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

4,096 sqft
Status: Sold
MLS#: OC15085749
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Last Updated: 12/9/2016 2:47 AM
Description for 842 Alamitos Avenue Long Beach, CA 90813
The subject property consists of a 12 unit single story apartment complex located in close proximity to Downtown Long Beach. The complex sits on a 8,978 square foot lot, and features Ten - One Bedroom / One Bathroom units and Two – Two Bedroom / One Bathroom units. Additionally, the property has an owned on-site laundry facility, and off street parking spaces available. Waste lines have been replaced, and a new hi-tech surveillance security system has been installed. New ownership will benefit from these recent upgrades, and will capitalize on a potential 13% +/- increase in income. Situated in Long Beach at the intersection of Alamitos Avenue and Tenth Street, this property is just minutes from the Port of Long Beach, one of the largest shipping ports in the world. Long Beach additionally features a large oil industry with wells both on-shore and off-shore. Robust manufacturing sectors include aircraft, car parts, electronics, audio visual equipment, and home furnishings. Long Beach is the Second largest city within the Greater Los Angeles area, and is the 36th largest city of the United States.
Price
Sold Price:
$1,100,000
Sold Date:07/02/2015
Los Angeles
4,096 (approx)
OC15085749
Closed
Description
The subject property consists of a 12 unit single story apartment complex located in close proximity to Downtown Long Beach. The complex sits on a 8,978 square foot lot, and features Ten - One Bedroom / One Bathroom units and Two – Two Bedroom / One Bathroom units. Additionally, the property has an owned on-site laundry facility, and off street parking spaces available. Waste lines have been replaced, and a new hi-tech surveillance security system has been installed. New ownership will benefit from these recent upgrades, and will capitalize on a potential 13% +/- increase in income. Situated in Long Beach at the intersection of Alamitos Avenue and Tenth Street, this property is just minutes from the Port of Long Beach, one of the largest shipping ports in the world. Long Beach additionally features a large oil industry with wells both on-shore and off-shore. Robust manufacturing sectors include aircraft, car parts, electronics, audio visual equipment, and home furnishings. Long Beach is the Second largest city within the Greater Los Angeles area, and is the 36th largest city of the United States.
Listing Information
Property Type: Cluster, 1 Story
0.21 Acres 8,979 sq.ft. 4,096 (approx)
1923 Yes- 8 spaces
1
Public Water Service
Sewer at Street
12 Total
Neighborhood
Room Information
Exterior / Lot Features
8 Garage Spaces, 8 Parking Spaces
None
No Pool
Sidewalks, Curbs Walk
Financial Considerations
7267025028
$15,388
$114,600 Income ,$40,864Expense
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: Pat Swanson Pat Swanson
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