$1,804,888
$1,799,888
0.3%For more information regarding the value of a property, please contact us for a free consultation.
510 E Pleasant ST Long Beach, CA 90805
8,276 Sqft Lot
Key Details
Sold Price $1,804,888
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision North Long Beach (Nlb)
MLS Listing ID PW20224133
Sold Date 12/01/20
HOA Y/N No
Year Built 1963
Annual Tax Amount $23,240
Tax Year 2021
Lot Size 8,276 Sqft
Acres 0.19
Property Description
Take advantage of this great opportunity on this 9-Unit apartment building on the border of Bixby Knolls in North Long Beach. The 9-Units are currently ALL rented, paying rent and professionally managed. Amazing 12.3 GRM based on current rents and garage/parking/laundry income.
Seven(7) two-bedroom/one-bathroom units and Two(2) one-bedroom/one-bathroom units; all separately metered for gas and electric. Some units have been updated as they have come available. Currently about 6 units below market rent. Room to increase! Current rents, parking and laundry income is producing $146,394 GSI. Five major upgrades over the past 18 months including: New roof; New exterior paint; New dual-pane vinyl windows; New water heater and New landscaping with automatic sprinklers. Private courtyard area with grass and picnic table area. On-site laundry room as well as 4 garages and 2 carport parking spaces which also earn added income. The perfect value for taking advantage of today's record low interest rates while they last. Please do not disturb tenants.
Location
State CA
County Los Angeles
Area 7 - North Long Beach
Zoning LBR4R
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Heating Wall Furnace
Flooring Carpet, Laminate, Tile
Fireplace No
Laundry Common Area
Exterior
Garage Door-Single, Garage, One Space, See Remarks
Garage Spaces 4.0
Carport Spaces 2
Garage Description 4.0
Fence Security
Pool None
Community Features Street Lights, Sidewalks
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Y/N No
View None
Roof Type Composition
Parking Type Door-Single, Garage, One Space, See Remarks
Total Parking Spaces 6
Private Pool No
Building
Lot Description Sprinkler System
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7130016019
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Financing Conventional
Special Listing Condition Standard
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Bought with Joseph Soaris • Keller Williams Silicon Beach