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217 E 20th Street

Long Beach, CA 90806
  • $750,000
  • STATUS: Active
  • ON SITE: 18 Days
  • ID#: DW22092591
UPDATED: 29 min ago
$750,000
  • 0
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1939
County:

School Ratings & Info

Listing Agent(s): Henry Camacho of Henry Steven Camacho (562-632-1707)


Description

This, South Wrigley location is near shopping, public transportation, and services. Only a few doors away from Long Beach Boulevard, which is a major street in the area. Has undergone significant renovations, with the redevelopment of new retail centers, office buildings, and housing, along this thoroughfare. This new redevelopment has sparked a renewed interest in the immediate area, whereby increasing commerce and property values.This property provides an investor the chance to own a well-located tri-plex with rent upside and added value. The property consists of all one-bedroom/one units measuring over 780 sq. ft. All three units are separately metered for gas & electricity. Each unit has its own hot water heater. The property owner pays for water/trash and there is a house meter for electricity which feeds exterior lighting. Parking is provided by three, private garages and three open spaces, for a total of six off-street parking spaces.In summary, the property is well located and offers large units which are separately metered for utilities and great off-street parking. Added value opportunity through minor property upgrades and significant rental upside.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-23T19:30:30.077. 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/128356862
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217 E 20th Street Long Beach, CA 90806

  • Price: $750,000
  • Status: Active
  • On Site: 18 Days
  • Updated: 29 min ago
  • ID#: DW22092591
0
Beds
0
Baths
0
½ Baths
0.11
Acres
1939
Built
Neighborhood:
Wrigley Area (Wr)
County:
Los Angeles
Area:
5 - Wrigley Area
Property Description
This, South Wrigley location is near shopping, public transportation, and services. Only a few doors away from Long Beach Boulevard, which is a major street in the area. Has undergone significant renovations, with the redevelopment of new retail centers, office buildings, and housing, along this thoroughfare. This new redevelopment has sparked a renewed interest in the immediate area, whereby increasing commerce and property values.This property provides an investor the chance to own a well-located tri-plex with rent upside and added value. The property consists of all one-bedroom/one units measuring over 780 sq. ft. All three units are separately metered for gas & electricity. Each unit has its own hot water heater. The property owner pays for water/trash and there is a house meter for electricity which feeds exterior lighting. Parking is provided by three, private garages and three open spaces, for a total of six off-street parking spaces.In summary, the property is well located and offers large units which are separately metered for utilities and great off-street parking. Added value opportunity through minor property upgrades and significant rental upside.
Exterior Features

Lot Features Front Yard Number Of Separate Electric Meters 3 Open Parking Spaces 3 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 Storm Drain(S)Street LightsSidewalks Electric Expense 240 Fuel Expense 0 Garage YN Yes Gross Income 0 Gross Scheduled Income 32040 Insurance Expense 1170 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Conventional Maintenance Expense 1950 Net Operating Income 14354 New Construction YN No New Taxes Expense 9375 Number Of Separate Gas Meters 3 Number Of Separate Water Meters 1 Operating Expense 17686 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Trash Expense 1500 Vacancy Allowance Rate 3 Water Sewer Expense 1500 Water Source Public Zoning Lbpd29



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-23T19:30:30.077. 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): Henry Camacho of Henry Steven Camacho (562-632-1707)