Gary Tolfa

Paramount CA Residential Income for Sale

Situated on a over 15,000 SF lot with potential for redevelopment, the seller is motivated and has already identified an up-leg. The property was built in 1961. The Colorado Avenue Apartments include (2) two-bedroom, one-bathroom units, (1) three-bedroom, one-bathroom house, and (1) four-bedroom, two-bathroom house. The property offers adequate parking, recently remodeled units, and provides for a low density living environment. The seller has done extensive renovations to both interiors and exteriors, creating a turnkey investment opportunity.

Anaheim CA Residential Income for Sale

Pasadena CA Residential Income for Sale

Whittier CA Residential Income for Sale

This Investment Property, located in the prime and urban uptown city of Whittier. This gated property offers an investor the opportunity to acquire a stabilized asset with extensive upgrades and seismic retrofit completed. The apartment offers a unit mix of 1 bedroom units, a 2-bedroom unit, and a 3-bedroom unit. The majority of the units have been renovated along with a RUBS program implemented. With the recent AB 1482 bill(rent control) passing, this investment property gives an owner the opportunity to save money on rehabilitation and enjoy in place market rents and collection of income from RUBS while still leaving room for the annual allotted rental increase. This investment property is deliverable at a 5% CAP rate with great cash on cash return.

Long Beach CA Residential Income for Sale

Pleased to present the opportunity to acquire the 1st Street Property, a 4 unit building located steps from Ocean Blvd. Built in 1969, this property offers a good variety of large 2 and 3 bedroom units. The property includes 5 garages and is individually metered for gas and electricity, and is owner occupied. The 1st Street Property offers an investor the unique opportunity to purchase a well-located asset with a 4.2% Cap on current rents.

Anaheim CA Residential Income for Sale

Pleased to present the opportunity to acquire El Oasis Apartments on Bush Street, a 16-unit apartment complex located in Anaheim. Built in 1962, the property consists of two adjacent parcels consisting of 8 units each. Each parcel offers 2 bedroom units. In addition, the property offers 20 garage parking spaces, plenty of open parking and a nice a courtyard. The El Oasis Apartments on Bush Street offers an opportunity to purchase a well-maintained property with over 25% rental upside and over a 5.3% market cap.

Long Beach CA Residential Income for Sale

Amazing opportunity to own a premier property on the coveted Peninsula in Long Beach. Perfectly located in the heart of this beach community, this 8 unit property superbly positioned between the Pacific Ocean and Alamitos Bay. Built in 1964 this building consists of 4- 2 bedroom 1 bath and 4- 1 bedroom 1 bath units. All the units are very spacious with lots of light. The 2 bedroom units enjoy water views They are separately metered and all have their own garages. A convenient laundry room is next to the garages. Many of the units are upgraded and all are in good condition. With such a desirable location and outstanding lifestyle: bike riding, paddle boarding, swimming, close to the shops and restaurants in the neighborhood and in Belmont Shore, these units are easily rentable. An investors showpiece!See analysis for more information.

Anaheim CA Residential Income for Sale

We are pleased to present the investment opportunity of the Stonecrest Villas, a single story garden style, 14 unit apartment community situated in the picturesque West Anaheim. This property boasts three immaculately maintained buildings with abundant parking and stunning landscaping that creates a spacious and inviting environment. The majority of the apartments feature one bedrooms and include a patio, large mirrored closets, and wall air conditioning and heating units. Each building has its own water heater for added convenience and plenty of hot water. Additionally, approximately 50% of the units have been recently upgraded, adding even more value to the property. The Stonecrest Villas has consistently generated strong cash flow for the seller and presents a unique opportunity for an investor to acquire a well maintained asset with tremendous potential for an estimated 30% increase in rental income. By maximizing this potential, investors can expect to achieve a compelling 7% cap rate based on market rents. Dont miss out on this outstanding investment opportunity!

Anaheim CA Residential Income for Sale

We are pleased to present the investment opportunity of the Stonecrest Villas, a single story garden style, 14 unit apartment community situated in the picturesque West Anaheim. This property boasts three immaculately maintained buildings with abundant parking and stunning landscaping that creates a spacious and inviting environment. The majority of the apartments feature one bedrooms and include a patio, large mirrored closets, and wall air conditioning and heating units. Each building has its own water heater for added convenience and plenty of hot water. Additionally, approximately 50% of the units have been recently upgraded, adding even more value to the property. The Stonecrest Villas has consistently generated strong cash flow for the seller and presents a unique opportunity for an investor to acquire a well maintained asset with tremendous potential for an estimated 30% increase in rental income. By maximizing this potential, investors can expect to achieve a compelling 7% cap rate based on market rents. Dont miss out on this outstanding investment opportunity!

San Clemente CA Residential Income for Sale

Pleased to present 244 West Avenida Palizada, situated in a prime location just 1.5 blocks from the beach, scenic Linda Lane Park, and Casa Romantica. Built in 1960, the subject is comprised of five units plus one non-conforming unit. Essentially, all units are single-story and offer stunning canyon views, patios, and balconies, on-site laundry, and parking for each unit. Additionally, renters are attracted to this location for its easy access to the vibrant downtown scene, just 2 blocks away on Avenida Del Mar. With an added value opportunity of approximately 20% in rental upside, and a spacious 12,196 SF lot allowing for potential redevelopment, this property presents a compelling proposition for astute investors seeking a prime residential income opportunity. *Studio is non-conforming.

Fullerton CA Residential Income for Sale

The West Property is a well maintained, two parceled, 16 unit building in central Fullerton. With it’s recent updates including new stairs, guardrails, energy efficient exterior windows, A/C wall units, kitchens equipped with upgraded range hoods and cabinets, the property has attracted tenants to a place to call home. The complex also features eight double car garages, a laundry facility and a community area with a BBQ and gazebo for friend and family gatherings. In the heart of the college town with surrounding retail and restaurants, an astute investor will recognize the great opportunity of owning the West Property.

Long Beach CA Residential Income for Sale

The Maine Avenue Apartments, an 8 unit apartment building in walking distance to Downtown Long Beach, CA. Maine Avenue Apartments offer an attractive mix of (2) 3-Bedroom 2 Bath, and (6) 2 Bedroom 1 Bath Units. This is an all electric building to decrease utility costs. As well as high speed wi-fi provided to residents for greater satisfaction and occupancy. These spacious units set this property apart with square footage ranging from 850 – 985 SQFT. With 10 garages plus 7 additional parking spaces and storage areas for potential income, there is ample parking for the property as well as recent renovations including engineered hardwood flooring, fresh paint, and stainless steel appliances. Situated on a cul de sac cuts down on traffic, noise and is safe for tenants to enjoy. All New Energy efficient upgrades and low pressure aerated shower and faucets. Located in the Wilmore District, the building has easy access to freeways. The investment has potential for a 5.8%+ Cap Rate and a 12.6 GRM on market rents. It is 100% occupied with no section 8 tenants. The property has recent renovations including engineered hardwood flooring, fresh paint, and stainless steel appliances.

Buena Park CA Residential Income for Sale

Truly a turnkey property that has about 20% upside in rents. A very well maintained property with attractive landscaping makes a great property to own in a wonderful location in Buena Park.

Buena Park is known as the "Center Of The Southland" that sits in between Interstate 5, the 91 Freeway and Beach Boulevard. The city offers a vast variety of retail shopping, eateries and entertainment to choose from. The city has been undergoing a lot of development with nothing bigger than The Source. The Source is approximately 400,000 sq. ft. of retail, office, restaurant, hotel, and entertainment complex.

Costa Mesa CA Residential Income for Sale

287 E. 16th Place is a unique 8 unit Eastside Costa Mesa investment opportunity advantageously located near the border of Newport Beach and the shopping, dining and entertainment of popular 17th St. in Costa Mesa.

Per assessor, total building square footage is over 9,000 sqft and lot size is over 13,000 sqft. The smart unit mix includes oversized floorplans and features two 3 bedroom/2 bath units, two 1 bedroom/1 bath units and four 2 bedroom/2 bath units. Residents share the charming interior courtyard.

The windows have been replaced throughout the building and most units have upgraded interiors, including newer bathrooms/kitchens and newer flooring.

There is big upside in rental rates, with several units on month-to-month rental agreements. Conservative pro forma rents include: 1 bedroom - $1900, 2 bedroom - $2300 and 3 bedroom - $2750, which equates to a conservative pro forma Gross Scheduled Income of $222,000.

There are two single car garages, plus carport and assigned parking spots. The small laundry room is shared and some units have washer/dryer hookups. Units are separately metered for gas and electric.

San Clemente CA Residential Income for Sale

Pleased to present 244 West Avenida Palizada, situated in a prime location just 1.5 blocks from the beach, scenic Linda Lane Park, and Casa Romantica. Built in 1960, the subject is comprised of five units plus one non-conforming unit. Essentially, all units are single-story and offer stunning canyon views, patios, and balconies, on-site laundry, and parking for each unit. Additionally, renters are attracted to this location for its easy access to the vibrant downtown scene, just 2 blocks away on Avenida Del Mar. With an added value opportunity of approximately 20% in rental upside, and a spacious 12,196 SF lot allowing for potential redevelopment, this property presents a compelling proposition for astute investors seeking a prime residential income opportunity. *Studio is non-conforming.