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Key Details
Sold Price $1,260,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision North Long Beach (Nlb)
MLS Listing ID PW14051952
Year Built 1958
Tax Year 2013
Lot Size 0.357 Acres
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
Interior
Flooring Carpet
Laundry Common Area
Exterior
Parking Features Unassigned
Garage Spaces 3.0
Garage Description 3.0
Pool None
Community Features Curbs, Gutter(s)
Utilities Available Sewer Available
Roof Type Asphalt,Shingle
Building
Lot Description 26-30 Units/Acre
Story 2
Water Public
Others
Acceptable Financing Submit
Listing Terms Submit
Special Listing Condition Standard
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Bought with J. Steven Warshauer • Coldwell Banker Commercial