Fantastic Investment Opportunity! Located in the trendy and hip Retro Row neighborhood of Long Beach! 4) very spacious 1 bedroom units with classic art deco features, including classic mock-fireplaces in all of the livingrooms. Lovely archways between the Living and Dining rooms. Hardwood flooring custom built-ins and high ceilings, Plus… Read More extra closet space. The kitchens have gorgeous art deco tile back splashes and some with granite counters and breakfast nooks. The baths have custom 20's style flooring. All 4 of these units come with their own private garage. The back building has 2) 1 bedroom units over the 4 garages, also with classic art deco features, built-ins and hardwood floors. There is a very large outdoor lawn with a patio between the two buildings, which creates a great community outdoor space for the occupants. All interior photos were previously taken by the owners of the property. Mostly long term tenants so there is definately an upside to the rental income. Just 4 blocks to the beach, and walking distance to award winning restaurants, amazing boutiques, art galleries and antique shops. The seller will entertain carrying the First Trust Deed! Read Less
Property listed by Re/Max R. E. Specialists, Cynthia Voss 562-884-3930
Listing Snapshot
Days Online
257
Last Updated
Property Type
Apartment
Lot Size
0.15 Acres
Year Built
1929
MLS Number
PW24002716
Additional Details
Building
Built in 1929, Building area total: 5,300, 2 buildings, Architectural style: , Attached, Common walls: Item2CommonWalls
Community
Biking, Sidewalks, Urban
Cooling
None
Expenses
Electric expense: $500, Fuel expense: $400, Gardener expense: $4,200, Insurance expense: $7,785, Licenses expense: $889, Maintenance expense: $9,007, New taxes expense: $19,800, Operating expense: $26,757, Supplies expense: $3,060, Trash expense: $300, Water sewer expense: $316, Other expense: $300
Fireplaces
LivingRoom, SeeRemarks
Floors
Carpet, Tile, Vinyl, Wood
Garage
4 spaces
Heating
WallFurnace
Income
Gross income: $130,380, Net operating income: $108,723
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.
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