Residential Income, California | Page 1 -001-11-30T00:00:00-08:00
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Los Angeles, 953 South Broadway

Price: $20,900,000
Units Total: 163
Lot Size: 7,946
Living Area: 7,946
Year Built: 1941
Parking: 163
Days on Market: 277
Description: INCREDIBLE DEVELOPMENT OPPORTUNITY! ALL PLANS APPROVED AND PERMIT READY TO ISSUE The Broadway is a FULLY ENTITLED high-rise mixed use development situated on the northwest corner of Broadway and Olympic Boulevard in hip South Park, 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., 184,000 sq. Ft., 15 story residential condominium building offering 163 condominium units and a rooftop poo, spa and gym. Approved project plans feature: – Four (4) level subterranean parking garage offering 221 car parking spaces and 202 bicycle spaces. Plans call for 50 sq. Ft. Balconies on most units in the complex and 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 and Zinque Restaurant @ 939 S. Broadway. Staples Center, LA Live, LA Convention Center, Whole Foods, The Bloc, Grand Hope Park, Pershing Square and the LA Fashion District are all within 1 mile radius. Unit Breakdown: 1 Bedroom: 119 units, 2 bedroom: 44 units. APN: 5139003007,5139003008,5139003009 Zoning: [Q] C2-4D-CDO. 9.2 FAR allowed. Anticipated sales prices of around $950 / ft. For the residential units

5807 LAUREL CANYON Boulevard

Price: $19,995,000
Units Total: 56
Lot Size: 26,087
Living Area: 0
Year Built: 1985
Parking: Yes
Days on Market: 172
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.

Los Angeles, 11900 Courtleigh Drive

Price: $19,200,000
Units Total: 28
Lot Size: 16,851
Living Area: 0
Year Built: 2014
Parking: 53
Days on Market: 69
Description: Azure The Residences Apartments is a 28-unit multi-family investment property located in the submarket of Del Rey, one of LA’s most desirable Westside neighborhoods. The property is a new contemporary building with an impressive list of features and amenities including a + / – 4,000 sq.ft rooftop lounge with 360-degree views of DTLA, Marina Del Rey, Hollywood Hills, and the San Gabriel Mountains. Built in 2014, the 43,096 sq.ft building offers a sleek contemporary design with great curb appeal and is situated on a 16,851 sq.ft, LAR3 zoned lot that includes 53 garage parking spaces. The unit mix is comprised of 24 (3 bed + 2 bath), 1 (2 beds + 2 bath), and 3 (1 bed + 1.5 bath) units, jointly averaging 1,539 sq.ft. This is an exceptional asset in an extremely high demand / strong rental growth market and a rapidly improving neighborhood, ideally positioned to capitalize on the Silicon Beach tech industry and rapid development in the immediate vicinity.

Sherman Oaks, 14320 Addison Street

Price: $19,200,000
Units Total: 56
Lot Size: 44,573
Living Area: 0
Year Built: 1969
Parking: Yes
Days on Market: 121
Description:

Hollywood, 7070 Franklin Avenue

Price: $18,500,000
Units Total: 62
Lot Size: 25,926
Living Area: 35,378
Year Built: 1958
Parking: 0
Days on Market: 15
Description: 7070 Franklin Ave, Los Angeles, a 62-unit 100% VACANT value-add apartment investment opportunity located in the heart of Hollywood, CA. The property is a block away from the world renown Hollywood Blvd and literally within walking distance to the some of the most iconic Hollywood destinations such as El Capitan Theatre, Hollywood Walk of Fame, TCL Chinese Theatre, Hollywood and Highland, Madame Tussauds Hollywood, Yamashiro Hollywood. Because of this extremely great location, it has a Walk Score 93 out of 100, demonstrating “WALKER’s PARADISE” location to a variety of nearby amenities such as restaurants, shops, health clubs and entertainment venues. This offering presents the only TRUE VALUE ADD, 100% vacant investment opportunity in an iconic neighborhood of Los Angeles. The property has been in the same ownership since 1979. The property is three-story mid-high-rise apartment that was built in 1958 with ±35,378 sq.ft building size and situated on a ±25,931 sq.ft lot size. It has efficient unit mix and good number of parking spaces. The unit mix detail and floor plan can be found in the OFFERING MEMORANDUM. The property is bordering West Hollywood and has superb access to FWY 101, Santa Monica Blvd, and offers an easy commute to additional employment centers of downtown Los Angeles. BUYER TO PAY FOR BUYER’s BROKER FEE.

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: 80
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!

Costa Mesa, 1990 Maple Avenue

Price: $17,250,000
Units Total: 41
Lot Size: 84,071
Living Area: 37,392
Year Built: 1962
Parking: 69
Days on Market: 145
Description: Sundance West Apartment Homes is a rare 40 + 1 unit multifamily investment opportunity located in Costa Mesa, one of the premier coastal housing markets in Southern California. Situated on a combined 1.93-acre lot, Sundance West Apartment Homes consists of 1, non-conforming one-bed / one-bath unit, 20, two-bed / one-bath units, and 20, three-bed / one-and-a-half bath units. Built in 1962 and 1963, the property offers community amenities such as a swimming pool, carport and open parking, additional storage space, and six laundry rooms. In recent years, current ownership has invested capital into an interior renovations program that includes unit upgrades like new stainless steel appliances, quartz countertops in the kitchen and bathrooms, vinyl plank flooring, and much more. Currently, over 30 apartments have been fully renovated.

Laguna Beach, 2800 Ocean Front

Price: $16,999,999
Units Total: 3
Lot Size: 9,583
Living Area: 6,000
Year Built: 1963
Parking: 7
Days on Market: 116
Description: Are you ready to live your coastal dream? This is one of those once in a lifetime opportunities that may never come around again. Enjoy beachfront living ON THE SAND of coveted Victoria Beach. This incredible multi-family property on an almost 10,000 sq.ft lot has 60ft of beach / ocean frontage. The main home consists of 3 beds, 4 baths, and a den / bonus room adjacent to the sand. There are two additional 2bed, 2bath units, mirror images of each other, situated perfectly and privately above the main home to showcase the fantastic Pacific Ocean views. Rent out all 3 units, live in the main unit and rent the two units to help pay your property taxes, or simply just use the entire property as your private estate. Endless possibilities! Walls of glass expand throughout the main level of the home which beautifully frames everything there is to love about beach living: The sounds, smells, feel, and tranquility. Upgraded kitchen with luxury Dacor appliances, teak wood cabinetry, waterfall countertops, and glass tile backsplash. The sliding glass wall that opens to the deck off the family room is such a creative touch that really brings the outdoors inside. A spiral staircase leads you down to the bonus room which features a laundry room, a wet bar, lounging area, additional storage, bathroom, and 4 ocean-facing windows. Beach parking will never be an issue here with the 5-car garage plus additional space on the driveway. Amazing location near Montage and Laguna Village. Don’t hesitate!

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: 25
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: 0
Year Built: 2020
Parking: Yes
Days on Market: 54
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: 603
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: 0
Year Built: 1985
Parking: Yes
Days on Market: 381
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.

Pasadena, 251 North Oakland Avenue

Price: $14,350,000
Units Total: 27
Lot Size: 20,718
Living Area: 17,370
Year Built: 1954
Parking: 25
Days on Market: 277
Description: THE ARROYO COLLECTION, a two-property portfolio totaling 27-unit apartment investment opportunity in the City of Pasadena, CA. The portfolio is located within the Pasadena Playhouse District, south of 210 Freeway and just within walking distance to Old Town Pasadena area. The properties offer an investor the rare opportunity to own an excellent portfolio of real estate in one of the most coveted submarkets in the SGV. The properties, all of which have been completely renovated and seismically retrofitted, offer a solid mix of courtyard layouts, in-unit laundry and multiple on-site laundry facilities for, and are well-parked with 25 total parking spaces, nearly all of which are covered. The properties are separately metered for gas and electric, and each property is serviced by new central water heaters. Units are spacious and offer an in-unit combo washer / dryer, stove, dishwasher, garbage disposal, ample closet and storage space, ceiling fans, and new mini-split HVAC systems for heating and cooling. All of the units have undergone a top-to-bottom renovation with full electrical and plumbing upgrades, new high durability wood vinyl and tile flooring, new windows, state of the art mini-split HVAC systems, new kitchens, which include new cabinets, quartz countertops, and new stainless steel appliances, and new bathrooms with new vanities, toilets, bathtubs, and name brand fixtures. A new owner is presented with the security of in-place master leases for both properties.

Santa Ana, 2140 South Main Street

Price: $14,300,000
Units Total: 48
Lot Size: 38,333
Living Area: 48,459
Year Built: 1988
Parking: 95
Days on Market: 74
Description: Southtown at Main is a mixed-use investment property consisting of 44 multifamily units and 4 retail suites located at 2140 South Main Street, Santa Ana, CA. Built in 1988, Southtown at Main offers a fantastic unit mix consisting of spacious studio, one-bedroom, and two-bedroom floor plans, which allow the property to appeal to a wider renter base. The property provides a wide range of amenities including controlled access with keypad entry, gated subterranean parking, an on-site manager’s office, a business center, a fitness center, an elevator, and on-site laundry facilities. Since 2015, current ownership has invested nearly one-million dollars towards improving 30 of the 44 residential units, as well as the property’s amenities and exterior (contact Listing Agent for more details). A continued renovation plan to complete the remaining units will help a future investor achieve market-level rents across all unit types. Southtown at Main has an ideal Santa Ana location, positioned equidistant from Downtown Santa Ana to the north and the South Coast Metro to the south. The property is also situated within a two and a half mile radius of nearby primary transportation arteries, such as State Routes 55 and 73 and Interstates 5 and 405, providing residents with easy access to major employment centers throughout Orange County. In the unit mix, the last four studios are the four retail suites.

Inglewood, 850 Victor Avenue

Price: $13,390,000
Units Total: 50
Lot Size: 49,993
Living Area: 0
Year Built: 1962
Parking: Yes
Days on Market: 79
Description: **Please do not hover on the property or enter the building grounds. Please do not engage in any discussion regarding a potential sale with any tenants or management. ** This opportunity is a 50-unit apartment community for sale in the desirable Northwest pocket of Inglewood, adjacent to Westchester and Ladera Heights. The property offers a wide range of amenities, including a gated lobby, swimming pool, two coined laundry rooms with owned equipment, one large storage facility, and two other small storage rooms, and gated parking with newer motors for a total of (72) parking spaces. All units except for the studios have their own private balcony. The roof is ten years old, roof over the carport is newer. Almost all water heaters, garbage disposals, stoves / cooktops, wall ovens, and hood fans have been replaced. Building is all-electric and tenants pay for their own electricity. There is a gas heater for the laundry equipment only.

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: 104
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: 646
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: 0
Year Built: 2008
Parking: Yes
Days on Market: 103
Description: This are 20 condominium complex

4423 North Tujunga Avenue

Price: $12,100,000
Units Total: 8
Lot Size: 6,036
Living Area: 0
Year Built: 2020
Parking: 2
Days on Market: 35
Description: Welcome to Tujunga 8, a Luxury New-Construction project inspired with modern-coastal architecture and the ONLY Urban Custom Home project of its kind in the Valley. Each home has 4 bedrooms and 4.5 spa-inspired bathrooms that include LUX designer tile, RH outfitted vanities, light fixtures, and large metal-framed mirrors. Take in the European oak wood flooring, 10-foot ceilings and Smart Home Technology. Watch your favorite movie with built-in surround sound all while having the ability to play your favorite music in other zones of the home. Entertain with Italian-imported Bertazzoni appliances, featuring a 36″ master series gas range, an expansive island and an open floor plan. Meditate to beautiful sunsets on your private 4th-floor deck with 180 views. Nestled on one of the most walkable streets of Studio City with the highly coveted Colfax Charter Elementary School minutes away. Schedule a showing ASAP to see this LIMITED and one of kind luxury home collection before they’re sold out!

Santa Monica, 500 California Avenue

Price: $12,000,000
Units Total: 23
Lot Size: 15,007
Living Area: 0
Year Built: 1953
Parking: Yes
Days on Market: 67
Description: 500 California is a 23-unit legacy apartment building located in prime Santa Monica, just four blocks to iconic Ocean Avenue and Palisades Park. Offering an investor a rare opportunity to purchase irreplaceable real estate, this is the first time this property has been on the market in over 20 years. The property is walking distance to all of the shops, restaurants, and entertainment that downtown Santa Monica has to offer, including: the Third Street Promenade, trendy Montana Avenue, renowned Ocean Avenue, and the iconic Santa Monica Pier. Offering tremendous proximity to employment, Santa Monica is a thriving technology, media and entertainment hub, and an integral part of Silicon Beach. The property has a desirable unit mix of ten 1 + 1; twelve 2 + 1; and one single units. The two-story garden-style community has been well-maintained and offers an investor significant rental upside with a 4.7% cap at mkt. RENTS SHOWN ARE AVERAGES – Rent Roll available on website (see Pvt Remarks).

Glendora, 618 West Route 66

Price: $11,600,000
Units Total: 76
Lot Size: 63,095
Living Area: 43,486
Year Built: 1962
Parking: 80
Days on Market: 100
Description: PRICE JUST REDUCED $600,000. We are proud to present for sale 618 and 620 West Route 66 Glendora, CA. Royal Palms Apartments and Professional Building is a mixed-use investment opportunity comprised of 48 apartment units and 28 commercial suites. Royal Palms Apts is comprised of two-2 story buildings and consists of 24-studio / one bathroom units, 23-one bedroom / one bathroom units and 1-two bedroom / one bathroom unit. Approximately 50% of the apartments have been updated to feature laminate plank flooring, formica countertops and ceiling fans. The studio / one bathroom floorplans feature walk-in closets and are equipped with a gas stove / oven and a refrigerator. The one bedroom / one bathroom floorplans are spacious and feature his and her closets with a center vanity and are equipped with a gas stove / oven. The property features a secured entrance, 42 tuck-under parking spaces with storage units, two laundry rooms, four central water heaters and a swimming pool. The buildings have had recent improvements to include two new roofs in 2019, new exterior unit doors, a re-plastered swimming pool and pump. Royal Palms Professional Building is a two-story building that consists of 28 office / retail suites ranging from 293 sq.ft to 1,180 sq.ft and features 38 surface parking spaces. The property is situated with 225 ft of street frontage on Route 66 with 2 curb cut outs. The building also features central air conditioning and heat, four common area restrooms and was re-roofed in 2017.

150 North Berendo Street

Price: $11,595,000
Units Total: 21
Lot Size: 12,750
Living Area: 0
Year Built: 2019
Parking: Yes
Days on Market: 80
Description: MAJOR PRICE REDUCTION! Built in 2019,150 N. Berendo offers a mix of designer 1 Bedroom + 1 Bath units, 2 Bedroom + 1 Bath units, 2 Bedroom + 2 Bath units and 3 Bedroom + 2 Bath units along with numerous common area amenities. Exquisite modern architecture with over 25,000 sq.ft of building space and unit amenities such as Modern Custom Kitchens with Stainless Steel Appliances, In-Unit Washer / Dryer, Smart Home Technology, Modern Hardwood Floors, Central A / C and Heat, and Patios / Decks. Common area amenities include: Outdoor Courtyard with BBQ, Community Room / Co-Working Space, Fitness Center, Amazon Lockers for Deliveries, Security Access, Covered Gated Security Parking.

Venice, 2609 OCEAN FRONT Walk

Price: $11,500,000
Units Total: 4
Lot Size: 3,240
Living Area: 0
Year Built: 1969
Parking: 2
Days on Market: 164
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.

Los Angeles, 162 South Avenue 55

Price: $10,995,000
Units Total: 30
Lot Size: 24,507
Living Area: 0
Year Built: 1963
Parking: Yes
Days on Market: 13
Description: 30-unit investment opportunity in prime Highland Park, one of the most desirable and rapidly developing submarkets of Los Angeles. 26 out of the 30 units have been extensively renovated and redesigned with new open-concept layouts and high-end finishes including new stainless-steel appliances, solid stone countertops, hardwood flooring throughout, new kitchen cabinets and backsplashes, beautiful bathrooms with new sinks and vanities, frosted glass front doors, spacious closets, new fixtures, matte black designer finishes, and new HVAC units. The electrical systems have been upgraded and rewired and 23 out of the 30 units are equipped with new, in-unit stackable washer and dryers. 4 units haven’t been renovated, leaving room for an investor to capitalize on the remaining rental upside. The Property has secured entry and features beautiful exterior renovations and common area amenities including a lounge area, BBQ, and firepit. The seismic retrofit work has also been completed.