$1,305,000
$1,380,000
5.4%For more information regarding the value of a property, please contact us for a free consultation.
7,448 Sqft Lot
SOLD DATE : 11/09/2014
Key Details
Sold Price $1,305,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Belmont Heights (Bh)
MLS Listing ID PW14182961
Sold Date 11/09/14
HOA Y/N No
Year Built 1923
Lot Size 7,448 Sqft
Property Description
We are proud to present a well-maintained 11-unit apartment building located at 621 East 6th Street in Downtown Long Beach, California. The property features an excellent unit mix of four studio/one-bathroom units, five one-bedroom/one-bathroom units, one two-bedroom/two-bathroom unit and one three-bedroom/ two-bathroom unit. Built in 1923, the subject property consists of 8,136 rentable square feet with a lot size of 7,437 square feet. There are separate meters for gas and electricity. Owners enjoy the high demand for rentals in a coastal city of Southern California. Tenants enjoy being in Downtown Long Beach which is known for its major tourist attractions, variety of businesses, hotels, restaurants, and entertainment. This is a rare opportunity to acquire a quality asset in a prime location with true rental upside and stable return
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Interior
Fireplace No
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Sidewalks
Total Parking Spaces 2
Private Pool No
Building
Lot Description 11-15 Units/Acre
Sewer Unknown
Water Public
Others
Tax ID 7274018038
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Cash to Loan
Special Listing Condition Standard
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Bought with Sarah Martin • First Team Real Estate
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Broker Associate | Lic# 01905244