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PRICE JUST REDUCED!! This 10-Unit Apartment Building is a Great Investment for an Investor. Located in the South Wrigley Area with a Market Cap Rate of 6.4%. The Property has been Well-Maintained, with a Great Upside Potential on the Future Rental Income!! This Property Offers (3) 2 Bedrooms -1 Bathroom, (6) 1 Bedrooms - 1 Bathroom and (1) Bonus Room/Studio -1 Bathroom. Four of the Units have been Recently Remodeled, and the Exterior was Recently Painted. The Property also has (4) Single Car Garages that can be a Great Opportunity to convert into ADU'S for Additional Income, and it has (4) Parking Spaces for Extra Income. The Owner just recently Installed a Newer Roof. All Units are Separately Metered for Gas and Electric. This 10-Unit Apartment Building is Located in a High Demand Rental Area!! This Apartment Building in Conveniently Located Close to Shopping, Restaurants, Entertainment, Metro Link, Long Beach Airport Downtown LB, Civic Center, Long Beach Aquarium, Downtown Village, CSULB and Queen Mary Island.
Property Type(s):
Residential Income
| Last Updated | 12/18/2024 | Tract | Wrigley Area (WR) |
|---|---|---|---|
| Year Built | 1948 | Community | Wrigley Area |
| Garage Spaces | 4.0 | County | Los Angeles |
Price History
| Prior to Dec 18, '24 | $2,500,000 |
|---|---|
| Dec 18, '24 - Today | $2,380,000 |
Additional Details
| AIR | None |
|---|---|
| APPLIANCES | Water Heater |
| AREA | Wrigley Area |
| CONSTRUCTION | Stucco |
| GARAGE | Door-Single, Garage, Garage Faces Rear, Off Street, On Site, Yes |
| HEAT | Wall Furnace |
| HOA DUES | 0 |
| INTERIOR | Multiple Staircases |
| LOT | 6623 sq ft |
| LOT DESCRIPTION | 6-10 Units/Acre |
| PARKING | Door-Single,Garage,On Site,Off Street,Garage Faces Rear |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| STYLE | Contemporary |
| SUBDIVISION | Wrigley Area (WR) |
| UTILITIES | Cable Connected,Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected, Electric: 220 Volts |
| WATER | Public |
| ZONING | LBR2N |
Location
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Listed with Amberwood Real Estate, Inc.
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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