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Key Details
Sold Price $1,850,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Bixby Knolls (Bk)
MLS Listing ID SB18065575
Sold Date 06/28/18
HOA Y/N No
Year Built 1947
Lot Size 8,272 Sqft
Property Description
Trophy 8-unit apartment building located in the Bixby Knolls neighborhood of Long Beach. This beautifully maintained property has a unit mix consisting of eight (8) 1-bed/1-bath units combining for a total living space of 5,249 SF. Situated on an 8,270 SF lot, this 8-unit complex features a Koi Pond, four (4) garage/carport parking spaces, and recently renovated units. Currently operating at a 4.00% CAP Rate and 14.89 GRM, this is an ideal investment for any investor looking to add a great cash-flowing property to their portfolio.
Location
State CA
County Los Angeles
Area 6 - Bixby, Bixby Knolls, Los Cerritos
Zoning LBR3S
Interior
Fireplace No
Laundry Laundry Room
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Curbs, Gutter(s), Storm Drain(s), Street Lights, Sidewalks
Total Parking Spaces 4
Private Pool No
Building
Lot Description Front Yard, Garden, Lawn, Landscaped, Yard
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7136014016
Energy Description 1511.0
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Conventional
Special Listing Condition Standard
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Bought with Vincent Cook • Buckingham Investments, Inc
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High State Realty
BROKER, OWNER | License ID: 02181686
BROKER, OWNER License ID: 02181686