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- MLS#PW20147640
- TypeIncome
- CountyLOS ANGELES
- CityLong Beach
- AreaEastside - Circle Area
- NeighborhoodEastside
- Zip90814
- Style
- Price$ 1,195,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size4,199 SqFt
Listing Provided Courtesy Of:
George Bustamante with Coldwell Banker Commercial.
Property Description
Located in the desirable Historic Rose Park district of Long Beach. This 4-unit 1920's apartment property is comprised of 2 buildings on a 4,401 sq ft lot. Building features four units tucked away with private gardens, patios, built-in cabinets with the 1920's charm, updated granite counter tops, tile floors and new paint. Tankless water heaters in two of the units as well as two garages. All the units are separately metered, and tenants pay their own utilities except water. Very rare to find such a beautiful 4-unit property in this condition. Property is very quiet and on a very nice street near Rose Park. The property is located within walking distance of the vibrant Retro Row retail/restaurant area of Long Beach and the fast-developing East Village Arts District, which is close to downtown. With a current 4.78% Cap Rate, this is perfect investment for owner occupant that wants a home and rental income or for an investor who wants a low maintenance rental with excellent long-term tenants, good cash flow and upside in the rent.
Price History | |
---|---|
7/25/2020 | Listed $1,250,000 |
10/12/2020 | 5% - $1,199,000 |
12/15/2020 | 1% - $1,195,000 |
General Features
Appliances | Gas Oven, Gas Range |
---|---|
Attached Structure | Attached |
Co-Listing Agent Last Name | Vessell |
Co-Listing Agent Last Name | Christa |
Co-Listing Agent State License # | 02058824 |
Co-listing Agent | Christa Vessell - BRE#02058824 |
Community Features | Curbs, Storm Drains, Street Lights, Urban |
Cooling | None |
Directions | South of 7th St and east of Cherry |
Flooring | Carpet, Tile, Wood |
Garage Spaces | 2.00 |
Heating | Wall Furnace |
Listagentaor | Pacific West |
Listing Agent | George Bustamante - BRE#01484265 |
Listing Agent State License | 01484265 |
MLS Area | 3 - Eastside, Circle Area |
Pool Features | None |
Property Attached Y/N | Yes |
PropertyCondition | Repairs Cosmetic |
Roof | Asphalt, Flat, Shingle |
Sewer | Public Sewer |
Source System | CRMLS |
Special Listing Conditions | Standard |
Subdivision Name | Eastside (ES) |
Subdivision Name | Eastside (ES) |
Total Units | 4 |
Utilities | Electricity Connected, Natural Gas Connected |
Zoning | LBCNR |
Interior Features
1st Bedroom Area Unit Type | Square Feet |
---|---|
2nd Bedroom Area Unit Type | Square Feet |
3rd Bedroom Area Unit Type | Square Feet |
Appliances Y/N | Yes |
Common Walls | 1 Common Wall |
Fireplace Features | None |
Heating Y/N | Yes |
Laundry Features | Community |
Laundry Y/N | Yes |
Studio Area Unit Type | Square Feet |
Exterior Features
Building Area Total | 0.00 |
---|---|
Foundation Details | Raised |
Lot Features | Level, Yard |
Lot Size Acres | 0.0964 |
Lot Size Area | 4201.0000 |
Lot Size Source | Assessor |
Lot Size Square Feet | 4201.00 |
Lot Size Units | Square Feet |
Number of Buildings | 2 |
Number of Separate Electric Meters | 4 |
Number of Separate Gas Meters | 4 |
Number of Separate Water Meters | 1 |
Numberofrentedgarages | 2 |
Total Parking | 2.00 |
Water Source | Public |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Master On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool