$2,650,000
$2,700,000
1.9%For more information regarding the value of a property, please contact us for a free consultation.
6,351 Sqft Lot
SOLD DATE : 06/02/2023
Key Details
Sold Price $2,650,000
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Subdivision Eastside (Es)
MLS Listing ID PW23011122
Sold Date 06/02/23
HOA Y/N No
Year Built 1986
Lot Size 6,351 Sqft
Property Description
1206 Gladys Avenue is an eight-unit, value-add apartment asset located in Long Beach. Built in 1986, the property features desirable 1980's construction. All eight apartments are sizable 2 BD / 2 BA units. Two of the units have been upgraded with luxury finishings, including in-unit washers and dryers, new cabinets and countertops, AC, minisplits, and tankless water heaters. The onsite laundry room and 14 parking spaces provide the opportunity for additional income. 1206 Gladys Avenue provides a new buyer with an attractive value add opportunity with approximately 20% upside to market rent.
Location
State CA
County Los Angeles
Area 3 - Eastside, Circle Area
Zoning LBR2N
Interior
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 14.0
Garage Description 14.0
Pool None
Community Features Urban
Total Parking Spaces 14
Private Pool No
Building
Lot Description 6-10 Units/Acre
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 7259017025
Energy Description 2278.0
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Larry Bustamante • Keller Williams - Santa Monica
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "