 units 3 bedroom: 4 units Zoning: [Q] R5-4D Lot Area 22,935 Floor Area Ratio 6: 1 (137,610 sq. Ft.) Maximum Floor Area Ratio: 13: 1 (298,155 sq. Ft.)

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: 261
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.

Los Angeles, 9315 ALCOTT Street

Price: $16,150,000
Units Total: 14
Lot Size: 11,428
Living Area: 25,908
Year Built: 2007
Parking: Yes
Days on Market: 91
Description: Built in 2007,9315 Alcott Street is comprised of 14 non rent control condominiums with separate APNnumbers. Located just South of Pico Blvd, in the neighborhood of Beverlywood. The property is walking distance to a myriad of coffee shops, restaurants, and synagogues. The property features over 25,000 sq.ft of rentable area and is situated on a large 11,428 square foot lot. Comprised of (1) three-bedroom, three-bathroom unit, (12) three-bedroom, two and half-bathroom units, and (1) two-bedroom, two-bathroom unit. The building has been well maintained andincludes a 1,500 sq. Ft. Gym / rec room on the ground floor with kitchen and bathroom. Two levels of subterranean parking for approximately 36 parking spots including guest parking.

Los Angeles, 2731 BEVERLY

Price: $9,600,000
Units Total: 66
Lot Size: 6,827
Living Area: 24,795
Year Built: 1927
Parking: Yes
Days on Market: 172
Description: Gorgeous prominent 4 story property in the area is referred to as “Rampart Village” and is quickly becoming the new Echo Park and Silverlake. This property has undergone major renovations including new copper plumbing, new waste lines, updated electrical system, restored lobby and common areas, updated windows, and many renovated units. The units are large bachelors with full bathrooms and small kitchenettes. These units are bright and have city views. The units rent like hotcakes. This is the perfect “VALUE ADD” deal as all the heavy lifting is done. As the units vacate a new owner will realize a substantial cash flow surge as the rents are 40% under value. Out of the 65 units – 35 units have been renovated!

Venice, 1922 PACIFIC Avenue

Price: $3,900,000
Units Total: 8
Lot Size: 2,801
Living Area: 4,451
Year Built: 1907
Parking: 0
Days on Market: 100
Description: 8 Units in the heart of Venice. 4 One bedrooms, 1 two bedroom and two Singles, one Bachelor. Unit #2 (1 Bedroom) has new kitchen floors and cabinets, Unit 5 (Bachelor) has all new wood laminated flooring, new bathroom sink, light fixtures, blinds.

Newport Beach, 807 East Bay Avenue

Price: $2,450,000
Units Total: 1
Lot Size: 1,805
Living Area: 1,300
Year Built: 1926
Parking: 3
Days on Market: 49
Description: Swanky! This boho-chic vintage row house is a one-of-a-kind treasure in the heart of old Balboa. A jewel box property overlooking the harbor that affords a mixed-use zoning designation allowing for tremendous flexibility in use of space. With an edgy urban appeal the brick exterior facade and black painted front door beguiles a romantic interior courtyard with a tranquil fountain, large spa and inviting patio entertaining area. A lower level bedroom and bath with an adjoining sitting room opens onto the adjacent courtyard. Exterior stairs ascend to a sizable dining terrace overlooking the patio below. From here doors open to the upstairs living area that channels a chic city-vibe. A large living room and adjoining galley kitchen both capture panoramic views of Newport Harbor and the glistening city lights beyond. Antique brick paver floors and custom woodwork accent these upper level entertaining areas, as well as the adjacent bedroom suite. There is potential for an additional rooftop terrace that would allow for unobstructed views in every direction. A property rich with history that city records indicate dates back to the early 1900’s, this beauty is well-suited as a mix residential space with office / professional space below. Truly one not to be missed!