$983,000
$995,000
1.2%For more information regarding the value of a property, please contact us for a free consultation.
6,791 Sqft Lot
SOLD DATE : 01/29/2019
Key Details
Sold Price $983,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Alamitos Beach (Ab)
MLS Listing ID SB18234292
Sold Date 01/29/19
HOA Y/N No
Year Built 1908
Lot Size 6,791 Sqft
Property Description
3 bedroom, 2 bathroom house with in-unit laundry plus two other units on a large lot only blocks to the beach, Retro Row, and Downtown Long Beach. Rare Opportunity to own 3 units in Alamitos Beach for under $1M. 5 off street parking spaces, quiet, tree-lined street. All utilities billed to tenants for minimal expenses. Roof recently replaced, $20k of foundation work done in front structure, sewer line partially replaced, some plumbing and electrical updates done. All three unit interiors recently remodeled. Strong income at 14X GRM. Great unit mix in dense rental market with low vacancy. Clean, professionally managed building with no deferred maintenance.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Zoning LBR3T
Interior
Fireplace No
Laundry Inside
Exterior
Pool None
Community Features Urban
Private Pool No
Building
Lot Description Yard
Story Two
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7266015014
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Financing Cash to Loan
Special Listing Condition Standard
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Bought with Cheryl Cotton • Keller Williams Pacific Estate
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "