$1,425,000
$1,450,000
1.7%For more information regarding the value of a property, please contact us for a free consultation.
619 Elm AVE Long Beach, CA 90802
7,492 Sqft Lot
Key Details
Sold Price $1,425,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Downtown (Dt)
MLS Listing ID PW14091075
Sold Date 09/30/14
HOA Y/N No
Year Built 1921
Tax Year 2013
Lot Size 7,492 Sqft
Property Description
Huge Upside as building is grossly under rented. This area south of 7th is the most rapidly improving area in the City. Lowest price per unit downtown in a great East Village location. This building can bring in $150,000 annually with a motivated Owner creating a +6 CAP and sub 10 GRM. With newer stucco on the exterior, this building has the curb appeal to bring these rents to market.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Interior
Fireplace No
Exterior
Pool None
Community Features Urban
Utilities Available Sewer Available
Private Pool No
Building
Story 2
Entry Level Two
Water Public
Level or Stories Two
Others
Senior Community No
Tax ID 7273027013
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Conventional
Special Listing Condition Standard
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Bought with Matthew Firth • JMS Manage Sell, PC