4134 E Fountain Street

    Long Beach, CA 90804
    • $2,150,000
    • STATUS: Active
    • ON SITE: 72 days
    • ID#: PW18084274
    $2,150,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,890
      SQFT
    • $365
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1963
    County:

    School Ratings & Info

    Description

    This well-maintained eight-unit multifamily investment property in Long Beach, California is well-located on a cul-de-sac in Eastside Long Beach just steps from Bryant Elementary and near the intersection of Anaheim Street and Ximeno Avenue. This area is a majority-renter market with easy access to the 405, 22 and 605 freeways, and California State University, Long Beach, which serves ~40,000 students, is just two miles from the subject property.4134-4140 East Fountain Street consists of two parcels, each with a fourplex that share a driveway. The property offers a desirable mix of one three-bedroom, four two-bedroom, and three one-bedroom units. The units are separately metered for gas and electricity, and the three-bedroom unit boasts its own private patio. The property also offers four tuck-under parking spots and four surface parking spaces.As a well-maintained asset with a great location in a majority-renter market and substantial potential upside in rents, 4134-4140 East Fountain Street presents an excellent investment opportunity.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-24T00:28:18.443. 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/82556395

    4134 E Fountain Street Long Beach, CA 90804

    • Price: $2,150,000
    • Status: Active
    • ID#: PW18084274
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    5,890
    SQFT
    $365
    $/SQFT
    1963
    Built
    Neighborhood:
    Other (Othr)
    County:
    Los Angeles
    Area:
    3 - Eastside, Circle Area
    Property Description
    This well-maintained eight-unit multifamily investment property in Long Beach, California is well-located on a cul-de-sac in Eastside Long Beach just steps from Bryant Elementary and near the intersection of Anaheim Street and Ximeno Avenue. This area is a majority-renter market with easy access to the 405, 22 and 605 freeways, and California State University, Long Beach, which serves ~40,000 students, is just two miles from the subject property.4134-4140 East Fountain Street consists of two parcels, each with a fourplex that share a driveway. The property offers a desirable mix of one three-bedroom, four two-bedroom, and three one-bedroom units. The units are separately metered for gas and electricity, and the three-bedroom unit boasts its own private patio. The property also offers four tuck-under parking spots and four surface parking spaces.As a well-maintained asset with a great location in a majority-renter market and substantial potential upside in rents, 4134-4140 East Fountain Street presents an excellent investment opportunity.
    Exterior Features

    Carport Spaces 4.00 Garage Spaces 0.00 Lot Features Lot 10000-19999 Sqft Lot Size Source Assessor Lot Size Units Square Feet Parking Total 8.00 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 CommunityGas Dryer HookupWasher Hookup

    Property Features

    Additional Parcels Description 7253-025-002 Additional Parcels YN Yes Building Area Units Square Feet Cap Rate 2.99 Community Features Suburban Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 0.00 Gross Multiplier 19.02 Gross Scheduled Income 113040.00 Insurance Expense 0.00 Land Lease YN No Laundry YN Yes Net Operating Income 64248.00 New Taxes Expense 0.00 Number Of Separate Electric Meters 8 Number Of Separate Gas Meters 8 Number Of Separate Water Meters 0 Operating Expense 45401.00 Professional Management Expense 0.00 Rent Control YN No Senior Community YN No Special Listing Conditions Standard Subdivision Name Other N/A Total Expenses 45401.00 Trash Expense 0.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor Zoning Lbr34

    Listing provided courtesy of Steven Bogoyevac of Steven M. Bogoyevac, Broker and David O'keefe of Marcus & Millichap.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-24T00:28:18.443. 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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