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Back on the Market: This is a great opportunity for a buyer who can perform! There is only UPSIDE HERE! Discover an exceptional investment opportunity in Bixby with this well-maintained multi-family residential income portfolio. This portfolio presents an attractive opportunity consisting of 28 2-bedroom units, each offering 1.5 or 1.75 baths.Building 1: 3430 ELM AVENUE14 units all 2 bedrooms and 1.5 bathBuilding 2: 3440 ELM AVENUE:14 units all 2 bedrooms and 1.75 bath**Key Features:**- **Location:** Conveniently situated close to freeways and downtown Bixby, providing easy access to amenities and commuter routes. Atlantic and Wardlow, 405 Highway, Metrolink, and public transportation are available. They are close to hospitals, retail shopping centers, and parks. - **Unit Configuration:** All units are spacious 2-bedroom layouts, designed to appeal to a wide range of tenants seeking comfort and convenience. Units can be renovated to generate higher market rent. - **Maintenance:** Well-maintained buildings with recent updates. New Boiler in 3430, Resident Manager on-site. Newly updated units.- **Community Amenities:** Nearby parks, shopping, dining, and entertainment options enhance tenant satisfaction and attract potential renters.- **Parcel Details:** Comprising two separate parcels sold as one portfolio, providing flexibility and potential for future development or management strategies.
Property Type(s):
Commercial
| Last Updated | 11/20/2024 | Year Built | 1964 |
|---|---|---|---|
| Community | Bixby, Bixby Knolls, Los Cerritos | County | Los Angeles |
Additional Details
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | Bixby, Bixby Knolls, Los Cerritos |
| CONSTRUCTION | Concrete, Drywall, Stucco |
| HEAT | Wall Furnace |
| LOT | 0.65 acre(s) |
| LOT DESCRIPTION | 2-5 Units/Acre, Near Public Transit |
| STORIES | 2 |
| TAXES | 22992 |
| UTILITIES | Electricity Connected,Natural Gas Connected,Phone Available,Sewer Connected,Water Connected, Electric: Standard |
| WATER | Public |
| ZONING | LB4RN |
Location
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Listed with Realty One Group West
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