Long Beach, CA 90813,1202 Mahanna AVE
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Long Beach, CA 90813,1202 Mahanna AVE
Long Beach, CA 90813,1202 Mahanna AVE
Long Beach, CA 90813,1202 Mahanna AVE
Long Beach, CA 90813,1202 Mahanna AVE

$1,675,000

Est. payment /mo

$1,698,000

1.4%
Est.Price: ?

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1202 Mahanna AVE Long Beach, CA 90813

0.28 Acres Lot

SOLD DATE : 11/02/2020

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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California Regional MLS (CRMLS)
Listed by Jeff Warren • First Team Real Estate
Bought with General NONMEMBER • NONMEMBER MRML
agent

John Vogel

Real Estate Advisor | License ID: DRE 01445571

+1(760) 712-2437

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