$1,150,000
$1,175,000
2.1%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 07/20/2018
Key Details
Sold Price $1,150,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision North Long Beach (Nlb)
MLS Listing ID OC18083192
Sold Date 07/20/18
HOA Y/N No
Year Built 1988
Property Description
This well maintained property has two 2 bedroom, 2 bath units and two 2 bedroom, 3 bath units. Each unit has a double car garage with garage door opener & man door access, inside laundry, dishwasher, their own water heater as well as separate gas and electric meters. All units are rented under Section 8 so no need to worry about the monthly income - it always arrives on time! All repairs are up to date on all units with no deferred maintenance, several units had new carpet installed within the last year. There are no vacancies. This property is also conveniently located to several freeways and public transportation. The Long Beach Blvd. Redevelopment project with shopping, entertainment and restaurants are close by. There is a park across the street and a grade school down the street, all making for desirable tenant occupancy. Bring you investor, do the math on this one it all adds up to a great investment. The City of Long Beach is currently experiencing major redevelopment. The Long Beach Port is undergoing a large (estimated at over $4 billion) redevelopment that will create 14,000 new and permanent jobs in Southern California. The Long Beach market has always enjoyed strong rental growth and with this redevelopment it seems this will continue for years to come.
Location
State CA
County Los Angeles
Area 7 - North Long Beach
Zoning LBCMR*
Rooms
Ensuite Laundry In Kitchen
Interior
Laundry Location In Kitchen
Heating Wall Furnace
Fireplaces Type None
Fireplace No
Laundry In Kitchen
Exterior
Garage Assigned
Garage Spaces 8.0
Garage Description 8.0
Pool None
Community Features Suburban, Sidewalks
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected
Parking Type Assigned
Total Parking Spaces 8
Private Pool No
Building
Lot Description Landscaped, Street Level
Story Two
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7131001071
Acceptable Financing Cash to New Loan, 1031 Exchange
Listing Terms Cash to New Loan, 1031 Exchange
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Roger Arthur • Keller Williams South Bay
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