$686,000
$675,000
1.6%For more information regarding the value of a property, please contact us for a free consultation.
2820 E 65th ST Long Beach, CA 90805
Key Details
Sold Price $686,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision North Long Beach (Nlb)
MLS Listing ID PW16198249
Sold Date 12/02/16
HOA Y/N No
Year Built 1955
Property Description
65th Street in North Long Beach is a well maintained good producing building with upside rent potential of about 6%. 6 total units. All 1 bedroom/1 bathroom units fully rented. Low maintenance building with front turf, covered stairwell and storage area. Each unit gets one parking spot with plenty of space. 7 separate gas and electric meters. Tenants pay their own gas and electricity. True 5% cap rate, Operating Expenses below include what the new taxes will be. 30 year roof recently done in last 10 years and copper repipe completed. Take advantage of this great low maintenance investment!
Location
State CA
County Los Angeles
Area 7 - North Long Beach
Zoning LBR1N
Interior
Heating Wall Furnace
Fireplace No
Laundry None
Exterior
Parking Features Assigned
Pool None
Community Features Street Lights, Sidewalks
Utilities Available Sewer Connected, Overhead Utilities
Total Parking Spaces 6
Private Pool No
Building
Story 2
Entry Level Two
Water Public
Level or Stories Two
Others
Senior Community No
Tax ID 7120006006
Acceptable Financing Cash, Cash to New Loan, Conventional, Fannie Mae, Freddie Mac
Listing Terms Cash, Cash to New Loan, Conventional, Fannie Mae, Freddie Mac
Financing Conventional
Special Listing Condition Standard
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Bought with Blair Newman • Berkshire Hathaway H.S.C.P.