





Property Attributes
- ML#PW21027154
- TypeIncome
- CountyLOS ANGELES
- CityLong Beach
- Zip90807
- StyleMixed Use
- Price$ 2,395,000
- Bedrooms8
- Full Bathrooms8
- Half Bathrooms0
- Lot Size9,148 SqFt
Listing Provided Courtesy Of:
Kevin King with Marcus & Millichap.
Data Source:
CRMLS
Property Description
is pleased to present an 8-unit apartment building located in Long Beach, California. Built in 1948, the subject property consists of 6,937 rentable square feet spread throughout a 9,006 square foot lot. There is four 1-bedroom / 1-bathroom units and four 2-bedroom / 1-bathroom units. It has a pitched roof and contains five garages. Owners enjoy the high demand for rentals in a coastal city of Southern California. Tenants enjoy living in proximity to Bixby Knolls where there are many shops, restaurants, cafes, entertainment venues and grocery stores. The city of Long Beach continues to progress forward and is currently experiencing major redevelopment. The Long Beach port is undergoing $4.4 billion in future redevelopment that will create 14,000 new and permanent jobs in Southern California. The city is undergoing a building boom with more than $5 billion in private and public investments started in 2018 and more expected this year. The new $520 million Long Beach Civic Center development will house a new City Hall, Port of Long Beach headquarters and the Main Library. Long Beach sustains its ability to attract renters due to its strong economy and quality of life.
Price History | |
---|---|
2/9/2021 | Listed $2,395,000 |
General Features
Community Features | Biking, Curbs, Park, Storm Drain(s), Street Lights, Sidewalks, Urban |
---|---|
Garage Spaces | 5 |
Garage Y/N | Yes |
MLS Area | 699 - Not Defined |
Parking Features | Garage |
Pool Features | None |
Property SubType | Mixed Use |
Property Type | Residential Income |
Sewer | Public Sewer |
Terms | Cash |
Total Actual Rent | 149280 |
Total Units | 8 |
Water Sewer Expense | 2000 |
Zoning | LBR3S |
Interior Features
Common Walls | No Common Walls |
---|---|
Laundry Features | Common Area |
Exterior Features
Lot Features | 6-10 Units/Acre |
---|---|
Lot Size Acres | 0.21 |
Lot Size Area | 9006 |
Lot Size Source | Assessor |
Lot Size Square Feet | 9006 |
Lot Size Units | Square Feet |
Number of Buildings | 1 |
Number of Separate Electric Meters | 8 |
Number of Separate Gas Meters | 8 |
Number of Separate Water Meters | 8 |
Total Parking | 5 |
Water Source | Public |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Master On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool