$1,850,000
$2,000,000
7.5%For more information regarding the value of a property, please contact us for a free consultation.
0.28 Acres Lot
SOLD DATE : 12/21/2018
Key Details
Sold Price $1,850,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Downtown (Dt)
MLS Listing ID SB18250301
Sold Date 12/21/18
HOA Y/N No
Year Built 1990
Lot Size 0.280 Acres
Acres 0.28
Property Description
pleased to present 1140-48 Orange Ave, a well maintained 8-unit apartment building located in non-rent controlled Long Beach, CA. This is a fantastic value-add opportunity as current rents significantly below market. The property consists of two separate structures; the front built in 1939 and the back built in 1990. The property features 7,059 rent-able square feet and a great unit mix of four 2-bed/2-bath units, three 2-bed/1-bath units, and one 1-bed/1-bath unit. Additionally, there are nine open parking spaces, four garages, and laundry on-site.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Zoning LBR2N
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Curbs, Gutter(s), Street Lights, Sidewalks
Total Parking Spaces 13
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 7267003009
Acceptable Financing Submit
Listing Terms Submit
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with John Levis • CBRE Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
3631 Truxel Rd # 1081, Sacramento, CA, 95834, United States