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Diego Magdaleno

diego@1visionproperties.com +1(714) 376-8652

$2,199,000

Est. payment - /mo

6,621 Sqft Lot

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UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Wrigley Area (Wr)

MLS Listing ID PW24201464

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1948

Lot Size 6,621 Sqft

Property Sub-Type Apartment

Property Description

NEW PRICE REDUCTION!! This 10-Unit Apartment Building is a Great Investment for an Investor. The Owner Has Owned this Property for over 25 Years and has Maintain and Kept up with all the Maintenances. Located in the South Wrigley Area with a Market Cap Rate of 7.11%. The Property has been Well-Maintained, with a Great Upside Potential on the Future Rental Income!! This Property Offers (3) 2 Bedrooms -1 Bathroom, (6) 1 Bedrooms - 1 Bathroom and (1) Bonus Room/Studio -1 Bathroom. Four of the Units have been Recently Remodeled, and the Exterior was Recently Painted. The Property also has (4) Single Car Garages that can be a Great Opportunity to convert into ADU'S for Additional Income, and it has (4) Parking Spaces for Extra Income. The Owner just recently Installed a Newer Roof. All Units are Separately Metered for Gas and Electric. This 10-Unit Apartment Building is Located in a High Demand Rental Area!! This Apartment Building in Conveniently Located Close to Shopping, Restaurants, Entertainment, Metro Link, Long Beach Airport Downtown LB, Civic Center, Long Beach Aquarium, Downtown Village, CSULB and Queen Mary Island.

Location

State CA

County Los Angeles

Area 5 - Wrigley Area

Zoning LBR2N

Interior

Interior Features Multiple Staircases

Heating Wall Furnace

Cooling None

Flooring Carpet, Wood

Fireplace No

Appliance Water Heater

Laundry Common Area, Washer Hookup, Gas Dryer Hookup, Laundry Room

Exterior

Parking Features Door-Single, Garage, On Site, Off Street, Garage Faces Rear

Garage Spaces 4.0

Garage Description 4.0

Fence Wood

Pool None

Community Features Curbs, Street Lights, Sidewalks

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Roof Type Composition

Total Parking Spaces 6

Private Pool No

Building

Lot Description 6-10 Units/Acre

Faces East

Story 2

Entry Level Two

Foundation Raised

Sewer Public Sewer

Water Public

Architectural Style Contemporary

Level or Stories Two

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 7205020028

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard

Read Less Info

Listed by Marvin Malone Amberwood Real Estate, Inc. 562-377-2370

NEARBY SCHOOLS & PROPERTIES

SCHOOLSPROPERTIES

Elementary Schools 20

9

Los Cerritos Elementary School

Public | KG - 5
8

Signal Hill Elementary School

Public | KG - 5
8

Alvarado Elementary School

Public | KG - 5
8

Madison Elementary School

Public | KG - 5
7

Muir Academy

Public | KG - 8
7

Chavez Elementary School

Public | KG - 5
7

Birney Elementary School

Public | KG - 5
7

Lafayette Elementary School

Public | KG - 5
7

Robert Louis Stevenson Elementary School

Public | KG - 5
7

Longfellow Elementary School

Public | KG - 5
7

Lincoln Elementary School

Public | KG - 5
6

Garfield Elementary School

Public | KG - 5
6

Robinson K - 8 Academy

Public | KG - 8
6

Roosevelt Elementary School

Public | KG - 5
6

Mann Elementary School

Public | KG - 5
5

Elizabeth Beth Hudson K - 8 School

Public | KG - 8
5

Daniel Webster Elementary School

Public | KG - 5
5

Dominguez Elementary School

Public | KG - 5
5

Oropeza Elementary School

Public | KG - 5
5

Smith Elementary School

Public | KG - 5

Middle Schools 10

9

Intellectual Virtues Academy of Long Beach

Public | 6 - 8
7

Hughes Middle School

Public | 6 - 8
6

Franklin Classical Middle School

Public | 6 - 8
6

Jessie E. Nelson Academy

Public | 6 - 8
5

Stephens Middle School

Public | 6 - 8
5

Washington Middle School

Public | 6 - 8
5

Hoover Middle School

Public | 6 - 8
5

Jefferson Leadership Academies

Public | 6 - 8
4

Rancho Dominguez Preparatory School

Public | 6 - 12
0

Regency High School

Private | 7 - 12

High Schools 8

7

Renaissance High School for the Arts

Public | 9 - 12
6

Polytechnic High School

Public | 9 - 12
1

Cabrillo High School

Public | 9 - 12
1

Beach High-Intensive Learning Program

Public | 9 - 12
0

Reid High School

Public | 11 - 12
0

Educational Partnership High School

Public | 9 - 12
0

St Anthony High School

Private | 9 - 12
0

Long Beach Unified School District Regional Occupational Program

Public | 10 - 12

School and business data provided by Attom Data.

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2219 Pine AVE Long Beach, CA 90806