1141 East 16th Street 1141 East 16th Street Long Beach, California 90813 Estados Unidos
1141 East 16th Street Long Beach, California 90813 Estados Unidos
$2,400,000
Obtener indicaciones
Beautifully restored 9 unit building in the Poly High neighborhood of Long Beach- Central Long Beach. Pride of ownership property, same owner over 40 years. The property was just painted less than a year ago. Sandblasted, new stucco, paint, wood...
- .1485 acres
- Exterior
- Edificio Residencial
- Tipo de inmueble
- 1963
- Año de construcción
- DW24022648
- ID web
- DW24022648
- ID de MLS
- Poly High (PH)
- Urbanización
- 88
- días atrás
About 1141 East 16th Street
Beautifully restored 9 unit building in the Poly High neighborhood of Long Beach- Central Long Beach. Pride of ownership property, same owner over 40 years. The property was just painted less than a year ago. Sandblasted, new stucco, paint, wood trim. Great mix of 17 bedrooms and 10 baths. The Landlord currently uses the front (one bedroom) unit as his office, where he spent approx $15,000 in capital expenditures- gutting the unit and placing new floors, cabinets, counters, bathroom fixtures, shower stall, plumbing. It will be available at close (or prior if needed) and can easily be rented for $1800-$2000. A few other units have had nice capital expenditures as well in last 24 months. You have a total of 6 newer garage doors, plus 6 parking spaces. Perfect for long term investor looking for a property that cashflows nicely. Current gross market rent is apprx. $220,800. Rent increases have been issued, and rent on March 15, 2024, increases by max 8.8% (California Rent Control), to $238,000, plus small laundry income. 7.8% Cap Rate based on PRESENT rent. Property sold AS-IS. Please send Proof of Down Payment, Letter of Interest (if applicable) from commercial bank, with offers.
Listing Courtesy of Southern Cal Realty, Email/Phone : 714-984-3426
The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.
Listing Courtesy of Southern Cal Realty, Email/Phone : 714-984-3426
The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.
Amenidades
- Pisos de baldosas
características
- enfriamiento
- Propano Calefacción
- Aparcamiento
- Estacionamiento Asignado, Puerto de coches, Entrada de coches, Garaje, Aparcamiento
- Comunidad
- Aceras
- Estilo
- Estilo tradicional
PROPERTY INFORMATION
- Appliances
- ElectricRange, GasRange
- Community Info
- Biking, Curbs, Park, Sidewalks
- Garage Info
- 6
- Heating
- ForcedAir
- Parking Description
- Assigned, Concrete, DirectAccess, DoorSingle, Driveway, GarageFacesFront, Garage, Public, GarageFacesRear, OneSpace
- Sewer
- PublicSewer
- Style
- Traditional
- Water
- Public
EXTERIOR
- Construction
- Drywall, Frame, Plaster, Stucco
- Exterior Features
- RainGutters
- Lot Description
- FrontYard, Garden, Landscaped, RectangularLot
INTERIOR
- Flooring
- Laminate, Tile
- Interior Features
- CeilingFans, GraniteCounters
ADDITIONAL INFORMATION
- Number of Units
- 9
Listing Courtesy of Southern Cal Realty, Email/Phone : 714-984-3426