$ 3,990,000
-
$3,990,000
Price -
12
Bed -
6
Bath -
9,840
SqFt
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About the Listing 87594 - 813017,809505
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.
Listing Highlights for 477 E South St
Status
Active
Days on Site
294
Property Type
Multi-Family
MLS ®
PTP2407021
Year Built
1961
Total Square Footage
9,840
Lot/Acreage
0.24
County
Los Angeles
Area
7 - North Long Beach
Interior Details
- Bedrooms: 12
- Bathrooms: 6 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: Level,No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 12
- Zoning: LBCMR
- Roof:
- Others: 2+ Total Units
- Sewer:
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 7125032033
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
477 E South St Long Beach, CA 90805
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