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4603 E Broadway

Long Beach, CA 90803
  • $3,300,000
  • STATUS: Active
  • ON SITE: 133 Days
  • ID#: SB21161739
$3,300,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1922
County:

School Ratings & Info

Listing Agent: Cameron Samimi of Lyon Stahl Investment Real Estate, Inc.


Description

Stunning, remodeled 5-Unit apartment building, with ocean views, located justminutes from the beach in Belmont Heights, one of Long Beach's mostdesirable neighborhoods. This turn-key gem has top-of-the-market rents andzero deferred maintenance, making it an ideal opportunity for any investor orexchange buyer looking for great cash-flow and extremely low maintenance.With 4,300 SqFt of rentable space, 4603 E Broadway is comprised of (5)oversized 1Bed/1Bath units, averaging 900 sqft each. All units have beentastefully remodeled, featuring hardwood floors, new cabinets, brand newstainless steel appliances and W/D in unit. 4603 E Broadway also features 3garage parking spots, a rare commodity in the city of Long Beach. Beneficialto the new owner, each unit is separately metered for gas and electricity.Located in beautiful Belmont Heights, one of Long Beach's Top RentalMarkets, 4603 E Broadway is just steps away from 2nd St, an area featuringmany hip restaurants, bars and shopping. The upside in the Long Beachmarket is limitless, with $6 Billion in new capital pouring into projects such asthe Long Beach Civic Center, Long Beach Aquarium, OceanAire Project,CSULB Downtown VIllage, Broadway Block, The Pacific and Queen MaryIsland.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-04T00:27:26.463. 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 The Marelly Group | Sentry Residential. Licensed in the State of California, USA.
www.themarellygroup.com/homes/119654821
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4603 E Broadway Long Beach, CA 90803

  • Price: $3,300,000
  • Status: Active
  • On Site: 133 Days
  • ID#: SB21161739
0
Beds
0
Baths
0
½ Baths
0.16
Acres
1922
Built
Neighborhood:
2 - Belmont Heights, Alamitos Heights
County:
Los Angeles
Area:
2 - Belmont Heights, Alamitos Heights
Property Description
Stunning, remodeled 5-Unit apartment building, with ocean views, located justminutes from the beach in Belmont Heights, one of Long Beach's mostdesirable neighborhoods. This turn-key gem has top-of-the-market rents andzero deferred maintenance, making it an ideal opportunity for any investor orexchange buyer looking for great cash-flow and extremely low maintenance.With 4,300 SqFt of rentable space, 4603 E Broadway is comprised of (5)oversized 1Bed/1Bath units, averaging 900 sqft each. All units have beentastefully remodeled, featuring hardwood floors, new cabinets, brand newstainless steel appliances and W/D in unit. 4603 E Broadway also features 3garage parking spots, a rare commodity in the city of Long Beach. Beneficialto the new owner, each unit is separately metered for gas and electricity.Located in beautiful Belmont Heights, one of Long Beach's Top RentalMarkets, 4603 E Broadway is just steps away from 2nd St, an area featuringmany hip restaurants, bars and shopping. The upside in the Long Beachmarket is limitless, with $6 Billion in new capital pouring into projects such asthe Long Beach Civic Center, Long Beach Aquarium, OceanAire Project,CSULB Downtown VIllage, Broadway Block, The Pacific and Queen MaryIsland.
Exterior Features

Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 5 Parking Total 3 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Cap Rate 3.5 Common Interest None Community Features BikingCurbsDog ParkPark Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 174960 Gross Scheduled Income 174960 Insurance Expense 0 Laundry Features Inside Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Conventional Net Operating Income 115378 New Construction YN No Number Of Separate Gas Meters 5 Number Of Separate Water Meters 1 Operating Expense 54333 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 0 Water Sewer Expense 0 Water Source Public Zoning Lbr1n



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-04T00:27:26.463. 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 The Marelly Group | Sentry Residential. Licensed in the State of California, USA.
 
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The Marelly Group | Sentry Residential
5256 South Mission Rd, Suite 1006
Bonsall CA, 92003
Listing Agent: Cameron Samimi of Lyon Stahl Investment Real Estate, Inc.