Residential Income, California | Page 1 -001-11-30T00:00:00-08:00
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Los Angeles, 601 South Main Street

Price: $60,000,000
Units Total: 452
Lot Size: 25,592
Living Area: 25,592
Year Built: 1981
Parking: 858
Days on Market: 62
Description: The SB Omega is a fully entitled project on the southwest corner of 6th and Main St. In the heart of the Historic Core of Downtown LA. Currently the site of Joe’s Parking, this approved project will encompass 4 parcels and stand 390 ft. Tall to include 38 stories above grade and 452 dwelling units. Upon completion, the building will be the tallest structure in the Historic Core and one of the tallest in Downtown Los Angeles. Land is currently used as a parking lot but has all entitlements and plans for a high-rise condominium building consisting of 458,308 residential sq. Ft, 24,368 retail sq. Ft. And 858 parking spaces. Seller is looking for a joint venture opportunity with an experienced contractor who must bring a $10,000,000 down payment to the partnership. Partner must acknowledge that the sale of the project will gross over $400 million and that construction costs will not exceed $160 million.

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: 557
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: 558
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.)

Barstow, 2980 East MAIN Street

Price: $1,990,000
Units Total: 81
Lot Size: 64,468
Living Area: 23,112
Year Built: 1973
Parking: Yes
Days on Market: 204
Description: 81 room apartment / former motel / built in 1973 and recently was operating as an independent motel / apartment. The building is approx. 23,000 sq. Ft. / and is situated on a 1.48 acre lot. The construction is wood-frame / stucco there are more than 81 parking places. The hotel is located immediately off The 40 Freeway and next to the entrance to the Marine Corps Logistics Base in Barstow. Recently the building was serving the needs of people who were renting rooms on a weekly / monthly basis with some rooms reserved for overnight guests. ***Currently the building is totally vacant***

San Bernardino, 2936 Loma Avenue

Price: $7,999,999
Units Total: 80
Lot Size: 96,704
Living Area: 60,620
Year Built: 1984
Parking: 160
Days on Market: 14
Description: The San Bernardino Portfolio consist of two 40 unit apartment complexes located at 2936 Loma Ave and 2935 Mountain Ave in the City of San Bernardino. The property is well positioned to take advantage of strong population growth and job creation in the Inland Empire. The recent growth of economic drivers in the region have resulted in strong rent growth and tightening occupancies in the Mutifamily market. The region is connected to the great Inland Empire metropolitan area and is the home to California State University San Bernardino which serves more than 20,000 students annually. The property is comprised of eight two story buildings which contain 60,620 sq.ft of rentable area on 96,704 sq.ft of land. Priced at below replacement value. The apartments have wall units and central heating / air conditioning, hardwood and carpeted units, vertical blinds, ceiling fans and private patio / balconies on selected units. Residents pay for gas and electricity which are individually metered and each unit has individual water heaters.

Chatsworth, 10009 De Soto Avenue

Price: $13,600,000
Units Total: 61
Lot Size: 54,694
Living Area: 43,616
Year Built: 1963
Parking: 0
Days on Market: 2
Description: Built in 1963, this garden style apartment complex with lush landscaping and spacious units consists of twenty six (26) one-bedroom / one-bath apartments and thirty five (35) two-bedroom / one bath apartments with an approximate building square feet of 43,616 on a lot size of approximately 1.256 acres of land. This well maintained, two story apartment complex features all the amenities one can ask for such as gated pool, fitness area, playground, laundry facilities, and on-site parking all nestled in a lovely, quiet community. Each unit is separately metered for gas and electric. Building has copper plumbing and the soft story retrofit was completed in 1994. Excellent assumable financing. With significant rental upside, this property provides an excellent opportunity for an investor to increase market rents, thereby making this a true value-add opportunity.

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: 145
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.

Eagle Rock, 1580 Yosemite Drive

Price: $17,000,000
Units Total: 50
Lot Size: 89,658
Living Area: 44,272
Year Built: 1951
Parking: 50
Days on Market: 38
Description: Yosemite Gardens is a 50-unit community situated on a large ±2.06 acre lot. The large lot and RD1.5-1 zoning allow additional 26 units to be built on site (using 35% density bonus, through TOC-1 or State Affordable Housing – BUYER TO VERIFY). The property is a Mid-century, well-maintained, two-story, value-add apartment community in the Eagle Rock area of the City of Los Angeles, California. The community has a center driveway with large, landscaped outdoor common areas and consists of 3 main buildings with multiple detached private garages. It was built in 1951, has a ±44,272 sq.ft building size on an oversized 89,658 sq.ft lot. The property has 2 parcels and 2 different zonings. The property offers walkable amenities, easy transportation access, and close proximity to LA’s most exciting neighborhoods. It has an excellent unit mix of 27 x 2bedroom + 1bathroom and 23 x 1bedroom + 1bathroom. Each unit (average unit size ±885 sq.ft) has an excellent layout with original hardwood flooring, large windows, individual water heaters, tiled kitchens and tiled bathrooms, ceiling fans, and a dishwasher. Approximately 13-units have been upgraded with restored hardwood flooring, new kitchen finishes, and restored bathroom. The property separately metered for electricity and gas and is cable and Wi-Fi ready.

Los Angeles, 2975 LEEWARD Avenue

Price: $7,050,000
Units Total: 48
Lot Size: 9,291
Living Area: 28,112
Year Built: 1927
Parking: 0
Days on Market: 36
Description: PRICE REDUCED BY $300,000 – Submit All Offers. The Leeward Apartments is, per the certificate of occupancy, a 48 unit apartment building that is currently operating as 46 units and situated in the Koreatown area of Los Angeles. The property contains a grand lobby as well as central hallways running down each of the four stories of the reinforced brick structure. An elevator as well as two staircases service the property. The certificate of occupancy from 1927 states that the property is a 48 unit apartment house although the property is currently operated as 46 units. 4 of the units, consisting of two efficiencies and the adjacent two studios, were combined to create two apartments that are both one-bedrooms (one is occupied by the on-site manager) and the property is currently operating as a 46 unit apartment building with 2 units being one-bedrooms with one-bathroom, 7 units efficiencies with a bathroom but no kitchen, and 37 studios with one-bathroom and a kitchen.

Pasadena, 165 North MICHIGAN Avenue

Price: $13,640,000
Units Total: 45
Lot Size: 22,056
Living Area: 42,843
Year Built: 1964
Parking: Yes
Days on Market: 48
Description: Michigan Apartments is a five story, 45 unit, non rent-controlled property constructed in 1964 on a ±22,055 square foot lot, with a total building size of ±42,843 sq.ft.  The secured entry property offers a lobby area, elevator, three stairwells, cameras in select areas, a barbeque area, trash chutes on each floor, an on-site laundry facility, and a gated 45 parking space on-grade enclosed garage with dual driveways.  The property is separately metered for gas and electric, and serviced by central water heaters. Michigan Apartments boasts a solid unit mix of 18 one-bedroom / one-bathroom units, 25 two-bedroom / two-bathroom units, and 2 three-bedroom / two-bathroom units.   The units are large with the one-bedroom units averaging approximately ±800 sq.ft, the two-bedroom units averaging approximately ±1,000 sq.ft, and the three-bedroom units averaging approximately ±1,500 sq.ft.

Arcadia, 865 West HUNTINGTON Drive

Price: $15,500,000
Units Total: 42
Lot Size: 55,506
Living Area: 34,972
Year Built: 1954
Parking: Yes
Days on Market: 73
Description: Huntington Place is a 42-unit apartment community comprised of three two-story buildings located at 855-875 W Huntington Drive and built between 1953 and 1954 on a unique ±55,506 sq.ft R3 triple lot. The attractive property is separately metered for gas and electric, and offers desirable resident amenities that include a gated swimming pool with barbeque area and outdoor seating, three separate on-site laundry facilities, and expansive open space that affords a new owner the opportunity to add additional common area features. The property is well-parked with 66 covered and open parking spaces, and the city does not require soft story retrofit. Recent capital improvements include newer roofs for all three buildings, new asphalt driveways, dual-pane vinyl windows, fresh exterior paint, and copper plumbing in select units. Property consists of three parcels: 5777-029-030,5777-029-031, and 5777-029-032.

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: 90
Description: EXISTING LOAN CREATES BETTER LEVERAGE AT A BELOW MARKET INTEREST RATE WITH A LONG TERM DUE DATE! 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. CALL AGENT FOR DETAILS ON VERY FAVORABLE EXISTING LOAN!

Garden Grove, 10071 Lampson Avenue

Price: $11,685,000
Units Total: 41
Lot Size: 57,935
Living Area: 33,370
Year Built: 1963
Parking: 59
Days on Market: 15
Description: Marquis Apartment Homes is a 41-unit multifamily investment property located in Garden Grove, one of the strongest rental markets in Southern California. Situated on a 1.33-acre lot, the 33,370 square foot property consists of one-bedroom and two-bedroom floor plans. Marquis Apartment Homes offers amenities including garage, open, and carport parking, private patios (select units), balconies (select units), and on-site laundry. Marquis Apartment Homes is just over one half mile from Garden Square Shopping Center and The Promenade Garden Grove, providing residents with easy access to a variety of retailers, grocers, dining, and entertainment options. The property is also one mile from California State Route 22 providing residents with convenient access to surrounding cities.

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: 132
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: 142
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.

Sherman Oaks, 14731 Burbank

Price: $5,995,000
Units Total: 38
Lot Size: 38,906
Living Area: 40,509
Year Built: 2018
Parking: 73
Days on Market: 38
Description: RARE 38 UNIT DEVELOPMENT OPPORTUNITY WITH PLANS COMPLETED AND PERMITS ISSUED. Burbank Apartments is a luxury ultra contemporary modern three-story “corner to corner” residential development designed to attract the modern day demographic who want to live in the buildings of the future. With 38 units total, ranging from 1 Bed / 1 Bath to 3 Bed / 2 Bath, the building seeks to offer a comfortable and unique home to its residents. Its open space courtyard with an elevated platform serves as a ‘walk in the forest’ social hub. It provides privacy and security from outside the building as well as more sunlight to reach the residences interiors. Apart from this communal courtyard, each unit is given their own private balcony space and immediate exterior access. Burbank Apartment also includes ground floor vehicle and bicycle parking, in-unit washer / dryer, a communal recreation room and a lavish landscaped outdoor area. The footprint of the building is designed around existing trees which will shape a communal space for residence and the local community. The planters around the development act as a buffer for air pollution and noise pollution from the density of its location. Burbank Apartments also contributes to sustainable development by providing solar power and rainwater retention with storage and irrigation system. Unit mix: 6 (1 + 1) 2 (2 + 1) 20 (2 + 2) and 10 (3 + 2) 73 Parking spaces (64 Tandem 9 single) 38 Bicycle parking. Currently its flat land.

8747 Sepulveda Boulevard

Price: $8,300,000
Units Total: 38
Lot Size: 17,655
Living Area: 24,256
Year Built: 2010
Parking: 1
Days on Market: 41
Description: The Vista North Hills is a luxury 55 + senior apartment. Built in 2010 The units boast stainless steel appliances, granite counter tops, designer cabinetry, 9 foot ceilings with recessed lights and crown moldings. Most units has their own stackable washer / dryer, balcony, on demand water heater, individual air conditioning units and meters for electric, gas and sub meter for water usage. The property consists of 38 units with approx. 3000 sq.ft recreational roof top with 360 degree views. Built to ADA standards and accessibility. The parking is ground level with controlled access.

Norwalk, 12235 Alondra Boulevard

Price: $9,450,000
Units Total: 37
Lot Size: 15,590
Living Area: 23,497
Year Built: 1964
Parking: 52
Days on Market: 120
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.

Newhall, 24842 NEWHALL Avenue

Price: $8,400,000
Units Total: 36
Lot Size: 47,558
Living Area: 24,448
Year Built: 1969
Parking: Yes
Days on Market: 114
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.

Los Angeles, 1517 West 8TH Street

Price: $3,900,000
Units Total: 34
Lot Size: 12,889
Living Area: 39,447
Year Built: 2018
Parking: Yes
Days on Market: 108
Description: CBRE, Inc., as exclusive advisor, is pleased to present this RTI 34-unit multifamily project in exciting City West, DTLA adjacent. Just reduced 600k ( $70k / buildable unit unentitled, $114k / buildable RTI). 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: $9,995,000
Units Total: 34
Lot Size: 30,000
Living Area: 34,471
Year Built: 1964
Parking: Yes
Days on Market: 85
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: 691
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: 83
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: 451
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.