816 Alamitos AVE Active Save Request In-Person Tour Request Virtual Tour
Long Beach,CA 90813
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Eastside (Es)
MLS Listing ID SB25066385
HOA Y/N No
Year Built 1922
Lot Size 6,481 Sqft
Property Sub-Type Quadruplex
Property Description
This large 3 building campus of a 4 unit property is one block North of Downtown Long Beach and Alamitos Beach. One 5 bed/1 bath house, one 4 bed/2 bath house, and two 3 bed/1 bath apartments on a 6483 square foot lot. Lowest GRM and best income 4 unit for sale in the whole city of Long Beach at 11.8X GRM on actuals and 11.4X GRM on market rents, and is only 8 blocks to the beach and Pacific Ocean. Low expense property separately metered for gas and electric. Well maintained and professionally managed in a dense, high demand rental market. The property is close to St Mary's hospital and Long Beach Community College plus numerous other job centers in the area. Per Costar, 61% of households within a 5 mile radius are renters with an average household income of over $98,000.
Location
State CA
County Los Angeles
Area 3 - Eastside, Circle Area
Zoning LBR4N
Interior
Heating Wall Furnace
Cooling None
Flooring Laminate,Tile
Fireplaces Type None
Fireplace No
Appliance Gas Oven,Gas Range
Laundry None
Exterior
Parking Features None
Fence Block,Wood,Wrought Iron
Pool None
Community Features Urban
Utilities Available Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected
View Y/N No
View None
Roof Type Composition,Flat
Accessibility None
Private Pool No
Building
Lot Description Rectangular Lot
Faces West
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7267025031
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard