$1,350,000
$1,525,000
11.5%For more information regarding the value of a property, please contact us for a free consultation.
6,534 Sqft Lot
SOLD DATE : 03/09/2015
Key Details
Sold Price $1,350,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Alamitos Beach (Ab)
MLS Listing ID PW14072439
Sold Date 03/09/15
Construction Status Updated/Remodeled,Turnkey
HOA Y/N No
Year Built 1972
Tax Year 2013
Lot Size 6,534 Sqft
Property Description
AMAZING LOCATION!!! Alamitos Beach/Carroll Park! 1972 construction building with no deferred maintenance. Perfect unit mix: 1 - 3 bedroom/2 bath, 1- 2 bedroom/2 bath, 6 - 1 bedroom/1 bath. Building runs smoothly w/long term tenants. Vacancies are rare. DEFINITE Upside in Rents - no rent control in Long Beach! Separately metered for electric and units have individual hot water heaters (to keep expenses low). 4 garages and 8 parking spaces. Laundry room w/ seller's own machines. This building would be perfect to add to your investment portfolio! Income Actual, Expenses are Estimated. Proforma info: Market rent on 1 Bedrooms = $1095. Market rent on 2 Bedroom/ 2 Bath = $1350. Market rent on 3 Bedroom/ 2 Bath = $1500. Proforma rent = $9745/mo - $116,940/yr. Proforma Cap = 5.76% - GRM = 13.04
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Interior
Heating Floor Furnace
Flooring Carpet
Fireplaces Type None
Fireplace No
Laundry Common Area
Exterior
Parking Features Assigned
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Curbs, Gutter(s)
Utilities Available Sewer Available
Total Parking Spaces 12
Private Pool No
Building
Faces North
Story 2
Entry Level Two
Water Public
Level or Stories Two
Construction Status Updated/Remodeled,Turnkey
Others
Senior Community No
Tax ID 7263005008
Acceptable Financing Cash, Cash to New Loan, Submit
Listing Terms Cash, Cash to New Loan, Submit
Financing Cash
Special Listing Condition Standard
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Bought with Julie Hughes • Keller Williams Pacific Estat