$855,000
$874,900
2.3%For more information regarding the value of a property, please contact us for a free consultation.
2,178 Sqft Lot
SOLD DATE : 01/04/2021
Key Details
Sold Price $855,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Poly High (Ph)
MLS Listing ID PW20237152
Sold Date 01/04/21
HOA Y/N No
Year Built 1923
Lot Size 2,178 Sqft
Property Description
Welcome to 17th Street Apartments, a restored Four Unit Building in the heart of Long Beach. The owner/user unit was just recently remodeled and is FHA/VA buyer ready. One unit will be delivered vacant. 17th St has oversized units and a new buyer could possibly maximize income by converting existing 1 bedroom to 2 bedroom units, buyer to verify. Building boasts a newer roof which was replaced in March of 2019. Located just 10 mins North of Downtown Long Beach and the Pike with direct access to 710 and 405 freeways. 17th Street has a potential pro forma Cap Rate of 6.4% and potential pro forma GRM of 8.2.
Location
State CA
County Los Angeles
Area 9 - Poly High
Zoning LBCO
Interior
Fireplace No
Laundry None
Exterior
Parking Features None
Pool None
Community Features Curbs
Private Pool No
Building
Lot Description Level
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 7269034007
Acceptable Financing Conventional, 1031 Exchange, FHA, VA Loan
Listing Terms Conventional, 1031 Exchange, FHA, VA Loan
Financing Conventional
Special Listing Condition Standard
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Bought with Anthony Walker • Buckingham Investments, Inc
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REALTOR® | Lic# 02111780