REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,800,000
Est. payment | /mo
3,750 Sqft Lot
$ 1,800,000
Est. payment | /mo
3,750 Sqft Lot
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision East Village Arts District
MLS Listing ID SB26098575
HOA Y/N No
Year Built 1923
Lot Size 3,750 Sqft
Property Sub-Type Apartment
Property Description
Priced to sell at only $163k per door. This 11-unit building is located in the East Village Arts District of Long Beach. Priced with very high in-place cash flow at close with actual rents resulting in an 9.52X GRM and 6.8% cap rate. Low maintenance building with very little gardening required. This property is located only 3 blocks from the beach and within walking distance to shopping centers, medical facilities, grocery stores, and dining. Don't miss out on this incredible opportunity! Offering memorandum in supplemental materials. One unit is currently vacant.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Interior
Fireplace No
Laundry None
Exterior
Pool None
Community Features Urban
Total Parking Spaces 2
Private Pool No
Building
Lot Description 11-15 Units/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 7281014010
Energy Description 1654.0
Acceptable Financing Cash, Cash to New Loan, Contract
Listing Terms Cash, Cash to New Loan, Contract
Special Listing Condition Standard
Listed by Malcolm Zeger Buckingham Investments, Inc 626-483-7983, DRE #02013882
Nearby Locations