2508 Elm Avenue

    Long Beach, CA 90806
    • $1,089,000
    • STATUS: Active
    • ON SITE: 78 days
    • ID#: PW19024075
    Price Reduced
    $1,089,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,570
      SQFT
    • $305
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1925
    County:

    School Ratings & Info

    Description

    This is a great opportunity in Long Beach 90806! Upgraded 4 unit property with 3 units in the front building and 1 unit in the newer back building built in 2012. The back building is currently functioning as 2 units, with an upstairs unit and downstairs unit. This newer building features energy efficient dual pane windows, new roof, and two large decks. The other three units have some upgrades including granite counters in kitchens. Both buildings have beautifully upgraded exteriors and landscaping. This pride of ownership building has partial upgraded electrical and copper plumbing, front and back gate keyless entries, exterior cameras, and gated parking with remote entry. Owners did many upgrades including structural repairs, rebuilt front porch, and earthquake retrofitting all done with permits. Also sprinkler system in front yard and on site laundry room. With plenty of upside in rents in an up-and-coming neighborhood, this is an opportunity for an investor or owner living in one unit. Very good location in 90806, just south of Willow, minutes to shopping center with Albertsons and Starbucks, Bixby Knolls, freeways, downtown, and more.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-04-21T00:34:12.42. 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/91506349

    2508 Elm Avenue Long Beach, CA 90806

    • Price: $1,089,000
    • Status: Active
    • ID#: PW19024075
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    3,570
    SQFT
    $305
    $/SQFT
    1925
    Built
    Neighborhood:
    Wrigley Area (Wr)
    County:
    Los Angeles
    Area:
    5 - Wrigley Area
    Property Description
    This is a great opportunity in Long Beach 90806! Upgraded 4 unit property with 3 units in the front building and 1 unit in the newer back building built in 2012. The back building is currently functioning as 2 units, with an upstairs unit and downstairs unit. This newer building features energy efficient dual pane windows, new roof, and two large decks. The other three units have some upgrades including granite counters in kitchens. Both buildings have beautifully upgraded exteriors and landscaping. This pride of ownership building has partial upgraded electrical and copper plumbing, front and back gate keyless entries, exterior cameras, and gated parking with remote entry. Owners did many upgrades including structural repairs, rebuilt front porch, and earthquake retrofitting all done with permits. Also sprinkler system in front yard and on site laundry room. With plenty of upside in rents in an up-and-coming neighborhood, this is an opportunity for an investor or owner living in one unit. Very good location in 90806, just south of Willow, minutes to shopping center with Albertsons and Starbucks, Bixby Knolls, freeways, downtown, and more.
    Exterior Features

    Garage Spaces 4.00 Lot Features Sprinklers In Front Lot Size Source Assessor Lot Size Units Square Feet Parking Total 4.00 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 1 Common Wall Laundry Features Community

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features SidewalksStreet Lights Country Us Electric Expense 679.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 62220.00 Gross Scheduled Income 62220.00 Insurance Expense 1404.00 Land Lease YN No Laundry Income 1200.00 Laundry YN Yes Licenses Expense 244.00 Net Operating Income 40916.00 New Construction YN No New Taxes Expense 14062.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Operating Expense 21304.00 Pest Control Expense 816.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Wrigley Area (Wr) Total Actual Rent 5085.00 Total Expenses 21304.00 Trash Expense 1200.00 Water Sewer Expense 2899.00 Water Source Public Year Built Source Assessor Zoning Lbr2n

    Listing provided courtesy of Denise Reesha of Keller Williams Pacific Estate


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-04-21T00:34:12.42. 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