$2,170,000
$2,400,000
9.6%For more information regarding the value of a property, please contact us for a free consultation.
7,840 Sqft Lot
SOLD DATE : 08/19/2019
Key Details
Sold Price $2,170,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Park Estates (Pe)
MLS Listing ID PW19117827
Sold Date 08/19/19
HOA Y/N No
Year Built 1955
Lot Size 7,840 Sqft
Acres 0.18
Property Description
The subject property has a unit mix of (4) 1-bedroom / 1-bathroom units, (2) 2-bedroom / 1-bathroom units and (1) 2-bedroom / 2-bathroom unit. The building was built in 1955 and has 5 single car garages with access from the alley. The building consists of 6,974 rentable square feet and sits on a 7,697 square foot lot.
This property has great potential to add value and raise rents. Investors benefit from the high demand for rentals in this coastal city of Southern California. Tenants enjoy living a short distance to local beaches, transportation, California State University of Long Beach, as well as shopping, restaurants and nightlife in Downtown Long Beach and Belmont Shore.
Location
State CA
County Los Angeles
Area 36 - Park Estates
Zoning LBR4R
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 5.0
Garage Description 5.0
Pool None
Community Features Curbs, Sidewalks
Total Parking Spaces 5
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story 2
Sewer Septic Type Unknown, Unknown
Water Public
New Construction No
Others
Senior Community No
Tax ID 7240013002
Energy Description 735.0
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Financing Cash to New Loan
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with General NONMEMBER • CRMLS
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
Scott Greenspan
Broker Owner