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    2820 E 65th Street

    Long Beach, CA 90805
    • $1,500,000
    • STATUS: CONTINGENT
    • ON SITE: 113 days
    • ID#: 302491131
    Under Contract
    UPDATED: 100 min ago
    $1,500,000
    • 1
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1955
    County:

    School Ratings & Info

    Description

    Sensational, fully rehabbed, turnkey, 6 unit, value add, apartment building, located just several blocks from the 91fwy. With great curb appeal, historically low vacancy rates, and a 4.65% Cap with room to move! The asset is comprised of 6 highly desirable units (1 bed/1 bath). All 6 units have recently been extensively upgraded to like new condition. Kitchen upgrades consist of: Quarts counters, stainless steel appliances, newer cabinetry, hardware and fixtures throughout. Bathroom upgrades consist of mo Sensational, fully rehabbed, turnkey, 6 unit, value add, apartment building, located just several blocks from the 91fwy. With great curb appeal, historically low vacancy rates, and a 4.65% Cap with room to move! The asset is comprised of 6 highly desirable units (1 bed/1 bath). All 6 units have recently been extensively upgraded to like new condition. Kitchen upgrades consist of: Quarts counters, stainless steel appliances, newer cabinetry, hardware and fixtures throughout. Bathroom upgrades consist of modern quartz counters, tile flooring and wainscot. Flooring consists of a higher end laminate located throughout the entry, kitchen, dining area, living room, hallway and bedroom of each and every unit. For heating and cooling all new mini-split systems have been added. The building has onsite laundry, and six parking spaces located behind a secured remote controlled gate... this investment has it all!

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2020 San Diego MLS, Inc. Licensed in the state of California.
    www.dreamlivingsd.com/homes/105161238
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    2820 E 65th Street Long Beach, CA 90805

    • Price: $1,500,000
    • Status: CONTINGENT
    • Updated: 100 min ago
    • ID#: 302491131
    1
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    1955
    Built
    Neighborhood:
    Cherry Manor (Cm)
    County:
    Los Angeles
    Area:
    Long Beach (90805)
    Property Description
    Sensational, fully rehabbed, turnkey, 6 unit, value add, apartment building, located just several blocks from the 91fwy. With great curb appeal, historically low vacancy rates, and a 4.65% Cap with room to move! The asset is comprised of 6 highly desirable units (1 bed/1 bath). All 6 units have recently been extensively upgraded to like new condition. Kitchen upgrades consist of: Quarts counters, stainless steel appliances, newer cabinetry, hardware and fixtures throughout. Bathroom upgrades consist of mo Sensational, fully rehabbed, turnkey, 6 unit, value add, apartment building, located just several blocks from the 91fwy. With great curb appeal, historically low vacancy rates, and a 4.65% Cap with room to move! The asset is comprised of 6 highly desirable units (1 bed/1 bath). All 6 units have recently been extensively upgraded to like new condition. Kitchen upgrades consist of: Quarts counters, stainless steel appliances, newer cabinetry, hardware and fixtures throughout. Bathroom upgrades consist of modern quartz counters, tile flooring and wainscot. Flooring consists of a higher end laminate located throughout the entry, kitchen, dining area, living room, hallway and bedroom of each and every unit. For heating and cooling all new mini-split systems have been added. The building has onsite laundry, and six parking spaces located behind a secured remote controlled gate... this investment has it all!
    Exterior Features

    Lot Dimensions Approx 46 X 116 Pool N/K Roof Composition Site CurbsSidewalks Spa N/K

    Interior Features

    Heat Equipment Combination Heating Total Baths Unit1 1

    Property Features

    Actual Cap Rate 4.57 Annual Expense Actual 32073 Buildings 1 Gross Rent Multiplier Actual 14.6 Gross Scheduled Income Actual 102600 Home Owners Fees 0.0 Terms Conventional Unit Number For Unit1 1 Unit1 Rent Actual 1417.0 Water Meter On Property Zoning Lbr1n

    Listing provided courtesy of Kinnery's Brokerage House. Listing information © 2020 San Diego MLS Inc. Source: CRMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2020 San Diego MLS, Inc. Licensed in the state of California.
     
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