$1,265,000
$1,199,000
5.5%For more information regarding the value of a property, please contact us for a free consultation.
3,732 SqFt
SOLD DATE : 08/10/2016
Key Details
Sold Price $1,265,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,732 sqft
Price per Sqft $338
Subdivision Alamitos Beach (Ab)
MLS Listing ID OC16104911
Sold Date 08/10/16
HOA Y/N No
Year Built 1919
Tax Year 2016
Property Description
100% remodeled 6 unit apartment complex located in the heart of Retro Row on 4th Street in Long Beach, CA. The property features a fourplex up front which consists of Four - larger 1 Bed / 1 Bath units and a duplex in the back, comprised of Two – 1 Bed / 1 Bath units. Current ownership has spent over $200,000 in recent improvements. Recent upgrades include, but are not limited to new hardwood flooring, completely remodeled kitchens and appliances, bathroom tiling, copper plumbing, upgraded electrical, and washer/dryer in every unit. Tenants enjoy on-site garage parking, fully renovated units, and a fantastic central Long Beach location close shopping, restaurants, and amenities. Current 5.13% Cap Rate and Pro Forma 6.02% Cap Rate.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Rooms
Ensuite Laundry WasherHookup, GasDryerHookup
Interior
Laundry Location WasherHookup,GasDryerHookup
Fireplace No
Laundry WasherHookup, GasDryerHookup
Exterior
Garage Spaces 3.0
Garage Description 3.0
Pool None
Community Features Curbs, StreetLights, Sidewalks
Utilities Available SewerAvailable
Total Parking Spaces 9
Private Pool No
Building
Water Public
Others
Tax ID 7266018016
Acceptable Financing Cash, CashtoNewLoan
Listing Terms Cash, CashtoNewLoan
Financing Conventional
Special Listing Condition Standard
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Bought with Michael Gelfond • Bedford Properties
"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