362 E Louise ST

LONG BEACH, CA, 90805

$3,500,000

$362 per ft²
$3,500,000
$362 per ft²
Active
Active
 - For Sale
beds
20 Beds
baths
12 Baths
carpenters-square
9,648 ft²
property_type
Multi-family
calendar
Built 1964
Easy to own asset that is a great addition to any portfolio! This clean and well-maintained 12-unit property consists of eight 2bed/1bath units and four 1bed/1bath units with eight garages and private laundry/ storage rooms. The entire property is secured with coded entry and a brand new camera system. Plus, two of the units were recently refurbished and the entire roof is brand new. Each unit is in good condition, offers a functional layout, and provides plenty of space for the tenants to enjoy. Located in the path of progress - this dense rental market is perfect for investors who enjoy low vacancy rates, high market rental rates, and strong long-term appreciation. Close proximity to Bixby Knolls and all the new large scale redevelopment projects (The Beat, The Uptown, Uptown Commons, etc.) by nationally acclaimed developers coming online along the Atlantic corridor brings a ton of long-term value to the local market. Downtown Long Beach, the beach, parks, public transportation, easy freeway access, and other community amenities/ attractions are close by for all to enjoy. Long Beach is resurging due to hundreds of millions of dollars invested in private and public developments, a growing local economy with strong employment, and the increasing demand to "live, work, and play" in this remarkable community.
MLS® ID:
SB22131119MR
Listed:
6/15/22
Updated:
7/3/22

Interior Features

Kitchen Appliances
Oven-Gas, Range
Total Bedrooms
20
Total Bathrooms
12
Laundry Description
Community, Laundry Area, Room
Fireplace
None
Cooling
None
Heating
Wall

Exterior/Building Features

Lot Size
0.28 acres lot
Roof
Composition, Shingle
Sewer
Public Sewer

Other Property Details

Garage
Yes
Garage Spaces
8
Parking
Y
Parking Total
8.0
View
Y
County
Los Angeles
Water Source
Public
Pool
No
Pool Description
None
Total Stories
2
Zoning
LBR1N

 

Courtesy of Matthew Mahowald, Buckingham Investments, Inc

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 7/3/22

Contact