1651 E South

Long Beach, CA 90805
Property listed by Sky View Real Estate, Dara Chay 562-761-2777
$1,295,888
Exceptional Value-Add Investment Opportunity! This well-maintained 9-unit apartment property offers stable cash flow, strong rental demand, and significant upside potential in a highly desirable rental market. The property consists of a charming standalone 2-bedroom, 1-bath home at the front and a separate two-story building featuring eight studio units, with four… Read MoreRead Less
Listing Snapshot
Days Online
116
Last Updated
Property Type
Apartment
Lot Size
0.12 Acres
Year Built
1954
MLS Number
PW26128325
Property Location Map
Additional Details
Property Access
Frontage Type: CityStreet, Road Surface: Paved
Appliances & Equipment
GasRange
Building
Built in 1954, 2 buildings, 2 stories, Levels: Two, Entry level: 1, Entry location: Front, Construction Materials: Stucco
Community
Curbs, Park
Cooling
None
Disclosures
RentControl
Expenses
Electric: $5,177, Gardener: $1,820, Insurance: $9,096, Licenses: $892, Maintenance: $2,950, Operating: $27,989, Pest Control: $468, Water/Sewer: $7,586
Exterior Features
TvAntenna
Fence
Wood
Fireplaces
None
Floors
Vinyl
Heating
WallFurnace
Income
Gross Income: $117,840, Gross ScheduledIncome: $117,840, Net Operating Income: $89,851
Laundry
CommonArea
Lot
0.1235 acres, NearPark, Paved, RectangularLot, StreetLevel
Parking
4 open parking spaces, 4 total parking spaces, Paved
Pool
None
Property
RepairsCosmetic
Roof
Composition, Shingle
Sewer
PublicSewer
Taxes
Additional parcels description:, Parcel Number: 7123017001, Lot: 143
Tenant Pays
Electricity
Utilities
ElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected, Water Source: Public, 9 separate electric meters, 9 separate gas meters
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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.