$1,250,000
$1,299,000
3.8%For more information regarding the value of a property, please contact us for a free consultation.
7,487 Sqft Lot
SOLD DATE : 09/13/2021
Key Details
Sold Price $1,250,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Willmore District (Wm)
MLS Listing ID RS21106381
Sold Date 09/13/21
HOA Y/N No
Year Built 1900
Lot Size 7,487 Sqft
Property Description
This well priced and well located 4 unit property - currently configured as 5 units - is located in Long Beach, California only a few blocks from the Promenade, Pine Street Eateries, the Convention Center and the Pike outdoor shopping complex. The 5 unit property is comprised of 2 separate structures on a large 7497 SF lot. The front structure is a pre-craftsman house with 3 bedrooms/2bth, built in 1900. The rear building is 1960-era construction and consists of 2 units with 2-Bedroom/1-Bth and 2 units with 1-Bedroom/1-Bth. All units are separately metered for gas and electricity. Front house was upgraded to newer plumbing and electricity in the 2000's. Both structures have newer roofs. This building is located two blocks away from the Long Beach Courthouse and walking distance to World Trade Center Long Beach and DTLB amenities. Tenants have convenient access to freeways as well as shops and restaurants. Coastal Long Beach has high demand and low vacancy rates. The city is currently investing in major redevelopment along with the Long Beach Port which is undergoing a $4 billion development. In addition, the $400 million Deukmajian Court House (Long Beach Courthouse) was completed in 2018. These factors, among many others, make this an excellent opportunity. Upside in the rents and amazing location! Don't miss this great investment opportunity in a dense rental market with low vacancy rate and strong income. Property address: 527 - 529 W 4th Street.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Zoning LBPD30
Interior
Fireplace No
Laundry Common Area
Exterior
Parking Features Assigned
Pool None
Community Features Sidewalks
Total Parking Spaces 10
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Sewer Unknown
Water Other
New Construction No
Others
Senior Community No
Tax ID 7278026019
Acceptable Financing Cash to Existing Loan
Listing Terms Cash to Existing Loan
Financing Conventional
Special Listing Condition Standard
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Bought with Anthony Walker • Buckingham Investments, Inc