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: 100
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.

410 West MICHELTORENA Street

Price: $6,200,000
Units Total: 12
Lot Size: 16,553
Living Area: 12,014
Year Built: 1968
Parking: Yes
Days on Market: 40
Description: This recently updated 12 + apartment multi-family investment generating a 4% cap return features a 12,014 square foot building with 16 covered parking spaces, onsite laundry, and lovely landscaped grounds. New flooring, updated kitchens / baths, fresh paint and close to market rents with room to grown makes this an excellent opportunity! Assumable financing is available for 50% of the list price.

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: 131
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: 739
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.

1501 Santa Barbara Street

Price: $4,800,000
Units Total: 0
Lot Size: 10,019
Living Area: 0
Year Built: 1960
Parking: 16
Days on Market: 21
Description: Never before on the market, this Iconic Santa Barbara multi-family property is located in the prestigious Upper East neighborhood. Built in 1960 by a highly regarded contractor / architect, D’Alphonso, this well-crafted building has undergone numerous improvements in recent years, including, remodeled units, a new roof with copper detailing, landscaping, paint and water heaters. The building features classic Spanish-style details, front and rear entries, excellent natural light, concrete stairs and decks, large floorplans, on-site laundry, on-site storage and pull under on-site parking. Incredible views of Alice Keck Park, the Riviera and the Santa Ynez mountains and just two blocks from State Street and the theater district. Many under-market tenants are in the building and we ask interested parties not to disturb them. The Seller desires to close escrow by the late 4th quarter of 2018.

Isla Vista, 6745 Del Playa Drive

Price: $3,995,000
Units Total: 4
Lot Size: 13,503
Living Area: 4,800
Year Built: 1967
Parking: Yes
Days on Market: 263
Description: Del Playa Apartments is a well maintained 4-unit (30 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 offers 15 bedrooms with a total of 30 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, partially 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. The property overlooks the beach to the south and Sabado Tarde Road is just north.

1541 College View Drive

Price: $3,900,000
Units Total: 0
Lot Size: 16,402
Living Area: 0
Year Built: 1962
Parking: 18
Days on Market: 14
Description: 12 units apartment in the prime location of Monterey Park with awarded Brightwood Schools. All units have updates kitchens, new counter tops and cabinets, and new floors. Some units have updates bathrooms. 8 units are two-level condo styles with 2 large bedrooms and 1.5 baths. 4 units are 2 bedrooms plus a den and 2 baths. Some units built with balcony. Some units have patio area. Gated parking and coin-operated laundry room on site with extra income. Each unit has storage cabinets at the parking area. Walking distance to East LA College, Metro station, shopping plaza, banks, markets and restaurants. Easy access to FWY 60 and 710. Few minutes to downtown LA, USC and California State Los Angeles University. High desirable rental area. No rent control. Current rent below market value, great potential!

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: 348
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.

215 East Edgewater Avenue

Price: $3,888,000
Units Total: 0
Lot Size: 2,347
Living Area: 0
Year Built: 1947
Parking: 2
Days on Market: 41
Description: Incredible Residential Income Investment* Vacation Rental* 3 + 2 and 2 + 2Prime bay front Duplex on the balboa Peninsula! This updated and renovated duplex has spectacular views of the Newport Harbor, Balboa Island and magnificent sunsets. This amazing opportunity includes its very own private and refurbished boat dock updated with newly installed solar lighting which is perfect for evening entertaining or relaxing watching the sunsets and boats sail by. The amazing dock accommodates a yacht. Upstairs unit is 3 bedrooms and 2 renovated bathrooms with expansive breathtaking views. The sliding wall of glass that leads to a large outdoor patio with newer awning which allow for an indoor / outdoor lifestyle and takes advantage of the amazing bay views and sunsets year round! Downstairs unit is 2 bedrooms and 2 renovated bathrooms with its own gorgeous views of the entire harbor with it own covered patio to enjoy the Newport lifestyle year round. This property also boasts its own elevator from the upstairs unit to the 2 car garage. This location is close to Balboa island, peninsula point, ‘The Wedge’ and miles of sandy beaches, shopping, restaurant, entertainment multitude of firework shows and boat parades seasonally. Please do not disturb occupants

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: 98
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.

Santa Barbara, 163 La Cumbre Road

Price: $3,175,000
Units Total: 0
Lot Size: 13,503
Living Area: 0
Year Built: 1968
Parking: 6
Days on Market: 41
Description: We are pleased to present this wonderful 10- unit asset located in the Hope neighborhood. First time on the market in more than 10 years! Nestled in a prime location near Sansum Clinic, Wells Fargo, Montecito Bank and Trust, Five Points Shopping Center, Whole Foods, Starbucks, La Cumbre Plaza, and Target–scheduled to open this fall. Nearby schools include Little Angels Preschool, Hope Elementary, Monte Vista Elementary and La Colina Jr. High School. The property offers a unit mix of (9) 1-bedroom, 1-bath apartments, (1) 2-bedroom, 1-bath house, carport parkingand a common laundry room for tenants. The lower units feature private, fenced outdoor patios and the house has a large fenced yard. Easy access to the 101 Fwy. And Hwy. 154. Rents are under-market providing lots of rental upside.

1520 South Oak Knoll Avenue

Price: $3,000,000
Units Total: 0
Lot Size: 15,865
Living Area: 0
Year Built: 1956
Parking: 2
Days on Market: 4
Description: Across the Street from the 5-Star Langham Hotel that gives this spectacular home amazing short-term rental potential, please see attached Pro-Forma document. Recently remodeled and expanded 3,500 + Square foot Mid-Century Modern, located in Pasadena’s most desirable Oak Knoll Area located merely steps away from the prestigious 5-Star Langham Hotel. This exquisitely updated and expanded masterpiece is tucked high above the street with views of the Langham Hotel and offers an amazing floor plan including a 1,000 + Square Foot great room with sliding doors that fully open to the back yard. This spacious light and bright home offers a incredible Master Suite with a dramatic fireplace and amazing vaulted cathedral ceilings. Also, large 2-car garage with large motor court with plenty of room and space to park 7-cars. Oak Knoll has been remodeled and expanded with very high-end finishes including Fleetwood Doors and Windows, Viking Appliances, and much much more. You will not want to miss this once in a life time opportunity!

1688 Quiet Oaks Drive

Price: $2,900,000
Units Total: 0
Lot Size: 473,933
Living Area: 8,304
Year Built: 1980
Parking: 2
Days on Market: 64
Description: Where do you start on a property like this? This is truly a one of a kind property. Spread out on just under 11 acres stand 5 fully permitted single family homes. The original home is a 5 bedroom, 3 bath 3904 sq.ft home, with an attached 2 bedroom, 1 bath “apartment” that is included in the square footage. The secondary home is a 3 bedroom, 2 bath, 2500 home (all dirt around this home will be filled with fresh sod in a week or two). Then there are three additional homes spread out amongst the property. The first is a 1 bedroom, 1 bath, 400 sq.ft home. The second is a 2 bedroom, 1 bath, 900 sq.ft home. The third is a 1 bedroom, 1 bath, 600 sq.ft home. Check out the map in the pictures to see the rental income breakdown of all the homes and the total income generated on a yearly basis. Owners have a transfer development credit (TDC) on file with the county so the lot can be split in to two 5 acre parcels. And if split, will be allowed to still build two additional homes. One secondary unit on one and one primary unit on the other. Did I mention the views? Enjoy sweeping views of Laetitia Vineyards all the way to the Pismo Heights and Bishops Peak from three of the residents! The owners used to run an elderly care facility out of the original main 3904 sq.ft home. Wedding venues, care facility, recovery facilities, the possibilities are endless with this truly one of a kind property. *interior pictures to come shortly! *

Pismo Beach, 361 Hinds Avenue

Price: $2,899,000
Units Total: 3
Lot Size: 7,250
Living Area: 6,663
Year Built: 2002
Parking: 8
Days on Market: 95
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!

318 Voluntario Street

Price: $2,695,000
Lot Size: 11,761
Year Built: 1966
Parking: Yes
Days on Market: 53
Description: Eight unit apartment building located close to the beach, shopping, Montecito and downtown Santa Barbara. The property consists of large units totaling approximately 5,550 square feetand provides for a unit mix of two 2BD / 1BA units and six 1BD / 1BA units. Recent upgrades include (but are not limited to) a newer roof, newer dual pane windows, new exterior paint, newplumbing (in portions), newer flooring, and newer appliances. Additionally, the property offers an onsite laundry room, 11 onsite parking stalls, separate gas and electric meters for each unit and leases that allow for a utility reimbursement from the tenants for water sewer and trash in excess of $500 per month. Great opportunity to buy a stabilized apartment investments withrealistic upside in obtaining increases in all the rents.

Oceano, 1111 North Strand Way

Price: $2,500,000
Units Total: 3
Lot Size: 5,980
Living Area: 3,920
Year Built: 2016
Parking: 4
Days on Market: 273
Description: Marketing Remarks: Reduced. Great NEWS. Appraised for $2,500,000. Appraisal was paid for by potential buyer, not owner! Compare to any LEED Beachfront units! Perfect for Multigenerational Families! 3 Units: Gramps-Mom and Dad-Kids! Price reduced to sell! Was $2,750,000. LEED construction. Assume loan of $1,424,000 at 6.99% with 1 point and qualify, EASY Qualify. If loan is Not assumed, then Prepayment Penalty of $43,500 added to Sales Price (Prepayment Penalty expires July of 2019. Then zero). $10,694 PER MONTH INCLUDES PITI and $1,300 PRINCIPAL REDUCTION. Solar ( $50,000 PAID for and included), On Demand Hot Water, Ductless Heating, Tankless Water Heater, built to LEED specifications, Passive Solar Design, 18 foot high ceilings, 2 x 6 fully insulated and sound proofed walls, and more! Commercial Zoning. $640 all utilities (EMAIL for Income / Expenses since completed March of 2016). 3 Units: $73,000 per year as Vacation Rental projected / Unit A 1,638 sq ft; $3,450 Leased / Unit B 1,820 sq ft; $2,000 Leased / Unit C 462 sq.ft. Furnishings and appliances to be INCLUDED. $500,000 CASH DOWN and seller and assumable financing on balance. Vacation Rentals projection is $170,000 per year! Vacation Rentals Projected CAP Rate is 4.0! BEACHFRONT! LOCATION, LOCATION, LOCATION! There are 39.54 million people in California (2017 census), guess how many people OWN Beachfront Property? You could Own a Multigenerational 3 Units! Submit cash offer.

Burbank, 2127 North Lincoln Street

Price: $2,399,000
Units Total: 0
Lot Size: 6,026
Living Area: 0
Year Built: 1990
Parking: 11
Days on Market: 19
Description: We are pleased to present a great opportunity to purchase 6 units multifamily investment property located in Burbank. Built in 1990, the building has an exceptional unit mix of (2) 3 + 2, (2) 2 + 2, (2) 1 + 1 1/2, situated over 6,000 sq.ft of land. The property features spacious units, approx. 5,824 sq.ft building size, intercom system, secured building access and parking, central A / C and heating, reflective coating roof, copper plumbing and balconies in all units. The property is in great condition and has a good curb appeal, separate gas and electric meters, owner owned laundry room and 11 parking spaces. It’s located in a non rent control, strong rental location, 2 blocks to Empire Center, minutes to IKEA and Downtown Burbank and near the major studios (Warner Bros., NBC Universal, and Disney).

Santa Barbara, 712 Anapamu Street

Price: $2,350,000
Lot Size: 10,019
Year Built: 1967
Parking: Yes
Days on Market: 42
Description: Eight-unit apartment located near downtown Santa Barbara close to Santa Barbara City College (SBCC), the Mesa, restaurants, shopping, parks, and only minutes to the beach and downtown Santa Barbara. This 5,240 square foot garden-style building consists of seven large 1BD / 1BA and one large 2BD / 1BAs and provides an expansive common courtyard, a large common second floor-deck with mountain views, eight onsite parking stalls, an onsite laundry room and private patios or balconies for all the units. All units are approximately 35% below market, allowing a buyer the opportunity to reposition the property and obtain a 5.0% + Cap Rate at market rents in one of the strongest rental markets along the Central Coast. The location of this property is ideally situated to allow a new owner to position the property to professionals, small families, or students due to the proximity to SBCC which is under served for student rentals. Please note the seller is providing interested buyer several reports and disclosures prior to submitting an offer including a Pest Report, Roof Reports, Sewer Lateral Inspection, and a Preliminary Title Report.

Pasadena, 881 North Oakland Avenue

Price: $2,200,000
Units Total: 0
Lot Size: 8,705
Living Area: 0
Year Built: 1963
Parking: 8
Days on Market: 12
Description: No rent control 8 unit garden-style Pasadena investment property, first time on the market in 30 years. Seven 1-beds and one 2-bed unit with carport parking for 8, and laundry room in the rear. Built in 1963, it totals 9 bedrooms, 8 baths in 5,204 sq.ft (approx.) on a 8,705 sq.ft (approx.) lot per assessor. 8 electric and 9 gas meters, 1 water meter, and all units have wall AC units. Offer subject to inspection. No sign, do not disturb occupants, do not go onto property.

Arroyo Grande, 210 Oak St.

Price: $2,200,000
Units Total: 0
Lot Size: 12,702
Living Area: 6,000
Year Built: 1984
Parking: 10
Days on Market: 73
Description: The possibilities are endless with this wonderful Commercial Property located in the heart of the Central Coast. Sitting just outside the Historic Village of Arroyo Grande is this 6,000 square foot commercial property configured with 10 bedrooms, 8-1/2 baths, a large dining room with fireplace, a full kitchen, and a large family room with fireplace and french doors opening to fully landscaped gardens. The bedrooms are large and include unique architectural and interior design features. The property itself consists of two parcels totaling nearly 1/3 of an acre, and has excellent visibility from US Highway 101. The grounds are fully fenced and very private, and include a 10-space paver-stone parking lot, 2 lovely gardens with lawns and mature fruit trees, a gorgeous gazebo, and a 50-foot stream with waterfalls and koi ponds.   This property is well suited for use as a unique Boutique Hotel, Air B and B, Restaurant and Events Location. Other possible uses include office space, multifamily apartment complex, senior care facility, coffee / beer / wine location, wedding venue, and so on. Bring your imagination, or adopt the previous owners’ creation as your own!

San Luis Obispo, 383 Lemon Street

Price: $2,195,000
Units Total: 6
Lot Size: 12,500
Living Area: 4,434
Year Built: 1935
Parking: 0
Days on Market: 84
Description: Here’s your chance to buy an amazing 6 unit income property close to Cal Poly and downtown San Luis Obispo that great for students. This property is leased out for the 2018/2019 school year and will bring in $13,350 per month and has room for more income the following year providing an even stronger CAP Rate. At its current rate, this is the best CAP Rate available in San Luis! The large 12,500 sq.ft property has just undergone a significant amount of work starting with new roofs and new paint on all buildings. Most units have new kitchen and bathroom cabinets, new counters and sinks, new water heaters, new furnaces, new tile and laminate flooring, and new windows. Even the yard ensures minimal maintenance for the new owner. The property is comprised of 4 buildings on the corner of Olive and Lemon St. It has (2) 3 bedroom houses, 1 duplex with 1 bedroom in each and another duplex with a 2 bedroom unit and a 1 bedroom unit. Coin operated laundry brings in additional income. Plenty of off street parking and a large, low maintenance courtyard make a great area to hangout after class. Each unit has separate electric meters that tenants pay. Owner pays for water, gas and trash.

Santa Barbara, 1426 BATH Street

Price: $2,195,000
Units Total: 3
Lot Size: 12,197
Living Area: 0
Year Built: 1880
Parking: Yes
Days on Market: 6
Description: Beautiful turn-of-the-century Victorian. The property is full of charm and history. This legal triplex was built in 1880 and has been meticulously maintained and upgraded. High ceilings, hardwood floors, lush landscaping, ample off street parking, plus 2 car garage, and storage building. The main residence is on the ground floor, it is private and spacious, has 3 bedrooms, 2 bathrooms, an open kitchen, and lots of extra space. The two upper units have a separate entrance, and each are 2 bedrooms and 1 bathrooms. The property shows beautifully, has updated plumbing, electrical, and many nice finishes.

Alhambra, 117 South Granada Avenue

Price: $2,000,000
Units Total: 0
Lot Size: 7,265
Living Area: 0
Year Built: 1963
Parking: 6
Days on Market: 15
Description: AGGREGATE INVESTMENT PARTNERS of KW Commercial is pleased to present the opportunity to purchase this 5 unit multifamily apartment complex in Alhambra, California. This well-maintained asset presents an excellent opportunity for an investor to ownin this highly desirable area / street of Alhambra. The building itself consists of + / – 4,609 sq.ft and sits on + / – 7,265 sq.ft of land. 117 S. Granada Avenue has an outstanding unit mix of one 3 Bed + 2 Bath, and four 2 Bed + 1 Bath units. The property has ample parking space allowing 6 covered spots. This location offers great convenience with short walks to Granada Elementary School, CVS Pharmacy, Sprouts, McDonald’s, 99 Ranch Market, and other Main Street restaurants and shops.

Santa Barbara, 1530 Bath Street

Price: $1,985,000
Units Total: 0
Lot Size: 6,534
Living Area: 0
Year Built: 1960
Parking: 4
Days on Market: 71
Description: Great opportunity to own this attractive 5-unit complex in the desirable Oak Park neighborhood. Located just a few blocks from downtown Santa Barbara’s restaurants, theaters, public transit and easy freeway access making it highlydesirable for potential tenants. The unit mix consists of (2) 2BD / 2BA and (3) 1BD / 1BA units, with on-site common laundry and 6 carport parking spacesplus an additional parking space (not covered), new dual pane windows andnew landscaping. All units are separately metered for gas and electricity. Apartment #2, a 2BR / 2BA unit, features major upgrades with new appliances, baseboards, doors, two tone paint, modern fixtures, LED lighting and more. With its excellent location, laundry facilities and carport parking, this small complex offers a great investment to add to an existing portfolio or the perfect opportunity for a first time investor.