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$3,305,000
$3,280,000
0.8%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
SOLD DATE : 06/17/2022
Key Details
Sold Price $3,305,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
Subdivision Downtown (Dt)
MLS Listing ID CV22052753
Sold Date 06/17/22
Bedrooms 4
Property Sub-Type Res Income 2-4 Units
Property Description
We are pleased to present this 16 unit opportunity in the "Downtown Adjacent" region of Long Beach. The property consists of 2 separate buildings with the front building housing 12 units and the rear building housing the other 4. There are a total of (11) 1 Bedroom units and (5) Studio units that are separately metered for gas and electricity. A new investor will immediately enjoy strong positive cash flow with a huge upside of 34%+ in rental income once stabilized.
Location
State CA
County Los Angeles
Zoning Assessor
Direction East of I-710 & South of I-405; Near Intersection of N Marietta Ct & E 7th St
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
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Bought with Kristopher German RE/MAX 2000 REALTY
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "