Residential Income, California | Page 1 -001-11-30T00:00:00-08:00
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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: 14
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.

Glendale, 114 Franklin Court

Price: $6,000,000
Units Total: 0
Lot Size: 28,570
Living Area: 0
Year Built: 1925
Parking: 5
Days on Market: 45
Description: We are pleased to present the opportunity to acquire this multifamily portfolio located in the Heart of Glendale. With the properties proximity to many of Glendales premium amenities, the site will garner above market rent for any new investor looking to increase their current cash and #64258; ow. Within the past two years, the portfolio has undergone a major capital renovation plan that will allow a new owner to raise rents without the headache of construction. The offering is a portfolio of four adjacent parcels with huge upside. Consisting of two duplexes, a five unit, and eight unit apartment buildings, the acquisition allows for a multitude of financing options. Included in the portfolio is a unit mix consisting of (1) – 2 bed / 1 bath SFR, (4) – 1 bed / 1 bath SFR, (8) – 1 bed / 1 bath, and (4) – studio / 1 bath units. Currently, two of the five garage spaces are being leased for $250 per month, allowing a future owner to yield an increased income stream through the rental of the spaces. In addition, the site maintains a total parking count of 28 spaces which include (4) – single garage and (1) -two car garage.

1173 Fair Oaks Avenue

Price: $5,250,000
Units Total: 28
Lot Size: 60,984
Living Area: 23,370
Year Built: 1980
Parking: Yes
Days on Market: 652
Description: Marketing Remarks: The property consists of 5 buildings, each two story with wood frame and stucco construction. The property has been well maintained and has had recent improvements to both the exterior and interiors. The individual units are well sized with one bedroom and two bedroom units. Common areas include storage, a swimming pool, laundry facility, and a stand alone leasing office. There is abundant off street parking both covered and uncovered. The property includes a greenbelt at rear of property, with potential for additional units. Owner had approved plans for an additional 8 units on back greenbelt, laundry room expansion, and hot tub installation (Plans need update, use permit expired). The property is conveniently located near parks, schools, major retail, and employment. Rents are being raised substantially on turned over units, but there is still significant upside in rents. Selling at $187,500 per unit where single family homes in the neighborhood are selling above $500,000.

Isla Vista, 6745 Del Playa Drive

Price: $4,250,000
Units Total: 4
Lot Size: 13,503
Living Area: 4,800
Year Built: 1967
Parking: Yes
Days on Market: 176
Description: Del Playa Apartments is a well maintained 4-unit (36 Bed) student housing complex that consists of two 2-story buildings in the neighborhood of Isla Vista, California. Set on a combined 13,503 square foot lot, the 4,800 combined square foot property o?ers 16 bedrooms with a total of 36 beds at a current monthly income of $27,010. Built in 1967, the properties are non-rent-controlled, adjacent to UC Santa Barbara, have spectacular ocean views, updated kitchens and bathrooms, balconies, large living rooms, ample storage and parking. Del Playa Apartments is located along Del Playa Drive between Camino Corto to the west and Camino Del Sur to the east. ?e property overlooks the beach to the south and Sabado Tarde Road is just north. Can also be sold in conjunction with 6777 Del Playa which is also listed on the MLS.

San Luis Obispo, 1137 Peach Street

Price: $3,900,000
Units Total: 5
Lot Size: 37,500
Living Area: 5,685
Year Built: 1906
Parking: 0
Days on Market: 262
Description: Great Development potential. Currently 5 homes on one R-2 Parcel in the San Luis Obispo Mill Street Historical District in Downtown. Four 3 bedroom homes and One 2 bedroom with room to add more units. One of the few great downtown development projects. All units are currently lease to provide income during the approval process.

Paso Robles, 717 Creston Road

Price: $3,500,000
Units Total: 8
Lot Size: 18,000
Living Area: 7,200
Year Built: 1986
Parking: 16
Days on Market: 12
Description: Great Opportunity. 8 units, 4 buildings, 8 2 bedroom 1.5 bath units. Professionally managed and maintained with care and concern. All units sold together. Large parking area, covered parking as well. These units have been will cared for by the existing owners. This is a rare find in Paso Robles, with this city not having many rental units. The median Rental value for a 2 bedroom home is about $2200 per month in San Luis Obispo County per the tracking from Zillow. These units are close to schools, shopping and transportation. Great 1031 exchange potential.

San Luis Obispo, 3229 Broad

Price: $3,325,000
Units Total: 8
Lot Size: 26,000
Living Area: 11,250
Year Built: 2013
Parking: 0
Days on Market: 1
Description: This perfect blend of Commercial and Residential Income, mixed-use development, rarely becomes available in San Luis Obispo. This property is well designed offering unique architectural lines and function. The outstanding location offers tenants easy access to multiple ethnic restaurants, a micro brewery and a range of services and retail outlets. This mixed-use development might be ideal for an owner user. The residential income is approximately $100,000.00 per year. The eight units are very spacious, with 6 (1) Bedroom (1) bath units and 2 (3) Bedroom (2) Bath units. The commercial / retail space can be demised into 3 suites or modified to meet the new owners requirements. The location would be ideal for an engineering firm, Tech Company, CPA, architects, legal, real estate or other professional services company.

Pismo Beach, 361 Hinds Avenue

Price: $2,995,000
Units Total: 3
Lot Size: 7,250
Living Area: 6,663
Year Built: 2002
Parking: 8
Days on Market: 9
Description: This is a fabulous opportunity to own an income property in downtown Pismo Beach with fabulous ocean views! This 10BR / 8bath property is less than a half-mile from the beach and includes three (3) light and bright, fully furnished units, all with open floor plans, gourmet kitchens, designer touches, balconies, and amazing views of the ocean and downtown Pismo Beach! This well kept property is ready to go as a Vacation Rental with all the furnishings (TV’s, sofas, lounge chairs, beds, bedding, linens, lamps, kitchen appliances, utensils, tables, chairs, patio furniture, pool table, BBQs etc.) This property is comprised of two buildings; Unit A in the front with a 2″ airspace between Units B and C. Unit A is 4bed / 2bath, Unit B is 3bed / 3bath, and Unit C is 3bed / 3bath with 4 garage spaces and 4 carport spaces. The view is protected by Height Restriction on neighboring 2 parcels. Each owner has been able to enjoy their Unit, enter into short term rentals or rent their unit out monthly. Close to shopping, restaurants and downtown Pismo Beach! Location, Location, Location! Don’t miss this opportunity!

Oceano, 1111 North Strand Way

Price: $2,750,000
Units Total: 3
Lot Size: 5,980
Living Area: 3,920
Year Built: 2016
Parking: 4
Days on Market: 186
Description: Marketing Remarks: CASH TALKS! LEED construction. Assume loan of $1,427,000 at 6.99% with 1 point and qualify, Buyer to Assume Loan otherwise PREPAYMENT Penalty of $43,500 added to price. $10,694 PER MONTH INCLUDES PITI and $1,300 PRINCIPAL REDUCTION. Solar ( $50,000 PAID for and included), On Demand Hot Water, Ductless Heating, built to LEED specifications, Passive Solar Design, 18 foot high ceilings, 2 x 6 fully insulated and sound proofed walls, and more! Commercial Zoning. $600 all utilities (EMAIL for Income / Expenses since completed March of 2016). 3 Units: $3,500 / Unit A 1,638 sq ft; $3,450 / Unit B 1,820 sq ft; $2,000 / Unit C 462 sq.ft. Furnishings and appliances to be INCLUDED. OWNER WILL CARRY A 2ND TD. WILL consider all trades or exchanges! LOCATION, LOCATION, LOCATION!

213 South Atlantic Boulevard

Price: $2,000,000
Units Total: 0
Lot Size: 7,501
Living Area: 0
Year Built: 1924
Parking: 8
Days on Market: 12
Description: We are pleased to present the opportunity to purchase thisspacious quadraplex offering a unit mix of all 2 Bed / 3 Bath units with a large den that can be usedas an additional bedroom. With recent interior and exterior renovations, this property is ideal for aninvestor looking to yield a low cost investment. Each unit is outfitted with hardwood floors and high ceilings. With the large layouts, a potential landlordwith have the opportunity to increase the rents by taking the rents to market in this non-rent controlinvestment. Currently, the investment is operated as an eight unit property with four 1 Bed / 1 Bath and four 1 Bed / 1Bath with large den units. Each unit runs from

Pasadena, 2278 White Street

Price: $1,800,000
Units Total: 0
Lot Size: 8,303
Living Area: 0
Year Built: 1993
Parking: 6
Days on Market: 39
Description: Discover this Fabulous Investment Opportunity! Live in 1, rent out the other 2! There are 3 Spacious townhouse style units in beautiful condition, each with a spacious attached 2-car garage. There are 3 units, all units offer 3 bedroom / 2.5 baths with a comfortable 2-story layout. 2 units have been upgraded with wood floors in the living room. The living rooms all feature a Fireplace and all units have Central Air and Heat.

Creston, 1919 Calf Canyon

Price: $1,675,000
Units Total: 2
Lot Size: 2,889,335
Living Area: 8,000
Year Built: 1981
Parking: 8
Days on Market: 18
Description: Sustainable Vineyard: 10ac of natural rootstock cab sauvignon and syrah. UC Davis 08 (Margeaux cuttings). Vines were planted in 1996 on sandstone, granite, quartz and Franciscan complex. 2000 ft elevation, steep hills, summers avg 90 + degrees, winter nights avg33 degrees plus snow. Featured in “In Wine Country a James Beard Production” on NBC. On Youtube: Eden Canyon. Plants pruned to produce 2.5-3 tons per ac. Small production, handcrafted wines are produced with minimal intervention. Reflecting the vineyard’s full influence in the winemaking process. The winery produces approx 2k cases yearly. Double gold, gold, and silver award winning wine. Estate cabernet sauvignon, cabernet, and syrah vineyards produce high-quality grapes that are crushed and de-stemmed within minutes of handpicking. Winery includes netting machine, maintenance equip, 2 older Caterpillars and, 1 newer Holland tractors, destemmer, Press, Kubota RTV, 2 3k gallon stainless steel tanks, bins. 5k sf workshop and equipment. Equipment is all one owner and in good condition, valued over 400k. All industrial grade machinery. There is too much to list here, it has served commercial banks, professional offices, custom Bay area homes. A one-man operation. Inventory incl. Business license and label can be bought separately; it is not included in this listing. 3000 sq.ft single level home is 3bed 2 bath and soooo much more! Spectacular vineyard views on 66.3 acres 10 in vines. An incredible opportunity for a lucky Buyer!

Altadena, 20 East Mariposa Street

Price: $1,650,000
Units Total: 0
Lot Size: 9,352
Living Area: 0
Year Built: 1936
Parking: 0
Days on Market: 164

Los Angeles, 2691 Griffin Avenue

Price: $1,550,000
Units Total: 0
Lot Size: 9,940
Living Area: 0
Year Built: 1928
Parking: Yes
Days on Market: 11
Description: An excellent multi-family property in desirable and thriving Lincoln Heights neighborhood, featuring 2 charming buildings, one with 5 units and the other with 4 units, all with separate gas and electric meters. The units are spacious and quaint, and also offer on-site parking as well. The property is situated on an attractive 9,940 square foot lot. It is also centrally located, including public transportation just blocks away and a short commute to Downtown LA, USC Medical Ctr., Dodger Stadium, and easily accessible to major freeways and neighboring Cities such as Pasadena, Glendale, and Burbank. The property offers an excellent income and still has plenty of upside potential on rents. Please Do Not Disturb Occupants!

Lompoc, 625 B Street

Price: $1,525,000
Units Total: 0
Lot Size: 23,958
Living Area: 0
Year Built: 1960
Parking: Yes
Days on Market: 8
Description: Great corner lot! This 12-unit, single story, garden-style apartment complexhas a beautiful, large open grassy area in the front and is well located near shopping and schools. Wonderful unit mix consisting of (10) 2-bedrooms / 1- bath and (2) 1-bedroom, 1-bath spacious apartments. Two of the units have private yard / side yard areas. This centrally located property has a common laundry room and generous parking at the rear of the property. Several of the units have undergone remodels with new counters, flooring and paint while leaving potential upside for a new owner.

Burbank, 215 North Hollywood Way

Price: $1,498,000
Units Total: 0
Lot Size: 2,721
Living Area: 0
Year Built: 2017
Parking: 2
Days on Market: 9
Description: Amazing opportunity in the heart of Burbank’s Media District- Three floors of Creative Live / Work space. Move your business here or just collect rent from the current tenant. Ground floor has a two car garage, foyer, and suite. The 2nd floor is complete with four more bedrooms / suites and thee bathrooms, while the third story boasts a living room, open kitchen with balcony and family room / bedroom / suite. Close to shopping, transportation, and the studios, this 2017 built property is a great opportunity for investors or owner / users.

Pasadena, 77 West Glenarm Street

Price: $1,398,000
Units Total: 0
Lot Size: 7,499
Living Area: 0
Year Built: 1928
Parking: 4
Days on Market: 65
Description: Ideally located near Huntington Hospital and 110 fwy, this lovely bldg with architectural details is set among single-tamily homes and other low-density multi-family structures. The 4 nearly identical units, 2 up / 2 down, offer an open plan with partition wall to separate the sleeping quarters. The remodeled kitchens are set at the back of the bldg with back doors for easy access to covered parking. Bldg re-plumbed with copper. Communal laundry provides convenience to tenants and additional revenue. 4 separate gas meters, electrical panels, and water heaters. Laundry room has own water heater. One unit recently vacated, currently empty and offered for lease.

Santa Maria, 909 North Broadway

Price: $1,350,000
Units Total: 15
Lot Size: 6,534
Living Area: 5,000
Year Built: 1920
Parking: Yes
Days on Market: 96
Description: Investors dream, large corner lot, over 18000 sq.ft. Zoned Commercial / Residential / Mix use. 15 units, most have kitchennets, some with covered parking. Owner has remodeled with new roof, doors, windows, stucco, paint, railings, electrical upgrade and some new appliances, plus replaced main sewer line. These units are rented on a monthly basis, there are 2 APN’S, 909 AND 905 N. Broadway, located smack in the City. Seller pay for all utilities, taxes and insurance. Drive by only, do not disturb tenants. Only serious and qualified buyer will view units with acceptable offer.

Pismo Beach, 362 Boeker Avenue

Price: $1,299,000
Units Total: 2
Lot Size: 1,645
Living Area: 1,300
Year Built: 2002
Parking: 2
Days on Market: 9
Description: New Improved Price! This is the beach home you’ve dreamed of—with income! Just 4 doors from the cliffs of Shell Beach–spectacular, unobstructed ocean and mountain views in one of the most sought-after spots in California. Watch whales, dolphins, sea lions, sea otters from this commanding spot. Live here full time or collect vacation rental income! Lock-out on one bedroom creates guest suite (rents for $1500- $2300 / mo), or the home can be rented as a whole (entire home rents for $5K- $8K / month depending on time of year), or stay in one portion of the home and rent the other. Call listing agent for income details! Two beautifully appointed baths offer custom stone tile, one with a double shower, the other with a generously sized jacuzzi tub—both on the ground floor next to the bedrooms. The entire second floor is open concept with high ceilings! The kitchen boasts travertine marble countertops and maple cabinets. Dining area with breakfast bar and custom floor tile create the mood for family meals and parties. Gas fireplace with mosaic tile facade. Broad windows and sliding glass doors display water vistas, leading to your balcony deck for convenient outdoor dining. Then, the coup de gras—this home’s rooftop deck covers the entire home’s footprint. Tax records list the property with 2-bedrooms, and 2.5 baths at 1123 sq.ft. Seller says add’l living area was added without permits, so living space is likely 1300 sq.ft or so. Buyer to verify all before close of escrow.

Van Nuys, 6457 Hazeltine Avenue

Price: $1,195,000
Units Total: 0
Lot Size: 7,494
Living Area: 0
Year Built: 1978
Parking: 8
Days on Market: 23
Description: Front unit is townhouse style over! 800 sq.ft and the remaining three units are about 1200 sqgt. Rents are very low.

Pismo Beach, 271 Ocean View Avenue

Price: $1,042,500
Units Total: 1
Lot Size: 5,280
Living Area: 1,507
Year Built: 1961
Parking: 2
Days on Market: 197
Description: Great opportunity to own less than 2 blocks from the beach. This single story Duplex features 2 units, each with 2 bedrooms and 1 bath with approximately 800 sq.ft of living space each. The back unit has been updated with corian counters, stainless appliances, oak cabinets, tankless water heater and refinished hardwood floors. The garage has been finished off with drywall and laundry hook ups. The front unit has been updated with dual pane windows, and features hardwood floors, inside laundry hook ups, car port and so much potential. Ideal for 2nd home, or income potential, Live in one and rent out the other or rent out both! Zoned R4 for even greater investment potential.

Pismo Beach, 120 Wawona Avenue

Price: $1,000,000
Units Total: 2
Lot Size: 4,020
Living Area: 1,541
Year Built: 1940
Parking: 0
Days on Market: 57
Description: Don’t miss this great opportunity to own this charming duplex in the Village of Shell Beach! Sitting on a lot and half, these detached 2 bed, 1 bath units are loaded with charm and character. The larger unit is 811 + / – sq ft with a nice front yard and back patio area. The second unit is 730 + / – sq ft. The lot is roughly 4,080 + / – sq ft. Live in one unit while renting out the other. Or rent both units! The option is yours! Just a short distance to the beach, restaurants, shopping, edna valley wine country, and the city of San Luis Obispo. Don’t miss your chance to own a piece of Shell Beach

Burbank, 423 East Harvard Road

Price: $998,000
Units Total: 0
Lot Size: 8,720
Living Area: 0
Year Built: 1944
Parking: 2
Days on Market: 192
Description: Location and Income all in one. This property is a duplex where you can live in one unit and rent out the other. The location is in the heart of Burbank and is centrally located to shopping, restaurants, and schools. The front unit features 2 bedrooms and one bathroom with dual pane windows in the living room. The rear unit features 2 bedrooms and one bathroom, a living room, and a huge bonus room! Also featured is a 2 car garage, a long driveway and a workshop behind the garage. You will also find a private fenced in backyard with mature fruit trees and a private patio. Plus an amazing view of the mountains.

Glendora, 2022 East Route 66

Price: $949,000
Units Total: 0
Lot Size: 18,242
Living Area: 0
Year Built: 1945
Parking: 4
Days on Market: 8
Description: 2010-2022 E Route 66: Exceptional opportunity to acquire 34,355 sq.ft of commercial zoned land (Corner Lot assemblage) that generates $101,000 of annual income and boasts 180 FT of valuable street frontage along Route 66, considered the core commercial corridor within the city of Glendora. Zoned TCO (Technology, Commerce, Office) with multiple allowable land uses offers a buyer / developer increased value potential. The site includes 4 buildings totaling 4,370 sq.ft of office and residential buildings. This corner lot assemblage offers high visibility and access, an established area with high traffic counts, close proximity to freeways, and outstanding demographics. Tenants in the immediate include: Starbucks, McDonalds, Sees Candies, Stater Brothers, Mathnasium, Chase Bank, Wells Fargo, Healthcare Partners Medical Group, offices for US Bancorp, Aflac, and National Hot Rod Association to name a few. Approximately 34,355 sq.ft priced at only $52 / SF on land.