Long Beach, CA 90802,429 Walnut AVE

$1,265,000

Est. payment /mo

$1,199,000

5.5%
Est.Price: ?

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429 Walnut AVE Long Beach, CA 90802

SOLD DATE : 08/10/2016

Key Details

Sold Price $1,265,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Alamitos Beach (Ab)

MLS Listing ID OC16104911

Sold Date 08/10/16

HOA Y/N No

Year Built 1919

Tax Year 2016

Property Description

100% remodeled 6 unit apartment complex located in the heart of Retro Row on 4th Street in Long Beach, CA. The property features a fourplex up front which consists of Four - larger 1 Bed / 1 Bath units and a duplex in the back, comprised of Two – 1 Bed / 1 Bath units. Current ownership has spent over $200,000 in recent improvements. Recent upgrades include, but are not limited to new hardwood flooring, completely remodeled kitchens and appliances, bathroom tiling, copper plumbing, upgraded electrical, and washer/dryer in every unit. Tenants enjoy on-site garage parking, fully renovated units, and a fantastic central Long Beach location close shopping, restaurants, and amenities. Current 5.13% Cap Rate and Pro Forma 6.02% Cap Rate.

Location

State CA

County Los Angeles

Area 4 - Downtown Area, Alamitos Beach

Interior

Fireplace No

Laundry Washer Hookup, Gas Dryer Hookup

Exterior

Garage Spaces 3.0

Garage Description 3.0

Pool None

Community Features Curbs, Street Lights, Sidewalks

Utilities Available Sewer Available

Total Parking Spaces 9

Private Pool No

Building

Water Public

Others

Tax ID 7266018016

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Financing Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Pat Swanson • Pat Swanson
Bought with Michael Gelfond • Bedford Properties

Engel & Völkers Palm Desert

Broker | License ID: d24350

+1(909) 327-2223

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