$1,325,000
$1,395,000
5.0%For more information regarding the value of a property, please contact us for a free consultation.
757 Redondo AVE Long Beach, CA 90804
6,534 Sqft Lot
Key Details
Sold Price $1,325,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Eastside (Es)
MLS Listing ID RS19139902
Sold Date 08/06/19
HOA Y/N No
Year Built 1956
Lot Size 6,534 Sqft
Acres 0.15
Property Description
Turn-key fourplex not subject to rent control. Priced at an in-place 5.0% cap rate with additional upside in rent. Built in 1925, the front duplex consists are Two large 2 Bed + 1 Bath units with in-unit washer dryers. The rear duplex was built in 1956 and consists of Two spacious 1 Bed + 1 Bath units above Four one car garages. All four units have been extensively renovated with modern high end finishes, wood laminate flooring, custom tile work in bathrooms, white shaker cabinets, quartz counters and custom light fixtures throughout. Exterior improvements include a new roof on the rear duplex, all new dual pane vinyl windows, drought tolerant landscaping, new sod in front yards, new fencing and modern two-tone paint. The property presents a unique opportunity to purchase a low maintenance, turn-key asset with great in place cash flow in a non-rent controlled market.
Location
State CA
County Los Angeles
Area 3 - Eastside, Circle Area
Zoning LBCNR
Rooms
Ensuite Laundry Electric Dryer Hookup, Gas Dryer Hookup
Interior
Laundry Location Electric Dryer Hookup,Gas Dryer Hookup
Fireplace No
Laundry Electric Dryer Hookup, Gas Dryer Hookup
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Storm Drain(s), Street Lights, Sidewalks, Urban, Park
Total Parking Spaces 4
Private Pool No
Building
Lot Description Level, Near Park, Near Public Transit, Yard
Story 1
Entry Level One,Two
Sewer Public Sewer
Water Public
Level or Stories One, Two
New Construction No
Others
Senior Community No
Tax ID 7258022011
Acceptable Financing Cash, Cash to New Loan, Conventional, FHA
Listing Terms Cash, Cash to New Loan, Conventional, FHA
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Andrew McAllister • Nationwide Real Estate Execs
The Wilkas Group - Lenore & Alexander Wilkas
Real Estate Advisors | License ID: 01343201 & 01355442