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    4603 E Broadway

    Long Beach, CA 90803
    • $3,300,000
    • STATUS: Active
    • ON SITE: 96 Days
    • ID#: SB21161739
    $3,300,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1922
    County:

    School Ratings & Info

    Description

    Stunning, remodeled 5-Unit apartment building, with ocean views, located justminutes from the beach in Belmont Heights, one of Long Beach's mostdesirable neighborhoods. This turn-key gem has top-of-the-market rents andzero deferred maintenance, making it an ideal opportunity for any investor orexchange buyer looking for great cash-flow and extremely low maintenance.With 4,300 SqFt of rentable space, 4603 E Broadway is comprised of (5)oversized 1Bed/1Bath units, averaging 900 sqft each. All units have beentastefully remodeled, featuring hardwood floors, new cabinets, brand newstainless steel appliances and W/D in unit. 4603 E Broadway also features 3garage parking spots, a rare commodity in the city of Long Beach. Beneficialto the new owner, each unit is separately metered for gas and electricity.Located in beautiful Belmont Heights, one of Long Beach's Top RentalMarkets, 4603 E Broadway is just steps away from 2nd St, an area featuringmany hip restaurants, bars and shopping. The upside in the Long Beachmarket is limitless, with $6 Billion in new capital pouring into projects such asthe Long Beach Civic Center, Long Beach Aquarium, OceanAire Project,CSULB Downtown VIllage, Broadway Block, The Pacific and Queen MaryIsland.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-28T00:27:02.387. 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/119654821
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    4603 E Broadway Long Beach, CA 90803

    • Price: $3,300,000
    • Status: Active
    • ID#: SB21161739
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    1922
    Built
    Neighborhood:
    2 - Belmont Heights, Alamitos Heights
    County:
    Los Angeles
    Area:
    2 - Belmont Heights, Alamitos Heights
    Property Description
    Stunning, remodeled 5-Unit apartment building, with ocean views, located justminutes from the beach in Belmont Heights, one of Long Beach's mostdesirable neighborhoods. This turn-key gem has top-of-the-market rents andzero deferred maintenance, making it an ideal opportunity for any investor orexchange buyer looking for great cash-flow and extremely low maintenance.With 4,300 SqFt of rentable space, 4603 E Broadway is comprised of (5)oversized 1Bed/1Bath units, averaging 900 sqft each. All units have beentastefully remodeled, featuring hardwood floors, new cabinets, brand newstainless steel appliances and W/D in unit. 4603 E Broadway also features 3garage parking spots, a rare commodity in the city of Long Beach. Beneficialto the new owner, each unit is separately metered for gas and electricity.Located in beautiful Belmont Heights, one of Long Beach's Top RentalMarkets, 4603 E Broadway is just steps away from 2nd St, an area featuringmany hip restaurants, bars and shopping. The upside in the Long Beachmarket is limitless, with $6 Billion in new capital pouring into projects such asthe Long Beach Civic Center, Long Beach Aquarium, OceanAire Project,CSULB Downtown VIllage, Broadway Block, The Pacific and Queen MaryIsland.
    Exterior Features

    Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 5 Parking Total 3 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Common Walls 2+ Common Walls

    Property Features

    Additional Parcels YN No Cap Rate 3.5 Common Interest None Community Features BikingCurbsDog ParkPark Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 174960 Gross Scheduled Income 174960 Insurance Expense 0 Laundry Features Inside Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Conventional Net Operating Income 115378 New Construction YN No Number Of Separate Gas Meters 5 Number Of Separate Water Meters 1 Operating Expense 54333 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 0 Water Sewer Expense 0 Water Source Public Zoning Lbr1n

    Listing provided courtesy of Cameron Samimi of Lyon Stahl Investment Real Estate, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-28T00:27:02.387. 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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