725 E Artesia Boulevard

    Long Beach, CA 90805
    • $770,000
    • STATUS: Closed
    • ON SITE: 282 days
    • ID#: CV18027525
    Sold - 10/02/2018
    $770,000
    SOLD - 10/02/2018
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,522
      SQFT
    • $139
      $/SQFT
    Neighborhood:
    North Long Beach (Nlb)
    Type:
    Multi-Family
    Built:
    1960
    County:
    Los Angeles
    Area:
    7 - North Long Beach

    School Ratings & Info

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    Description

    725 E Artesia Blvd consists of one storefront retail unit and five apartment units. Located on a well trafficked corridor with great visibility and convenient access to the 710 and 91 Freeways. The property offers stable income with immediate potential to increase the rents. The property has been well maintained but presents an opportunity to improve building aesthetics enabling an investor to capitalize on market rents and high rental demand after renovation.

    Sold by Tim Steuernol of Nai Capital, Inc..

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-15T17:39:41.57. 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/80532135

    725 E Artesia Boulevard Long Beach, CA 90805

    • Price: $825,000
    • Status: Closed
    • Updated: 47 min ago
    • ID#: CV18027525
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    5,522
    SQFT
    $139
    $/SQFT
    1960
    Built
    Neighborhood:
    North Long Beach (Nlb)
    County:
    Los Angeles
    Area:
    7 - North Long Beach
    Property Description
    725 E Artesia Blvd consists of one storefront retail unit and five apartment units. Located on a well trafficked corridor with great visibility and convenient access to the 710 and 91 Freeways. The property offers stable income with immediate potential to increase the rents. The property has been well maintained but presents an opportunity to improve building aesthetics enabling an investor to capitalize on market rents and high rental demand after renovation.
    Exterior Features

    Garage Spaces 4.00 Lot Features 6-10 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 4.00 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 None Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 5.66 Community Features Urban Country Us Electric Expense 650.00 Elevation Units Feet Fuel Expense 750.00 Gross Income 73140.00 Gross Multiplier 11.28 Gross Scheduled Income 73140.00 Insurance Expense 2485.00 Land Lease YN No Laundry YN No Net Operating Income 46666.00 New Taxes Expense 11575.00 Number Of Separate Electric Meters 5 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 1 Operating Expense 24946.00 Professional Management Expense 3657.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other North Long Beach (Nlb) Total Expenses 25803.00 Trash Expense 375.00 Water Sewer Expense 1750.00 Water Source Public Zoning Lbcca

    Listing provided courtesy of Tim Steuernol of Nai Capital, Inc..


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-15T17:39:41.57. 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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