Residential Income, California | Page 1-001-11-30T00:00:00-08:00
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Los Angeles, 601 South Main Street

Price: $60,000,000
Units Total: 452
Lot Size: 25,592
Living Area: 25,592
Year Built: 1981
Parking: 858
Days on Market: 309
Description: The SB Omega is a fully entitled project on the southwest corner of 6th and Main St. In the heart of the Historic Core of Downtown LA. Currently the site of Joe’s Parking, this approved project will encompass 4 parcels and stand 390 ft. Tall to include 38 stories above grade and 452 dwelling units. Upon completion, the building will be the tallest structure in the Historic Core and one of the tallest in Downtown Los Angeles. Land is currently used as a parking lot but has all entitlements and plans for a high-rise condominium building consisting of 458,308 residential sq. Ft, 24,368 retail sq. Ft. And 858 parking spaces. Seller is looking for a joint venture opportunity with an experienced contractor who must bring a $10,000,000 down payment to the partnership. Partner must acknowledge that the sale of the project will gross over $400 million and that construction costs will not exceed $160 million.

Beverly Hills, 327 South ELM Drive

Price: $50,000,000
Units Total: 30
Lot Size: 29,684
Living Area: 0
Parking: Yes
Days on Market: 326
Description: 321-327 S Elm Drive is a new development of 30 luxury residences (townhomes, condos and penthouses) in the heart of Beverly Hills. The beautiful high-end finishes and features include Bertazzoni stoves, Miele dishwashers, Porcelanosa fixtures and tile, Poliform Italian cabinets, Baldwin hardware, Fleetwood doors, Nest learning thermostats, privacy shades, washer and dryer in each unit, water filtration system, USB outlets, private outdoor space and expansive views of the Hills, Century City and DTLA. The 30 units (3 of which are available as low income housing) can be sold as condos or leased as apartments. This trophy property is a one-of-a-kind investment opportunity in prime Beverly Hills.

153 SAN VICENTE Boulevard

Price: $32,975,000
Units Total: 30
Lot Size: 21,837
Living Area: 44,199
Year Built: 1967
Parking: Yes
Days on Market: 75
Description: We are pleased to present for sale this exceptional building in a prime Santa Monica location. This property is conveniently sited on tree-lined San Vicente Boulevard, just steps from Ocean Avenue, and Palisades Park on the Santa Monica Bluffs. 153 San Vicente Boulevard features 30 units over four stories, with a blend of very spacious 1,2 and 3 bedroom units. Units comprise of intelligent floor plans, an abundance of natural light, 18 units with large balconies and some with ocean views. Amenities include above-ground secure parking garage, controlled-access lobby, pool and interior courtyards. The Penthouse units feature high ceilings and additional ceiling level windows. This property provides investors with a unique opportunity to acquire a property well positioned for a full renovation, offering significant upside potential to add value, plus short to medium term cash flow.

Los Angeles, 2867 SUNSET Place

Price: $29,750,000
Units Total: 60
Lot Size: 14,779
Living Area: 0
Year Built: 2018
Parking: 0
Days on Market: 67
Description: For sale a 60-unit luxury apartment building located in the thriving Koreatown neighborhood of Los Angeles, California. Built in 2018, the Kodo offers a mix of studio, 1-bedroom, and 2-bedroom units with beautiful finishes, and ample common area amenities. Common area spaces include a living room / lounge, a beautifully landscaped courtyard, a fitness center, and a rooftop lounge that offers spectacular views of the Downtown Los Angeles skyline.

Los Angeles, 2391 ROSCOMARE Road

Price: $29,000,000
Units Total: 10
Lot Size: 21,422
Living Area: 33,955
Year Built: 2018
Parking: Yes
Days on Market: 320
Description: ONE BEL AIR, a premier new construction 10 unit luxury building, the only one of its kind located in scenic upper Bel Air. Offering ‘home alternative’ residences in one of Los Angeles’ most sought after neighborhoods. Breathtaking ocean and canyon views beautifully combine nature, serenity and modern luxury. Sleek architecture and sophisticated design, finishes and fixtures are set amidst a lush mountainous back drop perfect for taking in dramatic sunsets. Equipped with a gym, lounge, spacious viewing deck, pool and pool deck, secured entry and parking garage. This iconic offering brings refined, multi-unit, luxe living to the hills.

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: 2146
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

11550 Santa Gertrudes Avenue

Price: $21,500,000
Units Total: 77
Lot Size: 109,771
Living Area: 54,070
Year Built: 1971
Parking: 77
Days on Market: 142
Description: Seville Apartments, a 77-unit multifamily investment property located in Whittier, California. Built in 1971, Seville Apartments offers investors the opportunity to capitalize on strong market trends that should increase rental income by approximately 15 percent. The property features a strong unit mix of one- and two-bedroom floor plans, of which 50 or more have been upgraded with granite countertops and plank flooring. Situated on a 2.52 acre lot, the property offers an attractive amenity package including gated carport parking, controlled access, on-site laundry, a stand alone rental office, a swimming pool, and a spacious courtyard featuring a pond, barbeques, and picnic area.

Torrance, 3450 Emerald Street

Price: $18,990,000
Units Total: 49
Lot Size: 49,871
Living Area: 42,612
Year Built: 1963
Parking: 52
Days on Market: 158
Description: Centrally located in the heart of Torrance between Amie and Madrona Ave. Comprised of 29 one bed / one bath units, 16 two bed / two bath and 4 three bed / two bath units. Most units have been updated with granite counters, travertine stone, upgraded cabinets, carpet and paint. Immaculate, lush grounds with 50 ft pool, custom built outdoor entertainment pavilion with two BBQ’s, and laundry on the premises. Common area with beautiful custom stone work. Private enclosed patios. Units are all electric. Landlord pays for basic cable, water and trash. Please also see the partnerships incomparable 24 unit building in Lunada Bay MLS #SB19075916.

North Hills, 9001 BURNET Avenue

Price: $17,250,000
Units Total: 43
Lot Size: 54,629
Living Area: 71,306
Year Built: 2009
Parking: Yes
Days on Market: 218
Description: For sale Burnet Townhomes, a 43-unit condominium-mapped fully occupied apartment building in the North Hills community of Los Angeles, California. Located in the San Fernando Valley with address 9001-9009 Burnet Avenue, The Property is uniquely positioned in the market to offer rental revenue upside potential. Built in 2009, Burnet Townhomes features tri-level ?oorplans with spacious 2-, 3-, and 4-bedroom units ranging from ±1,482 to ± 2,214 sq.ft. Unit features include direct access private garages; central heat and air conditioning; in-unit washer and dryer hookups; granite countertops and maple cabinets; separate dining and living areas; spacious bedrooms with ample closet space and walk-in closets.

6343 Rosemead Boulevard

Price: $16,500,000
Units Total: 184
Lot Size: 85,533
Living Area: 61,701
Year Built: 1967
Parking: 104
Days on Market: 37
Description: Golden Motel, a 184-room motel (21 units are being run as apartment – grandfathered in by the county) investment opportunity located in the City of San Gabriel, CA (unincorporated area of Los Angeles County). This offering provides a rare opportunity for investors to acquire a well-located motel with tremendous repositioning potential through corrective management to reduce current expenses. The property has been with the same ownership for more than 20 years. The property is located on Rosemead Blvd and is surrounded by single family residential communities, neighborhood shopping centers, and other residential community amenities. The property is a three-story garden style property that was built in 1967. It has an estimated size of ±61,701 sq.ft and situated on a ±1.9acres lot. It is zoned C2 (Neighborhood Commercial) which allows multiple uses and require CUP for its current operation as a motel. It has a lobby area with secured receptionist area and a private office. It provides a center courtyard with lush landscaping and fenced swimming pool. Each unit has an average size of ±290 sq.ft to ±340 sq.ft (buyer to verify) with small kitchenette area, closet area, and full bathroom. The property has a total of 104 open parking spaces (4 are for disabled parking). Most of the units have not been upgraded which provides excellent repositioning opportunity to investors. Confidentiality Agreement is required to get full marketing setup.

Santa Monica, 423 OCEAN Avenue

Price: $16,000,000
Units Total: 16
Lot Size: 22,464
Living Area: 3,754
Year Built: 1936
Parking: 0
Days on Market: 15
Description: 423 Ocean Ave is located on the cliffs of Santa Monica, with unblocked views of the Pacific Ocean and one of the most prestigious locations for commercial real estate and luxury condominiums. 423 Ocean is approved and fully entitled for 14 condominiums. The owner obtained both City Plan Check and Coastal Commission approval, a process that took over 10 years to achieve. Now it is a new investors opportunity to purchase and develop this exquisite site and lease up or sell the condos individually. Condominiums North of Wilshire have sold for over $1,500 per square foot. Due to this exclusive location on Ocean Ave, newly constructed condos with ocean views will command in excess of $1,800 / sf. Please call or email the listing agents for a marketing package that include drawings and floor plans.

Santa Monica, 1045 Ocean Avenue

Price: $15,990,000
Units Total: 20
Lot Size: 11,261
Living Area: 15,005
Year Built: 1922
Parking: 6
Days on Market: 38
Description: Steps from the beach in Santa Monica and walking distance to some of the best amenities in Santa Monica (world-famous Santa Monica Beach, Santa Monica Pier, Santa Monica Third Street Promenade, etc.) , 1045 Ocean Avenue offers investor a once-in-a-lifetime opportunity to own an apartment asset in a truly irreplaceable location that could be considered as one of the best location in Southern California. 1045 Ocean Ave is a 20-unit apartment in Downtown Santa Monica. It is located on Ocean Ave between California Ave and Washington Ave. It is located a block away from Third Street Promenade on Wilshire Blvd, across the street from Palisades Park that offers unobstructed ocean view of Pacific Ocean, Santa Monica Beach, Santa Monica Pier and Southern California coastline. It is within walking distance to all the best amenities Santa Monica has to offer, including Metrolink light-rail station on Colorado Ave. The property is a 2-1/2 story apartment that was built in 1922. It has a total of ±15,005 sq.ft building size (per profile) and situated on a ±11,260 sq.ft R3 lot. It is surrounded by much higher density residential properties on its left and right. Several units have been upgraded and six units can be delivered vacant at close of escrow.

Los Angeles, 1901 ORCHID Avenue

Price: $15,975,000
Units Total: 9
Lot Size: 15,125
Living Area: 10,573
Year Built: 1929
Parking: Yes
Days on Market: 3
Description: Las Orquideas, a 9-unit Spanish Revival Village by Architect Wilfred Buckland, 1929. Howell + Padgett, Restoration, 2019. Nestled in the Hollywood foothills, like the Andalusian hill towns that inspired it, Las Orquideas is a collection of 5 villa-like structures housing nine unique residences and 1 flex space. Buckland, Cecil B. DeMille’s art director and the original owner, designed the property for himself as a replica of a Spanish hill town, with ascending walkways, connecting gardens, and intimate plazas. The entire complex has been immaculately restored. If there was ever a pride of ownership asset, Las Orquideas is it. The 9-residence compound offers the style, character and rich details of a landmark historic property with the modern amenities of new construction. This Mills Act building can be delivered fully vacant, providing endless opportunity.

Anaheim, 1251 North Placentia Avenue

Price: $15,850,000
Units Total: 56
Lot Size: 65,340
Living Area: 39,668
Year Built: 1973
Parking: 81
Days on Market: 3
Description: We are pleased to offer the OC Apartments opportunity for sale. The property is a very well-maintained property situated on a 1.5-acre parcel with meandering sidewalks through beautifully landscaped grounds with an inviting swimming pool, spa and BBQ area. The property is conveniently located within minutes to both the 91 and 57 freeways. Approximately 26 units have recently been renovated with new wood plank / vinyl floors, quartz countertops in both kitchens and bathrooms and new cabinets. All units have new retrofitted windows. The OC Apartments provides an investor with a turnkey property which will provide immediate cash flow. *Pride of Ownership- Turnkey Asset, *Excellent Rental Location, *Great Mix of 1 and 2-Bedroom Units, *Newly Renovated Units, *Pool and Jacuzzi, *BBQ Area

Arcadia, 968 Arcadia Avenue

Price: $15,800,000
Units Total: 18
Lot Size: 36,193
Living Area: 34,000
Year Built: 2014
Parking: 44
Days on Market: 134
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!

412 North OAKHURST Drive

Price: $15,000,000
Units Total: 15
Lot Size: 11,018
Living Area: 24,294
Year Built: 1974
Parking: Yes
Days on Market: 135
Description: Location location location! Rare opportunity to purchase 15 unit apartment complex in Beverly Hills! All units are very spacious, light and bright, come with private laundry rooms, fireplaces, balconies / patios and 2 car parking spaces! Fantastic upside potential. Building was originally built to be converted into condos. Do not miss this opportunity! 3 units are 1 bedroom 1.5 bath + den / 9 units are 2 bedrooms 2 baths / 3 units are 2 bedrooms 2 baths + den. Click on docs for all rents / expenses and square footage / breakdown of all 5 floor plans.

Northridge, 17806 Lassen Street

Price: $14,700,000
Units Total: 42
Lot Size: 33,544
Living Area: 43,833
Year Built: 1985
Parking: 0
Days on Market: 12
Description: First time on market, prime Northridge street / location. No rent control, well maintained, larger units (7) 1 + 1 (35) 2 + 2. Provides legitimate rental upside. Seller will consider financing.

Santa Monica, 858 3RD Street

Price: $14,500,000
Units Total: 28
Lot Size: 22,527
Living Area: 22,700
Year Built: 1954
Parking: Yes
Days on Market: 29
Description: Rents shown are Averages; Detailed rent roll available on PROPERTY WEBSITE (see private remarks). 858-860 3rd Street Highlights: Irreplaceable Santa Monica location; three blocks to beach. Tremendous rental upside – 5.3% cap at market. Rare opportunity – first time on market in 30 years; 22,500± SF double, corner lot (courtyard style); Desirable unit mix of 14 one bedrooms and 14 two bedrooms; Walk to Shops, Dining on Montana Avenue and 3rd Street Promenade. Additional APN: 4292-024-011.

Long Beach, 360 Lime Avenue

Price: $14,000,000
Units Total: 42
Lot Size: 80,150
Living Area: 33,949
Year Built: 1964
Parking: 20
Days on Market: 47
Description: 360 Lime Avenue is a renovated, 42-unit multifamily investment property located in Long Beach, one of the premier housing markets in Southern California. The property is in the heart of the East Village Arts District of Downtown Long Beach. This neighborhood is a vibrant, eclectic pocket within the city with boutique stores, art galleries, coffee shops and restaurants. The East Village is known for its walkability, and 360 Lime provides great access to all its amenities. The 33,949 gross square foot property consists of studio, one- and two-bedroom floor plans. Numerous units have large wrap-around patios which provide private outdoor spaces for tenants. Originally built in 1964,360 Lime offers amenities including a communal courtyard, custom barbecues, individual garage parking, on-site laundry facilities, controlled access, ceiling fans, vinyl floors, quartz countertops and more.

2400 Palos Verdes Drive

Price: $13,950,000
Units Total: 24
Lot Size: 24,469
Living Area: 23,361
Year Built: 1961
Parking: 24
Days on Market: 80
Description: Lunada Bay is a picturesque seaside residential community within the city of Palos Verdes Estates. Known for award winning public schools, plenty of parks and green spaces, trails and incredible views. This building is comprised of 8 one bed / one bath, 9 two bed / two bath, 5 two bedroom / 1 bath and 2 three bed / two bath units. Most units have been updated with granite counters, travertine stone, upgraded cabinets, carpet and paint. All units have fireplaces with gas logs. Immaculate, lush grounds with pool and laundry on the premises. Some units have ocean views perfect for watching the beautiful South Bay sunsets.

San Clemente, 618 Avenida Victoria

Price: $13,000,000
Units Total: 15
Lot Size: 69,707,500
Living Area: 11,000
Year Built: 1921
Parking: 10
Days on Market: 193
Description: Unique opportunity to acquire an iconic property in San Clemente’s highly sought-after Pier Bowl, located steps from world class beaches, restaurants, shopping, hotels, and other tourist draws. The Subject Property is located in the beach community of San Clemente (South Orange County) with easy access to Interstate 5, blocks from Downtown San Clemente (Del Mar Street) and directly adjacent to the San Clemente Pier. 618-630 Avenida Victoria is situated near the westernmost point of Avenida Victoria and just to the south of a city-controlled public parking lot of more than 165 stalls. The property is approved for short term vacation rentals (STAR / STLU) subject to City application and approval. San Clemente is known for it’s year-long Mediterranean climate, convenient transit (Amtrak-Metrolink directly adjacent) and sandstone bluffs with camping / day-use state beaches. To the immediate west, a 2.3 mile beach trail draws residents and tourists to the Pier that beginning at North Beach and ending at San Clemente State Beach.

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: 177
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.

Encino, 5505 ZELZAH Avenue

Price: $12,000,000
Units Total: 28
Lot Size: 21,335
Living Area: 29,536
Year Built: 1978
Parking: Yes
Days on Market: 153
Description: 27 + 1NC Non Rent Control Upgraded Units in Encino with a Cash on Cash of 4.3%. It is leased almost 100% as 2 Bedroom Units withWasher / Dryer hookups in every unit. The property is being offered at a 4% Cap Rate and if you acquire the asset with a 5 year fixedavailable at 3.85% (i / o) Interest Only for the first 3 years the cash flow would start at 4.3%. Recently a 2 Bedroom unit was leasedclose to our market rents which proves that you could potentially achieve a 5% Cap Rate just by increasing rents. Thus after youraise rents and switch to an Amortized loan you would still have 4.17% Cash on Cash. Also take a look at the cash flow analysis on page 38 and you will see a scenario that would achieve a 20.5% Average Annual ROI. That will double your investment in five years. That’s an amazing return for a property that is in an A + neighborhood with 100% of the interiors already upgraded.

Los Angeles, 4353 West 5TH Street

Price: $11,500,000
Units Total: 24
Lot Size: 13,374
Living Area: 25,435
Year Built: 1929
Parking: Yes
Days on Market: 43
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”).