477 E South Street

Long Beach, CA 90805
Property listed by eXp Realty of California, Inc., Jeff Kim [email protected]
$3,990,000
Invest in Long Beach near Bixby Knolls and own this updated 16-unit apartment community. Composed of a desirable unit mix of all 2-bed, 1-bath units across two buildings with a courtyard in between, this property boasts a scheduled CAP rate of 5.58% at 100% occupancy. One unit is currently vacant.Read MoreRead Less
Listing Snapshot
Days Online
338
Last Updated
Property Type
Other
Lot Size
0.24 Acres
Year Built
1961
MLS Number
PTP2407021
30 Days Snapshot Of 90805
$678k
-2%
(avg) sold price
17
-29%
homes sold
67
+8%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1961, Building area total: 9,840, Levels: Two, 2 stories, 2 buildings, Architectural style: , Attached, Common walls: TwoCommonWallsOrMore
Community
Curbs, Sidewalks, Urban
Expenses
Gardener expense: $1,740, Insurance expense: $6,260, New taxes expense: $56,997, Operating expense: $120,910, Trash expense: $256, Water sewer expense: $3,909
Income
Gross income: $302,885, Net operating income: $181,975
Laundry
CommonArea
Lot
0.2394 acres, 10,429 square feet, Size: 10,429, Level
Parking
12 open parking spaces, 12 totals parking
Pool
None
Property
Zoning: LBCMR
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.