2203 E Bermuda Street
Long Beach, CA 90814
- – beds
- – baths
- – sqft
- 5,962 sqft lot
- 1985 build
- – on site
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This prominently located 1980's multifamily property features very large, townhouse-style units with oversized balconies or patios for every unit and excellent on-site parking. The Property offers investors an incredible value-add opportunity. With rents approximately 40% below projected market rents, an investor can implement a strategic interior and exterior renovation program to capture the strong market rents being achieved for luxury rentals in the immediate neighborhood. In addition, an investor can look into the potential to create ADU's in the parking areas. The property has remote-controlled garage parking for 9 cars as well as a 10th uncovered parking space, all of which are generating income. There are two additional parking garages that are currently rented out for storage. The property also features secured entry at the front and back, as well as a laundry room. It is separately metered for gas and electricity.
Last checked:
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Last updated Feb 16, 2024
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MLS# 23340513 —
The Building
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Year Built:1985
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New Construction:No
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Building Area Total:8364.00
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# of Buildings:1
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Total Number Of Units:8
Interior
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Levels:Two
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Laundry:Community
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Laundry:1
Financial & Terms
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Disclosures:Trust/Conservatorship
Location
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Directions:North of Broadway, south of 4th Street, west of Junipero Avenue and east of Cherry Avenue.
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Latitude:33.77017500
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Longitude:-118.16550600
The Property
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Property Type:Residential Income
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Zoning:LBR1N
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Lot Size Area:5962.0000
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Lot Size Acres:0.1369
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Lot Size SqFt:5962.00
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:7263005031
Heating & Cooling
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Heating:1
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Heating:Central
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Cooling:No
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Cooling:None
Appliances
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Appliances:Dishwasher
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Included:Yes
The Community
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Senior Community:No
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Association:No
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Assessments:No
Parking
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Parking:Yes
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Parking:Garage - Single Door, Garage - Two Door, Private, Parking Space
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Parking Spaces:12.00
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).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
2/14/24
Feb 14, 2024
|
Sold | CRMLS_CA | $2,700,000 | 1.9% |
|
1/7/24
Jan 7, 2024
|
Pending | CRMLS_CA | $2,650,000 | |
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12/18/23
Dec 18, 2023
|
Listed / Active | CRMLS_CA | $2,650,000 |
