245 E Artesia Boulevard

    Long Beach, CA 90805
    • $1,495,000
    • STATUS: Active
    • ON SITE: 40 days
    • ID#: SB18006325
    UPDATED: 43 min ago
    $1,495,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,437
      SQFT
    • $232
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1968
    County:

    School Ratings & Info

    Description

    Very large 3 bedroom 2 bath Owner's Unit, with Fireplace. This is an Investment Property you wont want to miss! At over 50% Rental Upside it can be making money immediately. Each unit has 2 bathrooms and at least one parking space. They are very large units - 6,437 SF Building , 7,385 SF Lot. Being close to the 91 and 710 Freeways it has great Freeway access. Laundry machines owned by Building. BRING ALL OFFERS

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-02-21T09:25:54.41. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.inlandempiresold.com/homes/79905930

    245 E Artesia Boulevard Long Beach, CA 90805

    • Price: $1,495,000
    • Status: Active
    • Updated: 43 min ago
    • ID#: SB18006325
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    6,437
    SQFT
    $232
    $/SQFT
    1968
    Built
    Neighborhood:
    North Long Beach (Nlb)
    County:
    Los Angeles
    Area:
    7 - North Long Beach
    Property Description
    Very large 3 bedroom 2 bath Owner's Unit, with Fireplace. This is an Investment Property you wont want to miss! At over 50% Rental Upside it can be making money immediately. Each unit has 2 bathrooms and at least one parking space. They are very large units - 6,437 SF Building , 7,385 SF Lot. Being close to the 91 and 710 Freeways it has great Freeway access. Laundry machines owned by Building. BRING ALL OFFERS
    Exterior Features

    Garage Spaces 7.00 Lot Features 2-5 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 7.00 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 Laundry Features Dryer IncludedWasher Included Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 2.04 Community Features CurbsSidewalksStreet Lighting Country Us Elevation Units Feet Gross Income 60990.00 Gross Multiplier 23.29 Gross Scheduled Income 64200.00 Insurance Expense 3000.00 Land Lease YN No Laundry YN Yes Net Operating Income 30181.00 New Taxes Expense 7300.00 Number Of Separate Electric Meters 5 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 1 Number Of Units Leased 5 Operating Expense 30809.00 Professional Management Expense 0.00 Rent Control YN No Senior Community YN No Special Listing Conditions Standard Subdivision Name Other North Long Beach (Nlb) Total Actual Rent 5300.00 Total Expenses 10875.00 Trash Expense 200.00 Water Sewer Expense 375.00 Water Source Public Zoning Lbr3t

    Listing provided courtesy of Michael Millea of Keller Williams Beach Cities.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-02-21T09:25:54.41. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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