$1,310,000
$1,325,000
1.1%For more information regarding the value of a property, please contact us for a free consultation.
8,424 SqFt
SOLD DATE : 11/26/2014
Key Details
Sold Price $1,310,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 8,424 sqft
Price per Sqft $155
Subdivision Alamitos Beach (Ab)
MLS Listing ID SB14137277
Sold Date 11/26/14
HOA Y/N No
Year Built 1922
Tax Year 2013
Lot Size 6,011 Sqft
Acres 0.138
Property Description
This 15 Unit mixed use investment property consists of 13 residential units and 2 commercial units. The building is separately metered for gas and electric, has approximately 8,424 rentable Sq. Ft. and situated on a 6,002 Sq. Ft. Lot. This property is located in the great rental market of Long Beach and provides a significant cash-on-cash return from day 1! This deal also has great assumable financing at 3.5% fixed through July of 2018 (assumption is not required to purchase the property). This opportunity will not last long!
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Interior
Fireplace No
Exterior
Pool None
Community Features Sidewalks
Private Pool No
Building
Lot Description Item1115UnitsAcre
Sewer Unknown
Water Public
Others
Tax ID 7273005008
Acceptable Financing CashtoNewLoan
Listing Terms CashtoNewLoan
Financing Conventional
Special Listing Condition Standard
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Bought with Brett Lyon • Keller Williams Beach Cities
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "