New Apartment Building Listings

7/30/2019 New Apartment Building Listings

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GULF PIONEERREAL ESTATE INVESTMENT

DR. ADEL B. MOUFARREJ

Vice President and Executive Partner

Senior Investment Consultant

Cells: +966555520389 K.S.A

+16264009501 U.S.A

[email protected]

CALIFORNIA REAL ESTATE INVESTMENT

Olympicwww.C-21bh.com www.cb-olympic.com

www.GulfPioneerInvest.com


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INVESTMENTS

The first golden rule of investment is to diversify your investments in order to

preserve your fortune against all unforeseeable economic adversities. All

circumstances and all instances indicated that the safest place to invest is in

United States for its stable and safe political structure. Also the US economyaffects every human being in every country regardless of the economic pyramid

of such country.

The safest and most lucrative investment in United States is the real estate

especially at present whereby the real estate market has been stagnant in the

bottom and started bottoming out and taking an upturn.

We , being large realty companies in California with four decades of experience in

the real estate domain, have herein displayed rare real estate investment

opportunities.

We have proposed to investors four categories of real estate investment:

I - Vacant lands

II Shopping Centers and Markets; (Income Properties)

III Apartment Buildings (Income Properties)

IV - Office Buildings (Income Properties)

The listed prices of the displayed projects are already the market discountedprices however we can depress these prices further down to be equal to 50% of

their original prices as appraised before the recession.

We are sure that if we purchase for you the following listed income properties at

our negotiated prices your income interest (yield) would be over 8%-10% and we

would be able to sell them for you at the end of 2016 at a profit of 30% to 60% on

your invested capital.

Please see the following projects and inform us of your interest in any investment

category we would then enlarge our scope of projects and related analysis.


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946 Water St., Bakersfield, CA 93305

Price: $491,700 No. Units: 4 Building Size: 2,000 SF Price/Unit: $122,925 Property Type: Multifamily Cap Rate: 18.99% Occupancy: 100% Lot Size: 0.27 AC


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412 East 17 Street, Long Beach, CA 90813

Price: $690,000 No. Units: 4 Building Size: 3,607 SF Price/Unit: $172,500 Property Type: Multifamily Cap Rate: 13.40% Occupancy: 100% Lot Size: 0.15 AC

Detached 3 bedroom 1 bath house + 3 units for only $690,000. Completely renovated,new roof, updated electrical, new paint, carpets. Always rented. Upside on rents. Live inSFR and rent the 3 units. Professionally managed building.

Excellent location south of PCH, close to schools, parks, and public transportation.


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Mansion House

106 North Hunter Street, Stockton, CA 95202

Price: $1,400,000 No. Units: 31 Building Size: 30,000 SF Price/Unit: $45,161.29 Property Type: Multifamily Property Sub-type: Mid/High-Rise Cap Rate: 12.50% Occupancy: 61% No. Stories: 3 Lot Size: 0.26 AC

Mansion House Apts and Retail was built in 1873 and is comprised of 26 apartment unitsand 5 ground level retail units. This opportunity allows for the investor to increaserevenue through lease up and building stabalization. The exisitng ownership doesn't

market or advertise the vacant units.

Located in Stockton, Ca., this city is improving and evolving into a community ofentertainment, history, dining, and sports. The location is In close proximity to Highway4, Highway 99, and Interstate 5.


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Wardlow, Long Beach, 5 Units -11.8%CAP RATE

2214 & 2240 W. Wardlow Rd, Long Beach, CA 90810

Price: $925,000 No. Units: 5 Building Size: 4,725 SF Price/Unit: $185,000 Property Type: Multifamily Cap Rate: 11.80% Occupancy: 99% No. Stories: 2 Lot Size: 0.19 AC

Standardsale,hugecash-flowopportunity!Thisisararechancefortheright

investortopurchaseaturn-key,highcash-flowproducingbusinessalongwiththerealestate.Thisisa4unitapartmentbuildingandasinglefamilyresidence(located

just1lotawayfromeachotheronthesamestreet)whichoffersauniquelocation

andisapprovedfortransienthousing.Theyarecurrentlyoperatingashalf-way-houses.Overthepast2yearsthesepropertieshavebeensuccessfullyoperatingand

servingtheLongBeachcommunityprovidinghousing/bedsfortransienttypeoccupants.


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1004-1008N. Ardmore1004 -1008 N. Ardmore, Los Angeles, CA 90029

Price: $595,000 No. Units: 4 Building Size: 2,819 SF Price/Unit: $148,750 Property Type: Multifamily Cap Rate: 11.30% Lot Size: 0.18 AC


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11%Cap Remodeled Property!8511 South Vermont Avenue, Los Angeles, CA 90044

Price: $1,299,000 No. Units: 19 Building Size: 10,500 SF Price/Unit: $68,368.42 Property Type: Multifamily Cap Rate: 11% Occupancy: 95% Lot Size: 0.14 AC

11%Capremodeledmixedusebuilding!17singleunitsand2commercial.Allrents

areNNN.BuildingisCOMPLETLEYrehabbedfromthegroundup.Newplumbing,

newelectric,newgaslines,newelectricpanels,newHVACunits,newwaterheaters.

Don'tmissoutonthisopportunity!


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1818N Broadway1818 N Broadway, Los Angeles, CA 90031

Price: $995,000 No. Units: 19 Building Size: 4,142 SF Price/Unit: $52,368.42 Property Type: Multifamily Cap Rate: 10.02% Occupancy: 95% No. Stories: 2 Lot Size: 0.17 AC

18-unitand1-retailopportunity.Just5-minutesnorthofdowntownLosAngelesinthesub-marketofLincolnHeights,thispropertyhasaprimelocationandexcellent

tenants.6-SROunitsandtherestfullunitsand14-gatedparkingspaces.


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12 Units in Boyle Heights -EXCELLENTCASH FLOW!

2934 WHITTIER BLVD, Los Angeles, CA 90023

Price: $1,500,000 No. Units: 12 Building Size: 10,736 SF Price/Unit: $125,000 Property Type: Multifamily Cap Rate: 8.83% Occupancy: 75% Lot Size: 0.36 AC

EXCELLENTINVESTMENTOPPORTUNITY!Thisterrificmixeduse

commercial/residentialincomepropertyconsistsof5commercialunitsand7

residentialunits-one2bedroomunit,four1bedroomunitsand2singles.Itfeatureslargecornerlotwithgreatexposureandplentyofgatedparking.It

providesexcellentcashflowwithhugeupsidepotentialinrents.


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Huntington -Fresno5239 E Huntington Ave, Fresno, CA 93727

Price: $2,800,000 No. Units: 60 Building Size: 39,024 SF Price/Unit: $46,666.67 Property Type: Multifamily Cap Rate: 11% Occupancy: 88% Lot Size: 2.24 AC

60units.32twobdunits28onebdunits.ExpensesEstimated.ActualsComing.Call

Agent.DriveBy-WalkThrough,don'tinformtenantsormanager.NiceUnits,Good

Value.OffersSubjectToInteriorInspections.HasPoolAndLaundryRoom.Carport

Parking.WalktoSunnysideHighSchoolandallschools.


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Downtown San Francisco

74 6th Street, San Francisco, CA 94103

Price: $10,625,000 No. Rooms: 194 Building Size: 33,952 SF Price/Room: $54,768.04 Property Type: Multifamily Cap Rate: 8.43% Average Occupancy: 97% No. Stories: 5 Lot Size: 0.18 AC

TheBaldwinHouseHotelisa194roomresidentialhotelcentrallylocatedinthe

heartofSanFrancisco'srapidlygrowingMid-Market(MidMa)District.Thereare167SingleRoomOccupancy(SRO)licensedrooms,21Touristlicensedrooms,and

6non-conformingrooms,allincludingsinks,with3sharedtoiletsand4showers

perfloor.InadditiontobeinglocatedinoneofthemostrapidlyimprovingareasofSan

Francisco,TheBaldwinHouseHotelisjuststepsawayfromSanFrancisco'smajorpublictransportationhubs,multipleMunilines,theBart,andtheCaltrain.Itis

locatedashortdistancefromSanFrancisco'sTheatreDistrict,FinancialDistrict,

andUnionSquare.


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PalmDrive Apartments200 N. Palm Drive, Blythe, CA 92225

Price: $4,000,000 No. Units: 79 Building Size: 80,000 SF Price/Unit: $50,632.91 Cap Rate: 9.86%

ThePalmDriveApartmentsisa79remodeledunitswithagreatunitmix.The

complexcomprisedofEight,twostorybuildingsandone,onestorybuildingallin

approx.4.00acresofparklikegroundswhichincludesapool,spa,picnicarea,

maturelandscapingandsolarpanelstosaveongasconsumptionforthewater

heaters(boilers).Thereisanadditionallandthatcanbeusedforadditionalunitsor

evencommercialuse


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Chicago Gateway Building B

1955 Chicago Ave., Riverside, CA 92507

Price: $4,970,000 Building Size: 34,457 SF Price/SF: $144.24 Property Type: Multifamily Cap Rate: 10.16% Year Built: 2006


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807 S Westlake & 2014 W 8th

807 S westlake Ave, Los Angeles, CA 90057

Price: $6,500,000 No. Units: 85 Building Size: 57,498 SF Price/Unit: $76,470.59 Cap Rate: 8.23% Occupancy: 100% No. Stories: 4 Lot Size: 0.51 AC

GetinthepathofwestwardgrowingNewDowntownLA.Thisislessthanamile

fromLALive!Rapidlygentrifyingandsuper-densearealOver60,000peopleper

squaremile.


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462SRexfordDr.S,BeverlyHillsCa

Price:$3,600,000Units:6

PrimeBeverlyHillslocationontheNEcornerofRexford&Whitworth-adevelopmentsitewithfullyentitledplans.Proposed4-storycondominiumprojectwithpotentialtobuild7luxuryunitsallwithsouth/westexposurewithonelevelofsubterraneanparking.Existingbuildingconsistsof6unitapt.buildingwith6garagespaces,generatinginterimincomepriortoconstruction.Mainvalueisinthelandforthislargecornersiteof8,215sqft.Atrulyrareopportunitytobuildnewconstructionwithtremendousvalue.Unitsaretenantoccupiedandcanonlybeshownwithacceptedoffer.


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1311CaliforniaAve,SantaMonica,Ca

Price:$3,550,000Units:8PrimeSantaMonicalocation.GreatOwner/UserBuildingwith8units.Theunitshavehardwoodfloors,andlotsofclosetspace.


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6301OceanFrontWalk,PlayaDelRey,Ca

Price:$3,699,000Units:2

Boldlyappointedonthepristinebeach-frontofPlayadelRey'sserenecoastline,thiscustombuiltestateofferstheultimateinindoor/outdoorCalifornialiving.Anextraordinaryresidentialexperiencewithunlimitedoceanviews.Spaciospatiosoverlookingtheseaoneveryfloor,andagraciousroofdeckoffersviewsaroundtothesurroundingmountaintops.Arareandflexibleopportunity:atwo-storyresidence(3beds)usedbyOwnerswithaseparatebutattachedincomeapartment(2beds)rentedfor$3500/month.


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11933GoshenAve.,

Price:$3,950,000No.Units:7BuildingSize:10,000SFPropertyType:Multifamily

PrimeBrentwoodlocationinagreatblock,NorthOfWilshire.Thisisaprimebuildingforcondoconversionhasalreadybeencompletedatabout80%.Currentlyfour2BR+2BA(allapprox.1300Sqft),one2BR+2.5BA(approx.1,350Sqft),one2BR+3BA+Loft(approx.1850Sq.Ft.)andone3BR+3BA+Loft(approx.2100Sq.Ft.).Netoperatingincomeapprox.$16,650/month.Expensesapprox.$1,520/month.


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EightNewTownhomes!

1451HiPointStreet,LosAngeles,CA90035

Price:$3,650,000No.Units:8

BuildingSize:10,562SFPrice/Unit:$456,250

PropertyType:MultifamilyNo.Stories:3LotSize:.20Acres

ThePropertyhasadesirableunitmixcomprisedofsix,twostory2Bedroom/2.5BathroomTownhomeunits,andtwo,threestory3Bedroom/2.5BathroomTownhomeunits.Theseluxuriousandcondo-qualityunitshavespaciousgourmetkitchenswithgranitecountertops,

six-burnergasstoves,stainlesssteeldishwashersandrefrigerators,anddarkwoodcabinetry.Theappliancesarestainlesssteel.Plentiful,brand-newwindowscontributetothebrightatmosphere.Therearehardwoodfloorsthroughout.Eachunithasawasheranddryerhookup.Thebathroomshavetravertinetile,slidingglassshowerdoors,andmodernsinks.


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VISTA APARTMENTSNORTH HILLS, CA

Price: $6,250,000Number of Units: 38 UnitsBuilding Size: 30,262 Square Feet

Lot Size: 17,653 Square FeetThe Vista North Hills is an ultra luxury 55+senior apartment. All 38units are 1 bedroom 1 bath. Built in 2010 the units where constructedwith the intent of being sold off individually as condominiums. Thebuilding is 100% occupied . The state-of-the-art units boast stainlesssteel appliances, granite counter tops, designer cabinetry,9 footceilings with recessed lights and crown moldings. Each unit has thereown stackable washer/dryer hook up, balcony, on demand water

heater, individual air conditioning units and meters for electric, gasand sub meter for water usage. The property consists of 38 units witha 3000 sqft recreational roof top garden with 360 degree views. Thereis also a recreational gathering room and two elevators for extraconvenience.. Built to ADA standards and accessibility. The parking isground level with controlled access. The Vista North Hills is locatedin the center of San Fernando Valley. There is a full service healthclub next door.


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NORTH AVENUE APARTMENTSLOS ANGELES, CA

Price: $13,500,000Number of Units: 103 UnitsBuilding Size: 70,835 Square FeetLot Size: 38,546 Square Feet

Two adjacent non-rent controlled properties both with controlledaccess, elevator and two level sub. parking garage. Under marketrents, units have A/C and some with dishwashers and balconies.Effective Gross Income: $1,202,825


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51st St Apartments

901 E 51st St, Los Angeles, CA 90011

Price: $525,000

No. Units: 6

Building Size: 4,698 SF

Property Type: Multifamily

Cap Rate: 8.85%


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1650 Frisbie Court, Concord, CA 94520

Price: $690,000

No. Units: 6


Price/Unit: $115,000


Cap Rate: 8.3%


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Art Deco Francis

2853 Francis Ave, Los Angeles, CA 90005

Price: $1,625,000

No. Units: 17




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16UNITS -SOUTH LOS ANGELES1015 & 1019 W. 85th Street, Los Angeles, CA 90044

Price: $1,250,000

No. Units: 16



The investment consists of two adjacent eight (8) unit apartments with a total ofsixteen (16) large Single units


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10Units7617 Milton, Whittier, CA 90602

Price: $1,050,000

No. Units: 10


Price/Unit: $105,000 Property Type: Multifamily


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555Via Manzanas555 Via Manzanas, San Lorenzo, CA 94580

Price $1,400,000

No. Units: 10 Building Size: 6,800 SF



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1423Magnolia1423 S. Magnolia, Los Angeles, CA 90006

Price: $1,999,000 No. Units: 24




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Fayette Apartments

1615 Rose Avenue, Long Beach, CA 90813

Price: $1,100,000

No. Units: 10




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10355S. Western Avenue10355 S. Western Avenue, Los Angeles, CA 90047

Price:$1,595,000

No. Units: 18



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60th Street Apartments

3236 W 60th Street, Los Angeles, CA 90043

Price: $1,950,000

No. Units: 21



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2600International Boulevard2600 International Boulevard, Oakland, CA 94601

Price: $1,195,000

No. Units: 24


Price/Unit: $49,791.67


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Sycamore Hotel/SRO -San Francisco30 Sycamore Street, San Francisco, CA 94110

Price: $1,850,000

No. Rooms: 31



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6910Woodley Avenue6910 Woodley Avenue, Van Nuys, CA 91406

Price: $1,825,000

No. Units: 8



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Fallbrook | 16 Units | All Two Bedrooms

450 Ammunition Road, Fallbrook, CA 92028

Price: $1,685,000

No. Units: 16


garden-styleapartmentcommunityconsistingsolelyoftwo-bedroom/one-bath

apartmentunitslocatedinFallbrook,California


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Fairview Terrace

650 Fairiview Ave, Corning, CA 96021

Price:$1,000,000

No. Units: 24


FairviewTerraceconsistsentirelyofwell-appointedtwobedroom,onebathunits.

Theunitscomesequippedwithcentralheatandair,anindividualhotwaterheater,

andpatiosorbalconies.


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1495 Cedar Ave

1495 Cedar Ave, Long Beach, CA 90813

Price: $1,200,000

No. Units: 14

Building Size: 5,276SF

This14-unitbuildinghasundergoneseveralimprovementssincelate2011.9ofthe

unitshavenewkitchenandbathroomcabinets.Themajorityoftheunitshave

upgradedwithcopperplumbingandnewwallheaters.In2011,thebuildinghada

newroof,exteriorvinylwindows,andanewmainelectricalpanelinstalledaswell.


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525 Colden

525 w Colden Ave, Los Angeles, CA 90044

Price: $1,675,000

No. Units: 8


8townhousestyleunitswithprivatepatiosandbuilttocondostandards.The

buildingwasbuiltin2005andunitsareseparatelymeteredforgasandelectric.The

lotgoesstreettostreet,andthebuildingisEXEMPTFORRENTCONTROL.Thisisa

greatdealforinvestors


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Villa Granada

1610 Mono Ave, San Lorenzo, CA 94580

Price: $1,800,000

No. Units: 11


VillaGranadaTownhomesisa12-unittownhomedevelopmentlocatedontheSan

Lorenzo/SanLeandroborder.Thereare11,two-bedroom/oneandhalf-bathunits

thatareapproximately1,000squarefeet.Theunitsaretwostories,haveinside

laundryfacilities,rearpatioareasandlargeopenfloorplans.


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Silver Creek Townhomes

2731-2751 Don Juan Drive, Rancho Cordova, CA 95670

Price: $1,175,000

No. Units: 16


SilverCreekTownhomesisa16unittownhouse-stylecomplexlocatedinthe

SacramentosuburbofRanchoCordova.Theextremelylargeunitstyleisuniquefor

theareaandareeasytorent.


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Torequestfurtherinformationandanalysison

differentpropertiesoronadifferentportfolio,please

contactDr.AdelB.Moufarrejat

[email protected]

1(626)400-9501USA

+966555520389SaudiArabia

www.GulfPioneerInvest.com

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New Apartment Building Listings