$1,350,000
$1,525,000
11.5%For more information regarding the value of a property, please contact us for a free consultation.
5,362 SqFt
SOLD DATE : 03/09/2015
Key Details
Sold Price $1,350,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,362 sqft
Price per Sqft $251
Subdivision Alamitos Beach (Ab)
MLS Listing ID PW14072439
Sold Date 03/09/15
Construction Status UpdatedRemodeled,Turnkey
HOA Y/N No
Year Built 1972
Tax Year 2013
Lot Size 6,534 Sqft
Acres 0.15
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
Rooms
Ensuite Laundry CommonArea
Interior
Laundry Location CommonArea
Heating FloorFurnace
Flooring Carpet
Fireplaces Type None
Fireplace No
Laundry CommonArea
Exterior
Garage Assigned
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Curbs, Gutters
Utilities Available SewerAvailable
Parking Type Assigned
Total Parking Spaces 12
Private Pool No
Building
Faces North
Story 2
Entry Level Two
Water Public
Level or Stories Two
Construction Status UpdatedRemodeled,Turnkey
Others
Senior Community No
Tax ID 7263005008
Acceptable Financing Cash, CashtoNewLoan, Submit
Listing Terms Cash, CashtoNewLoan, Submit
Financing Cash
Special Listing Condition Standard
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Bought with Julie Hughes • Keller Williams Pacific Estat
"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