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$ 1,695,000
Est. payment | /mo
1 Bed
5,854 Sqft Lot
$ 1,695,000
Est. payment | /mo
1 Bed
5,854 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Pending
Purchase Type For Sale
MLS Listing ID PW25198017
Bedrooms 1
Lot Size 5,854 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
1222 E 10th St., Long Beach represents an excellent opportunity for cash flow and upside within a centrally located, straight forward "Bread and butter" asset. Consisting of nicely sized (6) Studio-1 bath and (4) 1 Bed-1 bath units, the property has a consistently high occupancy rate. 5 of 10 units are currently eligible for rent increases Unit interiors have been upgraded as well as the electrical system converted to separate meters and subpanels with capacity for expansion in each unit. The building exterior has just been cleaned, preserved and painted. There is potential to add a laundry room in a large water heater/ store room at the rear of the property (Buyer to verify)
Location
State CA
County Los Angeles
Zoning Assessor
Direction From 405 freeway, take Orange Ave south. Left on 10th Street
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Tax ID 7267022005
Acceptable Financing Cash, Conventional, Exchange
Listing Terms Cash, Conventional, Exchange
Listed by Eric Christopher WSC Realty Advisors Inc.
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Roy Wannamaker
REALTOR® | Lic# CA DRE 01838753