1246 E 2ND ST

LONG BEACH, CA, 90802

$7,995,000

$559 per ft²
$7,995,000
$559 per ft²
Active
Active
 - For Sale
beds
24 Beds
baths
21 Baths
carpenters-square
14,293 ft²
property_type
Multi-family
calendar
Built 1954
20 units located blocks from the Beach in Alamitos Beach in Long Beach. All units have been heavily updated including new kitchens, baths and windows. There is no work to be done. The property is professionally maintained and in excellent condition. There is some rental upside a new Owner can achieve by raising rents. The property features onsite laundry as well a 9 garages that can be rented for $150/month. There is currently an existing TD fixed at 3.3% (originated in 7/21) for 5 years with 3 years of I/O (runs through 7/24). The loan amount is $4.550.000 and has a 3% prepay until 7/23. Buyer to assume the existing TD or be responsible for the prepay. However, given today's interest rates, this is a better loan than available on the market. EMAIL LA1 FOR MORE INFO INCLUDING A RENT ROLL.
MLS® ID:
22-140533
Listed:
3/25/22
Updated:
5/18/22

Interior Features

Total Bedrooms
24
Total Bathrooms
21
Cooling
None
Heating
Wall

Exterior/Building Features

Lot Size
0.29 acres lot

Other Property Details

Attached Garage
Yes
Parking
Garage
Parking Total
9.0
View
N
County
Los Angeles
Pool
No
Total Stories
2
Zoning
LBR4R

 

Courtesy of Jonathan Swire, The Agency

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Ron Costa shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2022 Combined L.A./Westside MLS. All rights reserved.

Data last updated 5/18/22

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