Discover an exceptional investment opportunity with this multifamily property in the sought-after Long Beach area. Boasting a 5,406 SF building with 8 two-bedroom units, this charming property, built in 1943, offers a prime location and impressive potential for a low-rise/garden investor. The added value opportunity provides the investor with the… Read More ability to purchase a heavily discounted asset and achieve above market returns through capital improvements and increased rental income. With its desirable address and strong rental demand, this property presents a lucrative investment for those seeking to expand their portfolio in the thriving Long Beach market. Take advantage of this chance to own a piece of Long Beach's rich real estate landscape. Read Less
Property listed by Morgan Skenderian, Rick Applebaum [email protected]
Listing Snapshot
Days Online
54
Last Updated
Property Type
Apartment
Lot Size
0.14 Acres
Year Built
1943
MLS Number
PW24222871
30 Days Snapshot Of 90813
$540k
-10%
(avg) sold price
1
-85%
home sold
54
-12%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1943, Building area total: 5,406, Levels: Two, 2 stories, 1 building, Common walls: NoCommonWalls
Community
Curbs, Gutters, Sidewalks
Expenses
Electric expense: $2,228, Fuel expense: $2,228, Gardener expense: $1,534, Insurance expense: $6,000, Maintenance expense: $5,704, New taxes expense: $24,519, Operating expense: $47,672, Trash expense: $2,228, Water sewer expense: $2,228
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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