Introducing an exceptional investment opportunity in Long Beach, CA. This impressive property boasts a 9,358 SF building with 10 well-appointed units offering a mix of 1, 2 & 3-bedroom layouts, appealing to a range of tenants. Built in 1963, the property features newer windows, electrical panels, and railings, enhancing its… Read More appeal to savvy investors. With a price of $245.24 and $229,500 per unit, this offering presents an attractive value proposition. Additionally, the property promises a lucrative added value opportunity, with a projected ±85% in rental upside, making it an enticing option for long-term ownership. The motivated sellers further enhance the appeal of this promising investment prospect. Read Less
Property listed by Morgan Skenderian, Rick Applebaum [email protected]
Listing Snapshot
Days Online
195
Last Updated
Property Type
Apartment
Lot Size
0.17 Acres
Year Built
1963
MLS Number
PW24222928
Additional Details
Building
Built in 1963, Building area total: 9,358, Levels: Two, 2 stories, 1 building, Common walls: NoCommonWalls
Community
Curbs, Gutters, Sidewalks
Expenses
Electric expense: $2,653, Fuel expense: $2,653, Gardener expense: $1,877, Insurance expense: $8,655, Maintenance expense: $8,390, New taxes expense: $30,594, Operating expense: $61,130, Trash expense: $2,653, Water sewer expense: $2,653, Other expense: $1,000
Garage
5 spaces
Income
Gross income: $3,000, Net operating income: $106,660
Laundry
CommonArea
Lot
0.1681 acres, 7,322 square feet, Size: 7,322
Parking
5 totals parking
Pool
None
Sewer
PublicSewer
Taxes
Tax annual amount: $30,594
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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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