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: 124
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: 134
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

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: 59
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.

Big Bear, 40210 Big Bear Boulevard

Price: $5,950,000
Units Total: 0
Lot Size: 55,000
Living Area: 12,540
Year Built: 1946
Parking: 3
Days on Market: 88
Description: This totally renovated resort on three plus-acres of land in 10 APNs has 4 hotel rooms, 6 studio cabins, 10 one-bedroom cabins, 8 two-bedroom cabins and 1 three-bedroom cabin with total 47 beds. In addition, there is spacious open room in the courtyard for a white tent conference facility during the summer together with a 500-sf restroom building and a 2,000-sf kitchen plus storage buildings for all kinds of private and pubic events on-site. Upscale dining, evening entertainments in the Village as well as ski slopes are just a short drive away. This resort property is ideal for large corporate group bookings, weddings and family events and has had regular many loyal corporate clients through the years. There is also a development potential to build a convention and exhibition structure for conference purposes instead of a large white tent on the site due to its large acreage. There is an outdoor swimming pool, spas and room for a tennis court. Parking space is ample on site with a convenient store and restaurant right across the street. The kitchen onsite provides breakfast and there is a bar with liquor license. The hotel is independent with a potential for a major franchise flag.

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: 246
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.

1535 East Date Street

Price: $5,200,000
Units Total: 13
Lot Size: 58,370
Living Area: 27,644
Year Built: 1984
Parking: Yes
Days on Market: 43
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.

588 East SAN LORENZO Road

Price: $4,950,000
Units Total: 13
Lot Size: 31,799
Living Area: 14,000
Year Built: 2012
Parking: Yes
Days on Market: 201
Description: RSL Hotel 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 View

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: 604

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: 34
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.

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: 112
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: $3,695,000
Units Total: 18
Lot Size: 43,200
Living Area: 11,880
Year Built: 1951
Parking: Yes
Days on Market: 382
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 2018/2019 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

5098 North 3rd Avenue

Price: $3,625,000
Units Total: 24
Lot Size: 37,719
Living Area: 25,872
Year Built: 1985
Parking: 0
Days on Market: 51
Description: Property Highlights; Impressive Offering Actual CAP Rate of 6.85 % / Achievable ProForma CAP Rate of 7.98 % / Most recent housing lease signed @ $1,550 / monthly, Large Three Bedroom Units + 1,100 Sq. Ft., Offering Actual GRM of 9.50, With a ProForma GRM of 8.12, Recent Capital Improvements / Conservative 5-10 % Upside in Potential Income, The Apartment is 100 % Occupied and Rental Comparables Illustrate a 100 % Occupancy Area. The Apartment community is located on two large lots South of West Hill Drive in San Bernardino. The property is located just blocks East of the California University of San Bernardino. The two lots total over 1.73 acres, with gated controlled access and covered onsite parking. This twenty-four unit complex is composed of a very desirable unit mix of all 3 bedroom / one bathroom units. The units are very large and exceed 1,050 sq.ft each. The property has recent improvements and is 100% occupied.

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: 161
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: 107
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: 470
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!

21796 Cottonwood Avenue

Price: $2,499,000
Units Total: 6
Lot Size: 261,360
Living Area: 4,000
Year Built: 1960
Parking: 0
Days on Market: 446
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 $500000 FOR FAST SALE. MAKE OFFERS

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: 224
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.

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: 606
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 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: 326
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

Palm Springs, 655 Thornhill Road

Price: $2,100,000
Units Total: 13
Lot Size: 30,570
Living Area: 10,686
Year Built: 1958
Parking: 0
Days on Market: 33
Description: Mid-Century apartment buildings situated in the desirable Warm Sands neighborhood of Palm Springs. 655 and 643 S Thornhill Rd are being sold together; buildings are side-by-side. These well-maintained properties offer residents spectacular mountain views, back patios, laundry rooms, off street parking, lush gated courtyards and pools. Located only blocks from the excitement of downtown Palm Springs with great dining, shopping, entertainment and more! The properties house 13 units. The breakdown is: TWO 2BR / 2BA TWO 2BR / 1BA EIGHT 1BR / 1BA and ONE Studio. Each unit has its own electric meter. 655 has one gas and one water meter which covers all units and the house. 643 has 7 gas meters, Studio Apt shares gas meter with house and one water meter for the house. Each unit has a roof mounted split unit AC / heat system. 655 has a large storage room on the front SE corner of the building presenting approx. 437 sq. Ft. 655 APN 508-220-009 and 643 APN 508-220-008 Years built 655 1958 and 643 1963

Rancho Mirage, 39950 BIRD Lane

Price: $2,050,000
Units Total: 11
Lot Size: 12,100
Living Area: 13,250
Year Built: 1963
Parking: Yes
Days on Market: 4
Description: Excellent investment opportunity to acquire a beautifully remodeled, fully rented 12 unit classic mid-century complex in a prime Rancho Mirage location. A solid quality offering, fully rented with 12 months leases to quality tenants. There is a tremendous upside potential available here. Included in this sale is also the next door vacant parcel of 12197 sq.ft with APN #: 689-202-031. According to the Rancho Mirage Planning Department this vacant parcel can be utilized to construct additional carports and / or duplex. The complex consists of a 2 story building with a very attractive courtyard pool spa recreational area. There is a good mix of 1 BR, 2 Br and 3 Br units. All very spacious with considerably more square footage than market average. Extraordinary views of the mountains and the surrounding desert in every direction! Access only with accepted offer. Please do not disturb the tenants.

74630 Shadow Hills Road

Price: $1,999,999
Units Total: 8
Lot Size: 26,572
Living Area: 0
Parking: 16
Days on Market: 96
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, both current and projected.

10920 Fox Springs Road

Price: $1,949,000
Units Total: 3
Lot Size: 67,683
Living Area: 5,395
Year Built: 2014
Parking: 5
Days on Market: 63
Description: Amazing opportunity to own 3 homes situated on two of the best lots totaling 1.56 Acres in Rancho Carrillo. Sited at the end of your private six mile drive hidden along Ortega Highway lies the unique, rural community of Rancho Carrillo. Surrounded by nearly 40,000 acres of wilderness, including the Cleveland National Forest. This community is home to only 75 equestrian and ranch properties, nestled among the San Mateo Canyon wilderness. Rural living while only minutes from downtown San Juan Capistrano and the coastal cities of Dana Point and San Clemente. This property has its own private well. The main home is 3 bedrooms, 3 baths approximately 2550 sq. Ft. With an expansive game room, view loft, office and attached guest quarters with it’s own private entrance and a 3 car garage. The second home is approximately 1,500 sq. Ft., with 3 bedrooms, 2 baths, office, and a one car garage. The third home is 1,350 sq.ft, with 3 bedrooms and 2 bathrooms. Rancho Carrillo is much more than an idyllic community hidden from the frantic pace of the City below. Rancho Carrillo is in many ways a throwback to earlier times in California. This property is outside of the HOA in the area. The HOA Dues listed are the fees for the private road maintenance. The adjacent property, 10950 Fox Springs Rd is included in this price (MLS #PW18055466)

Big Bear, 563 Lynn Road

Price: $1,900,000
Units Total: 33
Lot Size: 25,300
Living Area: 14,904
Year Built: 1967
Parking: 33
Days on Market: 365
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.