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    1035 Pacific Avenue

    Long Beach, CA 90813
    • $1,149,000
    • STATUS: Active
    • ON SITE: 236 days
    • ID#: PW20174510
    UPDATED: 70 min ago
    $1,149,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,252
      SQFT
    • $219
      $/SQFT
    Type:
    Multi-Family
    Built:
    1920
    County:

    School Ratings & Info

    Description

    GGreat investment opportunity in Downtown Long Beach. Front building consists of a 2 bed & 1 bath unit along with a 1 bed & 1 bath unit. The rear building consists of 1 bed & 1 bath units. Tax records show 5 Units but actually 6 total units. Large Lot, with great common area. Gated for safety and security. All units will be delivered tenant occupied. Please review current total rents associated with this listing. Tenants are long term, ranging from 8 years to 30 years and rental income shows that. Location is great with all new development happening in Downtown Long Beach. Don't miss out on this one. *Sold as is*

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-19T11:05:53.687. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Zember Realty Group. Licensed in the State of California, USA.
    www.zemberrealtygroup.com/homes/109360677
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    1035 Pacific Avenue Long Beach, CA 90813

    • Price: $1,149,000
    • Status: Active
    • Updated: 70 min ago
    • ID#: PW20174510
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    5,252
    SQFT
    $219
    $/SQFT
    1920
    Built
    Neighborhood:
    4 - Downtown Area, Alamitos Beach
    County:
    Los Angeles
    Area:
    4 - Downtown Area, Alamitos Beach
    Property Description
    GGreat investment opportunity in Downtown Long Beach. Front building consists of a 2 bed & 1 bath unit along with a 1 bed & 1 bath unit. The rear building consists of 1 bed & 1 bath units. Tax records show 5 Units but actually 6 total units. Large Lot, with great common area. Gated for safety and security. All units will be delivered tenant occupied. Please review current total rents associated with this listing. Tenants are long term, ranging from 8 years to 30 years and rental income shows that. Location is great with all new development happening in Downtown Long Beach. Don't miss out on this one. *Sold as is*
    Exterior Features

    Lot Features Front YardLandscaped Number Of Separate Electric Meters 5 Parking Total 0 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Common Walls No Common Walls

    Property Features

    Additional Parcels YN No Common Interest None Community Features CurbsStreet LightsSidewalks Contingency No Contingencies Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 0 Gross Scheduled Income 80640 Insurance Expense 1926 Laundry Features None Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashContract Maintenance Expense 1200 Net Operating Income 70347 New Construction YN No New Taxes Expense 7810 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 1 Operating Expense 10293 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 1589 Vacancy Allowance Rate 5 Water Sewer Expense 5807 Water Source Public Zoning Lbco

    Listing provided courtesy of Danny Stojakovic of Berkshire Hathaway H.S.C.P.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-19T11:05:53.687. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Zember Realty Group. Licensed in the State of California, USA.
     
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    Zember Realty Group
    1125 Linda Vista Dr.
    San Marcos CA, 92078