63 65th Place

    Long Beach, CA 90803
    • $2,399,000
    • STATUS: Active
    • ON SITE: 247 days
    • ID#: PW19061333
    UPDATED: 57 min ago
    $2,399,000
    • 0
      BEDS
    • 0.06
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,000
      SQFT
    • $600
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1928
    County:

    School Ratings & Info

    Description

    Combining Waterfront Lifestyle and Investment! Huge Owners Penthouse with FANTASTIC BAY VIEW AND PEEK-A-BOO OCEAN VIEW!!! Let your tenants make your payment and then retire on the income from the 4 apartments! Only steps from the Bay, Yacht Club or the Beach! Paddle your Kayak or Paddle Board through Naples Canals & Alamitos Bay and Stop for Brunch at 'Schooner or Later', or Refreshments at Ballast Point, The Boat House or The Crab Shack. Surf, Paddle, Kite Surf or Enjoy Amazing Sunsets on the Uncrowded Beach! Enjoy the Eclectic 2nd Street Shopping and Night Life too! Easy to Rent!!! Great Cash Flow Investment with a possible $6300/mo coming in from the 4 Units, and a possible $3,800 from the Penthouse! Occupants share/pay 100% of ALL Utilities! 63 65th Place-1705 sqft Penthouse $3,800/mo., 65-795 sqft-1 bedroom $1800/mo. 65A-425 spft-Studio $1,200/mo., 65B-510 sqft-1 Bedroom $1,650/mo., and 65C-555 sqft-1 Bedroom $1,650/mo for a Total of 4,010 sqft and over $10,000/Mo . If Owner lives in Penthouse, income is still great at $6100/mo. Close to freeways, shopping, restaurants, and entertainment!

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-22T07:27:51.61. 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/92851371

    63 65th Place Long Beach, CA 90803

    • Price: $2,399,000
    • Status: Active
    • Updated: 57 min ago
    • ID#: PW19061333
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.06
    Acres
    4,000
    SQFT
    $600
    $/SQFT
    1928
    Built
    Neighborhood:
    Peninsula (Pi)
    County:
    Los Angeles
    Area:
    1 - Belmont Shore/Park,Naples,Marina Pac,Bay Hrbr
    Property Description
    Combining Waterfront Lifestyle and Investment! Huge Owners Penthouse with FANTASTIC BAY VIEW AND PEEK-A-BOO OCEAN VIEW!!! Let your tenants make your payment and then retire on the income from the 4 apartments! Only steps from the Bay, Yacht Club or the Beach! Paddle your Kayak or Paddle Board through Naples Canals & Alamitos Bay and Stop for Brunch at 'Schooner or Later', or Refreshments at Ballast Point, The Boat House or The Crab Shack. Surf, Paddle, Kite Surf or Enjoy Amazing Sunsets on the Uncrowded Beach! Enjoy the Eclectic 2nd Street Shopping and Night Life too! Easy to Rent!!! Great Cash Flow Investment with a possible $6300/mo coming in from the 4 Units, and a possible $3,800 from the Penthouse! Occupants share/pay 100% of ALL Utilities! 63 65th Place-1705 sqft Penthouse $3,800/mo., 65-795 sqft-1 bedroom $1800/mo. 65A-425 spft-Studio $1,200/mo., 65B-510 sqft-1 Bedroom $1,650/mo., and 65C-555 sqft-1 Bedroom $1,650/mo for a Total of 4,010 sqft and over $10,000/Mo . If Owner lives in Penthouse, income is still great at $6100/mo. Close to freeways, shopping, restaurants, and entertainment!
    Exterior Features

    Direction Faces East Entry Level 1 Garage Spaces 0.00 Lot Features Cul-De-SacNear Public Transit Lot Size Source Assessor Lot Size Units Square Feet Parking Features Street Parking Total 0.00 Parking YN No Pool Features None Pool Private YN No Property Attached YN Yes View BayPeek-A-Boo View YN Yes

    Interior Features

    Average Studio Area 425 Average Studio Area Units Square Feet Average1 Bed Area 620 Average1 Bed Area Units Square Feet Average2 Bed Area 1700 Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features Common AreaInside Levels Two

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 3.24 Community Features CurbsSidewalksStreet Lights Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 121500.00 Gross Multiplier 20.50 Gross Operating Income 9900.00 Gross Scheduled Income 10100.00 Insurance Expense 2400.00 Land Lease YN No Laundry YN Yes Maintenance Expense 1000.00 Net Operating Income 7065.00 New Construction YN No New Taxes Expense 30610.00 Number Of Separate Electric Meters 1 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Number Of Units Leased 4 Number With Range 5 Operating Expense 2835.00 Professional Management Expense 0.00 Property Sub Type Apartment Rent Control YN No Security Features Carbon Monoxide Detector(S)Smoke Detector(S) Senior Community YN No Sewer Public SewerSewer Paid Special Listing Conditions Standard Subdivision Name Other Peninsula (Pi) Total Actual Rent 5750.00 Total Expenses 34010.00 Trash Expense 0.00 Vacancy Allowance 200 Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor Zoning Lbr2i

    Listing provided courtesy of Dave Chamberlain of Team Chamberlain Realty Exe.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-22T07:27:51.61. 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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