1332 Walnut Avenue

    Long Beach, CA 90813
    • $1,999,000
    • STATUS: Active
    • ON SITE: 52 days
    • ID#: PW18087332
    Price Reduced
    $1,999,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,892
      SQFT
    • $290
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1963
    County:

    School Ratings & Info

    Description

    Prime 1960's construction 9 unit apartment building! This property has a great unit mix consisting of : 6- 2bed/1bath, 2- 3bed/1bath and 1- 1bed/1bath. Long term tenants with tons of upside in rents! Current rents are 25% below market! 5 garages plus an additional 4 slanted parking spaces totaling 9 parking spaces! Building was completely repainted 1 month ago. a new pitched roof was put on in 2017. All units have tile flooring throughout and tile kitchen counters. Great investment opportunity! Hurry this property won't last long!

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-23T00:31:37.313. 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/83117476

    1332 Walnut Avenue Long Beach, CA 90813

    • Price: $1,999,000
    • Status: Active
    • ID#: PW18087332
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    6,892
    SQFT
    $290
    $/SQFT
    1963
    Built
    Neighborhood:
    Eastside (Es)
    County:
    Los Angeles
    Area:
    3 - Eastside, Circle Area
    Property Description
    Prime 1960's construction 9 unit apartment building! This property has a great unit mix consisting of : 6- 2bed/1bath, 2- 3bed/1bath and 1- 1bed/1bath. Long term tenants with tons of upside in rents! Current rents are 25% below market! 5 garages plus an additional 4 slanted parking spaces totaling 9 parking spaces! Building was completely repainted 1 month ago. a new pitched roof was put on in 2017. All units have tile flooring throughout and tile kitchen counters. Great investment opportunity! Hurry this property won't last long!
    Exterior Features

    Garage Spaces 5.00 Lot Features 6-10 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Features Garage Parking Total 5.00 Parking YN Yes 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 Gas Dryer HookupWasher Hookup Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 5.00 Community Features Street Lighting Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 159660.00 Gross Multiplier 13.00 Gross Scheduled Income 159660.00 Insurance Expense 0.00 Land Lease YN No Laundry YN Yes Net Operating Income 103779.00 New Taxes Expense 0.00 Number Of Separate Electric Meters 9 Number Of Separate Gas Meters 0 Number Of Separate Water Meters 1 Number Of Units Leased 9 Operating Expense 55881.00 Professional Management Expense 0.00 Rent Control YN No Senior Community YN No Special Listing Conditions Standard Subdivision Name Other Eastside (Es) Tenant Pays ElectricityGasTrash Collection Total Actual Rent 13305.00 Total Expenses 0.00 Trash Expense 0.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor Zoning Lbr2n

    Listing provided courtesy of Kristina Moore of Main Street Realtors.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-23T00:31:37.313. 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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