CA > Long Beach > N Long Beach
Long Beach, CA 90805,500 E 51st ST #15
Long Beach, CA 90805,500 E 51st ST #15
Long Beach, CA 90805,500 E 51st ST #15
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$3,589,500
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7,383 Sqft Lot
Active Under Contract

500 E 51st ST #15 Long Beach, CA 90805

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Jerry And Rachel Team Hsieh

Jerry And Rachel Team Hsieh

+1(424) 242-8856

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Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active Under Contract

Purchase Type For Sale

Subdivision N Long Beach

MLS Listing ID PW25062894

HOA Y/N No

Year Built 1963

Lot Size 7,383 Sqft

Property Sub-Type Apartment

Property Description

Located in the heart of Long Beach, 15 unit apartment building majority 2 bedrooms (10) and five 1 bedrooms. This building offers a prime investment opportunity with upside in rents. With a diverse pool of tenant base looking for affordable housing there's sure to be a stream of renters. There is also opportunity for additional income with garage spaces as well as potential RUBS income, one side of the building is master metered. Recent cap ex includes a new roof over the 500 side of the property and roof update to the 520 side. All new paint over the entire building. Hand Railings were reinforced on the second floor, walkways were also updated and re done. New flooring in the laundry rooms, a new 100 gallon water heater on the 500 side. And 90% of the units have vinyl plank, all recently installed. With all the work being done recently there is still opportunity for an investor to increase rent and add additional income.

Location

State CA

County Los Angeles

Area 6 - Bixby, Bixby Knolls, Los Cerritos

Zoning LBR4R

Interior

Heating Floor Furnace

Fireplace No

Laundry Common Area

Exterior

Garage Spaces 11.0

Garage Description 11.0

Pool None

Community Features Suburban

Total Parking Spaces 11

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7130016031

Energy Description 100.0

Acceptable Financing 1031 Exchange

Listing Terms 1031 Exchange

Special Listing Condition Standard

CRMLS – RECore
Listed by Daniel Talamentes VPMI, INC. 562-665-2066

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agent

Jerry And Rachel Team Hsieh

Owner/Director of Sales | License ID: 01701809

+1(424) 242-8856

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500 E 51st ST #15

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