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

Price: $590,000
Units Total: 2
Lot Size: 7,500
Living Area: 7,500
Year Built: 1938
Parking: 392
Days on Market: 85
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

Los Angeles, 920 South Hill Street

Price: $20,000,000
Units Total: 239
Lot Size: 22,935
Living Area: 190,903
Year Built: 2017
Parking: 328
Days on Market: 226
Description: The Hill Street Lofts project is located on South Hill Street between 9th St. And Olympic Blvd. In the trendy Historic Core district of Downtown Los Angeles. Currently Joe’s Parking, the site is fully entitled for the ground-up construction of a 340 ft. High-rise mixed use project consisting of 239 condominiums and 5,405 sq. Ft. Of rentable retail space. Amenities include: North and South 7th Floor Amenity decks, pool and roof decks, gym and helipad. All 239 units have 50 sq. Ft. Balconies. 6 level above ground and 1 level subterranean parking garage with 328 parking spaces and 214 bicycle spaces. Parcel situated adjacent to The Ace Hotel, The Stocking Frame, Crossfit 213 and a short walk from the best Downtown LA has to offer. Unit Breakdown: Studio: 15 units 1 bedroom: 112 units 2 bedroom: 108 units 3 bedroom: 4 units Zoning: [Q] R5-4D Lot Area 22,935 Floor Area Ratio 6: 1 (137,610 sq. Ft.) Maximum Floor Area Ratio: 13: 1 (298,155 sq. Ft.)

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: 227
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.)

Yucca Valley, 7301 Apache Trail

Price: $1,750,000
Units Total: 23
Lot Size: 45,746
Living Area: 24,046
Year Built: 1966
Parking: 70
Days on Market: 257
Description: Mixed use 10 commercial retail units and 13 residential units on two parcels, a value added investment opportunity. APN #0586304100000 and APN #0586314030000 “Please also check MLS #AR17102067. Two separate two-story buildings: Building 7301 Apache Trail includes 5 retail spaces on the first floor and 5 apartment units on the second floor. Building 56089 Twentynine Palms Highway includes 5 retail spaces on the first floor and 8 apartment units on the second floor. Great exposure with frontage on Twentynine Palms Highway and monument signage. Long term retail tenants, below market rents, ample parking with 70 parking stalls. Apartment units are separately metered for electricity and gas, 2 water meters. Apartment has on-site laundry. Affordable unit mix of 2 bedroom, 1 bedroom, and studio apartments.

Torrance, 3929 West 242nd Street

Price: $15,000,000
Units Total: 48
Lot Size: 44,793
Living Area: 36,096
Year Built: 1961
Parking: 48
Description: The Palms is a 48 unit apartment complex located just two blocks South of Pacific Coast Highway (PCH) in the Walteria neighborhood of South Torrance at the foothills of the Palos Verdes Peninsula immediately adjacent to Palos Verdes Estates and Rolling Hills Estates. 2 miles due west is one of Southern California’s most popular beaches, Redondo Beach and Redondo Village (Redondo’s downtown of retail shops and eateries), allowing The Palms residents to enjoy all the benefits of living in a beach city. An astute investor will realize the benefits of owning an asset that is essentially in a beach city, without paying the premium of a beach city asset. The median household income within a 1,3 and 5 mile radius of the property ranges from $80,000 to $87,000 per year. Five streets to the south, the average annual income of Palos Verdes Estates residents is $245,000 and a ranking of the 38th wealthiest city in the United States according to Bloomberg News. The improvements consist of a U shaped courtyard style design with a total building area of 36,096 per the county assessor’s records, and was built in 1961 utilizing Type “V” wood frame and stucco construction with 2 stories over on grade parking. The land parcel is slightly over 1 acre (approximately 44,793 sq.ft) and is zoned High-Medium Density Multi-Residential. This zoning permits 31.1 to 44.0 Dwelling Units per acre before any potential density bonuses. 1 parking garage for each of the 48 units.

Los Angeles, 330 North PATTON Street

Price: $2,895,000
Units Total: 36
Lot Size: 11,184
Living Area: 27,771
Parking: 48
Days on Market: 587
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

Cudahy, 5142 Live Oak Street

Price: $5,899,000
Units Total: 12
Lot Size: 40,519
Living Area: 23,404
Year Built: 2008
Parking: 44
Days on Market: 34
Description: 5142 – 5150 1/2 Live Oak Street is a 12-unit apartment community in Cudahy, California. The property is located east of Wilcox Avenue, conveniently near the 710 Freeway and just steps from Ellen Ochoa Learning Center, a public school that serves students from kindergarten through eighth grade. The offering is a 2008 construction that has been well-maintained and comprises five buildings on a large 40,519-square foot lot. The buildings contain a total of two three-bedroom / two-and-one-half-bath units and 10 four-bedroom / two-and-three-quarters-bath units that average approximately 2,000 sq.ft. All units feature a larger-than-average attached two-car garage that measures 25 x 20, a balcony and a backyard patio. The property also offers 20 open guest parking spaces. A new investor could continue to operate the property as apartments or sell the units individually, since each unit has its own parcel number. 5142 – 5150 1/2 Live Oak Street presents an excellent opportunity to own a turnkey asset.

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: 68
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.

Long Beach, 1705 East 10th Street

Price: $4,995,000
Units Total: 18
Lot Size: 14,200
Living Area: 13,300
Year Built: 1989
Parking: 40
Days on Market: 7
Description: VERY RARE OPPORTUNITY! This will not last based on the following reasons: ALL 2 Bedroom / 2 Bath (Individually Parceled Condos) that are operated as apartments. Excellent Off-Street Parking – 40 Gated and Secured Parking Spaces. Huge Upside in Rents (18.8% + / -), with No Rent Control! Newer Pride of Ownership Property (Built in 1989). Walking Distance to Downtown Long Beach. New Financing Available, or, Assume the Current Loan at 3.68%, Fixed until 10/26/2021!

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: 120
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.

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: 53
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: 34
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.

North Hollywood, 11311 Huston

Price: $3,195,000
Units Total: 7
Lot Size: 7,101
Living Area: 7,352
Year Built: 1987
Parking: 28
Days on Market: 63
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.

Los Angeles, 1029 South Union Avenue

Price: $4,649,000
Units Total: 31
Lot Size: 16,166
Living Area: 14,701
Year Built: 1963
Parking: 28
Days on Market: 75
Description: AMAZING opportunity to own a prime piece of real estate in the heart of Downtown LA! 31 unit complex consisting (9) one bedroom / 1 bathroom units and (21) single / 1 bathroom units; almost all with their own assigned parking. The building has many recent upgrades including; a newer roof, newer windows, entire exterior freshly painted, as well as some units have interior upgrades as tenants move out. Very RARE abundant amount of parking with (28) parking spaces and plenty of street parking! This building is secured with gated entry, as well as most of the parking being gated. Extremely freeway close with easy access to the 10,110, and the 101 freeways. Less than 1 mile from some of Los Angeles most popular destinations including, Staples Center, LA Live, LA convention Center, and Microsoft Theater, and about 3 miles to the USC Campus and Exposition Park! Los Angeles is known for its ethnic diversity and sprawling metropolis. The city is also one of the most substantial economic engines within the nation, with a diverse economy in a broad range of professional and cultural fields. Los angeles will be hosting the 2028 Summer Olympics! ***PLEASE DO NOT WALK ON PROPERTY OR DISTURB TENANTS. THANK YOU. ***

Silver Lake, 932 Maltman Avenue

Price: $4,995,000
Units Total: 18
Lot Size: 22,415
Living Area: 17,628
Year Built: 1964
Parking: 27
Days on Market: 4
Description: Good mix of units with 10 two-bedroom units, five one-bedroom units and three studios in desirable, high demand area. No vacancies currently. Units are spacious averaging 979 sq.ft with most offering large balconies or patios in addition to large living areas. Many of the tenants have been there long-term as a result. Property sits well above the street which affords LA Skyline views from several of the units. 27 surface and tuck-under parking spaces. Building requires soft-story retrofit; no estimates have been obtained as of this date.

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: 138
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:

La Puente, 14662 Valley Boulevard

Price: $1,599,000
Units Total: 8
Lot Size: 23,460
Living Area: 6,002
Year Built: 1963
Parking: 25
Days on Market: 80
Description: Property consists of 2 parcels with 4 units on each! Second address is 14664 Valley Blvd. 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!

1558 North Lugo Avenue

Price: $1,295,000
Units Total: 12
Lot Size: 17,300
Living Area: 9,441
Year Built: 1986
Parking: 25
Days on Market: 11
Description: Highlights; Competitive Actual CAP Rate of 6.07% / ProForma CAP Rate of 6.90% – ProForma CAP Rate Based on Increasing Rents to Current Market Rents. First Time to The Market In Over 23 Years! $60,000 + in Capital Improvements Completed Between 2016-17. – New Complete Exterior Paint, Updated Roofing, Central HVAC Systems, Water Heaters, contact for full list. Rental Comps Illustrate a 98% Occupancy Area. Property is 100% Occupied With Long Term Tenants. 10% Upside in Potential Rental Income. Updated Security System, Remote Controlled Gated Entry, 2 Parking Spaces per Unit-One Covered and One Uncovered, Onsite BBQ Social Areas and Storage, Security Doors, Exterior Shade Screens, Onsite Laundry Room, contact for full details. The Lugo Apartments is Located on a large, 17,300 Sq. Ft. Lot, the property is composed of twelve 787 sq.ft 2-bedroom, 2-FULL bathroom units with shower and tub. The modern 1986 property underwent many major capital improvements throughout current ownership. Contact for the full marketing materiel with detailed capital improvements. The exceptional care that has been taken in this property, reflects the pride of ownership of its current owner. Scheduled maintenance, quality updates and improvements have always been a priority for the owner and make this property, a true turnkey asset for prospective buyers, who are looking for peace of mind, knowing they invested in a stable and quality property, that will require minimal maintenance, for decades to come.

7581 Warner Ave Avenue

Price: $5,099,000
Units Total: 11
Lot Size: 16,117
Living Area: 13,305
Year Built: 1988
Parking: 24
Days on Market: 138
Description: “PRICE JUST REDUCED”, ‘PRICE JUST REDUCED” 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: 82
Description: This beautifully upgraded 18 units for sale are NO RENT CONTROLLED UNITS IN UNINCORPORATED AREA OF LOS ANGELES. Monthly Gross Rent $20,950.

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: 63
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”.

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: 265
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.

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: 11
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).

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: 121