Long Beach, CA 90802,619 Elm AVE

$1,425,000

$1,450,000

1.7%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

7,492 Sqft Lot


SOLD DATE : 09/30/2014

Key Details

Sold Price $1,425,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Downtown (Dt)

MLS Listing ID PW14091075

Sold Date 09/30/14

HOA Y/N No

Year Built 1921

Tax Year 2013

Lot Size 7,492 Sqft

Property Description

Huge Upside as building is grossly under rented. This area south of 7th is the most rapidly improving area in the City. Lowest price per unit downtown in a great East Village location. This building can bring in $150,000 annually with a motivated Owner creating a +6 CAP and sub 10 GRM. With newer stucco on the exterior, this building has the curb appeal to bring these rents to market.

Location

State CA

County Los Angeles

Area 4 - Downtown Area, Alamitos Beach

Interior

Fireplace No

Exterior

Pool None

Community Features Urban

Utilities Available Sewer Available

Private Pool No

Building

Story 2

Entry Level Two

Water Public

Level or Stories Two

Others

Senior Community No

Tax ID 7273027013

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Financing Conventional

Special Listing Condition Standard

Read Less Info

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


California Regional MLS (CRMLS)
Listed by AJ Nay • Maverick Apartment Investment
Bought with Matthew Firth • JMS Manage Sell, PC
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(951) 428-0833

brittany.nicola@exprealty.com

2603 Camino Ramon, Ramon, CA, 94583

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.