***Just reduced by $220,000***6.8% Cap Rate***SIX unit building just north of Downtown Long Beach. Property consists of a 4 bed 2 bath Craftsman single family home in front, and a rear building with 5 additional units (TWO 2bed 1 bath units, TWO 1 bed 1 bath units, and ONE non-conforming 2 bed 1 bath basement apartment). Amenities include on-site parking, on-site laundry for extra income, and an upstairs observation deck with 360-degree views of the San Gabriel Mountains, the Downtown skyline, and Palos Verdes Peninsula. All tenants are long-term multiple-year occupants on month-to-month rental contracts. These extremely well-performing units are all month to month with wonderful long-term tenants, a 6.8% Cap rate and tons of growth potential!
|
DAYS ON MARKET
|
212
|
LAST UPDATED
|
4/2/2024
|
|
TRACT
|
,Other
|
YEAR BUILT
|
1915
|
|
COMMUNITY
|
Downtown Area, Alamitos Beach
|
COUNTY
|
Los Angeles
|
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Residential Income
|
|
Prior to Apr 2, '24
|
$1,495,000
|
| Apr 2, '24 - Today |
$1,275,000 |
| AIR |
None |
| AREA |
Downtown Area, Alamitos Beach |
| BUYER'S BROKERAGE COMPENSATION |
2.250 % |
| FIREPLACE |
Yes |
| GARAGE |
Concrete, Driveway, On Site, Private |
| INTERIOR |
Ceiling Fan(s) |
| LOT |
7451 sq ft |
| LOT DESCRIPTION |
Back Yard, Front Yard, Level |
| PARKING |
Concrete,Driveway,On Site,Private |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer,Sewer Tap Paid |
| STORIES |
2 |
| STYLE |
Craftsman |
| SUBDIVISION |
,Other |
| UTILITIES |
Cable Available,Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected |
| VIEW |
Yes |
| VIEW DESCRIPTION |
City Lights |
| WATER |
Public |
| ZONING |
LBPD10 |
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Listed with Coldwell Banker Realty
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 5/1/24 10:09 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2024.
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