Wow, this Spanish beauty is an absolute bread and butter property in the heart of Long Beach! Most every unit has been remodeled and updated. All units are vintage studios with either Juliet balconies on the 2nd floor or rear doors to a walk way for the lower units. Painted… Read More with designer colors, laminate flooring, vintage cabinets and all stoves and refrigerators are seller owned. There is an on-site coin operated laundry room with 2 washers and 2 dryers which adds to the already lucrative income on this property. The exterior has been fully repainted, the roof has a white Elasta-Coasting with a five year warranty to help reduce the heat on the upper apartments. The main exterior panel has had an impressive and massive upgrade. There is a small basement which will show the updates to the foundation and supports of the property. There is a cute slate rear courtyard for the tenants to utilize and also allows access to the rear dead end alley. This is a great property with tremendous opportunity for growth! Read Less
Property listed by The Mohler Real Estate Group, Shawn Mohler 562-505-7953
Listing Snapshot
Days Online
82
Last Updated
Property Type
Apartment
Lot Size
0.09 Acres
Year Built
1923
MLS Number
PW25007491
30 Days Snapshot Of 90813
$480k
-17%
(avg) sold price
3
-57%
homes sold
73
-52%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road frontage type: CityStreet
Appliances & Equipment
GasOven, Refrigerator, Dryer, Washer
Building
Built in 1923, Building area total: 4,508, Levels: Two, 2 stories, 1 building, Architectural style: , Attached, Common walls: TwoCommonWallsOrMore, Construction materials: Stucco
Community
Sidewalks
Cooling
None
Expenses
Electric expense: $109, Fuel expense: $4,121, Operating expense: $50,756, Trash expense: $3,257, Water sewer expense: $6,561
Fence
Wood
Fireplaces
None
Floors
Vinyl
Heating
WallFurnace
Income
Gross income: $223,504, Net operating income: $223,504
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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