720 Maine Avenue

    Long Beach, CA 90813
    • $1,911,000
    • STATUS: Closed
    • ON SITE: 139 days
    • ID#: PW18151833
    Sold - 08/14/2018
    $1,911,000
    SOLD - 08/14/2018
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,068
      SQFT
    • $0
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1965
    County:

    School Ratings & Info

    Description

    1960's construction in prime Downtown Long Beach location! First time on the market in 15 years! 8 Units with a great unit mix of 2- 3bedroom/2bath and 6- 2bedrooms/1bath. 10 garages plus additional parking! Long term month to month tenants with huge upside in rents! NO Rent control in the city. Separately metered for electric. Seller pays water and trash only.

    Sold by Kristina Moore of Coldwell Banker Coastal Alliance.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-12T19:30:11.323. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.playavistaliving.com/homes/85005659

    720 Maine Avenue Long Beach, CA 90813

    • Price: $1,880,000
    • Status: Closed
    • Updated: 47 min ago
    • ID#: PW18151833
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    7,068
    SQFT
    $0
    $/SQFT
    1965
    Built
    Neighborhood:
    Downtown (Dt)
    County:
    Los Angeles
    Area:
    4 - Downtown Area, Alamitos Beach
    Property Description
    1960's construction in prime Downtown Long Beach location! First time on the market in 15 years! 8 Units with a great unit mix of 2- 3bedroom/2bath and 6- 2bedrooms/1bath. 10 garages plus additional parking! Long term month to month tenants with huge upside in rents! NO Rent control in the city. Separately metered for electric. Seller pays water and trash only.
    Exterior Features

    Garage Spaces 10.00 Lot Features 6-10 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 10.00 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 Heating Radiant Heating YN Yes Laundry Features Community Levels Two

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 4.96 Community Features Sidewalks Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 143400.00 Gross Multiplier 13.00 Gross Scheduled Income 143400.00 Insurance Expense 0.00 Land Lease YN No Laundry YN Yes Net Operating Income 93210.00 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 8 Operating Expense 50190.00 Professional Management Expense 0.00 Rent Control YN No Senior Community YN No Special Listing Conditions Standard Subdivision Name Other Downtown (Dt) Tenant Pays ElectricityGas Total Actual Rent 11950.00 Total Expenses 0.00 Trash Expense 0.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor Zoning Lbpd10

    Listing provided courtesy of Kristina Moore of Coldwell Banker Coastal Alliance.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-12T19:30:11.323. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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