PRICE $1,385,000 dsIDX morgage calculator
BEDS n/a
BATHS 0
HOME SIZE 4,666 sqft
LOT SIZE 5,324 sqft

We are proud to offer a 5-unit apartment building in the Wrigley Area of Long Beach California. The subject property is located at 2325 Earl Avenue, just two blocks East of Pacific Avenue. and three blocks South of Willow Avenue. Located within close proximity to numerous forms of public transportation, a strong Walk Score of 86 indicating most errands can be accomplished by foot. This unit mix consists all two bedrooms/ one-bathroom units that offer a range of floor plans and square footages. Built in 1964, this property is a two-story garden style building with four enclosed garages in the rear. With approximately 4,666 rentable square feet, and a lot size of 5,325 sq. ft. the property is individually metered for gas and electricity. The income on the property has been very consistent with a sub 3% vacancy rate and very little to no turnover over the past 24 months. Rents have been averaging $1.84 sq.ft. over the past year, but with some interior improvements, and an upcoming vacancy, the rents can be over elevated to over $2 sq.ft. in today’s rental market. With rents 15% below market, an investor looking to “add value” could dramatically improve their cash flow by upgrading the units, bumping rents up to market rate, activating the garages for additional income and thus making this acquisition a valuable addition to any investor’s portfolio.

DAYS ON MARKET 226 LAST UPDATED 10/8/2021
TRACT Wrigley Area (WR) YEAR BUILT 1964
COMMUNITY Wrigley Area GARAGE SPACES 4.0
COUNTY Los Angeles STATUS Sold
PROPERTY TYPE(S) Residential Income

PRICE HISTORY
Prior to May 5, '21 $1,475,000
May 5, '21 - Today $1,410,000


ADDITIONAL DETAILS
AIR None
APPLIANCES Disposal, Gas Oven, Gas Range, Refrigerator
AREA Wrigley Area
CONSTRUCTION Stucco
FIREPLACE Yes
GARAGE Assigned, Yes
HEAT Wall Furnace
HOA DUES 0
INTERIOR Balcony
LOT 5325 sq ft
LOT DESCRIPTION 2-5 Units/Acre
PARKING Assigned
POOL DESCRIPTION None
SEWER Public Sewer
STORIES 2
SUBDIVISION Wrigley Area (WR)
UTILITIES Cable Available,Electricity Available,Natural Gas Available,Phone Available,Sewer Connected,Water Connected
WATER Public
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

0
P
I
*Estimate only

SATELLITE VIEW



 
CONTACT US ABOUT 2325 N EARL AVENUE
We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Michael Stark to contact you even if your name is on a Federal or State "Do not call List".

Listed with Justin White

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 3/19/24 3:07 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

This IDX solution is (c) Diverse Solutions 2024.