$1,560,000
$1,600,000
2.5%For more information regarding the value of a property, please contact us for a free consultation.
7,426 Sqft Lot
SOLD DATE : 10/04/2021
Key Details
Sold Price $1,560,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Alamitos Beach (Ab)
MLS Listing ID SB21150101
Sold Date 10/04/21
HOA Y/N No
Year Built 1967
Lot Size 7,426 Sqft
Property Description
We are pleased to present this 4-unit in North Alamitos Beach, blocks from Long Beach’s Retro Row! Priced at a 4.1% CAP rate at $1,600,000 this property boasts an impressive mix of (1) 3bd/2ba, (1) 2bd/1ba, and (2) 2bd/1.5ba large townhome style units. Settled on a 7,428 sqft lot, there is a detached 5 spot parking garage for additional income or potential to add an ADU with room still available for surface parking. There is also a laundry room for additional income. Pride in ownership is shown with multiple capital improvements completed - including roof, termite repair and paint. This building is all electric and has low operating expenditures for the new owner. Don’t miss out on this amazing investment opportunity!
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Zoning LBR3T
Interior
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 5.0
Garage Description 5.0
Fence Good Condition
Pool None
Community Features Urban
View Y/N No
View None
Roof Type Common Roof
Accessibility Parking
Total Parking Spaces 5
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 2
Entry Level Two
Sewer Unknown
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7266017028
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Financing Cash
Special Listing Condition Standard
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Bought with REY CAMARENA • ACTIVE REALTY