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414 E 61st

Long Beach, CA 90805
Active
Multifamily
Property Photo
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Property listed by Keller Williams Realty, Erik Messinger 714-606-4555
$1,425,000
5-unit apartment building with all large two-bedroom units and six garages. On-site laundry with owned machines. Renters are primarily section 8 and lease rates are below market. Onwer has recently completed several capital improvements and upgrades. Large lot may offer an opportunity to add units.
Listing Snapshot
Days Online
3
Last Updated
Property Type
Apartment
Lot Size
0.27 Acres
Year Built
1958
MLS Number
PW26090794
Property Location Map
Additional Details
Building
Built in 1958, 1 building, 2 stories, Levels: Two, Entry level: 1, Entry location: 1
Community
StreetLights, Suburban, Sidewalks
Expenses
Insurance: $1,699, Operating: $36,065, Trash: $960, Water/Sewer: $2,000
Garage
6 spaces
Home Owner's Association
Fee Includes: Sewer, Amenities: Electricity, Gas, Trash, Utilities, Water
Income
Gross ScheduledIncome: $115,200, Net Operating Income: $76,831
Laundry
CommonArea, LaundryRoom
Lot
0.2711 acres, SixteenToTwentyUnitsAcre
Parking
6 total parking spaces, Garage, GarageFacesRear
Pool
None
Sewer
PublicSewer
Taxes
Additional parcels description:, Parcel Number: 7125010036, Tax Block: 4, Lot: 2
Tenant Pays
AllUtilities, CableTv, Electricity, Gas, Telephone, Water
Utilities
Water Source: Public, 5 separate electric meters, 5 separate gas meters
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Laura Grabher
Listing Specialist
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Schools In The Area

Check out nearby schools with ratings and contact info.
Colin Powell Academy 310-631-8794 Public KG-8
Jordan High School 562-423-1471 Public 9-12
Colin Powell Academy 310-631-8794 Public KG-8
Colin Powell Academy 310-631-8794 Public KG-8
Colin Powell Academy 310-631-8794 Public KG-8
Jordan High School 562-423-1471 Public 9-12

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Listing Information © California Regional MLS. All Rights Reserved.

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.