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Key Details
Sold Price $3,200,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 12,652 sqft
Price per Sqft $252
Subdivision College Park Estates (Cps)
MLS Listing ID PW14012304
Sold Date 03/25/14
Construction Status Turnkey
HOA Y/N No
Year Built 1963
Lot Size 0.276 Acres
Property Description
This is a Long Beach investment opportunity at its best! A fantastic income-producing apartment complex. 13 Units plus an additional Studio, great unit mix: 1 3-bed / 2-bath, 12 2-bed / 1-bath, 1 Studio. No Vacancies, very low turnover rate, some long-term tenants, and always a wait-list for new renters. The location is PERFECT, tucked into a nice CSULB-friendly neighborhood directly off of Pacific Coast Highway, walking distance to shopping and restaurants. Private garages for most of the units. This is a pride-of-ownership complex. The Seller keeps the building immaculate, always freshly painted, with pristine landscaping. The tenants are respectful of their environment, with many wonderful families helping to maintain the integrity of the building. No rent control. On-site laundry facility with machines that are owned, not rented, and is a fantastic added income-producer! An absolute winner.
Location
State CA
County Los Angeles
Area 37 - College/University Park Estates
Rooms
Ensuite Laundry Common Area, Laundry Room
Interior
Interior Features Ceiling Fan(s)
Laundry Location Common Area,Laundry Room
Heating Radiant
Flooring Carpet, Laminate
Fireplaces Type None
Fireplace No
Appliance 6 Burner Stove, Electric Cooktop, Disposal
Laundry Common Area, Laundry Room
Exterior
Garage Spaces 8.0
Garage Description 8.0
Fence Brick
Pool None
Community Features Street Lights
Utilities Available Sewer Available
Total Parking Spaces 8
Private Pool No
Building
Lot Description Landscaped
Story 2
Entry Level Two
Water Public
Level or Stories Two
Construction Status Turnkey
Others
Tax ID 7220004029
Acceptable Financing Cash, Cash to New Loan, Owner May Carry
Listing Terms Cash, Cash to New Loan, Owner May Carry
Financing Conventional
Special Listing Condition Standard
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Bought with Shana Klisanin • Baytown Realty
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Tracy Thrower Conyers
Broker Associate, JD | License ID: 01712960
Broker Associate, JD License ID: 01712960