$1,350,000
$1,399,000
3.5%For more information regarding the value of a property, please contact us for a free consultation.
5,749 Sqft Lot
SOLD DATE : 02/16/2023
Key Details
Sold Price $1,350,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Downtown (Dt)
MLS Listing ID PW22185548
Sold Date 02/16/23
Construction Status Turnkey
HOA Y/N No
Year Built 1909
Lot Size 5,749 Sqft
Property Description
What an absolutely fantastic mixed use property on 2 separate lots!! There are 2 large commercial units in the front building with a gorgeous remodeled 3 bedroom 1 bath unit above offering a new kitchen, inside laundry and private balcony off of the primary bedroom. All 3 bedrooms are huge and there is loads of storage. The second building is a duplex with a fully remodeled 1 bedroom, 1 bath on the lower level that has huge rooms and even private inside laundry! There is a spacious 2 bedroom on the second level, also fully remodeled and offers 2 balconies! There is off-street parking for multiple cars behind the gated driveway. The current owner has remodeled all of the residential units to include, new flooring, paint, light fixtures, doors, kitchens, updated bathrooms and all stoves & refrigerators. The commercial units are in wonderful shape occupied by a hair salon and a dog grooming salon. Now, possibly the best part. The current owner has preliminary approval from the City of Long Beach to build 20 micro units! Architectural plans, structural plans, and other related plans have been completed at a cost of roughly $100K. These plans will be given to the new buyer so they can jump start the process right at the finish line! The new buyer could keep this property in it's current state with wonderful tenants or invest in a new larger complex! The Owner has his eye on another larger property and will look at all offers on this one! This is the deal you've been looking for with endless development possibilities!!
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Zoning LBPD29
Interior
Interior Features Balcony, Ceiling Fan(s)
Heating Wall Furnace
Flooring Carpet, Laminate
Fireplace No
Appliance Gas Oven, Refrigerator
Laundry Common Area, Inside
Exterior
Parking Features Driveway, Gated, Paved
Fence Wood
Pool None
Community Features Biking, Street Lights
Utilities Available Cable Connected, Sewer Connected, Water Connected
View Y/N Yes
View City Lights
Roof Type Flat
Total Parking Spaces 4
Private Pool No
Building
Lot Description Near Public Transit
Story Two
Entry Level Two
Foundation Brick/Mortar
Sewer Private Sewer
Water Public
Level or Stories Two
New Construction No
Construction Status Turnkey
Others
Senior Community No
Tax ID 7273007037
Security Features Security Lights
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Financing Conventional
Special Listing Condition Standard
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Bought with Jeffrey DeLancy • Realty ONE Group Pacific
"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