$1,960,000
$2,019,000
2.9%For more information regarding the value of a property, please contact us for a free consultation.
19 Beds
9 Baths
7,176 SqFt
SOLD DATE : 12/17/2025
Key Details
Sold Price $1,960,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 7,176 sqft
Price per Sqft $273
MLS Listing ID 25543763
Sold Date 12/17/25
Bedrooms 19
HOA Y/N No
Year Built 1962
Property Description
PRICE REDUCED $30K - and PRICED TO SELL. Currently under a 9 GRM and 7.1% CAP with upside to under an 8 GRM and 8.4% CAP. 9 units in Long Beach. Excellent unit mix for the area. Well-maintained and professionally managed property. Property is subject to AB 1482 Rent Control (5% + CPI increase allowed). 4 garages in the rear. On-site laundry. A number of units here are rented to Section 8 and Housing Programs - rents could easily be increased based on Payment Standards for the 90813 zip code. The 4 garages in rear could potentially be converted to ADU's - Buyer to verify. Qualified Buyers can put down as little as 25% on a new loan. Earn over 10% cash on cash against in place rents, and over 15% cash on cash at market. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Zoning LBR4R
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Parking Features Assigned
Total Parking Spaces 4
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7269010037
Special Listing Condition Standard
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Bought with Jonathan Swire The Agency
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