477 E South Street

Long Beach, CA 90805

  • 0 Bed(s)
  • 0 Bath(s)
  • 9,840 Sqft
  • 10429
    Sqft(Lot)
$4,400,000

Description

Invest in north long beach and own this updated 16-unit apartment community. composed of a desirable unit mix of all 2-bed, 1-bath units across two buildings with a courtyard in between, this property boasts a scheduled cap rate of 5.05% at 100% occupancy, and significant rent upside. 3 units are vacant and ready for market-rent tenants, and all existing tenants are on month-to-month leases. five of the 16 units are newly renovated (2024) with updated plumbing, paint, flooring and kitchen finishes. two of these five units also feature upgraded bathrooms and lighting throughout. more 2024 building updates include all new electrical panels (main and subs), and new water lines to 8 of the 16 units. a community laundry room provides additional income. this apartment building is located near atlantic avenue restaurants and shops, the new kb homes mixed used development rhythm (under construction), and easy access to the 91, 710 and 405 freeways.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    47650310

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Property Details

  • Bathroom Information

    • Total Baths: 0

    Cooling Features

    • Air Conditioning

    Heating Source

    • Has Heating

    Fireplace

    • Has Fireplace: 0

  • Building Information

    • Year Built: 1961
    • Building Area Total: 9,840

    Pool Features

    • None

    Laundry Features

    • Common Area

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.2394
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 10429

  • Listing Price Information

    • Original List Price: 4,400,000
    • Listing Contract Date: 2024-11-06

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 7125032033

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 7 - North Long Beach
    • Directions: Nearest cross St is Linden Avenue
    • Zoning: LBCMR
    • Source Property Type: Residential Income
    • Area: 7 - North Long Beach

    Building and Construction

    • Property Age: 63
    • Common Walls: 2+ Common Walls
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: Ground floor
    • Property Attached: Yes
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 11/16/2024 @ 19:51

  • MLS: PTP2407021
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 9,840 sqft, 10,429 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Long Beach , in zip code 90805, this Los Angeles County Home , it is in the North Long Beach (NLB) Subdivision, are nearby neighborhoods.