1452 Pacific Avenue,  Long Beach CA, 90813 (Residential Income)

318,000 sqft
Status: Active
MLS#: PW17234751
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Last Updated: 10/20/2017 12:38 AM
Description for 1452 Pacific Avenue Long Beach, CA 90813
What does everybody want more of downtown? Right...PARKING! How about SIX GARAGES and a driveway that will hold another 4 cars for easy off street parking? The detached bungalow home was built as a 2/1 in 1912 but had a 3rd bedroom added 15 years ago and functions quite well as a 3/1, the tenants have been here over 5 years and enjoy the inside laundry and fenced front yard. The back unit is detached as well and was built in 1927 but remodeled a few years ago with granite counters in the kitchen and tile floors and tile shower surround in the bathroom. The two attached 2/1 apts. over the garages were built in 1985 and need a little TLC but the tenants have been there forever and are quite happy with their homes. This is a very stable unit and tenant mix that has delivered year over year for the owners who acquired it in 2003. The front property had the wood siding removed and replaced with long lasting and low maintenance concrete siding. Everything about this one is a winner: Upside in rents, more garages than units, more parking spaces than adult tenants, very long term tenants keeps the cash flowing as a good cash cow should! Don't let another good one get away from you again, Please run your numbers and then run to send us your offer.
Price
$900,000
Los Angeles
318,000 (approx)
PW17234751
Active
Description
What does everybody want more of downtown? Right...PARKING! How about SIX GARAGES and a driveway that will hold another 4 cars for easy off street parking? The detached bungalow home was built as a 2/1 in 1912 but had a 3rd bedroom added 15 years ago and functions quite well as a 3/1, the tenants have been here over 5 years and enjoy the inside laundry and fenced front yard. The back unit is detached as well and was built in 1927 but remodeled a few years ago with granite counters in the kitchen and tile floors and tile shower surround in the bathroom. The two attached 2/1 apts. over the garages were built in 1985 and need a little TLC but the tenants have been there forever and are quite happy with their homes. This is a very stable unit and tenant mix that has delivered year over year for the owners who acquired it in 2003. The front property had the wood siding removed and replaced with long lasting and low maintenance concrete siding. Everything about this one is a winner: Upside in rents, more garages than units, more parking spaces than adult tenants, very long term tenants keeps the cash flowing as a good cash cow should! Don't let another good one get away from you again, Please run your numbers and then run to send us your offer.
Listing Information
Property Type: Cluster, Bungalow, Traditional, 2 Story
0.17 Acres 7,500 sq.ft. 318,000 (approx)
$283.02 1985
Yes- 6 spaces 2
Concrete, Stucco
4 Total
Neighborhood
Room Information
Inside
Interior Features
Window/Wall Unit, Ceiling Fan(s)
Wall Unit
No Fireplace
Mirrored Closet Door(s), Granite Counter Top, Laminate Counter
Exterior / Lot Features
6 Garage Spaces, 6 Parking Spaces, No Parking, Driveway, Garage
Stucco, Concrete
Composition
None
No Pool
LBR4R
Chain Link, Wood
Urban
Driving Directions
Between PCH and Anaheim on the east side of Pacific Ave.
Financial Considerations
7269006010
$60,672 Income ,$19,401Expense
Listing Price History

Long Beach Real Estate

Long Beach is located in California. Long Beach, California 90813 has a population of 474,140.

The median household income in Long Beach, California 90813 is $52,944. The median household income for the surrounding county is $55,870 compared to the national median of $53,482. The median age of people living in Long Beach 90813 is 34 years.

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Courtesy: Jack Tanner - Beach Cities Properties, Inc. Jack Tanner
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Information is deemed reliable but is not guaranteed.

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