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$ 3,047,700
Est. payment /mo
Active
1735 E 10th ST Long Beach, CA 90813
22 Beds
14 Baths
10,253 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 10,253 sqft
Price per Sqft $297
MLS Listing ID 26656535
Bedrooms 22
HOA Y/N No
Year Built 1928
Lot Size 0.294 Acres
Property Description
Priced to sell at 9.7 GRM and 6.6% CAP with upside to 9.3 GRM and a 7.0% CAP. 14 units in Long Beach NOT subject to rent control, only subject to AB 1482 rent control - maximum annual increase of 5% + CPI (currently 8.0%). Located on the East Side. Long Beach has undergone major redevelopment with over $8BB of new projects in the past few years. The property is professionally managed and well maintained with onsite laundry. The property features an excellent unit mix of 1 and 2 bed units with 11 open parking spaces in the rear. The exterior and all interiors were updated in 2019. Unit interiors feature updated flooring, kitchen counter tops, lighting and paint. EARN OVER A 10% CASH ON CASH RETURN AGAINST IN PLACE RENTS. Qualified Buyers can put down as little as 25%. Contact Loan Broker to find out more. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Zoning LBR2N
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Parking Features Assigned
Total Parking Spaces 11
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7267012035
Special Listing Condition Standard
Listed by Jonathan Swire The Agency #01336277
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