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.

17200 Newhope Street

Price: $495,000
Units Total: 2
Lot Size: 644
Living Area: 1,680
Year Built: 1985
Parking: 1
Days on Market: 68
Description: Rare opportunity to own a this spacious 1680 sq.ft tri-level 2bd / 2bth duplex-style condo – inexpensively! Rarely do you find income producing property of this caliber. One unit is a two-story one-bedroom, one-bathroom and the other is a one-bedroom studio. Live in one and rent the other – or rent them both! This condo’s impressive floor plan features a spacious living room, dining room and kitchen on the first floor. Wood laminate floors and floor to ceiling mirrors downstairs bring more area to the space with a wet bar / breakfast bar off the kitchen area. There is plenty of cabinet space in the kitchen with an additional storage closet under the stairs. The second floor features a large storage closet, master bathroom, laundry room with full size washer / dryer hookups, and large bedroom with walk in closet and balcony. The third floor is a private entry studio with an additional walk in closet and 3/4 bath as well as a small kitchen area with a bar sink and mini refrigerator. Gated community with gas BBQ grills, two pools, two jacuzzi’s, plenty of parking (property comes with one assigned covered gated detached parking space in shared garage). Tennis, Basketball, Volleyball, racquet ball, gyms, fitness, Olympic size pool, spas, steam rooms, and much much more are all literally steps away. The Los Caballeros Homeowners Association has low dues and well funded reserves so you buy with confidence! Come call the Los Caballeros community home.

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.

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

Corona, 4456 Owens Street

Price: $410,000
Units Total: 1
Lot Size: 1,008
Living Area: 1,825
Year Built: 2007
Parking: 2
Days on Market: 54
Description: In the heart of Corona’s most desirable area, fabulous Owens Cove @ Dos Lagos Market Street Community, popular Tri-Level 3 bedroom, 2.5 bath floor plan offers 1,825 sq. Ft. Is turnkey end unit with abundance of natural light offering many upgrades throughout. Living room with soaring vaulted ceilings has dark wood floor downstairs and plush carper upstairs, designer paint. Gourmet kitchen featuring high-end stainless steel appliances, granite counter tops, mahogany cabinets, island, plus a walk in pantry. You also get 3 balconies, recessed lighting, large baseboards and much more. This property is across from the Dos Lagos Golf Course and Promenade. You also have the pleasure of relaxing at the community pool and spa plus Club house with billiards table, out door fireplace and picnic areas.

Avalon, 342 Eucalyptus Avenue

Price: $1,300,000
Units Total: 2
Lot Size: 1,170
Living Area: 1,597
Year Built: 1993
Parking: 0
Days on Market: 272
Description: Motivated Sellers are looking for an offer! Duplex with 2 bedrooms plus 1.5 baths per unit on Eucalyptus street – the only street that has no through traffic. Double paned windows throughout (except porthole window on the upper unit), Gas stoves. Fireplaces are gas. Central heat but no central air. Separately metered city utilities. Salt water flushing toilets. Large basement (approx. 600 sq.ft) is NOT living space but is wonderful for storage and tools. Upper unit is a summer rental and used as our second home not in the summer. Summer rental is by the week on the upper unit ( $2100 a week) and off season 3-day weekend minimum at $275 a nite. Downstairs unit is a full-time rental – currently rented at $1950. Owner can be there to show with 48 hours notice. When you purchase most homes on the Island, all furnishings are included which is true with this property excluding some fish sculpture on the walls. We have a great percentage of summer guests who return each year, so there is built-in business if you want it. Since there is a water shortage on the Island, we are not permitted to wash down the exterior but will be glad to do any maintenance items with a reasonable offer.

2209 South CONGRESS Avenue

Price: $629,000
Units Total: 4
Lot Size: 1,769
Living Area: 2,134
Year Built: 1924
Parking: Yes
Days on Market: 20
Description: Great investment property conveniently located near 10 fwy, USC and DTLA. 2 units are recently remodeled. Unit mix is two units with 2 bed, 1 bath and two units with 1bed, 1 bath. Property to be delivered with tenants. Drive by only, please do not disturb tenants.

4206 Highland Avenue

Price: $1,499,000
Units Total: 2
Lot Size: 1,800
Living Area: 1,560
Year Built: 1930
Parking: 0
Days on Market: 12
Description: Bread and butter duplex with consistent actual rents you can depend upon. Almost at lot value, this Spanish style beach residence is a perfect place to park cash and have options. And, its set-up with more square footage than the norm which is a special feature, because it brings in more cash. Stunning ocean views and situated just 2 blocks to the beach and other amenities to make your life easier. Gourmet coffee, high-end workout facilities, all-time great restaurants and bars, shops and spas. Even better for those who need to be somewhere in Los Angeles or LAX, because of its location. Coin-op washer and dryer on-site. Upper unit has its own private patio deck and both units get plenty of ambient light.

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!

Los Angeles, 1708 East 3rd Street

Price: $499,000
Units Total: 3
Lot Size: 1,874
Living Area: 1,676
Year Built: 1890
Parking: 2
Days on Market: 61
Description: 3-unit INVESTMENT OPPORTUNITY generating a total of $3,150 rent each month! One unit has 2bed, 1 bath and the other two are 1bed, 1 bath. This triplex is complete with hardwood-style laminate floors, and tile. This property is conveniently located next to the 101 Fwy and 10 Fwy, schools, public transportation, churches, shopping, dining and entertainment. This the a great opportunity for you if you are in the market for a great investment property, in good condition and equipped with tenants to save you the hassle. You do not want to miss out on this property!

Los Angeles, 2048 Isabel Street

Price: $350,000
Units Total: 2
Lot Size: 1,915
Living Area: 1,008
Year Built: 1926
Parking: 0
Days on Market: 163
Description: DON’T MISS OUT! OPPORTUNITY KNOCKS! This duplex in “RED-HOT” NELA might just be the best opportunity left for home ownership in this great community at an affordable price! Although currently occupied by long-term tenants- just imagine the possibility of someday converting this property into a single-family residence! Your decision to buy this amazing property at such a great value is genius! Each unit is 1-bedroom + 1-bathroom with ~500 sq.ft of living space. CURRENT RENTS: Unit#1= $846.25 and Unit#2= $314 / month THANK YOU:) BUYER TO VERIFY ALL ASPECTS OF PROPERTY INCLUDING SQUARE FOOTAGE and BED / BATH COUNT. THANK YOU:) AND adjacent duplex also for sale at 3100 Division Street 90065. BUY THEM BOTH AND CREATE YOUR OWN REAL ESTATE EMPIRE:) NOTE: DELIVERED WITH EXISTING LONG-TERM TENANTS

4340 North Eagle Rock Boulevard

Price: $1,150,000
Units Total: 2
Lot Size: 1,921
Living Area: 2,551
Parking: Yes
Days on Market: 12
Description: A rare opportunity in red-hot Eagle Rock. This spacious, newly-built home includes a commercial storefront on a popular street; live and work with zero commute, or realize income potential with one or both units. The light-filled upstairs residence impresses with an open kitchen, center island, stainless appliances by Bosch, and den / office. Dual Master Suites have walk-in closets; the private rooftop deck provides gorgeous views. On the ground level a corner-unit commercial space with separate entrance features high ceilings and concrete flooring, ideal for an office, shop or other use. This mixed-use property also features dual-pane windows, tankless water heater, and energy-efficient heat and a / c. Well located at the border of Highland Park and just minutes from Pasadena, Glendale and Downtown LA. Under construction by Warmington Residential; purchase includes options for customization with a professional designer. Photos are of the Plan 2 Model home, not all Plans are the same.

Venice, 581 GRAND Boulevard

Price: $2,099,000
Units Total: 2
Lot Size: 1,931
Living Area: 1,221
Year Built: 1923
Parking: 0
Days on Market: 32
Description: Prime Venice duplex located just 1/2 a block away from Abbot Kinney and only five blocks from Venice Beach. The newly built front unit is a bright and airy 2 bed / 1 bath, with additional loft area and laundry inside. Front unit is vacant and currently a host property for short term renters. The back unit is a 1 bed / 1 bath with a long-term tenant. Each unit has its own private entrance. This is a great opportunity for an owner / user, investor or developer who wants to get into the hot Venice real estate market.

1205 North SPAULDING Avenue

Price: $2,195,000
Units Total: 2
Lot Size: 1,964
Living Area: 2,156
Parking: 2
Days on Market: 56
Description: Built from the ground up in 2016, this new construction Spanish Contemporary Duplex blends old world charm with the finest of new world materials. With a gated entrance, the 3 bedroom upstairs unit (1207 Spaulding) feels like a house with a beautiful living room consisting of a separate sitting area with a large bay window overlooking the walk street below. The formal dining area leads to the spacious kitchen with its modern backsplash and cabinetry affording plenty of space and storage. Each bedroom has their own bathrooms, done to the nines in Carrera marble with stunning chevron floors. Other highlights include recessed lighting, modern fixtures, various windows to allow for natural light, and beautiful transitional interior doors. Downstairs, the second unit (1205) features direct entrance from garage, an open living area, large kitchen, Master bedroom with fireplace and private bathroom, as well as a second room w bath that can function as a bedroom, den, or office. A + location!

Los Angeles, 2410 Houston Street

Price: $399,900
Units Total: 2
Lot Size: 2,024
Living Area: 1,472
Year Built: 1965
Parking: 0
Days on Market: 168
Description: Great Investment in the upcoming area of Boyle Heights, only minutes away from Downtown, 2 bedrooms 1 1/2 baths each, (buyer to verify permits) property needs a little interior TLC, New Exterior Paint, New Fence, New Landscape, perfect for the aggressive investor or Owner occupied, live in one and rent the other to help you with mortgage payments. Please Do Not Disturb Occupants. Drive By Only, Write offer subject to inspection, PROPERTY COMES WITH TENANTS.

3206 West Balboa Boulevard

Price: $1,595,000
Units Total: 2
Lot Size: 2,034
Living Area: 2,320
Year Built: 1972
Parking: 3
Days on Market: 88
Description: Reduced by $100k! Located a block from the beach and some of the top area surf breaks, this duplex is a wonderful investment for those looking for an income producing property on the Newport Beach Peninsula. The units are situated side-by-side and are clean and well kept. Both have had recent updates including kitchens, lighting and paint. Each unit has one bedroom and bath on the downstairs level, with living areas and additional bedroom (s) on the second floor. Slider doors in each living room let the nice ocean breezes in! The location affords easy access to Pavilions shopping center, Cannery Village, the new Lido House Hotel and the Lido Marina Village- with its popular restaurants and shops! Walk or wheel just about everywhere. Current tenant would like to remain. Call us for details.

Playa del Rey, 177 CULVER

Price: $1,550,000
Units Total: 1
Lot Size: 2,046
Living Area: 1,742
Year Built: 1925
Parking: 0
Days on Market: 248
Description: (To be sold with 165 Culver Blvd.) This property represents 50% of a rare commercial offering on Playa del Rey’s main street Culver Blvd. An assemblage of 3 adjacent prime commercial income parcels with the Playa del Rey community. Del Rey Lagoon and Park to the North and Beach to the West. The 2 commercial buildings (LAC4) occupy 2 of the 3 lots, with the third used as parking lot for 165 Culver Blvd. This is the first time offering for these properties in the community’s downtown area and an exciting opportunity to own Silicon Beach real estate with irreplaceably high coverage, short term leases.

Corona, 2270 Indigo Hills Drive

Price: $368,888
Units Total: 1
Lot Size: 2,178
Living Area: 1,555
Year Built: 1993
Parking: 2
Days on Market: 187
Description: FHA APPROVED! This is an AFFORDABLE, spacious, two-level condo with attached 2-car garage and inside laundry room perfect for 1st Time Buyers and / or investors. This is a great floorplan, with a huge master bedroom and bathroom with walk-in closet, bathtub and shower. It also has 2-balconies (one upstairs and one downstairs) with a half bath on the first level. This condo is in a great area just south of Norco Hills and walking distance to Corona Hills Plaza that has a Home Depot, Costco, Ross Dress for Less, Starbucks and numerous other shops and restaurants. Also, this condo is within a mile from the 91 and 15 Freeways to help reduce the commute for those who work outside of Riverside County. PLEASE DO NOT CONTACT OCCUPANTS.

Newport Beach, 208 30th Street

Price: $1,949,000
Units Total: 2
Lot Size: 2,178
Living Area: 2,405
Year Built: 1963
Parking: 2
Days on Market: 77
Description: Newly listed spacious duplex centrally located in the heart of West Newport Beach. Both units are 3 bedrooms and 2 baths and recently updated with smooth ceilings, canned lighting, updated flooring, updated kitchen and baths; interior laundry for each unit. The upstairs unit features an oversized master bedroom and a spacious covered deck. The lower unit enjoys a traditional enclosed patio with a white picket fence, perfect for a post-surf BBQ with friends. Sporting a newer roof and a recently painted exterior, this seaside duplex provides great appeal and functionality with much to offer including an attached 2-car garage. The Residents can enjoy the best of Newport Beach with sandy warm beaches, Lido Marina Village, the Lido House Hotel plus world-class dining and shopping.

Los Angeles, 5809 VENICE

Price: $995,000
Units Total: 2
Lot Size: 2,209
Living Area: 712
Year Built: 1940
Parking: Yes
Days on Market: 193
Description: This duplex is currently used as a single family and is located on a C2 lot. Both 1 bedrm – 1bath units occupied for commercial use currently. Property has 2 enclosed garages and 2 carports The square footage does not include the area in the two enclosed garages. There is additional room for 5 cars to park in front of the property. Tenant pays all expenses except property tax and insurance. Located close to transportation and expo line.

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.

Long Beach, 1867 Pasadena Avenue

Price: $950,000
Units Total: 4
Lot Size: 2,233
Living Area: 2,865
Year Built: 1928
Parking: 4
Days on Market: 18
Description: This investment opportunity is located in northwest Long Beach, CA, just off Pasadena Avenue and California’s historic Pacific Coast Highway. The Four-Plex consists of three (3) 1 bedroom / 1 bath units, each roughly 755 sq.ft, and one (1) studio unit at approximately 330 sq.ft. Some amenities of the property include each of the units having individual water heaters, are separately metered for gas and electricity, and have three (3) total attached garages. Recently, one unit has been completely remodeled with renovations including a brand new kitchen and bathroom. A new investor has the opportunity to collect stabilized HUD-VASH rents, have the peace of mind knowing the units have been well maintained and regularly pass the yearly Section 8 inspections, and most importantly feel great about housing our U. S. Military veterans and their families.

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

1317 Exposition Boulevard

Price: $515,000
Units Total: 2
Lot Size: 2,254
Living Area: 1,520
Year Built: 1915
Parking: 0
Days on Market: 45
Description: Location, location. Great duplex, identical units. Perfect great investment property. Live in one rent the other. Features 2bed / 1bath each unit, a nice family room, kitchen and breakfast area. Within walking distance to University of Southern California and public transportation. Less than a mile from LA Coliseum and Natural History Museum. Will not last.