Description
New Price! Take advantage of this great opportunity on this 10-Unit apartment building just north of Bixby Knolls in North Long Beach. Brand-new dual pane vinyl windows just installed throughout, over $30k spent, entire exterior building just painted, over $10k spent. Eight (8) One bedroom/one-bathroom units and One (1) Two-bedroom/one-bathroom unit, and One (1) Studio; all separately metered for gas and electric. Some units have been updated as they have come available. Room to increase rents on several units! $174,254 GSI with rents, parking and laundry income. Private courtyard area with grass area, sprinklers and professionally landscaped. On-site laundry room as well as 7 garages which earn added income. Studio unit per tax records, is not permitted as a unit. If buyer desires to permit it after purchase, plans are provided to convert studio and 1 garage space, to a 516 sq/ft ADU. Also included are additional plans to convert 3 additional garage spaces to 697 sq/ft ADU making 57th Street a 11-unit building. Please do not disturb the tenants.
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0BEDS
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0.15ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
New Price! Take advantage of this great opportunity on this 10-Unit apartment building just north of Bixby Knolls in North Long Beach. Brand-new dual pane vinyl windows just installed throughout, over $30k spent, entire exterior building just painted, over $10k spent. Eight (8) One bedroom/one-bathroom units and One (1) Two-bedroom/one-bathroom unit, and One (1) Studio; all separately metered for gas and electric. Some units have been updated as they have come available. Room to increase rents on several units! $174,254 GSI with rents, parking and laundry income. Private courtyard area with grass area, sprinklers and professionally landscaped. On-site laundry room as well as 7 garages which earn added income. Studio unit per tax records, is not permitted as a unit. If buyer desires to permit it after purchase, plans are provided to convert studio and 1 garage space, to a 516 sq/ft ADU. Also included are additional plans to convert 3 additional garage spaces to 697 sq/ft ADU making 57th Street a 11-unit building. Please do not disturb the tenants.
Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-05T10:29:20.113. 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 Group - Brokered by EXP. Licensed in the State of California, USA.