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    2901 E 10th Street

    Long Beach, CA 90804
    • $4,300,000
    • STATUS: Active
    • ON SITE: 105 days
    • ID#: OC20135747
    UPDATED: 33 min ago
    $4,300,000
    • 0
      BEDS
    • 0.21
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 12,287
      SQFT
    • $350
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1963
    County:

    School Ratings & Info

    Description

    2901 East 10th Street is a 16-unit multifamily investment property located in Long Beach, one of the premier housing markets in Southern California. Situated on a 0.21-acre lot, 2901 East 10th Street offers studio, one, two, and three-bedroom units and includes amenities such as controlled access, security doors, private balconies (select units), garage parking for additional rent, and on-site laundry. Current ownership has renovated 68% of the units and these capital improvements include new flooring, cabinets, countertops, light fixtures, paint, hardware, and shower enclosures.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-24T16:28:54.54. 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 deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.

    www.therealestategirl.com/homes/107751072
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    2901 E 10th Street Long Beach, CA 90804

    • Price: $4,300,000
    • Status: Active
    • Updated: 33 min ago
    • ID#: OC20135747
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.21
    Acres
    12,287
    SQFT
    $350
    $/SQFT
    1963
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Los Angeles
    Area:
    699 - Not Defined
    Property Description
    2901 East 10th Street is a 16-unit multifamily investment property located in Long Beach, one of the premier housing markets in Southern California. Situated on a 0.21-acre lot, 2901 East 10th Street offers studio, one, two, and three-bedroom units and includes amenities such as controlled access, security doors, private balconies (select units), garage parking for additional rent, and on-site laundry. Current ownership has renovated 68% of the units and these capital improvements include new flooring, cabinets, countertops, light fixtures, paint, hardware, and shower enclosures.
    Exterior Features

    Garage Spaces 14.00 Lot Features Corner LotLevelPaved Lot Size Source Assessor Lot Size Units Acres Parking Total 14.00 Pool Features None Pool Private YN No Property Attached YN No

    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 No Common Walls Laundry Features Community Levels Three Or More

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features CurbsGuttersSidewalksStreet Lights Country Us Electric Expense 4134.50 Elevation Units Feet Fuel Expense 4134.50 Gross Income 287815.00 Gross Operating Income 279630.00 Gross Scheduled Income 272832.00 Insurance Expense 5638.00 Land Lease YN No Laundry YN Yes Maintenance Expense 8000.00 Net Operating Income 166359.00 New Construction YN No New Taxes Expense 54710.00 Number Of Separate Electric Meters 16 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Number Of Units Leased 16 Operating Expense 113271.00 Other Expense 17200.00 Other Expense Description Misc Other Income1 14983.00 Professional Management Expense 11185.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 22736.00 Total Expenses 113271.00 Trash Expense 4134.50 Vacancy Allowance 8185 Water Sewer Expense 4134.50 Water Source Public Year Built Source Assessor Zoning Lbr2n

    Listing provided courtesy of Tyler Leeson of Marcus & Millichap Re Invest


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-24T16:28:54.54. 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 deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.

     
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