1775 Pacific Avenue

    Long Beach, CA 90813
    • $1,494,000 - $1,495,000
    • STATUS: Active
    • ON SITE: 155 days
    • ID#: RS17215006
    $1,494,000 - $1,495,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,078
      SQFT
    • $246
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1936
    County:

    School Ratings & Info

    Description

    Great Investment Opportunity! Subject property consists of 3 buildings. Excellent unit mix: 2 Commercial retail units in front, 6 residential units in rear (four 3-bedroom, one 1-bedroom and one studio). Excellent Long-Term Tenants. Spacious outdoor common area. Four private garages. Separately metered for gas and electric. Close proximity to Retail Amenities, Downtown, Long Beach Convention and Entertainment Center, Queen Mary, Long Beach Performing Arts Center, the beach, night life and much more. Long Beach is considered a major development hub in Southern California. Property offers investors a great opportunity to acquire a value-add asset in a strong non-rent control.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-02-20T00:27:54.107. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.themarellygroup.com/homes/76839054

    1775 Pacific Avenue Long Beach, CA 90813

    • Price: $1,494,000 - $1,495,000
    • Status: Active
    • ID#: RS17215006
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    6,078
    SQFT
    $246
    $/SQFT
    1936
    Built
    Neighborhood:
    Other (Othr)
    County:
    Los Angeles
    Area:
    4 - Downtown Area, Alamitos Beach
    Property Description
    Great Investment Opportunity! Subject property consists of 3 buildings. Excellent unit mix: 2 Commercial retail units in front, 6 residential units in rear (four 3-bedroom, one 1-bedroom and one studio). Excellent Long-Term Tenants. Spacious outdoor common area. Four private garages. Separately metered for gas and electric. Close proximity to Retail Amenities, Downtown, Long Beach Convention and Entertainment Center, Queen Mary, Long Beach Performing Arts Center, the beach, night life and much more. Long Beach is considered a major development hub in Southern California. Property offers investors a great opportunity to acquire a value-add asset in a strong non-rent control.
    Exterior Features

    Construction Materials Stucco Fence YN Yes Fencing BlockGood ConditionWood Garage Spaces 4.00 Lot Features 6-10 Units/AcreNo Landscaping Lot Size Source Assessor Lot Size Units Square Feet Parking Features Garage - Rear EntryStreet Parking Total 4.00 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Alley PavedPaved Roof Shingle

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area 880 Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Cooling None Cooling YN No Heating Wall Heater Heating YN Yes Laundry Features Area Levels Two

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 5.87 Community Features Urban Country Us Electric Electricity - On PropertyStandard Electric Expense 1044.00 Elevation Units Feet Fuel Expense 0.00 Gross Equity 119640 Gross Income 119640.00 Gross Scheduled Income 119640.00 Insurance Expense 2134.00 Land Lease YN No Laundry Equipment Own Lease Own Laundry YN Yes Lot Dimensions Source Assessor Net Operating Income 101422.00 New Taxes Expense 17192.00 Number Of Separate Electric Meters 9 Number Of Separate Gas Meters 9 Number Of Separate Water Meters 1 Number Of Units Leased 8 Operating Expense 18218.00 Other Income1 0.00 Pest Control Expense 456.00 Professional Management Expense 0.00 Property Sub Type Commercial/Residential Rent Control YN No Security Features Gated CommunitySecurity LightsSmoke DetectorWindow Bars Senior Community YN No Special Listing Conditions Standard Subdivision Name Other Other Tax Annual Amount 10319.00 Tax Rate 1.15 Tax Year 2017 Tenant Pays ElectricityGas Total Actual Rent 9970.00 Total Expenses 18218.00 Trash Expense 1440.00 Utilities Cable AvailableNatural Gas AvailableSewer AvailableSewer ConnectedWater AvailableWater Connected Vacancy Allowance 3589 Vacancy Allowance Rate 3.00 Water Sewer Expense 4721.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Ana Maria Nava of All California Brokerage Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-02-20T00:27:54.107. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    The Marelly Group | Realty One Group
    5256 South Mission Rd, Suite 1006
    Bonsall CA, 92003