1010 E 2nd Street

    Long Beach, CA 90802
    • $2,100,000
    • STATUS: Active
    • ON SITE: 20 days
    • ID#: PW19129903
    UPDATED: 110 min ago
    $2,100,000
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,160
      SQFT
    • $505
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1923
    County:

    School Ratings & Info

    Description

    1010 E 2nd Street is located in the prime Alamitos Beach area. This is a 1920's building with charming built-ins and finishes. It consists of eight bright and airy studio units with light upgrades to the kitchens, baths and fixtures. There is storage space for tenants to lease, onsite laundry income (laundry machines are seller owned), and the building is separately metered for gas and electric. Investors have the potential to continue seller improvements and increase rents up to approximately 10%. Within close proximity to the subject property are the Long Beach Museum of Art, Bixby Park, Broadway Corridor and 4th Street/Retro Row.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-25T00:36:54.86. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.hellerthehomeseller.com/homes/95539263

    1010 E 2nd Street Long Beach, CA 90802

    • Price: $2,100,000
    • Status: Active
    • Updated: 110 min ago
    • ID#: PW19129903
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    4,160
    SQFT
    $505
    $/SQFT
    1923
    Built
    Neighborhood:
    Alamitos Beach (Ab)
    County:
    Los Angeles
    Area:
    4 - Downtown Area, Alamitos Beach
    Property Description
    1010 E 2nd Street is located in the prime Alamitos Beach area. This is a 1920's building with charming built-ins and finishes. It consists of eight bright and airy studio units with light upgrades to the kitchens, baths and fixtures. There is storage space for tenants to lease, onsite laundry income (laundry machines are seller owned), and the building is separately metered for gas and electric. Investors have the potential to continue seller improvements and increase rents up to approximately 10%. Within close proximity to the subject property are the Long Beach Museum of Art, Bixby Park, Broadway Corridor and 4th Street/Retro Row.
    Exterior Features

    Garage Spaces 0.00 Lot Features 6-10 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 0.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features Common Area

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features Curbs Country Us Electric Expense 1080.00 Elevation Units Feet Fuel Expense 1080.00 Gardener Expense 1200.00 Gross Income 142215.00 Gross Scheduled Income 149700.00 Insurance Expense 1664.00 Land Lease YN No Laundry YN Yes Licenses Expense 500.00 Maintenance Expense 3600.00 Net Operating Income 96454.00 New Construction YN No New Taxes Expense 26488.00 Number Of Separate Electric Meters 8 Number Of Separate Gas Meters 8 Number Of Separate Water Meters 1 Operating Expense 45761.00 Other Expense 1800.00 Other Expense Description Reserves Pest Control Expense 500.00 Professional Management Expense 5689.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Alamitos Beach (Ab) Total Expenses 45761.00 Trash Expense 1080.00 Water Sewer Expense 1080.00 Water Source Public Year Built Source Assessor Zoning Lbr4r

    Listing provided courtesy of Robert Stepp of Keller Williams Pacific Estate


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-25T00:36:54.86. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
    Heller The Home Seller | Keller Williams Realty
    171 Saxony Road, Ste. 205
    Encinitas CA, 92024