For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $960,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Signal Hill (Sh)
MLS Listing ID SB18002330
Sold Date 04/10/18
HOA Y/N No
Year Built 1964
Lot Size 6,534 Sqft
Acres 0.15
Property Description
Pride of Ownership asset in Signal Hill area of Long Beach, CA. This property contains all 2 bed/1 bath units and has 4 Garage Parking Spaces and 1-2 additional off-street parking spaces. Garage parking is a rarity and owning property in Long Beach with a garage is not only desirable, but can gain up to $150 per parking space in rents.
Most units are already renovated making this a turnkey asset for any buyer not needing much work. The two lowest rents are month to month and there is no rent control in Long Beach so you can raise the rents to market and get a 6.7% cap property in no time.
All offers subject to inspection. Buyer to verify all information.
Drive by only! Do not disturb tenants.
Location
State CA
County Los Angeles
Area 9 - Poly High
Zoning LBR2N
Rooms
Ensuite Laundry Common Area, In Garage
Interior
Laundry Location Common Area,In Garage
Fireplace No
Appliance Dryer
Laundry Common Area, In Garage
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Gutter(s)
Total Parking Spaces 4
Private Pool No
Building
Lot Description 2-5 Units/Acre, Back Yard, Front Yard
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 7210024034
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Financing Conventional
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 General NONMEMBER • CRMLS
GET MORE INFORMATION