Skip To Content
    Return to Previous Page

    1760 Park Ave

    Long Beach, CA 90815
    • $2,095,000
    • STATUS: Active
    • ON SITE: 71 days
    • ID#: 20-635856
    UPDATED: 41 min ago
    $2,095,000
    • 11
      BEDS
    • 0.2
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,776
      SQFT
    • $439
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1949
    County:

    School Ratings & Info

    Description

    Beautiful 5-unit multifamily in one of Long Beach's best neighborhoods, within walking distance to the Traffic Circle. This is a newly renovated property with 6 rentable units. The front unit is a 3 bedroom 2 bath house. In the rear, there are four 2 bed 1 bath units (built in 1960) + a large highly-desired rec room w/ bathroom and kitchen (1986 permit). Interiors have been remodeled with new furnaces, LVP flooring, quartz countertops, brand new kitchen and bathrooms, stainless steel appliances, lighting, and more. All units have separate gas and electric meters. Exterior has a new roof, concrete, stairs, and much more. There are 9 parking spots on the premises, and a laundry/dryer room. Only 3/4 mile from CSULB campus, and walkable to many shops, restaurants, and more. Lots of students living in this quiet neighborhood. Perfect investment opportunity with great rental income and amazing tenants!

    Monthly Payment Calculator



    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-12-03T11:42:38.22. 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.
    www.trulinerealty.com/homes/110258128
    Print Image

    1760 Park Ave Long Beach, CA 90815

    • Price: $2,095,000
    • Status: Active
    • Updated: 41 min ago
    • ID#: 20-635856
    11
    Beds
    0
    Baths
    0
    ½ Baths
    0.2
    Acres
    4,776
    SQFT
    $439
    $/SQFT
    1949
    Built
    Neighborhood:
    Los Altos, X-100
    County:
    Los Angeles
    Area:
    Los Altos, X-100
    Property Description
    Beautiful 5-unit multifamily in one of Long Beach's best neighborhoods, within walking distance to the Traffic Circle. This is a newly renovated property with 6 rentable units. The front unit is a 3 bedroom 2 bath house. In the rear, there are four 2 bed 1 bath units (built in 1960) + a large highly-desired rec room w/ bathroom and kitchen (1986 permit). Interiors have been remodeled with new furnaces, LVP flooring, quartz countertops, brand new kitchen and bathrooms, stainless steel appliances, lighting, and more. All units have separate gas and electric meters. Exterior has a new roof, concrete, stairs, and much more. There are 9 parking spots on the premises, and a laundry/dryer room. Only 3/4 mile from CSULB campus, and walkable to many shops, restaurants, and more. Lots of students living in this quiet neighborhood. Perfect investment opportunity with great rental income and amazing tenants!
    Exterior Features

    Lot Size Area 8748 Other Structures None Parking Garage Carport Total Parking 9

    Interior Features

    Baths Total 6.00 Cooling None Equipment WasherDishwasherDryerMicrowaveRefrigeratorRange/OvenRecirculated Exhaust FanGarbage Disposal Heating Floor Furnace

    Property Features

    Gross Income 141420 Gross Operating Income 141420 Insurance Expense 2379.00 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Maintenance Expense 1000.00 Net Operating Income 108604.00 Number Of Buildings 2 Number Of Units 5 Owner Pays Water Property Condition Updated/Remodeled Sale Type Standard Source Living Area Appraiser Source Lot Size Area Vendor Enhanced Tenant Pays GasElectricity Total Annual Expense 32816 Trash Expense 1500.00 Type Of Units 1 Year Built Source Vendor Enhanced Zoning Lbr4r

    Listing provided courtesy of Charles Chang DRE#02034105 of Charles Chang.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-12-03T11:42:38.22. 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.
     
    https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_20-635856-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_20-635856-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_20-635856-2.jpg
    Logo
    TruLine Realty
    8644 Wilshire Blvd. Suite 204
    Beverly Hills CA, 90211