CA > Long Beach > Eastside (Es)
Long Beach, CA 90813,816 Alamitos AVE
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Long Beach, CA 90813,816 Alamitos AVE
Long Beach, CA 90813,816 Alamitos AVE
Long Beach, CA 90813,816 Alamitos AVE
Long Beach, CA 90813,816 Alamitos AVE
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Rick Lee

Rick Lee

+1(714) 943-1598
$ 1,450,000
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816 Alamitos AVE Long Beach, CA 90813

6,481 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Subdivision Eastside (Es)

MLS Listing ID SB25066385

HOA Y/N No

Year Built 1922

Lot Size 6,481 Sqft

Property Sub-Type Quadruplex

Property Description

This large 3 building campus of a 4 unit property is one block North of Downtown Long Beach and Alamitos Beach. One 5 bed/1 bath house, one 4 bed/2 bath house, and two 3 bed/1 bath apartments on a 6483 square foot lot. Lowest GRM and best income 4 unit for sale in the whole city of Long Beach at 11.8X GRM on actuals and 11.4X GRM on market rents, and is only 8 blocks to the beach and Pacific Ocean. Low expense property separately metered for gas and electric. Well maintained and professionally managed in a dense, high demand rental market. The property is close to St Mary's hospital and Long Beach Community College plus numerous other job centers in the area. Per Costar, 61% of households within a 5 mile radius are renters with an average household income of over $98,000.

Location

State CA

County Los Angeles

Area 3 - Eastside, Circle Area

Zoning LBR4N

Interior

Heating Wall Furnace

Cooling None

Flooring Laminate, Tile

Fireplaces Type None

Fireplace No

Appliance Gas Oven, Gas Range

Laundry None

Exterior

Parking Features None

Fence Block, Wood, Wrought Iron

Pool None

Community Features Urban

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N No

View None

Roof Type Composition,Flat

Accessibility None

Private Pool No

Building

Lot Description Rectangular Lot

Faces West

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7267025031

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Anthony Walker • Buckingham Investments, Inc • 310-561-4776
agent

Rick Lee

Team Leader | License ID: 02130981

+1(714) 943-1598

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