CA > Long Beach > Eastside (Es)
Long Beach, CA 90804,1360 Euclid AVE
Long Beach, CA 90804,1360 Euclid AVE
Long Beach, CA 90804,1360 Euclid AVE
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$2,650,000
Est. payment /mo
6,503 Sqft Lot
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UPDATED:

12/16/2024 03:13 PM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Eastside (Es)

MLS Listing ID PW24249846

HOA Y/N No

Year Built 1923

Lot Size 6,503 Sqft

Property Sub-Type Apartment

Property Description

**SELLER FINANCING AVAILABLE**Discover this charming Spanish-style 13-unit apartment building nestled in the heart of Long Beach's vibrant East Side neighborhood. Combining timeless architectural appeal with modern upgrades, this property presents an exceptional opportunity for investors seeking a value-add asset with significant income potential. With a remarkable 35% upside in rents, a new owner can unlock tremendous cash flow while capitalizing on the extensive improvements already completed. Improvements include the installation of 13 new wall heaters (1990), a full repipe of gas lines (1998), a complete replacement of water supply lines (2006),14 new electric meters (1990), double-pane vinyl windows throughout (2017), new 100 gallon water heater (2022), and all ABS plastic drain lines. The original floor plans also offer an opportunity for reconfiguration to unlock even more rental income potential. This reconfiguration has already been completed on unit #10. Seller financing is available for qualified buyers.

Location

State CA

County Los Angeles

Area 3 - Eastside, Circle Area

Zoning LBR2N

Interior

Heating Wall Furnace

Fireplace No

Laundry None

Exterior

Parking Features None

Pool None

Community Features Curbs

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 7253008006

Acceptable Financing Cash, Cash to New Loan, Owner Will Carry, Owner May Carry

Listing Terms Cash, Cash to New Loan, Owner Will Carry, Owner May Carry

Special Listing Condition Standard

Read Less Info
California Regional MLS (CRMLS)
Listed by Cody Charnell • Sage Real Estate • 562-896-3851

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