Long Beach, CA 90806,2165 Earl AVE
Long Beach, CA 90806,2165 Earl AVE
Long Beach, CA 90806,2165 Earl AVE
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$1,380,000

$1,375,000

0.4%
Est.Price: ?

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Est. payment /mo

8 Beds

4 Baths

3,769 SqFt


SOLD DATE : 10/16/2024

Key Details

Sold Price $1,380,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 3,769 sqft

Price per Sqft $366

MLS Listing ID 24423989

Sold Date 10/16/24

Bedrooms 8

HOA Y/N No

Year Built 1929

Lot Size 6,272 Sqft

Property Description

Great investor opportunity to acquire a well maintained 4 unit building located in the high demand South Wrigley Sub-Market of Long Beach. The building is a cash machine, has a 6.9% in place cap rate, a 7.2%+ ProForma Cap Rate, and is 100% leased. It contains (3) spacious 2 Bedroom / 1 Bathroom Units, and (1) very spacious 3 Bedroom / 1 Bathroom Unit. The building also has a detached garage complex containing (3) one car garages that can be used as storage if needed and fit one vehicle parked behind. Three of the apartment have been remodeled within the last two years and the one remaining non-remodeled unit gives the new owner and opportunity to remodel, add value, and bring up to market rent. The property is located in close proximity to schools, banks, shopping centers, public transit, and easy freeway access. It is within walking distance of Long Beach Poly High, and only 2.1 miles from Downtown Long Beach. The area boats strong rental demand and all vacancies have been easily filled at market rent with multiple applicants coming forth.

Location

State CA

County Los Angeles

Area 5 - Wrigley Area

Zoning LBR2N

Interior

Interior Features Ceiling Fan(s)

Heating Wall Furnace

Cooling Electric, Wall/Window Unit(s)

Fireplace No

Appliance Dishwasher, Disposal, Microwave

Laundry Common Area, Laundry Room, Outside

Exterior

Parking Features Garage, Private, Tandem

Pool None

Porch None

Attached Garage No

Total Parking Spaces 8

Private Pool No

Building

Story 2

Entry Level Multi/Split

Foundation Raised

Water Public

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 7205030011

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by KC James Dorame • Allure Capital Management Corp
Bought with Jimmy Thach • Seal Real Estate
agent-avatar

+1(619) 519-2303

steve@stevelucal.com

PO Box 181892, Coronado, California, 92178, United States

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