Residential Income, California | Page 1 -001-11-30T00:00:00-08:00
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Temecula, 36506 Via Verde

Price: $9,999,999
Lot Size: 430,373
Living Area: 16,000
Year Built: 1987
Parking: Yes
Days on Market: 47
Description: This established operating winery is located right on the De Portola Wine Trail in the very heart of the Temecula Wine Country. There are over thousands of wine club members and the winery has a fine reputation as an entertainment venue. A jazz band plays at the spacious covered patio overlooking the valley on weekends. This winery is a very popular location for weddings, family reunions and corporate events. Being the only dug-in wine cave into the hill in Southern California, the wine cave has over 10,000 sq.ft of indoor space to hold parties. The current annual production is about 9,000 cases and the wines have won several leading awards. There are 10 acres of land with the following grape varietals planted since 2005: 1.3 acres Merlot, 1.25 Pinotage, . 279 Mourvedre, . 465 Primativo, . 397 Petite Verdot, . 3 Petite Sirah, 1.25 Cabernet Sauvignon, 1 Malbec and 2.2 Cabernet Franc. The winery business has all the licenses required to operate and is in a sound financial footing. Along with wine-making equipment, there is also a kitchen to cater food for the events held on site.

28718 Old Town Front Street

Price: $6,500,000
Units Total: 1
Lot Size: 28,750
Living Area: 7,000
Year Built: 1989
Parking: Yes
Days on Market: 1425
Description: Located right at the South entrance of the Old Town Temecula, Rodeway Inn Temecula is a bed and breakfast-style hotel with 39 meticulously clean rooms and a beautiful swimming pool. The hotel has a strong profit record and there may even be room for further expansion. It is within walking distance of festivals, antique shops, Children’s Museum, night life activities, family diners, bars, fine restaurants and many wine tasting rooms in the famous Western frontier style old town. The hotel is also within short driving distance to 44 + large, medium and boutique wineries on Rancho California Rd and De Portola Rd Wine Trail in the most famous wine country in SoCal, the CrossCreek Golf Club up in the Santa Rosa plateau and many area tourist attractions such as Lake Skinner, Diamond Valley Lake, Lake Elsinore, Pechanga Casino, Pala Casino, hot air balloon paunch pads and Galway Downs horse eventing show ground as well as the Temecula Valley Polo Club. It is one of Southern California’s main year-round tourism centers.

588 East SAN LORENZO Road

Price: $5,500,000
Units Total: 13
Lot Size: 31,799
Living Area: 14,000
Year Built: 2012
Parking: Yes
Days on Market: 19
Description: RSL Luxury Hotel Condominiums offered in its entirety or each of the 12 Turn-Key furnished units can be sold individually. Diverse income / management opportunities: Boutique Luxury Hotel (active Hotel License), Vacation rentals, Corporate or family compound, extended stay or sober living facility. Separate 2012 electric and gas meters, 13 APN Numbers (1 for office). Rebuilt from ground up in 2012 and taken to next level in 2018 with a new resort style Pool and Spa area, 12 New Carports plus secured, gated open parking. New courtyard featuring uniquely designed spaces for each ground floor unit. High end Finishes in all units with full kitchens. Eleven 2 bedroom, 2 bath homes plus a 2100 sq.ft 2 level Penthouse (Owners Unit) with 3 bedrooms and 3 bathrooms. Spacious front Lobby / Office. W / D in all units. Social area with outdoor kitchen, BBQ and fire pit. Water features and wrap around koi streams. Property is fully Fire Sprinklered with alarm and sound system. Exceptional surrounding Views

Thermal, 69245 Polk Street

Price: $5,200,000
Units Total: 3
Lot Size: 6,272,640
Living Area: 1,600
Parking: 0
Days on Market: 63
Description: The Brown Date Garden has been a flourishing farm since the 1930’s. A one of a kind fully functioning date and citrus ranch that is a total of almost 144 acres, 57.8 on the west side of old Hwy 86 and 86.5 on the east side. The owner has spent the last five years eliminating old trees and replanting for future profit. There are numerus new trees and several acres of various Certified Organic fruit and Medjool Dates. The property includes a packing and distribution facility, four wells, two machine shops and cold storage, and a three-bedroom home. Date trees include Medjool, Barhee, Deglet Noor and Zagloo. Citrus trees include Minneola Tangelo, Sweet Lime, Grapefruit (White, Ruby, Rio Red), Lemon and Blood Orange. The potential for profit is huge with the investments and improvements made over the past five years. APN #’s 751-290-004,014,015 and 016 and 751-280-012 and 015 are all included. Trucks and equipment are negotiable outside of escrow.

Moreno Valley, 24426 Dracaea Avenue

Price: $4,900,000
Units Total: 18
Lot Size: 993
Living Area: 27,000
Year Built: 2007
Parking: 2
Days on Market: 422

754 East SAN LORENZO Road

Price: $3,750,000
Units Total: 18
Lot Size: 43,200
Living Area: 11,880
Year Built: 1951
Parking: Yes
Days on Market: 200
Description: Many improvements including a heated saltwater pool and saltwater spa; professional artificial turf putting green; and custom micromist system around the poolside gazebo and 8 palm trees. Priv wifi and modem, and elec f / p’s, in every room. 18 single story bungalows w / stunning mountain and garden views on. 99 / acre of lush lawns and fragrant gardens. High open wood beam ceilings and clerestory windows add light and brightness to the bungalows. All laundry done onsite. Property has thousands of repeat guests and a great 2018 season already lined up. Business and real property being sold together. Awards include the five star Trip Advisor Certificate of Excellence every year from 2011 to present; and HotelsCombined 2017 Recognition of Excellence which includes A Place in the Sun in the top 3% of properties for Customer Satisfaction in the USA. OREL

San Bernardino, 1414 Citrus Street

Price: $3,425,000
Units Total: 36
Lot Size: 48,212
Living Area: 30,898
Year Built: 1963
Parking: 42
Days on Market: 36
Description: RECENT PRICE REDUCTION. Seller is motivated. Actual CAP of 7.28% and a GRM of 8.33. Recent Capital Improvements, Under New Management, Property is 100% Occupied and Stabilized / Non-Rent Control Community and Area. Located 5 Minute from San Manuel Indian Casino and 14 Minutes from CSUSB / Rental Comparables Illustrate a 98% Occupancy Area. Neighborhood Has Experienced A Recent Revitalization / 5% Upside in Potential Rental Income. Per Recent Rental Survey Neighboring Rental Comps Reflect Room For Rental Increases / BBQ / Pool Area, Onsite Laundry, Gated and Covered Parking. The Cedarwood Apartments are situated on a large 1.11 acre lot. This thirty six unit apartment community is composed of all two bedroom / one bathroom units. The Apartment community is located in the East Lynwood Drive / Del Rosa Avenue area. The areas real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and apartment complexes. Many of the residences in the East Lynwood Drive / Del Rosa Avenue neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999. Home and apartment vacancy rates are 5-10% East Lynwood Drive / Del Rosa Avenue area. Analysis shows that this rate is lower than 40% of the Neighborhoods in the nation, approximately near the middle range for vacancies.

Blythe, 400 North PALM Drive

Price: $3,300,000
Units Total: 70
Lot Size: 402,494
Living Area: 66,000
Year Built: 1991
Parking: Yes
Days on Market: 521
Description: Now fully rehabbed and vacant units ready to be leased up, Recently Foreclosed, Newer 1991 built Pride Garden apartment complex consisting of 70 units in 15 buildings plus rental office, of which 30 are 2 Bedroom 1 bath and 40 are 3 bedrooms 1.5 bath townhouse style, over 2.5 Million spent to rehab complex in 2008 total cost over $9M. Building is currently 50% rented with rents that are 30% below market, Market rents are 725 for the 2 bedrooms and 800-825 for the 3 bedrooms market rents, each unit has own laundry hook ups and water heater. Amenities include: Pool, Rec room, secured ample parking, each unit has its own outside private storage room, Tremendous long term upside on rents. Now fully rented, Courtyard style garden apartment complex, two triplexes across each other in a peaceful and quiet setting, all units recently maintained, low maintenance and easy management, 10 covered parking space and two car private garage, plus extra land behind building for more cars or

21796 Cottonwood Avenue

Price: $2,999,990
Units Total: 6
Lot Size: 132,858
Living Area: 4,000
Year Built: 1960
Parking: 0
Days on Market: 263
Description: This property has 6 units on 6 Acres of land to develop for multiple family. Land value only. Good to have some income till you get entitlement. Great demand for apartments in this Area. Huge development is going on in Moreno Valley as AMAZON is building 40 Million Sf logistic center. Average unit cost in Moreno VAlley Selling over $200k / unit. Great price for multiple family land use. According to city you can build from 90- 120 units. Please confirm with city for Zoning

4100 Harrison Canyon Road

Price: $2,999,000
Units Total: 25
Lot Size: 94,865
Living Area: 19,554
Year Built: 1963
Parking: Yes
Days on Market: 362
Description: A Truly Unique property. 25 unit apartment complex on the east side of the 215, which backs up to the foothills. This property feels more like a condo complex. This well maintained complex has single story and 2 story units. Pool, laundry room. Off the beaten track, quiet, secluded.

220 South PATENCIO Road

Price: $2,500,000
Units Total: 8
Lot Size: 11,427
Year Built: 1930
Parking: Yes
Days on Market: 287
Description: Class A iconic hotel (on hotel row) in the famous Tennis Club. Property is surrounded by multi-million dollar hotels and resorts and this is one of the best Inns in Palm Springs! Created in the spirit of the “Old West” the heritage of Palm Springs awaits you at the Old Ranch Inn. Totally remodeled and restored back to its “glamour days”. Located just steps away from downtown Palm Springs! This award winning Inn offers eight beautiful (private) guest suites surrounded by lush landscaping and stunning mountain views! Gorgeous pool and 9th suite option available. ORI has a proven sales history with strong bookings for 2018! 5 Star Trip Advisor rating and Continental breakfast now offered and being well received by over 500 current and returning guests. RARE OPPORTUNITY!

Victorville, 16669 South D Street

Price: $2,225,000
Units Total: 0
Lot Size: 40,915
Living Area: 40,915
Year Built: 1981
Parking: 0
Days on Market: 41
Description: There are a total of 52 spaces on this mobile home park. Park includes an office and laundry mat. This is a great source of income for any investor, most of the mobile homes are included in the list price.

598 South GRENFALL Road

Price: $2,195,000
Units Total: 9
Lot Size: 13,400
Living Area: 0
Year Built: 1958
Parking: Yes
Days on Market: 32
Description: LOCATION, LOCATION, LOCATION! *The Century Hotel* This nine unit Alexander designed hotel is strategically located in the Warm Sands neighborhood providing unparalleled mountain views with an easy walk to downtown. Completely private, each individual room opens to the pool and lounging area. Looking for a wonderfully maintained property? Look no further. Pride of ownership is apparent throughout this property.

Palm Springs, 200 Cahuilla Road

Price: $2,150,000
Units Total: 7
Lot Size: 10,019
Living Area: 3,400
Year Built: 1949
Parking: 0
Days on Market: 144
Description: WOW! Rare opportunity to own a charming and intimate family compound, corporate retreat, or boutique hotel in the picturesque downtown Historic Tennis Club Neighborhood. This 7 bedroom, 7 bath desert jewel is in a prime location less than a two minute stroll to famed Palm Canyon Drive, the center of the Palm Springs village where you’ll enjoy fine shopping, restaurants, theaters, museums, gaming and galleries. Golfing at the famed O’Donnell Golf Club is only 2 blocks away. This paradise features a 1 bedroom, 1 bath main house with fireplace, office, and a delightful outdoor dining pergola with fireplace, plus 6 additional poolside suites, most with kitchenettes. The lushly landscaped courtyard has an inviting saltwater pool and cascading fountain with spectacular close-up mountain views. Turnkey furnished. The property shows true pride of ownership! Currently used as a family compound, but could easily be re-opened as a boutique hotel or vacation rental. Buyer to verify all information

Big Bear, 40598 Big Bear Boulevard

Price: $2,100,000
Units Total: 33
Lot Size: 53,000
Living Area: 13,540
Year Built: 1963
Parking: 0
Days on Market: 423
Description: Conveniently located right across the street from the Bowling Barn and Funplex, this 33-room buinding on Big Bear Blvd is the main part of the total 66-room Knights Inn motel which is within walking distance to the fine dining and cinemas in the Big Bear Lake Village. The business is composed of two separate buildings. There is another 33-room building across a street on Lynn Rd under a different listing. In addition, there are three immediately adjacent empty lots for further development under yet another land listing. They could all be purchased together. It is also within walking distance to the marinas for boat launch, boat rentals and all kinds of water sports. Snow Summit and Bear Mountain ski slopes are a short drive away. With some property renovation investment this property could easily become a premier lodging facility in Big Bear Lake due to its excellent location. This listing price includes the Knights Inn franchise business.

Palm Desert, 73135 Tumbleweed Lane

Price: $1,795,000
Units Total: 7
Lot Size: 25,700
Living Area: 4,845
Year Built: 1993
Parking: 7
Days on Market: 53
Description: This custom estate was originally built and operated as Tres Palmas, a successful Bed and Breakfast resort. Prime South Palm Desert locale, a half block from all that El Paseo (known as the Rodeo Drive of the Desert) offers including fine dining, boutique retail, and art galleries just minutes away! Turnkey furnished, this 7-bedroom / 8-bath property offers 4,845 sq.ft of living space on a 25,700 sq.ft lot. Panoramic mountain views highlight desert living with large pool, spa and built-in barbecue. Conditional Use Permit for Bed and Breakfast goes with the property, however other possible use opportunities could include short term vacation rental, cosmetic surgery outpatient recovery, corporate retreat or family compound. Let your imagination run wild on how to enjoy and use the endless potential this fine estate offers.

44600 San Rafael Avenue

Price: $1,700,000
Units Total: 11
Lot Size: 22,651
Living Area: 7,775
Year Built: 1985
Parking: 10
Days on Market: 84
Description: Marcus and Millichap is pleased to exclusively market for sale San Rafael Apartments an 11-unit 62 + Senior Apartment Community, located in the city of Palm Desert. Built in 1985, the property is comprised two buildings on two separate parcels totaling approximately one half acre. The unit mix consist of six 1 bedroom / 1 bathroom and five 2 bedrooms / 1 bathroom. Construction is wood frame with stucco exterior, and Spanish tile roof. This property is located in a residential neighborhood and surrounded by single family homes and small apartment communities. San Rafael Apartments are less than a ten-minute walk and five-minute drive to famous El Paseo Drive. El Paseo Drive is Palm Desert’s main shopping district. The area around the street has evolved into an upscale shopping district featuring 150 boutiques, art galleries, and restaurants. El Paseo is often compared to Beverly Hills’Rodeo Drive due to its concentration of posh retail outlets, high end restaurants, and lush landscaping. This offering presents an investor with the opportunity to acquire a turnkey asset in a great central Palm Desert location with plenty of upside. Currently the average rental rate at the San Rafael Apartments is 25% below market which is highlighted in the Rental Survey.

Indio, 83405 Date Avenue

Price: $1,699,000
Units Total: 12
Lot Size: 34,848
Living Area: 34,848
Year Built: 1996
Parking: 24
Days on Market: 29
Description: FULLY RENTED 12 Unit Income Property with all 3 bedroom / 1 bath. 11 units are two story. Across the street from a park. Within driving distance of highway and shopping centers. Built in 1996 and well maintained.

Big Bear, 563 Lynn Road

Price: $1,600,000
Units Total: 33
Lot Size: 25,300
Living Area: 14,904
Year Built: 1967
Parking: 33
Days on Market: 183
Description: Conveniently located right next to the Bowling Barn and Funplex on Lynn Rd. This is the second part of Knights Inn business. It has 33 interior corridor motel rooms. The location is within walking distance to the fine dining and cinemas in the Big Bear Lake Village. There is an unused indoor swimming pool. The business is composed of two separate buildings. There is another 33-room main building across a street on Big Bear Blvd under a different listing. In addition, there are three immediately adjacent empty lots for further development under yet another land listing. They could all be purchased together. This listing price is without the Knights Inn business franchise.

Fontana, 8404 Cottonwood Avenue

Price: $1,400,000
Units Total: 2
Lot Size: 103,673
Living Area: 1,944
Year Built: 1926
Parking: Yes
Days on Market: 175
Description: Fantastic property located in Fontana! Featuring two homes (duplex) on over a 2-acre land lot! 8416 Cottonwood Avenue offers three bedrooms and one bathroom. Second home, 8404 Cottonwood Avenue offers two bedrooms and one bathroom. Both have tile flooring in the main living areas, kitchen and bathrooms with carpeted bedrooms. Both units are well-lit and spacious, have baseboard molding, ample number of windows and an amazing floor-plan! With so much possibilities, all you need if your imagination and your ideas! This is the perfect investment property, you won’t easily find another one like this!

Colton, 120 East E Street

Price: $1,400,000
Units Total: 4
Lot Size: 15,000
Living Area: 5,907
Year Built: 1885
Parking: 3
Days on Market: 47
Description: The Colton Cottage and Restaurant Building is located in downtown Colton, California. Both the restaurant and the residential cottages are currently vacant. An owner / user may also be able to obtain favorable Small Business Administration (SBA) financing. Effectively, it may be more economical to own the restaurant building rather than lease space considering today’s low interest rates and the potential tax advantages of the real estate ownership. The Colton Cottages and Restaurant are situated on two adjacent land parcels totaling approximately 0.34 acres of land. The property is well landscaped with lush but low maintenance plantings of grass, trees and shrubs. It appears that the cottages were built in the 1940’s and the restaurant may have been built in the mid-1960’s. The Victorian home may have been built in 1885. All properties have experienced various rehabs and restorations throughout the years. The three cottages are all stand-lone “little-homes” that feature classic wood floors and garage parking. These cottages also have newer roof-mounted air conditioners. All of the cottages are one bedroom / one bath. The historical Victorian home is two-stories and consists of 1,657 sq.ft. This property is on its own parcel directly adjacent to the restaurant building. The interior of this home is absolutely beautiful with all kinds of period-correct appointments and architectural features.

Palm Desert, 46050 Highway 74

Price: $1,349,000
Units Total: 7
Lot Size: 18,366
Living Area: 6,106
Year Built: 1963
Parking: Yes
Days on Market: 158
Description: We present you the El Paseo Garden Apartments, a 7-Unit, income property located at 46050 Highway 74 in Palm Desert, CA. The subject property is conveniently located near great dining and shopping at El Paseo. Conveniently located close to charter schools and the living desert. The property is within short distance to the 10 Freeway as well. Built in 1963 and 100% occupied, the property has an excellent unit mix. There are Four 2 bedroom, 2 bath units, Two 1 bedroom, 1 bath units, and One 3 Bedroom, 2 bath home. The property is not subject to rent control. The El Paseo Garden Apartments provide investors with the unique opportunity to capitalize on a current revenue stream with upside potential in current rents, in a strong rental market.

201 West Graham Avenue

Price: $1,300,000
Units Total: 0
Lot Size: 20,038
Living Area: 6,800
Year Built: 1887
Parking: 16
Days on Market: 47
Description: The Historical Jewel of Lake Elsinore currently known as “The Chimes”, built in 1887 by Frank Ferris and Franklyn Heald as their “Crescent Bath House” on the corner of Graham Avenue and Spring Street. This unique historic landmark has been recognized and placed on the prestigious “National Register Of Historic Places by The United States Department Of Interior”. This property is Victorian with a hint of eclectic American interpretation of the neo-Moorish vernacular architecture. Downstairs is currently a Real Estate Brokerage, an adjacent parlor lounge, kitchen and bathroom. There is an 85′ hallway that once led to ten Sulfur Mineral Spring Baths, currently office space and living suites. Perfect for a lovely Bed and Breakfast w / 3,000 sq. Ft. Of porch or restaurant and overflow seating for a large event. Room for a Spa to utilize the Sulfur Mineral Springs. The courtyard has been utilized for events w / accessibility to the unit previously leased as a Tea House. Upstairs is a beautiful loft living quarter w / a bath and kitchen, and wrap around porch w / peek-a-boo of Lake Elsinore. Engineer indicated 1,500 sq. Ft. Above second floor could be built-out to capture an unobstructed view of stunning Lake Elsinore and the majestic Temscal Valley Mountains. Previously used for; Event Site, Weddings, Bathhouse with an indoor pool, Interior Design Studio, Hotel, Movie Set, Tea House, Antique Store, Office Suites, Medical Office, Florist, Living Suites and more. The Property is priced to sell!

San Bernardino, 708 West 9th Street

Price: $1,299,000
Units Total: 9
Lot Size: 10,275
Living Area: 6,350
Year Built: 1910
Parking: 11
Days on Market: 34
Description: One of a kind investment opportunity located in the heart of San Bernardino. This unique property has 9 units, to include a single family residence. The property has been fully remodeled top to bottom. All new plumbing (tank less water heaters), electrical, fencing, landscaping and completely new upgraded interiors. There is a separate 3 bedroom, 2 bath house and 8 apartment units providing a solid 6.37 Cap Rate. The entire property is fully enclosed with two entry points, over 12 parking spaces, 2 garages, plus an optional laundry area. The property is 100% occupied and they are on month to month leases so you can choose all your own tenants or ideal for a large extended family plus opportunities for additional income. This property is ideal for the quality minded investor who is looking for a turn key property that will attract quality tenants and providing a long term solid investment. A must see property with too many features to list. Property includes APN 0140-134-09 and 0140-134-10.