THE LARGEST UNIT IS GOING VACANT. THE PROPERTY CAN BE DELIVERED WITH THE BEST UNIT AND GARAGE AVAILBLE FOR OWNERS USE. New price gives you a 17.61 GRM and 4.8 CAP in an A+ seaside neighborhood. We are pleased to present a 4-unit multifamily property. Built in 1948, the subject property consists of 2,538 rentable square-feet situated on a 3,150 square-foot lot. The building consists of four 1-bedroom / 1-bathroom remodeled units. It offers a one car garage providing a shared coin operated laundry facility for all tenants and parking for one unit. Additional car parking is found in front of the garage with motorcycle/scooter parking being utilized on the side. Tenants enjoy living in the very walkable Belmont Shore neighborhood between 2nd street and the pacific ocean. Just a short distance to local beaches, California State University of Long Beach, as well as shopping, restaurants, and nightlife. The city of Long Beach continues to progress forward and is currently experiencing major redevelopment. The Long Beach port is undergoing $4.4 billion in future redevelopment that will create 14,000 new and permanent jobs in Southern California. The city is undergoing a building boom with more than $5 billion in private and public investments in various stages of development. The new $520 million Long Beach Civic Center development will house a new City Hall, Port of Long Beach headquarters and the Main Library. Long Beach sustains its ability to attract renters due to its strong economy and quality of life. This trophy property has been owned and lovingly maintained by the same family for 48 years. The exterior of the building was recently painted and new landscape installed. The quality of this investment will be of high value to an experienced investor. Please be sure to review all the media including the virtual tours and detailed floor plans for each unit.
|
DAYS ON MARKET
|
140
|
LAST UPDATED
|
2/15/2023
|
|
TRACT
|
Belmont Shore (BSD)
|
YEAR BUILT
|
1948
|
|
COMMUNITY
|
Belmont Shore/Park,Naples,Marina Pac,Bay Hrbr
|
GARAGE SPACES
|
1.0
|
|
COUNTY
|
Los Angeles
|
STATUS
|
Sold
|
|
PROPERTY TYPE(S)
|
Residential Income
|
|
|
|
Prior to Oct 31, '22
|
$2,099,000
|
|
Oct 31, '22 - Nov 7, '22 |
$1,995,000
|
|
Nov 7, '22 - Dec 9, '22 |
$1,950,000
|
| Dec 9, '22 - Today |
$1,800,000 |
| AIR |
None |
| APPLIANCES |
Dishwasher, Gas Range, Microwave |
| AREA |
Belmont Shore/Park,Naples,Marina Pac,Bay Hrbr |
| CONSTRUCTION |
Stucco |
| GARAGE |
Driveway, Garage Faces Rear, Yes |
| HEAT |
Wall Furnace |
| HOA DUES |
0 |
| INTERIOR |
Ceiling Fan(s), Granite Counters |
| LOT |
3150 sq ft |
| LOT DESCRIPTION |
Front Yard, Lawn, Sprinkler System, Sprinklers Timer |
| PARKING |
Driveway,Garage Faces Rear |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| STORIES |
2 |
| STYLE |
Mid-Century Modern |
| SUBDIVISION |
Belmont Shore (BSD) |
| UTILITIES |
Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected, Electric: Standard |
| WATER |
Public |
| WATERFRONT |
Yes |
| WATERFRONT DESCRIPTION |
Beach Access,Ocean Access |
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Listed with Beach Cities Properties, Inc.
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 4/19/24 4:03 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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