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358 Orange AVE Long Beach, CA 90802
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Key Details
Sold Price $1,355,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Alamitos Beach (Ab)
MLS Listing ID PW20072621
Sold Date 06/05/20
Construction Status Turnkey
HOA Y/N No
Year Built 1931
Lot Size 3,049 Sqft
Acres 0.07
Property Description
We are pleased to present this great opportunity to own a trophy property in Alamitos Beach. Situated less than half a mile to the water with a WalkScore of 93, you are minutes to Downtown Long Beach, Second Street, East Village Arts District, and more! All 4 units are large 2 bedroom, 1 bathroom units with all of the Spanish-style charm one could desire. The property is fully leased with a true cap. rate of 4.54% and GRM of 14.32. Upgrades include submetered electrical panels and gas meters, complete electrical re-wire, retrofitted for earthquake with a strapped foundation, upgraded copper plumbing, community laundry, and closed circuit security cameras. As an added bonus, there is a large, clean, and walkable basement offering additional storage. With this fantastic combination of location, unit mix, upgrades, and curb appeal, this property comprises a truly unique investment opportunity.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Zoning LBCNR
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Heating Wall Furnace
Fireplace No
Laundry Common Area
Exterior
Garage Off Street, Public
Fence Wire
Pool None
Community Features Curbs, Gutter(s), Storm Drain(s), Street Lights, Sidewalks, Urban
View Y/N Yes
View Neighborhood
Roof Type Flat,Spanish Tile
Parking Type Off Street, Public
Private Pool No
Building
Lot Description 0-1 Unit/Acre, Rectangular Lot
Story 2
Entry Level Two
Foundation Raised, Tie Down
Sewer Public Sewer
Water Public
Architectural Style Spanish
Level or Stories Two
New Construction No
Construction Status Turnkey
Others
Senior Community No
Tax ID 7275006003
Security Features Closed Circuit Camera(s),Carbon Monoxide Detector(s),Smoke Detector(s)
Acceptable Financing Cash, Cash to New Loan, Conventional, Submit
Listing Terms Cash, Cash to New Loan, Conventional, Submit
Financing VA
Special Listing Condition Standard
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Bought with Natasha Gwilt • eXp Realty of California Inc
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