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126 Esperanza Avenue

Long Beach, CA 90802
  • $1,500,000
  • STATUS: Active Under Contract
  • ON SITE: 68 days
  • ID#: PW21106565
Under Contract
$1,500,000
  • 0
    BEDS
  • 0.05
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1925
County:

School Ratings & Info

Description

Located in the heart of Alamitos Beach, we are pleased to present this opportunity to own The Esperanza Apartments. This property includes four large 900 sqft 1-bedroom / 1-bathroom units, prime for a conversion into 2-bedroom units and a laundry room. 126 Esperanza is a few blocks from Downtown Long Beach and two blocks from the beach. With a walk score of 90, this is the most walkable zip code in Long Beach. Your tenant base will enjoy a short distance to amazing restaurants like Ellies, 555 East American Steakhouse, and The Plunge in addition to an awesome nightlife at bars like Black Long Beach, The Blind Donkey, and much more. The property has beautiful original hardwood floors, tiled fireplaces, wood built-ins, and aesthetic period detailing. The owner meticulously maintained the property's features and recently installed copper plumbing throughout the building as well as a large portion of new windows. Finally, the laundry room is a separate room above the building with coin laundry which provides additional income.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-08-01T00:28:22.747. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty. Licensed in the State of California, USA.
www.twissrealty.com/homes/117551346
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126 Esperanza Avenue Long Beach, CA 90802

  • Price: $1,500,000
  • Status: Active Under Contract
  • ID#: PW21106565
0
Beds
0
Baths
0
½ Baths
0.05
Acres
1925
Built
Neighborhood:
Alamitos Beach (Ab)
County:
Los Angeles
Area:
4 - Downtown Area, Alamitos Beach
Property Description
Located in the heart of Alamitos Beach, we are pleased to present this opportunity to own The Esperanza Apartments. This property includes four large 900 sqft 1-bedroom / 1-bathroom units, prime for a conversion into 2-bedroom units and a laundry room. 126 Esperanza is a few blocks from Downtown Long Beach and two blocks from the beach. With a walk score of 90, this is the most walkable zip code in Long Beach. Your tenant base will enjoy a short distance to amazing restaurants like Ellies, 555 East American Steakhouse, and The Plunge in addition to an awesome nightlife at bars like Black Long Beach, The Blind Donkey, and much more. The property has beautiful original hardwood floors, tiled fireplaces, wood built-ins, and aesthetic period detailing. The owner meticulously maintained the property's features and recently installed copper plumbing throughout the building as well as a large portion of new windows. Finally, the laundry room is a separate room above the building with coin laundry which provides additional income.
Exterior Features

Architectural Style Spanish Direction Faces West Entry Level 1 Entry Location In Front Foundation Details Raised Lot Features 0-1 Unit/AcreCorner Lot Number Of Separate Electric Meters 4 Parking Features None Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved Roof Flat View Neighborhood View YN Yes Waterfront Features Across The Road From Lake/Ocean

Interior Features

Common Walls 2+ Common Walls Fireplace Features Living Room Fireplace YN Yes Flooring Wood

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 4.1 Common Interest None Community Features BikingCurbsGutter(S)Storm Drain(S)Street LightsSidewalksUrban Disclosures Rent Control Electric Expense 346 Garage YN No Gross Income 87852 Gross Scheduled Income 87852 Insurance Expense 1500 Land Lease YN No Laundry Features Common AreaLaundry Room Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventional1031 ExchangeVa Loan Maintenance Expense 1000 Net Operating Income 61496 New Construction YN No New Taxes Expense 18750 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Number Of Units Leased 4 Operating Expense 26356 Other Expense 700 Property Condition Turnkey Property Sub Type Quadruplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGasTrash Collection Total Actual Rent 7211 Trash Expense 0 Utilities Cable ConnectedElectricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedWater Connected Water Sewer Expense 300 Water Source Public Zoning Lbr4r

Listing provided courtesy of Juan Huizar of Sage Real Estate and Caleb Baldwin of Sage Real Estate


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-08-01T00:28:22.747. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty. Licensed in the State of California, USA.
 
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