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Key Details
Sold Price $1,535,000
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Subdivision Eastside (Es)
MLS Listing ID PW23165898
Year Built 1923
Lot Size 6,507 Sqft
Property Description
1119 St. Louis Avenue is a 10-unit apartment asset in Long Beach, California. The property is offered at only $159,500 per unit with 6.09% cap rate and 9.37 GRM on current rents. The property is comprised of 10 bungalow-style studio units in a secured access building. Seven units have been remodeled with recessed lighting, new flooring, new kitchen countertops, cabinetry, and stainless steel appliance, new bathroom vanities, tiling, and modern fixtures and features, and in-unit washers and dryers. New windows have been installed throughout most units.
Location
State CA
County Los Angeles
Area 3 - Eastside, Circle Area
Zoning LBR2N
Interior
Laundry Inside
Exterior
Pool None
Community Features Sidewalks
Building
Lot Description 6-10 Units/Acre
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Special Listing Condition Standard
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Bought with Charles Chung • Integrity Realty Services and Investments Group