1332 Walnut Avenue

    Long Beach, CA 90813
    • $1,975,000
    • STATUS: Active
    • ON SITE: 69 days
    • ID#: PW19086680
    UPDATED: 33 min ago
    $1,975,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,892
      SQFT
    • $287
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1963
    County:

    School Ratings & Info

    Description

    Prime 1960's construction 9 unit apartment building! This property has a great unit mix consisting of : 6- 2bed/1bath, 2- 3bed/1bath and 1- 1bed/1bath. Long term tenants with tons of upside in rents! 5 garages plus an additional 4 slanted parking spaces totaling 9 parking spaces! Building was completely repainted 6 months ago. A new pitched roof was put on in 2017. All units have tile flooring throughout and tile kitchen counters. All Electric building separately metered to keep expenses low. Great investment opportunity!

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-26T21:43:10.433. 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/93808341

    1332 Walnut Avenue Long Beach, CA 90813

    • Price: $1,975,000
    • Status: Active
    • Updated: 33 min ago
    • ID#: PW19086680
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    6,892
    SQFT
    $287
    $/SQFT
    1963
    Built
    Neighborhood:
    Eastside (Es)
    County:
    Los Angeles
    Area:
    3 - Eastside, Circle Area
    Property Description
    Prime 1960's construction 9 unit apartment building! This property has a great unit mix consisting of : 6- 2bed/1bath, 2- 3bed/1bath and 1- 1bed/1bath. Long term tenants with tons of upside in rents! 5 garages plus an additional 4 slanted parking spaces totaling 9 parking spaces! Building was completely repainted 6 months ago. A new pitched roof was put on in 2017. All units have tile flooring throughout and tile kitchen counters. All Electric building separately metered to keep expenses low. Great investment opportunity!
    Exterior Features

    Garage Spaces 5.00 Lot Features 6-10 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 5.00 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 Common Area Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 6.30 Community Features Sidewalks Country Us Elevation Units Feet Fuel Expense 0.00 Gross Income 171300.00 Gross Multiplier 10.30 Gross Scheduled Income 171300.00 Insurance Expense 0.00 Land Lease YN No Laundry YN Yes Net Operating Income 111345.00 New Construction YN No New Taxes Expense 0.00 Number Of Separate Electric Meters 9 Number Of Separate Gas Meters 0 Number Of Separate Water Meters 1 Number Of Units Leased 7 Operating Expense 59955.00 Professional Management Expense 0.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Eastside (Es) Total Actual Rent 10675.00 Total Expenses 0.00 Trash Expense 0.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor Zoning Lbr2n

    Listing provided courtesy of Kristina Moore of The Moore Group


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-26T21:43:10.433. 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