Homes for sale - 367 375 Gladys AVE, Long Beach, CA 90814

$5,500,000

$5,900,000 6.8%

Est. payment - /mo

0.28 Acres Lot

UPDATED:

Key Details

Sold Price $5,500,000

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

MLS Listing ID PW24241218

Sold Date 04/09/25

HOA Y/N No

Year Built 1964

Lot Size 0.280 Acres

Property Sub-Type Apartment

Property Description

This well-maintained property is located in Alamitos Beach, next to Bixby Park. Considerable value add with approximately 50% in rental upside. This property offers a unit mix with (18) eighteen two-bedrooms and (2) two one-bedroom. Each unit is individually metered for electricity and gas, providing residents with greater control over utility costs. Recent upgrades include copper plumbing, vinyl windows, and a new roof. The property is on two parcels, two ten units each, eliminated the requirement for an onsite manager. This property offers its tenants with ample parking with Ten (10) Enclosed Garages and eight tandem spaces. The units themselves are well-appointed with gas cooking, electric heating, hardwood floors, and ceiling fans, and wall heaters ensuring a comfortable living environment.

Location

State CA

County Los Angeles

Area 699 - Not Defined

Zoning LBR2A

Interior

Fireplace No

Laundry Common Area

Exterior

Garage Spaces 10.0

Garage Description 10.0

Pool None

Community Features Sidewalks

Total Parking Spaces 18

Private Pool No

Building

Lot Description Rectangular Lot

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 7257009023

Acceptable Financing Conventional

Listing Terms Conventional

Financing Conventional

Special Listing Condition Standard

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Listed by Christopher Walker • Triqor Group • chris.walker@triqorgroup.com
Bought with Christopher Walker • Triqor Group

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Tracy Thrower Conyers

+1(424) 229-1634

Broker Associate, JD | License ID: 01712960

Broker Associate, JD License ID: 01712960