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CV23051247 MLS Active Status
OVER 5.3 Cap! According to the Los Angeles Times, Long Beach is set to host seven Olympic events in 2028 when the Summer Games come to Los Angeles. This stunning five-unit income property in Long Beach combines Spanish Colonial Coastal Hacienda charm with the energy of downtown Long Beach, making it an excellent investment opportunity. Located in a prime location near all the exciting downtown development projects, the property boasts desirable outdoor common space, making it an attractive option for tenants seeking a beach city lifestyle with a mix of metropolitan amenities. The property is fully gated, providing both front and rear access and direct garage access to a secure area, making it a rare find. The landlord can maximize rents by including electricity in the cost, thanks to the solar panels installed on the property. The units have been completely remodeled and rewired, with new plumbing and windows installed throughout. All kitchens and bathrooms have been completely renovated, and each unit features AC with permits. The property also has four garages, offering ample parking space. The location is perfect for those looking to enjoy the best of Long Beach's outdoor activities and events, including the Acura Grand Prix of Long Beach, X Games, World Surf League's pro Longboard Tour, as well as music festivals and outdoor concerts. In preparation for the 2028 Olympics, Long Beach is building a new aquatic center on the beach called the Belmont Beach and Aquatic Center. This new facility will serve as a focal point for the Long Beach aquatic competition community and will feature two 50-meter competition pools, recreational and teaching pools, therapeutic whirlpools, diving platforms, springboards, and deep water wells. The outdoor areas will include a park, walk-up restaurant, and landscaped plazas that make the most of Southern California's sunny weather and beach setting.

1001 E 5th Street Unit 5, Long Beach

31 Beds 39 Baths 23255029 MLS Active Status
We are proud to present this 21-unit multifamily property at 400 S Mentor Ave. With Caltech University's campus steps to the east and The Shops on Lake Avenue steps to the west, this property is ideally located in one of the most sought pockets of Pasadena, and it has an impressive walk score of 95 (walker's paradise).400 S Mentor has never been sold before. The seller's grandfather built this property 56 years ago, back in 1966, and it has been passed down from generation to generation ever since. Sitting on over a half-acre of land, this 24,827 square foot property boasts a great unit mix of (12) 2 bed / 2 bath units, (5) 1 bed / 1.5 bath units, (2) 1 bed / 1 bath units, and (2) studios. The units are very large, with the average unit size being over 1,000 square feet, and the first-floor units all come with a large, private patio while the 2nd and 3rd story units come with a private balcony.The property's large laundry room has 3 washers and 3 dryers, all leased from WASH, and the laundry room provides each tenant with their own locker where they can store items outside their unit. Other property features include: 24 parking spaces at the rear of the property, fully secured with 24-hour monitoring, a relaxing entry lobby, an elevator that is serviced monthly, professionally managed, and the property is separately metered for electric (there is no gas at the property).400 S Mentor is a great opportunity for a value-add investor to capture over 25% upside potential in rent. Also, this property is perfect for ADUs, where a buyer could build two detached, new construction ADUs at the back of the property. In total, we estimate there is the potential to increase this property's annual Net Operating Income by nearly 60% (from $330k currently to $526k pro-forma potential).

400 S Mentor Avenue, Pasadena

AR23050812 MLS Active Status
ZERO VACANCY Investment with a MASTER LEASE IN PLACE. 265 N Oakland Ave, a turn-key, fully upgraded (with permits), and 100% occupied 19 units luxury apartment in the City of Pasadena. The property is located within the Pasadena Playhouse District, south of 210 Freeway and just within walking distance to Old Town Pasadena area (Walk Score 90 and Bike Score 85). The property offers an investor the rare opportunity to own an excellent income property in one of the most coveted submarkets in the San Gabriel Valley. This offering provides a ZERO VACANCY apartment opportunity secured by a master lease with a local Christian school based in Pasadena. The sale includes a Zoning Analysis Report showing a possibility to add Two (2) ADUs (each ±800SF - Buyer to verify). The property, which has been completely renovated in 2018-2019 with permits, was built in 1962 is a two-story garden style apartment with an attractive center courtyard and an excellent curb appeal. It offers a superb unit mix of four (4) large 2-bedroom+2-bathroom, and fifteen (15) 1-bedroom+1-bathroom units. Each unit is complete with an in-unit laundry and private patio. It is separately metered for gas and electric, is serviced by new central water heaters. Units are spacious and offer an in-unit combo washer/dryer, stove, dishwasher, garbage disposal, ample closet and storage space, ceiling fans, and new mini-split HVAC systems for heating and cooling. It has 19 parking spaces in the back. The soft-story parking area has been seismically retrofitted. All of the units have undergone a top-to-bottom renovation in 2018-2019 (ALL PERMITTED) with full electrical and plumbing upgrades, new high durability wood vinyl and tile flooring, new windows, state of the art mini-split HVAC systems, new kitchens, which include new cabinets, quartz countertops, and new stainless-steel appliances, and new bathrooms with new vanities, toilets, bathtubs, and name brand fixtures. A new owner is presented with the security of in-place master leases leased to Providence Christian College, a private Christian liberal arts college. Given its excellent real estate fundamentals, very stable operation and ease of maintenance, complete renovation, full seismic retrofitting, and an unbeatable location, the 265 N Oakland Ave is an unparalleled investment for an investor seeking stable risk-adjusted returns, wealth preservation, and a hedge against inflation.

265 N Oakland Avenue, Pasadena

18 Beds 18 Baths 23254803 MLS Active Status
Marcus & Millichap is delighted to showcase 5433 Abbott Place, a beautifully maintained bungalow court complex in the vibrant neighborhood of Highland Park. Constructed in 1926 in the classic Spanish Colonial Revival architectural style, the property spans an 18,886-square-foot parcel, which has been extensively renovated yet retains its original charm. Tucked away at the end of a cul-de-sac and surrounded by mostly single-family homes, the property offers a setting that feels both private and communal. The building features an appealing unit mix of 18 one-bedroom, one-bath units, which have been thoughtfully upgraded to create modern and welcoming rental spaces. Some of the interior enhancements include recessed LED lighting, porcelain stone tile baths, stainless steel appliances, custom cabinets, quartz countertops, and hardwood floors. The current ownership has extensively renovated the building, with upgraded electrical (approved 200 Amp service with 19 subpanels permitted in 2006) and upgraded plumbing, new furnaces and wall heaters (all permitted since 2019), and a voluntary seismic retrofit, resulting in a truly turn-key investment. A new owner can immediately benefit from strong existing cash flow, with the potential for approximately 22% in rental upside as units turn over and rents increase. Rental demand for this property is extremely strong. Tenants enjoy living in one of the most dynamic neighborhoods in all of Los Angeles, which continues to gentrify. The property is less than a mile from York Blvd and Figueroa Street, the two main thoroughfares in the submarket, teeming with trendy restaurants, lively bars, cafes, and unique retailers. The Gold Line Metro Station is also within walking distance, allowing residents to commute to major employment hubs in Los Angeles and the San Gabriel Valley without a car. Additionally, the property is just a short drive from the 110 freeway, providing direct access to nearby Pasadena and Downtown Los Angeles.

5433 Abbott Place, Los Angeles

SB23050038 MLS Active Status
Redondo Beach delight two houses located on a R-2 corner lot. Live in one and rent the other. The front house located at 1307 Mackay Ln. is a spacious 4 bedroom 3 bath home with lots of space, cabinets and storage areas.The double door entry leads to the large family room with cathedral wood beamed ceilings, bay view window and a sliding glass door leading outside to the patio area.Spacious Kitchen is located toward the back of the home for privacy.The kitchen has a dishwasher and a sun window for plenty of sunlight. The kitchen floor plan is convenient for entertaining guest in the formal dinning area that has sliding patio door leading to the back yard area. Large fireplace in the living room that has garage access, laundry has a separate area in the garage. A full bathroom with a shower located downstairs.The staircase has custom oak railings with floor panels guiding upstairs to the four bedrooms.The master bedroom is gigantic with a large walk in closet, with plenty of shelves.Sliding glass doors leading outside to the patio deck that has a view of the neighborhood, and a small utility storage room adjacent to the patio area . Master bathroom has double sinks, exquisite marble bath tub and a standup shower. Custom oak crown molding throughout the house. The two car garage has plenty of storage, cabinets and a enclosed bonus room / work shop in garage. This is a uniquely desirable property close to the fwy, shopping grocery stores and minutes from the beach. The second property at 2322 Harriman Ln is a cute 2 bedroom 2 bath home with a small bonus room currently being used as a bedroom.Separate Laundry area located in the back yard. Multiple vehicles can park in the long driveway.

2322 Harriman Lane, Redondo Beach

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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