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Key Details
Sold Price $3,305,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Downtown (Dt)
MLS Listing ID CV22052753
Sold Date 06/17/22
HOA Y/N No
Year Built 1923
Lot Size 7,501 Sqft
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
Interior
Fireplace No
Laundry None
Exterior
Pool None
Community Features Curbs, Gutter(s), Sidewalks
Total Parking Spaces 2
Private Pool No
Building
Lot Description 16-20 Units/Acre
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, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with KRISTOPHER GERMAN • RE/MAX 2000 REALTY
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