1020 E Broadway, Long Beach, CA 90802
- $2,600,000
- List Price
- $2,600,000
- Status
- ACTIVE
- MLS#
- SB26155227
- Year Built
- 1963
- Lot Size
- 3,743
- Acres
- 0.09
- Lot Location
- 2-5 Units/Acre
- Days on Market
- 28
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Stories
- Two Levels
- Neighborhood
- North Long Beach (Nlb)
Property Description
Excellent investment opportunity in the heart of Long Beach. This well-maintained four-unit property features an attractive unit mix consisting of three 2-bedroom/1-bath units and one spacious 3-bedroom/2-bath unit. The property is currently fully occupied and generates approximately $10,197 in monthly rental income. Recent improvements include upgraded electrical panels, providing additional value and reduced future capital expenditure. Conveniently located near Downtown Long Beach, shopping, dining, public transportation, major freeways, and the waterfront. An ideal opportunity for investors seeking stable in-place income with potential for future rental growth. Please do not disturb occupants. Drive by only. Property will be shown with an accepted offer. Buyer and buyer’s agent to independently verify all property information, rents, expenses, permits, and square footage.
Additional Information
- Taxes
- $32,388
- Appliances
- Built-In Range, Electric Range, Gas Range
- Pool Description
- None
- Fireplace Description
- Bath, Dining Room, Family Room, Kitchen, Library, Living Room, Primary Bedroom
- Heat
- Electric
- Cooling
- Yes
- Cooling Description
- Electric, Gas
- View
- Neighborhood
- Garage Spaces Total
- 3
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- All Bedrooms Down
- Attached Structure
- Attached
- Number Of Units Total
- 4
- Gross Scheduled Income
- $122,368
- Operating Expense
- 68257
Listing courtesy of Listing Agent: Makoto Ozaki (slc84124@icloud.com) from Listing Office: Person Realty Inc..
Mortgage Calculator
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.