CA > Long Beach
Long Beach, CA 90813,816 Alamitos Avenue
Long Beach, CA 90813,816 Alamitos Avenue
Long Beach, CA 90813,816 Alamitos Avenue
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$1,450,000
Est. payment /mo
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15 Beds
5 Baths
6,483 Sqft Lot
Active

816 Alamitos Avenue Long Beach, CA 90813

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Patty Doyle

Patty Doyle

+1(619) 886-0321

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Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB25066385

Bedrooms 15

HOA Y/N No

Lot Size 6,483 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

This large 3 building campus of a 4 unit property is one block North of Downtown Long Beach and Alamitos Beach. One 5 bed/1 bath house, one 4 bed/2 bath house, and two 3 bed/1 bath apartments on a 6483 square foot lot. Lowest GRM and best income 4 unit for sale in the whole city of Long Beach at 11.8X GRM on actuals and 11.4X GRM on market rents, and is only 8 blocks to the beach and Pacific Ocean. Low expense property separately metered for gas and electric. Well maintained and professionally managed in a dense, high demand rental market. The property is close to St Mary's hospital and Long Beach Community College plus numerous other job centers in the area. Per Costar, 61% of households within a 5 mile radius are renters with an average household income of over $98,000.
This large 3 building campus of a 4 unit property is one block North of Downtown Long Beach and Alamitos Beach. One 5 bed/1 bath house, one 4 bed/2 bath house, and two 3 bed/1 bath apartments on a 6483 square foot lot. Lowest GRM and best income 4 unit for sale in the whole city of Long Beach at 11.8X GRM on actuals and 11.4X GRM on market rents, and is only 8 blocks to the beach and Pacific Ocean. Low expense property separately metered for gas and electric. Well maintained and professionally managed in a dense, high demand rental market. The property is close to St Mary's hospital and Long Beach Community College plus numerous other job centers in the area. Per Costar, 61% of households within a 5 mile radius are renters with an average household income of over $98,000.

Location

State CA

County Los Angeles

Area Long Beach (90813)

Zoning Assessor

Exterior

Exterior Feature Stucco

Roof Type Composition

Building

Story 2

Lot Size Range 4000-7499 SF

Level or Stories 2 Story

Others

Monthly Total Fees $75

Space Rent $3,090

San Diego Regional MLS (SDMLS)
Listed by Anthony Walker • Buckingham Investments, Inc

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agent

Patty Doyle

Agent | License ID: 01507441

+1(619) 886-0321

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816 Alamitos Avenue

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