$906,000
$962,500
5.9%For more information regarding the value of a property, please contact us for a free consultation.
751 Elm AVE Long Beach, CA 90813
3,484 Sqft Lot
Key Details
Sold Price $906,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Willmore District (Wm)
MLS Listing ID RS18196190
Sold Date 10/10/18
Construction Status Repairs Cosmetic
HOA Y/N No
Year Built 1917
Lot Size 3,484 Sqft
Acres 0.08
Property Description
Classic early 20th century Craftsman 4-plex in up & coming area of North DTLB. Great upside appreciation potential and room for rents to grow! Gross cap rate based on pro forma rents is 8.6%. Total 9 bedrooms & 4 bathrooms, each unit equipped with its own laundry facilities. Fully rented with solid tenants and great ROI. Upgraded plumbing & heating. Separate meters for electric and gas. Close to downtown and freeway access.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Zoning LBPD29
Rooms
Ensuite Laundry Inside, Laundry Room
Interior
Interior Features Ceiling Fan(s), Laminate Counters, Tile Counters
Laundry Location Inside,Laundry Room
Heating Wall Furnace
Cooling None
Flooring Carpet, Laminate, Tile, Vinyl
Fireplaces Type None
Fireplace No
Appliance Gas Range, Range Hood
Laundry Inside, Laundry Room
Exterior
Fence Wood
Pool None
Community Features Curbs, Street Lights, Urban
View Y/N No
View None
Roof Type Asphalt
Private Pool No
Building
Lot Description Rectangular Lot
Faces East
Story 2
Entry Level Two
Foundation Raised
Sewer Public Sewer
Water Public
Architectural Style Craftsman
Level or Stories Two
New Construction No
Construction Status Repairs Cosmetic
Others
Senior Community No
Tax ID 7273020011
Energy Description 876.0
Acceptable Financing Submit
Listing Terms Submit
Financing Conventional
Special Listing Condition Standard
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Bought with Phillip Maranville • Realty ONE Group United
The Wilkas Group - Lenore & Alexander Wilkas
Real Estate Advisors | License ID: 01343201 & 01355442