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

Price: $560,000
Units Total: 2
Lot Size: 7,500
Living Area: 3,100
Year Built: 1938
Parking: 392
Days on Market: 148
Description: This property is two houses on a lot. 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 2 bedrooms and one Bath separate dinning room and separate laundry room. Owner pays for gardner and insurance and water for houses these is a money maker owner is a Broker

Los Angeles, 957 South Broadway

Price: $18,000,000
Units Total: 163
Lot Size: 20,663
Living Area: 184,705
Year Built: 2017
Parking: 221
Days on Market: 289
Description: The Broadway is a high-rise mixed use development situated on the northwest corner of Broadway and Olympic Boulevard in the hip Historic Core, one of the most exclusive districts in Downtown Los Angeles. The 20,663 sq. Ft. Lot is fully entitled for the construction of a 166 ft., 15 story residential condominium building offering 163 condominium units and a rooftop pool and gym. Approved project plans feature: – Four (4) level subterranean parking garage offering 221 car parking spaces and 202 bicycle spaces – 50 sq. Ft. Balconies on most units in the complex – 4,920 sq. Ft. Of street level retail space – Neighborhood destinations are: The Ace Hotel @ 929 S. Broadway United Artists / The Theatre at Ace Hotel @ 933 S. Broadway Umami Burger Broadway @ 852 S. Broadway Orpheum Theatre @ 842 S. Broadway Zinque Restaurant @ 939 S. Broadway (opening early 2018) Staples Center, LA Live, LA Convention Center, Whole Foods, The Bloc, Grand Hope Park, Pershing Square and the LA Fashion District all within 1 mile radius. Unit Breakdown: 1 Bedroom: 119 units 2 bedroom: 44 units Planning Data: APN: 5139003007,5139003008,5139003009 Zoning: [Q] C2-4D-CDO Interest Offered: Fee Simple Floor Area Ratio: 8.9: 1 (184,705 sq. Ft.) Maximum Floor Area Ratio: 13: 1 (268,619 sq. Ft.)

Fontana, 6017 MiraVista Lane

Price: $585,000
Units Total: 1
Lot Size: 5,738
Living Area: 3,678
Year Built: 2004
Parking: 160
Days on Market: 33
Description: Beautiful Golf Course view home with many upgrades and improvements and sufficient room to expand your home. Come see this beauty which sits in Sierralake community with golf view. Carpet floors in most of the house. Separate laundry room, built in appliances included, ceramic tile on kitchen floor. Living room, dining room, and kitchen has an open living area.

1520 North El Camino Real

Price: $12,950,000
Units Total: 22
Lot Size: 20,489
Living Area: 28,311
Year Built: 2010
Parking: 58
Days on Market: 17
Description: Venetian Villas – Located in a premier beach city 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 North Beach San Clemente. Built in 2010, this Ole Hanson / Spanish design inspired 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.

47800 National Trails

Price: $998,000
Units Total: 4
Lot Size: 269,256
Living Area: 6,804
Year Built: 1968
Parking: 44
Days on Market: 47
Description: Newberry Mountain RV Park and Motel is A Perfect Oasis in the desert located on Historic Route 66 within minutes of historic sites, towns, off road riding and shopping. Offering 18 permitted full RV hook-ups, 4 unpermitted RV Hook-ups, 8-10 Dry Camp Spaces, tent camp sites which could be converted to an additional 8-10 dry camp spaces, and 4 furnished apartments. 1 24 x 60 Manufactured Home serving as Office / Rec building and 1 24 x 44 Manufactured Home that could be used as Manager’s quarters or rented. Propane sales onsite! Easy to maintain automatic watering is in place. Conveniently located off I-40 between Los Angeles and Las Vegas. This is a clean safe park with full amenities that includes a 4-year new sparkling pool, 13 picnic tables, BBQ, two stocked lakes with free fishing, a club room with pool table, Direct TV hook-ups, Wi-Fi available, full hook-ups with 30 amp and 50 amp outlets, pull through sites that can accommodate up to a 45′ RV, telephone, clean restrooms with large showers and full laundry facilities. This park is located adjacent to I-40 and highly visible from the freeway. Newberry Springs is a short drive to Fort Irwin and the Barstow Marine Logistics Base. Burlington Northern-Santa Fe Railways is also a large driver of economic activity in the area. Park is on Commercial grade septic’s and well. 5-year new 5 K gallon holding tank. This is a Tremendous upside for hands on buyer

San Bernardino, 1414 Citrus Street

Price: $3,425,000
Units Total: 36
Lot Size: 48,212
Living Area: 30,898
Year Built: 1963
Parking: 42
Days on Market: 35
Description: RECENT PRICE REDUCTION. Seller is motivated. Actual CAP of 7.28% and a GRM of 8.33. Recent Capital Improvements, Under New Management, Property is 100% Occupied and Stabilized / Non-Rent Control Community and Area. Located 5 Minute from San Manuel Indian Casino and 14 Minutes from CSUSB / Rental Comparables Illustrate a 98% Occupancy Area. Neighborhood Has Experienced A Recent Revitalization / 5% Upside in Potential Rental Income. Per Recent Rental Survey Neighboring Rental Comps Reflect Room For Rental Increases / BBQ / Pool Area, Onsite Laundry, Gated and Covered Parking. The Cedarwood Apartments are situated on a large 1.11 acre lot. This thirty six unit apartment community is composed of all 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.

Azusa, 810 South Citrus Avenue

Price: $5,500,000
Units Total: 22
Lot Size: 27,508
Living Area: 18,084
Year Built: 1987
Parking: 40
Days on Market: 34

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: 182
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.

Fullerton, 1400 Peckham Street

Price: $5,200,000
Units Total: 17
Lot Size: 27,652
Living Area: 17,330
Year Built: 1987
Parking: 32
Days on Market: 19
Description: Mayflower Townhome Apartments is a 17-unit multifamily investment property located in Fullerton, one of the premiere housing markets in Southern California. Situated on a 0.63-acre lot, the 17,330 square foot property consists of one-bedroom and two-bedroom floor plans. Mayflower Townhome Apartments offers an attractive range of amenities including a sparkling swimming pool and spa, patios and balconies, and ample garage parking.

24825 Eucalyptus Avenue

Price: $435,000
Units Total: 2
Lot Size: 23,958
Living Area: 1,801
Year Built: 1949
Parking: 30
Days on Market: 115
Description: DRIVE BY ONLY — Do not disturb tenants! Great opportunity to own 2 income producing properties on a large. 55 Acre lot. Long term tenants

9237 Wakefield Avenue

Price: $7,600,000
Units Total: 12
Lot Size: 31,500
Living Area: 22,200
Year Built: 2017
Parking: 30
Days on Market: 96
Description: BRAND NEW 2017 CONSTRUCTION. Property is comprised of 12 detached SFR homes, each approximately 1,850 sq.ft with 4 bedrooms and 3.5 bathrooms and two-car direct-access garages. Many luxury finishes, including: laminate wood flooring, quartz counters in kitchen and bathrooms, shaker cabinets with soft-close drawers, Grohe plumbing fixtures, glass mosaic tile backsplashes, and stainless steel appliance package. The property is conveniently situated near many retail, dining, and entertainment options. Nearby Sepulveda Recreation Center, Hansen Dam Recreation Center, and Sepulveda Basin Recreation Area offer hundreds of acres of open space, including large grassy areas, playgrounds, sports and swimming facilities, and paths for walking and biking. Central location near the 5,405,210,118, and 170 Freeways as well as Metrolink stations means convenient access throughout The Valley and Greater Los Angeles. The property is in the final stages of construction and CofO is expected by the end of February 2018.

Whittier, 13112 Hadley Street

Price: $4,820,000
Units Total: 22
Lot Size: 15,177
Living Area: 17,127
Year Built: 1992
Parking: 25
Days on Market: 36
Description: Well maintained quiet neighborhood in the City of Whittier. “Bright and Hadley Building”. Built in 1992. 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. Upstairs Apartment from 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 Units are 2 bedrooms / 1.5 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. Currently March 2018, Monthly Gross Rental Income is approx. $28,573 . Projected Year 2018 Annual Gross Rental Income is $342,865 (Base on March 2018 Monthly Total Gross Rental Income $28,573. Total Gross Annual year 2017 Rental Income is $300,115. Total yearly Expense in Year 2017 is $88,967. Projected Annual year 2018 Net Income is approx. $253,897 Which Increase the Cap Rate to 5.2%. 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 for 25 Assigned Parking Spaces. Nearby Whittier City College, Whittier City Hall, Post Office, Library and Whittier Old Town.

Long Beach, 4205 East Anaheim Street

Price: $5,450,000
Units Total: 17
Lot Size: 11,461
Living Area: 16,955
Year Built: 1986
Parking: 25
Days on Market: 10
Description: The Anaheim Street Apartments is comprised of sixteen units consisting of large two bedroom units, plus one non-conforming studio, a jacuzzi and twenty-five subterranean parking spaces. The property presents investors with an exceptional buying opportunity to acquire a value-add property with 35% rental upside. The building is located in the Park Estates / Circle Area submarket and in close proximity to Cal State Long Beach University, Recreation Park 9 Golf Course and walking distance to restaurants, coffee shops, shopping and nightlife venues.

Indio, 83405 Date Avenue

Price: $1,699,000
Units Total: 12
Lot Size: 34,848
Living Area: 34,848
Year Built: 1996
Parking: 24
Days on Market: 28
Description: FULLY RENTED 12 Unit Income Property with all 3 bedroom / 1 bath. 11 units are two story. Across the street from a park. Within driving distance of highway and shopping centers. Built in 1996 and well maintained.

Lawndale, 14517 Larch Avenue

Price: $5,850,000
Units Total: 20
Lot Size: 21,840
Living Area: 17,444
Year Built: 1961
Parking: 24
Days on Market: 50
Description: 14517 Larch Avenue is a beautifully renovated twenty-unit apartment building that is not subject to rent control, and has considerable upside for a new owner. Built in 1961, the property sits on a very large 21,839 square foot lot and has an impressive 17,444 rsf. Each apartment has been upgraded to varying degrees. Depending on the unit, these improvements may include: vinyl plank flooring, stainless steel kitchen appliances, modern kitchen cabinetry / fixtures, granite countertops, new paint schemes, bathroom sinks and tubs, chair railing, crown molding and updated lighting fixtures and ceiling fans. Common areas have also been enhanced with a new stone wall veneer and two beautifully landscaped garden courtyards. Additionally, there are reinforced handrails and newer decking and paint. There are 16 covered parking spaces, 4 enclosed garage spots, and 4 uncovered spaces. The property has on-site laundry facilities. 1 unit is currently being operated as a 3 bed / 2 bath unit. Each unit is individually metered for both gas and electricity, with the building having 22 gas meters and 21 electric meters. There are also two, newer 100-gallon water heaters. Though the property has been upgraded considerably, there is still much potential upside in current rents; many units in Lawndale are asking considerably higher rents. It is very rare to find an asset like this available for purchase in the South Bay and Lawndale.

17682 Cameron Lane

Price: $3,995,000
Units Total: 10
Lot Size: 16,988
Living Area: 8,763
Year Built: 1985
Parking: 23
Days on Market: 37
Description: Huntington Beach Surf City 10 Plex in Booming Area Next to Huge Medical Center where you have a huge rental base looking to walk to work! Walk to everything you need from this property! Huge Backyard that has possibilities to enlarge this 10 plex! Very Good Condiditon with lots of new paint, staircases etc! Rare Huntington Beach property in upcoming area! Lots of parking here!

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: 52
Description: Investor’s Delight. Excellent investment with rare high cap rate of 6.59%. Long term Tenants. No rent control. Ten (10) 654 sq.ft 1Bed / 1 Bath units with large kitchen and roomy living room. All located in a one-story U-shaped building with common court yard. Property has fencing on 3 sides. One (1) 800 sq.ft 1Bed / 1 Bath independent 11th unit in the back with attached one car garage with lots of storage locking cabinets and a work table. Newly remodeled throughout. New floor, paint and bath toilet. Built-in furnitures including full size desk, island table and a walk-in closet. Small private cemented patio in the back. Out of the 11 units, 7 were remodeled 0-2 years, 2 units currently in mid-remodeling. All units are currently rented at below market rates. Income can be increased with new owner by raising rents and reconverting current storage room to laundry room (gas pipes currently sealed). Plenty of parking spaces with 11 assigned spots and an extra 12 spaces. All newer Swamp Coolers in 9 units and 3 of the units have newer Water Heaters. Newer electric, gas, water pipes are in place. All Gas Water Heaters and Electric meters are under locked doors. Verizon internet lines in place including Fios ready. Trash dumpster with enclosure and doors. Located in a quiet area near large brand new single homes. Close to major shopping (Walmart and Target), eateries and schools. Easy access to I-15 and 395 Freeways. Discreet Drive By Only Please. Do not disturbing tenants is a must!

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: 126
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”.

Helendale, 27160 Vista Road

Price: $1,150,000
Units Total: 11
Lot Size: 19,894
Living Area: 9,440
Year Built: 1986
Parking: 22
Days on Market: 25
Description: For Sale – 11 income producing Condo Units that are part of a 40 unit property in transition from a Time Share project to apartment or multi condo unit rental. Located in the High Desert Community of Silver Lakes, offering resort style living at home! Community amenities include 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 for your tenants to enjoy!

Lawndale, 4419 West 162nd Street

Price: $5,580,000
Units Total: 10
Lot Size: 9,611
Living Area: 10,430
Year Built: 1991
Parking: 22
Days on Market: 55
Description: Incredible Location ~ Fully-occupied ~ Not in Rent Controlled area! Amazing opportunity to own this well-maintained 10-unit Apartment building in a highlv visible and central location in the heart of South Bay! Conveniently located near the border of Torrance and Redondo Beach, this well-designed complex was built in 1991 and has been well-managed ever since. With only a 10-mins drive to the beach and 15 mins to LAX, owner has enjoyed extremely low vacancy rates and can easily find new tenants when available. Each unit comprises of approx. 1043 sq.ft, with identical 2-bed / 1.5 bath floorplans. Every individual unit possesses its own laundry hookups, separate electric and gas meters, spacious living room, and various improvements / upgrades over the years. In addition, this Apartment building includes Automatic gated Parking with 22 subterranean parking spaces. Super convenient access to the 405 freeway and Hawthorne Blvd, nearby Southbay Galleria Shopping Mall, El Camino College, and plenty of incredible restaurants, shopping, amenities and much much more! Situated in a great stable neighborhood with strong demand for housing, this incredible opportunity offers nice upside for increased potential rents.

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: 183

21719 Hawaiian Avenue

Price: $1,990,000
Units Total: 6
Lot Size: 39,558
Living Area: 6,140
Year Built: 1957
Parking: 21
Days on Market: 1
Description: This unique property is the size of 4 individual lots. First, most northern lot, has a 2 bed home. 2nd un-developed lot. 3rd lot has a 3 or 4 bedroom / Den, 2 bath home w / oversized 2 car garage. 4th lot has a fourplex consisting of townhouse style 2 bedroom, 1.5 bath apartments and 5 single garages and a 2 car tandem style garage. Inside laundry in the homes and communal laundry facilities for the fourplex.

Long Beach, 440 West 5th Street

Price: $8,500,000
Units Total: 21
Lot Size: 12,942
Living Area: 20,457
Year Built: 1987
Parking: 21
Days on Market: 7
Description: The offering is a four-story, 1987 construction apartment building with gated parking on the ground floor and nine one-bedroom and 12 two-bedroom units on the top three floors*. Recent upgrades include new hardwood-style flooring, new kitchen hardware and new bathroom fixtures. Amenities include fireplaces, in-unit laundry hookups, dishwashers, balconies, bedroom ceiling fans, and secure parking. The property also features a new rooftop deck with amazing views for tenants enjoyment. These amenities make 440 West 5th Street competitive in such a dense rental market, and the property’s good location and desirable unit mix make this offering an excellent opportunity for an investor to add value and capture substantial potential upside in rents. *Title shows 19 units.

North Hills, 9009 Langdon Avenue

Price: $4,100,000
Units Total: 22
Lot Size: 23,398
Living Area: 18,188
Year Built: 1964
Parking: 21
Days on Market: 40
Description: MacroReal Commercial, Inc. Is pleased to present the rare opportunity to acquire a 22-unit multi-family investment in North Hills, California. The property is currently subject to rent control located at 9009 Langdon Avenue in North Hills. This medium-sized multi-family Asset located in a market with solid demographics and unique accessibility to major employment hubs, providing access to a growing number of retail and restaurant amenities. The property is directly across the street from Our Lady of Peace Catholic School at the corner of Langdon Avenue and Nordhoff Street Unit mix consists of 7 one-bedroom / one-bath units, 12 two-bedroom / two-bath units, and 2 three-bedroom / two-bath units. In addition, with a non-conforming studio and laundry room, it brings up additional income for investor. Furthermore, the property also features copper plumbing, newer windows, stacked stone in the entryway and gated access.