Four unit apartment community on large lot in Eastside area of Long Beach with 5 parking spaces. The property is priced at just $247,500 per unit which is 15 X gross and a cap rate of 4.3. Front units were built in 1925 comprised of (2) 2 bedroom 1 bath units. Back units were built in 1960 and comprised of (2) 1 bedroom 1 bath each. Each unit has a private storage shed at rear of property.
Listed By CRMLS_CA / Patti Martin / Pelican Properties
Last checked:
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Last updated Apr 4, 2024
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MLS# PW19119467 —
The Building
Year Built:
1925
Year Built Source:
Assessor
New Construction:
No
Architectural Style:
Spanish
Exterior Features:
Awning(s)
Foundation:
Raised, Slab
Common Walls:
1 Common Wall
Building Area Total:
2444.00
Building Area Units:
Square Feet
# of Buildings:
1
Total Number Of Units:
4
# of Separate Gas Meters:
4
# of Separate Water Meters:
1
# of Separate Electric Meters:
4
Interior
Levels:
One
Window Features:
Screens
Fireplace:
Yes
Fireplace:
Bath
Laundry:
None
Location
Directions:
between Redondo and Xiemino
Latitude:
33.78603200
Longitude:
-118.15071800
The Property
Property Condition:
Building Permit
Zoning:
LBR2N
Lot Features:
Level with Street, Lot 6500-9999, Sprinklers In Front
GreatSchools scores are based on a scale from 1 to 10, where 10 is above average. The school service areas are not definitive and should only be used as guidance.
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
Date
Event
Source
Price
% Change
1/25/17
Jan 25, 2017
CRMLS_CA
$830,000
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Multifamily
Sold
on 7/12/2019
$1,000,000
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Listing provided by broker:
Patti Martin
Pelican Properties
Listing Agents and Buyer’s Agents represent the two sides of a real estate transaction. As a Seller of a home, your Listing Agent represents your interests and will advise, consult and follow your instructions to sell your property at the best possible price and terms.
If you’re a Buyer, a Buyer’s Agent advises you throughout the transaction, helping you get the best deal and advocating for you. The Buyer’s Agent commission is also paid by the Seller, so the Buyer never sees a bill for their service.
Many first time Buyers believe they can work without a Buyer’s Agent and instead use the same agent as the Seller. When both Buyer and Seller use the same agent, known as “dual agency”, it can sometimes save on fees, but it also puts the agent in a conflict of interest, not fully representing either party.
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Listing Courtesy of: CRMLS_CA and Pelican Properties.
Based on information from California Regional Multiple Listing Service, Inc. as of 06:36 on Apr 26.
This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.
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Last updated Apr 4, 2024
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