CA > Long Beach > Downtown (Dt)
Long Beach, CA 90802,619 Elm AVE

$1,425,000

$1,450,000

1.7%
Est.Price: ?

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Est. payment /mo

7,492 Sqft Lot

SOLD DATE : 09/30/2014

Key Details

Sold Price $1,425,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Downtown (Dt)

MLS Listing ID PW14091075

Sold Date 09/30/14

HOA Y/N No

Year Built 1921

Tax Year 2013

Lot Size 7,492 Sqft

Property Description

Huge Upside as building is grossly under rented. This area south of 7th is the most rapidly improving area in the City. Lowest price per unit downtown in a great East Village location. This building can bring in $150,000 annually with a motivated Owner creating a +6 CAP and sub 10 GRM. With newer stucco on the exterior, this building has the curb appeal to bring these rents to market.

Location

State CA

County Los Angeles

Area 4 - Downtown Area, Alamitos Beach

Interior

Fireplace No

Exterior

Pool None

Community Features Urban

Utilities Available Sewer Available

Private Pool No

Building

Story 2

Entry Level Two

Water Public

Level or Stories Two

Others

Senior Community No

Tax ID 7273027013

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

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 AJ Nay • Maverick Apartment Investment
Bought with Matthew Firth • JMS Manage Sell, PC
agent-avatar

+1(626) 630-2141

andreww@gowpnow.com

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

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