The subject property is a 10-unit two-story walk-up style building, with 6,222 square feet. There are 8 one-bedroom/one-bath units plus 2 two-bedroom/one-bath units. All units have separate gas and electric meters. The building also contains 4 garages plus a coin-opearated on-site laundry both of which yield… Read More extra income. Great location close to middle school, shopping, public transit, close to downtown Long Beach and Beaches.This property always stays rented and is currently 100% occupied. This is an Investors dream, easy to rent and easy maintenance. Read Less
Property listed by Keller Williams OC Coastal Realty, Jeff Stearman 949-412-5333
Listing Snapshot
Days Online
36
Last Updated
Property Type
Apartment
Lot Size
0.15 Acres
Year Built
1953
MLS Number
OC24166043
Additional Details
Appliances & Equipment
FreeStandingRange, Refrigerator, WaterHeater
Building
Built in 1953, Building area total: 6,222, Levels: Two, 2 stories, 2 buildings, Architectural style: , Attached, Common walls: Item2CommonWalls
Community
Biking, Curbs, Gutters, Park, StreetLights, Sidewalks, Urban
Cooling
None
Expenses
Insurance expense: $4,400, Maintenance expense: $7,343, New taxes expense: $20,350, Operating expense: $46,826, Supplies expense: $125, Trash expense: $1, Water sewer expense: $1, Other expense: $6,815
Fireplaces
None
Garage
4 spaces
Heating
WallFurnace
Income
Gross income: $162,850, Net operating income: $116,024
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Confirm your time
Fill in your details and we will contact you to confirm a time.
