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Key Details
Sold Price $2,195,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Eastside (Es)
MLS Listing ID PW21159158
Sold Date 10/11/21
HOA Y/N No
Year Built 1958
Lot Size 10,053 Sqft
Property Description
We are pleased to present a 7-unit multifamily property. Built in 1958, the subject property, consists of 5,340 rentable square feet spread throughout a 10,055 square foot lot. The building consists of six 2-bedroom / 1-bathroom units and one 3-bedroom / 1-bathroom unit. It contains ample on-sit parking behind a longgated driveway.
Tenants enjoy living in the Macarthur Park Neighborhood Northeast of Downtown Long Beach, a short distance to local beaches, California State University of Long Beach, as well as shopping, restaurants, and nightlife. The city of Long Beach continues to progress forward and is currently experiencing major redevelopment. The Long Beach port is undergoing $4.4 billion in future redevelopment that will create 14,000 new and permanent jobs in Southern California. The city is undergoing a building boom with more than $5 billion in private and public investments in various stages of development. The new $520 million Long Beach Civic Center development will house a new City Hall, Port of Long Beach headquarters and the Main Library.
Location
State CA
County Los Angeles
Area 3 - Eastside, Circle Area
Zoning LBR2N
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Fireplace No
Laundry None
Exterior
Pool None
Community Features Curbs, Sidewalks
Private Pool No
Building
Lot Description 6-10 Units/Acre
Sewer Public Sewer, Septic Type Unknown, Unknown
Water Public
New Construction No
Others
Senior Community No
Tax ID 7268035017
Energy Description 923.75
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Daniel Shieh • Lyon Stahl Investment Real Estate, Inc.