Residential Income, California | Page 1 -001-11-30T00:00:00-08:00
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Buena Park, 5941 Burnham Avenue

Price: $1,080,000
Units Total: 17833
Lot Size: 8,276
Living Area: 2,736
Year Built: 1962
Parking: 3
Days on Market: 7
Description: Turnkey and Regular Sale! This is a wonderful opportunity to own a remodeled 3-unit complex! All units are 2 bedrooms, 1 bathroom, and have been tastefully remodeled with a contemporary design. The kitchens feature custom cabinets, countertops, as well as stainless steel appliances, while new floors grace all the units. All the bathrooms have been upgraded with new sinks, vanities, and steam showers. Other upgrades to note for all units include brand new wall mounted AC units with remotes, home automated lights in the living rooms, brand new garage motors and doors, and new fixtures throughout. All units come with their own laundry hookups, 1 garage space and 1 parking spot per unit. The property is in close proximity to the 5 and 91 Freeways, and is perfect for investors or for the landlord who wants to live on site and rent out the other units!

Upland, 890 North Redding Way

Price: $895,888
Units Total: 3572
Lot Size: 7,980
Living Area: 3,821
Year Built: 1962
Parking: 4
Days on Market: 186
Description: Location! Location! Location! Excellent investment property in the prime area! Fourplex single story units that are all facing courtyard. Conveniently located and close to everything like Schools, Shopping Mall, Restaurants, Theaters, Markets and Groceries. Just minutes to 10 and 210 FWYs.

Upland, 880 North Redding Way

Price: $895,888
Units Total: 3532
Lot Size: 7,980
Living Area: 3,821
Year Built: 1962
Parking: 4
Days on Market: 186
Description: Location! Location! Location! Excellent investment property in the prime area! Single story fourplex that are all facing courtyard. Conveniently located to everything like Schools, Shopping Mall, Theaters, Markets and Groceries. Just minutes to 10 and 210 FWYs.

Rialto, 343 West Ramona Drive

Price: $698,000
Units Total: 2808
Lot Size: 15,624
Living Area: 5,810
Year Built: 1962
Parking: 8
Days on Market: 211
Description: Family friendly, 8-plex Fully occupied, Great Investment property! Yes 8 units, 2 units at 1 bedroom and 1 bath, 6 units at 2 bedrooms, 1 bath. Property has a large lawn for kids to play on and a lease coin laundry facility. The rear of the property has alley access with one cover carport spot per unit. Guest parking on public street. Security gate at the back to give safe and fun for kids. Handicap friendly. Close to freeways and amenities. Many upgrades newer windows, newer exterior paint. . Great for 1st time buyers who want to own and rent. This property is an ideal investment: great cash now Great cash flow, excellent location in Rialto, close to schools, restaurants and transportation, make it a must see! PLEASE DO NOT DISTURB THE TENANTS.

Van Nuys, 14742 VANOWEN Street

Price: $2,888,000
Units Total: 2263
Lot Size: 14,200
Living Area: 10,696
Year Built: 1972
Parking: Yes
Days on Market: 37
Description: 16 unit apartment building with off-street parking lot – some covered parking. NOTE: form only allows 13 lines. #106 $930 / $1095; #105 $750 / $1095; #107 $815 / $1095. View folder named DOCUMENTS for more info. There is also a small unused unit on COO as “rec room”; laundry room. Convenient location to bus lines, hospital, retail, schools, etc. To be sold AS IS. Do not disturb occupants or manager. Tenants pay their own DWP bill; gas is paid by landlord. Each unit has gas wall heater and gas stove; wall or window a / c. Units have been upgraded as they become vacant. Laundry room facilities contracted AVWS year 2 of 5. ALL information is to be verified by buyer.

133 South KENMORE Avenue

Price: $1,200,000
Units Total: 536
Lot Size: 6,856
Living Area: 4,090
Year Built: 1923
Parking: Yes
Days on Market: 2
Description: Excellent investment or owner-user opportunity in desirable Korea Town. Spanish style fourplex built in 1923 with three 2-bed / 1.5-bath and one 1-bed / 1-bath. Each unit has it’s own laundry, tons of windows and dual entrances. The vacant unit can be delivered with or without tenants. Property is sold ‘AS-Is’ condition. Buyer and Buyer’s agent are responsible for their own due diligence to verify and investigate all information regarding subject property.

Azusa, 212 South Azusa Avenue

Price: $20,600,000
Units Total: 96
Lot Size: 138,334
Living Area: 78,656
Year Built: 1960
Parking: 204
Days on Market: 100
Description: Triqor Group is pleased to present Tribeca Apartments, a 96-unit garden-style apartment community located in Azusa, California. Tribeca was built in 1960, boasting well designed, spacious units with many units having been upgraded to earn premium rents. New ownership will be able to continue the proven model with the remaining units and further boost NOI growth. In addition, the buyer can take advantage of assuming the in-place loan which is better than the current market financing. Tribeca Apartments offers an astute investor the opportunity to purchase a well located, well-maintained, institutional quality asset with over 10% upside in rents and a mid-5% cap rate on market. The Tribeca Apartments is strategically located near Interstate 210 with frontage on Azusa Ave, the city’ s major north / south thoroughfare. The property is 3.5 miles east of the 605 Freeway and 5 miles west of the 57 Freeway. The property is surrounded by major employment, retailers and a rapidly growing population. Additionally, Tribeca is in close proximity to higher education institutions including Azusa Pacific University and Citrus College. Tribeca is 1 mile from the new Downtown Azusa train station for the Foothill Gold Line, further connecting tenants to Downtown LA.

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: 342
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.

Gardena, 13605 South Vermont Avenue

Price: $11,000,000
Units Total: 66
Lot Size: 61,299
Living Area: 37,494
Year Built: 1962
Parking: 70
Days on Market: 3
Description: *Mix of 1 and 2-Bedroom Units, * Private Patios, *Individual Water Heaters, *Rental Upside For a New Owner, *Located Along Main Thoroughfare, * $166,667 Per Unit, *No Rent Control

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: 342
Description: BACK ON THE MARKET! Just fell out of escrow – Smoke Tree Villas – 51 studio apartments and 2 one bedrooms units; rarely a vacancy. Attractive Pool, Spa, very well maintained. Located just off Hwy. 111 adjacent to shopping, restaurants, minutes to downtown Palm Springs and Palm Springs international airport. Includes an approximate 1 acre of vacant land for expansion. Property information sheet is attached (click on staple above)

Inglewood, 919 South Prairie Avenue

Price: $8,495,000
Units Total: 50
Lot Size: 30,827
Living Area: 22,861
Year Built: 1959
Parking: 44
Days on Market: 29
Description: The subject property is a 50-unit apartment building across the street from the City of Champions NEW NFL Stadium which will be known as L. A. Stadium and Entertainment District at Hollywood Park. In accordance with the current zoning, FAR and City Planning of Inglewood, the potential upside would be to re-develop a 6-story mixed-use hotel with residential units.

Barstow, 101 West Buena Vista Street

Price: $2,350,000
Units Total: 48
Lot Size: 8,979
Living Area: 32,880
Year Built: 1965
Parking: 0
Days on Market: 119
Description: “Coldwell Banker Commercial’s Basen and Schendel is proud to present this investment opportunity of 48 units located in Barstow, California. This property is strategically located near the Barstow High School, the hospital and minutes away from the I-15 freeway. The property is priced competitive offering of a 7% Cap rate at list with the opportunity for a 10% cash on cash return in year 1. The units are stabilized with long term owners with approximately 40% of the units currently under rented providing significant upside in years 1-5. ” “Barstow has significant growth potential as its is home to the United States Army National Training Center at Fort Irwin, Marine Corps Logistics Base, NASA’s Goldstone Deep Space Network, Veterans Home of California and Burlington Northern Santa Fe Railroad’s classification yard. Barstow has four major thoroughfares Interstates 15 and 40, and State Routes 58 and 247 all converging in Barstow, the city is a major transportation corridor with more than 60 million people in 19 million vehicles traveling through it each year. “

Los Angeles, 5406 LEXINGTON Avenue

Price: $7,975,000
Units Total: 42
Lot Size: 7,501
Living Area: 25,048
Year Built: 1928
Parking: Yes
Days on Market: 11
Description: The Edgemont is a 42-unit apartment building located in the Hollywood area of Los Angeles. The property consists of a four-story brick structure, plus two penthouse units on the fifth floor over a partial basement. Included with the property is a parking lot for approximately 14 vehicles. All units are master metered for utilities. The property has a center hallway design with two staircases and an elevator. All entrances are secured. There is a small lobby at the front of the property as well as a laundry room and additional storage rooms in the basement. The property is situated on a cul-de-sac and has excellent freeway visibility that provides great leasing exposure. The property boasts architecturally unique features such as four turrets on the upper floor. The unit mix consists of 32 studio apartments with a bathroom and full kitchen, eight units that are one-bedroom with one-bathroom and a full kitchen, as well as two units on the fifth floor that are studios.

2991 Mountain Avenue

Price: $3,120,000
Units Total: 40
Lot Size: 48,351
Living Area: 28,599
Year Built: 1980
Parking: Yes
Days on Market: 373
Description: Highlights: Competitive Offering CAP Rate of 6.21 %, Competitive Offering Actual GRM of 8.80, Rental Comparables Illustrate a 97 % Occupancy Area, 7% – 8% Upside In Potential Rental Income, the property offers Gated, Covered Parking wioth Many Interior Units Having Been Updated. BBQ / Pool Area, Onsite Laundry, Non-Rent Control Community and Area. The Mountain Avenue Apartments are situated on a large 1.11 acre lot. This forty unit apartment community is composed of 20 one bedroom / one bathroom units and 20 two bedroom / one bathroom units. The property has had numerous interior and exterior updates. Contact for the full offering. The Apartment community is located in the East Lynwood Drive / Del Rosa Avenue area. The areas real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and apartment complexes. Many of the residences in the East Lynwood Drive / Del Rosa Avenue neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999. Home and apartment vacancy rates are 5-10% East Lynwood Drive / Del Rosa Avenue area.

2995 Mountain Avenue

Price: $3,120,000
Units Total: 40
Lot Size: 48,391
Living Area: 28,598
Year Built: 1979
Parking: 80
Days on Market: 359
Description: Highlights: Competitive Offering CAP Rate of 6.24 %, Competitive Offering Actual GRM of 8.73, Non-Rent Control Community and Area, Rental Comparables Illustrate a 97 % Occupancy Area, 7% – 8% Upside In Potential Rental Income. Some Interior Units Have Been Updated, property has BBQ / Pool Area, Onsite Laundry, and Gated, Covered Parking. The Mountain Plaza Apartments are situated on a large 1.11 acre lot. This forty unit apartment community is composed of 20 one bedroom / one bathroom units and 20 two bedroom / one bathroom units. The Apartment community is located in the East Lynwood Drive / Del Rosa Avenue area. The areas real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and apartment complexes. Many of the residences in the East Lynwood Drive / Del Rosa Avenue neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999. Home and apartment vacancy rates are 5-10% East Lynwood Drive / Del Rosa Avenue area. Analysis shows that this rate is lower than 40% of the neighborhoods in the nation, approximately near the middle range for vacancies.

Los Angeles, 330 North PATTON Street

Price: $3,195,000
Units Total: 36
Lot Size: 11,184
Living Area: 27,771
Parking: 48
Days on Market: 471
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

Los Angeles, 503 South UNION Drive

Price: $4,395,000
Units Total: 36
Lot Size: 8,105
Living Area: 22,141
Year Built: 1924
Parking: 0
Days on Market: 8
Description: The Union Drive Apartments, situated at 503 South Union Drive, is a 1920s-constructed apartment building that contains thirty-six studio apartments. Each unit has a kitchen and bathroom. The property is three stories constructed of wood frame and stucco. Electricity is individually metered and all other utilities are master metered and paid by the owner who has recently completed several upgrades and renovations to the property. There is no on-site parking but the property is within walking distance to several major bus stops as well as the Metro station, connecting the property to Downtown, Koreatown, and Hollywood.

Los Angeles, 350 South RENO Street

Price: $17,495,000
Units Total: 36
Lot Size: 14,254
Living Area: 38,612
Year Built: 1990
Days on Market: 2
Description: 350 S. Reno Street is an excellent opportunity to acquire a true pride of ownership property in one of the best rental locations in prime Koreatown. The property was built in 1990 and is NOT subject to rent control, allowing for significant and immediate rental upside. This extremely well maintained property boasts a great unit mix consisting of all 2 bedroom 2 bath units, with 6 of the penthouse units featuring dramatic loft style units. All of the units are spacious, have a terrific floor plan, and offer an abundance of natural light. Most units feature upgraded and luxurious amenities including stainless steel appliances, quartz or granite countertops, hardwood floors (pergo), spacious kitchens / bedrooms / bathrooms, large balconies, and central heat and air conditioning. Other property features include copper plumbing, tenant storage areas, a laundry room on each floor, security cameras, and gated parking consisting of side by side and tandem spots.

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: 244
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.

Los Angeles, 825 CROCKER Street

Price: $3,000,000
Units Total: 33
Lot Size: 6,697
Living Area: 13,371
Year Built: 1908
Parking: 0
Days on Market: 25
Description: Beach and Urban exclusively presents a Modern Classic Single Resident Occupant (SRO) Commercial Asset. 33 Units Located in the gentrifying Fashion District of Los Angeles, California. Huge upside in repositioning asset. Sweeping Downtown city views from roof. 1st time on market in over 30 yearsAll electrical has been completely overhauled. Roof has been completely redone. 93% Occupied.

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: 4
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.

10791 Palma Vista Avenue

Price: $5,600,000
Units Total: 32
Lot Size: 38,333
Living Area: 20,098
Year Built: 1961
Parking: 44
Days on Market: 102
Description: Palma Vista Portfolio is a 32-unit multifamily investment property located on Palma Vista Avenue in the city of Garden Grove, California. Situated on four parcels totaling 0.88-acres, the portfolio consists of four, 8-unit apartment properties with 100 percent one-bedroom floor plans.

Santa Monica, 834 4TH Street

Price: $17,950,000
Units Total: 32
Lot Size: 15,298
Living Area: 32,856
Year Built: 1972
Parking: Yes
Days on Market: 11
Description: A + + Location! Very Rare Investment Opportunity. Only changed ownership once in about past 30 + Years. Almost a 3% CAP, less than $550 per sq ft and about $561,000 cost per unit. About 30% to 40% upside in rents, 5 units will be delivered vacant at Close of Escrow. Some of the features include Swimming Pool, Gym, Elevator, On Site Laundry, Copper plumbing, Tenant Storage Spaces, Controlled Access Entry, Subterranean Parking. Please see Docs section for Offering Memorandum. Also, please see listing on MLS at 16100 Sunset Blvd., Pacific Palisades, CA. Non Rent Control, 20 units built in 1995. $15.2 million.

Los Angeles, 5937 Avalon Boulevard

Price: $4,450,000
Units Total: 31
Lot Size: 16,284
Living Area: 28,648
Year Built: 1920
Parking: 10
Days on Market: 46
Description: This building is a 2 story walk up with 4 stairways located on 59th St, Avalon and the rear of the building. The unit mix is comprised of 9-One bedroom / one bath, 13-Studios, and 9-commercial units. Due do the age of the property it is subject to rent control for the apartments. Utilities are separately metered for gas and electricity. The building rents out the 10 parking spaces in the rear to the tenants. There is a long term lease of the parking lot which owner pays the neighboring property. There is a laundry room for tenants to use that generates income and a leasing office that can be use for collection of rents and management. Parts of the building was updated in the last 10 years. This 31 unit mixed use building is 28,648 sq.ft. The property is ideally situated just south of the downtown business district and east of the 110 freeway. As market conditions continue to improve, the property will allow for rental increases for both the apartments and the commercial spaces. There is currently a mortgage balance of approximately $2,000,000 at a rate of 4.3%. This loan is assumable. Must qualify with bank. Do not walk or enter property without prior consent.