Residential Income, California | Page 1 -001-11-30T00:00:00-08:00
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Los Angeles, 920 South Hill Street

Price: $35,000,000
Units Total: 239
Lot Size: 22,935
Living Area: 190,903
Year Built: 2017
Parking: 328
Days on Market: 476
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: $25,000,000
Units Total: 163
Lot Size: 20,663
Living Area: 184,705
Year Built: 2017
Parking: 221
Days on Market: 478
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.)

1398 North Sierra Way

Price: $7,200,000
Units Total: 68
Lot Size: 144,183
Living Area: 53,776
Year Built: 1949
Parking: 0
Days on Market: 140
Description: Highlights; Competitive Offering Actual CAP Rate of 5.84 %, with a ProForma CAP Rate of 6.57 %, Offering Actual GRM of 10.49, with a ProForma GRM of 9.68 / Rental Comparables Illustrate a 98 % Occupancy Area. Rental Survey Completed 03/05/2018., $1,000,000 In Recent Property Improvements and Renovations Under Current Ownership. 60% of the Units Have Been Completely Renovated., Conservative 10% Upside in Potential Rental Income. Achieved through continued implementation of Government approved and funded programs., Currently only 30% of the Tenants are in Government funded program, allowing for future growth., 4 Units Have Fire Damage and Are Currently Under Complete Rehabilitation. Units to be Delivered per Seller in 100% Rent Ready Condition. The Mountain view manor apartments are located on a sprawling 3.31 acre lot. The property is composed of 10 + buildings, outbuildings, and cover parking structures for all units. This 68 unit apartment community possesses an attractive unit mix of 35 one bedroom / one bathroom units, 1 one bedroom / one and a half bathroom unit and 32 two bedroom / one bathroom units. Over 60% of the units have been completely renovated. Recent property improvements by current ownership exceed $1,000,000 and have been outlined below. Capital Improvements and Renovations: New Interior Paint New Flooring in units New Kitchen Cabinets and Countertops New Appliances New Bathroom Cabinets Updated Exteriors Exterior Paint and Fascia Improvements

Los Angeles, 2731 BEVERLY

Price: $9,600,000
Units Total: 66
Lot Size: 6,827
Living Area: 24,795
Year Built: 1927
Parking: Yes
Days on Market: 172
Description: Gorgeous prominent 4 story property in the area is referred to as “Rampart Village” and is quickly becoming the new Echo Park and Silverlake. This property has undergone major renovations including new copper plumbing, new waste lines, updated electrical system, restored lobby and common areas, updated windows, and many renovated units. The units are large bachelors with full bathrooms and small kitchenettes. These units are bright and have city views. The units rent like hotcakes. This is the perfect “VALUE ADD” deal as all the heavy lifting is done. As the units vacate a new owner will realize a substantial cash flow surge as the rents are 40% under value. Out of the 65 units – 35 units have been renovated!

Victorville, 14243 Rodeo Drive

Price: $6,590,000
Units Total: 60
Lot Size: 111,325
Living Area: 48,726
Year Built: 1986
Parking: 60
Days on Market: 64
Description: Northport Apartments is a 60-units community, situated on 2-1/2 acres, consisting of seven residential 2-story buildings, a pool, and laundry facilities. The location of the complex is just minutes from shopping, public transportation, and access to interstate 15. Northport offers exclusively two bedroom, two bath floor plans with either an upstairs balcony unit, or a downstairs garden patio.

Palm Desert, 40890 SANDY GALE Lane

Price: $8,772,000
Units Total: 51
Lot Size: 475
Living Area: 47,725
Year Built: 1985
Parking: Yes
Days on Market: 129
Description: Pacifica Real Estate Services, Inc. Is offering 51 condominiums for sale within the 100-unit, resort-style Royal Palms community in Palm Desert, California. The property was built in 1985 and just underwent a major common area and unit renovation in 2017-18; the common area improvements include newly-resurfaced swimming pools, new patio furniture, and water-efficient desertscape; the extensive unit improvements include new cabinets, stone countertops, lighting fixtures, electrical outlets, plumbing, wood-style tile flooring, new paint, and upgraded appliances. The 51 units owned by Pacifica and offered for sale consist of 49 two-bedroom units ranging from 925 to 1,200 sq.ft and two one-bedroom units with 750 sq.ft. With a per-unit sale price of $172,000, these beautifully renovated units are a great investment opportunity, well below the $250,000 sales price they commanded when sold individually in 2006.

447 South RAMPART Boulevard

Price: $6,650,000
Units Total: 48
Lot Size: 8,412
Living Area: 23,072
Year Built: 1924
Parking: Yes
Days on Market: 110
Description: This property is being offered together / simultaneously with the contiguous street level parking lot and 18-unit building located at 450 S Benton Way, also listed by Listing Agent. 447 S Rampart Boulevard is a 5-story, 48-unit New York style, 1920s brick apartment building located in the heart the Westlake neighborhood, one of the hottest submarkets in Los Angeles. This extremely well-maintained / manages asset is made up of 37 singles (0 + 1), 4 singles + office (0 + 1 + Office), 6 one-bedroom, one-bathroom (1 + 1) units, and a unique 2-story single + large downstairs space apartment. The building features on-site laundry, a security camera monitoring system, and is master metered for gas (separately studded) and electric. There is also an adjacent on-site parking lot with 15 surface parking spaces.

Tarzana, 18414 Collins Street

Price: $9,950,000
Units Total: 45
Lot Size: 43,601
Living Area: 27,262
Year Built: 1971
Parking: 55
Days on Market: 48
Description: This is a 45-unit apartment complex at 18414 Collins Street, Tarzana, California. Situated in a great location, the property is comprised of thirty four spacious one-bedroom units, two three-bedroom units, each with two bathroom, one two-bedroom and two bathroom, one two-bedroom and one and a half, and six single units, that together come to more than 27,000 sq.ft of rentable space on 43,560 sq.ft of land. The complex has been well maintained since it was built in 1971 and has recently undergone certain upgrades, including the installation of a brand new roof in 2017. The property offers an on-site laundry facility, a sparkling swimming pool, and 55 parking spaces for residents. Furthermore, the property is thought to have copper plumbing and is master metered for gas and electricity. Located north of Burbank Boulevard, this complex is within walking distance from shops, restaurants and entertainment venues that line Ventura Boulevard. Furthermore, the building sits mere minutes from the 101 Freeway. The property’s prime location, coupled with clear upside potential, make it a fantastic investment opportunity.

9949 Sepulveda Blvd.

Price: $9,650,000
Units Total: 42
Lot Size: 37,462
Living Area: 32,161
Year Built: 1979
Parking: 0
Days on Market: 10
Description: The Montecito North and South is a 42 unit Non Rent Controlled Apartment Community in Mission Hills (Los Angeles) California. Consisting of two separate buildings and lots, 9949 Sepulveda is a 23 unit apartment building and 9969 Sepulveda is a 19 unit apartment building. Both properties have had the earthquake retrofit work completed. Featuring Studios, One Bedroom (3 are Townhouses), Two Bedroom One and Two Baths the unit mix is well balanced. Each building has a laundry room and there are a total of 81 parking spaces, both tuck under and open, for the tenants. Tremendous rental upside exists as The Montecito North and South can have unit interiors upgraded and rents increased.

Whittier, 14035 Coteau Drive

Price: $11,550,000
Units Total: 40
Lot Size: 60,112
Living Area: 32,604
Year Built: 1986
Parking: 8
Days on Market: 52
Description: Triqor Group is pleased to present the opportunity to acquire Heritage Manor and Villas, a 40-unit apartment building located in Whittier, CA. Built in 1986; the property is in close proximity to Candlewood Country Club and offers (36) large two-bedroom units and (4) one-bedroom units. Most units have a patio or balcony, some with golf course views. All tenants have secured access to covered and uncovered parking. Heritage Manor and Villas boasts a great opportunity for an investor to purchase a well-maintained asset consisting of almost all two-bedroom units built in 1986. Heritage Manor and Villas is located just north of Imperial Hwy., the major east west thoroughfare in the City of Whittier. The property sits adjacent to Candlewood Country Club providing some units with golf course views. The property is located 3 miles northeast of the 5 freeway, 4.5 miles east of the 605 freeway and 5 miles north of the 91 freeway. Furthermore, the property is located less than 20 miles southeast of Downtown Los Angeles and 10 miles north west from Downtown Anaheim offering additional employment opportunities nearby.

Los Angeles, 249 South AVENUE 55

Price: $10,500,000
Units Total: 40
Lot Size: 38,863
Living Area: 24,722
Year Built: 1961
Parking: Yes
Days on Market: 62
Description: 249 S Ave 55 is a 2-story, 40-unit, Mid-Century apartment building located in the heart of Highland Park-one of Los Angeles’ hottest sub-markets. Teeming with authentic Mid-Century charm, this extremely well-maintained asset features 40 secure parking spaces, an over-sized center courtyard lined with beautiful, drought tolerant landscaping, a large pool with ample lounge areas and colorful accent murals / designer paint themes. The building features on-site laundry and is separately metered for gas and electric. 28% of the units (11 in total) have been renovated to include beadboard ceilings, new kitchens, with modern cabinets, stainless steel appliances, quartz counter-tops, and remodeled bathrooms.

Hawthorne, 12303 GREVILLEA Avenue

Price: $10,770,000
Units Total: 40
Lot Size: 35,275
Living Area: 32,699
Year Built: 1985
Parking: Yes
Days on Market: 12
Description: -Portfolio Sale – 4 Separate Buildings Totaling 40 Units -Non-Rent Controlled Assets – Located West of Hawthorne Boulevard in the Most Desirable Pocket of Hawthorne -1980’s Vintage Buildings -Outstanding Unit Mix -Located within 3 Miles of the Hollywood Park Development Project and New Proposed NFL Stadium -Full Copper Plumbing and Ample Covered Parking -Six On-Site Laundry Facilities – Generating Additional Annual Income -Washer / Dryer Hook-Ups in 12312 Grevillea Avenue Building -Over 22% in Rental Upside -Strong Neighboring Employment: Space X, Tesla, and Aerospace Defense Companies

Norwalk, 12235 Alondra Boulevard

Price: $9,450,000
Units Total: 37
Lot Size: 15,590
Living Area: 23,497
Year Built: 1964
Parking: 0
Days on Market: 40
Description: Offered is a 37 unit apartment complex in the City of Norwalk. The property sits on 2 parcels totaling over an acre of land and offers tenants a gated pool, patio, BBQ area, gated parking, security entrance and an on site laundry facility. Many of the unit interiors have been upgraded with new dual pane windows, flooring, granite counter tops, appliances, vanities and resurfaced kitchen cabinets. The units have new individual air conditioning units and are separately metered for gas and electricity. The property has 11 tuck under and 41 open parking spaces. Norwalk is a densely populated city with a population of over 100,000 people. The city is located approximately 17 miles south east of downtown Los Angeles and enjoys easy access to the 605,5, 105 and 91 freeways along with numerous public transportation options.

511 South RAMPART Boulevard

Price: $4,870,000
Units Total: 36
Lot Size: 12,425
Living Area: 19,036
Year Built: 1924
Parking: Yes
Days on Market: 48
Description: 511 S. Rampart Boulevard, is a 36-unit apartment building located in the emerging Westlake submarket of Los Angeles. The Property is a well maintained stucco building originally constructed in 1924, that has undergone some exterior and interior capital improvements. The offering represents an ideal value-add investment opportunity with tremendous rental upside. The Property has a total unit mix of 1 bachelor, 27 studios, and 8 one bedroom one bath units. Current ownership has renovated 13 out of the 36 units with electrical and plumbing upgrades and luxury modern finishes. The Property is secured with gated access and common areas and hallways have been expertly renovated throughout. Exterior and building upgrades include a new roof, new stucco and exterior paint, new tile, lighting, and paint in lobby / halls, new drain lines, and new landscaping. The offering represents an opportunity to acquire a charming 1920’s building in a rapidly changing and highly sought after neighborhood.

Reseda, 7650 RESEDA

Price: $6,600,000
Units Total: 36
Lot Size: 30,312
Living Area: 23,713
Year Built: 1965
Parking: 0
Days on Market: 53
Description: We are pleased to offer for sale The Reseda Keswick Apartments, a 36 unit multifamily property in the Northern Los Angeles community of Reseda in the heart of the San Fernando Valley. Reseda-Keswick Apartment homes offers an investor a unique opportunity to acquire an attractive apartment community with the ability to add significant value through an enhanced interior and common-area renovation program. The community of Reseda is centrally located just west and south of the San Diego (405) Freeway and the Simi Valley (118) Freeway, providing residents convenient access to all areas of Los Angeles including Downtown Los Angeles and Burbank Studios to the south and east, West Los Angeles to the south, and Warner Center to the south and west. Apartment operations continue to improve throughout the Valley. The lack of adequate new supply being introduced to the market coupled with the demand for infill San Fernando Valley apartments has buoyed rents and kept occupancy at over 95%.

Newhall, 24842 NEWHALL Avenue

Price: $8,900,000
Units Total: 36
Lot Size: 47,558
Living Area: 24,448
Year Built: 1969
Parking: Yes
Days on Market: 34
Description: Park Newhall Offers residents excellent living conditions in the heart of the Santa Clarita Valley. Residents appreciate the convenience of the nearby entertainment, dining, recreation, and nightlife options that the Valley has to offer. The asset consists of five two-story buildings situated on five parcels of land totaling over one acre. Open parking spaces are situated throughout the community providing more than one space per apartment. Many units have been recently updated with new plank flooring, re-glazed countertops in the bathroom and kitchen, microwave hood, new carpet, fresh paint, and modern lighting and plumbing fixtures. The property has been well maintained, yet still features considerable potential for further capital improvements in order to tap additional revenue streams.

San Pedro, 4034 South Pacific Avenue

Price: $14,000,000
Units Total: 36
Lot Size: 27,249
Living Area: 34,651
Year Built: 1965
Parking: 38
Days on Market: 10
Description: We are pleased to present a beautiful, remodeled apartment located in San Pedro, California. The building offers PANORAMIC OCEANFRONT views! The units are completely remodeled including new wood and modern tile floors, granite kitchens and bathrooms, contemporary paint colors and quality appliances. The subject property features an on-site laundry facility, elevator, sundeck, huge patio dining area for dining and a lush tropical landscaped courtyard. The building is located just steps from the Ocean and just blocks from Downtown, shopping, dining and entertainment. The subject property currently has 5 tenants, which makes it a unique opportunity with 31 vacant units that can be rented at market right away. Built in 1965, the subject property consist of 34,651 rentable square feet on a lot size of 27,267 sq.ft. The unit mix consists of (4) three-bedroom / two-bathroom (24) two-bedroom / one-bathroom units, (7) three-bedroom / two-bathroom unit and (1) large studio / one-bathroom unit. There is an on-site laundry for tenants’convenience. The subject property is separately metered for gas and electricity keeping expenses to a minimum.

Long Beach, 1625 Redondo Avenue

Price: $12,250,000
Units Total: 36
Lot Size: 33,106
Living Area: 32,841
Year Built: 1971
Parking: 39
Days on Market: 4
Description: Redondo Terrace is a 36-unit multifamily investment property located in Long Beach, California. The property is located within the highly sought after Eastside neighborhood of the city. The area provides a strong, diverse tenant base, easy transportation access, and proximity to a wide range of retail options. The property also sits within two miles of California State University, Long Beach. Situated on a 0.76-acre lot, the 32,841 square foot property consists of studio, one-, and two-bedroom floor plans and offers amenities including ample garage parking, controlled access, private balconies, a central courtyard, elevator, and on-site laundry. Thirty-one of the units have been significantly renovated with upgraded kitchen stainless steel appliances, quartz countertops, vinyl flooring, and updated bathrooms. Additionally, there are numerous third-floor units with ocean and city views.

11752 SATICOY Street

Price: $8,200,000
Units Total: 35
Lot Size: 36,850
Living Area: 22,462
Year Built: 1979
Parking: 0
Days on Market: 94
Description: Hard-to-Find Non Rent Control Asset Significant and Immediate Upside No Earthquake Retrofit needed New Electrical New Plumbing Newer Roof – About Five Years Old All Units Are Individually Metered for Water All Units Are Individually Metered For Electricity And Gas New Wall Heaters in Units~ New Tank less Water Heaters, 500,000 BTU Each Laundry Machines Owned and Operated By Sellers Many Units Have Been Redone With New Appliances And Interior Appointments Parking Lot Recently Repaved

Los Angeles, 1517 West 8TH Street

Price: $4,500,000
Units Total: 34
Lot Size: 12,889
Living Area: 39,447
Year Built: 2018
Parking: Yes
Days on Market: 28
Description: RTI 34-unit multifamily project in budding City West, DTLA adjacent. The offering includes 1517 and 1521 W. 8th Street (parcels 5142-023-003 and 5142-023-004) for a total of 12,889 sq.ft of LAC2-2D land. The site is available as a “Ready to Issue Permits”, 34-unit by-right project. The entitled plan is all market-rate, includes an attractive unit mix of large 1 + 1 and 2 + 2 units and is fully-parked. Additionally, the City’s Transit Oriented Communities (TOC) Affordable Housing Incentive Program allows for an up to 70% bonus beyond the by-right density at this location. Up to 55 units can be built should a purchaser choose to re-entitle taking advantage of TOC’s incentives. Approved plans and reports are available, contact listing team or visit property website.

2330 South CORNING Street

Price: $10,995,000
Units Total: 34
Lot Size: 30,000
Living Area: 34,471
Year Built: 1964
Parking: Yes
Days on Market: 5
Description: This property is a 3-story building located in West Los Angeles with ample parking. There are 41 total parking spaces. 20 Tuck under parking spots, 19 Carports, and 2 open parking spaces. 2330S Corning St is a very charming apartment building situated in West Los Angeles. This property, built in 1964, with wood frame and stucco construction, is separately metered for gas and electricity and is comprised of 34.471 sq.ft of improvements sitting on a 29,999 sq.ft lot. This property is located near the corner of Corning St and Cadillac Ave.  This asset offers an investor the rare opportunity to purchase a well-maintained, well-located asset with exceptional value to add and upside potential. For an investor focused on appreciation, this is an ideal investment. The average square feet of each unit is approximately 1,014 sq.ft. The current average rent is only $1,266 dollars, and market rents at $2,412 on an average basis based on the rent roll we have.

Big Bear, 40598 Big Bear Boulevard

Price: $2,200,000
Units Total: 33
Lot Size: 53,000
Living Area: 13,540
Year Built: 1963
Parking: 0
Days on Market: 611
Description: Conveniently located right across the street from the Bowling Barn and Funplex, this 33-room buinding on Big Bear Blvd is the main part of the total 66-room Knights Inn motel which is within walking distance to the fine dining and cinemas in the Big Bear Lake Village. The business is composed of two separate buildings. There is another 33-room building across a street on Lynn Rd 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. It is also within walking distance to the marinas for boat launch, boat rentals and all kinds of water sports. Snow Summit and Bear Mountain ski slopes are a short drive away. With some property renovation investment this property could easily become a premier lodging facility in Big Bear Lake due to its excellent location. This listing price includes the Knights Inn franchise business.

Van Nuys, 8030 LANGDON Avenue

Price: $4,995,000
Units Total: 33
Lot Size: 27,342
Living Area: 19,998
Year Built: 1969
Parking: 22
Days on Market: 3
Description: Value add building, 45% upside in rents. Very well maintained 2-story building, central courtyard, pool. 32 one-bedrooms, 1 two-bedroom. Good rental demand. The building runs full mot of the time. Good roof, copper plumbing, new water heaters. Seismic reinforcement completed. New paving on driveway-parking area. See property by appointment. Do not contact tenants.

Big Bear, 563 Lynn Road

Price: $1,900,000
Units Total: 33
Lot Size: 25,300
Living Area: 14,904
Year Built: 1967
Parking: 33
Days on Market: 371
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.