$1,310,000
$1,325,000
1.1%For more information regarding the value of a property, please contact us for a free consultation.
6,011 Sqft Lot
SOLD DATE : 11/26/2014
Key Details
Sold Price $1,310,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Alamitos Beach (Ab)
MLS Listing ID SB14137277
Sold Date 11/26/14
HOA Y/N No
Year Built 1922
Tax Year 2013
Lot Size 6,011 Sqft
Property Description
This 15 Unit mixed use investment property consists of 13 residential units and 2 commercial units. The building is separately metered for gas and electric, has approximately 8,424 rentable Sq. Ft. and situated on a 6,002 Sq. Ft. Lot. This property is located in the great rental market of Long Beach and provides a significant cash-on-cash return from day 1! This deal also has great assumable financing at 3.5% fixed through July of 2018 (assumption is not required to purchase the property). This opportunity will not last long!
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Interior
Fireplace No
Exterior
Pool None
Community Features Sidewalks
Private Pool No
Building
Lot Description 11-15 Units/Acre
Sewer Unknown
Water Public
Others
Tax ID 7273005008
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Conventional
Special Listing Condition Standard
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Bought with Brett Lyon • Keller Williams Beach Cities
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "