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Key Details
Sold Price $1,250,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,640 sqft
Price per Sqft $473
Subdivision Other (Othr)
MLS Listing ID NP19048379
Sold Date 11/28/19
HOA Y/N No
Year Built 1923
Lot Size 5,919 Sqft
Acres 0.1359
Property Description
This newly renovated 6 unit building is a strong investment opportunity. Located in the North Alamitos Beach neighborhood of Long Beach, all 6 units were completely remodeled down to the studs and have new floors, kitchens, countertops, bathrooms, appliances and laundry inside. Each unit is a 1 Bed, 1 Bath with all the quality finishes pictured here. Included are 4 rent-producing garages with new garage doors and fresh paint throughout. This is a great income property currently operating at a Cap rate of 5.4% and reliable occupied tenants with long term 12 month leases. Property is a short drive from a robust downtown area with shopping and theaters, Alamitos Beach, the historic Queen Mary, the convention center, colleges, golf courses and freeways. Please do not disturb tenants. Contact agent for showings. Thank you!
Location
State CA
County Los Angeles
Area 8 - Signal Hill
Zoning LBR2N
Rooms
Ensuite Laundry Electric Dryer Hookup, Gas Dryer Hookup, Laundry Closet
Interior
Laundry Location Electric Dryer Hookup,Gas Dryer Hookup,Laundry Closet
Heating Wall Furnace
Cooling None
Fireplaces Type None
Fireplace No
Laundry Electric Dryer Hookup, Gas Dryer Hookup, Laundry Closet
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Curbs, Gutter(s), Sidewalks
Total Parking Spaces 4
Private Pool No
Building
Lot Description 6-10 Units/Acre, Front Yard
Sewer Sewer Tap Paid
Water Public
New Construction No
Others
Senior Community No
Tax ID 7266003006
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 Cameron Samimi • Lyon Stahl Investment Real Estate, Inc.
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