753 N Washington Place N

    Long Beach, CA 90813
    • $599,000
    • STATUS: Active Under Contract
    • ON SITE: 73 days
    • ID#: PW19082310
    Under Contract
    $599,000
    • 0
      BEDS
    • 0.09
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,164
      SQFT
    • $277
      $/SQFT
    Type:
    Commercial
    Built:
    1918
    County:

    School Ratings & Info

    Description

    Opportunity knocks! This 5-unit building is just waiting for the right investor to come and make it new again! There are so many possibilities from: bringing it up to code and upgrading all the way to tearing it down and building a beautiful two-unit beauty. Zoned LBR4R, restoration may be possible - with plans in hand, it's always best to visit the planning dept. This neighborhood and those around it have seen a lot of redevelopment activity. It's conveniently located near shopping and restaurants, DTLB and the 710 freeway. It has walkability score of 88, a transit score of 74 and a bike score of 73.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-24T00:34:39.517. 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. Licensed in the State of California, USA.
    www.themarellygroup.com/homes/93627231

    753 N Washington Place N Long Beach, CA 90813

    • Price: $599,000
    • Status: Active Under Contract
    • ID#: PW19082310
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.09
    Acres
    2,164
    SQFT
    $277
    $/SQFT
    1918
    Built
    Neighborhood:
    4 - Downtown Area, Alamitos Beach
    County:
    Los Angeles
    Area:
    4 - Downtown Area, Alamitos Beach
    Property Description
    Opportunity knocks! This 5-unit building is just waiting for the right investor to come and make it new again! There are so many possibilities from: bringing it up to code and upgrading all the way to tearing it down and building a beautiful two-unit beauty. Zoned LBR4R, restoration may be possible - with plans in hand, it's always best to visit the planning dept. This neighborhood and those around it have seen a lot of redevelopment activity. It's conveniently located near shopping and restaurants, DTLB and the 710 freeway. It has walkability score of 88, a transit score of 74 and a bike score of 73.
    Exterior Features

    Lot Features Corner LotNear Public Transit Lot Size Source Assessor Lot Size Units Square Feet Parking Total 1.00

    Interior Features

    Condo Area Units Square Feet Laundry Features None

    Property Features

    Accounting Type Actual Additional Parcels YN No Asset Class Multi-Family Building Area Units Square Feet Building Status Existing Business Type Multi-Tenant Cap Rate 6.00 Country Us Electric Expense 3200.00 Expense Year 21400 Gross Scheduled Income 57000.00 Insurance Expense 2290.00 Land Lease YN No Land Use Multi-Family Laundry YN No Leasable Area Units Square Feet Lease Considered YN No Maintenance Expense 600.00 Max Total Area Units Square Feet Min Total Area Units Square Feet Number Of Units Leased 5 Occupancy Occupied Professional Management Expense 4920.00 Property Sub Type Multi Family Real Estate Tax Expense 7490.00 Residential Square Footage 2966 Special Listing Conditions Standard Supplies Expense 400.00 Tax Annual Amount 7490.00 Tax Rate 1.25 Tax Year 2019 Total Expenses 21400.00 Total Monthly Rent 4750 Trash Expense 500.00 Water Sewer Expense 2000.00 Water Source Public Year Built Source Assessor Zoning Lbr4r

    Listing provided courtesy of Santiago Ogradon Cortes of Keller Williams Coastal Prop.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-24T00:34:39.517. 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. Licensed in the State of California, USA.
     
    The Marelly Group | Compass
    5256 South Mission Rd, Suite 1006
    Bonsall CA, 92003