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Key Details
Sold Price $2,375,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 7,096 sqft
Price per Sqft $334
MLS Listing ID SB21081932
Sold Date 07/23/21
HOA Y/N No
Year Built 1987
Lot Size 6,534 Sqft
Acres 0.15
Property Description
About 1 mile away from the beautiful Alamitos beach! Rare rental income opportunity with great monthly cash flow. This 7,096 square foot condo features 16 beds and 16 bathrooms with 8 (2beds/2baths) units. All 8 units offers attractive 2beds & 2baths with a large patio. Seller has recently put $220K into remodeling of all units with brand new kitchen and bathroom. It offers security fence, building owned laundry machines(2 washers/2 dryers), and fenced parking garage. Close to Downtown Long Beach, which has seen major redevelopment in recent years.
Nearby schools include Lincoln Elementary School, True Social Justice Academy and Clear Passage Educational Center. The closest grocery stores are La Bodega Market, Amigo's Market and K H Market.Nearby restaurants include Chema's Place, Roma Pizza and New Pho. It is near Peace Park, MacArthur Park and McBride Park. Buyer to Verify all information provided.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Heating Wall Furnace
Cooling None
Fireplace No
Laundry Common Area
Exterior
Fence New Condition
Total Parking Spaces 8
Building
Lot Description 36-40 Units/Acre
Story 2
Water Public
Others
Tax ID 7274010035
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Financing Conventional
Special Listing Condition Standard
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Bought with David Harrington • Matthews Real Estate Investment Services
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