Price improvement and priced to sell! A perfect downtown Long Beach investment property. Totally TURN KEY with 7 unique units located in the heart of a fast growing city and only 3 blocks to the beach. This property also falls within the PD-30 Plan for downtown and located in the height incentive area for future investors to build up! Each unit is metered separately for gas and electric, has its own tankless water heater AND has private laundry inside each unit. WOW! There are 4 large one bedroom one bath with a lovely balance of upgrades yet keeping the charm alive with exposed beams, hardwood floors and built-ins. Each unit also has their own outdoor balcony space. The 5th one bedroom one bath is a totally remodeled, very popular Air B&B that brings more income to this investment property. Upstairs is a gorgeous 3 bedroom 2 bath with gas fireplace and comes with 2 parking spaces. The last unit is an adorable studio apartment. There are 5 parking spaces on site and one separate garage space on the property. This property is at 100% capacity and tenants that do not park on site, have assigned parking directly across the street at the Gallery. A modern courtyard separates the two structures complete with lounge seating and eating area. This property has 3 security gates that allows for private entry. This investment property has it all. Close to THE PIKE, shoreline drive, the promenade and freeways. Great opportunity for a 10-31 exchange!!
DAYS ON MARKET
|
541
|
LAST UPDATED
|
7/28/2021
|
TRACT
|
Alamitos Beach (AB)
|
YEAR BUILT
|
1910
|
COMMUNITY
|
Downtown Area, Alamitos Beach
|
GARAGE SPACES
|
1.0
|
COUNTY
|
Los Angeles
|
STATUS
|
Sold
|
PROPERTY TYPE(S)
|
Residential Income
|
|
|
Prior to Mar 26, '20
|
$2,800,000
|
Mar 26, '20 - May 4, '20 |
$2,700,000
|
May 4, '20 - Jul 12, '20 |
$2,600,000
|
Jul 12, '20 - Oct 2, '20 |
$2,575,000
|
Oct 2, '20 - Dec 18, '20 |
$2,500,000
|
Dec 18, '20 - Today |
$2,400,000 |
AREA |
Downtown Area, Alamitos Beach |
GARAGE |
Assigned, Yes |
HOA DUES |
0 |
LOT |
7405 sq ft |
LOT DESCRIPTION |
0-1 Unit/Acre |
PARKING |
Assigned |
POOL DESCRIPTION |
None |
SEWER |
Public Sewer |
STORIES |
2 |
STYLE |
Craftsman |
SUBDIVISION |
Alamitos Beach (AB) |
WATER |
Public |
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Listed with Compass
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Based on information from California Regional Multiple Listing Service, Inc. as of 3/29/24 8:10 AM 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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