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    549 E 17th Street

    Long Beach, CA 90813
    • $874,900
    • STATUS: Active
    • ON SITE: 59 days
    • ID#: PW20171813
    UPDATED: 22 min ago
    $874,900
    • 0
      BEDS
    • 0.05
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,080
      SQFT
    • $284
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1923
    County:

    School Ratings & Info

    Description

    Welcome to 17th Street Apartments, a restored Four Unit Building in the heart of Long Beach. The owner/user unit was just recently remodeled and is FHA/VA buyer ready. One unit will be delivered vacant. 17th St has oversized units and a new buyer could possibly maximize income by converting existing 1 bedroom to 2 bedroom units, buyer to verify. Building boasts a newer roof which was replaced in March of 2019. Located just 10 mins North of Downtown Long Beach and the Pike with direct access to 710 and 405 freeways. 17th Street has a potential pro forma Cap Rate of 6.4% and potential pro forma GRM of 8.2.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-25T11:26:45.23. 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/109412269
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    549 E 17th Street Long Beach, CA 90813

    • Price: $874,900
    • Status: Active
    • Updated: 22 min ago
    • ID#: PW20171813
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.05
    Acres
    3,080
    SQFT
    $284
    $/SQFT
    1923
    Built
    Neighborhood:
    Poly High (Ph)
    County:
    Los Angeles
    Area:
    9 - Poly High
    Property Description
    Welcome to 17th Street Apartments, a restored Four Unit Building in the heart of Long Beach. The owner/user unit was just recently remodeled and is FHA/VA buyer ready. One unit will be delivered vacant. 17th St has oversized units and a new buyer could possibly maximize income by converting existing 1 bedroom to 2 bedroom units, buyer to verify. Building boasts a newer roof which was replaced in March of 2019. Located just 10 mins North of Downtown Long Beach and the Pike with direct access to 710 and 405 freeways. 17th Street has a potential pro forma Cap Rate of 6.4% and potential pro forma GRM of 8.2.
    Exterior Features

    Garage Spaces 0.00 Lot Features Near Public Transit Lot Size Source Assessor Lot Size Units Square Feet Parking Total 0.00 Pool Features None Pool Private YN No Property Attached YN Yes

    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 2+ Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Heating Wall Furnace Heating YN Yes Laundry Features None Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 4.82 Community Features Urban Country Us Elevation Units Feet Fuel Expense 0.00 Gross Income 0.00 Gross Multiplier 15.10 Gross Operating Income 57600.00 Gross Scheduled Income 57600.00 Insurance Expense 1400.00 Land Lease YN No Laundry YN No Net Operating Income 46800.00 New Construction YN No New Taxes Expense 12500.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Number Of Units Leased 3 Operating Expense 10800.00 Other Expense 240.00 Other Expense Description Gas Property Sub Type Quadruplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Poly High (Ph) Tenant Pays ElectricityGasTrash Collection Total Actual Rent 3300.00 Total Expenses 15340.00 Trash Expense 0.00 Vacancy Allowance Rate 0.00 Water Sewer Expense 1200.00 Water Source Public Year Built Source Assessor Zoning Lbco

    Listing provided courtesy of Alberto Garcia of Pacific Properties Rlty Group


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-25T11:26:45.23. 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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