$2,400,000
$2,349,000
2.2%For more information regarding the value of a property, please contact us for a free consultation.
12 Beds
8 Baths
5,119 SqFt
SOLD DATE : 05/09/2025
Key Details
Sold Price $2,400,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,119 sqft
Price per Sqft $468
MLS Listing ID 25497543
Sold Date 05/09/25
Bedrooms 12
HOA Y/N No
Year Built 1953
Lot Size 6,751 Sqft
Property Description
PRICED TO SELL. 8 units on the Eastside of Long Beach in Belmont Heights - heavily remodeled in 2019 - over $400K in CAP EX spent. 11.4 GRM And 5.8% CAP against in-place rents. Excellent unit mix for the area with 1 and 2-bedroom units. 5 parking spaces in the rear (3 garages and 2 open). All units had new kitchens, baths, flooring, etc. in 2019. Well-maintained and professionally managed property. Property is subject to AB 1482 Rent Control (5% + CPI increase allowed). Exterior was updated in 2019 as well - new paint, windows, landscaping, lighting, etc. Put 30% Down. Excellent financing available for qualified Buyers - 5.25% 5-year fixed, fully amortized. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
Location
State CA
County Los Angeles
Area 2 - Belmont Heights, Alamitos Heights
Zoning LBR3T
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Parking Features Assigned
Total Parking Spaces 3
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7255036017
Special Listing Condition Standard
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Bought with Jonathan Swire • The Agency
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
4016 Grand Ave Suite A # 1082, Chino, CA, 91710, United States