$1,385,000
$1,400,000
1.1%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 07/31/2018
Key Details
Sold Price $1,385,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Downtown (Dt)
MLS Listing ID PW18053321
Sold Date 07/31/18
HOA Y/N No
Year Built 1942
Property Description
The subject property is located just blocks away from the thriving downtown Long Beach developments and has a desirable unit mix consisting of (3) one-bedroom/ one-bathroom units and (5) studio units. Built in 1942, the subject property consists of 4,170 rentable square feet on a lot size of 6,247 square feet. It is separately metered for gas and electricity, keeping expenses to a minimum. This property is within a short distance to the hub of tourism, business, and transit that is Downtown Long Beach. This is a rare opportunity to acquire a quality, pride-of ownership asset in this outstanding rental market and would make a great addition to any investors portfolio.
The city of Long Beach continues to progress forwards and is currently experiencing major redevelopment of $2.2 billion. An example of this large scale redevelopment is the Long Beach Civic Center, which is estimated to be completed early 2019. The Civic Center will include a new city hall and the Port of Long Beach headquarters, as well as multifamily residential units. Long Beach sustains its ability to attract renters due to its strong economy and high quality of life.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Zoning LBCNR
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Fireplaces Type None
Fireplace No
Laundry None
Exterior
Garage Driveway
Pool None
Community Features Curbs, Sidewalks
Parking Type Driveway
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story 2
Entry Level Two
Sewer Unknown
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7266023024
Energy Description 763.0
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash
Special Listing Condition Standard
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Bought with General NONMEMBER • CRMLS
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3631 Truxel Rd # 1081, Sacramento, CA, 95834, United States