Residential Income, California | Page 1 -001-11-30T00:00:00-08:00
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Azusa, 212 South Azusa Avenue

Price: $20,600,000
Units Total: 96
Lot Size: 138,334
Living Area: 78,656
Year Built: 1960
Parking: 204
Days on Market: 100
Description: Triqor Group is pleased to present Tribeca Apartments, a 96-unit garden-style apartment community located in Azusa, California. Tribeca was built in 1960, boasting well designed, spacious units with many units having been upgraded to earn premium rents. New ownership will be able to continue the proven model with the remaining units and further boost NOI growth. In addition, the buyer can take advantage of assuming the in-place loan which is better than the current market financing. Tribeca Apartments offers an astute investor the opportunity to purchase a well located, well-maintained, institutional quality asset with over 10% upside in rents and a mid-5% cap rate on market. The Tribeca Apartments is strategically located near Interstate 210 with frontage on Azusa Ave, the city’ s major north / south thoroughfare. The property is 3.5 miles east of the 605 Freeway and 5 miles west of the 57 Freeway. The property is surrounded by major employment, retailers and a rapidly growing population. Additionally, Tribeca is in close proximity to higher education institutions including Azusa Pacific University and Citrus College. Tribeca is 1 mile from the new Downtown Azusa train station for the Foothill Gold Line, further connecting tenants to Downtown LA.

2995 Mountain Avenue

Price: $3,120,000
Units Total: 40
Lot Size: 48,391
Living Area: 28,598
Year Built: 1979
Parking: 80
Days on Market: 359
Description: Highlights: Competitive Offering CAP Rate of 6.24 %, Competitive Offering Actual GRM of 8.73, Non-Rent Control Community and Area, Rental Comparables Illustrate a 97 % Occupancy Area, 7% – 8% Upside In Potential Rental Income. Some Interior Units Have Been Updated, property has BBQ / Pool Area, Onsite Laundry, and Gated, Covered Parking. The Mountain Plaza Apartments are situated on a large 1.11 acre lot. This forty unit apartment community is composed of 20 one bedroom / one bathroom units and 20 two bedroom / one bathroom units. The Apartment community is located in the East Lynwood Drive / Del Rosa Avenue area. The areas real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and apartment complexes. Many of the residences in the East Lynwood Drive / Del Rosa Avenue neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999. Home and apartment vacancy rates are 5-10% East Lynwood Drive / Del Rosa Avenue area. Analysis shows that this rate is lower than 40% of the neighborhoods in the nation, approximately near the middle range for vacancies.

Gardena, 13605 South Vermont Avenue

Price: $11,000,000
Units Total: 66
Lot Size: 61,299
Living Area: 37,494
Year Built: 1962
Parking: 70
Days on Market: 3
Description: *Mix of 1 and 2-Bedroom Units, * Private Patios, *Individual Water Heaters, *Rental Upside For a New Owner, *Located Along Main Thoroughfare, * $166,667 Per Unit, *No Rent Control

Los Angeles, 330 North PATTON Street

Price: $3,195,000
Units Total: 36
Lot Size: 11,184
Living Area: 27,771
Parking: 48
Days on Market: 471
Description: DEVELOPER ALERT: opportunity to develop 36 Unit apartment bldg on 11.2k SF lot with alley access in South Echo Park, and minutes from DTLA! This project of 6-story bldg will be delivered to buyer with PLANNING APPROVAL ONLY (NO LADBS). Unit mix: (7) 2bd / 2ba, (8) 1bd / 1ba, and (21) studios. Each spacious unit has their own balcony. Property amenities feat controlled access entry, fitness room, 2-level garage and common front deck. Ideally located in the heart of Echo Park / Silver Lake area w / convenient access to 101 and 110 freeways and close proximity to retail, shopping, restaurants and just minutes away from Downtown LA and the Dodger Stadium. Don’t let this rare opportunity go by! Buyers to verify all info and rely on their own investigation. Marketing package available upon request. THIS IS A LAND DEVEOLOPMENT SALE ONLY

Helendale, 27160 Vista Road

Price: $2,495,000
Units Total: 23
Lot Size: 41,338
Living Area: 24,268
Year Built: 2007
Parking: 46
Days on Market: 280
Description: This is a 40 unit property in transition from a Time Share project to apartment or multi condo unit rental. For all intents and purposes 23 of the 40 units are newly conceived as apartments and the units are just now in the process of being offered for long term rentals. Recently, the Timeshare management company was tasked to start renting 18 of the 23 units under long term rental agreements. The remaining 17 unit Timeshare project and its management company are not currently offered for sale. The information provided by the seller herein contains the prorated expenses along with the current and projected rent rolls for 23 the units being offered for sale. The owner will carry with a 1/3 down payment in cash or acceptable tradable equity. The buyer’s cash down payment is the only qualification for the seller carry back first trust deed at 6% interest only, with monthly payments of $8,316.67 all due and payable at 72 months. Financing may be extended through negotiation ?at end of term?. The 23 units offered herein are located in a private resort know as Silver Lakes, which offers a Vacation where you Live’ lifestyle, consisting of two lakes totaling 277 acres for boating, fishing, swimming, a 27 hole championship golf course, RV Park, Equestrian Center and a 20,000 square foot Clubhouse with tennis courts pool, gym, library, meeting and event halls, all of which are available to your tenants. Current CAP is 9.18%, Pro Forma CAP is 9.95%

Harbor City, 1604 253rd Street

Price: $609,000
Units Total: 2
Lot Size: 5,875
Living Area: 2,050
Year Built: 1949
Parking: 45
Days on Market: 134
Description: Pride of ownership, well taken care of Duplex on a corner lot with grassy front yard. EXCELLENT owner occupy 3bdrm / 3bath 1489sq. Ft. (Rent control unit tenant will be OUT BY 9/13. This unit has a very large kitchen with granite counter tops and stove looking out to a dining area. Wonderful entertaining area and lots of space for any chef. Covered carport area and nice back patio to hang out and BBQ along with your own enclosed area for laundry. 2nd unit is a spacious adorable 1bdrm / 1bath with a balcony off the living room. Features its own kitchen with ample storage. Nice size bathroom with tub / shower. This unit also has its own laundry area along with additional storage space. NOT UNDER RENT CONTROL. Exterior was recently painted and rain gutters put up. Roomy front driveway with parking for both units along with a long driveway for RV or toys. 3Bdrm | 3Bath unit 1489sq. Ft. (Rent Control) Tenants have voluntarily relocated. (3rd bdrm could add closet.) 1Bdrm | 1Bath unit 627sq. Ft. Built 1989 Rents $875.00 is under rent. No Rent Control

10791 Palma Vista Avenue

Price: $5,600,000
Units Total: 32
Lot Size: 38,333
Living Area: 20,098
Year Built: 1961
Parking: 44
Days on Market: 102
Description: Palma Vista Portfolio is a 32-unit multifamily investment property located on Palma Vista Avenue in the city of Garden Grove, California. Situated on four parcels totaling 0.88-acres, the portfolio consists of four, 8-unit apartment properties with 100 percent one-bedroom floor plans.

Inglewood, 919 South Prairie Avenue

Price: $8,495,000
Units Total: 50
Lot Size: 30,827
Living Area: 22,861
Year Built: 1959
Parking: 44
Days on Market: 29
Description: The subject property is a 50-unit apartment building across the street from the City of Champions NEW NFL Stadium which will be known as L. A. Stadium and Entertainment District at Hollywood Park. In accordance with the current zoning, FAR and City Planning of Inglewood, the potential upside would be to re-develop a 6-story mixed-use hotel with residential units.

Long Beach, 5401 East Anaheim Road

Price: $7,750,000
Units Total: 22
Lot Size: 16,708
Living Area: 21,724
Year Built: 1987
Parking: 42
Days on Market: 3
Description: Outstanding location in the Park Estates! This 22 unit 2-story apartment was built in 1987. Each unit is 2 Bedroom 2 Bath with their own private patio / balcony. Assigned subterranean parking with 20 of the units having 2 parking spaces. Second story units have vaulted ceilings in the living room and in the bedrooms. Walking distance to California State University Long Beach and Circle Area shopping centers. Tremendous upside in rents based upon the current and market rates.

Santa Ana, 331 East Chestnut Drive

Price: $5,390,000
Units Total: 22
Lot Size: 19,713
Living Area: 13,742
Year Built: 1986
Parking: 36
Days on Market: 36
Description: City of Santa Ana. Built in Year 1985. Gated Community for 22 Units in Four Connected buildings, 22 units with Gated 34 Parking Spaces. The Property is Located in High Rental Demand and High Employment Area of Santa Ana. No Rent Control. Each Unit Has It’s Own Water Heater. The 14 Units are One Bedroom with One Bath (Current Monthly Rent $1,075, Market Rent $1,275). Another 8 Units are Two Bedrooms with TWO Baths (Current Monthly Rent $1,400, Market Rent $1,675). Total Monthly Gross Rent is $26,155. (Annual Pro Forma Gross Rent #370,800) Annual Gross Income is $313,860 Plus Annual Laundry Income $5,100, Annual Expense Approx. $78,889, Annual Net Income $240,070. Near BY Main St and Chestnut Dr. Walking Distance to Downtown Santa Ana, Freeway 5, McDonald’s, Shopping Center and Bus Stations.

5716 Whitsett Avenue

Price: $6,695,000
Units Total: 16
Lot Size: 14,662
Living Area: 19,520
Year Built: 2003
Parking: 33
Days on Market: 7
Description: Whitsett Apartments is a 16-unit non rent-controlled complex in Valley Village, CA. Set on a 14,662 square foot lot, the 19.520 square foot property offers two and three bedroom townhomes. Built in 2003, the property offers significant rental upside and an excellent location.

Big Bear, 563 Lynn Road

Price: $1,600,000
Units Total: 33
Lot Size: 25,300
Living Area: 14,904
Year Built: 1967
Parking: 33
Days on Market: 4
Description: Conveniently located right next to the Bowling Barn and Funplex on Lynn Rd. This is the second part of Knights Inn business. It has 33 interior corridor motel rooms. The location is within walking distance to the fine dining and cinemas in the Big Bear Lake Village. There is an unused indoor swimming pool. The business is composed of two separate buildings. There is another 33-room main building across a street on Big Bear Blvd under a different listing. In addition, there are three immediately adjacent empty lots for further development under yet another land listing. They could all be purchased together. This listing price is without the Knights Inn business franchise.

Rialto, 1004 South Riverside Avenue

Price: $3,242,000
Units Total: 15
Lot Size: 39,370
Living Area: 17,325
Year Built: 2005
Parking: 32
Days on Market: 291
Description: 15 Luxury Townhome Style Units. Built in 2005. All 3 Bedrooms 2.5 baths. Units gated community is conveniently located within walking distance to the Walmart shopping center and restaurants (McDonald, Burger King) on Riverside Ave in Rialto. Easy access to 10 freeway. Total building square feet = 17,325; Lot size = 39,270 sq. Ft.; Each unit is approx 1,150 sq. Ft. With laundry hookup, 1 car garage, 1 parking space, and side garden. 2 guest parking in common area. Easy to manage newer units with low expenses. Current income = $243,000. Current operating expense = $52,471. Actual Cap = 5.9% Market rent is $261,000 Potential market cap rate = 6.43% Assumable financing available at 3.15%!

Harbor City, 1415 Anaheim Street

Price: $2,799,000
Units Total: 29
Lot Size: 19,078
Living Area: 30,000
Year Built: 2017
Parking: 27
Days on Market: 332

Needles, 625 West Broadway Street

Price: $459,900
Units Total: 25
Lot Size: 15,000
Living Area: 9,760
Year Built: 1951
Parking: 26
Days on Market: 22
Description: Well maintained apartment building. Ideal for a owner -investor. This 25 unit complex represents an excellent opportunity for an investor to acquire a unique, stable property with substantial upside in rents and laundry income. Most of the units are upgraded with Ceramic tiles and new paint. Upgraded plumbing and electrical systems. The building currently has copper plumbing and copper wiring. New toilets have been installed. In addition, the parking lot has been resurfaced and there are new concrete decks, new signage, and new TV cable hookups. Each apartment is a fully furnished efficiency unit that includes linens and a microwave oven. The current owner has taken great pride in providing a clean, well-maintained property. Needles is one of the oldest cities in San Bernardino County. Founded in 1883 with the coming of the railroad, and incorporated October 30,1913 as a California Charter City. Located in the very heart of the lower Colorado River recreation area just across the bridge from Arizona and by the tip of Nevada. Needles is the gateway to the Golden State. Needles is rich with history. The Mojave Indians lived in the valley long before settlers arrived, and descendants of the Mojave Indians still reside in the area. EXCLUSIONS:

7581 Warner Ave Avenue

Price: $5,200,000
Units Total: 11
Lot Size: 16,117
Living Area: 13,305
Year Built: 1988
Parking: 24
Days on Market: 22
Description: “ CALL FOR OFFERS, SELLER ENCOURAGES ALL OFFERS TO BE SUBMITTED BY 5 PM PST, WEDNESDAY SEPTEMBER 20,2017” Built in 1988, Huntington Beach Terrace Apartments is a Class A. Consisting of 11 very spacious two and three bedroom apartments, 10 of which have been recently renovated. Completed between 2016 and 2017, each unit now boasts new interior paint, window awnings, granite counter tops, stainless steel appliances (dishwasher / refrigerator / sink / stove top / oven / micro-wave), cabinets / hardware, kitchen fixtures, faux wood flooring, ceiling fans, electrical outlets, bathroom vanity cabinets, toilets, flooring, showers, lights, mirrored closets, interior doors, etc. Additionally, each unit enjoys a newly renovated balcony or patio, renovated on-site laundry on each of the 3 levels, private enclosed parking garage (16 total), and ample guest surface parking (8 open spots). Standard to each apartment is metered gas and electric, central air conditioning / heat, and individual water heater. Water, trash, and sewer is billed back through a RUBS program. Displaying new exterior paint, monument signage, landscaping, and full video surveillance, this multi-family investment offering is strongly positioned for a quick sale in what is considered to be a solid beach city rental market. PLEASE CALL AGENT FOR COMPLETE MARKETING PACKAGE

Whittier, 13112 Hadley Street

Price: $5,280,000
Units Total: 22
Lot Size: 15,178
Living Area: 17,127
Year Built: 1992
Parking: 24
Days on Market: 36
Description: Well maintained quiet neighborhood in the City of Whittier. “Bright and Hadley Building”. Built in 1991. Total 22 units mix building. Non-Rent Control. Inside total 17,127 sq. Ft on the lot size of 15,178 sq.ft. Downstairs has 12 units of Professional Offices. Upstairs has 10 units of Residential Apartments. Each unit has its own Central AC / Heating System and Water heater, new Dual Panel Windows, Crown Ceiling Molding, Wood Flooring. Upstairs are 10 Residential Units, 4 have 2 bedrooms / 2 baths, plus 4 units with 2 bedrooms and 1.5 bathrooms. 1 unit has 2 bedrooms and 1 bath and 1 unit has 1 bedroom and 1 bath. Total gross yearly rent approx. $333,271. The yearly expenses approx. $92,213. Annual yearly net profit is approx. $241,057. Upstairs has Laundry Room for Residential Tenant use. It is an excellent Investment Building for Long Term and Short Term Investors which allows the new Investor a great opportunity to increase the rents. An underground Gated Parking Lot. Nearby Whittier City College, Whittier City Hall, Post Office, Library and Whittier Old Town.

Van Nuys, 6830 Woodley Avenue

Price: $2,850,000
Units Total: 19
Lot Size: 16,058
Living Area: 12,852
Year Built: 1961
Parking: 23
Days on Market: 164
Description: Mayelian Group is proud to present 6830 Woodley Ave. In Van Nuys, a 19 unit building aggressively priced at 12.92 GRM based on actual income and $150,000 price per unit at 5.2% CAP. The subject consists of (5) 2 bedroom / 1 bathroom, (12) 1 bedroom / 1 bathroom, and (2) singles / 1 bathroom. The Woodley Avenue apartments offer investors assumable financing with low interest rate. Terms of the assumable loan are current balance of approximately $1,240,000 with rate of 3.75% fixed until November 2022. The property offers investors upside in rents with rents being approximately 17-20% below current market. Subject is an all-electric building with electric cook tops and electric individual water heaters in each unit. The building features copper plumbing and gated security entrance. The property is 12,852 square foot, built in 1961 and set on a 16,058 sq. Ft. (per assessor) lot. Woodley Avenue Apartments is desirably located along Woodley between Haskell Avenue to the east and Hayvenhurst Avenue to the west, south of Sherman Way and north of Vanowen Street. The property is located approximately 1 mile from the Van Nuys Airport and the 405 freeway, less than a 10 minute walk to the Van Nuys Golf Course, less than 2 mile drive to the Sepulveda Basin Sport Complex. Offering Memorandum and Rent Roll is attached under supplements.

Lake Elsinore, 32986 Blackwell

Price: $1,995,000
Units Total: 23
Lot Size: 18,476
Living Area: 8,274
Year Built: 1960
Parking: 23
Days on Market: 70
Description: Current CAP rate at 5.49% and ProForma CAP at 6.22% with a current NOI of $109,454! Very well priced at under $87,000 per unit. This is a great opportunity to own two well maintained and professionally managed multifamily apartment buildings with a total of 23 units within walking distance of the lake and a park. This is a package deal consisting of 2 separate properties with 2 APN’ s sold together. The 17586 Grand Building has an onsite laundry room with owned machines that both buildings share for additional income. The Grand Apartments consist of 9 units with 8 studios and a single 3 bed / 1 bath home. The 32986 Blackwell Apartments located across the street from the Grand Apartments consist of 14 studio units with tile floors and custom paint interiors making for very low turnover costs. Lake Elsinore is perfectly situated for commuters between Orange County, San Diego and the Inland Empire. Please see the drone footage link in the MLS for a detailed aerial view. Also see all the attached financial supplements (actual cash flows and rent rolls).

Yucaipa, 12817 Bryant Street

Price: $485,000
Units Total: 2
Lot Size: 49,868
Living Area: 2,840
Year Built: 1950
Parking: 22
Days on Market: 311
Description: Two separate houses on one large lot. FRONT HOUSE is 3 bedrooms, Office, 2 baths, Dining room, Family room with fireplace. REAR HOUSE: is 3 bedrooms 2 bath mobile home on foundation. A two car garage is the 3rd separate bldg. Very attractive property with long circle drive way in front. Homes sit far back of the street.

1717 Wilderness Drive

Price: $1,165,000
Units Total: 1
Lot Size: 87,120
Living Area: 3,300
Year Built: 2011
Parking: 22
Days on Market: 157
Description: This is a licensed rental property that comes with a 6 year history of profitable business contacts that are included. Located between Lake Arrowhead and Big Bear, it was built in 2011 and sits on 2 acres of land next to the national forest. One acre has an undeveloped portion of the potential of a future building site. There are many amenities located on the property. A list of amenities includes a rock climbing and rappelling wall, a zip-line, archery / rifle range, fishing and boating pond, Tipi, propane and charcoal bbq units, fire pits, a multi-use volleyball, basketball, soccer field, outdoor chess, snowboard and toboggan runs, small and large group gathering areas and more. This is a must see property that has too many amenities and features to list. Contact agent for more details

Buena Park, 6596 Indiana Street

Price: $2,795,000
Units Total: 11
Lot Size: 65,340
Living Area: 9,636
Year Built: 1979
Parking: 22
Days on Market: 148
Description: 11 Units – 7 Two Bedroom, One Bath and 4 One Bedroom, One Bath units. Month to month rental agreements. Separately metered for gas and electric. Nicely landscaped. Each unit has a one car garage and one off-street parking space. All units have interior laundry hook ups, plus common area laundry room on month to month agreement with Wash for additional income. Downstairs units have a patio area with concrete pad and updated fencing. Upstairs units have high beam ceilings in the living area, fireplace and lots of light. Swimming pool on property is currently capped, but can be re-done for added amenity. Ideal value add opportunity for experienced owner who can make a few improvements and bring the rents up to market.

2270 North Beachwood Drive

Price: $10,000,000
Units Total: 21
Lot Size: 21,780
Living Area: 17,380
Year Built: 1928
Parking: 21
Days on Market: 8
Description: Villa Monterey Apartments is a 21-unit multifamily community located in Hollywood, CA. Originally built in 1928, Villa Monterey represents an opportunity to acquire a mid-size multifamily asset in one of the most sought after submarkets in Los Angeles County. Situated on one 0.50 acre parcel, the property features 21 units including (1) studio measuring approximately 600 sq.ft, (17) one-bedroom / one-bathroom units averaging approximately 800 sq.ft, and (3) two-bedroom / one-bathroom units averaging approximately 1,060 sq.ft. The property also includes gated vehicle and pedestrian access, covered parking, a charming central courtyard with a stone fireplace and fish pond, and on-site laundry.

Los Angeles, 984 Elden Avenue

Price: $2,500,000
Units Total: 4
Lot Size: 9,262
Living Area: 4,501
Year Built: 1907
Parking: 20
Days on Market: 428
Description: Great opportunity to own and invest. This home is strategically located near Olympic and Vermont in Koreatown. This home boasts 4,501 s / f of living space with a lot size of 9,262. The current zoning is R4. There is tremendous Plottage value of joining adjacent parcels to erect a higher value added structure.