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Key Details
Sold Price $1,260,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Alamitos Beach (Ab)
MLS Listing ID OC14091934
Year Built 1963
Tax Year 2013
Lot Size 6,359 Sqft
Property Description
Great Alamitos Beach location across the street from Franklin Classical Middle School. Large all 2 bedroom/1bathroom open floor plan units with ample storage in spacious hallway. Dining area off kitchen. All 8 units offer definite upside on rents under new management.
Low vacancy rate w/current owner. No deferred maintenance. No rent control in Long Beach.No CO2 detector required - all electric building, separately metered for electricity, paid by tenants.
2 2-car garages are currently not rented, as owner occupied.
Garages are at the premium in this prime rental location in Long Beach just 6 blocks from the Beach. They can significantly increase return on the investment once rented. Large Laundry room with Laundry hook-ups, used currently as owner's storage, offer additional income.
Another large storage room at the back of the building is available for storage for on-site manager.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Curbs
Utilities Available Sewer Available
Building
Lot Description 0-1 Unit/Acre
Story Two
Water Public
Others
Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange, Submit
Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange, Submit
Special Listing Condition Standard
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Bought with Anthony Walker • Buckingham Investments, Inc.
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Paul Ward
Broker Associate | License ID: 01354001
Broker Associate License ID: 01354001
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