PRICE REDUCTION--EAST SIDE/CIRCLE LOCATION. 1963 built balcony style. All Units are 2-bedroom/1 bath. Amenities include laundry facility, 4- garages and one carport, Close to shopping centers, 405, 605 and 710 freeways and minutes to the beach. GREAT POTENTIAL UP SIDE IN UNIT AND GARAGE RENTS. Actual unit income shown ($104,340). Pro Forma Annual Income $124,500. (Buyer to investigate pro forma market rents). PLEASE DO NOT DISTURB TENANTS OR WALK ON PROPERTY. DRIVE BY ONLY PLEASE. THANK YOU!!!
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10 Bungalow Style units (2) 4 bedrooms 1 bath, (6) 3 bedrooms 1 bath and (2) 2 bedrooms 1 bath . Three have enclosed patios. One has a large roof top sun deck. Gas and Electric are individually metered. Two separate lots five units each. Located in a strong rental area. Property has an excellent assumable loan.
8 Unit Building in a Great Part of Wrigley. Large 1 Bedroom Units. Building has Been Meticulously Maintained By Current Owners - Newer Exterior Paint and All Units Have Newer Paint and Flooring. . Separately Metered For Both Gas and Electric. Great Building to Add to Your Portfolio! Long Beach Has No Rent Control. Tax Rolls Have 2 Units as Singles (624 sq ft) But are Very Large and Operate as 1 Bedrooms. Stable Tenant Base - With Definite Upside Rent Potential. Rents Are Actual and Expenses are Estimated.
Two properties side by side being sold together includes APN # 7209-004-023 & 024. 1915 Atlantic is a 12 unit apartment building with appro. 4,870 SF of improvements on approx. 5648 SF of land. 1909 Atlantic is a commercial bldg. with approx. 1,324 SF of improvements on approx. 5,626 SF of land. Both combined you have approx. 6,194 SF of improvements on approx. 11,274 land. Each property is on a separate parcel. The 12 unit building has separate meters for gas and electric as well as the commercial building. There is a single garage unit attached to the apartment building that is being used for storage and the commercial building appears to have approx. 8-10 additional parking spaces. The apartment building has a new hot water heater and circulator pump type system. This propety is being sold in AS-IS condition. Income and operating expenses are estimated and proforma and buyers to verify. Do not disturb the tenants.
This fourplex is located in the Circle area of Long Beach, only several blocks from Recreation Park & Golf Course, Community Hospital and Wilson High School. This street does not get a lot of through traffic and is very quiet as this section of Euclid angles to Grand, because of the Greenbelt, before hitting 10th. There is a community garden at the greenbelt. The property has one 3BR, 2BA unit in front with a fireplace plus three 2BR, 1BA units, 5 garages and a community laundry. Rents are close to market with the exception of one very long term tenant who is well below market rent and is due for a generous increase. The property shows good cash flow with 25% down (about $1,575 PI). For for an owner occupant with 20% down, their estimated cost to live in the 3BR unit would be about $625/mo PI (4.5% APR). Call for details. Drive by, subject to inspection.
Two on a lot! The front, 3 unit building has two, 2 bedroom units and a top floor 1bedroom unit over the car port. All three units have comfortable open floor plans, floor to ceiling closets in the bedrooms and covered off street parking. The separate 2 bedroom home on the back of the property has a new kitchen, flooring and paint plus a 2 car garage with electric opener.
Good rental location close to Recreation Park, tennis courts, golf course, beaches and public transportation. There are inside photos of all units for your review.