$1,350,000
$1,375,000
1.8%For more information regarding the value of a property, please contact us for a free consultation.
6,534 Sqft Lot
SOLD DATE : 10/04/2021
Key Details
Sold Price $1,350,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Alamitos Beach (Ab)
MLS Listing ID SB21143593
Sold Date 10/04/21
HOA Y/N No
Year Built 2005
Lot Size 6,534 Sqft
Property Description
1030 Myrtle Ave is a 4-unit located in North Alamitos Beach, just a short commute to Long Beach Waterfront, The Queen Mary, and Shoreline Village. The 4-unit was built in 2005 and consists of 3,040 SF of living space situated on a 6,535 SF lot. 1030 Myrtle Ave offers an ideal unit mix consisting of (3) 3-Bed/1-Bath units and (1) 1-Bed/1-Bath unit. The property features (4) 2-car garage spaces, on-site laundry, and separate meters for gas & electric.
Located in one of the strongest rental markets in California and currently performing above a 5% cap rate - this is an excellent opportunity for a potential investor to obtain 30-year fixed residential financing while rates are at a historic low.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Zoning LBR4R
Interior
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 8.0
Garage Description 8.0
Pool None
Community Features Sidewalks
Total Parking Spaces 8
Private Pool No
Building
Lot Description 2-5 Units/Acre
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 7274010011
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Conventional
Special Listing Condition Standard
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Bought with Brett Lyon • Lyon Stahl Investment Real Estate, Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "