$2,600,000
$2,675,000
2.8%For more information regarding the value of a property, please contact us for a free consultation.
4,980 SqFt
SOLD DATE : 05/31/2019
Key Details
Sold Price $2,600,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,980 sqft
Price per Sqft $522
Subdivision Belmont Heights
MLS Listing ID 18413266
Sold Date 05/31/19
HOA Y/N No
Year Built 1923
Lot Size 6,355 Sqft
Property Description
262 Park Avenue is a 4-unit property located in the Estates Section of Belmont Heights, presenting the unique opportunity to own an income property in a phenomenal rental market with tremendous growth potential. Conveniently located blocks away from the beach, Alamitos Bay, Naples Island, East 2nd Street, and the new 2nd & PCH outdoor shopping center set to open in Summer 2019.Complete restoration of this 1920's Spanish Colonial style property with ocean views from select units features new kitchens with stamp-concrete tile, bathrooms featuring carrera-marble, new heating, plumbing, electrical, individual laundry hook-ups and hardwood floors throughout. Each unit also features one dedicated oversized garage with additional storage in each.Long Beach home sales prices have increased over 35% since January 2015, making it more difficult for home ownership and ensuring a continued strong rental market. With overall rent increases of 30% over the same time period, multi-family has
Location
State CA
County Los Angeles
Area 2 - Belmont Heights, Alamitos Heights
Zoning LBR1N
Rooms
Ensuite Laundry Electric Dryer Hookup, In Kitchen
Interior
Interior Features Balcony
Laundry Location Electric Dryer Hookup,In Kitchen
Cooling None, Wall/Window Unit(s)
Flooring Stone, Wood
Fireplace No
Appliance Built-In Range, Dishwasher, Refrigerator, Dryer, Washer
Laundry Electric Dryer Hookup, In Kitchen
Exterior
Garage Door-Single, Garage
Garage Spaces 4.0
Garage Description 4.0
View Y/N Yes
View Ocean
Roof Type Spanish Tile
Parking Type Door-Single, Garage
Total Parking Spaces 4
Building
Story 2
Others
Tax ID 7250031008
Special Listing Condition Standard
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Bought with David Harrington • Matthews Real Estate Investmen
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