$4,715,000
$6,500,000
27.5%For more information regarding the value of a property, please contact us for a free consultation.
7,474 Sqft Lot
SOLD DATE : 02/16/2024
Key Details
Sold Price $4,715,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision Belmont Heights (Bh)
MLS Listing ID PW23084453
Sold Date 02/16/24
HOA Y/N No
Year Built 1969
Lot Size 7,474 Sqft
Property Description
For sale, for the first time since originally built in 1969, La Orleans, located at 3819 E. 2nd St. This 4-story multi family property in Long Beach, features 12 extremely large apartments, with a healthy unit mix of one, two, and three bedroom units. This turnkey property boasts a prime location within the well sought after neighborhood of Belmont Heights, walking distance to the beach and all of the boutiques, restaurants and amenities of 2nd St. The building recently underwent major renovations to the exterior of the property and to each of the twelve units, which are all now updated. The property’s oversized units lend themselves well to a potential condo conversion as well. It is elevators served with two stairwells and features covered parking for each of the units. The property owner can also collect extra income from the on-site laundry facility on the ground floor.
The spacious floor plans offer ample living space, while the stylish finishes and ocean and mountain views create an atmosphere of luxury and comfort. Residents will appreciate the remodeled units, private balconies, new flooring, and well-appointed bathrooms, all of which contribute to the overall aesthetic and livability of the property.
Overall, 3819 E. 2nd St. represents an excellent opportunity for investors who want to acquire a well-maintained, updated multifamily property in one of Long Beach’s most desirable neighborhoods. With its prime location, modern upgrades, and excellent rental history, the property is sure to attract high-quality tenants and generate strong returns for years to come. Do not miss out on this rare opportunity to own a piece of Long Beach real estate that truly has it all.
Location
State CA
County Los Angeles
Area 2 - Belmont Heights, Alamitos Heights
Interior
Interior Features Multiple Staircases
Fireplaces Type None
Fireplace No
Laundry Common Area, Laundry Room, See Remarks, Stacked
Exterior
Parking Features Attached Carport, Carport, Door-Single, Garage
Garage Spaces 2.0
Carport Spaces 12
Garage Description 2.0
Fence Chain Link
Pool None
Community Features Biking, Curbs, Dog Park, Fishing, Golf, Gutter(s), Storm Drain(s), Street Lights, Sidewalks, Urban, Water Sports
Waterfront Description Ocean Side Of Highway
Roof Type Flat
Total Parking Spaces 14
Private Pool No
Building
Lot Description 11-15 Units/Acre
Story 4
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 7256008023
Security Features Security System,Closed Circuit Camera(s),Smoke Detector(s),Security Lights
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
Special Listing Condition Standard
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Bought with Alex Nelson • 1st Point Lending Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "