$1,260,000
$1,395,000
9.7%For more information regarding the value of a property, please contact us for a free consultation.
7,079 SqFt
SOLD DATE : 07/30/2014
Key Details
Sold Price $1,260,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 7,079 sqft
Price per Sqft $177
Subdivision North Long Beach (Nlb)
MLS Listing ID PW14051952
Sold Date 07/30/14
Construction Status Fixer
HOA Y/N No
Year Built 1958
Tax Year 2013
Lot Size 0.357 Acres
Acres 0.357
Property Description
This 1958 property offers a livable area of approximately 7,079 SF and is situated on huge 15,567 Sf flat lot with room for possible development (Zoned LBR4N). The property consist of 11 units and a unit mix consisting of 2 - two bedrooms/one bathroom units and 8 - one bedroom/one bathroom units and 1-studio unit. There are approximately 14 parking spaces three of which are garages. There is a laundry facility on-site. All units separately metered for electricity and gas. Cooper plumbing upgraded recently.
This value-added investment has a huge potential for an investor to increase rents and improve the cash flow. The property has been family owned since it was built and is on the market for the 1st time.
Location
State CA
County Los Angeles
Area 7 - North Long Beach
Zoning LBR4N
Rooms
Ensuite Laundry CommonArea
Interior
Laundry Location CommonArea
Flooring Carpet
Fireplace No
Laundry CommonArea
Exterior
Garage Unassigned
Garage Spaces 3.0
Garage Description 3.0
Pool None
Community Features Curbs, Gutters
Utilities Available SewerAvailable
Roof Type Asphalt,Shingle
Parking Type Unassigned
Total Parking Spaces 14
Private Pool No
Building
Lot Description Item2630UnitsAcre
Faces South
Story 2
Entry Level Two
Water Public
Level or Stories Two
Construction Status Fixer
Others
Senior Community No
Tax ID 7120016044
Acceptable Financing Submit
Listing Terms Submit
Financing Conventional
Special Listing Condition Standard
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Bought with J. Steven Warshauer • Coldwell Banker Commercial
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "