Residential Income, California | Page 1 -001-11-30T00:00:00-08:00
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5807 LAUREL CANYON Boulevard

Price: $19,995,000
Units Total: 56
Lot Size: 26,087
Living Area: 42,524
Year Built: 1985
Parking: Yes
Days on Market: 263
Description: Its 25 acres of retail and entertainment destinations. More than 25% of the apartments have been completely remodeled to include in-unit washer / dryers, stainless steel appliances, quartz countertops, wood flooring, and upgraded bathrooms. A new investor may continue this remodeling program and apply the same blueprint to the remaining units in order to capture the asset’s significant rent upside. Constructed in 1985, NoHo Centre features an impressive amenities package, with central air / heat in all units, at least one balcony in every unit (except singles), large walk-in pantries in all units, at least one garage parking space per bedroom, a laundry room on every floor, an elevator, and a landscaped courtyard. The spacious floorplans range from 729 to 812 sq.ft for one-bedroom units, while the two-bedroom units average approximately 1,027 sq.ft each. Within the past year, the property has been upgraded with a new cool roof coating, new fence, and new garage paint.

725 South Westlake Avenue

Price: $17,950,000
Units Total: 172
Lot Size: 14,999
Living Area: 45,088
Year Built: 1925
Parking: No
Days on Market: 9
Description: 725 S Westlake Ave, The Olympic is a unique 172-room apartment building and hotel located in the heart of Westlake between 7th and 8th Street, adjacent to MacArthur Park; a location just over one mile to Downtown Los Angeles that is surrounded by new developments, employment and education opportunities that contribute to significant rent growth year-over-year in this rapidly gentrifying neighborhood. Built in 1925 the Olympic was originally a hotel which has been partially operated as 31 apartment units and 141 weekly rentals. 82% of the building is rented weekly for a rate of $225 per week plus a $25 key deposit, with up to three weeks stay. All 172 units are 150 square foot singles with private bathrooms but no kitchen. The building is comprised of four-story reinforced brick that features a massive lobby, two large basement areas, a courtyard, and the original Olympic Hotel signage. The north basement area has access to the back alley, this space could potentially be leased for additional income. This historic hotel has been features in movies, television commercials, and shows which provide an additional source of income for the current owner when leased for filming. This offering is a rare opportunity to acquire a 172-room historic hotel in Westlake with a 7.69% CAP when fully occupied at market rates and units are leased at market rates.

Laguna Beach, 160 Saint Anns Drive

Price: $17,500,000
Units Total: 4
Lot Size: 9,148
Living Area: 6,800
Year Built: 2008
Parking: 18
Days on Market: 171
Description: This magnificent oceanfront property designed by prestigious architect Paul McLean and masterfully built by Gallo Builders is truly one of Laguna Beach’s finest! Nestled on a bluff overlooking the Pacific, this stunning residence is the perfect family compound or investment opportunity. Each level’s floor to ceiling walls of folding glass and mahogany doors open to beach front patios creating breathtaking indoor / outdoor spaces to enjoy sea breezes, the sparkling ocean, sunset and Catalina views. Limestone floors on every level and patio along with mahogany windows and doors create a soft contemporary design and remarkably comfortable living space. The property features 8 bedrooms (7 ensuite), 9 bathrooms, 4 gourmet kitchens, a media room, multiple deck levels with bbq, al fresco dining and lounging areas, 4 fireplaces, air conditioning and 4 laundry areas. Plenty of room for multi-generation extended family gatherings! An extremely unique amenity is parking for up to 13 cars. A subterranean garage has 7 spaces, the upper garage has 2 spaces and there are 4 driveway spaces. The location of this trophy property provides access to absolutely ALL Laguna Beach has to offer. Enjoy walks along the water’s edge or the close proximity to Laguna village means a short walk to restaurants, shops and art galleries. This luxurious property can never be duplicated which makes it an opportunity of a lifetime. It’s time to make 160 Saint Anns your dream come true residence!

Hayward, 22189 South Garden Ave

Price: $16,000,000
Units Total: 48
Lot Size: 84,560
Living Area: 0
Year Built: 1963
Parking: 0
Days on Market: 116
Description: The Townhomes of Casa de Luna is made up of 48 units, consisting entirely of highly attractive two-bedroom townhouse units with rear outdoor patios. The property has a central parking area with secured vehicle and pedestrian entry. Value add upside potential has been proven by improving the kitchens with an island for extra counter space. Property has two laundry rooms offering significant additional revenue.

Van Nuys, 15309 West Cabrito Road

Price: $16,000,000
Units Total: 32
Lot Size: 16,814
Living Area: 43,366
Year Built: 2020
Parking: Yes
Days on Market: 145
Description: Investment Highlights – 100% Vacant -32 Spacious 2 Bed + 2 Bath units of varying sizes-Located in Qualified Opportunity Zone. -Can be delivered prior to Certificate of Occupancy for QOZ Tax Benefits (consult your accountant) – 2020 Construction-Extremely Low Maintenance and Expense Costs-Separately Metered for Gas, Water and Electric Costs -High End Finishes and Fixtures -In Unit Washer and Dryers-Ample Parking -Upgraded Security Camera System

Arcadia, 968 Arcadia Avenue

Price: $15,880,000
Units Total: 18
Lot Size: 36,193
Living Area: 34,000
Year Built: 2014
Parking: 44
Days on Market: 694
Description: Prime Arcadia 18 Unit condo newly built in 2014 with full tenant occupancy. All units are 3 Bedrooms 3.5 Bathrooms, two of three bedrooms are suites with attached two car garage. Great investment opportunity to keep as a rental income or you can sell each individual units if needed. Arcadia Schools and convenient to supermarkets and stores, CVS; LA Fitness; Post Office; Banks and Restaurants. For more details contact the listing agent thanks!

Tarzana, 18375 COLLINS Street

Price: $15,300,000
Units Total: 49
Lot Size: 41,601
Living Area: 44,427
Year Built: 1985
Parking: Yes
Days on Market: 472
Description: Custom built in 1985 by recently deceased original owner. High quality construction. 103 underground parking spaces. All units get 2 spaces. 38 1/1,9 2/2.5 townhomes and 2- 2/2. Very well kept and in excellent condition. This building has operated for over 25 years at 98 + % due to superior parking. The 2 spots per unit gives a definite competitive advantage.

Santa Barbara, 201 Bath Street

Price: $14,495,000
Units Total: 12
Lot Size: 15,246
Living Area: 0
Year Built: 1910
Parking: 6
Days on Market: 59
Description: Trophy property in Santa Barbara’s historic and coveted West Beach. This 12-unit fully furnished beautiful beach retreat is located just two blocks from the ocean at West Beach, walking distance to the Santa Barbara Pier, Santa Barbara Harbor, Funk Zone, fantastic world class dinning, and so much more. All suites are beautifully appointed with high-end designer appliances: wolf cook tops, subzero refrigerators and, dishwashers. The designer’s flair shows with the beautifully fully furnished appointments, high ceilings, washers / dryers, granite countertops, limestone floors, hardwood floors, custom cabinets, Waterford fireplaces, gorgeous spa like bathrooms, private patios / balconies, air conditioning, large gas grills, and venetian fountains. The benefits continue with off street parking, 6 garages and a full basement for housekeeping. And, so much more. The layout of 201 Bath lends itself to multiple uses or configurations: Ownership’s exclusive use of the two third-floor penthouses; use each floor as a residence, create townhouse layout; or use as twelve individual executive apartment suites. Benefits continue with the ability to add additional 3000 sq.ft of new living space that could be configured as one or two additional suites. This opportunity is due to the unique set back at the front of the property.

El Monte, 11690 Ramona Boulevard

Price: $13,500,000
Units Total: 47
Lot Size: 48,743
Living Area: 0
Year Built: 1964
Parking: 0
Days on Market: 6
Description: We are pleased to present the rare opportunity to acquire a 47-unit multi-family investment, located at flourishing commercial area in El Monte. Gated community and garden style apartment, mix with major Two Bedroom units. (17) One Bedroom and (30) Two Bedroom. A lot of potential for the next value add project. The subject property has new paint and renovation in selected units. Easy to access Freeway I-10 and I-605. Separated meter for electricity and gas.

312 North Roosevelt Avenue

Price: $12,750,000
Units Total: 72
Lot Size: 40,075
Living Area: 34,000
Year Built: 1979
Parking: 20
Days on Market: 195
Description: The Palm Retirement Center is a rarely offered 144 Bed Assisted and Memory Care facility located in Fullerton, California. The residential care facility (RCFE) consists of 108 assisted living beds and 36 memory care beds situated in separate wings. Amenities include a large dining hall and commercial kitchen, laundry facility, recreation rooms, library, salon, and two outdoor courtyards. The 34,000 sq.ft facility is situated on a 40,750 sq.ft lot and has been a home for assisted living residents since 1977. The Property is being offered a 6.3% cap rate on current income at 9% vacancy with major upside in rents and potential added value. Current ownership is a low budget “mom and pop” operation with substantially below market rents. According to the 2019 Genworth Cost of Care Survey, the average cost of assisted living per resident in the Los Angeles Metro Market is $4500 a month. Through modernization and professional management, an investor can acquire this asset and achieve significant upside in cash flow and value.

Studio City, 12659 MOORPARK Street

Price: $12,650,000
Units Total: 28
Lot Size: 35,458
Living Area: 33,384
Year Built: 1969
Parking: Yes
Days on Market: 738
Description: Located on nearly an acre of park-like grounds, this 28-unit building sits just north of Ventura Blvd. In a prime picket of Studio City. The location provides close proximity to restaurants, shopping, parks and freeways. The building has been lovingly maintained by the same family for over 2 decades, and several of the units have been updated w / hard surface flooring, stainless-steel appliances and other amenities. All but four of the units have town-home style layouts, with the bedrooms located upstairs and the living spaces situated on the ground floor. Tongue-and-groove ceilings, exposed beams, and other mid-century period details, imbue the units with charm and character. The roof was replaced in 2015. Unit mix consists of fourteen 1 + 1 bath units, 10 2 + 2 units and four 3 + 2.5 bath units.

Downey, 9252 Elm Vista Drive

Price: $12,500,000
Units Total: 20
Lot Size: 39,806
Living Area: 1,980
Year Built: 2008
Parking: Yes
Days on Market: 194
Description: This are 20 condominium complex

Santa Monica, 2805 3Rd Street

Price: $11,850,000
Units Total: 8
Lot Size: 7,750
Living Area: 8,112
Parking: Yes
Days on Market: 9
Description: Ocean 8 is a stunning 8-unit apartment building located in prime Santa Monica, CA. Newly redeveloped, the property consists of four two-bedroom, one-and-a-half-bathroom, two two-bedroom, two-bathroom, and two three-bedroom, two-bathroom units. Designed by award-winning Griffin Enright Architect, the stylish boutique building offers luxury living and a modern feel. The exterior is finished in a combination of concrete and steel and with subtle landscaping, tiled walkways, and lighting complimenting the look. Each unit features either a balcony, yard, or private deck with panoramic ocean views in select units. The property showcases ultra-clean lines and spacious, open floor plans. Units are equipped with brand-new appliances including a family hub smart refrigerator, gas range convection oven, and Caesarstone countertop. The bathrooms feature wall-mounted toilets, modern LED-lit vanities, wall-to-wall / ceiling porcelain tiling, and linear drains. Additionally, the bedrooms have custom-made wall-to-wall built-in closets and the living area contains a built-in tv and fireplace. Ocean 8 also offers state-of-the-art smart home technology including wifi thermostat, app-controlled lighting, Doorbird video intercom system, and security cameras throughout the building.

Sherman Oaks, 13951 Moorpark Street

Price: $11,850,000
Units Total: 34
Lot Size: 30,407
Living Area: 40,801
Year Built: 1964
Parking: Yes
Days on Market: 10
Description:

Venice, 2609 OCEAN FRONT Walk

Price: $11,500,000
Units Total: 4
Lot Size: 3,240
Living Area: 3,290
Year Built: 1969
Parking: 2
Days on Market: 255
Description: A rare opportunity that will be cherished for generations to come! This 4 unit income property is located directly on the sandy shores of Historic Venice Beach California. Offering an extra wide Pacific Ocean front lot, impeccable white water views and memorable sunsets. An ultra-prime location presenting views of Catalina Islands, Santa Monica and Malibu. The most sought out lifestyle in Los Angeles, a cultural haven for A-list celebrities and starving artist alike while just 7 miles from LAX. A lively bohemian vibe boasting some of LA’s finest eateries, incredible Farmers Markets, skating, biking, surfing, yachting and living life to the fullest. Develop this property into a family getaway, international destination rental or create your dream home in the heart of this amazing urban beach community. A generational asset available for the first time available in 40 years. Come enjoy the Ultimate Beach Lifestyle.

4742 Sepulveda Boulevard

Price: $11,025,000
Units Total: 21
Lot Size: 15,176
Living Area: 26,450
Year Built: 2014
Parking: Yes
Days on Market: 9
Description: 4742 Sepulveda Boulevard, a 21-unit turnkey property located across the street from the Sherman Oaks Galleria. Constructed in 2014, this well-maintained trophy asset offers ease of management with 100% rent collection throughout COVID and a 4% cash on cash return starting on day one. Situated just north of Ventura Boulevard, the subject property is located near numerous offices, crowd-favorite restaurants and shopping centers. The 26,450 sq.ft four-story building sits on a 15,276 sq.ft lot, and is comprised of (18) two-bedroom units and (3) studios. The two-bedroom units average approx. 1,200 sq.ft and studio units average approx. 620 sq.ft. Each condo-quality unit features wood / tile flooring, stainless steel appliances, granite countertops, washer / dryer and balcony (only for two-bedrooms). Property amenities include secured entry, elevator, several well-maintained community courtyards, spacious rooftop deck with panoramic views of the San Fernando Valley and approx. 36 parking spots in a gated subterranean garage. With strong in-place tenant profiles and a Class-A location in the heart of the San Fernando Valley, 4742 Sepulveda Boulevard presents the perfect long-term opportunity for any type of investor.

935 North San Vicente Boulevard

Price: $10,500,000
Units Total: 7
Lot Size: 6,710
Living Area: 11,944
Year Built: 2018
Parking: Yes
Days on Market: 47
Description: Presented for sale is 7west, a 7 unit non-rent-controlled building in prime West Hollywood, walking distance to the famous Sunset Strip and SMB. Designed by locally-based Lorcan O’Herlihy Architects, 7west has won multiple awards including Best of Year from Interior Design Magazine. This is not just an apartment buildingthis is a work of art. The first floor has 3 walk-up townhomes, each 2 BD, 2.5 BA, surrounding a peaceful courtyard with water feature and sitting areas. The other 4 units are on the 3rd and 4th floors, with no shared walls and 2 BD, 2 BA. Units have at least 3 exterior exposures, 10ft ceilings, LED lighting, Miele appliances, Leviton smart systems and LG washers / dryers. No expense was spared anywhere in this building. The seller has left 3 vacancies for buyer to have options. Lease up at current market rents or go furnished and hit a home run! Property is not subject to WeHo Rent Control, has recorded Tent. Tract Map and unrecorded Final Tract Map. Rentable SF is 9,565 sq.ft.

Oceanside, 4129 Waring Road

Price: $10,450,000
Units Total: 35
Lot Size: 64,904
Living Area: 30,328
Year Built: 1971
Parking: 36
Days on Market: 248
Description: Tri-City Gardens is a 35-unit multifamily investment opportunity located at 4129 – 4130 Waring Road, Oceanside, CA. Situated on a 1.49-acre lot the property consists of 4, one-bedroom units and 31, two-bedroom units. The property offers amenities including carport parking with storage, on-site laundry, and spacious courtyards.

Unincorporated, 4415 Woods Lane

Price: $10,000,000
Units Total: 8
Lot Size: 2,890,206
Living Area: 3,300
Year Built: 1950
Parking: 4
Days on Market: 160
Description: Do not go on the property without a written permission! Guard Dogs! Amazing opportunity awaits the right buyer. 67 Acers Horse lovers paradise. Spectacular home with full basement and elevator. Canning Room, Hay barn, 2000 sq. Ft. Garage with car pit. 5000 sq. Foot barn, cow weighing building. Redwood trees, peak-a-boo ocean view, year round creek with large pond, two water wells, many buildings and garages, very close to town and a 30 minute walk to Clam Beach. Many possibilities with 4 green houses, workshops, storage tanks, 20 stall horse stables and miles of riding trails back to thousands of acres. International opportunity within a few minutes to airport! A real gem.

Garden Grove, 13151 Monroe Street

Price: $9,900,000
Units Total: 24
Lot Size: 47,227
Living Area: 24,030
Year Built: 1979
Parking: 50
Days on Market: 124
Description: We are pleased to present the exclusive opportunity to acquire Monroe, a 24-unit apartment community located in a quiet, residential cul-de-sac in Garden Grove. Built in 1979 and situated on over an Acre of land, Monroe has ample tenant amenities and is comprised of an attractive unit mix of 100% 2 Bedroom 2 Bath units averaging almost 1,000 sq.ft. It has been meticulously maintained with over $1,375,000 in luxurious interior and exterior renovations that has attracted a top notch tenant base to ensure a reliable stream of cash flow. Every unit has been upgraded with high-end vinyl plank flooring, stainless steel appliances, quartz counter tops, durable white-modern cabinets, modern lighting throughout, double-pane noise reducing vinyl windows and modern white interior design paint scheme. The tenants enjoy oversized private balconies, generous private yards, a well-groomed common area courtyard equipped with barbeques, quaint and well-lit seating area, a sparkling pool and spa, as well as drought resistant low maintenance landscape. Additionally, the tenants benefit from 24 garage spaces as well as 26 surface spots. Monroe is a unique opportunity that combines the strong demographics and market conditions of this Orange County submarket with luxurious, strategic upgrades to attract the highest quality tenants in the most sought after location. Monroe will prove to be a high-yielding stable investment for years to come. Contact Listing agent for Marketing Package.

Arcadia, 515 Fairview Avenue

Price: $9,888,000
Units Total: 22
Lot Size: 44,896
Living Area: 20,210
Year Built: 1963
Parking: 46
Days on Market: 44
Description: 515 Fairview Ave in Arcadia, CA is a 22 Unit apartment property In a location on Fairview Ave in Arcadia’s 91007 Zip code, residents can easily connect with a number of nearby highlights. Arcadia school district! Great Investment opportunity in this convenient apartment in the heart of Arcadia. All Units are 2 bedrooms and 1.5 bathrooms home feature a wood floor, carpeting, and kitchen appliance. The 2nd floor has 2 Bedrooms. A lot of storage space. The 2-car parking space with each apartment. Close to transportation, restaurants, shops, parks, and Arcadia mall.

Los Angeles, 12770 Caswell Avenue

Price: $9,750,000
Units Total: 11
Lot Size: 7,114
Living Area: 11,979
Year Built: 2017
Parking: 18
Days on Market: 178
Description: The Caswell – Luxury Architectural Apartments by Teague Design. Located in the heart of Mar Vista, The Caswell is a limited collection of residences designed by experienced and attentive architect and developer Teague Design. The building blends a refined palette of finishes with modern functionality. The interiors are spacious, elegantly appointed, and uncompromising. Innovative space planning maximizes every square inch. Open concept chefs kitchen feature custom cabinetry and modern tiled walls with open shelving and stainless European appliances. Expansive windows throughout provide abundant natural light, with solid wood floors, Quartz countertops, Hansgrohe fixtures, in unit washer / dryer, marble bathrooms, designer light fixtures and soaring ceilings with views looking out to the Hollywood Hills and beyond (in select units). For investors seeking pride of ownership with luxury rental income prices. Opportunity for owner user.

Pomona, 1982 South Garey Avenue

Price: $9,500,000
Units Total: 20
Lot Size: 33,040
Living Area: 40,820
Year Built: 2020
Parking: 24
Days on Market: 352
Description: ” UNDER CONSTRUCTION”! GREAT INVESTMENT OPPORTUNITY! Brand new 20 units situated in a desirable rental market in the City of Pomona “12 Units are 2BR-2BATH plus a two private car garage, laminated floors wall to wall, with pro forma, projected rents of apx. $2,200 per month each and 8- Units are 1BR-1Barth and a single private car garage, flooring wall to wall with a proforma, apx $1,800 per month. The Units will feature: Laundry hookups in each unit, stainless steel appliances, custom cabinets and granite counter tops. Completion of construction estimated to be April 30th, 2021.

336 North Coast Highway

Price: $9,250,000
Units Total: 10
Lot Size: 9,148
Living Area: 8,789
Year Built: 1954
Parking: 4
Days on Market: 33
Description: Significant rental upside and current value add by converting property to original city permitted 11 apartments and 3 commercial spaces. The property is zoned Commercial and the City may entertain a permit allowing for weekly short-term rentals. If this is accomplished this may increase the property’s income and value substantially. The Gallery is an ideal opportunity for a investor to take advantage of purchasing a rarely-available commercial mixed-use property in the world class resort town of Laguna Beach, California. $300,000 Cap X spent the past 5 years: 80% new roofs, vertical plumbing lines, electrical, waste-lines, wood replacement and interior apartment upgrades. Partial interior renovations of the apartment homes include quartz counters in the kitchen and bathrooms, hardwood flooring and stainless appliance packages. The new owner will have the ability to to take over operations and take advantage of additional rental growth by increasing the income to market levels.