$3,800,000
$3,995,000
4.9%For more information regarding the value of a property, please contact us for a free consultation.
5,893 Sqft Lot
SOLD DATE : 12/15/2021
Key Details
Sold Price $3,800,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Belmont Heights (Bh)
MLS Listing ID PW21192661
Sold Date 12/15/21
HOA Y/N No
Year Built 1928
Lot Size 5,893 Sqft
Property Description
Pleased to present the opportunity to acquire 2nd Street Property, an incredible turnkey apartment building situated in the desirable Belmont Heights neighborhood of Long Beach. The property offers a diverse unit mix of large studios, one and two-bedroom units with a vintage feel, but having a modern layout. The apartment building features a laundry room, storage compartments, and a great location with many of Long Beach’s finest attractions only minutes away. This property offers an investor the opportunity to acquire a valuable income-producing asset with a current cap rate of 3.6% and a market cap rate of 4.6%.
Location
State CA
County Los Angeles
Area 2 - Belmont Heights, Alamitos Heights
Zoning LBR3S
Interior
Fireplace No
Laundry CommonArea
Exterior
Pool None
Community Features DogPark, WaterSports
Private Pool No
Building
Lot Description RectangularLot
Sewer Unknown
Water Public
New Construction No
Others
Senior Community No
Tax ID 7264003017
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
Special Listing Condition Standard
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Bought with Cody Charnell • Buckingham Investments
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "