3622 E 11th Street

    Long Beach, CA 90804
    • $1,475,000
    • STATUS: Active
    • ON SITE: 98 days
    • ID#: PW18143714
    UPDATED: 31 min ago
    $1,475,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,800
      SQFT
    • $388
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1950
    County:

    School Ratings & Info

    Description

    The Eleventh Street Apartments is a 6-unit apartment community located in the up-and-coming Eastside submarket. Just to the North of Belmont Heights, South of Traffic Circle, East of Rose Park, walking distance to Wilson High School and in close proximity to Long Beach State College. The rental demand is very strong for this location. Investors have the opportunity to acquire an appealing retro-style building that has undergone recent upgrades to 5 of the 6 units. The asset consists of four 1-bedroom/1-bath units, two 2-bedroom/1-bath units, 1 private garage and 4 parking spaces. The lower front unit has its own enclosed courtyard which is spacious and private. Onsite laundry is available.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-09-22T10:30:36.423. 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/84704377

    3622 E 11th Street Long Beach, CA 90804

    • Price: $1,475,000
    • Status: Active
    • Updated: 31 min ago
    • ID#: PW18143714
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    3,800
    SQFT
    $388
    $/SQFT
    1950
    Built
    Neighborhood:
    Eastside (Es)
    County:
    Los Angeles
    Area:
    3 - Eastside, Circle Area
    Property Description
    The Eleventh Street Apartments is a 6-unit apartment community located in the up-and-coming Eastside submarket. Just to the North of Belmont Heights, South of Traffic Circle, East of Rose Park, walking distance to Wilson High School and in close proximity to Long Beach State College. The rental demand is very strong for this location. Investors have the opportunity to acquire an appealing retro-style building that has undergone recent upgrades to 5 of the 6 units. The asset consists of four 1-bedroom/1-bath units, two 2-bedroom/1-bath units, 1 private garage and 4 parking spaces. The lower front unit has its own enclosed courtyard which is spacious and private. Onsite laundry is available.
    Exterior Features

    Garage Spaces 1.00 Lot Features Front YardLot-Level/Flat Lot Size Source Assessor Lot Size Units Square Feet Parking Total 5.00 Pool Features None Pool Private YN No Property Attached YN Yes

    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 2+ Common Walls Laundry Features Community Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features Curbs Country Us Electric Expense 600.00 Elevation Units Feet Fuel Expense 600.00 Gardener Expense 500.00 Gross Income 108129.00 Gross Scheduled Income 113820.00 Insurance Expense 1520.00 Land Lease YN No Laundry YN Yes Licenses Expense 500.00 Net Operating Income 74369.00 New Taxes Expense 18883.00 Number Of Separate Electric Meters 7 Number Of Separate Gas Meters 7 Number Of Separate Water Meters 1 Operating Expense 33760.00 Professional Management Expense 5406.00 Rent Control YN No Senior Community YN No Special Listing Conditions Standard Subdivision Name Other Eastside (Es) Total Expenses 33760.00 Trash Expense 600.00 Water Sewer Expense 600.00 Water Source Public Zoning Lbr4r

    Listing provided courtesy of Todd Hawke of Keller Williams Pacific Estate and Robert Stepp of .


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-09-22T10:30:36.423. 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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