6803 Long Beach Boulevard

    Long Beach, CA 90805
    • $1,765,000
    • STATUS: Active
    • ON SITE: 106 days
    • ID#: PW18053317
    Price Reduced
    UPDATED: 52 min ago
    $1,765,000
    • 0
      BEDS
    • 0.23
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,420
      SQFT
    • $275
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1958
    County:

    School Ratings & Info

    Description

    The offering consists of two buildings, a front office building and a rear apartment building with two studios, six one-bedroom units and one three-bedroom unit. The property is securely gated and features a shared courtyard, a currently unused rooftop deck area, on-site laundry, seven parking spaces in the rear, and individual gas and electric meters. Additionally, the roof of the apartment building was replaced in 2016.The office space, which has excellent exposure facing well-trafficked Long Beach Boulevard, is being marketed for $2,200 per month.With steady cash flow on current rents, additional potential upside, and a good commuter location, 6803 Long Beach Boulevard presents a great investment opportunity.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-22T08:28:07.72. 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/81369281

    6803 Long Beach Boulevard Long Beach, CA 90805

    • Price: $1,765,000
    • Status: Active
    • Updated: 52 min ago
    • ID#: PW18053317
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.23
    Acres
    6,420
    SQFT
    $275
    $/SQFT
    1958
    Built
    Neighborhood:
    North Long Beach (Nlb)
    County:
    Los Angeles
    Area:
    7 - North Long Beach
    Property Description
    The offering consists of two buildings, a front office building and a rear apartment building with two studios, six one-bedroom units and one three-bedroom unit. The property is securely gated and features a shared courtyard, a currently unused rooftop deck area, on-site laundry, seven parking spaces in the rear, and individual gas and electric meters. Additionally, the roof of the apartment building was replaced in 2016.The office space, which has excellent exposure facing well-trafficked Long Beach Boulevard, is being marketed for $2,200 per month.With steady cash flow on current rents, additional potential upside, and a good commuter location, 6803 Long Beach Boulevard presents a great investment opportunity.
    Exterior Features

    Garage Spaces 0.00 Lot Features Lot 10000-19999 Sqft Lot Size Source Assessor Lot Size Units Square Feet Parking Total 7.00 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 Community Levels Multi/Split

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 5.03 Community Features Suburban Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 0.00 Gross Multiplier 12.34 Gross Scheduled Income 143040.00 Insurance Expense 0.00 Land Lease YN No Laundry YN Yes Net Operating Income 88846.00 New Taxes Expense 0.00 Number Of Separate Electric Meters 10 Number Of Separate Gas Meters 10 Number Of Separate Water Meters 0 Operating Expense 49903.00 Professional Management Expense 0.00 Rent Control YN No Senior Community YN No Special Listing Conditions Standard Subdivision Name Other North Long Beach (Nlb) Total Expenses 49903.00 Trash Expense 0.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor Zoning Lbcca

    Listing provided courtesy of Steven Bogoyevac of Steven M. Bogoyevac, Broker and Shane Young of Marcus & Millichap.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-22T08:28:07.72. 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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