1444 E 16TH Street

LONG BEACH, CA, 90813

$1,690,000

$471 per ft²
$1,690,000
$471 per ft²
Active
Active
 - For Sale
carpenters-square
3,584 ft²
property_type
Multi-family
calendar
Built 1949
1444 E 16th Street is a bungalow style 7 unit apartment complex in Long Beach, CA. Located in Central Area of Long Beach with proximity to the A Line (22 mile light rail line), Pacific Coast Highway and the 405 & 710 freeways providing tenants access to a variety of popular dining, retail, entertainment options and high paying employment opportunities. Boasting a walk score of 90, it is a walker s paradise allowing daily errands to be done on foot. The subject property is comprised of four (4) one bed/one bath, (1) two bed/one bath bungalow style units & (2) two bed/one bath units with six (6) total buildings on a 6,474 sqft lot. The property has secure gated entry, copper plumbing, newer stucco and paint, separate gas & electricity meters and individual water heaters keeping landlord expenses to a minimum. Open space in South portion of the parcel provides possible ADU potential. 1444 E 16th Street provides an investor with the opportunity to own an improved asset with 30 percent potential upside in rents and easier to maintain single story units in one of the fastest growing markets in Southern California. No municipal rent control, subject to AB 1482.
MLS® ID:
SB22097789MR
Listed:
5/8/22
Updated:
8/9/22

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Laundry Description
None

Exterior/Building Features

Lot Size
6,534 ft² lot
Sewer
Public Sewer

Other Property Details

Garage
No
Parking
N
Parking Total
6.0
View
N
County
Los Angeles
Water Source
Public
Pool
No
Pool Description
None
Contact