174 E Plymouth, Long Beach, CA 90805

$2,200,000

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List Price
$2,200,000
Status
ACTIVE
MLS#
PW26087198
Year Built
1961
Lot Size
7,502
Acres
0.17
Lot Location
6-10 Units/Acre, Paved
Days on Market
98
Property Type
Multifamily
Property Sub Type
Apartment
Stories
Two Levels
Neighborhood
North Long Beach (Nlb)

Property Description

174 E Plymouth Street is a 9-unit apartment building located in Long Beach, California. Constructed in 1961, the subject property contains 6,187 rentable square feet that is placed on a 7,500 square foot lot. The existing units consist of (9) 2 Bed + 1 Bath units, additionally there are 4 single car parking garages and a shared laundry room.  The subject property is located in the eye of the Addams neighborhood, of North Long Beach. Situated just one block South of Market Street, and two blocks East of Long Beach Blvd the property benefits from its convenient location. Long Beach Blvd is known for its diverse range of amenities, including fine dining options, retail shopping centers, and various businesses. With a high walk score of 83, this indicates that residents in this area can easily access these establishments on foot, contributing to a vibrant and walkable neighborhood. These locations may provide additional local services, cultural centers, or points of interest that contribute to the overall appeal and character of the neighborhood.   The subject property is attractive to a wide tenant pool because it contains an attractive unit type.  2-bedroom apartments appeal to a broad range of tenants, including work from home individuals looking for an at-home office, small families, couples, and those with roommates. This versatility increases the chances of finding suitable tenants quickly, reducing vacancies and maximizing rental income.   174 Plymouth Street is an exceptional investment opportunity for those looking to acquire a quality multifamily property in Long Beach. With its attractive design, convenient location, and functional units, this apartment building is sure to be a desirable destination for renters and a smart investment for its owner.

Additional Information

Pool Description
None
Garage Spaces Total
4
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Number Of Units Total
9
Gross Scheduled Income
$192,642
Operating Expense
73717

Listing courtesy of Listing Agent: Justin White (thesbgbp@gmail.com) from Listing Office: Justin White.

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . 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.