1202 Mahanna Avenue

    Long Beach, CA 90813
    • $1,350,000
    • STATUS: Active
    • ON SITE: 94 days
    • ID#: OC19014250
    UPDATED: 67 min ago
    $1,350,000
    • 0
      BEDS
    • 0.28
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,000
      SQFT
    • $338
      $/SQFT
    Type:
    Multi-Family
    Built:
    1947
    County:

    School Ratings & Info

    Description

    This Multi-Family Investment opportunity is located in Long Beach California. The assets are located near the Alamitos Avenue and East Anaheim Street intersection which are major transportation corridors boasting very high traffic counts making access to employment very attractive for tenants. This building has almost market rent insulating it from the issues of rent control. The 10% increase will add over $9,300 per year.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-04-23T17:41:24.693. 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/91039307

    1202 Mahanna Avenue Long Beach, CA 90813

    • Price: $1,350,000
    • Status: Active
    • Updated: 67 min ago
    • ID#: OC19014250
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.28
    Acres
    4,000
    SQFT
    $338
    $/SQFT
    1947
    Built
    Neighborhood:
    3 - Eastside, Circle Area
    County:
    Los Angeles
    Area:
    3 - Eastside, Circle Area
    Property Description
    This Multi-Family Investment opportunity is located in Long Beach California. The assets are located near the Alamitos Avenue and East Anaheim Street intersection which are major transportation corridors boasting very high traffic counts making access to employment very attractive for tenants. This building has almost market rent insulating it from the issues of rent control. The 10% increase will add over $9,300 per year.
    Exterior Features

    Garage Spaces 2.00 Lot Features 21-25 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 10.00 Pool Features None Pool Private YN No Property Attached YN No

    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 No Common Walls Laundry Features Community Levels One

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features Urban Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 104640.00 Gross Scheduled Income 104640.00 Insurance Expense 1600.00 Land Lease YN No Laundry YN Yes Net Operating Income 65814.00 New Construction YN No New Taxes Expense 15255.00 Number Of Separate Electric Meters 6 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 1 Operating Expense 35687.00 Professional Management Expense 0.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 35687.00 Trash Expense 1980.00 Walk Score 87 Water Sewer Expense 5940.00 Water Source Public Year Built Source Assessor Zoning Lbr2n

    Listing provided courtesy of Brenton Baskin of Vantis Capital Advisors


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-04-23T17:41:24.693. 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
    171 Saxony Road, Ste. 205
    Encinitas CA, 92024