Residential Income, California | Page 1-001-11-30T00:00:00-08:00
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Palm Desert, 40890 SANDY GALE Lane

Price: $8,772,000
Units Total: 51
Lot Size: 475
Living Area: 47,725
Year Built: 1985
Parking: Yes
Days on Market: 305
Description: Pacifica Real Estate Services, Inc. Is offering 51 condominiums for sale within the 100-unit, resort-style Royal Palms community in Palm Desert, California. The property was built in 1985 and just underwent a major common area and unit renovation in 2017-18; the common area improvements include newly-resurfaced swimming pools, new patio furniture, and water-efficient desertscape; the extensive unit improvements include new cabinets, stone countertops, lighting fixtures, electrical outlets, plumbing, wood-style tile flooring, new paint, and upgraded appliances. The 51 units owned by Pacifica and offered for sale consist of 49 two-bedroom units ranging from 925 to 1,200 sq.ft and two one-bedroom units with 750 sq.ft. With a per-unit sale price of $172,000, these beautifully renovated units are a great investment opportunity, well below the $250,000 sales price they commanded when sold individually in 2006.

Victorville, 14243 Rodeo Drive

Price: $6,590,000
Units Total: 60
Lot Size: 111,325
Living Area: 48,726
Year Built: 1986
Parking: 60
Days on Market: 241
Description: Northport Apartments is a 60-units community, situated on 2-1/2 acres, consisting of seven residential 2-story buildings, a pool, and laundry facilities. The location of the complex is just minutes from shopping, public transportation, and access to interstate 15. Northport offers exclusively two bedroom, two bath floor plans with either an upstairs balcony unit, or a downstairs garden patio.

Loma Linda, 25356 Cole Street

Price: $6,500,000
Units Total: 24
Lot Size: 43,995
Living Area: 20,430
Year Built: 1968
Parking: 48
Days on Market: 56
Description: The property is conveniently located walking distance from the Loma Linda University, the Loma Linda University Medical Center, the Veteran Healthcare System and many major regional employers. This 24 unit apartment community is composed of all large two bedroom / one bathroom units, of approximately 879 Sq. Ft. The current ownership’s emphasis has been on quality updates which include recent capital improvements that exceed $500,000. A small protype of 4 units have been extensively updated with extra large kitchen islands. These units are garnering a premium in rental income exceeding $1,550 a month. Unit upgrades consist of stainless steel appliances, maple wood cabinetry, granite countertops, wood style Brava plank flooring, dual pane “Low-e” windows, and mirrored closet doors. Common area improvements consist of newly landscaped frontage and renovated laundry rooms. Technological and security upgrades include property wide Wi-Fi internet and 8 camera security system. Scheduled maintenance, quality updates and improvements have always been a priority for the owner and make this property, a true turnkey asset for prospective buyers, who are looking for peace of mind, knowing they invested in a quality property, that will require minimal maintenance, for decades to come. As a result, the property demonstrates a minimal turn over and vacancy, in comparison to similar properties.

Ontario, 1102 East G Street

Price: $5,980,000
Units Total: 24
Lot Size: 77,101
Living Area: 18,792
Year Built: 1963
Parking: 41
Days on Market: 15
Description: A Fantastic Investment Property in Ontario. 1102 E. G Street is a 24-Unit Apartment Complex, comprised of 12 structures (12 duplexes style layout). Every two-units sharing only one common wall. Total Building size of 18,792 Rentable SF. And 77,101 sq.ft. Lot Size. Very attractive unit mix with All 2 Bedrooms / 1 Bath. This is an extremely rare investment offer. Huge upside in Rent (Approx. 15% upside in rent. Stabilized CAP Rate is over 4.70%). All units have their own garage and backyard. All units are individually metered for electricity. 24 individual water heaters. 24 attached Single Car Garage (one garage per unit). Total 17 Open Air Parking Spaces available for tenant to rent. Well maintained property. High rental demand area with very low vacancy rate. Conveniently located near the 10 and 60 Freeways. Rents are currently below market with significant upside in this Non-Rent Control area.

1535 East Date Street

Price: $5,500,000
Units Total: 13
Lot Size: 58,370
Living Area: 27,644
Year Built: 1984
Parking: Yes
Days on Market: 225
Description: Investment Property 1535 E. Date Street San Bernardino, Ca. 92404-2847 comes to the real estate market with 40 units. The apartment complex is gated. Parcel Number is 0272-192-09. The Name of the apartment complex some call it “Date Apartment” The 40 units are (8) units are 2 bedrooms with 2 bathrooms; (16) units are 2 bedrooms with 1 bathroom; (16) units are 1 bedroom with 1 bathroon. Out of the 40 units (8) units are section 8. The Date Apartment Complex are 4 buildings each of the building are 2 stories. According to public records the year built is 1984, building area total is 27,644 sq. Ft., Lot size is 58,370 sq. Ft. The parking spaces are inside the property. The water, trash, gas, electric are all paid by the tenants. Property comes with (40) separate gas meters; (40) separate Electric Meters and (1) water meter. There is a gated pool that is shared with the tenants. The complex also has a laundromat that is shared by the tenants. Please view the pictures to see more of what this investment property has to offer and #of units 13 is wrong it is 40 units. It is 40 units please download the information on the supplements.

Fontana, 8424 Cypress Avenue

Price: $5,250,000
Units Total: 15
Lot Size: 54,739
Living Area: 15,450
Year Built: 2018
Parking: 30
Days on Market: 45
Description: One of the best income properties available in the market, a brand new apartments complex of 15 units that was just completed and 100% leased, located in area with high rental demand that makes the vacancy factor zero, a state of art complex with a lot of upgrades included.

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: 427
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.

350 East PALM CANYON Drive

Price: $4,500,000
Units Total: 30
Lot Size: 61,000
Living Area: 0
Year Built: 1960
Parking: Yes
Days on Market: 50
Description: Premium South Palm Canyon location surrounded by boutique hotels and restaurants, El Moro Villas includes two parcels totaling just under an estimated 1.5 acres of land lot size. Options are limitless for a new buyer. The property historically used at one time as a hotel / short-term offering, and for the past 15 + years has been utilized as long-term fully furnished studio apartments. The property currently includes 30 total units, plus an onsite office and an additional large storage or small retail / restaurant space having the required plumbing. Current tenants experience high quality residential living with resort like amenities such as an oversized pool and spa, lush landscaping and all-inclusive utilities including cable and internet. New buyer may capitalize on the surging boutique hotel demand or continue operating as studio apartments.

Corona, 208 South Vicentia Avenue

Price: $4,375,000
Units Total: 20
Lot Size: 32,234
Living Area: 18,104
Year Built: 1988
Parking: 40
Days on Market: 49
Description: 208 S. Vicentia Avenue in the city of Corona is located in western Riverside County bordering both Los Angeles and Orange Counties. Corona is located near major freeways such as the 91,15,241,71,215 and 60 providing easy access throughout Southern California. In recent years, Corona has been experiencing immense growth with over 34 million square feet of industrial space and more than 3 million square feet of office space making Corona a desirable place to live. This investment opportunity was built in 1988 and features 100% two bedroom units. The three types of units include (8) two bedroom / one bathroom units, (8) two bedroom / one bathroom “Large” units and (4) two bedroom / one bathroom plus den. 208 S. Vicentia Avenue features gated subterranean parking and additional open parking, gated entry, on-site laundry and patios. This ideal location is withing a mile of the 91 and 15 freeways as well as a Metrolink Station providing easy access to transportation for tenants. With upside in rents, not being subject to rent control, this is an investment perfect for all investors. *100% 2-Bedroom Units, *Ideal Location Near Major Freeways and Metrolink Station, *1988 Construction, *Considerable Upside in Rents, *Not Subject to Rent Control, *Newly Renovated Exterior and Interiors

Upland, 571 Richland Street

Price: $4,200,000
Units Total: 18
Lot Size: 18,295
Living Area: 16,719
Year Built: 1965
Parking: 18
Days on Market: 105
Description: Property Highlights; Competitive Offering Actual CAP Rate of 4.24 % / Attractive Market ProForma CAP Rate of 4.85 %, Actual GRM of 14.63, With a ProForma GRM of 13.51, Over $100,000 in capital expenditures invested in fully renovating 9 units, new copper plumbing (Type L), and shut off valves installed for the upper and lower units. Conservative 5-7 % Upside in Potential Rental Income Non-Rent Control Community and Area. Long Term Tenants With Upside in Potential Rental Income The Apartment is 100 % Occupied and Rental Comparables Illustrate a 98% Occupancy Area. Turn Key Financeable Asset. The Richland Apartments consist of (1) 1-bedroom 1-bath unit and (18) 2-bedroom 1-bath units on a 18,295 square foot lot. The two bedroom units are large and open being nearly 945 sq.ft each. The asset provides tenants with secured carport parking, storage, updated landscaping and an onsite laundry facility. The property is conveniently located near San Antonio Community Hospital which is the largest employer of Upland. Edison Elementary and Upland High School are within walking distance from this location. Public transportation such and the Upland Metrolink and Ontario Airport are conveniently located minutes away from the Richland Apartments.

Hesperia, 8531 Glendale Avenue

Price: $4,000,000
Units Total: 0
Lot Size: 3,620,707
Living Area: 10,215
Year Built: 1950
Parking: 3
Days on Market: 215
Description: The Luckey Alfalfa Ranch! 83 + acres 4 parcels including 10 outbuildings at 10,215 square feet; 3 homes with 9 bedrooms 8 bathrooms at 7,446 square feet; an office with bathroom at 1,750 square feet; 70 + acres of prime agricultural land most recently farmed as Alfalfa; 300 acre feet water shares in the Mojave Water Basin (Alto-Sub Area) currently valued at $1,500,000. The possibilities for the 60 + acres (Parcel #24 and #48 – Zoned Rec / Com and A-2) which are contiguous are numerous; Agricultural: Alfalfa, Sod Farm, Tree Farm, Pistachio, Jujube, Peaches, Nectarines, Plumbs, Pears and Cherries, Carrots, Onions, Small Grains, Hemp, Grapes / Wineries. In addition to the Agricultural possibilities there are other developmental possibilities: Sports Complex (Soccer, Baseball, Foot Ball, Skate Park, Polo Fields), Music Concert Venue, Alfalfa Museum, Solar Farm, Wind Farm, Arboretum, University (Weather and Agricultural Studies), Stadium Site, Mini NFL Camp, Horse – Dog – Race Car Track Site, Rodeo Site, Horse Farm, Fairground Site, Private Air landing Field and Runway, Mobile Home or duplex sites along the southern border. The development possibilities increase as you head north to the NE corner of Rocksprings and Glendale – This piece is 15.43 acres 10 + acres is Buildable – Currently Zoned A-2 buildable unit=2.5 acre. To the immediate W and SW of the property are 18,000 to 20,000 sq. Ft. Home sites creating a possible 20 -. 5 acre developable home sites.

Hesperia, 8531 Glendale Avenue

Price: $4,000,000
Units Total: 4
Lot Size: 3,620,707
Year Built: 1950
Parking: 162
Days on Market: 139
Description: The Luckey Alfalfa Ranch! 83 + acres 4 parcels including 10 outbuildings at 10,215 square feet; 3 homes with 9 bedrooms 8 bathrooms at 7,446 square feet; an office with bathroom at 1,750 square feet; 70 + acres of prime agricultural land most recently farmed as Alfalfa; 300 acre feet water shares in the Mojave Water Basin (Alto-Sub Area) currently valued at $1,500,000. The possibilities for the 60 + acres (Parcel #24 and #48 – Zoned Rec / Com and A-2) which are contiguous are numerous; Agricultural: Alfalfa, Sod Farm, Tree Farm, Pistachio, Jujube, Peaches, Nectarines, Plumbs, Pears and Cherries, Carrots, Onions, Small Grains, Hemp, Grapes / Wineries. In addition to the Agricultural possibilities there are other developmental possibilities: Sports Complex (Soccer, Baseball, Foot Ball, Skate Park, Polo Fields), Music Concert Venue, Alfalfa Museum, Solar Farm, Wind Farm, Arboretum, University (Weather and Agricultural Studies), Stadium Site, Mini NFL Camp, Horse – Dog – Race Car Track Site, Rodeo Site, Horse Farm, Fairground Site, Private Air landing Field and Runway, Mobile Home or duplex sites along the southern border. The development possibilities increase as you head north to the NE corner of Rocksprings and Glendale – This piece is 15.43 acres 10 + acres is Buildable – Currently Zoned A-2 buildable unit=2.5 acre. To the immediate W and SW of the property are 18,000 to 20,000 sq. Ft. Home sites creating a possible 20 -. 5 acre developable home sites. Association Amenities: None Lot Location Type: On River, Standard LocationPAVE Model 14 #of Full Baths: 0 Model 15 #of Full Baths: 0 Model 1 #1/2 Baths: 0 Model 2 #1/2 Baths: 0 Model 3 #1/2 Baths: 0 Model 4 #1/2 Baths: 0 Model 5 #1/2 Baths: 0 Model 6 #1/2 Baths: 0 Model 7 #1/2 Baths: 0 Model 8 #1/2 Baths: 0 Model 9 #1/2 Baths: 0 Model 10 #1/2 Baths: 0 Model 11 #1/2 Baths: 0 Model 12 #1/2 Baths: 0 Model 13 #1/2 Baths: 0 Model 14 #1/2 Baths: 0 Model 15 #1/2 Baths: 0 Model 14 Bedrooms: 0 Model 15 Bedrooms:.

331 West SUNVIEW Avenue

Price: $3,900,000
Units Total: 14
Lot Size: 7,405
Living Area: 1,180
Year Built: 1963
Parking: 0
Days on Market: 14
Description: Ideal for Real Estate Portfolio, this is a Bulk Sale / Purchase of 14 Single Family Income units for a 1031 Exchange; Buyers to co-operate in a 1031 Exchange with Seller. Homes all rented with season 3bd / 2ba Garage, large lots, all rented. CAP RATE 5.8% (at Listed Sales Price) APN: 669402005,669384001,669384002,669384003,669381022,669381024,669384005,669394005,669393004,669391003,669395010,669395008,669395021,6693610022

Corona, 893 Rimpau Avenue

Price: $3,420,000
Units Total: 19
Lot Size: 30,364
Living Area: 13,880
Year Built: 1960
Parking: Yes
Days on Market: 25
Description: The property is comprised of 3 buildings on 2 parcels. The front two buildings at 893-897 Rimpau Ave. Are comprised of six units each for a combined twelve units and were built in 1960. The units in the rear at 1140 Circle City Dr. Are comprised of seven units and were built in 1992. The property has close access to the 91 Fwy and the 15 Fwy. The property generates additional income through laundry and leasing 6 parking spaces to the neighboring apartments.

Adelanto, 11346 Chamberlaine Way

Price: $2,970,000
Units Total: 27
Lot Size: 9,420
Year Built: 1980
Days on Market: 54
Description: The Basen-Schendel team is proud to present an Opportunity Zone Investment opportunity for the portfolio of 14 properties consisting of 27 units located in the City of Adelanto. The portfolio consists of 23- two bedroom units and 4 – three bedroom units and is fully occupied. Demand for housing in the City of Adelanto has rarely been higher as the city has 1 million SF of Industrial space under construction and another 250,000 sq.ft under renovation creating an estimated 1,000 direct jobs to the City of Adelanto. Due to this economic activity and the scarce availability of housing in Adelanto and the surrounding demand, rents are on a continuous rise. This is an opportune area to invest in. Properties Included in Portfolio: 11325,11327 and 11329 Lawson Ave, 11331 Lawson Ave, 11346 Chamberlaine Way, 11947 Lee Ave, 11956 Sage St, 12023 Chamberlaine Way, 12048 Sand Ave, 12050 Sand Ave, 11964 White Ave, 12052 Aztec Lane, 18414 Peramain Street, 18947 Bellflower St, 12072 Axtec Lane, 18010 Adelanto Rd Association Amenities: None Lot Location Type: Standard LocationPAVE Model 14 #of Full Baths: 0 Model 15 #of Full Baths: 0 Model 1 #1/2 Baths: 0 Model 2 #1/2 Baths: 0 Model 3 #1/2 Baths: 0 Model 4 #1/2 Baths: 0 Model 5 #1/2 Baths: 0 Model 6 #1/2 Baths: 0 Model 7 #1/2 Baths: 0 Model 8 #1/2 Baths: 0 Model 9 #1/2 Baths: 0 Model 10 #1/2 Baths: 0 Model 11 #1/2 Baths: 0 Model 12 #1/2 Baths: 0 Model 13 #1/2 Baths: 0 Model 14 #1/2 Baths: 0 Model 15 #1/2 Baths: 0 Model 14 Bedrooms: 0 Model 15 Bedrooms: 0 Model 14 #Of Units: 0 Model 14 #Of Units: 0 Model 1 #1/4 Baths: 0 Model 2 #1/4 Baths: 0 Model 3 #1/4 Baths: 0 Model 4 #1/4 Baths: 0 Model 5 #1/4 Baths: 0 Model 6 #1/4 Baths: 0 Model 7 #1/4 Baths: 0 Model 8 #1/4 Baths: 0 Model 9 #1/4 Baths: 0 Model 10 #1/4 Baths: 0 Model 11 #1/4 Baths: 0 Model 12 #1/4 Baths: 0 Model 13 #1/4 Baths: 0 Model 14 #1/4 Baths: 0 Model 15 #1/4 Baths: 0 Model 14 Rent: 0.00 Model 15 Rent: 0.00 Model 1 SQFT: 0 Model 2 SQ.

Coachella, 46600 Tyler Street

Price: $2,900,000
Units Total: 0
Lot Size: 871,200
Living Area: 0
Parking: 2
Days on Market: 5
Description: 20 Acre property has a main ranch home, with 15 acre Palm Tree Nursery and 5 acre event center known as the Corona Yacht Club which can accommodate groups as large as 600. The average rental is $4500 per event. Www. Coronayachtclub. ComImprovements / Site Plan: 1) 2 Acre Lagoon – Using low cost fresh canal water2) 3,200 sq.ft Covered Seating – 1,000 sq.ft dock extends over water3) The Dock4) Croquet Lawn5) Pavilion Deck6) Outdoor Palm Grove Dining – Large canopy of mature palm trees7) Convenient Parking – One main lot and an overflow area8) 2 Staging / Prep Areas for caterers9) Guest Hose – 1 bed / 1 bath with a kitchenette and sitting area. 10) Main House – 2 bed / 2 bath with kitchen and sun-room; currently occupied by manager11) Small office building

Adelanto, 11436 Brockman Avenue

Price: $2,860,000
Units Total: 26
Lot Size: 12,600
Year Built: 1983
Days on Market: 54
Description: The Basen-Schendel team is proud to present an Opportunity Zone Investment opportunity for the portfolio of 8 properties consisting of 26 units located in the City of Adelanto. The portfolio consists of 20- two bedroom units, 4- one bedroom units and 2 – three bedroom units and is fully occupied. Demand for housing in the City of Adelanto has rarely been higher as the city has 1 million SF of Industrial space under construction and another 250,000 sq.ft under renovation creating an estimated 1,000 direct jobs to the City of Adelanto. Due to this economic activity and the scarce availability of housing in Adelanto and the surrounding demand and rents are on a continuous rise. This is an opportune area to invest in Association Amenities: None Lot Location Type: Standard LocationPAVE Model 14 #of Full Baths: 0 Model 15 #of Full Baths: 0 Model 1 #1/2 Baths: 0 Model 2 #1/2 Baths: 0 Model 3 #1/2 Baths: 0 Model 4 #1/2 Baths: 0 Model 5 #1/2 Baths: 0 Model 6 #1/2 Baths: 0 Model 7 #1/2 Baths: 0 Model 8 #1/2 Baths: 0 Model 9 #1/2 Baths: 0 Model 10 #1/2 Baths: 0 Model 11 #1/2 Baths: 0 Model 12 #1/2 Baths: 0 Model 13 #1/2 Baths: 0 Model 14 #1/2 Baths: 0 Model 15 #1/2 Baths: 0 Model 14 Bedrooms: 0 Model 15 Bedrooms: 0 Model 14 #Of Units: 0 Model 14 #Of Units: 0 Model 1 #1/4 Baths: 0 Model 2 #1/4 Baths: 0 Model 3 #1/4 Baths: 0 Model 4 #1/4 Baths: 0 Model 5 #1/4 Baths: 0 Model 6 #1/4 Baths: 0 Model 7 #1/4 Baths: 0 Model 8 #1/4 Baths: 0 Model 9 #1/4 Baths: 0 Model 10 #1/4 Baths: 0 Model 11 #1/4 Baths: 0 Model 12 #1/4 Baths: 0 Model 13 #1/4 Baths: 0 Model 14 #1/4 Baths: 0 Model 15 #1/4 Baths: 0 Model 14 Rent: 0.00 Model 15 Rent: 0.00 Model 1 SQFT: 0 Model 2 SQFT: 0 Model 3 SQFT: 0 Model 4 SQFT: 0 Model 5 SQFT: 0 Model 6 SQFT: 0 Model 7 SQFT: 0 Model 8 SQFT: 0 Model 9 SQFT: 0 Model 10 SQFT: 0 Model 11 SQFT: 0 Model 12 SQFT: 0 Model 13 SQFT: 0 Model 14 SQFT: 0 Model 15 SQFT: 0 Model 1 #3/4 Baths: 0 Model 2 #3/4 Baths: 0 Model 3 #3/4 Baths: 0.

220 South PATENCIO Road

Price: $2,500,000
Units Total: 8
Lot Size: 11,427
Living Area: 0
Year Built: 1930
Parking: Yes
Days on Market: 651
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!

Big Bear, 40598 Big Bear Boulevard

Price: $2,200,000
Units Total: 33
Lot Size: 53,000
Living Area: 13,540
Year Built: 1963
Parking: 0
Days on Market: 788
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.

1483 East Lynwood Drive

Price: $2,200,000
Units Total: 21
Lot Size: 13,068
Living Area: 12,802
Year Built: 1985
Parking: 0
Days on Market: 41
Description: Villa Park Apartments, a 21-unit value added opportunity located in San Bernardino, California. The building rests on 0.59 acre lot with a total of 3 two-story buildings and provides residents with a quiet living environment and an open residential feel. Built in 1985, with a building size of 12,812 sq.ft, the property has a unit mix of one and two bedroom floor plans. There are (16) one bedroom / one bathroom units and (5) two bedroom / one bathroom units for a total of 21 units. All units have central air conditioning and heat, electric stoves and are individually metered for electricity. The apartment units are all electric. The central hot water heater is served by gas, which is paid by owner. Thirteen (13) of the twenty one (21) units have been updated with new flooring, countertops and paint. Amenities include: Swimming pool, laundry room with two washer and dryers, covered and open space parking (27 spaces). Villa Park is conveniently located near national retailers, major freeways, employment centers and public transportation. The property is in a submarket that is highly sought after from investors looking for yield, value-add opportunity, and improving market fundamentals

Apple Valley, 17935 Quantico Road

Price: $2,195,000
Units Total: 20
Lot Size: 33,000
Living Area: 20,800
Year Built: 1972
Parking: 60
Days on Market: 74
Description: Riverview Apartments consists of (16) 2 Bd / 2Ba units and (4) 3 Bd / 2 Ba townhouse style units. The units average over 1,000 sq. Ft., and all units have a large balcony or patio. The 2 Bd / 2 Ba units also include a tub and kitchen pantry. The building features a large courtyard and newly renovated pool. Each unit has 1 car port space, which includes a lockable storage unit, and there is ample open parking on site. At the list price, the going in cap rate is 6.10% (based on the 2017 Actual Collected Income). There is significant rent upside achieved by bringing the rents to market, as well as an extremely high occupancy history. The property (approximately 7 miles from Victorville) boasts amazing views of the valley and the San Bernardino Mountains. The below rents are based off the current average rent / unit for the 2 Bd / 2 Ba and 3 Bd / 2 Ba units. The full Offering Memorandum is included as an attachment to this listing.

888 North INDIAN CANYON Drive

Price: $2,099,500
Units Total: 12
Lot Size: 15,755
Living Area: 5,000
Year Built: 1970
Parking: 2
Days on Market: 172
Description: Turn-key Boutique Hotel in Central Palm Springs – Movie Colony within easy walking distance to all of downtown. 12 well-appointed rooms and suites. Major renovations inside and out were done between 2012 and current creating an ultra private resort with beautiful units and excellent amenities. Opportunity for growth is significant.

21796 Cottonwood Avenue

Price: $1,999,000
Units Total: 6
Lot Size: 261,360
Living Area: 4,000
Year Built: 1960
Parking: 0
Days on Market: 627
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. PRICE REDUCED BY $1000000 from original price FOR FAST SALE. MAKE OFFERS

Barstow, 2980 East MAIN Street

Price: $1,990,000
Units Total: 81
Lot Size: 64,468
Living Area: 23,112
Year Built: 1973
Parking: Yes
Days on Market: 300
Description: 81 room apartment / former motel / built in 1973 and recently was operating as an independent motel / apartment. The building is approx. 23,000 sq. Ft. / and is situated on a 1.48 acre lot. The construction is wood-frame / stucco there are more than 81 parking places. The hotel is located immediately off The 40 Freeway and next to the entrance to the Marine Corps Logistics Base in Barstow. Recently the building was serving the needs of people who were renting rooms on a weekly / monthly basis with some rooms reserved for overnight guests. ***Currently the building is totally vacant***