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1142 E 1st ST #50 Long Beach, CA 90802
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Key Details
Sold Price $3,980,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 8,965 sqft
Price per Sqft $443
Subdivision Alamitos Beach (Ab)
MLS Listing ID PW19275303
Sold Date 02/13/20
HOA Y/N No
Year Built 1913
Lot Size 8,224 Sqft
Acres 0.1888
Property Description
We are proud to present 1142 E. 1st. This sensational, fully rehabbed, turnkey, 14 unit, “value add”, apartment building is located just one block from Ocean Blvd, right in the heart of Alamitos Beach. With beautiful curb appeal, historically low vacancy rates, and a 4.81% Cap with room to move, this building is arguably the best investor opportunity in this location!
The building is comprised of 14 highly desirable units (2, two beds/1 baths & 12, one beds/1 baths). All 14 units have been extensively upgraded to “like new” condition. Kitchen upgrades consist of: Granite counters, stainless steel appliances, all new cabinetry and fixtures throughout. Bathroom upgrades consist of Granite counters, all new tile flooring, wainscot, tubs, toilets and fixtures. All units have washer/dryers, and onsite laundry caters to guests.
Alamitos Beach is neatly positioned between Belmont shore and Downtown. The building is just a short distance (one block) to the Ocean, nearby restaurants, coffee shops, clothing stores, the arts district/art studios, entertainment, the metro and much much more!
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Zoning LBR4R
Interior
Flooring Laminate, Wood
Laundry Inside
Exterior
Garage Spaces 4.0
Pool None
Community Features Curbs, Park, Sidewalks, Street Lights, Urban
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Roof Type Composition
Private Pool No
Building
Lot Description Level with Street, Level, Utilities - Overhead, Walkstreet
Story 2
Foundation Raised
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Special Listing Condition Standard
Lease Land No
Confidential INFO
BAC 2.0
TERMS 1031 Exchange,Cash,Conventional
LIST AGRMT Exclusive Right To Sell
LIST SERVICE Full Service
SHOW CONTACT TYPE Agent
SHOW CONTACT NAME Cameron
SHOW CONTACT PH 310-490-8134
SHOW INSTRUCTIONS Agents: Please do not walk the property. To view an empty unit (if available) or request additional information regarding the building 'offering memorandum', please call Cameron directly. Best #310-490-8134.
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Bought with Kinnery's Brokerage House