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1009 E 2nd Street

Long Beach, CA 90802
  • $3,600,000
  • STATUS: Active
  • ON SITE: 12 Days
  • ID#: PW22096846
UPDATED: 23 min ago
$3,600,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1919
County:

School Ratings & Info

Listing Agent(s): Robert Stepp of Keller Williams - Santa Monica (310-482-2200) and Todd Hawke of Keller Williams - Santa Monica(310-482-2200)


Description

1009 E. 2nd Street is an 8-unit investment asset in prime Alamitos Beach. The property is comprised of five 1 BD/1 BA units; two 2BD/2 BA units; and one 2 BD/2.5 BA unit. All apartments are bright and sizable; five have been meticulously renovated with modern fixtures and finishes, including new countertops, laminate wood flooring, stainless steel appliances, bathtubs and vanities, ceiling fans, lighting, and window coverings. Exterior and common area renovations include a remodeled laundry room with new machines, modern fencing, paint and hardware, as well as drought-tolerant landscaping, drip irrigation and lighting. Eight parking spaces, onsite laundry facilities and six storage units provide additional income.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-23T10:28:05.7. 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 or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
www.legacy15.com/homes/128545265
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1009 E 2nd Street Long Beach, CA 90802

  • Price: $3,600,000
  • Status: Active
  • On Site: 12 Days
  • Updated: 23 min ago
  • ID#: PW22096846
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1919
Built
Neighborhood:
Alamitos Beach (Ab)
County:
Los Angeles
Area:
4 - Downtown Area, Alamitos Beach
Property Description
1009 E. 2nd Street is an 8-unit investment asset in prime Alamitos Beach. The property is comprised of five 1 BD/1 BA units; two 2BD/2 BA units; and one 2 BD/2.5 BA unit. All apartments are bright and sizable; five have been meticulously renovated with modern fixtures and finishes, including new countertops, laminate wood flooring, stainless steel appliances, bathtubs and vanities, ceiling fans, lighting, and window coverings. Exterior and common area renovations include a remodeled laundry room with new machines, modern fencing, paint and hardware, as well as drought-tolerant landscaping, drip irrigation and lighting. Eight parking spaces, onsite laundry facilities and six storage units provide additional income.
Exterior Features

Carport Spaces 6 Carport YN Yes Lot Features 6-10 Units/Acre Number Of Separate Electric Meters 8 Parking Total 8 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Common Interest Community Apartment Community Features Sidewalks Electric Expense 840 Fuel Expense 840 Garage YN Yes Gross Income 210258 Gross Scheduled Income 218616 Insurance Expense 3600 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan1031 Exchange Maintenance Expense 4000 Net Operating Income 140293 New Construction YN No New Taxes Expense 44203 Number Of Separate Gas Meters 8 Number Of Separate Water Meters 1 Operating Expense 69965 Other Expense 2000 Pest Control Expense 500 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 840 Water Sewer Expense 840 Water Source Public Zoning Lbr4r



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-23T10:28:05.7. 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 or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
 
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Legacy 15 Real Estate Brokers
22521 Avenida Empresa Suites 100 & 102
Rancho Santa Margarita CA, 92688
Listing Agent(s): Robert Stepp of Keller Williams - Santa Monica (310-482-2200) and Todd Hawke of Keller Williams - Santa Monica(310-482-2200)