Property listed by The Agency, Jonathan Swire 424-230-3700
$1,450,000
PRICED TO SELL AT 9.7 GRM. 8 units (all studios) in Long Beach only subject to AB 1482 rent control - maximum annual increase of 5% + CPI (currently 8.0%). NO Local Rent Control in Long Beach. Located on a beautiful, quiet, tree lined street just blocks from Downtown… Read More Long Beach. All units have been updated including new kitchens, baths and paint. Electrical subpanels were updated in 2024. The main panel is 200 AMPS (Buyer to verify). The property is professionally managed and well maintained. nit. All units have W/Ds in them. There is no onsite parking, but there is a lot of street parking. Qualified Buyers can put down as little as 30%. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM. Read Less
Listing Snapshot
Days Online
1
Last Updated
Square Ft.
3,714
Lot Size
0.06 Acres
Year Built
1923
MLS Number
26633867
Additional Details
Building
Built in 1923, Living area: 3714.0, 1 building, 2 stories, Levels: Two
Cooling
None
Heating
WallFurnace
Income
Gross Income: $149,000, Net Operating Income: $86,000
Lot
0.0551 acres
Parking
None
Taxes
Parcel Number: 7272019004, Zoning: LBPD10
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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