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Key Details
Sold Price $975,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Wrigley Area (Wr)
MLS Listing ID PW14159318
Sold Date 02/27/15
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1946
Lot Size 6,490 Sqft
Property Description
8 unit building in great part of Wrigley. Large 1 bedroom units. Building has been meticulously maintained by current owners - no deferred maintenance. Newer exterior paint, interior paint, flooring and landscaping. Separately metered for both gas and electric. Great building to add to your portfolio. Laundry income via seller's own machines. Long Beach has no rent control. Tax rolls state 2 singles, but are very large (625 sq ft) and operate as 1 bedrooms. Stable tenant base w/ definite upside rent potential. Rents are actual, expenses are estimated. Great building to add to your portfolio! Proforma numbers are: $950/unit - $7700/mo - $92,400/yr. Proforma GRM = 10.82, Proforma Cap = 6.7%
Location
State CA
County Los Angeles
Area 5 - Wrigley Area
Interior
Interior Features Ceiling Fan(s), Ceramic Counters
Flooring Carpet, Tile
Fireplace No
Appliance Free-Standing Range
Laundry Common Area
Exterior
Garage Garage
Pool None
Community Features Curbs, Gutter(s)
Utilities Available Sewer Available
Parking Type Garage
Total Parking Spaces 1
Private Pool No
Building
Story 2
Entry Level Two
Water Public
Level or Stories Two
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 7205016005
Acceptable Financing Cash, Cash to New Loan, Submit
Listing Terms Cash, Cash to New Loan, Submit
Financing Cash
Special Listing Condition Standard
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Bought with Steven Bogoyevac • Steven M. Bogoyevac, Broker
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