Property just recently completed the process of upgrading the existing 11 meters. Installing 11 new electric panels in outside cabinet & installing a new 400amp main disconnect switch supplying power to 10 existing apartment units. Nearly $92K was spent on this upgrade. Spacious 10 unit building with 5 garages… Read More in a prime location of Long Beach. Enjoy an attractive unit mix of (2) 2bd/1ba & (8) 1bd/1ba units. Units are very spacious with a total of 7,045 sqft. Tenants enjoy on-site Laundry & large grass yard at the front and also along the side of the building. The building is located in a very desirable area near both Belmont shores and close to Shoreline Village, The Pike Outlets, and downtown giving you great access to restaurants, shopping, near the ocean and beaches, and close to many freeways, the Long Beach airport, CSLB, and more. Read Less
Property listed by Realty One Group West, Louis Mannone 714-906-8571
Listing Snapshot
Days Online
116
Last Updated
Property Type
Mixed Use
Lot Size
0.19 Acres
Year Built
1953
MLS Number
PW25016965
Additional Details
Building
Built in 1953, Building area total: 7,045, Levels: Two, 2 stories, 1 building, Common walls: NoCommonWalls
Community
Sidewalks
Expenses
Electric expense: $385, Gardener expense: $5,870, Insurance expense: $3,900, Licenses expense: $615, New taxes expense: $36,655, Operating expense: $85,030, Water sewer expense: $5,017
Garage
5 spaces
Income
Gross income: $222,240, Net operating income: $138,733
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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