$2,375,000
$2,450,000
3.1%For more information regarding the value of a property, please contact us for a free consultation.
5,850 Sqft Lot
SOLD DATE : 10/27/2023
Key Details
Sold Price $2,375,000
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Subdivision Eastside (Es)
MLS Listing ID OC23139674
Sold Date 10/27/23
HOA Y/N No
Year Built 1965
Lot Size 5,850 Sqft
Property Description
SELLER FINANCING AVAILABLE! First Time Ever For Sale! The property boasts an outstanding unit mix of: 1 - 3 Bedroom / 1.75 Bath, 2 - 3 Bedroom / 1.5 Bath & 3 - 2 Bedroom / 1.75 Bath Units, while also allowing for a competitive 5.12% Actual CAP rate, with generous upside still available. This complex also offers (8) garages (1 with direct access), as well as a convenient large on-site laundry room. Additionally, an investor will benefit from a newer roof and exterior paint, both of which were done within the last 5 years. Due to the excellent Eastside location, tenants to have close proximity to the many restaurants/shops in the traffic circle, Long Beach State University, and Recreation Park!
Location
State CA
County Los Angeles
Area 3 - Eastside, Circle Area
Zoning LBR3S
Interior
Fireplaces Type None
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 8.0
Garage Description 8.0
Pool None
Community Features Sidewalks
Total Parking Spaces 8
Private Pool No
Building
Lot Description Landscaped
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 7241005011
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Financing Seller Financing
Special Listing Condition Standard
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Bought with Michael O'Neill II • CB Richard Ellis, Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "