See all 11 photos
11 photos
$2,140,000
$2,169,000 1.3%
Est. payment /mo
12 Beds
12 Baths
6,402 SqFt
UPDATED:
Key Details
Sold Price $2,140,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 6,402 sqft
Price per Sqft $334
MLS Listing ID 25543757
Sold Date 11/13/25
Bedrooms 12
HOA Y/N No
Year Built 1948
Property Description
PRICED TO SELL. 9.4 GRM AND 7.0% CAP against in-place rents with upside to 7.7% CAP. 12 units (all 1+1's) located blocks from downtown Long Beach. Well-maintained and professionally managed property. Property is subject to AB 1482 Rent Control (5% + CPI increase allowed). Exterior and all interiors were updated in 2019. No onsite parking. There is an on-site laundry room that is currently not being used. Qualified Buyers can put as little as 25% down. Loan quote provided by David Guevara. Momenta Capital Group. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Zoning LBR4N
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Parking Features None
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7269041020
Special Listing Condition Standard
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Listed by Jonathan Swire The Agency
Bought with Anthony Walker Buckingham Investments, Inc
Bought with Anthony Walker Buckingham Investments, Inc
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