Residential Income, California | Page 1 -001-11-30T00:00:00-08:00
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Santa Ana, 1001 West Stevens Avenue

Price: $29,250,000
Units Total: 10
Lot Size: 820
Living Area: 0
Year Built: 1972
Parking: 10
Days on Market: 45
Description: REDUCED PRICE! Best ROI on the market! But that’s just the beginning. This is a truly unique opportunity to have an income property better than anything else on the market. This offering consists of 10 units located in the highly desirable South Coast Metro area (1001 W. Stevens). There are 9 two-bedroom units and 1 three-bedroom unit that are fully rented with seasoned tenants and ROI calculations that are based on REAL (not projected) numbers, which means your Buyer gets condominium benefits along with apartment building convenience and revenue. Under the same ownership for over TEN years, the units have a proven track record of low vacancies (1% average), low operating costs and smooth and consistent operation. And because this is a planned community, most of the larger expenses (Insurance, landscape, utilities) as well as big-ticket capital expenses (roofs, paint, pools, termite, etc.) are included in the low HOA dues which means (best part) they are ALREADY included in the ROI projections. Few (if ANY) other listings on the market make such considerations or can boast REAL (not projected or potential) rents and expenses. Lastly, the condo community has undergone a major renovation over the past several years. Termite, roofs, pools, paint, balconies (and more) have been replaced and won’t need to be done again for years to decades. Contact selling Broker for more details not listed in this narrative.

1001 South ILIO MARE THASSOS KAVALA GREECE

Price: $27,930,000
Units Total: 135
Lot Size: 220,000
Living Area: 0
Year Built: 2003
Parking: 200
Days on Market: 1725
Description: One of a kind 5 star hotel in the unspoiled island of Thassos, near famous Ancient ruins and 2 traditional preserved mountain villages, from the pirate times. Favorite destination of honeymooners, famous for its beach weddings amidst the high palm trees. Exclusive 300 meters wide golden beach with turquoise waters of unparalleled beauty and purple sunsets, possibly the best in the whole of Greece. Natural beauty and true luxury combination at its best137 exquisite rooms and suites, -300 beds- conference room for up to 300 people, tennis court, 3 restaurants including a seaside one, and 4 bars. One of a kind wrap around pool, especially designed to be safe for children, and the incredible luxury suites, provide for a memorable family vacation. Please visit the website for breathtaking pictures and full description of the property. Agents please read Private Remarks

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: 235
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.

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: 383
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: 384
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.)

San Luis Obispo, 60 Casa Street

Price: $21,000,000
Units Total: 32
Lot Size: 61,420
Living Area: 23,370
Year Built: 1984
Parking: 60
Days on Market: 104
Description: Student housing complex very close to Cal Poly, SLO. 32 units in 7 buildings. Townhome style units are 2 bedroom 2.5 bathrooms. One unit is a 3 bedroom. All units remodeled with granite counter tops and hardwood floors. There are approximately 60 total parking spaces, 6 of which are covered. There is a common area located at the interior side of the buildings with BBQ pits and a picnic area. There is an onsite laundry room. This student housing complex is just. 25 miles from Cal Poly and 8 miles from Cuesta College. Sierra Vista Medical Center is on the same block. All units are rented unfurnished and on 1 year leases.

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: 47
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.

Bellflower, 10062 Belfair Street

Price: $15,300,000
Units Total: 0
Lot Size: 5,833
Living Area: 43,508
Year Built: 1953
Parking: 0
Days on Market: 90
Description: PORTFOLIO OF 30 SINGLE FAMILY HOUSES located in Long Beach, Carson, Downey, Norwalk, and Lakewood. Fully rented Average valuations range from $400,000 to $600,000 CLICK ON SUPPLEMENTS FOR COMPLETE PORTFOLIO

Agoura Hills, 5250 Chesebro

Price: $14,425,000
Units Total: 18
Lot Size: 40,946
Living Area: 28,573
Year Built: 2018
Parking: Yes
Days on Market: 44
Description: APN: 2052-008-017 and 018. CBRE is pleased to present an opportunity to acquire 18 newly constructed townhome style apartment units in the desirable Agoura Hills submarket. Each unit feels like a home with private two-car attached garages. The community offers such amenities as beautiful outdoor barbecue entertainment areas, a hot tub spa, and a dog run. The property received its Certificate of Occupancy in March 2018 and is currently in its lease-up phase. Served by the highly regarded Las Virgenes Unified School District, Agoura Hills is among the most coveted areas to live in the United States and is listed as one of “SafeWise 50 Safest Cities. ” Agoura Hills boasts outstanding demographics, with an average household income of over $180,000, a highly educated populace and a vacancy rate of only 3.1%.

Hollywood, 1836 North Gramercy Place

Price: $12,995,000
Units Total: 28
Lot Size: 20,038
Living Area: 19,665
Year Built: 1964
Parking: Yes
Description: Gramercy Hollywood is an ultra-slick, modern, recently renovated apartment community with top of the line amenities in a coveted location within Hollywood, California. Set on a 20,038 square foot lot, this attractive 19,665 gross rentable square foot property is crafted with structural simplicity, sleek finishes and clean lines. Originally built in 1964, the property offers open floor plans, exquisite attention to detail and an unbeatable location with superb freeway and bus access. 21 of the total 28 units have been fully renovated and are successfully achieving top rents for the market. The remaining 7 unrenovated units present a 20% + upside in rents. The unit mix includes 5 two-bedroom units, 17 one-bedroom units and 6 studios, for a total current scheduled monthly income of $60,012. With world-class shopping and dining, red carpet movie premieres, celebrated live theatre and over 70 brand-name retailers in the immediate area, the property’s location offers endless possibilities. It lies in close proximity to many local hotspots and iconic landmarks, including the Hollywood Walk of Fame, El Capitan Theatre, Dolby Theatre (home of the Academy Awards®) and TCL Chinese Theatre (formerly Grauman’s). The property also sits less than two miles from the major Hollywood and Highland entertainment center of Los Angeles.

1520 North El Camino Real

Price: $12,950,000
Units Total: 22
Lot Size: 20,489
Living Area: 28,311
Year Built: 2010
Parking: 58
Days on Market: 111
Description: Venetian Villas – Located in a premier beach city in Orange County, 1520 N. El Camino Real (Coast Hwy) is an extremely rare investment opportunity to own 22 condo mapped residential mixed-use units in North Beach San Clemente. Built in 2010, this Ole Hanson / Spanish design inspired building, features sixteen (16) spacious 2 bedroom 2 ½ bathroom villas and six (6) ground floor commercial suites. Each residential villa is well-appointed with gourmet kitchens, spa-inspired baths, resort-style bedrooms, in-unit laundry, private patios with mountain, city and ocean views. Relax and enjoy the rooftop lounge / observation deck with panoramic Pacific Ocean and Sunsets views. Elevator service whisks you to / from secured / gated parking structure to each / all floors. A short stroll to the beach, walking trails, dining, Metro Transit Station and ample shopping at the recently completed Outlets, the high Walk Score location (73) presents a uniquely rare opportunity to own a high-quality asset, capitalize on below market rents / built-in intrinsic value, and benefit from the high demand for Orange County Lifestyle Living on the coast.

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: 18
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.

Los Angeles, 4353 West 5TH Street

Price: $12,000,000
Units Total: 24
Lot Size: 13,374
Living Area: 25,435
Year Built: 1929
Parking: Yes
Days on Market: 102
Description: Chateau Laurier is a grand 4 story French Normandy building steeped in Hollywood lore. Designed by famed Hollywood architect Leland A. Bryant. Who designed the Sunset Tower Hotel and many other iconic LA buildings. Typical apartments have 9′ ceilings, arched doorways, crown moldings, hardwood floors, large fireplace mantels. The penthouse apartments have 18ft – 25ft cathedral ceilings and carved turret rooms. Chateau Laurier is a limited access building, with subterranean parking. Two beautiful original wood panel elevators with original oil paintings have been restored. Tenants enjoy the gorgeous views and close proximity to Hollywood, Koreatown and Downtown LA. Situated next to Hancock Park and less than 5 blocks from Wilshire / Western Metro Station. PURCHASE PRICE INCLUDES 453 S. Wilton (“The Durbin”).

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: 43
Description:

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: 61
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.

1544 Placentia Avenue

Price: $11,500,000
Units Total: 25
Lot Size: 38,333
Living Area: 20,823
Year Built: 1987
Parking: 25
Days on Market: 9
Description: Newport Seaside Apartments is a 25-unit multifamily investment property located in Newport Beach, one of the premiere coastal housing markets in Southern California. Built in 1987, Newport Seaside Apartments offers investors the opportunity to capitalize on the unique characteristics of Newport Beach to increase rental income by approximately 76 percent. Situated on a 0.82-acre lot, the 20,823 square foot property consists of two-bedroom and three-bedroom floor plans averaging over 830 sq.ft. Newport Seaside Apartments offers an attractive of amenities including on-site laundry, carport parking, balconies, and a playground.

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: 37
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.

Newport Beach, 900 East Oceanfront

Price: $11,000,000
Units Total: 6
Lot Size: 6,534
Living Area: 5,850
Year Built: 1971
Parking: 6
Days on Market: 112
Description: 6 Oceanfront 2 bedroom 2 bath apartments. Recently remodeled and furnished. Parking 1 space per unit. 70′ wide lot. Rented weekly, monthly or yearly by White Sail Realty management company. Must be purchased with 916 E Oceanfront and 919 E Balboa which are contiguous lots with mutual easement. Each lot has two 3 bedroom 2 bath units with parking. See NP18048168.

Newport Beach, 224 20th Street

Price: $10,995,000
Units Total: 3
Lot Size: 5,227
Living Area: 5,700
Year Built: 1964
Parking: 7
Days on Market: 120
Description: This extremely rare Balboa Peninsula Bayfront triplex has one of the most spectacular Newport Harbor, Fashion Island, Saddleback mountain, and city lights views in Newport Beach. With over 5,700 sq.ft of living space, this property has three full levels of living that is highlighted by the handsome 3,000 square foot owner’s unit; it features panoramic vistas, a living room with a dual sided fireplace, dining area, family room, a generous-sized kitchen with maple cabinetry, stainless steel appliances and granite countertops; a luxurious master suite with a fireplace, his and hers baths, two additional bedrooms with ensuite baths, a powder bath, laundry room, an office work area and a unbelievable rooftop deck with “jaw dropping” views and a jacuzzi. The two lower level units each have three bedrooms, two baths, fireplaces, great rooms with galley kitchens, a shared laundry facility, and big harbor vistas. The property features 48’of bayfront, a private pier and slips for two boats including a 70’; a 3-car tandem garage for the owner’s unit and two 2-car tandem garages each designated to the lower units. Located on a quiet street within easy walking distance of all of the fun of Newport Beach including the Newport Pier with its world-famous boardwalk, Blackies surfing beach, and great restaurants and nightlife. This property is perfect for an owner who seeks an “up or down leg” to a 1031 exchange, or for the owner who wants a luxurious owner’s unit and great rental income.

Glendora, 320 West Bennett Avenue

Price: $10,990,000
Units Total: 27
Lot Size: 116,829
Living Area: 31,796
Year Built: 1963
Parking: 60
Days on Market: 24
Description: The Sierra West is a 27-unit luxury single-story garden-style apartment community on the foothill area in the City of Glendora, California. This offering presents a rare opportunity for investor to acquire a well located and stabilized upgraded luxury apartment community in the foothill area of the San Gabriel Valley sub-market. It is in a strong demographics area with average household income of ±102,000 in a mile radius, located 3 blocks away from downtown Glendora “The Village”, and across the street from community of single family houses. The property was built in 1963 and is situated on an oversized lot of 2.64 acres (±115,000 sq.ft). The 27-units are spread out to 10 separate single-story buildings on different locations that create a spacious single family residential atmosphere for the tenants. It offers an excellent unit mix of six (6) 3 bedroom + 2 bathroom, eighteen (18) 2 bedroom + 2 bathroom, and three (3) 2 bedroom + 1 bathroom units, each with large private patio (±300 sq.ft). The buildings are comprised of wood frame and stucco construction with pitched, composition-shingle constructed roofs. The community is served by three laundry facilities, a gated swimming pool with men’s and women’s restroom, controlled access with intercom system, gated parking (west side entrance), covered parking, directory, water fountain, and much more! Each unit is a bungalow style single-story apartment complete with private large patio (average ±300 sq.ft).

Santa Monica, 728 MONTANA Avenue

Price: $10,500,000
Units Total: 9
Lot Size: 13,506
Living Area: 8,412
Year Built: 1999
Parking: Yes
Days on Market: 71
Description: We are proud to present to market “Montana@Lincoln Crossing”, a prominent Mixed Use asset located in the eternally hip city of Santa Monica along the fabled Montana Ave at the intersection with Lincoln Blvd. The asset is composed of two parcels: one that is the corner property that is 60 ft fronting Montana and 100 ft fronting Lincoln; and, a second that is 50 ft by 150 ft used for parking that is primarily entered off of Lincoln with an alley access to Montana. The 3 ground level retail spaces have mostly 5-year leases with extendable terms providing a high degree of income security. The 6 residential studio loft units above on the 2nd level have high ceilings and large private balconies, presenting a potential upside opportunity by realizing market rents in these premium units. 4 of the 6 units are not subject rent control. CALL FOR OFFERS on May 18.

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: 17
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**

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: 17
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.

Temecula, 36506 Via Verde

Price: $9,999,999
Lot Size: 430,373
Living Area: 16,000
Year Built: 1987
Parking: Yes
Days on Market: 142
Description: This established operating winery is located right on the De Portola Wine Trail in the very heart of the Temecula Wine Country. There are over thousands of wine club members and the winery has a fine reputation as an entertainment venue. A jazz band plays at the spacious covered patio overlooking the valley on weekends. This winery is a very popular location for weddings, family reunions and corporate events. Being the only dug-in wine cave into the hill in Southern California, the wine cave has over 10,000 sq.ft of indoor space to hold parties. The current annual production is about 9,000 cases and the wines have won several leading awards. There are 10 acres of land with the following grape varietals planted since 2005: 1.3 acres Merlot, 1.25 Pinotage, . 279 Mourvedre, . 465 Primativo, . 397 Petite Verdot, . 3 Petite Sirah, 1.25 Cabernet Sauvignon, 1 Malbec and 2.2 Cabernet Franc. The winery business has all the licenses required to operate and is in a sound financial footing. Along with wine-making equipment, there is also a kitchen to cater food for the events held on site.