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1026 E Broadway

Long Beach, CA 90802
  • $3,900,000
  • STATUS: Active
  • ON SITE: 17 Days
  • ID#: PW22096898
UPDATED: 58 min ago
$3,900,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1921
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

1026 E. Broadway is a 9-unit investment asset in prime Alamitos Beach. The property consists of two buildings at 1026-1032 E. Broadway and 1034-1040 E. Broadway with eight 1 BD/ 1 BA units and one larger 1 BD / 1 BA unit. Eight units have been 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 and new flooring in hallways and staircases. New landscaping includes installation of concrete hardscape and modern fencing, drought tolerant plants with drip irrigation and lighting. On-site laundry facilities, garage storage and workshop storage provide current additional building income. There is potential to turn the 300 square foot workshop storage into an ADU for approximately $1,895 in additional monthly income.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-28T21:34:21.913. 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/128545282
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1026 E Broadway Long Beach, CA 90802

  • Price: $3,900,000
  • Status: Active
  • On Site: 17 Days
  • Updated: 58 min ago
  • ID#: PW22096898
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1921
Built
Neighborhood:
Alamitos Beach (Ab)
County:
Los Angeles
Area:
4 - Downtown Area, Alamitos Beach
Property Description
1026 E. Broadway is a 9-unit investment asset in prime Alamitos Beach. The property consists of two buildings at 1026-1032 E. Broadway and 1034-1040 E. Broadway with eight 1 BD/ 1 BA units and one larger 1 BD / 1 BA unit. Eight units have been 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 and new flooring in hallways and staircases. New landscaping includes installation of concrete hardscape and modern fencing, drought tolerant plants with drip irrigation and lighting. On-site laundry facilities, garage storage and workshop storage provide current additional building income. There is potential to turn the 300 square foot workshop storage into an ADU for approximately $1,895 in additional monthly income.
Exterior Features

Lot Features 6-10 Units/Acre Number Of Separate Electric Meters 9 Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN Yes Common Interest Community Apartment Community Features Sidewalks Electric Expense 1200 Fuel Expense 1200 Garage YN No Gross Income 224459 Gross Scheduled Income 232020 Insurance Expense 4200 Land Lease YN No Laundry Features Common Area Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan1031 Exchange Maintenance Expense 4500 Net Operating Income 147229 New Construction YN No New Taxes Expense 48040 Number Of Separate Gas Meters 9 Number Of Separate Water Meters 1 Operating Expense 77230 Other Expense 2250 Pest Control Expense 500 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 1200 Water Sewer Expense 1200 Water Source Public Zoning Lbr4r



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-28T21:34:21.913. 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)