477 E South Street
Long Beach, CA 90805
- – beds
- – baths
- – sqft
- 10,428 sqft lot
- 1961 build
- – on site
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Pleased to present 477 E. South Street near the Bixby Knolls area Long Beach. The 16-unit apartment community is comprised of a desirable unit mix of all 2-Bedroom/1-Bathroom units. The building also offers tenants access to a treelined community courtyard with drought resistant landscaping. There is also a community laundry room for tenants to use. Priced under $250,000/unit the property generates cashflow to a 6.3% CAP Rate on current rents with additional upside for the prudent investor. The community is extremely well located just off Atlantic Avenue restaurants and shops. It also offers easy access to 91, 710, and 405 freeways.
Listed By CRMLS_CA / Doug Rodermund / Morgan Skenderian / dsr@morganskenderian.com
Last checked:
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Last updated Nov 15, 2024
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MLS# PW23173500 —
The Building
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Year Built:1961
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Year Built Source:Assessor
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New Construction:No
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Entry Level:1
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Common Walls:2+ Common Walls
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Building Area Total:9840.00
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Building Area Units:Square Feet
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# of Buildings:2
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Total Number Of Units:16
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Stories Total:2
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# of Separate Gas Meters:17
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# of Separate Water Meters:1
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# of Separate Electric Meters:17
Interior
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Entry Location:1
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Fireplace:No
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Fireplace:None
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Laundry:Common Area
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Laundry:1
Location
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Directions:Atlantic Ave and South Street are the major cross streets
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Latitude:33.86031800
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Longitude:-118.18669700
The Property
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Property Type:Residential Income
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Subtype:Apartment
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Zoning:LBCMR
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Lot Features:Lot 10000-19999 Sqft
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Lot Size Area:10428.0000
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Lot Size Acres:0.2394
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Lot Size SqFt:10428.00
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Lot Size Source:Assessor
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Property Attached:1
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Block:18
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Tax Census Tract:5703.03
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Taxes Percent:1.20
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Tax Tract:5992
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Tax Lot:44
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Tax Annual Amount:45615.00
The Listing
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Special Listing Conditions:Standard
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Parcel Number:7125032033
Utilities
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Sewer:Public Sewer
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Water Source:Public
The Community
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Subdivision:North Long Beach (NLB)
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Subdivision:North Long Beach (NLB)
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Senior Community:No
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Features:Curbs, Sidewalks
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Pool:None
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Private Pool:No
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Assessments:Yes
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Assessments:Special Assessments
Parking
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Parking:Yes
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Parking:Assigned
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Parking Spaces:12.00
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Uncovered 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).
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 |
---|---|---|---|---|
12/1/23
Dec 1, 2023
|
Sold | CRMLS_CA | $3,597,000 | -5.3% |
10/12/23
Oct 12, 2023
|
Pending | CRMLS_CA | $3,800,000 | |
9/15/23
Sep 15, 2023
|
Listed / Active | CRMLS_CA | $3,800,000 |