$400,000 PRICE REDUCTION! ATTENTION INVESTORS and 1031 EXCHANGE BUYERS! POTENTIAL: Premium custom built with excellent floor plans, 12 units in the coastal city of Long Beach. Close to downtown, schools, memorial hospital, shopping and entertainment areas, close to Metro Line, 405 and 710 freeways. Building has over 10,000 sq ft of livable area over its 12 units. Here are 10 reasons why this can be the best investment in Long Beach!1. More than 56% rental increase potential giving 6.7% Cap Rate (absentee owners).2. Largest sq ft per unit in the area.3. Lowest price per sq ft on sold or listed similar properties.4. Fully secured and gated, with covered 19 car garage (3 uncovered spots).5. Beautifully large 12 units, with 9 units 2B/2Ba, 1 unit 2B/1B and only 2 units 1B/1Ba.6. On-site laundry.7. Most units maintained well & remodeled (see supplement for details).8. Custom built in 1987 and well maintained (not the 1930's and 40's).9. Covered balconies, with some having awesome city views.10. Extremely desirable and low vacancy rental area. Particularly because of secured and covered parking.Excellent 1031 Exchange property for investors who want to become an owner in this city, which currently has over $8B in development occurring. SUBJECT PROPERTY IS A 1031 EXCHANGE, NEW PROPERTIES ARE IDENTIFIED.
|
DAYS ON MARKET
|
266
|
LAST UPDATED
|
8/23/2023
|
|
TRACT
|
Wrigley Area (WR)
|
YEAR BUILT
|
1987
|
|
COMMUNITY
|
Wrigley Area
|
GARAGE SPACES
|
19.0
|
|
COUNTY
|
Los Angeles
|
STATUS
|
Sold
|
|
PROPERTY TYPE(S)
|
Residential Income
|
|
|
|
Prior to Mar 10, '23
|
$3,999,000
|
| Mar 10, '23 - Today |
$3,599,000 |
| AREA |
Wrigley Area |
| CONSTRUCTION |
Stucco, Wood Siding |
| GARAGE |
Yes |
| HOA DUES |
0 |
| LOT |
8150 sq ft |
| LOT DESCRIPTION |
11-15 Units/Acre |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| STYLE |
Contemporary |
| SUBDIVISION |
Wrigley Area (WR) |
| VIEW |
Yes |
| VIEW DESCRIPTION |
City Lights |
| WATER |
Public |
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Listed with Pridemark Group
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 4/23/24 6:50 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
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