$1,550,000
$1,650,000
6.1%For more information regarding the value of a property, please contact us for a free consultation.
1241 W 19th ST Long Beach, CA 90810
Key Details
Sold Price $1,550,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Westside/South Of Willow (Wsw)
MLS Listing ID OC18083153
Sold Date 07/23/18
HOA Y/N No
Year Built 1956
Property Description
This well maintained 7 unit income property has one 3 bedroom, 3 bath unit, two 3 bedroom, 1 bath units, three 2 bedroom, 1 bath units and one 1 bedroom, 1 bath unit - all are turn-key. This property is comprised of 3 buildings on a large 10, 114 s/f, fenced, corner lot. The 3 Addresses for this property at 1901 Gale Street with 4 units, 1909 Gale Street with 1 unit above 3 garages and 1241 West 19th Street with 2 units and 1 garage. This property is freeways and public transportation close. There are 4 garages on the property with plenty of additional onsite parking. Each unit has their own water heater as well as gas and electric meters. There is a laundry room on the property for an added monthly income. New roofs were installed on all 3 buildings in 2016. All repairs are up to date on all units with no deferred maintenance, several units had new carpet installed within the last year. There are no vacancies with long term tenants. The City of Long Beach is currently experiencing major redevelopment. The Long Beach Port is undergoing a large (estimated at over $4 billion) redevelopment that will create 14,000 new and permanent jobs in Southern California. The Long Beach market has always enjoyed strong rental growth and with this redevelopment it seems this will continue for years to come. That being said this complex has the potential to make more than it actually does.
Location
State CA
County Los Angeles
Area 11 - Westside
Zoning LBR2N
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Heating Wall Furnace
Cooling None
Fireplaces Type None
Fireplace No
Laundry Common Area
Exterior
Garage Assigned, Concrete
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Sidewalks
Utilities Available Electricity Connected, Natural Gas Connected
Parking Type Assigned, Concrete
Total Parking Spaces 12
Private Pool No
Building
Lot Description Corner Lot
Story Two
Entry Level Two
Sewer Public Sewer, Sewer Tap Paid
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7431023015
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Cash to Loan
Special Listing Condition Standard
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Bought with Avinash Narang • BRC Advisors, Inc.
The Wilkas Group - Lenore & Alexander Wilkas
Real Estate Advisors | License ID: 01343201 & 01355442