$670,000
$670,000
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1442 Alamitos AVE Long Beach, CA 90813
1,064 SqFt
Key Details
Sold Price $670,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 1,064 sqft
Price per Sqft $629
Subdivision Alamitos Beach (Ab)
MLS Listing ID PV22125273
Sold Date 10/06/22
HOA Y/N No
Year Built 1923
Lot Size 2,016 Sqft
Acres 0.0463
Property Description
A gorgeous, income-producing, recently-remodeled triplex near the bustling downtown area and Long Beach Community College. You will struggle to find a more affordable triplex in Long Beach. Five minutes from Alamitos Beach with easy access to the 710 and 405 freeways. The property was remodeled in 2021 with a new roof, new bathrooms, and interior and exterior paint throughout. The property is well furnished and is being sold with the furniture. Two units are on month-to-month leases, and the third unit is being rented as an Airbnb rental. The tenants and residents have access to a shared, on-site laundry. This property cashflows well and is being offered at a 10x GRM relative to existing income levels. All three units are studios.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Zoning LBR4R
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Fireplace No
Laundry Common Area
Exterior
Garage None
Pool None
Community Features Street Lights, Sidewalks, Urban
Parking Type None
Private Pool No
Building
Lot Description Front Yard
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 7268019009
Acceptable Financing Cash, Conventional, Item1031Exchange
Listing Terms Cash, Conventional, Item1031Exchange
Financing Conventional
Special Listing Condition Standard
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Bought with Lara Andrews • Compass