$2,999,000 Price Analysis   ♡   Long Beach, CA 90814 17 bed 10 bath 7,741 SqFt ($387/SqFt) 6,796SqFt lot. Built 1963 Listed 2023-12-27, Taxes $24,459 | Ⓧ USDA Ineligible due to price & location near Long Beach |
This well maintained 8-unit complex with obvious pride of ownership is an excellent investment opportunity.
Located in the Alamitos Beach Area, minutes away from the ocean on a nice wide street, it features a 2-story, possible Owner/Manager 3 Bedroom, 3 Bath unit with a private balcony. As well as (7) 2 Bedroom, 1 Bath units. All units are a good size, check out the square footage. There is room to increase the current rental rates. All units feature individual electric meters. A portion of the units have A/C. And most of the units have double pane windows. All units feature garbage disposals. Flooring throughout the complex is as follows: Ceramic tile floors in living, hallway, kitchen and bathrooms area. All Bdrooms have engineered wood floors. The entire complex also has granite countertops in the kitchen and bathrooms. Garages and parking are included on the lot. The composite roof is about 3 years old. Onsite Laundry is also available for your tenants. This well-maintained complex will be a extraordinary income opportunity, allowing an owner to either live on site or provide upgraded accommodations for your property manager. Only 3 blocks away from the Ocean!
This is a great opportunity, come and drive by today!
Presented by Mylene Le Bail at
Keller Williams Pacific Estate.
Property MLS #PW23230333 from CRMLS
Lot Size Acres: 0.1560147
Lot Size Source: Assessor
Lot Size Square Feet: 6796
Parking Features: Parking YN: Yes, Parking Features: Garage Faces Front, Garage Door Opener
Parking Total: 10
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 3
Bedrooms in Unit-5: 2
Bedrooms in Unit-6: 2
Bedrooms in Unit-7: 2
Bedrooms in Unit-8: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 3
Total Bathrooms in Unit-5: 1
Total Bathrooms in Unit-6: 1
Total Bathrooms in Unit-7: 1
Total Bathrooms in Unit-8: 1
Unit-1 Garage Spaces: 1
Unit-2 Garage Spaces: 1
Unit-5 Garage Spaces: 1
Unit-8 Garage Spaces: 1
Tenant Pays: Electricity
County: Los Angeles
Cap Rate: 4.50
Source Property Type: Residential Income
Area: 2 - Belmont Heights, Alamitos Heights
Source Neighborhood: Belmont Heights (BH)
Number of Separate Electric Meters: 8
Number of Separate Water Meters: 1
Parcel Number: 7263006004
Postal Code Plus 4: 2120
Subdivision: Belmont Heights (BH)
Zoning: LBR1N
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $1,017,329 + $901,428 $1,918,757 | $24,459 |
| 2021 | $997,382 + $883,753 $1,881,135 | $23,947 |
| 2020 | $987,156 + $874,692 $1,861,848 | $23,883 |
| 2019 | $967,800 + $857,542 $1,825,342 | $23,604 |
| 2018 | $948,824 + $840,728 $1,789,552 | $22,974 |
| 2017 | $930,220 + $824,244 $1,754,464 | $22,732 |
| 2016 | $911,981 + $808,083 $1,720,064 | $21,113 |
| 2015 | $795,300 + $704,700 $1,500,000 | $18,085 |
| 2014 | $795,300 + $704,700 $1,500,000 | $18,312 |
| 2013 | $636,200 + $563,800 $1,200,000 | $14,509 |
| 2012 | $859,517 + $761,597 $1,621,114 | $19,848 |
| 2010 | $842,664 + $746,664 $1,589,328 | $18,823 |
| 2009 | $838,354 + $742,845 $1,581,199 | $18,733 |
| 2009 | $836,367 + $741,084 $1,577,451 | $18,733 |
| 2008 | $821,916 + $728,280 $1,550,196 | $17,452 |
| 2007 | $805,800 + $714,000 $1,519,800 | $17,014 |
$2,999,000
CRMLS
Sold 2006-06-30
$1,490,000
Public Record
Sold 1981-04-09
$131,000
Public Record
Sold 1978-01-27
$87,500
Public Record
Year Built: 1963
Building Features: 1
Common Walls: No Common Walls
Entry Level: 1
Entry Location: Side
Property Age: 61
Building Total Stories: 2
Structure Type: Commercial/Residential
Year Built Source: Assessor
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.