Long Beach, CA 90803,2053 E Appleton ST
$1,255,000
Est. payment /mo
Est.Price: ?

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8,189 Sqft Lot
SOLD DATE : 12/03/2012

Key Details

Sold Price $1,255,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Belmont Heights (Bh)

MLS Listing ID PW12127016

Year Built 1978

Tax Year 2011

Lot Size 8,189 Sqft

Property Description

Unique opportunity to own a TURNKEY SINGLE-TENANT bldg, yielding nearly 6% CAP, with minimal management requirements! ZERO VACANCY FOR THE PAST 10 YEARS! Also a great investment for absentee owners. High quality tenant has their own management team in place, and pays ALL utilities, landscaping, and some maintenance. Annual rental increases available. EXCELLENT RENTAL AREA, blocks to the beach, close to downtown business area, shopping, restaurants, schools & public transportation. 1978 construction, new (partial) roof & exterior paint in 2011. All unit interiors are well maintained with newer tile, carpet or wood vinyl plank flooring & new paint. Central laundry room (tenant owned laundry equipment). 6 garages with 2 covered spaces. Gated access to building & beautifully landscaped courtyard.

Location

State CA

County Los Angeles

Area 2 - Belmont Heights, Alamitos Heights

Interior

Heating Radiant

Cooling None

Laundry Laundry Room

Exterior

Parking Features Assigned

Garage Spaces 6.0

Garage Description 6.0

Community Features Street Lights, Sidewalks

Utilities Available Sewer Connected

Building

Lot Description Near Public Transit

Story 2

Sewer Sewer Tap Paid

Water Public

Others

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California Regional MLS (CRMLS)
Listed by Jim Italiano • Coldwell Banker Coast Alliance
Bought with Tim Smith • Coldwell Banker Previews Inte

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Paul Ward

+1(805) 479-5004

Broker Associate | License ID: 01354001

Broker Associate License ID: 01354001

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