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    4117 E Mendez Street

    Long Beach, CA 90815
    • $1,875,000
    • STATUS: Active
    • ON SITE: 46 Days
    • ID#: PW21186034
    UPDATED: 35 min ago
    $1,875,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1963
    County:

    School Ratings & Info

    Description

    4117 E Mendez is in a prime location and is the ideal student housing opportunity for CSU Long Beach students. Eliminate the stress of whether tenants are going to pay rent, as student housing rents are typically guaranteed by parents. Located just 5 minutes from CSULB and near the Traffic Circle, with a plethora of restaurants and supermarkets to choose from, this property is in a perfect location for any investor. With large units and an awesome unit mix of one large 3 Bedroom /2 Bath unit, one 2 Bedroom /2 Bath unit, and two 2 Bedroom/ 1 Bath units each with their own garage, this property appeals to a wide range of tenants. As an added bonus, the best part is that you get to set the new rents with THREE units to be delivered vacant at close of escrow.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-16T10:26:14.627. 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/120948557
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    4117 E Mendez Street Long Beach, CA 90815

    • Price: $1,875,000
    • Status: Active
    • Updated: 35 min ago
    • ID#: PW21186034
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    1963
    Built
    Neighborhood:
    Circle (Ca)
    County:
    Los Angeles
    Area:
    3 - Eastside, Circle Area
    Property Description
    4117 E Mendez is in a prime location and is the ideal student housing opportunity for CSU Long Beach students. Eliminate the stress of whether tenants are going to pay rent, as student housing rents are typically guaranteed by parents. Located just 5 minutes from CSULB and near the Traffic Circle, with a plethora of restaurants and supermarkets to choose from, this property is in a perfect location for any investor. With large units and an awesome unit mix of one large 3 Bedroom /2 Bath unit, one 2 Bedroom /2 Bath unit, and two 2 Bedroom/ 1 Bath units each with their own garage, this property appeals to a wide range of tenants. As an added bonus, the best part is that you get to set the new rents with THREE units to be delivered vacant at close of escrow.
    Exterior Features

    Architectural Style Traditional Fencing None Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 5 Parking Features GaragePavedGarage Faces Rear Parking Total 4 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Alley PavedPaved Roof Shingle

    Interior Features

    Common Walls 1 Common Wall Fireplace Features Family Room Fireplace YN Yes

    Property Features

    Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 5.39 Common Interest None Community Features BikingCurbsParkStorm Drain(S)Street LightsSidewalks Electric Expense 432 Garage YN Yes Gross Income 144264 Gross Scheduled Income 144264 Insurance Expense 1800 Land Lease YN No Laundry Features Inside Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Conventional Maintenance Expense 2812 Net Operating Income 100985 New Construction YN No New Taxes Expense 23438 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Number Of Units Leased 1 Operating Expense 43279 Other Expense 687 Possession Close Of Escrow Property Sub Type Quadruplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 27600 Trash Expense 468 Utilities Cable AvailableElectricity ConnectedNatural Gas ConnectedSewer ConnectedUnderground UtilitiesWater Connected Water Sewer Expense 3600 Water Source Public Zoning Lbr34

    Listing provided courtesy of Juan Huizar of Sage Real Estate and Caleb Baldwin of Sage Real Estate


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-16T10:26:14.627. 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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