484 Almond Avenue

    Long Beach, CA 90802
    • $995,000
    • STATUS: Active
    • ON SITE: 48 days
    • ID#: SB18234292
    UPDATED: 116 min ago
    $995,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,154
      SQFT
    • $315
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1908
    County:

    School Ratings & Info

    Description

    3 bedroom, 2 bathroom house with in-unit laundry plus two other units on a large lot only blocks to the beach, Retro Row, and Downtown Long Beach. Rare Opportunity to own 3 units in Alamitos Beach for under $1M. 5 off street parking spaces, quiet, tree-lined street. All utilities billed to tenants for minimal expenses. Roof recently replaced, $20k of foundation work done in front structure, sewer line partially replaced, some plumbing and electrical updates done. All three unit interiors recently remodeled. Strong income at 14X GRM. Great unit mix in dense rental market with low vacancy. Clean, professionally managed building with no deferred maintenance.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-14T00:30:49.157. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.fredsedgroup.com/homes/87935456

    484 Almond Avenue Long Beach, CA 90802

    • Price: $995,000
    • Status: Active
    • Updated: 116 min ago
    • ID#: SB18234292
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    3,154
    SQFT
    $315
    $/SQFT
    1908
    Built
    Neighborhood:
    Alamitos Beach (Ab)
    County:
    Los Angeles
    Area:
    4 - Downtown Area, Alamitos Beach
    Property Description
    3 bedroom, 2 bathroom house with in-unit laundry plus two other units on a large lot only blocks to the beach, Retro Row, and Downtown Long Beach. Rare Opportunity to own 3 units in Alamitos Beach for under $1M. 5 off street parking spaces, quiet, tree-lined street. All utilities billed to tenants for minimal expenses. Roof recently replaced, $20k of foundation work done in front structure, sewer line partially replaced, some plumbing and electrical updates done. All three unit interiors recently remodeled. Strong income at 14X GRM. Great unit mix in dense rental market with low vacancy. Clean, professionally managed building with no deferred maintenance.
    Exterior Features

    Garage Spaces 0.00 Lot Features Yard Lot Size Source Assessor Lot Size Units Square Feet Parking Total 0.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Laundry Features Inside Levels Two

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 4.40 Community Features Urban Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 960.00 Gross Income 69780.00 Gross Multiplier 14.26 Gross Scheduled Income 69780.00 Insurance Expense 1437.00 Land Lease YN No Laundry YN Yes Licenses Expense 500.00 Maintenance Expense 3384.00 Net Operating Income 43927.00 New Construction YN No New Taxes Expense 12438.00 Number Of Separate Electric Meters 1 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Number Of Units Leased 3 Operating Expense 23760.00 Pest Control Expense 780.00 Professional Management Expense 4061.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Alamitos Beach (Ab) Total Actual Rent 5815.00 Total Expenses 23760.00 Trash Expense 0.00 Vacancy Allowance Rate 3.00 Water Sewer Expense 200.00 Water Source Public Zoning Lbr3t

    Listing provided courtesy of Anthony Walker of Buckingham Investments, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-14T00:30:49.157. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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