3622 E 11th, Long Beach, CA 90804

$1,595,000

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List Price
$1,595,000
Status
ACTIVE
MLS#
SB26196309
Year Built
1950
Lot Size
6,214
Acres
0.14
Lot Location
Rectangular Lot
Days on Market
14
Property Type
Multifamily
Style
Traditional
Property Sub Type
Apartment
Stories
Two Levels
Neighborhood
Circle (Ca)

Property Description

Perfectly located mid-century 6 unit on a full sized lot with 3800 square feet of rentable space. Great unit mix with four 1 bed/1 bath units, one 2 bed/1 bath unit, and one 2 bed/1.5 bath unit including attractive outdoor private spaces. Well priced on actual income at 11.14X GRM. Ample parking including one enclosed garage and 4 surface spaces. Select units have in-unit laundry plus a community laundry room for additional income. 5 out of 6 units recently remodeled and all electrical sub-panels recently replaced. Perfect 1031 exchange up-leg property. Excellent Eastside location demonstrating consistent rental demand. Only minutes from Cal State Long Beach, Traffic Circle, Wilson High, and Rec Park. Just North of Belmont Heights and only 1 block to the greenbelt.

Additional Information

Appliances
Gas Range
Pool Description
None
Heat
Wall Furnace
Cooling Description
None
View
None
Exterior Construction
Stucco
Roof
Composition, Flat
Garage Spaces Total
1
Sewer
Public Sewer
Water
Public
Interior Features
Open Floorplan
Attached Structure
Attached
Number Of Units Total
6
Gross Scheduled Income
$140,184
Operating Expense
49584

Listing courtesy of Listing Agent: Anthony Walker (Anthony.walker@buckinghaminvestments.com) from Listing Office: Buckingham Investments, Inc.

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.