$1,245,000
$1,200,000
3.8%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 06/19/2017
Key Details
Sold Price $1,245,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Poly High (Ph)
MLS Listing ID SB17070197
Sold Date 06/19/17
HOA Y/N No
Year Built 1923
Property Description
1827 Orange Avenue Apartments have been priced to sell at $120,000/unit. The 10 unit courtyard style building is located across the street from Long Beach City College. The unit mix consists of 6 studios, 3 one bedroom/one bath units and one 2 bedroom/one bathroom unit. The property offers an on-site laundry facility and 8 parking spaces. The asset is located in a desirable rental area close to freeways providing quick access to Los Angeles and Orange County. The neighborhood offers several groceries stores, restaurants, coffee shops, parks, schools and public transit routes within walking distance. The existing tenant base has been there for multiple years thus providing flexibility to a buyer with a potential favorable value add opportunity.
Location
State CA
County Los Angeles
Area 9 - Poly High
Zoning LBR2N
Interior
Cooling None
Fireplace No
Exterior
Pool None
Community Features Curbs, Gated
Total Parking Spaces 8
Private Pool No
Building
Lot Description Paved
Story One
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Tax ID 7210032017
Security Features Gated Community
Acceptable Financing Submit
Listing Terms Submit
Financing Conventional
Special Listing Condition Standard
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Bought with Matthew Pernice • NWRE Brokers
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Broker Associate | Lic# 01398838