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We are pleased to present 4545-4581 Main Street, a 14-unit multifamily investment opportunity located near Downtown Riverside. Just off Magnolia Avenue and 14th Street, the property spans three contiguous parcels totaling 34,412 square feet and consists of five separate buildings, including a standalone 3-bed/2-bath home, three duplexes, and one 7-unit structure. Nearly all units are single-story, offering tenants a comfortable, residential feel in a walkable, well-connected location. The unit mix includes one 3-bed/2-bath home, six 2-bed/1-bath units, six 1-bed/1-bath units, and one studio. Tenants benefit from mini-split A/C systems, 22 on-site parking spaces, on-site laundry, and newer roofs key features that support tenant satisfaction and long-term stability. Additional stand-alone garages offer rental income potential as storage units, along with two owner's rooms that may be convertible to garages or ADUs (buyer to verify feasibility). The asset is currently operating at a 6.06% cap rate and 11.31 GIM, with in-place income and modest upside through future rent increases. Located steps from Riverside City College and minutes from UC Riverside, the property is surrounded by retail, employment centers, and Riverside's most notable attractions including the Mission Inn Hotel, Cheech Marin Center, and Mount Rubidoux Park. With strong fundamentals and a desirable unit mix, this offering presents a rare opportunity for investors seeking stable cash flow in one of the city's most proven rental markets.

1663 Alum Rock also included in asking price of $3,640,000.

Ocean View Beach Cottage with Approved Plans for a Luxury Home on Balboa Peninsula Welcome to your dream property, just one row from the ocean with stunning views from the roof deck! This unique opportunity offers a charming beach cottage and a detached efficiency studio, perfect for immediate use or rental income. The property is located off a spacious 20-foot alley on a generous 31-foot wide by 102-foot-long lot, providing ample space and privacy. The beach cottage was completely remodeled in 2020, featuring new windows and a new roof, ensuring a comfortable and modern living experience. But the real gem of this property lies in its future potential. The owners have fully approved construction drawings from the City of Newport Beach, ready for a brand-new, three-story single-family dwelling. Imagine living in a luxurious new home designed with every modern convenience in mind. The new home design includes four spacious bedrooms, each with its own full bath, and two additional powder rooms for guests. The attached Accessory Dwelling Unit (ADU) offers its own entry and patio, perfect for extended family or rental income. The home also features a stunning three-story glass elevator, making every level easily accessible. With a total of 2,924 sq. ft. in the main house and an additional 533 sq. ft. in the ADU, there is plenty of room for everyone. The new construction will provide four off-street parking spaces, including an attached 2-car garage and a 2-car carport, ensuring ample parking for residents and guests. The second level boasts two decks, one with breathtaking ocean views, while the third level features an expansive 852 sq. ft. roof deck. This incredible outdoor space includes a powder room, appliances, BBQ, fire pit, and is designed for a hot tub, making it the perfect spot for entertaining or relaxing while enjoying the ocean views. The Peninsula is a scenic three-mile stretch with the harbor on one side and sandy beaches on the other. The area is primarily residential with some commercial areas, offering a mix of waterfront restaurants, local surf shops, and some of the best nightlife in Newport Beach. The permits are ready, and the property is set to move forward with construction. Act now! We have recently reduced the price by $40,000, making this an even more incredible opportunity. Do not miss out on this rare chance to own a piece of paradise with endless potential. Contact us today to learn more and schedule a viewing!

To schedule an Open House or to request more information about this property, call Walla Walla Sotheby's Realty at 760-840-2300...

Nestled in the iconic and artistic community of South Laguna Beach, this stunning property at 31652 2nd Avenue offers an unparalleled opportunity to own a versatile, well-maintained creative office space with expansive ocean views and huge residential/mixed-use potential. The brick façade of this building, built in 1978, exudes a timeless Laguna Beach charm, seamlessly blending classic coastal style with functional modernity. Spanning ±3,633 square feet of thoughtfully designed interior space and situated on a generous ±6,534 square foot lot, the property provides an ideal canvas for businesses or investors seeking a serene and inspiring work/live environment. With SLV (South Laguna Village Commercial) zoning, this space is perfect for a wide range of endeavors, from creative agencies to boutique businesses to South Laguna living, all within walking distance to the popular restaurants and stunning beaches that make South Laguna so desirable. This is a one-of-a-kind chance to purchase a property that truly embodies the spirit of Laguna Beach, where creativity, character, and coastal living collide. Opportunities like this don’t come around often, making this a rare and exciting investment for those seeking a space that is both beautiful and functional, as well as strategically positioned to thrive in one of the most sought-after coastal cities in Southern California.

Nestled in the iconic and artistic community of South Laguna Beach, this stunning property at 31652 2nd Avenue offers an unparalleled opportunity to own a versatile, well-maintained creative office space with expansive ocean views. The brick façade of this building, built in 1978, exudes a timeless Laguna Beach charm, seamlessly blending classic coastal style with functional modernity. Spanning ±3,633 square feet of thoughtfully designed interior space and situated on a generous ±6,534 square foot lot, the property provides an ideal canvas for businesses seeking a serene and inspiring work environment. With SLV (South Laguna Village Commercial) zoning, this space is perfect for a wide range of professional endeavors, from creative agencies to boutique businesses, all within walking distance to the popular restaurants and stunning beaches that make South Laguna so desirable. This is a one-of-a-kind chance to purchase a property that truly embodies the spirit of Laguna Beach, where creativity, character, and coastal living collide. Opportunities like this don’t come around often, making this a rare and exciting investment for those seeking a space that is both beautiful and functional, as well as strategically positioned to thrive in one of the most sought-after coastal cities in Southern California.

To schedule an Open House or to request more information about this property, call Walla Walla Sotheby's Realty at 760-840-2300...

In Del Mar, the road to perfection is actually a lane. Steps from the ocean on a whisper-quiet side street, this meticulously renovated cottage has been updated w/ lux finishes, modern craftsmanship & brand new ADU. Totaling 2BR/2BA & a combination of luxury, comfort, & location, Sherrie Lane is all about walkability. Located 2 houses from the newly preserved Coastal Bluff Trail, enjoy breathtaking ocean views stretching from La Jolla to Dana Point. Shops, restaurants & beaches of Del Mar are steps away. In Del Mar, the road to perfection is actually a lane. Steps from the ocean on a whisper-quiet side street, this meticulously renovated cottage has been updated with lux finishes, modern craftsmanship and a brand new ADU. Expect a masterful combination of luxury, location and indoor-outdoor design. Vaulted ceilings invite the California sun while French doors connect interiors to outdoor living spaces with ocean views and seabreezes. Refined architectural details shine through: There’s board-and-batten siding, copper gutters, tongue-and-groove beams and wide-plank white oak floors throughout. Fling open the Dutch door, and immerse yourself in this bright, coastal kitchen with Calacatta marble countertops, new cabinetry, a built-in banquette and a farmhouse cast iron sink. The airy master bedroom features a walk-in closet while French doors spill onto the Ipe raised sundeck with private ocean views and a surf shower. The 1-bedroom, 1-bathroom cottage is made more substantial with this high-designed ADU, an income opportunity. The vaulted 1-bedroom, 1-bathroom ADU features a private entrance, a flex loft space and storage, a kitchenette, a walk-in closet; and a luxurious new bathroom has a dual vanity, limestone flooring, quartz stone walls, a soaking tub and shower. With a Magnolia tree, native hedges and fencing, the front yard feels private enough to double as your outdoor living room. There’s parking for two cars including one covered carport with storage, and two EV plug-ins. A combination of luxury, comfort, and location, Sherrie Lane is all about walkability. Located two houses from the newly preserved Coastal Bluff Trail, enjoy breathtaking ocean views stretching from La Jolla to Dana Point. Meanwhile, the shops, restaurants and beaches of Del Mar are within .5 miles.

Situated in one of the more visible corner lots in the city, the property boast a walkers paradise score of 93 out 100! Immediate access to Glendale Marketplace, City Hall, Americana at Brand, Glendale Galleria and a whole myriad of local shops, services and cafes. The 10 units are comprised of (7) 2+1 units and (3) 1+1 units. A standalone terrace unit on the third floor offers some great views of the city and mountains. Incorporating both on grade parking and enclosed garages, there may be a potential to convert into ADUs, buyer to research & verify. Ease of management, low turnover and upside in rents make this an attractive acquisition opportunity.