$1,552,500
$1,590,000
2.4%For more information regarding the value of a property, please contact us for a free consultation.
822 E 20th ST Long Beach, CA 90806
Key Details
Sold Price $1,552,500
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Poly High (Ph)
MLS Listing ID RS18088104
Sold Date 06/08/18
HOA Y/N No
Year Built 1926
Property Description
Eight unit Spanish style complex in the City of Long Beach. Unit mix is comprised of (3) 2 Bed / 1 Bath, (4) 1 Bed / 1 Bath & (1) Studio units. Current ownership has made significant interior & exterior improvements over the past two years including upgraded faux wood flooring, granite counters, new cabinets, stainless steel appliances & modernized bathrooms. Exterior improvements include new paint, new roof, concrete patios have been sealed, new vinyl wood plank fencing throughout the property for added privacy & replaced metal hand-railing/remote access gate. This is a stabilized cash flowing assets with realistic upside in rents by remodeling the remaining 4 units as they turn. Market cap rate well over 6.0%.
Location
State CA
County Los Angeles
Area 9 - Poly High
Zoning LBR1N
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Fireplace No
Laundry None
Exterior
Pool None
Community Features Curbs, Gutter(s), Storm Drain(s), Street Lights, Sidewalks, Urban
Total Parking Spaces 2
Private Pool No
Building
Lot Description Paved, Yard
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7210011002
Energy Description 1628.0
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Jeffrey Billinger • The Hills Premier Realty, Inc.
The Wilkas Group - Lenore & Alexander Wilkas
Real Estate Advisors | License ID: 01343201 & 01355442