4307 E 1st Street

    Long Beach, CA 90803
    • $1,600,000
    • STATUS: Active
    • ON SITE: 161 days
    • ID#: TR19130735
    UPDATED: 56 min ago
    $1,600,000
    • 0
      BEDS
    • 0.07
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,152
      SQFT
    • $508
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1924
    County:

    School Ratings & Info

    Description

    Great investment opportunity in the desirable neighborhood of Belmont Shore, walking distance to the ocean. This building offers 5 units. On site laundry and two garages with storage This property has pride of ownership written all over it. This property has a lot to offer, updated windows, updates throughout the building.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-13T09:31:08.993. 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/95520492

    4307 E 1st Street Long Beach, CA 90803

    • Price: $1,600,000
    • Status: Active
    • Updated: 56 min ago
    • ID#: TR19130735
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.07
    Acres
    3,152
    SQFT
    $508
    $/SQFT
    1924
    Built
    Neighborhood:
    Belmont Shore (Bsd)
    County:
    Los Angeles
    Area:
    1 - Belmont Shore/Park,Naples,Marina Pac,Bay Hrbr
    Property Description
    Great investment opportunity in the desirable neighborhood of Belmont Shore, walking distance to the ocean. This building offers 5 units. On site laundry and two garages with storage This property has pride of ownership written all over it. This property has a lot to offer, updated windows, updates throughout the building.
    Exterior Features

    Garage Spaces 2.00 Lot Features 2-5 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Features GarageGarage Faces Side 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 1 Common Wall Laundry Features Community Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 4.00 Community Features Sidewalks Country Us Electric Expense 300.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 78900.00 Gross Scheduled Income 78900.00 Insurance Expense 1647.00 Land Lease YN No Laundry YN Yes Net Operating Income 63249.73 New Construction YN No New Taxes Expense 6972.00 Number Of Separate Electric Meters 5 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Number Of Units Leased 5 Operating Expense 15650.20 Professional Management Expense 4560.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Belmont Shore (Bsd) Tenant Pays Cable TvElectricity Total Actual Rent 6575.00 Total Expenses 15650.27 Trash Expense 500.00 Water Sewer Expense 2175.00 Water Source Public Year Built Source Public Records Zoning Lbr4r

    Listing provided courtesy of Chloe Cruz of Keller Williams Premier Prop and Johnathan Chao of Keller Williams Premier Prop


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-13T09:31:08.993. 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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