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

Price: $25,000,000
Units Total: 239
Lot Size: 22,935
Living Area: 190,903
Year Built: 2017
Parking: 328
Days on Market: 380
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: 381
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: 27
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***

Inglewood, 9301 CRENSHAW

Price: $26,000,000
Units Total: 80
Lot Size: 144,956
Living Area: 81,243
Year Built: 1955
Parking: Yes
Days on Market: 232
Description: DO NOT DISTURB TENANTS OR MANAGER / NO PREVIEWS OR OPEN HOUSES / **NEW ATTRACTIVE PRICE** 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 / Approximately 43% 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, spacious balconies, private yards, and laundry rooms. This is a portfolio sale in which all 20 buildings must be purchased together. They include: 9301,9309,9317,9325,9333,9341,9401,9409,9417,9425,9433,9441,9501,9509,9517,9525,9533,9541,9601,9609 Crenshaw Blvd., Inglewood 90305.

1398 North Sierra Way

Price: $7,200,000
Units Total: 68
Lot Size: 144,183
Living Area: 53,776
Year Built: 1949
Parking: 0
Days on Market: 43
Description: Highlights; Competitive Offering Actual CAP Rate of 5.84 %, with a ProForma CAP Rate of 6.57 %, Offering Actual GRM of 10.49, with a ProForma GRM of 9.68 / Rental Comparables Illustrate a 98 % Occupancy Area. Rental Survey Completed 03/05/2018., $1,000,000 In Recent Property Improvements and Renovations Under Current Ownership. 60% of the Units Have Been Completely Renovated., Conservative 10% Upside in Potential Rental Income. Achieved through continued implementation of Government approved and funded programs., Currently only 30% of the Tenants are in Government funded program, allowing for future growth., 4 Units Have Fire Damage and Are Currently Under Complete Rehabilitation. Units to be Delivered per Seller in 100% Rent Ready Condition. The Mountain view manor apartments are located on a sprawling 3.31 acre lot. The property is composed of 10 + buildings, outbuildings, and cover parking structures for all units. This 68 unit apartment community possesses an attractive unit mix of 35 one bedroom / one bathroom units, 1 one bedroom / one and a half bathroom unit and 32 two bedroom / one bathroom units. Over 60% of the units have been completely renovated. Recent property improvements by current ownership exceed $1,000,000 and have been outlined below. Capital Improvements and Renovations: New Interior Paint New Flooring in units New Kitchen Cabinets and Countertops New Appliances New Bathroom Cabinets Updated Exteriors Exterior Paint and Fascia Improvements

Los Angeles, 2731 BEVERLY

Price: $9,899,000
Units Total: 65
Lot Size: 6,827
Living Area: 24,795
Year Built: 1927
Parking: Yes
Days on Market: 76
Description: Gorgeous prominent 4 story property in the heart of LA zoned as Hotel and being operated as residences. The property sits in the emerging Westlake District near Downtown LA. The area is referred to as “Rampart Village” and is quickly becoming the new Echo Park and Silverlake. This property has undergone major renovations including new copper plumbing, new waste lines, updated electrical system, restored lobby and common areas, updated windows, and many renovated units. The units are large bachelors with full bathrooms and small kitchenettes. These units are bright and have city views. The units rent like hotcakes. This is the perfect “VALUE ADD” deal as all the heavy lifting is done. As the units vacate a new owner will realize a substantial cash flow surge as the rents are 40% under value. Out of the 65 units – 30 units have been renovated!

Palm Desert, 40890 SANDY GALE Lane

Price: $8,772,000
Units Total: 51
Lot Size: 475
Living Area: 47,725
Year Built: 1985
Parking: Yes
Days on Market: 32
Description: Pacifica Real Estate Services, Inc. Is offering 51 condominiums for sale within the 100-unit, resort-style Royal Palms community in Palm Desert, California. The property was built in 1985 and just underwent a major common area and unit renovation in 2017-18; the common area improvements include newly-resurfaced swimming pools, new patio furniture, and water-efficient desertscape; the extensive unit improvements include new cabinets, stone countertops, lighting fixtures, electrical outlets, plumbing, wood-style tile flooring, new paint, and upgraded appliances. The 51 units owned by Pacifica and offered for sale consist of 49 two-bedroom units ranging from 925 to 1,200 sq.ft and two one-bedroom units with 750 sq.ft. With a per-unit sale price of $172,000, these beautifully renovated units are a great investment opportunity, well below the $250,000 sales price they commanded when sold individually in 2006.

447 South RAMPART Boulevard

Price: $7,050,000
Units Total: 48
Lot Size: 8,412
Living Area: 23,072
Year Built: 1924
Parking: Yes
Days on Market: 13
Description: 447 S Rampart Boulevard is a 5-story, 48-unit New York style, 1920s brick apartment building located in the heart the Westlake neighborhood, one of the hottest submarkets in Los Angeles. This extremely well-maintained / manages asset is made up of 37 singles (0 + 1), 4 singles + office (0 + 1 + Office), 6 one-bedroom, one-bathroom (1 + 1) units, and a unique 2-story single + large downstairs space apartment. The building features on-site laundry, a security camera monitoring system, and is master metered for gas (separately studded) and electric. There is also an adjacent on-site parking lot with 15 surface parking spaces. This property is being offered simultaneously with the contiguous street level parking lot and 18-unit building located at 450 S Benton Way, also listed by Listing Agent.

Los Angeles, 7200 HOLLYWOOD

Price: $12,925,000
Units Total: 44
Lot Size: 20,999
Living Area: 23,897
Year Built: 1953
Parking: 0
Days on Market: 15
Description: 7200 Hollywood Blvd. Is a forty-four (44) unit multi-family property located on the corner of N. Formosa Avenue and Hollywood Blvd. The property consists of four (4) bachelors, twenty-five (25) studios and fifteen (15) 1 BR + 1 Bath units. The apartment building comes with gated parking and a courtyard with a pool. The current rents are below market with approximately 35% upside in its current rents. The property is within a 1/2 mile of the famous El Capitan Theatre and Roosevelt Hotel. The property can be purchased individually as a stand alone 44 unit property, or as part of the four (4) property Hollywood Blvd. Portfolio; 7504 Hollywood Blvd., 7407 Hollywood Blvd., and 7451 Hollywood Blvd.

Arcadia, 855 West Huntington Drive

Price: $15,750,000
Units Total: 42
Lot Size: 55,507
Living Area: 34,972
Year Built: 1953
Parking: 66
Days on Market: 44
Description: Huntington Place – 855-875 W Huntington Drive is a prominent 42-unit value-add apartment community located in the highly desirable City of Arcadia, CA. This offering presents an extremely rare opportunity for investors to acquire one of largest apartment community in the affluent City of Arcadia, CA. The property is being offered as one of the highest CAP Rate and lowest GRM in comparison to Arcadia multifamily sales comparable in the past 12 months! The property is unique due to its size and its superb location just a block away from the highly popular Westfield Santa Anita Mall and Santa Anita Race Track, providing unparalleled access to some of the main attractions in the West San Gabriel Valley submarket. The property is located within the prestigious and desirable Arcadia Unified School District and enjoys superb demographics of $110,749 average household incomes within a 3-mile radius. It is surrounded by newer townhomes on its east and west side, and single-family residential community on its north side. The property is a two-story garden style apartment community with a beautiful center courtyard and ample parking in both the front and back. It was built in 1953 and has a total of ±34,972 sq.ft of building area on an oversized lot of ±55,503 sq.ft. The property consists of 3 different parcels and buildings.

9949 Sepulveda Boulevard

Price: $9,900,000
Units Total: 42
Lot Size: 37,462
Living Area: 32,162
Year Built: 1979
Parking: Yes
Days on Market: 145
Description: SOLID INCOME UPSIDE! 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 Bath 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.

401 West Glenoaks Boulevard

Price: $11,690,000
Units Total: 40
Lot Size: 31,030
Living Area: 16,620
Year Built: 1956
Parking: 42
Days on Market: 58
Description: PACIFICA – a 40-unit upgraded apartment community in the highly-desirable City of Glendale, California. This offering presents opportunity for 1031 exchange buyers or long-term investors to acquire a stabilized and extensively upgraded property with rental upside potential in a mature and strong location. The property is a two-story garden style apartment that was built in 1956 and has undergone extensive renovations in the past 5 years. The electrical system was upgraded from master meter system to individual meter for each unit. The landscaping has been completely redone and transformed into a tranquil setting with brick pavers and palm trees complete with outdoor seating area (modern-style patio furniture) and hanging garden lighting fixtures. Other major upgrades include copper plumbing, double pane windows throughout, new staircase deck and railings, completely refurbished pool area, new doors for upgraded unit, each windows A / C and wall heater has been replaced with new ductless split HVAC for upgraded unit, new fencing around pool area, new bike racks, and LED lighting fixtures for common area.

Los Angeles, 2130 FAIR PARK Avenue

Price: $11,795,000
Units Total: 36
Lot Size: 22,491
Living Area: 43,200
Year Built: 1971
Parking: 0
Days on Market: 40
Description:

14833 MAGNOLIA Boulevard

Price: $10,200,000
Units Total: 36
Lot Size: 29,291
Living Area: 31,378
Year Built: 1963
Parking: Yes
Days on Market: 14
Description: 14833 Magnolia Blvd is a thirty-six unit apartment building located in a highly desirable Sherman Oaks location which recently underwent an extensive exterior and common area renovation, as well as a number of interior unit renovations. There is an excellent unit mix of Four Singles, Eight One Bed / One Bath, Two Two Bed / One Bath, Twenty-Two Bed / Two Bath and Two Two Bed / Two Bath / Den Units. Built in 1963, this property is subject to rent control. The property offer residents a desirable Sherman Oaks location on Magnolia Blvd, just East of Kester Avenue. Residents are just a few minutes away from the Sherman Oaks Galleria, Sherman Oaks Recreation Center and plenty of dining and entertainment on Ventura Blvd. Located at the hub of the San Fernando Valley, convenient 101 and 405 freeway on-ramps allowed residents to easily access major employment and entertainment center of Los Angeles.

16850 CHATSWORTH Street

Price: $7,500,000
Units Total: 34
Lot Size: 26,817
Living Area: 24,787
Year Built: 1965
Parking: 0
Days on Market: 36
Description: Great value for a quintessential income property with huge potential to continue to upgrade units and rents and reap the benefits! This well-maintained 24,787 sq.ft, 34-unit apartment building is located at an excellent location in Granada Hills on a 26,817 sq.ft lot. The 34 units are compromised of (1) 3 bed unit (16) 2 bed units, (15) 1 bed units and (2) studio units. The majority of the units have been beautifully redone and renovated with building amenities including 32 gated parking spaces, a swimming pool, barbecue area and on-site laundry. Don’t miss out on this rare opportunity to own a well-positioned multi-family building with great upside, less than a mile away from a comprehensive range of local amenities; including restaurants, supermarkets, banks, and an assortment of retail stores.

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: 515
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: 274
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.

Santa Monica, 901 3rd Street

Price: $25,000,000
Units Total: 32
Lot Size: 15,021
Living Area: 38,918
Year Built: 1973
Parking: Yes
Days on Market: 119
Description:

Los Angeles, 4108 MARATHON Street

Price: $10,500,000
Units Total: 30
Lot Size: 10,535
Living Area: 24,520
Year Built: 1928
Parking: Yes
Days on Market: 14
Description: We are pleased to present 4056 and 4108 Marathon Street, a 30 unit apartment community plus a separate parcel providing parking, in one of L. A. ‘s most dynamic rental markets, Silver Lake / Virgil Village, CA (90029). 4108 Marathon Street, built in 1928, offers an exceptional unit composition featuring Twenty-Six (26) Large One Bedroom-One Bathroom and Four (4) Two Bedroom-One Bathroom apartment homes encompassing + / -24,520 sq.ft of improvements. The purchase also includes 4056 Marathon Street is a separate parcel included in the offering and provides 15 vehicle parking spaces. The parcel is zoned RD 1.5 in 4,250 sq.ft of land. Parking lot improvements include new asphalt resurfacing, restriping and new gate / fencing. 4108 Marathon Street has undergone a gut-level renovation of Fifteen (15) of the Thirty (30) apartment homes (50% of units). **Please email listings agents for Full Offering Memorandum**

Santa Ana, 1001 Riverine Avenue

Price: $6,250,000
Units Total: 30
Lot Size: 20,909
Living Area: 20,854
Year Built: 1982
Parking: 30
Days on Market: 26
Description: Riverine Apartments is a 30-unit multifamily investment property centrally located in the city of Santa Ana, California. The property enjoys easy access to local freeways, is close to major employers, schools, parks, and a number of small and large retail centers. Situated on a 0.48-acre lot, the 20,854 square foot property consists of entirely large, spacious studio units averaging 695 sq.ft. Built in 1982, the property offers amenities including on-site laundry, security doors, private balconies, an on-site rental office, and gated covered parking.

Los Angeles, 4080 REDWOOD Avenue

Price: $11,250,000
Units Total: 29
Lot Size: 23,846
Living Area: 17,088
Year Built: 1958
Parking: Yes
Days on Market: 34
Description: 3 Contiguous lots being offered with 29 units combined as a development opportunity in prime Silicon Beach and Del Rey art district. 23,846 sq.ft combined lot size situated in the midst of some of the largest developments underway in Los Angeles. Potential to build a large apartment complex or condo’s in one of the most sought-after area’s close to Playa Vista, Marina Del Rey and Venice Beach. This asset is currently comprised of 29 unit rental property with a mix of 7 studios, 8 (1 + 1) 13 (2 + 1) and 1 x 3 bd unit and 34 parking spaces. Rent raises are due in November and a current total GI of $457,331.00 annually still making this a financeable property in its current use. Historically a low vacancy area with high demand for rental units. Google, Snapchat, Yahoo, and Tesla to name a few of the surrounding companies calling Silicon beach their home along with new developments underway with movie theaters, world class Restaurants and shopping within walking distance.

Van Nuys, 7461 HAZELTINE Avenue

Price: $4,700,000
Units Total: 29
Lot Size: 20,251
Living Area: 19,028
Year Built: 1962
Parking: Yes
Days on Market: 29
Description: We are proud to have been selected to exclusively market for sale 29 units located in the neighborhood of Van Nuys, California. The property is comprised of an excellent unit mix of Seven- Studio / 1 Bathroom, Seventeen- 1 Bedroom / 1 Bathroom and Four- 2 Bedroom / 2 Bathroom units. The asset represents a true value-add opportunity with more than 40 percent upside in rents. Van Nuys is located in the central San Fernando Valley region of Los Angeles and is strategically located near pockets of economic and development activity. It is home to the Van Nuys Airport and the Valley Municipal Building, and is the only neighborhood in the San Fernando Valley with a population exceeding 100,000 residents. Additionally, the property is proximate to California State University, Northridge, Premier shopping and dining destinations; including Westfield Topanga, The Village and the Northridge Fashion Center.

West Covina, 1127 East Garvey Avenue

Price: $6,650,000
Units Total: 28
Lot Size: 33,829
Living Area: 0
Year Built: 1958
Parking: Yes
Days on Market: 109
Description: This is a rare opportunity to acquire 18,382 sq.ft West Covina Terrace Apartment, a 28-unit multi-family investment in West Covina, California. This offering presents opportunity to purchase a well-maintained property with so many upgrades inside the property. Situated in the most convenient location of West Covina, this property is across from the most prosperous Plaza West Covina, very easy to access Freeway I-10. This medium-sized multi-family Asset located in a market with solid demographics and unique accessibility to major employment hubs, providing access to a growing number of retail and restaurant amenities. The spacious unit mix consists of 4 studio units, 20 one-bedroom / one-bath units and 4 two-bedroom / one-bath units.

23756 Sunnymead Boulevard

Price: $3,200,000
Units Total: 28
Lot Size: 175,547
Living Area: 24,900
Year Built: 1960
Parking: 28
Days on Market: 6
Description: First time being offered in 30 years, subject property is 100% single story cottage style building is situated on a large lot of 4.03 acres. The property consists of six, one bedroom one bathroom units, fourteen, two bedroom one bathroom units, six, three bedroom one bathroom units, and two retail units. The property is non-rent controlled area with over 50% upside in rents resulting in 8.22% CAP rate. Neatly located on a highly visibility street with even higher visibility, and it has convenient access to Freeway I-60 and I-215. The city of Moreno Valley is located at the intersection of FWY 60 and 215, and bordered by the city of Riverside and Redlands. The city of Moreno Valley contains a median household income of $54,299 and a median home price of $316,200. Investors who are seeking a mixed-use property will be great for this type of property. This investment opportunity offers a stable cash flow and an opportunity to increase rents through renovation in one of the strongest rental markets in the Inland Empire.