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Key Details
Sold Price $1,260,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,144 sqft
Price per Sqft $205
Subdivision Alamitos Beach (Ab)
MLS Listing ID OC14091934
Sold Date 09/11/14
HOA Y/N No
Year Built 1963
Tax Year 2013
Lot Size 6,359 Sqft
Property Description
Great Alamitos Beach location across the street from Franklin Classical Middle School. Large all 2 bedroom/1bathroom open floor plan units with ample storage in spacious hallway. Dining area off kitchen. All 8 units offer definite upside on rents under new management.
Low vacancy rate w/current owner. No deferred maintenance. No rent control in Long Beach.No CO2 detector required - all electric building, separately metered for electricity, paid by tenants.
2 2-car garages are currently not rented, as owner occupied.
Garages are at the premium in this prime rental location in Long Beach just 6 blocks from the Beach. They can significantly increase return on the investment once rented. Large Laundry room with Laundry hook-ups, used currently as owner's storage, offer additional income.
Another large storage room at the back of the building is available for storage for on-site manager.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Interior
Fireplace No
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Curbs
Utilities Available Sewer Available
Total Parking Spaces 8
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story Two
Entry Level Two
Water Public
Level or Stories Two
Others
Tax ID 7266006024
Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange, Submit
Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange, Submit
Financing Conventional
Special Listing Condition Standard
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Bought with Anthony Walker • Buckingham Investments, Inc.
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