Residential Income, California | Page 1 -001-11-30T00:00:00-08:00
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Rosemead, 8340 Mission Drive

Price: $1,399,000
Units Total: 16682
Lot Size: 8,449
Living Area: 3,643
Year Built: 2016
Parking: 3
Days on Market: 45
Description: 2 Separate Homes on One Lot~FRONT HOME (8340) offers 4 Bedrooms, 3 ½ Baths with 2,421 S. F. Of Living Space. Features Include: Central Air / Heat, 20 Ft. High Ceiling in Entry and Living Room, Crown Molding, Wainscoting, Tile Floors with Marble Accents, Hardwood Floors, Custom Plantation Shutters and Window Coverings, Recessed Lighting, Crystal Chandeliers and Custom Lighting, 8 Ft. High Interior Doors, Organizers in All Closets and Tankless Water Heater. Double Entry with Custom Wrought Iron Details and Staircase, Formal Living Room offers Fireplace and Formal Dining Area, Custom Gourmet Kitchen offers Custom Soft Close Cabinets, KitchenAid Professional Series Stainless Steel Appliances, Granite Counterops and Breakfast Bar, Family Room Offers Access to Covered Patio. One Bedroom Suite Located Downstairs with Large Laundry Room and Powder Room. Open Loft Upstairs, Huge Master Suite offers Walk-In Closet and Luxurious Master Bath with Jacuzzi Tub and Separate Shower. 2 Additional Bedrooms and Full Bath Upstairs. 2 Car Attached Garage with One Guest Parking, Private Front Yard REAR HOME (8342) offers 1 Bedroom and 1 Bath with 643 S. F. Of Living Space. Features Include: Central Air / Heat, Tile Floors, Quartz Countertops, Custom Window Coverings and Laundry Hookups in Garage. Large Family Room, Lovely Kitchen offers Custom Cabinets, Huge Bedroom, Den (Can be used as 2nd Bedroom), 1 Car Garage with 1 Guest Parking Available. Private Back Yard

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: 243
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: 243
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.

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: 157
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: 399
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.

Westminster, 7661 Baylor Drive

Price: $13,350,000
Units Total: 54
Lot Size: 65,776
Living Area: 44,487
Year Built: 1963
Parking: 80
Days on Market: 2
Description: Beach West Apartments is a 54-unit multifamily investment property centrally located in the city of Westminster, California. The property enjoys easy access to the local freeways, is close to major employers, parks, the beach, and a number of small and large retail centers. Situated on a 1.51-acre lot, the 44,487 square foot property consists of one-bedroom and two-bedroom floor plans. Built in 1963, the property offers amenities including on-site laundry and ample parking spaces.

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: 86
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.

La Crescenta, 3030 Montrose Avenue

Price: $15,600,000
Units Total: 38
Lot Size: 47,323
Living Area: 28,636
Year Built: 1973
Parking: 83
Days on Market: 12
Description: MONTROSE VILLA – 3030 Montrose Avenue is a 38-unit luxury apartment community in the highly desirable city of La Crescenta, California. This offering presents a rare opportunity for investors to acquire a very well located, non-rent-controlled, upgraded apartment community with an approved condo tract map in one of the strongest submarkets in the Los Angeles County. The property is a two-story, above parking, beautifully landscaped garden style apartment that was built in 1973 and has undergone extensive renovation in the past years. It is comprised of three buildings with a center courtyard, fenced swimming pool, jacuzzi, and situated on a large ±47,323 sq.ft (±1.09 acre) lot size. The property has a quiet ambiance and surrounded by single-family houses, condominiums and other area amenities such as churches and retail stores. It offers an excellent unit mix of two (2) x 3 bedroom + 2 bathroom, twenty (20) x 2 bedroom + 1 bathroom, and sixteen (16) x 1 bedroom + 1 bathroom units. Each unit is large and bright with an attractive layout. The 3-bedroom unit has an estimated size of ±1,050 sq.ft, 2-bedroom unit has an estimated size of ±800 sq.ft, and the 1-bedroom unit has an estimated size of ±650 sq.ft. Upgraded units have laminate wood flooring, upgraded kitchen with quartz / granite countertops and new kitchen cabinets, stainless steel appliances, completely redone bathroom with new vanity, new A / C units, ceiling fans, mirrored closet doors, and double pane windows.

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: 301
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: 61
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.

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: 86
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

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: 40
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

Cudahy, 5250 Elizabeth Street

Price: $6,500,000
Units Total: 26
Lot Size: 40,871
Living Area: 18,868
Year Built: 1925
Parking: 57
Days on Market: 19
Description: An multifamily investment opportunity of this size, potential, and quality is rare in today’s Los Angeles market. The property consists of 5 buildings totaling 18,868 rentable square feet on a very large 40,870 square foot lot. The property has an ideal unit mix of 24 Two Bed / One Baths and 2 Four Bed / Two Bath free standing units. Every unit is individually metered for gas and electricity and has ample parking for all tenants. There are a total of 57 available parking spaces. In addition, twelve of the units have their own water heaters and have individual, enclosed patios. The four bedroom units have their own private parking lot and enclosed patios as well. There are also community laundry facilities available for tenants. The property is NOT subject to rent control, and has potential upside in rents of up to 23%! A majority of the units have been significantly rehabbed. This rehab includes: tile and / or vinyl plank flooring, new paint, new granite counter tops and kitchen cabinetry, ceiling fans, new bathroom vanities, tile shower enclosures and other attractive finishes throughout!

Los Angeles, 2165 West WASHINGTON

Price: $6,000,000
Units Total: 26
Lot Size: 28,551
Living Area: 24,666
Year Built: 1924
Parking: Yes
Days on Market: 10
Description: Prime West Adams / Mid-City location. 26 total units including 10 commercial units, 12 apartments and a 4 unit all located at 2165 W. Washington Blvd. (APN 5074-015-002) and (5074-015-001); a parking lot at 2153 W. Washington Blvd. (APN 5074-015-022) and 1831 S. Oxford Avenue (5074-015-023) being sold together as a potential to reposition the asset. The property consists of 22 commercial units and mixed use buildings located at 2165 W. Washington Blvd. And 2153 W. Washington Blvd. On a 22,270 sq. Ft. Lot zoned LAC2. Rents are as follows: 10 Commercial= $16,310; 12 Upstairs Apartment Units= $12,732; 4 Units located at 1831 S. Oxford 1 + 1’s= $4,872. Good income producing property for now. Buyer to conduct own independent investigation in regard to any future plans. Please call for Listing Package.

4100 Harrison Canyon Road

Price: $3,000,000
Units Total: 25
Lot Size: 94,865
Living Area: 19,554
Year Built: 1963
Parking: Yes
Days on Market: 240
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: 79
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: 10
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.

Highland Park, 376 North Avenue 57

Price: $5,490,000
Units Total: 24
Lot Size: 19,986
Living Area: 16,671
Year Built: 1962
Parking: Yes
Days on Market: 128
Description: Highland Park Apartments – 376 N Ave 57 is a prominent 24-unit apartment community located in the gentrified neighborhood of Highland Park, CA. The property is strategically located within walking distance to Highland Park Metro Station. It is also within walking distance to elementary and high school and within minutes to the well-known Occidental College in Eagle Rock. It has superb access to Downtown Los Angeles via FWY 110, and minutes to FWY 2, FWY 134 and FWY 210. This property has been under the same ownership since 2000 and is the first time ever being offered for sale. The property is situated on a quiet, residential street surrounded by single family residential and apartment communities. There is several new residential development projects nearby that demonstrate the strength of local property market. The property is a very well maintained three-story garden style apartment community with a center courtyard and a fenced swimming pool. It was built in 1962 and is situated on a large 19,986 sq.ft lot size. It offers an attractive unit mix of two (2) 2bed + 1bath, twenty (20) x 1bed + 1bath, and two (2) large Studio units, and has a total of 22 parking spaces. It is separately metered for electricity and gas. The property is under rent stabilization ordinance (rent control). The property offers ±42% rental upside potential. Some of the units have been upgraded, giving buyer a head start and built-in rent comparable for their value-add plan.

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: 5
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.

Long Beach, 5465 East 2nd Street

Price: $5,170,000
Units Total: 23
Lot Size: 3,999
Living Area: 4,983
Year Built: 1947
Parking: 0
Days on Market: 130
Description: We are pleased to present an attractive 23 unit apartment building located in the beautiful area of Naples Island in Long Beach, CA. The subject property is situated less than one block from the ocean and walking distance to restaurants, shops, entertainment and retail stores on 2nd Street. This property contains (22) Studio / one-bathroom units and (1) one-bedroom / one bathroom unit. Built in 1947, the subject property was completely renovated inside and out in 2016. Exterior upgrades includes new windows, paint, full replacement of iron railings, wood structure upgrades, recent termite fumigation and redesign of all stonework. The property uses Solar Panels to drastically reduce the overall utility cost to the owner. Paid utilities are highly sought after on the rental market. Having a solar panel installation allows the building to offer all utilities paid as an incentive and a marketing differentiator while continuing to maintain lower than market utility costs. Interior upgrades include stone-counter tops, cabinetry, hardwood floors and new appliances. Nearby restaurants include Michael’s, Chianina Steakhouse, Roe Seafood, Nico’s, Riley’s and Brix at the Shore. The location is very bikeable as biking is convenient for most trips.

Santa Ana, 331 East Chestnut Drive

Price: $5,050,000
Units Total: 22
Lot Size: 19,713
Living Area: 13,742
Year Built: 1986
Parking: 36
Days on Market: 93
Description: Three buildings, 22 units. Three buildings, 22 units. Three buildings, 22 units. Three buildings, 22 units. Three buildings, 22 units. Three buildings, 22 units. Three buildings, 22 units. Three buildings, 22 units. Three buildings, 22 units. The Property is Located in High Rental Demand and High Employment Area of Santa Ana. Built In 1985. Total of 4 Buildings for 22 Units and 34 Parking Spaces. Each Unit Has It’s Own Water Heater. There are 14 Units are One Bedroom with One Bath (Current Monthly Rent $1,075, Market Rent $1,275). Another 8 Units are Two Bedrooms with TWO Baths (Current Monthly Rent $1,400, Market Rent $1,675). Total Monthly Gross Rent is $26,275. Annual Gross Income is $315,300 Plus Annual Laundry Income $5,100, Annual Expense Approx. $79,000, Annual Net Income $241,400. No Rent Control. Annual Gross Pro Forma Rent Approx. $370,800. Near BY Main St and Chestnut Dr. Walking Distance to Downtown of Santa Ana, Freeway 5, McDonald, Shopping Center and Bus Stations. Near BY Main St and Chestnut Dr. Walking Distance to Downtown of Santa Ana, Freeway 5, McDonald, Shopping Center and Bus Stations. Near BY Main St and Chestnut Dr. Walking Distance to Downtown Near BY Main St and Chestnut Dr. Walking Distance to Downtown of Santa Ana, Freeway 5, McDonald, Shopping Center and Bus Stations.

Lake Elsinore, 32986 Blackwell

Price: $1,995,000
Units Total: 22
Lot Size: 18,476
Living Area: 8,125
Year Built: 1960
Parking: 22
Days on Market: 127
Description: Current CAP rate at 5.04% and ProForma CAP at 6.07% with a current NOI of $100,496! Very well priced at $90,681 per unit. This is a great opportunity to own two well maintained and professionally managed multifamily apartment buildings with a total of 22 units within walking distance of the lake and a park. This is a package deal consisting of 2 separate properties with 2 APN’ s sold together. The 17586 Grand Building has an onsite laundry room with owned machines that both buildings share for additional income. The Grand Apartments consist of 8 units with 7 studios and a single 3 bed / 2 bath home. The 32986 Blackwell Apartments located across the street from the Grand Apartments consist of 14 studio units with tile floors and custom paint interiors making for very low turnover costs. Lake Elsinore is perfectly situated for commuters between Orange County, San Diego and the Inland Empire. Also see all the attached financial supplements (actual cash flows and rent rolls).

Whittier, 13112 Hadley Street

Price: $4,988,000
Units Total: 22
Lot Size: 15,178
Living Area: 17,127
Year Built: 1992
Parking: 24
Days on Market: 93
Description: Well maintained quiet neighborhood in the City of Whittier. “Bright and Hadley Building”. Built in 1991. Total 22 units mix building. Non-Rent Control. Inside total 17,127 sq. Ft on the lot size of 15,178 sq.ft. Downstairs has 12 units of Professional Offices. Upstairs has 10 units of Residential Apartments. Each unit has its own Central AC / Heating System and Water heater, new Dual Panel Windows, Crown Ceiling Molding, Wood Flooring. Upstairs are 10 Residential Units, 4 have 2 bedrooms / 2 baths, plus 4 units with 2 bedrooms and 1.5 bathrooms. 1 unit has 2 bedrooms and 1 bath and 1 unit has 1 bedroom and 1 bath. Total gross yearly rent approx. $333,271. The yearly expenses approx. $92,213. Annual yearly net profit is approx. $241,057. Upstairs has Laundry Room for Residential Tenant use. It is an excellent Investment Building for Long Term and Short Term Investors which allows the new Investor a great opportunity to increase the rents. An underground Gated Parking Lot. Nearby Whittier City College, Whittier City Hall, Post Office, Library and Whittier Old Town.

Los Angeles, 5437 VIRGINIA Avenue

Price: $4,400,000
Units Total: 22
Lot Size: 7,500
Living Area: 17,088
Year Built: 1929
Parking: 0
Days on Market: 5
Description: The classic Hollywood apartment building, the subject property was built in 1929, and two APN included 5536 009 006 and 009, (7) 2 bed 1 bath units, (9) 1 bed 1 bath units and (6) single units. Additionally, the building is separately metered for electricity. The property is very well maintained and has seen several recent improvements that include: all new wall-mounted heating and cooling units, new electric stoves, and new electrical panel. New dual pane vinyl windows and the foundation was bolted approx 6 years ago while the roof and building interiors were redone a few years ago.