$1,675,000
$1,698,000
1.4%For more information regarding the value of a property, please contact us for a free consultation.
1202 Mahanna AVE Long Beach, CA 90813
0.28 Acres Lot
Key Details
Sold Price $1,675,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Downtown (Dt)
MLS Listing ID PW20103272
Sold Date 11/02/20
Construction Status Updated/Remodeled,Turnkey
HOA Y/N No
Year Built 1947
Lot Size 0.280 Acres
Property Description
Back On The Market! Perfect Mid-Century Modern Revival Income Property That Is 100% Occupied & Loaded With Potential!
3D Matterport: https://my.matterport.com/show/?m=ZY9zjE1ZRuy&brand=0
Turnkey six unit complex in the heart of a dense rental population in downtown Long Beach, CA. Unit rent is setting the new standard in 90813. The newly renovated building consists of six spacious units, with each unit comprised of over 665 square feet in total space. The property consists of a double lot - totaling close to 12,000 square feet, creating a phenomenal asset at a time when the area close to the water is becoming extremely rare to come by. The larger lot creates an expansive space in the back of the property, where there is room enough for seven uncovered parking spots in total. Each unit is similar in design and quality, creating an ease in finding potential renters to fill the building at all times. Every unit has side by side laundry located in the unit. Vinyl flooring throughout each unit. The kitchen in each unit is equipped with new quartz countertops and shaker cabinets. Each unit has canned lighting in the ceiling, and walls and windows are in perfect condition. In addition to the uncovered spots, there is a 2 car garage on the property that could be rented out for $300 per month, as well as two one car garages that could be rented out for an additional $150 per garage. Located in a strong rental market capable of capturing a huge potential upside in rents.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Zoning LBR2N
Interior
Interior Features All Bedrooms Down
Flooring Vinyl
Fireplace No
Appliance Disposal, Microwave
Laundry Washer Hookup, Gas Dryer Hookup, Inside
Exterior
Parking Features Assigned, Door-Multi, Door-Single, Garage, Garage Door Opener
Garage Spaces 4.0
Garage Description 4.0
Fence Wood
Pool None
Community Features Sidewalks, Urban
Total Parking Spaces 11
Private Pool No
Building
Lot Description Front Yard
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Architectural Style Mid-Century Modern
Level or Stories One
New Construction No
Construction Status Updated/Remodeled,Turnkey
Others
Senior Community No
Tax ID 7267002018
Acceptable Financing Submit
Listing Terms Submit
Financing Conventional
Special Listing Condition Standard
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Bought with General NONMEMBER • NONMEMBER MRML