Residential Income, California | Page 1 -001-11-30T00:00:00-08:00
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Los Angeles, 701 LORRAINE Boulevard

Price: $1,980,000
Units Total: 1408
Lot Size: 7,312
Living Area: 5,218
Year Built: 1936
Parking: Yes
Days on Market: 5
Description: Hancock Park Windsor Village. Great residential area. Well maintained 4 units building. Owners are living one of the unit with great care. 2 story. Each unit’s are spacious, well updated with original charms. 2 units are townhouse-style including owner / user. Other 2 units are open floor plans. Beautiful new landscape gardening. Every units have own washer and dryer’s. Please do not disturb occupants. No sale sign. In HPOZ zone. Showing is subject to offer and serious buyers only. Call listing agent for more info.

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.)

Hermosa Beach, 1300 The Strand

Price: $699,000
Units Total: 96
Lot Size: 14,384
Living Area: 440
Year Built: 2001
Parking: 0
Days on Market: 5
Description: Welcome to the exclusive Beach House in fabulous Hermosa Beach! This 96 unit luxury, “condo-hotel” located at the beach, serves as an owner usable / “hotel” managed complex. This unique investment / vacation ownership (fee simple) allows the owner to reside in their unit for up to 90 days / year with 24 hour onsite professional management and also shares the rental income 50/50 with built-in management when rented. All units have a furnished living room area with fireplace; kitchenette with built-in appliances; sleeping area with king bed; modern full bathroom and outdoor balcony for park and beach viewing along with great ocean breezes. Separate parking structure with valet parking available makes parking a true convenience. All units are tastefully updated to modern standards and all furnishings / appliances belong to the owner. All utilities are included in the HOA fee. This well-known complex, surrounded by the upscale Hermosa Beach lifestyle, provides an excellent haven for your or visiting family and friends beach retreat. As well as the corporate traveler looking for a special place to enjoy. This is presently the only unit available in the highly desirable Beach House. Let your favorite clients know! Thanks.

Inglewood, 9301 CRENSHAW

Price: $28,896,000
Units Total: 80
Lot Size: 144,956
Living Area: 81,243
Year Built: 1955
Parking: Yes
Days on Market: 78
Description: DO NOT SPEAK TO TENANTS OR MANAGER / NO PREVIEWS OR OPEN HOUSES / HANDLE WITH CARE, PROFESSIONALISM, and BE DISCREET! This is one of the most sought after real estate investment opportunities in the non-rent control South Bay community of Inglewood / 20 adjacent 4-plex apartment homes each on their own separate 7,200 + sq. Ft. Parcel zoned R3 / A total of 80 units / 144,956 sq. Ft. Combined lot or 3.3 acres zoned R3 / All 2 bedroom, 1 bathroom units at approximately 950 sq. Ft. / Approximately 45% or more upside in rental income / First time on the market in over 40 years / Located in one of the fastest growing real estate markets / Just blocks away from the Forum, the Hollywood Park Redevelopment and NFL Stadium / New roofs, carport and garage parking, patios, and laundry

Blythe, 400 North PALM Drive

Price: $3,300,000
Units Total: 70
Lot Size: 402,494
Living Area: 66,000
Year Built: 1991
Parking: Yes
Days on Market: 458
Description: Now fully rehabbed and vacant units ready to be leased up, Recently Foreclosed, Newer 1991 built Pride Garden apartment complex consisting of 70 units in 15 buildings plus rental office, of which 30 are 2 Bedroom 1 bath and 40 are 3 bedrooms 1.5 bath townhouse style, over 2.5 Million spent to rehab complex in 2008 total cost over $9M. Building is currently 50% rented with rents that are 30% below market, Market rents are 725 for the 2 bedrooms and 800-825 for the 3 bedrooms market rents, each unit has own laundry hook ups and water heater. Amenities include: Pool, Rec room, secured ample parking, each unit has its own outside private storage room, Tremendous long term upside on rents.

Los Angeles, 888 HILGARD Avenue

Price: $49,500,000
Units Total: 60
Lot Size: 22,396
Living Area: 55,292
Year Built: 1976
Parking: Yes
Days on Market: 39
Description:

Palm Springs, 1800 Smoke Tree Lane

Price: $2,950,000
Units Total: 53
Lot Size: 143,312
Living Area: 425
Parking: 0
Days on Market: 458
Description: Sellers motivated! Updated information provided 11.20.17 – now a 5% cap rate! Smoke Tree Apartments – 51 studio apartments and 2 one bedrooms units; rarely a vacancy. Attractive Pool, Spa, very well maintained. Located just off Hwy. 111, between two large shopping centers, restaurants, supermarkets, amenities, and only minutes to downtown Palm Springs and Palm Springs international airport. It includes an approximate 1 acre of vacant land for expansion. Property information sheet is attached (click on staple above) Zoned for Sober or Assisted living with CUP – Potential to QUADRUPLE income!

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.

El Sereno, 5278 Ithaca Avenue

Price: $1,388,000
Units Total: 45
Lot Size: 9,601
Living Area: 5,439
Year Built: 1963
Parking: 10
Description: Three (3) separate buildings! Front house SFR with 3 bedroom and 2 bathroom. There are 8 units in the rear with two (2) separate two story buildings. Each unit has their own assigned parking garage / space. THIS IS AN EXCELLENT INVESTMENT WITH 5.38% CAP RATE! Purchase it and live in the front SFR yourself and rent out the 8 units in the back. Please do not enter onto property without an appointment. New copper piping for rear portion of building (8 units) in late 2014. Buildings are very very well-kept / maintained by professional property management company. Rent controlled increases are done annually with ease.

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

Big Bear, 40598 Big Bear Boulevard

Price: $2,100,000
Units Total: 33
Lot Size: 53,000
Living Area: 13,540
Year Built: 1963
Parking: 0
Days on Market: 361
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.

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.

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. ***

Los Angeles, 3724 INGLEWOOD

Price: $10,000,000
Units Total: 30
Lot Size: 32,767
Living Area: 26,200
Year Built: 1955
Parking: Yes
Days on Market: 4
Description: The “Mar Vista 30” is a unique and significant multifamily investment property housing 30 large and open units situated on a huge 3/4 of an acre lot. Composed of 3,10 unit buildings, this offering has an ideal mix totaling 22 (2 + 1) and 8 (1 + 1) units with an impressive average unit size of 873 sq.ft per unit. Known today as Silicon Beach, the units on 3724,3730, and 3736 Inglewood Blvd are near to many of the most prominent tech companies in the nation. Facebook, Google, Snapchat, YouTube, Tesla (to name a few) all have significant facilities nearby. Given the scale, location, upside, and bankable features, this property is attractively priced at only $381.68 per square foot, nearly $30.00 per square foot below the average cost of $410.48 per square foot for recently sold comparable properties. Current rents comfortably align the property’s pricing to GRM and CAP rate expectations for this submarket, making this a financeable asset in a coveted Westside location.

Bell Gardens, 5825 Florence Avenue

Price: $2,750,000
Units Total: 30
Lot Size: 10,163
Living Area: 853
Year Built: 1942
Parking: 0
Days on Market: 145
Description: Garden Trailer Park is located at 5825 E. Florence Ave. Bell Gardens, Ca 90201 and is a 27 spaces trailer home park. This is a great re-development opportunity in the city of Bell Gardens! With great street frontage and high visibility. The park is just around the corner from the Bicycle Casino and near other big box retailers and chain restaurants. The property is perfect for a developer who has experience with projects in dense infill areas. The property is serviced by city water and sewer utilities. Electricity and Gas is sub-metered and paid by the tenants. The park pays for the water, trash and sewer. The park consists of Four parcels . The property contains of 2 shops in the front one in Barber Shop and the second is party supplies. The property also comes with a billboard which is on month to month agreement. A coin laundry and a 2bed / 1 bath house in the back. This won’t last collecting near $24,000 / per month

Northridge, 18528 CHASE Street

Price: $10,600,000
Units Total: 28
Lot Size: 19,315
Living Area: 32,058
Year Built: 2017
Parking: Yes
Days on Market: 49
Description: The subject property is a twenty eight unit apartment building recently completed in 2017. The owner and developer took pride in constructing this contemporary, low maintenance property with attractive tenant amenities and energy efficient features. With a Certificate of Occupancy issued in June 2017, the property is currently fully occupied with one year leases in place. The property is located in a solid Northridge location. Located just west of Reseda Boulevard and just north of Roscoe Boulevard, the property is adjacent to Vallarta Market and steps to Reseda Boulevard with plenty of retail, shopping and public transportation. Within walking distance of the property is Northridge Hospital Medical Center. A short driving distance away is the Cal State Northridge, Northridge Metro Link Station and the Northridge Fashion Center.

1757 North KINGSLEY Drive

Price: $8,250,000
Units Total: 26
Lot Size: 18,096
Living Area: 12,959
Year Built: 1968
Parking: Yes
Days on Market: 130
Description: 1757 N Kingsley Dr, This beautifully renovated 26-unit apartment community is located just south of Franklin Avenue and north of Hollywood Blvd in East Hollywood / Los Feliz. 18 of the 26 units have been fully renovated to condo quality, offering residents luxury modern finishes such as recessed lighting, customized closets, laminate floors, stainless steel appliances, quartz counter tops, and custom tiled bathrooms. Additional renovations to the property include; new contemporary landscaping, improved walkways, secure gated parking as well as remodeled laundry rooms and workout room / pool room. The property consists of (1) two-bedroom / one-bathroom unit, (19) one-bedroom / one-bathroom units, and (6) studio units.

Whittier, 14149 Mulberry Drive

Price: $6,588,000
Units Total: 26
Lot Size: 42,253
Living Area: 19,448
Year Built: 1956
Parking: 0
Days on Market: 99
Description: Mulberry Drive Apartments is a 25 + 1* unit multifamily investment property located in the city of Whittier California. Situated on a 0.97-acre lot, the 19,448 square foot property consists of studio, one-, and two-bedroom floor plans averaging 748 sq.ft. Built in 1956, the property offers an attractive range of amenities including covered carport parking, a large central courtyard, a swimming pool, and an on-site laundry facility. *One studio unit is non-conforming

4100 Harrison Canyon Road

Price: $2,999,000
Units Total: 25
Lot Size: 94,865
Living Area: 19,554
Year Built: 1963
Parking: Yes
Days on Market: 299
Description: A Truly Unique property. 25 unit apartment complex on the east side of the 215, which backs up to the foothills. This property feels more like a condo complex. This well maintained complex has single story and 2 story units. Pool, laundry room. Off the beaten track, quiet, secluded.

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:

Norwalk, 12645 Norwalk Boulevard

Price: $6,100,000
Units Total: 24
Lot Size: 27,878
Living Area: 21,145
Year Built: 1963
Parking: 0
Days on Market: 69
Description: Faircrest Apartments is a 24-unit non-rent controlled multifamily investment property located at 12645 Norwalk Boulevard in the city of Norwalk, California. Situated on a 0.64-acre lot, the 21,145 square foot property consists of studio, one-, two-, and three-bedroom units averaging 881 sq.ft. Built in 1963, the property offers an attractive range of amenities including a spacious courtyard with a sparkling swimming pool, carport parking, and on-site laundry. Residents of Faircrest Apartments enjoy easy access to Interstate 5, Norwalk / Santa Fe Springs Transportation Center, libraries, schools, and a plethora of major retail centers.

941 South KENMORE Avenue

Price: $3,900,000
Units Total: 24
Lot Size: 6,664
Living Area: 13,365
Year Built: 1923
Parking: 0
Days on Market: 64
Description: The subject property is a three-story building consisting entirely of single units. Well located in a Korea-town area, within the Mid-Wilshire section of Los Angeles with a highly desirable rental area. The property offers the opportunity to raise rents and substantially increase revenue. The subject property has separate meters for gas and master meter for water and electric.

Culver City, 3820 Overland Avenue

Price: $4,950,000
Units Total: 24
Lot Size: 10,820
Living Area: 9,840
Year Built: 1958
Parking: 0
Days on Market: 5
Description: Fantastic multifamily investment opportunity near Downtown Culver City with proximity to many restaurants, film production studios, entertainment and the Metro Line. This property boasts a Walk Score of 94! There are a total of 24 units, in two buildings, with eleven studio and thirteen one-bedroom units. This is a rent-controlled asset with upside in the rents. There are two community laundry rooms 3820 Overland Ave. (APN #4208-009-061) is being offered for sale together with the adjacent property at 3824 Overland Ave. (APN #4208-009-062). Combined, the lot size is approximately 10,820 sq.ft. Combined, the two buildings are approximately 9,840 sq.ft. Zoning is LAR3 and there are 12 on-site parking spaces with street parking available.