$1,600,000
$1,650,000
3.0%For more information regarding the value of a property, please contact us for a free consultation.
4,320 SqFt
SOLD DATE : 08/22/2022
Key Details
Sold Price $1,600,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 4,320 sqft
Price per Sqft $370
Subdivision North Long Beach (Nlb)
MLS Listing ID PW22042064
Sold Date 08/22/22
HOA Y/N No
Year Built 1964
Lot Size 5,057 Sqft
Acres 0.1161
Property Description
Long term tenants, excellent income generation property in popular area of Long Beach, An opportunity to acquire a 4-unit multifamily building, All 4 are 3 bedrooms & 1.5 bathrooms property is has been heavily and completely remodeled, The current owner has spent over $200,000 on improvement including electric panels, roof, dual pane windows, laminate flooring (no carpet), kitchen cabinet, granite counter top & appliances, bathroom include fixtures throughout, wall heater, recessed lightings, copper plumbing, 4 separate electrical meters, interior & exterior paint, gated carport for 4 cars space w/new roof, extra sound proof protection on flooring between first and second floor, on-site coin operated laundry room w/2washers & 2dryers for 4units, new driveway, There are no vacancies, This property is also conveniently located to several freeways and public transportation. any renter would be happy to live here! Tenants are on with full 1 month security deposit and fully executed rental agreement, City of Long Beach market has always enjoyed strong rental growth and with lots of redevelopment it seems this will continue for years to come. Make your offers subject to inspection and approval, sale as-is, no sign on property, * PLEASE DO NOT DISTURB TENANTS* * DRIVE BY ONLY * !!!
Location
State CA
County Los Angeles
Area 7 - North Long Beach
Zoning LBCCA
Rooms
Ensuite Laundry Common Area
Interior
Interior Features Granite Counters, Open Floorplan, Recessed Lighting
Laundry Location Common Area
Heating Wall Furnace
Cooling None
Flooring Laminate
Fireplaces Type None
Fireplace No
Appliance Free-Standing Range, Disposal, Gas Range
Laundry Common Area
Exterior
Garage Carport, Driveway, Gated
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Curbs, Street Lights, Sidewalks
Roof Type Shingle
Parking Type Carport, Driveway, Gated
Total Parking Spaces 4
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7120008005
Energy Description 840.0
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Lekeshia Cunningham • Iberri & Associates Real Estat
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "