$1,555,000
$1,500,000
3.7%For more information regarding the value of a property, please contact us for a free consultation.
3,655 SqFt
SOLD DATE : 09/22/2021
Key Details
Sold Price $1,555,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,655 sqft
Price per Sqft $425
Subdivision Alamitos Beach (Ab)
MLS Listing ID PW21106565
Sold Date 09/22/21
Construction Status Turnkey
HOA Y/N No
Year Built 1925
Lot Size 2,273 Sqft
Acres 0.0522
Property Description
Located in the heart of Alamitos Beach, we are pleased to present this opportunity to own The Esperanza Apartments. This property includes four large 900 sqft 1-bedroom / 1-bathroom units, prime for a conversion into 2-bedroom units and a laundry room. 126 Esperanza is a few blocks from Downtown Long Beach and two blocks from the beach. With a walk score of 90, this is the most walkable zip code in Long Beach. Your tenant base will enjoy a short distance to amazing restaurants like Ellie’s, 555 East American Steakhouse, and The Plunge in addition to an awesome nightlife at bars like Black Long Beach, The Blind Donkey, and much more. The property has beautiful original hardwood floors, tiled fireplaces, wood built-ins, and aesthetic period detailing. The owner meticulously maintained the property's features and recently installed copper plumbing throughout the building as well as a large portion of new windows. Finally, the laundry room is a separate room above the building with coin laundry which provides additional income.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Zoning LBR4R
Rooms
Ensuite Laundry Common Area, Laundry Room
Interior
Laundry Location Common Area,Laundry Room
Flooring Wood
Fireplaces Type Living Room
Fireplace Yes
Laundry Common Area, Laundry Room
Exterior
Garage None
Pool None
Community Features Biking, Curbs, Gutter(s), Storm Drain(s), Street Lights, Sidewalks, Urban
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Waterfront Description Across the Road from Lake/Ocean
View Y/N Yes
View Neighborhood
Roof Type Flat
Parking Type None
Private Pool No
Building
Lot Description 0-1 Unit/Acre, Corner Lot
Faces West
Story 2
Entry Level Two
Foundation Raised
Sewer Public Sewer
Water Public
Architectural Style Spanish
Level or Stories Two
New Construction No
Construction Status Turnkey
Others
Senior Community No
Tax ID 7265012002
Acceptable Financing Cash, Conventional, 1031 Exchange, VA Loan
Listing Terms Cash, Conventional, 1031 Exchange, VA Loan
Financing Cash
Special Listing Condition Standard
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Bought with Grace Olson • GE Dean and Associates
"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