1309 E Appleton Street

    Long Beach, CA 90802
    • $4,000,000
    • STATUS: Closed
    • ON SITE: 182 days
    • ID#: OC17277626
    Sold - 05/25/2018
    $4,000,000
    SOLD - 05/25/2018
    • 0
      BEDS
    • 0.19
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,288
      SQFT
    • $431
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1957
    County:

    School Ratings & Info

    Description

    1309 East Appleton Street is a 12-unit multifamily investment property centrally located in the Alamitos Beach neighborhood of Long Beach, California. The property enjoys easy access to Pacific Coast Highway and California State Route 710, as well as, restaurants, theaters, and entertainment venues. Situated on a 0.19-acre lot, the 9,288 square foot property consists of one-bedroom and two-bedroom floor plans averaging 774 square feet. Built in 1957 and renovated in 2017, the property offers an attractive range of in-unit upgrades such as new flooring, paint, and appliances. Common area amenities include garage parking, controlled keypad access, a community barbecue and more.

    Sold by Peter Gillin of Morgan Skenderian.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-21T23:27:08.117. 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.
    www.kristirobertsgroup.com/homes/79495877

    1309 E Appleton Street Long Beach, CA 90802

    • Price: $4,100,000
    • Status: Closed
    • Updated: 26 min ago
    • ID#: OC17277626
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.19
    Acres
    9,288
    SQFT
    $431
    $/SQFT
    1957
    Built
    Neighborhood:
    Alamitos Beach (Ab)
    County:
    Los Angeles
    Area:
    4 - Downtown Area, Alamitos Beach
    Property Description
    1309 East Appleton Street is a 12-unit multifamily investment property centrally located in the Alamitos Beach neighborhood of Long Beach, California. The property enjoys easy access to Pacific Coast Highway and California State Route 710, as well as, restaurants, theaters, and entertainment venues. Situated on a 0.19-acre lot, the 9,288 square foot property consists of one-bedroom and two-bedroom floor plans averaging 774 square feet. Built in 1957 and renovated in 2017, the property offers an attractive range of in-unit upgrades such as new flooring, paint, and appliances. Common area amenities include garage parking, controlled keypad access, a community barbecue and more.
    Exterior Features

    Garage Spaces 6.00 Lot Features Landscaped Lot Size Source Assessor Lot Size Units Acres Parking Total 6.00 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features Community Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features SidewalksStreet Lighting Country Us Electric Expense 1200.00 Elevation Units Feet Fuel Expense 1700.00 Gross Income 267878.00 Gross Operating Income 260338.00 Gross Scheduled Income 267878.00 Insurance Expense 5020.00 Land Lease YN No Laundry YN Yes Maintenance Expense 6000.00 Net Operating Income 174832.00 New Taxes Expense 49109.00 Number Of Separate Electric Meters 12 Number Of Separate Gas Meters 12 Number Of Separate Water Meters 0 Number Of Units Leased 12 Operating Expense 85506.00 Other Expense 7200.00 Other Expense Description Other Professional Management Expense 13017.00 Rent Control YN No Senior Community YN No Special Listing Conditions Standard Subdivision Name Other Alamitos Beach (Ab) Total Actual Rent 20945.00 Total Expenses 85506.00 Trash Expense 460.00 Vacancy Allowance Rate 3.00 Water Sewer Expense 1800.00 Water Source Public Year Built Source Assessor Zoning Lbr3s

    Listing provided courtesy of Tyler Leeson of Marcus & Millichap Re Invest.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-21T23:27:08.117. 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.
     
    Kristi Roberts Group, Inc.
    29910 Murrieta Hot Springs Road
    Murrieta CA, 92563