2165 Earl Avenue, Long Beach, CA 90806
-
Listed Price :
$1,375,000
-
Beds :
8
-
Baths :
4
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Property Size :
3,769 sqft
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Year Built :
1929
Property Description
Great investor opportunity to acquire a well maintained 4 unit building located in the high demand South Wrigley Sub-Market of Long Beach. The building is a cash machine, has a 6.9% in place cap rate, a 7.2%+ ProForma Cap Rate, and is 100% leased. It contains (3) spacious 2 Bedroom / 1 Bathroom Units, and (1) very spacious 3 Bedroom / 1 Bathroom Unit. The building also has a detached garage complex containing (3) one car garages that can be used as storage if needed and fit one vehicle parked behind. Three of the apartment have been remodeled within the last two years and the one remaining non-remodeled unit gives the new owner and opportunity to remodel, add value, and bring up to market rent. The property is located in close proximity to schools, banks, shopping centers, public transit, and easy freeway access. It is within walking distance of Long Beach Poly High, and only 2.1 miles from Downtown Long Beach. The area boats strong rental demand and all vacancies have been easily filled at market rent with multiple applicants coming forth.
Interior Features
| Laundry Information |
| Location(s) |
Common Area, Laundry Room, Outside |
| Bedroom Information |
| Bedrooms |
8 |
| Bathroom Information |
| Bathrooms |
4 |
| Interior Information |
| Features |
Ceiling Fan(s) |
| Cooling Type |
Electric, Wall/Window Unit(s) |
Listing Information
| Address |
2165 Earl Avenue |
| City |
Long Beach |
| State |
CA |
| Zip |
90806 |
| County |
Los Angeles |
| Listing Agent |
KC James Dorame DRE #02019663 |
| Co-Listing Agent |
Joseph Daurio DRE #01992950 |
| Courtesy Of |
Allure Capital Management Corp |
| List Price |
$1,375,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
3,769 |
| Lot Size |
6,274 |
| Year Built |
1929 |
Listing information courtesy of: KC James Dorame, Joseph Daurio, Allure Capital Management Corp. *Based on information from the Association of REALTORS/Multiple Listing as of Aug 29th, 2024 at 2:25 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
