CA > Long Beach
Long Beach, CA 90805,477 E South ST
Long Beach, CA 90805,477 E South ST
Long Beach, CA 90805,477 E South ST
Additional details
Paul Ward

Paul Ward

+1(805) 479-5004
$3,990,000
Est. payment /mo
10,428 Sqft Lot
Save

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID PTP2407021

HOA Y/N No

Year Built 1961

Lot Size 10,428 Sqft

Property Description

Invest in Long Beach near Bixby Knolls and own this updated 16-unit apartment community. Composed of a desirable unit mix of all 2-bed, 1-bath units across two buildings with a courtyard in between, this property boasts a scheduled CAP rate of 5.58% at 100% occupancy. One unit is currently vacant. Fourteen of 15 existing leases are month-to-month. Five of the 16 units are newly renovated (2024) with updated plumbing, paint, flooring and kitchen finishes. Two of these five units also feature upgraded bathrooms and lighting throughout. More 2024 building updates include all new electrical panels, and new water lines to 8 of the 16 units. A community laundry room provides additional income. This apartment building is located near Atlantic Avenue restaurants and shops, the new KB Homes mixed-use development Rhythm (under construction), and easy access to the 91, 710 and 405 freeways.

Location

State CA

County Los Angeles

Area 7 - North Long Beach

Zoning LBCMR

Interior

Fireplace No

Laundry Common Area

Exterior

Pool None

Community Features Curbs, Sidewalks, Urban

View Y/N No

Total Parking Spaces 12

Private Pool No

Building

Lot Description Level

Story 2

Entry Level Two

Level or Stories Two

Others

Senior Community No

Tax ID 7125032033

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Read Less Info
California Regional MLS (CRMLS)
Listed by Jeff Kim • eXp Realty of California, Inc. • Jeff@kimrealtygroup.com

Get More Information

agent

Paul Ward

+1(805) 479-5004

Broker Associate | License ID: 01354001

Broker Associate License ID: 01354001

Name

Phone*

Message

I agree by electronic signature to the Electronic Disclosure Consent; to receive recurring marketing communication from or on behalf of Keller Williams, including auto-dialed calls, texts, and artificial/prerecorded voice messages (consent not required to make a purchase; data rates may apply; reply “STOP” to opt-out of texts or ‘HELP” for help); and to the Terms of Service and Privacy Policy of this website. I understand that I can call to obtain direct assistance.
QUICK SEARCH