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325 W 10th Street

Long Beach, CA 90813
  • $2,425,000
  • STATUS: Active
  • ON SITE: 16 Days
  • ID#: PW21218127
UPDATED: 114 min ago
$2,425,000
  • 0
    BEDS
  • 0.19
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1916
County:

School Ratings & Info

Description

325 W. 10th Street is a 9-unit investment asset in the up-and-coming Willmore City Historic District, just north of Downtown Long Beach. The property offers (8) one-bedroom/one-bath apartments, with laminate wood or vinyl plank flooring, and a remodeled two-bedroom/one-bath house inthe rear. The house is master leased with sub-lease tenants providing exceptional income. A laundry room with machines owned by the building provides existing income, as do the two garages and three parking spaces. Both laundry and parking income have the potential to be increased. This property is in very close proximity to all of the exciting amenities and employment opportunities in Downtown Long Beach. The location is popular for commuters because it provides easy access to the 710 and 405 freeways as well as the Metro Blue Line which runs between Downtown Long Beach and Downtown Los Angeles, with 22 stops along the way. 325 W. 10th Street offers an investor the opportunity to own a solid asset in an up-and-coming area adjacent to booming Downtown Long Beach.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-18T00:25:52.45. 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 deemed reliable but is not guaranteed accurate by the MLS or The Parsons Team | Keller Williams Realty. Licensed in the State of California, USA.
www.theparsonsrealestateteam.com/homes/121995520
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325 W 10th Street Long Beach, CA 90813

  • Price: $2,425,000
  • Status: Active
  • Updated: 114 min ago
  • ID#: PW21218127
0
Beds
0
Baths
0
½ Baths
0.19
Acres
1916
Built
Neighborhood:
Willmore District (Wm)
County:
Los Angeles
Area:
4 - Downtown Area, Alamitos Beach
Property Description
325 W. 10th Street is a 9-unit investment asset in the up-and-coming Willmore City Historic District, just north of Downtown Long Beach. The property offers (8) one-bedroom/one-bath apartments, with laminate wood or vinyl plank flooring, and a remodeled two-bedroom/one-bath house inthe rear. The house is master leased with sub-lease tenants providing exceptional income. A laundry room with machines owned by the building provides existing income, as do the two garages and three parking spaces. Both laundry and parking income have the potential to be increased. This property is in very close proximity to all of the exciting amenities and employment opportunities in Downtown Long Beach. The location is popular for commuters because it provides easy access to the 710 and 405 freeways as well as the Metro Blue Line which runs between Downtown Long Beach and Downtown Los Angeles, with 22 stops along the way. 325 W. 10th Street offers an investor the opportunity to own a solid asset in an up-and-coming area adjacent to booming Downtown Long Beach.
Exterior Features

Lot Features 6-10 Units/Acre Number Of Separate Electric Meters 2 Open Parking Spaces 3 Parking Total 5 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Common Interest Community Apartment Community Features Urban Electric Expense 4825 Fuel Expense 4825 Garage YN Yes Gross Income 188966 Gross Scheduled Income 198912 Insurance Expense 2900 Land Lease YN No Laundry Features Laundry Room Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan1031 Exchange Maintenance Expense 7250 Net Operating Income 114668 New Construction YN No New Taxes Expense 30275 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Operating Expense 74299 Other Expense 2025 Pest Control Expense 1500 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 4825 Water Sewer Expense 4825 Water Source Public Zoning Lbpd10

Listing provided courtesy of Robert Stepp of Keller Williams - Santa Monica and Mark Witsken of Keller Williams-Santa Monica


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-18T00:25:52.45. 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 deemed reliable but is not guaranteed accurate by the MLS or The Parsons Team | Keller Williams Realty. Licensed in the State of California, USA.
 
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