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$3,225,000
Est. payment /mo
6,499 Sqft Lot
UPDATED:
12/14/2024 11:11 PM
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID DW24247496
HOA Y/N No
Year Built 1961
Lot Size 6,499 Sqft
Property Description
Presenting a prime investment opportunity in the heart of Long Beach's vibrant Eastside neighborhood! This fully renovated 9-unit property, originally built in 1961 and beautifully updated in 2019, offers 6,706 sq ft of living space on a 6,534 sq ft lot. The complex features 2 one-bedroom/one-bath units and 7 two-bedroom/one-bath units, all meticulously renovated with modern wood-style flooring, quartz countertops, Shaker-style cabinetry, stainless steel appliances, and designer fixtures. Located just two blocks from the bustling Fourth Street/Retro Row, this property boasts excellent walkability and access to a diverse array of shops, restaurants, and entertainment. With a current NOI of $152,215 and a strong occupancy rate, this turnkey investment promises strong returns in a highly desirable location.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Zoning LBR2N
Interior
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 5.0
Garage Description 5.0
Pool None
Community Features Sidewalks
Total Parking Spaces 5
Private Pool No
Building
Lot Description Paved
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 7258029024
Energy Description 7145.0
Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, 1031 Exchange
Special Listing Condition Standard
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Listed by Martin Marquez • eXp Realty of California Inc. • 562-888-0488