Long Beach, CA 90806,2165 Earl Ave
Long Beach, CA 90806,2165 Earl Ave
Long Beach, CA 90806,2165 Earl Ave
3
$1,380,000
$1,375,000
0.4%
Est.Price: ?

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8 BD
4 BA
3,769 SqFt

2165 Earl Ave Long Beach, CA 90806

Est. payment /mo
SOLD DATE : 10/16/2024

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Key Details

Sold Price $1,380,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 3,769 sqft

Price per Sqft $366

MLS Listing ID 24-423989

Sold Date 10/16/24

Bedrooms 8

Year Built 1929

Lot Size 6,274 Sqft

Acres 0.144

Property Description

Great investor opportunity to acquire a well maintained 4 unit building located in the high demand South Wrigley Sub-Market of Long Beach. The building is a cash machine, has a 6.9% in place cap rate, a 7.2%+ ProForma Cap Rate, and is 100% leased. It contains (3) spacious 2 Bedroom / 1 Bathroom Units, and (1) very spacious 3 Bedroom / 1 Bathroom Unit. The building also has a detached garage complex containing (3) one car garages that can be used as storage if needed and fit one vehicle parked behind. Three of the apartment have been remodeled within the last two years and the one remaining non-remodeled unit gives the new owner and opportunity to remodel, add value, and bring up to market rent. The property is located in close proximity to schools, banks, shopping centers, public transit, and easy freeway access. It is within walking distance of Long Beach Poly High, and only 2.1 miles from Downtown Long Beach. The area boats strong rental demand and all vacancies have been easily filled at market rent with multiple applicants coming forth.

Location

State CA

County Los Angeles

Area Wrigley

Zoning LBR2N

Rooms

Other Rooms None

Interior

Heating Wall, Wall Electric

Cooling Wall/Window, Window Unit(s), Air Conditioning, Electric

Equipment Ceiling Fan, Dishwasher, Garbage Disposal, Microwave

Laundry Room, Outside, Community, Laundry Area

Exterior

Parking Features Detached, Garage Is Detached, Private Garage, Tandem

Garage Spaces 8.0

Pool None

Building

Story 2

Foundation Raised

Water District

Level or Stories Multi/Split

Others

Special Listing Condition Standard

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TheMLS (CLAW)
Listed by Allure Capital Management Corp
Bought with Seal Real Estate

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Herman Singh

Broker

+1(310) 625-6175

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