$2,050,000
$2,250,000
8.9%For more information regarding the value of a property, please contact us for a free consultation.
6,969 Sqft Lot
SOLD DATE : 11/20/2018
Key Details
Sold Price $2,050,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision Alamitos Beach (Ab)
MLS Listing ID OC18191822
Sold Date 11/20/18
Construction Status Updated/Remodeled,Turnkey
HOA Y/N No
Year Built 1933
Annual Tax Amount $10,371
Tax Year 2017
Lot Size 6,969 Sqft
Acres 0.16
Property Description
A unique opportunity to own a 10-unit long-term rental property in an up-and-coming Long Beach neighborhood. Just blocks from downtown, Retro Row, the beach, Long Beach City College, shopping, restaurants, public transportation, this property has it all. The building has undergone a complete gut renovation and remodel including new plumbing, electrical, cabinets, countertops, quartz slab shower surrounds, fixtures and hardware. Included in each unit: refrigerator, cooktop, air conditioning, stacked washer/dryer and ample loft-style storage. Polished concrete flooring, exposed brick walls, 12-foot ceilings, large windows for natural light, and industrial finishes give these units a uniquely in-demand architectural style requiring minimal maintenance due to the durability of the surfaces and the simplicity of the design. Property is fully-occupied with long-term leases in place and tenants have been screened to the most stringent of standards. All rents listed are ACTUAL. This is a turnkey property in a location with significant upside.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Zoning LBCNR
Rooms
Other Rooms Storage, Workshop
Ensuite Laundry Washer Hookup, Gas Dryer Hookup, Inside, Laundry Closet, Laundry Room, Stacked
Interior
Interior Features Brick Walls, High Ceilings, Open Floorplan, Stone Counters, Recessed Lighting, Storage, Unfurnished, Wired for Data, All Bedrooms Down, Bedroom on Main Level
Laundry Location Washer Hookup,Gas Dryer Hookup,Inside,Laundry Closet,Laundry Room,Stacked
Heating Electric, High Efficiency, Heat Pump
Cooling Electric, High Efficiency, Heat Pump
Flooring Concrete
Fireplaces Type None
Fireplace No
Appliance Electric Cooktop, Disposal, Gas Water Heater, Hot Water Circulator, Refrigerator, Dryer, Washer
Laundry Washer Hookup, Gas Dryer Hookup, Inside, Laundry Closet, Laundry Room, Stacked
Exterior
Exterior Feature Lighting
Garage Concrete, Door-Single, Garage Faces Front, Garage, Garage Door Opener, Tandem, Workshop in Garage
Garage Spaces 2.0
Garage Description 2.0
Fence Block, New Condition, Privacy, Security, Wood
Pool None
Community Features Curbs, Storm Drain(s), Street Lights, Sidewalks, Urban, Park
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
View Y/N Yes
View Neighborhood
Roof Type Bitumen,Rolled/Hot Mop
Accessibility No Stairs, Accessible Doors, Accessible Entrance
Parking Type Concrete, Door-Single, Garage Faces Front, Garage, Garage Door Opener, Tandem, Workshop in Garage
Total Parking Spaces 3
Private Pool No
Building
Lot Description Corner Lot, Drip Irrigation/Bubblers, Garden, Sprinklers In Rear, Landscaped, Level, Near Park, Near Public Transit, Rectangular Lot, Sprinklers Timer, Street Level, Walkstreet, Zero Lot Line
Faces North
Story 1
Entry Level One
Foundation Concrete Perimeter, Slab, Tie Down
Sewer Public Sewer
Water Public
Architectural Style Modern, Traditional
Level or Stories One
Additional Building Storage, Workshop
New Construction No
Construction Status Updated/Remodeled,Turnkey
Others
Senior Community No
Tax ID 7266011001
Security Features Carbon Monoxide Detector(s),Fire Rated Drywall,Smoke Detector(s),Security Lights
Energy Description 1200.0
Acceptable Financing Submit
Listing Terms Submit
Financing Other
Special Listing Condition Standard
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Bought with Jason Phipps • Neighborhood Realty
"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