$1,257,500
$1,200,000
4.8%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 08/09/2016
Key Details
Sold Price $1,257,500
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Other (Othr)
MLS Listing ID SB16056641
Sold Date 08/09/16
HOA Y/N No
Year Built 1960
Property Description
This 9 unit building (1)2 bed/1 bath (7)1 bed/1 bath, (1)studio/1 bath is on a corner lot location, has great visibility and a good unit mix that provides a steady occupancy. It has 6 garages offering added income to the owner.
The 9 Units are in good condition with no deferred maintenance and upside rents. Each unit is individually metered and has low flow toilets for low expenses.
Actual income and expenses used for these good GRM & CAP numbers.
Location
State CA
County Los Angeles
Area 7 - North Long Beach
Interior
Fireplace No
Exterior
Garage Spaces 6.0
Garage Description 6.0
Pool None
Community Features Curbs, Sidewalks
Utilities Available Sewer Available
Total Parking Spaces 6
Private Pool No
Building
Story Two
Entry Level Two
Water Public
Level or Stories Two
Others
Senior Community No
Tax ID 7127023016
Energy Description 3489.0
Acceptable Financing Submit
Listing Terms Submit
Financing Cash
Special Listing Condition Standard
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Bought with Jonathan Swire • The Agency
"Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "