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Key Details
Sold Price $1,265,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
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
Interior
Fireplace No
Laundry Washer Hookup, Gas Dryer Hookup
Exterior
Garage Spaces 3.0
Garage Description 3.0
Pool None
Community Features Curbs, Street Lights, Sidewalks
Utilities Available Sewer Available
Total Parking Spaces 9
Private Pool No
Building
Water Public
Others
Tax ID 7266018016
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Conventional
Special Listing Condition Standard
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Bought with Michael Gelfond • Bedford Properties
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