33 Nieto Avenue

    Long Beach, CA 90803
    • $2,650,000
    • STATUS: Active
    • ON SITE: 78 days
    • ID#: PW19205849
    UPDATED: 27 min ago
    $2,650,000
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,289
      SQFT
    • $618
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1947
    County:

    School Ratings & Info

    Description

    33 Nieto Avenue is a seven-unit investment asset located just one block from the ocean in highly desirable Belmont Shore. Built in 1947, 33 Nieto offers seven bright and sizable one-bedroom/one-bath units, a landscaped central courtyard, 2 garages and 2 parking spaces. Ranked the #1 Best Neighborhood for Young Professionals by Niche, Belmont Shore offers residents access to ocean and bay beaches, the bike path that runs through Alamitos Beach to Downtown Long Beach and all of the restaurants, bars and other amenities along 2nd Street. 33 Nieto Avenue provides investors with the opportunity to own an attractive asset with historically high tenant retention rates in one of the most desirable beachside rental markets in Southern California. Living in Belmont Shore offers residents access to ocean and bay beaches, as well as a multitude of restaurants, bars, coffee shops and more along 2nd Street.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-15T13:31:18.323. 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/98427553

    33 Nieto Avenue Long Beach, CA 90803

    • Price: $2,650,000
    • Status: Active
    • Updated: 27 min ago
    • ID#: PW19205849
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    4,289
    SQFT
    $618
    $/SQFT
    1947
    Built
    Neighborhood:
    Belmont Shore (Bsd)
    County:
    Los Angeles
    Area:
    1 - Belmont Shore/Park,Naples,Marina Pac,Bay Hrbr
    Property Description
    33 Nieto Avenue is a seven-unit investment asset located just one block from the ocean in highly desirable Belmont Shore. Built in 1947, 33 Nieto offers seven bright and sizable one-bedroom/one-bath units, a landscaped central courtyard, 2 garages and 2 parking spaces. Ranked the #1 Best Neighborhood for Young Professionals by Niche, Belmont Shore offers residents access to ocean and bay beaches, the bike path that runs through Alamitos Beach to Downtown Long Beach and all of the restaurants, bars and other amenities along 2nd Street. 33 Nieto Avenue provides investors with the opportunity to own an attractive asset with historically high tenant retention rates in one of the most desirable beachside rental markets in Southern California. Living in Belmont Shore offers residents access to ocean and bay beaches, as well as a multitude of restaurants, bars, coffee shops and more along 2nd Street.
    Exterior Features

    Garage Spaces 2.00 Lot Features 6-10 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Features ConcreteGarage Parking Total 2.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features Individual Room

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features SidewalksStreet LightsUrban Country Us Electric Expense 1650.00 Elevation Units Feet Fuel Expense 1650.00 Gardener Expense 1740.00 Gross Income 142694.00 Gross Scheduled Income 150204.00 Insurance Expense 3806.00 Land Lease YN No Laundry YN Yes Licenses Expense 500.00 Maintenance Expense 5100.00 Net Operating Income 92912.00 New Construction YN No New Taxes Expense 54337.00 Number Of Separate Electric Meters 7 Number Of Separate Gas Meters 7 Number Of Separate Water Meters 1 Operating Expense 88949.00 Other Expense 2100.00 Other Expense Description Reserves Pest Control Expense 600.00 Professional Management Expense 14166.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Belmont Shore (Bsd) Total Expenses 88949.00 Trash Expense 1650.00 Water Sewer Expense 1650.00 Water Source Public Year Built Source Assessor Zoning Lbr4r

    Listing provided courtesy of Robert Stepp of Keller Williams Pacific Estate


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-15T13:31:18.323. 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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