1059 Alamitos Avenue,  Long Beach CA, 90813 (Residential Income)

2,400 sqft
Status: Sold
MLS#: PW15134292
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Last Updated: 12/2/2016 8:44 PM
Description for 1059 Alamitos Avenue Long Beach, CA 90813
3 Units all 3 bedrooms, 2 baths each! 2 Parking spaces for each unit, one in garage and one open space. Close to Alamitos Beach and Downtown redevelopments. Less than a mile to the ocean. Tremendous value added opportunity simply by raising the extremely low existing rents up to current market levels. All units are currently Tenant occupied, and Sellers are looking for offers subject to interior inspection. Units are small, but nice. 4 year old roof, new exterior paint. Interiors have minor deferred maintenance. Being sold as-is with existing long term Tenants. The future potential for this property is unlimited. Buy all three units for the price of a condo a few blocks down at the beach. Each Unit has its own laundry room or closet. All six bathrooms are full baths except one, which is a three-quarter bath. Every Unit has a master suite. All units have individual balconies. Please respect the Tenants' rights.
Price
Sold Price:
$599,000
Sold Date:08/17/2015
Los Angeles
2,400 (approx)
PW15134292
Closed
Description
3 Units all 3 bedrooms, 2 baths each! 2 Parking spaces for each unit, one in garage and one open space. Close to Alamitos Beach and Downtown redevelopments. Less than a mile to the ocean. Tremendous value added opportunity simply by raising the extremely low existing rents up to current market levels. All units are currently Tenant occupied, and Sellers are looking for offers subject to interior inspection. Units are small, but nice. 4 year old roof, new exterior paint. Interiors have minor deferred maintenance. Being sold as-is with existing long term Tenants. The future potential for this property is unlimited. Buy all three units for the price of a condo a few blocks down at the beach. Each Unit has its own laundry room or closet. All six bathrooms are full baths except one, which is a three-quarter bath. Every Unit has a master suite. All units have individual balconies. Please respect the Tenants' rights.
Listing Information
Property Type: Cluster, 2 Story
0.11 Acres 4,829 sq.ft. 2,400 (approx)
1988 Yes- 3 spaces
2 Stucco
Gas Water Heater, Water Meter, Public Water Servic
Sewer Connected
Cable TV, Electric service available, Natural Gas, Telephone
3 Total
Neighborhood
Room Information
First Floor Bedroom, 1 Master Suite, Master Suite
Hookups in Closet
Interior Features
Range/Oven Free Standing, Gas Range/Cooktop
Carpet Wall to Wall, Carpet and Other, Linoleum
Gas Heat, Wall Unit
Full Copper Plumbing
Cathedral/vaulted Ceiling
Exterior / Lot Features
3 Garage Spaces, 6 Parking Spaces, Assigned Parking Space
Stucco
Balcony
Composition
None
No Pool
LBR4N
Gutters, Sidewalks, Street Lights, Sliding Glass Door, Custom Built, Curbs Walk, Urban
Financial Considerations
7274008026
$35,400 Income ,$10,000Expense
Listing Price History

Long Beach Real Estate

Long Beach is located in California. Long Beach, California 90813 has a population of 463,589.

The median household income in Long Beach, California 90813 is $52,900. The median household income for the surrounding county is $56,241 compared to the national median of $53,046. The median age of people living in Long Beach 90813 is 33.2 years.

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Courtesy: Eastside Realty Services John Sefton
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