$1,000,000
$1,025,000
2.4%For more information regarding the value of a property, please contact us for a free consultation.
7,405 Sqft Lot
SOLD DATE : 06/20/2019
Key Details
Sold Price $1,000,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Wrigley Area (Wr)
MLS Listing ID SB19067377
Sold Date 06/20/19
HOA Y/N No
Year Built 1923
Lot Size 7,405 Sqft
Acres 0.17
Property Description
BEST DEAL in Long Beach. 4 plex across from Washington Middle School with over 4000 square feet of raw land. 3300 square foot building in the front has the property cash flowing at a current 5.6% cap rate, rent upside to a 7-8% cap rate. Great unit mix, building has (2) 3 bed/1 bath units and (2) 2 bed/1 bath units. Prime location, less than a mile to PCH and downtown Long Beach. All tenants on a month to month lease.
Location
State CA
County Los Angeles
Area 5 - Wrigley Area
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Fireplace No
Laundry None
Exterior
Garage Unpaved
Pool None
Community Features Sidewalks
Parking Type Unpaved
Private Pool No
Building
Lot Description 2-5 Units/Acre
Sewer Unknown
Water Public
New Construction No
Others
Senior Community No
Energy Description 640.0
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Financing Conventional
Special Listing Condition Standard
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Bought with Afshin Eskandari • Keller Williams South Bay
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "