Residential Income, California | Page 1 -001-11-30T00:00:00-08:00
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San Bernardino, 395 West 24th Street

Price: $625,000
Units Total: 2
Lot Size: 7,500
Living Area: 7,500
Year Built: 1938
Parking: 392
Days on Market: 26
Description: This property is two houses on a lot leased to a board and care both houses. The main house is 2286 sg. Ft. Has a basement finished it is a 6 bedroom 1 Full bath and @ 3/4 baths 2 car garage sg. Ft. Is 392 has 2 fireplaces owner is a license Broker will sell as aitd great income must call listing agent for more info must sale moving out of state DRIVE BY ONLY TENANT DOESN’T KNOW IT IS FOR SALE. House 2 has 3 bedrooms and one Bath, tenant changed the dinning room into a bedroom and closed off Kitchen. Owner only pays for gardner and insurance for building all other cost tenant pays all repairs if needed no cost to you these is a money maker owner is a Broker

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: 157
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.

La Crescenta, 3030 Montrose Avenue

Price: $15,600,000
Units Total: 38
Lot Size: 47,323
Living Area: 28,636
Year Built: 1973
Parking: 83
Days on Market: 12
Description: MONTROSE VILLA – 3030 Montrose Avenue is a 38-unit luxury apartment community in the highly desirable city of La Crescenta, California. This offering presents a rare opportunity for investors to acquire a very well located, non-rent-controlled, upgraded apartment community with an approved condo tract map in one of the strongest submarkets in the Los Angeles County. The property is a two-story, above parking, beautifully landscaped garden style apartment that was built in 1973 and has undergone extensive renovation in the past years. It is comprised of three buildings with a center courtyard, fenced swimming pool, jacuzzi, and situated on a large ±47,323 sq.ft (±1.09 acre) lot size. The property has a quiet ambiance and surrounded by single-family houses, condominiums and other area amenities such as churches and retail stores. It offers an excellent unit mix of two (2) x 3 bedroom + 2 bathroom, twenty (20) x 2 bedroom + 1 bathroom, and sixteen (16) x 1 bedroom + 1 bathroom units. Each unit is large and bright with an attractive layout. The 3-bedroom unit has an estimated size of ±1,050 sq.ft, 2-bedroom unit has an estimated size of ±800 sq.ft, and the 1-bedroom unit has an estimated size of ±650 sq.ft. Upgraded units have laminate wood flooring, upgraded kitchen with quartz / granite countertops and new kitchen cabinets, stainless steel appliances, completely redone bathroom with new vanity, new A / C units, ceiling fans, mirrored closet doors, and double pane windows.

Westminster, 7661 Baylor Drive

Price: $13,350,000
Units Total: 54
Lot Size: 65,776
Living Area: 44,487
Year Built: 1963
Parking: 80
Days on Market: 2
Description: Beach West Apartments is a 54-unit multifamily investment property centrally located in the city of Westminster, California. The property enjoys easy access to the local freeways, is close to major employers, parks, the beach, and a number of small and large retail centers. Situated on a 1.51-acre lot, the 44,487 square foot property consists of one-bedroom and two-bedroom floor plans. Built in 1963, the property offers amenities including on-site laundry and ample parking spaces.

Cudahy, 5250 Elizabeth Street

Price: $6,500,000
Units Total: 26
Lot Size: 40,871
Living Area: 18,868
Year Built: 1925
Parking: 57
Days on Market: 19
Description: An multifamily investment opportunity of this size, potential, and quality is rare in today’s Los Angeles market. The property consists of 5 buildings totaling 18,868 rentable square feet on a very large 40,870 square foot lot. The property has an ideal unit mix of 24 Two Bed / One Baths and 2 Four Bed / Two Bath free standing units. Every unit is individually metered for gas and electricity and has ample parking for all tenants. There are a total of 57 available parking spaces. In addition, twelve of the units have their own water heaters and have individual, enclosed patios. The four bedroom units have their own private parking lot and enclosed patios as well. There are also community laundry facilities available for tenants. The property is NOT subject to rent control, and has potential upside in rents of up to 23%! A majority of the units have been significantly rehabbed. This rehab includes: tile and / or vinyl plank flooring, new paint, new granite counter tops and kitchen cabinetry, ceiling fans, new bathroom vanities, tile shower enclosures and other attractive finishes throughout!

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: 86
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.

1520 North El Camino Real

Price: $12,950,000
Units Total: 22
Lot Size: 20,489
Living Area: 28,311
Year Built: 2010
Parking: 42
Days on Market: 8
Description: Venetian Villas – Located in one of the premier beach cities in Orange County, 1520 N. El Camino Real (Coast Hwy) is an extremely rare investment opportunity to own 22 condo mapped residential mixed-use units in the heart North Beach San Clemente. Built in 2010, this Montecito / Ole Hanson inspired designed building, features sixteen (16) spacious 2 bedroom 2 ½ bathroom villas and six (6) ground floor commercial suites. Each residential villa is well-appointed with gourmet kitchens, spa-inspired baths, resort-style bedrooms, in-unit laundry, private patios with mountain, city and ocean views. Relax and enjoy the rooftop lounge / observation deck with panoramic Pacific Ocean and Sunsets views. Elevator service whisks you to / from secured / gated parking structure to each / all floors. A short stroll to the beach, walking trails, dining, Metro Transit Station and ample shopping at the recently completed Outlets, the high Walk Score location (73) presents a uniquely rare opportunity to own a high-quality asset, capitalize on below market rents / built-in intrinsic value, and benefit from the high demand for Orange County Lifestyle Living on the coast.

Santa Ana, 331 East Chestnut Drive

Price: $5,050,000
Units Total: 22
Lot Size: 19,713
Living Area: 13,742
Year Built: 1986
Parking: 36
Days on Market: 93
Description: Three buildings, 22 units. Three buildings, 22 units. Three buildings, 22 units. Three buildings, 22 units. Three buildings, 22 units. Three buildings, 22 units. Three buildings, 22 units. Three buildings, 22 units. Three buildings, 22 units. The Property is Located in High Rental Demand and High Employment Area of Santa Ana. Built In 1985. Total of 4 Buildings for 22 Units and 34 Parking Spaces. Each Unit Has It’s Own Water Heater. There are 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 $26,275. Annual Gross Income is $315,300 Plus Annual Laundry Income $5,100, Annual Expense Approx. $79,000, Annual Net Income $241,400. No Rent Control. Annual Gross Pro Forma Rent Approx. $370,800. Near BY Main St and Chestnut Dr. Walking Distance to Downtown of Santa Ana, Freeway 5, McDonald, Shopping Center and Bus Stations. Near BY Main St and Chestnut Dr. Walking Distance to Downtown of Santa Ana, Freeway 5, McDonald, Shopping Center and Bus Stations. Near BY Main St and Chestnut Dr. Walking Distance to Downtown Near BY Main St and Chestnut Dr. Walking Distance to Downtown of Santa Ana, Freeway 5, McDonald, Shopping Center and Bus Stations.

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: 61
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.

North Hollywood, 11311 Huston

Price: $3,295,000
Units Total: 7
Lot Size: 7,101
Living Area: 7,352
Year Built: 1987
Parking: 28
Days on Market: 4
Description: 11311 Huston street is a beautiful, well maintained 7 unit building on a lovely residential street close to freeways and parks. This coveted building has been managed and maintained and is fully leased up. The owner owns the laundry facility on site and each unit comes with two below grade parking spaces. All 7 units are 2 bedroom and 2 bath. Most units have upgraded wood floors, cabinetry and tile floors in kitchen and baths. Upper units have a loft space. This is a wonderful opportunity to own non rent controlled building in NOHO.

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: 79
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:

Alhambra, 1517 Acacia Street

Price: $4,800,000
Units Total: 14
Lot Size: 17,287
Living Area: 12,330
Year Built: 1974
Parking: 26
Days on Market: 26
Description: We are pleased to offer this highly desirable and well-maintained investment opportunity located at 1517 Acacia Street in Alhambra, California. This is a rare opportunity for an investor to own an exceptional piece of real estate in one of the healthiest and most attractive rental market in theSan Gabriel Valley. Built in 1974, the property has an excellent mix of various types of units consisting of six two-bedroom / 1.5-bathroom townhomes, three two-bedroom / 1-bathroom, one two-bedroom / two-bathroom unit with den, and four one-bedroom / one bathroom units. There is central A / C in all six townhomes. In addition, the property has done some renovation on selected units. There is an onsite laundry room for additional income and carport parking is available. Each unit is individually metered for gas and electricity. Potential upside on rent is over 25 percent. Along with its prime location and convenient access to the Alhambra Hospital, the property is also within close proximity to Downtown Alhambra’s Main Street, the most revitalizing and coveted part of the city, where a lot of restaurants and entertainment venues are located, including Target and Costco that is within minutes of the subject property.

La Puente, 14662 Valley Boulevard

Price: $1,750,000
Units Total: 8
Lot Size: 23,460
Living Area: 6,002
Year Built: 1963
Parking: 25
Days on Market: 21
Description: Property consists of 2 parcels with 4 units on each! GREAT INVESTMENT oppurtunity here with plenty of room to increase rent! Entire Property was just freshly painted on the exterior. All units leased and are long term tenants. Why leave your money in the bank when you can have 10,000 + + a month in your pocket?? Hurry this RARE 8 unit property will not last!

1838 East Badillo Street

Price: $4,600,000
Units Total: 20
Lot Size: 26,540
Living Area: 15,050
Year Built: 1961
Parking: 25
Days on Market: 44
Description: 1838 East Badillo Street is a + / -15,050 sq.ft multi-family property ideally located in West Covina, in Los Angeles County. Built in 1961, the two-level twenty (20) unit property features (9) x 2 bedroom / 1 bath apartments and (11) x 1 bedroom / 1 bath apartments on approximately + / -26,737 sq.ft parcel of land. Each unit comes with wall A / Cs, wall heater, stove and ceiling fans. The property has undergone major renovation which makes it easy to operate due to no known deferred maintenance. 25 parking spaces are available in the rear of the property, with 20 carport spaces and 5 open spaces. Additional street parking is also available. Subject property is ideally located just minutes north of the 10 Freeway, via Azusa Avenue, a major thoroughfare through the city. The subject property is within minutes to many amenities such as parks, schools, library, shopping centers, and public transportation.

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: 79
Description: A VALUE ADD PROPERTY WITH UPSIDE IN RENTS! 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

Los Angeles, 11703 Berendo Avenue

Price: $3,900,000
Units Total: 18
Lot Size: 12,681
Living Area: 12,240
Year Built: 1960
Parking: 24
Days on Market: 22
Description: This beautifully upgraded 18 units for sale are NO RENT CONTROLLED UNITS IN UNINCORPORATED AREA OF LOS ANGELES. Monthly Gross Rent $20,950.

Whittier, 13112 Hadley Street

Price: $4,988,000
Units Total: 22
Lot Size: 15,178
Living Area: 17,127
Year Built: 1992
Parking: 24
Days on Market: 93
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.

Santa Ana, 926 Highland Street

Price: $3,025,000
Units Total: 14
Lot Size: 14,942
Living Area: 0
Year Built: 1987
Parking: 24
Days on Market: 24
Description: *Built in 1987, *13.55 GRM and 4.7% CAP on Current Rents with Upside, *Across from Elementary School and near Boys and Girls Club, *Patios / Balconies, Laundry and A / C, *Individual Water Heaters

Apple Valley, 20305 Carlisle Road

Price: $1,099,000
Units Total: 11
Lot Size: 39,372
Living Area: 7,339
Year Built: 1959
Parking: 23
Days on Market: 47
Description: INVESTORS THIS IS A HIGH 6.72% CAP RATE! LONG TERM TENANTS! NO RENT CONTROL! TEN 654 sq.ft APARTMENTS: ALL 1/1 B W / LARGE KITCHEN and ROOMY LIVING ROOM, LOCATED IN A ONE-STORY U-SHAPED BUILDING WITH COMMON COURT YARD. PROPERTY HAS FENCING ON 3 SIDES. ADDITIONAL 800 sq.ft 1/1B HOUSE IN THE BACK W / BUILT IN DESK, ISLAND TABLE, LOTS OF CABINETS PLUS 1 CAR GARAGE (W / OPENER) AND A SMALL BACK PATIO! QUIET PROPERTY IS LOCATED AMONG LARGE BRAND NEW SINGLE HOMES, CLOSE TO ALL MAJOR SHOPPINGS, EATERIES and SCHOOLS AND IS EASILY ACCESSIBLE FROM THE I-15 and 395 HWY. INCOME CAN BE INCREASED WITH NEW OWNERSHIP BY RECONVERTING CURRENT STORAGE ROOM TO LAUNDRY ROOM (GAS PIPES CURRENTLY SEALED) AND RAISING RENTS. SO MUCH PARKING WITH 11 CONVENIENT PARKING SPOTS EACH ONE BEING ASSIGNED TO A UNIT. PLUS AN EXTRA 12 SPACES! ALL NEWER SWAMP COOLERS IN UNITS AND 3 OF THE UNITS HAVE NEWER WATER HEATERS (ALL 11 ARE UNDER LOCKED ENCLOSURES). EASY TO RENT UNITS HAVE 3 BUILT-IN FURNITURES (APPEALING TO TENANTS). 1 UNIT RENOVATED (SEE PICS), 3 UNITS HAVE THE RENOVATIONS STARTED. NEWER ELECTRIC, GAS, WATER PIPES AND VERIZON LINES OVER THE LAST FEW YEARS INCLUDING FIOS READY! TRASH DUMPSTER ENCLOSURE WITH DOORS ON SITE. INVESTORS THIS IS A GREAT OPPORTUNITY! PLEASE DO NOT DISTURB TENANTS, DISCREET DRIVE BY ONLY! THANK YOU.

Lawndale, 4539 West 159th Street

Price: $3,499,000
Units Total: 10
Lot Size: 9,444
Living Area: 8,772
Year Built: 1987
Parking: 22
Days on Market: 4
Description: 10 LARGE units and 30 years newer than the typical South Bay apartment asset. The subject property has a secured, glass entry and on-grade parking structure with 20 striped spaces – and 2 additional spots for the dumpster and vent piping. The unit mix of all 2 bedrooms 1 baths and 3 bedrooms 1.75 baths lends itself to tenant-stability. 4 units rehabbed and copper plumbing, too. The building is well-located (10 minute drive to Manhattan Beach Pier) and extremely well-run by the local, hands-on owner. No rent control, no annual code enforcement, no mandatory seismic / soft-story retrofit work. An ideal “buy-and-hold”.

Lake Elsinore, 32986 Blackwell

Price: $1,995,000
Units Total: 22
Lot Size: 18,476
Living Area: 8,125
Year Built: 1960
Parking: 22
Days on Market: 127
Description: Current CAP rate at 5.04% and ProForma CAP at 6.07% with a current NOI of $100,496! Very well priced at $90,681 per unit. This is a great opportunity to own two well maintained and professionally managed multifamily apartment buildings with a total of 22 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 8 units with 7 studios and a single 3 bed / 2 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. Also see all the attached financial supplements (actual cash flows and rent rolls).

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: 205
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.

Hawthorne, 13219 Doty Avenue

Price: $2,999,000
Units Total: 10
Lot Size: 11,020
Living Area: 9,268
Year Built: 1990
Parking: 22
Days on Market: 61
Description: 10 UNITS: RARE TO FIND BUILDING. BUILT IN 1990. THE BUILDING CAN BE CONVERTED INTO CONDOMINIUMS (PLEASE CONTACT THE CITY OF HAWTHORNE). THERE ARE EIGHT (8) TWO BEDROOMS, TWO BATHROOMS AND TWO TWO STORY TOWNHOUSE STYLE TWO BEDROOMS TWO AND HALF BATHROOMS. EACH UNIT HAS ITS OWN WATER HEATER, GAS METER AND ELECTRIC METER. THERE ARE 22 SUBTERRANEAN GARAGES. BUILDING HAS 9,268 sq.ft AND A LOT SIZE OF 11,020. THIS TEN (10) UNITS APARTMENT BUILDING COMPLEX IS LOCATED AT 3.5 MILES OF THE NEW HOLLYWOOD PARK NEIGHBORHOOD DEVELOPMENT, FORUM AND NFL STADIUM IN THE CITY OF INGLEWOOD.

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: 65
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.