Located in the heart of Long Beach, this multi-unit apartment building offers a prime investment opportunity for those looking to capitalize on the city's growing real estate market. The building features a mix of one and two bedroom units, providing a diverse tenant base and consistent rental income potential. In… Read More addition, there's a possibilitiy to build add-on units in the empty lot. Its proximity to public transportation, shopping centers, and local amenities makes it an attractive option for renters. With steady demand for affordable housing in the area, this property promises significant appreciation and potential for renovations that can further increase its value over time. Read Less
Property listed by Koinos Real Estate Group, Ivette Reese 714-815-4000
Listing Snapshot
Days Online
126
Last Updated
Property Type
Apartment
Lot Size
0.11 Acres
Year Built
1957
MLS Number
PW24187680
Additional Details
Building
Built in 1957, Building area total: 2,400, 1 building, Architectural style: , Attached, Common walls: TwoCommonWallsOrMore
Community
Curbs
Expenses
Electric expense: $320, Gardener expense: $480, Insurance expense: $2,000, Licenses expense: $450, Maintenance expense: $1,800, New taxes expense: $12,600, Operating expense: $19,130, Water sewer expense: $1,000, Other expense: $1,800
Garage
1 space
Income
Gross income: $61,800, Net operating income: $42,670
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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