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1444 E 16TH Street

Long Beach, CA 90813
  • $1,690,000
  • STATUS: Active
  • ON SITE: 15 Days
  • ID#: SB22097789
UPDATED: 74 min ago
$1,690,000
  • 0
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1949
County:

School Ratings & Info

Listing Agent(s): Christopher Van Vuuren of Lyon Stahl Investment Real Estate, Inc. (310-425-9838)


Description

1444 E 16th Street is a bungalow style 7 unit apartment complex in Long Beach, CA. Located in Central Area of Long Beach with proximity to the A Line (22 mile light rail line), Pacific Coast Highway and the 405 & 710 freeways providing tenants access to a variety of popular dining, retail, entertainment options and high paying employment opportunities. Boasting a walk score of 90, it is a "walkers paradise allowing daily errands to bedone on foot.The subject property is comprised of four (4) one bed/one bath, (1) two bed/one bath bungalow style units & (2) two bed/one bath units with six (6) total buildings on a 6,474 sqft lot. The property has secure gated entry, copper plumbing, newer stucco and paint, separate gas & electricity meters and individual water heaters keeping landlord expenses to a minimum. Open space in South portion of the parcel provides possible ADU potential.1444 E 16th Street provides an investor with the opportunity to own an improved asset with 30 percent potential upside in rentsand easier to maintain single story units in one of the fastest growing markets in Southern California. No municipal rent control, subject to AB 1482.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-26T00:34:31.163. 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/128555156
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1444 E 16TH Street Long Beach, CA 90813

  • Price: $1,690,000
  • Status: Active
  • On Site: 15 Days
  • Updated: 74 min ago
  • ID#: SB22097789
0
Beds
0
Baths
0
½ Baths
0.15
Acres
1949
Built
Neighborhood:
Other (Othr)
County:
Los Angeles
Area:
3 - Eastside, Circle Area
Property Description
1444 E 16th Street is a bungalow style 7 unit apartment complex in Long Beach, CA. Located in Central Area of Long Beach with proximity to the A Line (22 mile light rail line), Pacific Coast Highway and the 405 & 710 freeways providing tenants access to a variety of popular dining, retail, entertainment options and high paying employment opportunities. Boasting a walk score of 90, it is a "walkers paradise allowing daily errands to bedone on foot.The subject property is comprised of four (4) one bed/one bath, (1) two bed/one bath bungalow style units & (2) two bed/one bath units with six (6) total buildings on a 6,474 sqft lot. The property has secure gated entry, copper plumbing, newer stucco and paint, separate gas & electricity meters and individual water heaters keeping landlord expenses to a minimum. Open space in South portion of the parcel provides possible ADU potential.1444 E 16th Street provides an investor with the opportunity to own an improved asset with 30 percent potential upside in rentsand easier to maintain single story units in one of the fastest growing markets in Southern California. No municipal rent control, subject to AB 1482.
Exterior Features

Lot Features Rectangular Lot Number Of Separate Electric Meters 7 Open Parking Spaces 6 Parking Features Off Street Parking Total 6 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 1 Common Wall

Property Features

Additional Parcels YN No Common Interest None Community Features Sidewalks Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 111564 Gross Scheduled Income 111564 Insurance Expense 0 Land Lease YN No Laundry Features None Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan1031 Exchange Net Operating Income 72965 New Construction YN No Number Of Separate Gas Meters 7 Number Of Separate Water Meters 1 Operating Expense 35252 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 0 Vacancy Allowance 3347 Vacancy Allowance Rate 3 Water Sewer Expense 0 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-26T00:34:31.163. 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): Christopher Van Vuuren of Lyon Stahl Investment Real Estate, Inc. (310-425-9838)