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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$1,599,000

Est. payment - /mo

2,535 Sqft Lot

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UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Downtown (Dt)

MLS Listing ID PW26080272

HOA Y/N No

Year Built 1923

Lot Size 2,535 Sqft

Property Sub-Type Apartment

Property Description

8-unit apartment building located in Downtown Long Beach. The property features a unit mix of (6) studios and (2) 1-bed/1-bath units, all with upgraded interiors. The building has been well maintained and has upgraded electrical panels. There is also a well sized basement with potential to be converted into a common area laundry room. Located on a corner lot with good visibility and access to local amenities, employment centers, and the 710 Freeway. Downtown Long Beach continues to see new development, supporting rental demand. Opportunity for stable cash flow with additional upside through rental increases.

Location

State CA

County Los Angeles

Area 4 - Downtown Area, Alamitos Beach

Interior

Heating Floor Furnace, Wall Furnace

Cooling None

Flooring Tile, Wood

Fireplaces Type None

Fireplace No

Laundry None

Exterior

Parking Features None

Fence Security

Pool None

Community Features Urban

View Y/N No

View None

Private Pool No

Building

Lot Description 6-10 Units/Acre

Story 2

Entry Level Two

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7272023022

Energy Description 706.0

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

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Listed by Cody Charnell Sage Real Estate Group, Inc. 562-896-3851, DRE #01950585

NEARBY SCHOOL & BUSINESS

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463 W 6th Long Beach, CA 90802