529 W 10th St.
Long Beach, CA 90813
- – beds
- – baths
- – sqft
- 7,816 sqft lot
- 1928 build
- – on site
We are pleased to present the sale of 529 W 10th St. in the Willmore neighborhood of Long Beach just minutes from Downtown. The property has undergone significant renovation with four of the units receiving full interior renovation including new flooring, kitchens, bathrooms, and fixtures. The property has also had the majority of major systems replaced - new electrical panels and wiring, and new PEX plumbing throughout. 10th St. Consists of a large detached 1,336 square foot 3 bed/2 bath front house that includes a private gated space for multiple cars. The front house used to be two units at one point , and the possibility exists to split in back to it's original configuration as a duplex- one 2 bed/1 bath and one 1 bed/1 bath unit, which would result in about a 25% increase in rental income. Two detached duplex's are behind the front house that consist of one bedroom units (two of the units have been converted from studios into one bedroom units). A detached double car garage is at the rear of the property, which could be converted into a detached ADU as well. 529 W 10th St. presents a great opportunity to purchase a high cashflowing asset at a 11.57 GRM and 5.44% cap rate where the current owner has done the majority of the heavy lifting with additional upside.
Last checked:
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Last updated Oct 25, 2024
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MLS# PW24183703 —
The Building
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Year Built:1928
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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:1 Common Wall
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Building Area Total:3616.00
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Building Area Units:Square Feet
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# of Buildings:3
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Total Number Of Units:5
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Stories Total:2
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# of Separate Gas Meters:5
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# of Separate Water Meters:1
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# of Separate Electric Meters:5
Interior
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Entry Location:Front and Side
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Laundry:None
Location
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Directions:Off of 10th and Magnolia
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Latitude:33.77928800
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Longitude:-118.19885400
The Property
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Property Type:Residential Income
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Subtype:Apartment
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Lot Features:0-1 Unit/Acre
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Lot Size Area:7816.0000
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Lot Size Acres:0.1794
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Lot Size SqFt:7816.00
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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 Tract:10
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Tax Lot:10
The Listing
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Special Listing Conditions:Standard
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Parcel Number:7272008023
Utilities
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Sewer:Public Sewer
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Water Source:Public
The Community
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Subdivision:Willmore District (WM)
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Subdivision:Willmore District (WM)
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Senior Community:No
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Features:Urban
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Pool:None
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Private Pool:No
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Association:No
Parking
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Parking Spaces:2.00
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Garage Spaces:2.00
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 |
|---|---|---|---|---|
|
10/25/24
Oct 25, 2024
|
Price Changed | CRMLS_CA | $1,350,000 | -3.6% |
|
10/10/24
Oct 10, 2024
|
Price Changed | CRMLS_CA | $1,400,000 | -3.4% |
|
9/4/24
Sep 4, 2024
|
Listed / Active | CRMLS_CA | $1,450,000 |
