4480 Orange Ave. AVE #6, Long Beach, CA 90807

$1,850,000

Est. payment -/mo

Est.Price: ?

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8,272 Sqft Lot

SOLD DATE : 06/28/2018

Key Details

Sold Price $1,850,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Bixby Knolls (Bk)

MLS Listing ID SB18065575

Year Built 1947

Lot Size 8,272 Sqft

Property Description

Trophy 8-unit apartment building located in the Bixby Knolls neighborhood of Long Beach. This beautifully maintained property has a unit mix consisting of eight (8) 1-bed/1-bath units combining for a total living space of 5,249 SF. Situated on an 8,270 SF lot, this 8-unit complex features a Koi Pond, four (4) garage/carport parking spaces, and recently renovated units. Currently operating at a 4.00% CAP Rate and 14.89 GRM, this is an ideal investment for any investor looking to add a great cash-flowing property to their portfolio.

Location

State CA

County Los Angeles

Area 6 - Bixby, Bixby Knolls, Los Cerritos

Zoning LBR3S

Interior

Laundry Laundry Room

Exterior

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Curbs, Gutter(s), Storm Drain(s), Street Lights, Sidewalks

Building

Lot Description Front Yard, Garden, Lawn, Landscaped, Yard

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

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Paul Ward

paul@homeandranchteam.com +1(805) 479-5004

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Listed by J.Woody Stahl • Lyon Stahl Investment Real Estate, Inc.
Bought with Vincent Cook • Buckingham Investments, Inc

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Paul Ward

+1(805) 479-5004

Broker Associate | License ID: 01354001

Broker Associate License ID: 01354001

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