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    548 Nebraska Avenue

    Long Beach, CA 90802
    • $1,600,000
    • STATUS: Active
    • ON SITE: 17 days
    • ID#: SB21150101
    $1,600,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1967
    County:

    School Ratings & Info

    Description

    We are pleased to present this 4-unit in North Alamitos Beach, blocks from Long Beachs Retro Row! Priced at a 4.1% CAP rate at $1,600,000 this property boasts an impressive mix of (1) 3bd/2ba, (1) 2bd/1ba, and (2) 2bd/1.5ba large townhome style units. Settled on a 7,428 sqft lot, there is a detached 5 spot parking garage for additional income or potential to add an ADU with room still available for surface parking. There is also a laundry room for additional income. Pride in ownership is shown with multiple capital improvements completed - including roof, termite repair and paint. This building is all electric and has low operating expenditures for the new owner. Dont miss out on this amazing investment opportunity!

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-07-27T16:48:48.38. 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/119197030
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    548 Nebraska Avenue Long Beach, CA 90802

    • Price: $1,600,000
    • Status: Active
    • ID#: SB21150101
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    1967
    Built
    Neighborhood:
    Alamitos Beach (Ab)
    County:
    Los Angeles
    Area:
    4 - Downtown Area, Alamitos Beach
    Property Description
    We are pleased to present this 4-unit in North Alamitos Beach, blocks from Long Beachs Retro Row! Priced at a 4.1% CAP rate at $1,600,000 this property boasts an impressive mix of (1) 3bd/2ba, (1) 2bd/1ba, and (2) 2bd/1.5ba large townhome style units. Settled on a 7,428 sqft lot, there is a detached 5 spot parking garage for additional income or potential to add an ADU with room still available for surface parking. There is also a laundry room for additional income. Pride in ownership is shown with multiple capital improvements completed - including roof, termite repair and paint. This building is all electric and has low operating expenditures for the new owner. Dont miss out on this amazing investment opportunity!
    Exterior Features

    Fencing Good Condition Lot Features 2-5 Units/Acre Number Of Separate Electric Meters 5 Parking Total 5 Pool Features None Pool Private YN No Property Attached YN Yes Roof Common Roof Spa Features None Spa YN No View None View YN No

    Interior Features

    Accessibility Features Parking Common Walls 2+ Common Walls

    Property Features

    Additional Parcels YN No Cap Rate 4.1 Common Interest None Community Features Urban Current Financing Conventional Electric Expense 905 Exclusions Tenant Belongings Fuel Expense 0 Garage YN Yes Gross Income 105108 Gross Scheduled Income 105108 Insurance Expense 1600 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan1031 Exchange Net Operating Income 66137 New Construction YN No Number Of Separate Gas Meters 0 Number Of Separate Water Meters 0 Operating Expense 35842 Rent Control YN No Senior Community YN No Sewer Unknown Special Listing Conditions Standard Trash Expense 0 Vacancy Allowance 3128 Vacancy Allowance Rate 3 Water Sewer Expense 3641 Water Source Public Zoning Lbr3t

    Listing provided courtesy of Sophie Shoemake of Alden Pacific Investments, Inc. and John Alden of Alden Pacific Investments, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-07-27T16:48:48.38. 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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    The Parsons Team | Keller Williams Realty
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    Pasadena CA, 91101