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: 138
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.

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: 31
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.

1398 North Sierra Way

Price: $7,200,000
Units Total: 68
Lot Size: 144,183
Living Area: 53,776
Year Built: 1949
Parking: 0
Days on Market: 42
Description: Highlights; Competitive Offering Actual CAP Rate of 5.84 %, with a ProForma CAP Rate of 6.57 %, Offering Actual GRM of 10.49, with a ProForma GRM of 9.68 / Rental Comparables Illustrate a 98 % Occupancy Area. Rental Survey Completed 03/05/2018., $1,000,000 In Recent Property Improvements and Renovations Under Current Ownership. 60% of the Units Have Been Completely Renovated., Conservative 10% Upside in Potential Rental Income. Achieved through continued implementation of Government approved and funded programs., Currently only 30% of the Tenants are in Government funded program, allowing for future growth., 4 Units Have Fire Damage and Are Currently Under Complete Rehabilitation. Units to be Delivered per Seller in 100% Rent Ready Condition. The Mountain view manor apartments are located on a sprawling 3.31 acre lot. The property is composed of 10 + buildings, outbuildings, and cover parking structures for all units. This 68 unit apartment community possesses an attractive unit mix of 35 one bedroom / one bathroom units, 1 one bedroom / one and a half bathroom unit and 32 two bedroom / one bathroom units. Over 60% of the units have been completely renovated. Recent property improvements by current ownership exceed $1,000,000 and have been outlined below. Capital Improvements and Renovations: New Interior Paint New Flooring in units New Kitchen Cabinets and Countertops New Appliances New Bathroom Cabinets Updated Exteriors Exterior Paint and Fascia Improvements

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: 153
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: 512
Description: 18 THREE STORY LUXURY TOWN HOMES FOR SALE. ALL HAVE SEPARATE APN#S BUT HOA HASN’T BEN ACTIVATED YET. COULD BE ACTIVATED AND SOLD SEPARATELY IN THE FUTURE. 10 UNITS HAVE 3 BEDROOMS 2.5 BATHS PLUS LOFT ON THIRD FLOOR. 8 UNITS HAVE 3 BEDROOMS 3.5 BATHS, ALL EIGHT OF THESE HAVE MASTER SUITES. UPGRADES INCLUDE MARBLE FLOORS IN KITCHEN, GRANITE COUNTERTOPS IN KITCHENS and BATHS, , HIGH CEILINGS, BERBER CARPET, WHIRLPOOL STAINLESS STEAL APPLIANCES, CANADIAN MAPLE WOOD CABINETS, WASHER AND DRYER HOOK UPS, CENTRAL AIR AND HEAT, DOUBLE PAIN WINDOWS, 2 CAR GARAGES, PATIOS, ALL UNITS ARE IN GOOD SHAPE. TENANTS PAY ELECTRIC AND GAS.

Lytle Creek, 3112 Lytle Creek Road

Price: $3,888,888
Units Total: 0
Lot Size: 7,601,220
Living Area: 3,500
Year Built: 1956
Parking: 8
Days on Market: 74
Description: 3112 and 2828 Lytle Creek Road is a MUST SEE. Great Opportunity to purchase 174.5 ACRES – six contiguous tax parcels that back up to the San Bernardino National Forest: 0239-011-05,0239-311-01,02,03,20 0239-012-05, only one mile NW off the I-15 frwy. Very private with fabulous views and nearby outdoor activities like hiking, mountain biking, Lytle Creek Campgrounds. @ 3112 is a 3bed 2bath house, a 2Bed 1Bath mobile home and a 5,000 sq.ft pole barn. @2828 is a 3Bed 1Bath house. Property has 2 Year-Round Natural Artesian Springs that feed all the rentals and 1 vertical well for irrigation, land is designated semi-arid Rural Living and Resource Conservation. The Potential for this property is endless – Spring Water Extraction for bottling, sub-divide for additional residential sites, agriculture production, livestock ranching, etc.

Palm Springs, 601 West ARENAS Road

Price: $3,795,000
Units Total: 14
Lot Size: 23,958
Living Area: 0
Year Built: 1957
Parking: Yes
Days on Market: 20
Description: Designed by Herbert Burns, this beautifully maintained Mid-Century Modern resort in the Historic Tennis Club neighborhood is all about location and views. There are 14 individualized rooms from a standard studio to a two bedroom apartment with a separate entrance and cozy fireplace. Many with small, full kitchens and private patios. Rooms overlook the pool with fabulous views from each. Another rare attribute of this hotel is off-street parking for guests- hard to come by in this neighborhood. Additional amenities include a front office / reception area, guest pantry for coffee and snacks, on-site laundry, two gas grills, ice machine, and bikes for guests to use. Perfect location-walk two blocks to the heart of town. This property is currently a fully functioning boutique hotel with a long term, loyal clientele. Appointment only. Do not enter property without Listing Agent.

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: 290
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

23756 Sunnymead Boulevard

Price: $3,200,000
Units Total: 28
Lot Size: 175,547
Living Area: 24,900
Year Built: 1960
Parking: 28
Days on Market: 6
Description: First time being offered in 30 years, subject property is 100% single story cottage style building is situated on a large lot of 4.03 acres. The property consists of six, one bedroom one bathroom units, fourteen, two bedroom one bathroom units, six, three bedroom one bathroom units, and two retail units. The property is non-rent controlled area with over 50% upside in rents resulting in 8.22% CAP rate. Neatly located on a highly visibility street with even higher visibility, and it has convenient access to Freeway I-60 and I-215. The city of Moreno Valley is located at the intersection of FWY 60 and 215, and bordered by the city of Riverside and Redlands. The city of Moreno Valley contains a median household income of $54,299 and a median home price of $316,200. Investors who are seeking a mixed-use property will be great for this type of property. This investment opportunity offers a stable cash flow and an opportunity to increase rents through renovation in one of the strongest rental markets in the Inland Empire.

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: 353
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

Moreno Valley, 24771 Nandina Avenue

Price: $2,800,000
Units Total: 0
Lot Size: 209,524
Living Area: 0
Year Built: 1982
Parking: 2
Days on Market: 69
Description: Development Opportunity in the fast-developing city of Moreno Valley. This 4.81 Acre parcel of land is zoned Industrial – Specific Plan 208 I. It’s current use is Residential non conforming and there is a 3 bedroom / 2 bath home that collects $1550 per month in rent. Selling as land value only. Good to have some income until completion of entitlements. Please check with city for all details. Great location. Amazon’s logistic center and so many new developments are within 1 mile. PRIME LAND TO DEVELOP. Very well located in Moreno Valley. Near March Air Reserve Base

Hemet, 675 South San Jacinto Street

Price: $2,700,000
Units Total: 26
Lot Size: 47,045
Living Area: 15,288
Year Built: 1973
Parking: 26
Days on Market: 14
Description: The subject property is 26 units consisting of three single story buildings. The property is individually metered for gas and electricity and has individual hot water heaters. Other features include secured entrance and parking, on-site laundry facility (leased), 26 carport spaces with storage lockers and low maintenance landscaping. Villa La Paz consists of all one-bedroom / one-bathroom apartment units. The units offer laminated flooring, carpet, ceiling fans, stoves, mini-blinds and private enclosed backyards. In addition, eight units have central air conditioning and eighteen units have window air conditioning and wall heaters.

220 South PATENCIO Road

Price: $2,500,000
Units Total: 8
Lot Size: 11,427
Year Built: 1930
Parking: Yes
Days on Market: 377
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!

Helendale, 27160 Vista Road

Price: $2,495,000
Units Total: 23
Lot Size: 41,338
Living Area: 24,268
Year Built: 2007
Parking: 46
Days on Market: 550
Description: This is a 40 unit property in transition from a Time Share project to apartment or multi condo unit rental. For all intents and purposes 23 of the 40 units are newly conceived as apartments and the units are just now in the process of being offered for long term rentals. Recently, the Timeshare management company was tasked to start renting 18 of the 23 units under long term rental agreements. The remaining 17 unit Timeshare project and its management company are not currently offered for sale. The information provided by the seller herein contains the prorated expenses along with the current and projected rent rolls for 23 the units being offered for sale. The owner will carry with a 1/3 down payment in cash or acceptable tradable equity. The buyer’s cash down payment is the only qualification for the seller carry back first trust deed at 6% interest only, with monthly payments of $8,316.67 all due and payable at 72 months. Financing may be extended through negotiation ?at end of term?. The 23 units offered herein are located in a private resort know as Silver Lakes, which offers a Vacation where you Live’ lifestyle, consisting of two lakes totaling 277 acres for boating, fishing, swimming, a 27 hole championship golf course, RV Park, Equestrian Center and a 20,000 square foot Clubhouse with tennis courts pool, gym, library, meeting and event halls, all of which are available to your tenants. Current CAP is 9.18%, Pro Forma CAP is 9.95%

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: 132
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.

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: 234
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: 514
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.

Big Bear, 1264 Club View Drive

Price: $2,025,000
Units Total: 14
Lot Size: 43,200
Living Area: 14,400
Year Built: 1985
Parking: 0
Days on Market: 49
Description: Remarkable opportunity across from Bear Mountain ski area. Combination of units and condos in 6 buildings, 32 bdrs, 24.5 baths, 20 fireplaces + 8 units have 2 fp each. Named for it’s view of the ski area and golf course, Mountain Vista Resort has a manager’s unit and an office which are included in the above room count. There are 3 large parking lots. This is a wonderful chance to own one of the spots everyone wants to stay in Big Bear. Just steps from both skiing and golf.

74630 Shadow Hills Road

Price: $1,999,999
Units Total: 8
Lot Size: 26,572
Living Area: 0
Parking: 16
Days on Market: 3
Description: and #8203; 8-Unit Property with Pool at and #8203; 74630 Shadow Hills Rd in South Palm Desert: and #8203; and #8203; Eight 2-bd / 2-ba units, pool and #8203; and carports and #8203; situated on 0.61 acres. Buildings consist of 4 duplex buildings with single level units ground floor and second floor in each building. Property to be sold in as is condition. Please inquire for details including Income-Expense Statement and Rent Roll.

Lake Elsinore, 32986 Blackwell

Price: $1,995,000
Units Total: 22
Lot Size: 18,476
Living Area: 8,125
Year Built: 1960
Parking: 22
Days on Market: 165
Description: Current CAP rate at 5.19% and ProForma CAP at 6.31% with a current NOI of $103,576! Very well priced at $90,681 per unit. This is a great opportunity to own two well maintained and professionally managed multifamily apartment buildings with a total of 22 units within walking distance of the lake and a park. This is a package deal consisting of 2 separate properties with 2 APN’ s sold together. The 17586 Grand Building has an onsite laundry room with owned machines that both buildings share for additional income. The Grand Apartments consist of 8 units with 7 studios and a single 3 bed / 2 bath home. The 32986 Blackwell Apartments located across the street from the Grand Apartments consist of 14 studio units with tile floors and custom paint interiors making for very low turnover costs. Lake Elsinore is perfectly situated for commuters between Orange County, San Diego and the Inland Empire. Also see all the attached financial supplements (actual cash flows and rent rolls).

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: 26
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***

Big Bear, 652 Jeffries Road

Price: $1,988,000
Units Total: 17
Lot Size: 64,000
Living Area: 11,454
Year Built: 1984
Parking: 30
Days on Market: 26
Description: Beautiful 17 units rental apartment next to The Big Bear Village, walking distance to the famous Big Bear Lake. Property has (2) parcels. Parcel #0309-131-12-0000 has (8) 2-story standalone buildings (SFR), built in 1984. Parcel #0309-131-11-0000 has (9) 1-story apartments built in 1946 with stern wood log (2 duplex buildings, 5 standard-alone buildings). Both parcels have large lot of 32,000 each. Total lot 64,000 sq.ft. Very easy to rent for there are very few apartments in Big Bear Lake.

San Bernardino, 1406 Sepulveda Ave

Price: $1,905,000
Units Total: 12
Lot Size: 23,250
Living Area: 11,400
Year Built: 1985
Parking: 23
Days on Market: 33
Description: The Sepulveda Avenue Apartments is a multifamily portfolio of 3 fourplex properties constructed in 1984 and 1985 on a combined 23,250 sq.ft lot, with total building size of 11,400 sq.ft. The well maintained and landscaped, two-story properties are individually metered for electric and gas, and offers gated security with remote controlled access, carport and open-space parking, and on-site laundry facility with in 2 of the 3 properties. The Sepulveda Avenue Apartments feature spacious two-bedroom / one-bathroom units offer individual hot water heaters along with central air and heat. Select units offer granite counter tops and wood and tile flooring. The portfolio is situated on individual lots with 3 APNs: 0146-172-26,0146-172-24 and 0146-172-23. The properties may be purchased altogether or individually based on the best price and terms.

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: 143
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. The property is zoned Downtown Edge Transition Overlay (DE-O) which legally allows for short term rentals. This area, recently designated by the City, is unique and is, at this time, the only area in Palm Desert where short term vacation rentals will be allowed in the long term future. Other possible use opportunities could a recovery center, corporate retreat or family compound. Let your imagination run wild on how to enjoy and use the endless potential this fine estate offers. (City Plan available)