Long Beach, CA 90804,851 Gladys AVE
Long Beach, CA 90804,851 Gladys AVE
Long Beach, CA 90804,851 Gladys AVE
8
$2,500,000
$2,525,000
1.0%
Est.Price: ?

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6,490 Sqft Lot

851 Gladys AVE Long Beach, CA 90804

Est. payment /mo
SOLD DATE : 09/16/2022

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Key Details

Sold Price $2,500,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Eastside (Es)

MLS Listing ID PW22148511

Sold Date 09/16/22

HOA Y/N No

Year Built 1963

Lot Size 6,490 Sqft

Property Description

Well kept 9 unit apartment built in 1963 in great Eastside area. Two 1bdr/1bath, six 2bdrm/1 bath, and one 3bdrm/2 bath units. Six garages. Many long term tenants with lower than market rents. Current monthly rents total $12,967 including $300 for garages and $69 for laundry (current rents are based on scheduled rent increases between 7/1/22 through 9/1/22).

RentOmeter indicates market rents should total $20,855 per month ($1,663 for 1 bdrms, $2,335 for 2 bedrms, and $3,150 for 3 bdrms) that's a 10.0 GRM.

Operating Expenses are estimated. Call Listing Agent for actual operating statements.

Location

State CA

County Los Angeles

Area 3 - Eastside, Circle Area

Zoning LBR2N

Interior

Fireplace No

Laundry Common Area

Exterior

Parking Features Garage Faces Front, Garage Faces Rear

Garage Spaces 6.0

Garage Description 6.0

Pool None

Community Features Urban

View Y/N No

View None

Total Parking Spaces 6

Private Pool No

Building

Lot Description Level

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7258016013

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Financing Cash to Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by W. Kurt Wood • Belmont Brokerage & Mgmt. INC.
Bought with Spencer Pabst • Pabst, Kinney & Associates

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Andy Cleaves

Broker Associate | License ID: 01383386

+1(951) 732-7122

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