REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Anthony P. Walker • Buckingham Investments, Inc
$ 1,450,000
Est. payment /mo
Active
816 Alamitos Avenue Long Beach, CA 90813
3,498 SqFt
UPDATED:
Key Details
Property Type Other Types
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,498 sqft
Price per Sqft $414
Subdivision Eastside
MLS Listing ID SB-25066385
Year Built 1922
Lot Size 6,483 Sqft
Property Sub-Type Quadruplex
Property Description
This large 3 building campus of a 4 unit property is one block North of Downtown Long Beach and Alamitos Beach. One 5 bed/1 bath house, one 4 bed/2 bath house, and two 3 bed/1 bath apartments on a 6483 square foot lot. Lowest GRM and best income 4 unit for sale in the whole city of Long Beach at 11.8X GRM on actuals and 11.4X GRM on market rents, and is only 8 blocks to the beach and Pacific Ocean. Low expense property separately metered for gas and electric. Well maintained and professionally managed in a dense, high demand rental market. The property is close to St Mary's hospital and Long Beach Community College plus numerous other job centers in the area. Per Costar, 61% of households within a 5 mile radius are renters with an average household income of over $98,000.
Location
State CA
County Los Angeles
Zoning LBR4N
Interior
Heating Wall Furnace
Cooling None
Flooring Laminate, Tile
Fireplaces Type None
Laundry None
Exterior
Parking Features None
Pool None
Community Features Urban
Utilities Available Sewer Connected, Water Connected, Electricity Connected, Natural Gas Connected
View Y/N No
View None
Building
Lot Description Rectangular Lot
Sewer Public Sewer