PRICE JUST REDUCED!! This 10-Unit Apartment Building is a Great Investment for an Investor. Located in the South Wrigley Area with a Market Cap Rate of 7.0%. The Property has been Well-Maintained, with a Great Upside Potential on the Future Rental Income!! This Property Offers (3) 2 Bedrooms -1 Bathroom, (6) 1 Bedrooms - 1 Bathroom and (1) Bonus Room/Studio -1 Bathroom. Four of the Units have been Recently Remodeled, and the Exterior was Recently Painted. The Property also has (4) Single Car Garages that can be a Great Opportunity to convert into ADU'S for Additional Income, and it has (4) Parking Spaces for Extra Income. The Owner just recently Installed a Newer Roof. All Units are Separately Metered for Gas and Electric. This 10-Unit Apartment Building is Located in a High Demand Rental Area!! This Apartment Building in Conveniently Located Close to Shopping, Restaurants, Entertainment, Metro Link, Long Beach Airport Downtown LB, Civic Center, Long Beach Aquarium, Downtown Village, CSULB and Queen Mary Island.
|
DAYS ON MARKET
|
66
|
LAST UPDATED
|
12/18/2024
|
|
TRACT
|
Wrigley Area (WR)
|
YEAR BUILT
|
1948
|
|
COMMUNITY
|
Wrigley Area
|
GARAGE SPACES
|
4.0
|
|
COUNTY
|
Los Angeles
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STATUS
|
Active
|
|
PROPERTY TYPE(S)
|
Residential Income
|
|
|
|
Prior to Dec 18, '24
|
$2,500,000
|
| Dec 18, '24 - Today |
$2,380,000 |
| AIR |
None |
| APPLIANCES |
Water Heater |
| AREA |
Wrigley Area |
| CONSTRUCTION |
Stucco |
| GARAGE |
Door-Single, Garage, Garage Faces Rear, Off Street, On Site, Yes |
| HEAT |
Wall Furnace |
| HOA DUES |
0 |
| INTERIOR |
Multiple Staircases |
| LOT |
6623 sq ft |
| LOT DESCRIPTION |
6-10 Units/Acre |
| PARKING |
Door-Single,Garage,On Site,Off Street,Garage Faces Rear |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| STORIES |
2 |
| STYLE |
Contemporary |
| SUBDIVISION |
Wrigley Area (WR) |
| UTILITIES |
Cable Connected,Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected, Electric: 220 Volts |
| WATER |
Public |
| ZONING |
LBR2N |
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Listed with Amberwood Real Estate, 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 12/21/24 10:56 PM PST 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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