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    1172 E 1st Street

    Long Beach, CA 90802
    • $1,700,000
    • STATUS: Active Under Contract
    • ON SITE: 132 days
    • ID#: PW20146335
    Under Contract
    UPDATED: 65 min ago
    $1,700,000
    • 0
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,426
      SQFT
    • $384
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1969
    County:

    School Ratings & Info

    Description

    Pleased to present the opportunity to acquire the 1st Street Property, a 4 unit building located steps from Ocean Blvd. Built in 1969, this property offers a good variety of large 2 and 3 bedroom units. The property includes 5 garages and is individually metered for gas and electricity, and is owner occupied. The 1st Street Property offers an investor the unique opportunity to purchase a well-located asset with a 4.2% Cap on current rents.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-12-03T23:29:16.727. 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/108192393
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    1172 E 1st Street Long Beach, CA 90802

    • Price: $1,700,000
    • Status: Active Under Contract
    • Updated: 65 min ago
    • ID#: PW20146335
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    4,426
    SQFT
    $384
    $/SQFT
    1969
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Los Angeles
    Area:
    699 - Not Defined
    Property Description
    Pleased to present the opportunity to acquire the 1st Street Property, a 4 unit building located steps from Ocean Blvd. Built in 1969, this property offers a good variety of large 2 and 3 bedroom units. The property includes 5 garages and is individually metered for gas and electricity, and is owner occupied. The 1st Street Property offers an investor the unique opportunity to purchase a well-located asset with a 4.2% Cap on current rents.
    Exterior Features

    Garage Spaces 5.00 Lot Features Landscaped Lot Size Units Square Feet Parking Total 5.00 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 2+ Common Walls Laundry Features Dryer IncludedWasher Included

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 4.20 Community Features Suburban Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 105284.00 Gross Multiplier 15.06 Gross Operating Income 105284.00 Gross Scheduled Income 108540.00 Insurance Expense 0.00 Land Lease YN No Laundry YN Yes Net Operating Income 72072.00 New Construction YN No New Taxes Expense 0.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 0 Operating Expense 33211.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 33211.00 Trash Expense 0.00 Vacancy Allowance 3256 Water Sewer Expense 0.00 Water Source Public Year Built Source Public Records Zoning Lbr4r

    Listing provided courtesy of Gary Tolfa of Triqor Group


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-12-03T23:29:16.727. 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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