CA > Long Beach > Eastside (Es)
Long Beach, CA 90813,816 Alamitos Ave
Long Beach, CA 90813,816 Alamitos Ave
Long Beach, CA 90813,816 Alamitos Ave
Long Beach, CA 90813,816 Alamitos Ave
Long Beach, CA 90813,816 Alamitos Ave
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$1,299,000

$1,399,000

7.1%
Est.Price: ?

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Est. payment /mo

6,538 Sqft Lot

SOLD DATE : 06/13/2021

Key Details

Sold Price $1,299,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Eastside (Es)

MLS Listing ID SB21029901

Sold Date 06/13/21

HOA Y/N No

Year Built 1922

Lot Size 6,538 Sqft

Property Description

Perfectly located this property is only 9 blocks from the Pacific ocean between downtown Long Beach, the East Arts Districts, and Alamitos Beach. The impressive property consists of 3 separate structures: (1) 5BD/1BA house, (1) 4BD/2BA house, and (2) 3BD/1BA units. The 4BD/2BA house was recently renovated and leased. There is a value-add potential at over 15% to market rents. This property is being offered at a CAP rate of 5% and GRM of 12.46 with an upside to achieve a CAP rate of 6.1% and GRM of 10.8. ONE UNIT TO BE DELIVERED VACANT!

Location

State CA

County Los Angeles

Area 3 - Eastside, Circle Area

Interior

Fireplace No

Laundry None

Exterior

Pool None

Community Features Urban

Private Pool No

Building

Lot Description Item25UnitsAcre

Sewer Unknown

Water Public

New Construction No

Others

Senior Community No

Tax ID 7267025031

Acceptable Financing Cash, Conventional, Item1031Exchange

Listing Terms Cash, Conventional, Item1031Exchange

Financing Conventional

Special Listing Condition Standard

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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141

Our team is ready to help you sell your home for the highest possible price ASAP

California Regional MLS (CRMLS)
Listed by Derek Branch • Alden Pacific Investments, Inc.
Bought with Cody Charnell • Buckingham Investments
agent-avatar

+1(626) 630-2141

andreww@gowpnow.com

43620 Ridge Park Dr, Temecula, CA, 92590, United States

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