$925,000
$989,000
6.5%For more information regarding the value of a property, please contact us for a free consultation.
2311 E 11th ST Long Beach, CA 90804
3,920 Sqft Lot
Key Details
Sold Price $925,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision Eastside (Es)
MLS Listing ID PW18262399
Sold Date 04/26/19
HOA Y/N No
Year Built 1922
Lot Size 3,920 Sqft
Acres 0.09
Property Description
CASH COW ...DON"T MISS THIS ONE! Amazing Investor Opportunity. This well maintained Professionally Managed 4-Plex Plus Property located in central Long Beach along the Pacific Coast Highway Corridor and can be purchased with a Gross Multiplier of 12.4. A discerning buyer will recognize this money maker as an excellent 1031 exchange upleg opportunity and valued purchase. This property has been recently painted exterior and units are upgraded as long term tenants move. The exterior needs very little maintenance as the living space is 2366 Sq. Ft covers most overall 3,926 Sq. ft lot. This property also has a community laundry room owned by owner and a storage unit that provides added income. Serious buyers please make your offers subject to inspection and approval. Please do not disturb tenants as they are unaware that the property is for sale. There is no sign on property. Seller is put this 4 plex on the market to leverage his equity and will be in a 1031 exchange.
Location
State CA
County Los Angeles
Area 3 - Eastside, Circle Area
Zoning LBR2N
Rooms
Ensuite Laundry Common Area
Interior
Interior Features All Bedrooms Down
Laundry Location Common Area
Heating Natural Gas
Flooring Carpet, Laminate, Tile
Fireplace No
Appliance Gas Cooktop, Gas Range, Gas Water Heater
Laundry Common Area
Exterior
Garage None
Pool None
Community Features Gutter(s), Suburban, Sidewalks
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected
Parking Type None
Private Pool No
Building
Lot Description 0-1 Unit/Acre, Walkstreet
Faces South
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Architectural Style Ranch
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 7260031001
Acceptable Financing Conventional, 1031 Exchange
Listing Terms Conventional, 1031 Exchange
Financing Cash to Loan
Special Listing Condition Standard
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Bought with Josh Ess • Buckingham Investments, Inc