216 Esperanza, Long Beach, CA 90802

$1,449,000

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List Price
$1,449,000
Status
ACTIVE UNDER CONTRACT
MLS#
SW26135295
Year Built
1921
Lot Size
3,296
Acres
0.08
Lot Location
Level, Street Level
Days on Market
41
Property Type
Multifamily
Property Sub Type
Apartment

Property Description

Very well maintained, upgraded, and spacious (3816 sq. ft) (4) l bedroom units (approx. 950 sq. ft. ea.) located in the heart of the Alamitos Beach, a very desirable residential neighborhood---LOCATION/LOCATION/LOCATION !!!.....These 4 units are 2 blocks from the beach and adjacent to Bluff Park with a very high walk score.....abundant shopping/restaurants/bars/ & BEACH within EZ 5-15 minute walk. Public transportation on the corner.....E. BROADWAY. Again, a few blocks away is The EAST VILLAGE ARTS DISTRICT with historic Art Deco architecture and a mix of artists lofts, mid-century furniture stores, and sidewalk cafes like The Breakfast Bar, Berlin Bistro & others....a delightful area to enjoy eclectic food choices and good drinks. Retro Row along East 4th St. is another wonderful area....again, just a few blocks away....a large choice of restaurants/bars and great shopping opportunities with new and used merchandise offered from a variety of independently owned small establishments.....A GREAT AREA TO VISIT. The 4 unit actual rents are shown reflecting long term residents....projected numbers used for the analysis to see the fairly short term projections for a financially prudent investment property. In seller's family for almost 50 years....!!! It is a keeper property.......you will enjoy owning it!!!!

Additional Information

Pool Description
None
Cooling
Yes
Cooling Description
Wall/Window Unit(s)
Garage Spaces Total
1
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Number Of Units Total
4
Gross Scheduled Income
$94,800
Operating Expense
34650

Listing courtesy of Listing Agent: Dave Stockton (davestocktontemvalleyrealtor@gmail.com) from Listing Office: Golden Eagle Properties.

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.