Listed by Matthew Mahowald, Buckingham Investments, Inc,

362 E Louise Street

Long Beach, CA, 90805

$3,375,000

$349 per ft²
$3,375,000
$349 per ft²
Pending
Pending
 - For Sale
carpenters-square
9,648 ft²
property_type
Multi-family
calendar
Built 1964
Easy to own asset that is a great addition to any portfolio! This clean and well-maintained 12-unit property consists of eight 2bed/1bath units and four 1bed/1bath units with eight garages and private laundry/ storage rooms. The entire property is secured with coded entry and a brand new camera system. Plus, two of the units were recently refurbished and the entire roof is brand new. Each unit is in good condition, offers a functional layout, and provides plenty of space for the tenants to enjoy. Located in the path of progress - this dense rental market is perfect for investors who enjoy low vacancy rates, high market rental rates, and strong long-term appreciation. Close proximity to Bixby Knolls and all the new large scale redevelopment projects (The Beat, The Uptown, Uptown Commons, etc.) by nationally acclaimed developers coming online along the Atlantic corridor brings a ton of long-term value to the local market. Downtown Long Beach, the beach, parks, public transportation, easy freeway access, and other community amenities/ attractions are close by for all to enjoy. Long Beach is resurging due to hundreds of millions of dollars invested in private and public developments, a growing local economy with strong employment, and the increasing demand to "live, work, and play" in this remarkable community.
MLS® ID:
SB22131119
Listed:
6/15/22
Updated:
10/5/22

Interior Features

Kitchen Appliances
Free-Standing Range, Gas Cooktop, Gas Oven, Gas Range, Refrigerator
Total Bedrooms
0
Total Bathrooms
0
Interior Features
Multiple Staircases, Utility Room
Laundry Description
Common Area, Laundry Room
Floor Description
Carpet, Laminate, Vinyl
Fireplace
None
Cooling
None
Heating
Wall Furnace

Exterior/Building Features

Lot Size
0.28 acres lot
Lot Details
Front Yard, Landscaped, Near Park, Near Public Transit
Roof
Composition, Shingle
Sewer
Public Sewer

Other Property Details

Area Name
7 - North Long Beach
HOA Amenities
Curbs, Sidewalks, Gated, Park
Garage
Yes
Garage Spaces
8
Parking
Y
Parking Total
8.0
View
Y
County
Los Angeles
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Water Source
Public
Pool
No
Pool Description
None
Total Stories
2
Zoning
LBR1N

Property History

Date
Event
Price
Value
8/10/22
Pending
-
-
7/16/22
Price Change
$3,375,000
-3%

 

Listed by Matthew Mahowald, Buckingham Investments, Inc,

Based on information from California Regional Multiple Listing Service, Inc. as of 10/5/22. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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Data last updated 7:51 AM UTC, 10/5/22

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