$ 3,589,500
-
$3,589,500
Price -
3
Bed - Bath
-
11,322
SqFt
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About the Listing PB6656 - PWDANIELT
Located in the heart of Long Beach, 15 unit apartment building majority 2 bedrooms (10) and five 1 bedrooms. This building offers a prime investment opportunity with upside in rents. With a diverse pool of tenant base looking for affordable housing there's sure to be a stream of renters. There is also opportunity for additional income with garage spaces as well as potential RUBS income, one side of the building is master metered. Recent cap ex includes a new roof over the 500 side of the property and roof update to the 520 side. All new paint over the entire building. Hand Railings were reinforced on the second floor, walkways were also updated and re done. New flooring in the laundry rooms, a new 100 gallon water heater on the 500 side. And 90% of the units have vinyl plank, all recently installed. With all the work being done recently there is still opportunity for an investor to increase rent and add additional income.
Listing Highlights for 500 E 51st St
Status
Active
Days on Site
168
Property Type
Multi-Family
MLS ®
PW25062894
Year Built
1963
Total Square Footage
11,322
Lot/Acreage
0.17
Interior Details
- Bedrooms: 3
- Bathrooms: Full
- Appliances:
- Air Cond:
- Heating: Floor Furnace
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: 0-1 Unit/Acre,No Land Lease
- Garage Capacity: 11 car
- Parking Spaces: 11
- Zoning: LBR4R
- Roof:
- Others: 2+ Total Units
- Sewer: Public Sewer
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 7130016031
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
Years
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Listing Location
Questions About..
500 E 51st St Long Beach, CA 90805
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