337 Atlantic Avenue

    Long Beach, CA 90802
    • $2,200,000
    • STATUS: Active
    • ON SITE: 128 days
    • ID#: PW17234494
    UPDATED: 40 min ago
    $2,200,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,788
      SQFT
    • $282
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1991
    County:

    School Ratings & Info

    Description

    We are pleased to present a 5 unit apartment building located at 337 Atlantic Avenue in Long Beach, California. The property has a rare characteristic of being built in 1991 and can converted to condos and is located in the East Village Area where many new developments are set for 2018 and 2019. It consists of 7,508 rentable square feet spread throughout a 7,788 square foot lot. Two units are 3 bedrooms / 2.5 bathrooms and three units are 2 bedrooms / 2.5 bathrooms. Each of the units has patios and balconies. The property is separately metered for gas, electricity and water with copper plumbing throughout the entire building. There are washer and dryer hookups in every unit. There are 11 parking spaces for tenant convenience and potential owner extra income. The subject property is located in Alamitos Beach Owners enjoy the high demand for rentals in a coastal city of Southern California. Tenants enjoy living just three blocks from the ocean and walking distance to Downtown Long Beach where there are shops, restaurants, cafes, entertainment centers and grocery stores.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-02-18T12:26:32.61. 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/77521005

    337 Atlantic Avenue Long Beach, CA 90802

    • Price: $2,200,000
    • Status: Active
    • Updated: 40 min ago
    • ID#: PW17234494
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    7,788
    SQFT
    $282
    $/SQFT
    1991
    Built
    Neighborhood:
    Alamitos Beach (Ab)
    County:
    Los Angeles
    Area:
    4 - Downtown Area, Alamitos Beach
    Property Description
    We are pleased to present a 5 unit apartment building located at 337 Atlantic Avenue in Long Beach, California. The property has a rare characteristic of being built in 1991 and can converted to condos and is located in the East Village Area where many new developments are set for 2018 and 2019. It consists of 7,508 rentable square feet spread throughout a 7,788 square foot lot. Two units are 3 bedrooms / 2.5 bathrooms and three units are 2 bedrooms / 2.5 bathrooms. Each of the units has patios and balconies. The property is separately metered for gas, electricity and water with copper plumbing throughout the entire building. There are washer and dryer hookups in every unit. There are 11 parking spaces for tenant convenience and potential owner extra income. The subject property is located in Alamitos Beach Owners enjoy the high demand for rentals in a coastal city of Southern California. Tenants enjoy living just three blocks from the ocean and walking distance to Downtown Long Beach where there are shops, restaurants, cafes, entertainment centers and grocery stores.
    Exterior Features

    Garage Spaces 0.00 Lot Features 2-5 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 11.00 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 Laundry Features Gas Dryer HookupWasher Hookup

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features CurbsSidewalks Country Us Electric Expense 537.00 Elevation Units Feet Fuel Expense 537.00 Gardener Expense 420.00 Gross Income 101850.00 Gross Operating Income 101850.00 Gross Scheduled Income 105000.00 Insurance Expense 2563.00 Land Lease YN No Laundry YN Yes Maintenance Expense 3127.00 Net Operating Income 68842.00 New Taxes Expense 24750.00 Number Of Separate Electric Meters 5 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 1 Operating Expense 33008.00 Operating Expense Percent 32.40 Professional Management Expense 0.00 Rent Control YN No Senior Community YN No Sewer Unknown Special Listing Conditions Standard Subdivision Name Other Alamitos Beach (Ab) Total Actual Rent 12875.00 Total Expenses 33008.00 Trash Expense 537.00 Vacancy Allowance Rate 3.00 Water Sewer Expense 537.00 Water Source Public Year Built Source Assessor Zoning Lbpd30

    Listing provided courtesy of Kevin King of Marcus & Millichap.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-02-18T12:26:32.61. 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