Description
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! $174,254 GSI with rents, parking 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. Studio unit per tax records, is not permitted as a unit. If buyer desires to permit it after purchase, plans are provided to convert studio and 1 garage space, to a 516 sq/ft ADU. Also included are additional plans to convert 3 additional garage spaces to 697 sq/ft ADU making 57th Street a 11-unit building. Please do not disturb the tenants.
Location
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Listing Agent: Blair Newman
Listing Office: Berkshire Hathaway HomeServices California Properties
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