3441 E Wilton Street

    Long Beach, CA 90804
    • $2,395,000
    • STATUS: Active
    • ON SITE: 21 days
    • ID#: PW18025353
    UPDATED: 168 min ago
    $2,395,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,242
      SQFT
    • $457
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1960
    County:

    School Ratings & Info

    Description

    The property is located in Eastside Long Beach just west of the Traffic Circle and near the intersection of Redondo Avenue and Pacific Coast Highway. Additionally, California State University, Long Beach, which serves nearly 40,000 students, is just two miles away. This area is a strong rental market with low vacancy rates.The offering is a two-story building that was constructed in 1960 and contains eight one-bedroom and three studio units, which are separately metered for gas and electricity. The property also features shared laundry and eight single-car garages; parking is a highly coveted amenity in this market and demands premium rates.3441 East Wilton Street presents an excellent opportunity for an astute investor to add value and capture substantial upside in rents.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-02-24T00:28:07.193. 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/80466058

    3441 E Wilton Street Long Beach, CA 90804

    • Price: $2,395,000
    • Status: Active
    • Updated: 168 min ago
    • ID#: PW18025353
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    5,242
    SQFT
    $457
    $/SQFT
    1960
    Built
    Neighborhood:
    Circle (Ca)
    County:
    Los Angeles
    Area:
    3 - Eastside, Circle Area
    Property Description
    The property is located in Eastside Long Beach just west of the Traffic Circle and near the intersection of Redondo Avenue and Pacific Coast Highway. Additionally, California State University, Long Beach, which serves nearly 40,000 students, is just two miles away. This area is a strong rental market with low vacancy rates.The offering is a two-story building that was constructed in 1960 and contains eight one-bedroom and three studio units, which are separately metered for gas and electricity. The property also features shared laundry and eight single-car garages; parking is a highly coveted amenity in this market and demands premium rates.3441 East Wilton Street presents an excellent opportunity for an astute investor to add value and capture substantial upside in rents.
    Exterior Features

    Garage Spaces 8.00 Lot Features Lot Shape-Rectangular Lot Size Source Assessor Lot Size Units Square Feet Parking Total 8.00 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features Community Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features Urban Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 3900.00 Gross Scheduled Income 154740.00 Insurance Expense 0.00 Land Lease YN No Laundry Income 3900.00 Laundry YN Yes Net Operating Income 96740.00 New Taxes Expense 0.00 Number Of Separate Electric Meters 11 Number Of Separate Gas Meters 11 Number Of Separate Water Meters 0 Operating Expense 57258.00 Professional Management Expense 0.00 Rent Control YN No Senior Community YN No Special Listing Conditions Standard Subdivision Name Other Circle (Ca) Total Expenses 57258.00 Trash Expense 0.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor Zoning Lbr3t

    Listing provided courtesy of Steven Bogoyevac of Steven M. Bogoyevac, Broker.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-02-24T00:28:07.193. 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