967 N Park Circle

    Long Beach, CA 90813
    • $1,629,000
    • STATUS: Active
    • ON SITE: 69 days
    • ID#: 18415472
    UPDATED: 7 min ago
    $1,629,000
    • 0
      BEDS
    • 0.19
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,068
      SQFT
    • $268
      $/SQFT
    Type:
    Multi-Family
    Built:
    1928
    County:

    School Ratings & Info

    Description

    967 N Park Circle presents an opportunity for a purchaser to follow the lead of the current ownership in an eight-unit investment, located next to the famous Bembridge House, in the Willmore City neighborhood of Long Beach. As upgrades can result in a large increase in income, a new investor can follow this strategy to continue adding value, raise revenue and improve operating efficiency. * 8 Units Over 3 Buildings * Built In 1928 * 6,068 Gross Square Feet * One 4 Bedroom + 2 Bathroom House (1,780 SF), One 2 Bedroom + 1 Bathroom Unit, Five 1 Bedroom + 1 Bathroom Units, One Single * Average Unit Size of 758 Square Feet * Individually Metered For Electricity & Gas * Gated Access to Property * Common Courtyard Area * Hookups In Laundry Room * One Garage * 8,492 SF Lot * LBPD10 Zoning

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-02-21T12:36:35.593. 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/90056004

    967 N Park Circle Long Beach, CA 90813

    • Price: $1,629,000
    • Status: Active
    • Updated: 7 min ago
    • ID#: 18415472
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.19
    Acres
    6,068
    SQFT
    $268
    $/SQFT
    1928
    Built
    Neighborhood:
    4 - Downtown Area, Alamitos Beach
    County:
    Los Angeles
    Area:
    4 - Downtown Area, Alamitos Beach
    Property Description
    967 N Park Circle presents an opportunity for a purchaser to follow the lead of the current ownership in an eight-unit investment, located next to the famous Bembridge House, in the Willmore City neighborhood of Long Beach. As upgrades can result in a large increase in income, a new investor can follow this strategy to continue adding value, raise revenue and improve operating efficiency. * 8 Units Over 3 Buildings * Built In 1928 * 6,068 Gross Square Feet * One 4 Bedroom + 2 Bathroom House (1,780 SF), One 2 Bedroom + 1 Bathroom Unit, Five 1 Bedroom + 1 Bathroom Units, One Single * Average Unit Size of 758 Square Feet * Individually Metered For Electricity & Gas * Gated Access to Property * Common Courtyard Area * Hookups In Laundry Room * One Garage * 8,492 SF Lot * LBPD10 Zoning
    Exterior Features

    Lot Size Units Square Feet Parking Features Garage - Single Door Parking YN Yes

    Interior Features

    Cooling See Remarks Cooling YN Yes Laundry Features See Remarks

    Property Features

    Cap Rate 4.44 Gross Multiplier 14.80 Gross Operating Income 106739.00 Improvements Amount 339528 Land Value 622472 Laundry YN Yes Net Operating Income 72377.00 Special Listing Conditions Standard Total Expenses 34362.00 Zoning Lbpd10

    Listing provided courtesy of David Harrington of Matthews Real Estate Investmen


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-02-21T12:36:35.593. 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