220 E 57th Street
Long Beach,
CA
90805
Property Details
List Price: |
$1,999,888 |
Beds: |
10 |
Baths: |
9 |
Status: |
Pending |
SqFt: |
4681 |
Agency: |
Mulhearn Realtors Inc. |
Description/Comments
Lot Size: |
6,647 sqft |
Property Type: |
MultiFamily |
Year Built: |
1961 |
Notes: |
New Price! Take advantage of this great opportunity on this 10-Unit apartment building just north of Bixby Knolls in North Long Beach. Brand-new dual pane vinyl windows just installed throughout, over $30k spent, entire exterior building just painted, over $10k spent. Eight (8) One bedroom/one-bathroom units and One (1) Two-bedroom/one-bathroom unit, and One (1) Studio; all separately metered for gas and electric. Some units have been updated as they have come available. Room to increase rents on several units! $174,418 GSI with rents, garages and laundry income. Private courtyard area with grass area, sprinklers and professionally landscaped. On-site laundry room as well as 7 garages which earn added income. (Garages are charged separately $75/garage.) Studio (10th unit) per tax records, is not permitted as a unit. If buyer desires to permit it after purchase, plans have already been submitted and approved by the city with an extension, to convert studio and 2 garage spaces, to a 516 sq/ft ADU. Also included are additional plans (not submitted to the city) to convert 4 additional garage spaces to 697 sq/ft ADU with the potential of making 57th Street a 11-unit building. ADU plans are available upon request. Please do not disturb the tenants. |
MlsNumber: |
PW23181804 |
Estimate Your Monthly Payment
Listing Provided By: |
Mulhearn Realtors Inc., original listing |
Name: |
Mulhearn Realtors Inc. |
Phone: |
(562) 860-2625 |
Office Name: |
Berkshire Hathaway HomeServices California Pr |
Office Phone: |
(562) 809-1331 |
Agent Name: |
Blair Newman |
Disclaimer: |
Copyright © 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |