$3,305,000
$3,280,000
0.8%For more information regarding the value of a property, please contact us for a free consultation.
10,464 SqFt
SOLD DATE : 06/17/2022
Key Details
Sold Price $3,305,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 10,464 sqft
Price per Sqft $315
Subdivision Downtown (Dt)
MLS Listing ID CV22052753
Sold Date 06/17/22
HOA Y/N No
Year Built 1923
Lot Size 7,501 Sqft
Acres 0.1722
Property Description
We are pleased to present this 16 unit opportunity in the "Downtown Adjacent" region of Long Beach. The property consists of 2 separate buildings with the front building housing 12 units and the rear building housing the other 4. There are a total of (11) 1 Bedroom units and (5) Studio units that are separately metered for gas and electricity. A new investor will immediately enjoy strong positive cash flow with a huge upside of 34%+ in rental income once stabilized.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Zoning LBCO
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Fireplace No
Laundry None
Exterior
Pool None
Community Features Curbs, Gutter(s), Sidewalks
Total Parking Spaces 2
Private Pool No
Building
Lot Description Item1620UnitsAcre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7274020015
Energy Description 1750.0
Acceptable Financing Cash, CashtoNewLoan
Listing Terms Cash, CashtoNewLoan
Financing CashtoNewLoan
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with KRISTOPHER GERMAN • RE/MAX 2000 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