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3325 E 2nd ST Long Beach, CA 90803
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Key Details
Sold Price $3,800,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 8,392 sqft
Price per Sqft $452
Subdivision Belmont Heights (Bh)
MLS Listing ID PW21192661
Sold Date 12/15/21
HOA Y/N No
Year Built 1928
Lot Size 5,893 Sqft
Acres 0.1353
Property Description
Pleased to present the opportunity to acquire 2nd Street Property, an incredible turnkey apartment building situated in the desirable Belmont Heights neighborhood of Long Beach. The property offers a diverse unit mix of large studios, one and two-bedroom units with a vintage feel, but having a modern layout. The apartment building features a laundry room, storage compartments, and a great location with many of Long Beach’s finest attractions only minutes away. This property offers an investor the opportunity to acquire a valuable income-producing asset with a current cap rate of 3.6% and a market cap rate of 4.6%.
Location
State CA
County Los Angeles
Area 2 - Belmont Heights, Alamitos Heights
Zoning LBR3S
Rooms
Ensuite Laundry CommonArea
Interior
Laundry Location CommonArea
Fireplace No
Laundry CommonArea
Exterior
Pool None
Community Features DogPark, WaterSports
Private Pool No
Building
Lot Description RectangularLot
Sewer Unknown
Water Public
New Construction No
Others
Senior Community No
Tax ID 7264003017
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
Special Listing Condition Standard
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Bought with Cody Charnell • Buckingham Investments
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