1153 E Appleton Street

    Long Beach, CA 90802
    • $1,799,000
    • STATUS: Active
    • ON SITE: 107 days
    • ID#: RS18122965
    UPDATED: 38 min ago
    $1,799,000
    • 0
      BEDS
    • 0.19
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,204
      SQFT
    • $428
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1915
    County:

    School Ratings & Info

    Description

    First time ever on the market! This investment property is situated ideally in the coveted neighborhood of Alamitos Beach. This location is known for its low vacancy and walkability to the beach. All units have been impeccable maintained and have had kitchen and bathroom upgrades in the past several years. Roofs were replaced 10 years ago and the building was completely repainted 3 years ago. The makeup consists of 3 separate buildings, front building has two 1 bedroom, 1 bath units and two studio units, back building has four 1 bedroom, 1 bath units and the free standing studio in the middle. All share a large common grass area, laundry onsite with income. Property Profile shows as a 7 unit but there are actually 9 units, 2 of which are nonconforming. This is a fantastic investment property. Don't miss out!

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-09-18T11:26:47.043. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.playavistaliving.com/homes/84191707

    1153 E Appleton Street Long Beach, CA 90802

    • Price: $1,799,000
    • Status: Active
    • Updated: 38 min ago
    • ID#: RS18122965
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.19
    Acres
    4,204
    SQFT
    $428
    $/SQFT
    1915
    Built
    Neighborhood:
    Alamitos Beach (Ab)
    County:
    Los Angeles
    Area:
    4 - Downtown Area, Alamitos Beach
    Property Description
    First time ever on the market! This investment property is situated ideally in the coveted neighborhood of Alamitos Beach. This location is known for its low vacancy and walkability to the beach. All units have been impeccable maintained and have had kitchen and bathroom upgrades in the past several years. Roofs were replaced 10 years ago and the building was completely repainted 3 years ago. The makeup consists of 3 separate buildings, front building has two 1 bedroom, 1 bath units and two studio units, back building has four 1 bedroom, 1 bath units and the free standing studio in the middle. All share a large common grass area, laundry onsite with income. Property Profile shows as a 7 unit but there are actually 9 units, 2 of which are nonconforming. This is a fantastic investment property. Don't miss out!
    Exterior Features

    Garage Spaces 1.00 Lot Features Front YardLandscapedLawnLot 6500-9999Lot Shape-Rectangular Lot Size Source Estimated Lot Size Units Square Feet Parking Total 1.00 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features Individual Room

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features CurbsSidewalksStreet Lighting Country Us Electric Expense 1200.00 Elevation Units Feet Fuel Expense 0.00 Garage Income 0.00 Garage Rental Rate 0.00 Gross Income 82920.00 Gross Scheduled Income 82200.00 Insurance Expense 2295.00 Land Lease YN No Laundry Income 720.00 Laundry YN Yes Licenses Expense 413.00 Maintenance Expense 4237.00 Net Operating Income 47041.00 New Taxes Expense 20238.00 Number Of Separate Electric Meters 6 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 6 Number Of Units Leased 7 Operating Expense 0.00 Professional Management Expense 5096.00 Rent Control YN No Senior Community YN No Special Listing Conditions Standard Subdivision Name Other Alamitos Beach (Ab) Total Actual Rent 6850.00 Total Expenses 35879.00 Trash Expense 600.00 Vacancy Allowance Rate 2.60 Water Sewer Expense 1800.00 Water Source Public Year Built Source Assessor Zoning Lbr3s

    Listing provided courtesy of Spencer Snyder of Nationwide Real Estate Execs and Evangelina Wolfley of Nationwide Real Estate Execs.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-09-18T11:26:47.043. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
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