245 E Artesia Boulevard

    Long Beach, CA 90805
    • $1,399,000
    • STATUS: Active
    • ON SITE: 163 days
    • ID#: SB18006325
    UPDATED: 150 min ago
    $1,399,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,437
      SQFT
    • $217
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1968
    County:

    School Ratings & Info

    Description

    At only $217/sq. ft., this is one of the lowest sq.ft. prices in Long Beach. Clean landscaping. The property has 7 separate 4 garages. Copper plumbing, newer roof and in very clean condition, this property has tremendous rental upside The property has a very achievable CAP of 5.7% and 12.36 GRM. Pride of Ownership Building that must be seen. The 5 units are huge - 1,650 sq. ft. 3 bedroom 2 bath Owner's Unit, with Fireplace and 2 parking spots. There are also Four 1,200 sq. ft. 2 bedroom + 2 bathroom units each with Fireplace and one parking garage. At over 50% Rental Upside Property can be making money immediately. 6,437 SF Building , 7,385 SF Lot (triple lot). Being close to the 91 and 710 Freeways it has great Freeway access. Laundry machines owned by Building. BRING ALL OFFERS!!

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-24T00:28:18.443. 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/79905930

    245 E Artesia Boulevard Long Beach, CA 90805

    • Price: $1,399,000
    • Status: Active
    • Updated: 150 min ago
    • ID#: SB18006325
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    6,437
    SQFT
    $217
    $/SQFT
    1968
    Built
    Neighborhood:
    North Long Beach (Nlb)
    County:
    Los Angeles
    Area:
    7 - North Long Beach
    Property Description
    At only $217/sq. ft., this is one of the lowest sq.ft. prices in Long Beach. Clean landscaping. The property has 7 separate 4 garages. Copper plumbing, newer roof and in very clean condition, this property has tremendous rental upside The property has a very achievable CAP of 5.7% and 12.36 GRM. Pride of Ownership Building that must be seen. The 5 units are huge - 1,650 sq. ft. 3 bedroom 2 bath Owner's Unit, with Fireplace and 2 parking spots. There are also Four 1,200 sq. ft. 2 bedroom + 2 bathroom units each with Fireplace and one parking garage. At over 50% Rental Upside Property can be making money immediately. 6,437 SF Building , 7,385 SF Lot (triple lot). Being close to the 91 and 710 Freeways it has great Freeway access. Laundry machines owned by Building. BRING ALL OFFERS!!
    Exterior Features

    Garage Spaces 7.00 Lot Features 2-5 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 7.00 Pool Features None Pool Private YN No Property Attached YN Yes

    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 2+ Common Walls Fireplace Features Living Room Fireplace YN Yes Laundry Features Dryer IncludedWasher Included Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features CurbsSidewalksStreet Lighting Country Us Elevation Units Feet Gross Income 60990.00 Gross Scheduled Income 64200.00 Insurance Expense 2575.00 Land Lease YN No Laundry Income 50.00 Laundry YN Yes Net Operating Income 31631.00 New Taxes Expense 17046.00 Number Of Separate Electric Meters 5 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 1 Number Of Units Leased 5 Operating Expense 29359.00 Professional Management Expense 0.00 Rent Control YN No Senior Community YN No Special Listing Conditions Standard Subdivision Name Other North Long Beach (Nlb) Tenant Pays ElectricityGas Total Actual Rent 5300.00 Total Expenses 24805.00 Trash Expense 2880.00 Vacancy Allowance Rate 3.00 Water Sewer Expense 2304.00 Water Source Public Zoning Lbr3t

    Listing provided courtesy of Michael Millea of Keller Williams Beach Cities.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-24T00:28:18.443. 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