2165 Earl Avenue
Long Beach, CA 90806
- – beds
- – baths
- – sqft
- 6,274 sqft lot
- 1929 build
- – on site
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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.
Last checked:
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Last updated Oct 17, 2024
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MLS# 24423989 —
The Building
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Year Built:1929
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New Construction:No
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Foundation:Raised
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Building Area Total:3769.00
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# of Buildings:1
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Total Number Of Units:4
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Stories Total:2
Interior
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Features:Ceiling Fan(s)
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Levels:Multi/Split
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Laundry:Individual Room, Outside, Community
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Laundry:1
Location
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Directions:Use Google Maps
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Latitude:33.79656000
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Longitude:-118.19190300
The Property
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Property Type:Residential Income
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Zoning:LBR2N
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Lot Size Area:6274.0000
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Lot Size Acres:0.1440
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Lot Size SqFt:6274.00
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Additional Parcels:No
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:7205030011
Heating & Cooling
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Heating:1
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Heating:Wall Furnace
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Cooling:Yes
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Cooling:Wall/Window Unit(s), Electric
Utilities
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Water Source:Public
Appliances
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Appliances:Dishwasher, Disposal, Microwave
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Included:Yes
The Community
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Senior Community:No
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Pool:None
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Private Pool:No
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Spa Features:None
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Association:No
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Assessments:No
Parking
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Parking:Yes
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Parking:Private, Tandem Garage
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Parking Spaces:8.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
9/26/24
Sep 26, 2024
|
BRIDGE | $1,375,000 | ||
|
9/26/24
Sep 26, 2024
|
Sold Subject To Contingencies | CRMLS_CA | $1,375,000 | |
|
8/26/24
Aug 26, 2024
|
Listed / Active | CRMLS_CA | $1,375,000 | 36.1% (7.1% / YR) |
