$4,495,000
$4,495,000
For more information regarding the value of a property, please contact us for a free consultation.
345 E ST Long Beach, CA 90806
22 Beds
23 Baths
11,046 SqFt
Key Details
Sold Price $4,495,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 11,046 sqft
Price per Sqft $406
MLS Listing ID 20-542330
Sold Date 03/27/20
Bedrooms 22
Year Built 1923
Lot Size 0.404 Acres
Property Sub-Type Multi-Family
Property Description
23 units located in Long Beach. All units have been heavily remodeled and the building is well maintained and professionally managed with well qualified tenants. The Seller has spent over $350K on interior rehab and another $100K on the exterior. Property received a new roof in 2014 (1 side) and 2018 (other side). Unit mix is 3 Studios, 19 1 bed/1 bath and 1 3 bed/1 bath. There are 4 private garages renting for $100/month each as well as onsite laundry. This is a perfect asset for someone looking to acquire a rehabbed, stabilized property that is cash flowing. Additionally, there is some rental upside by leveling the rents at market, allowing you to achieve a 5.2% CAP. EMAIL Listing Agent for complete package including a Rent Roll.
Location
State CA
County Los Angeles
Area Poly High
Zoning LBPD29
Rooms
Other Rooms None
Dining Room 0
Interior
Heating Wall
Cooling None
Equipment None
Exterior
Parking Features Covered Parking
Garage Spaces 4.0
Building
Story 1
Others
Special Listing Condition Standard
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.
The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Bought with Lyon Stahl Investment Real Estate, Inc.