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    1035 Pacific Avenue

    Long Beach, CA 90813
    • $1,250,000
    • STATUS: Active Under Contract
    • ON SITE: 100 days
    • ID#: PW20174510
    Under Contract
    UPDATED: 30 min ago
    $1,250,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,252
      SQFT
    • $238
      $/SQFT
    Type:
    Multi-Family
    Built:
    1920
    County:

    School Ratings & Info

    Description

    GGreat investment opportunity in Downtown Long Beach. Front building consists of a 2 bed & 1 bath unit along with a 1 bed & 1 bath unit. The rear building consists of 1 bed & 1 bath units. Tax records show 5 Units but actually 6 total units. Large Lot, with great common area. Gated for safety and security. All units will be delivered tenant occupied. Please review current total rents associated with this listing. Tenants are long term, ranging from 8 years to 30 years and rental income shows that. Location is great with all new development happening in Downtown Long Beach.Don't miss out on this one. *Sold as is*

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-12-04T14:31:28.923. 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/109360677
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    1035 Pacific Avenue Long Beach, CA 90813

    • Price: $1,250,000
    • Status: Active Under Contract
    • Updated: 30 min ago
    • ID#: PW20174510
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    5,252
    SQFT
    $238
    $/SQFT
    1920
    Built
    Neighborhood:
    4 - Downtown Area, Alamitos Beach
    County:
    Los Angeles
    Area:
    4 - Downtown Area, Alamitos Beach
    Property Description
    GGreat investment opportunity in Downtown Long Beach. Front building consists of a 2 bed & 1 bath unit along with a 1 bed & 1 bath unit. The rear building consists of 1 bed & 1 bath units. Tax records show 5 Units but actually 6 total units. Large Lot, with great common area. Gated for safety and security. All units will be delivered tenant occupied. Please review current total rents associated with this listing. Tenants are long term, ranging from 8 years to 30 years and rental income shows that. Location is great with all new development happening in Downtown Long Beach.Don't miss out on this one. *Sold as is*
    Exterior Features

    Garage Spaces 0.00 Lot Features Front YardLandscaped Lot Size Source Assessor Lot Size Units Square Feet Parking Total 0.00 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 None Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features CurbsSidewalksStreet Lights Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 0.00 Gross Scheduled Income 80640.00 Insurance Expense 1926.00 Laundry YN No Licenses Expense 301.67 Maintenance Expense 1200.00 Net Operating Income 70346.89 New Construction YN No New Taxes Expense 7810.00 Number Of Separate Electric Meters 5 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 1 Operating Expense 10293.10 Professional Management Expense 0.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 18632.87 Trash Expense 1588.70 Vacancy Allowance Rate 5.00 Water Sewer Expense 5806.50 Water Source Public Year Built Source Public Records Zoning Lbco

    Listing provided courtesy of Danny Stojakovic of Berkshire Hathaway H.S.C.P.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-12-04T14:31:28.923. 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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