1900 Harbor AVE, Long Beach, CA 90810 – PW16092983

$885,000

Est.Price: ?

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Est. payment -/mo

SOLD DATE : 07/21/2016

Key Details

Sold Price $885,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Westside/South Of Willow (Wsw)

MLS Listing ID PW16092983

Sold Date 07/21/16

HOA Y/N No

Year Built 1959

Property Description

Excellent 5 unit building, each unit is a large 2 Bedroom apartment. This well-maintained property is situated on a large corner lot, has a lush courtyard, community laundry room and 6 garages. This two story wood frame and painted stucco building offers 3,978 square feet. The units are in good condition, the 3 downstairs units have ceramic tile through out and each are individually sub-metered for gas/electric. Long term tenants, fully occupied with strong upside in rents makes for a great value-add opportunity. Priced at an actual 5.1% Cap Rate and 12.1 Gross rent multiplier.

Location

State CA

County Los Angeles

Area 11 - Westside

Interior

Heating Wall Furnace

Cooling None

Flooring Tile

Fireplaces Type None

Fireplace No

Laundry Common Area

Exterior

Parking Features Assigned

Garage Spaces 6.0

Garage Description 6.0

Pool None

Community Features Street Lights, Sidewalks

Utilities Available Sewer Available

Total Parking Spaces 12

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Entry Level Two

Water Public

Level or Stories Two

Others

Tax ID 7431024005

Acceptable Financing Conventional, Submit

Listing Terms Conventional, Submit

Financing Conventional

Special Listing Condition Standard

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Gatehouse Properties

info@gatehouseproperties.com +1(714) 743-9882

Our team is ready to help you sell your home for the highest possible price ASAP

Listed by Juan Huizar • Sage Real Estate
Bought with Jonathan Swire • The Agency

+1(714) 743-9882

info@gatehouseproperties.com

Costa Mesa, CA, 92626, United States

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