$777,000
$779,000
0.3%For more information regarding the value of a property, please contact us for a free consultation.
1400 E Appleton ST Long Beach, CA 90802
Key Details
Sold Price $777,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Alamitos Beach (Ab)
MLS Listing ID PW16159673
Sold Date 08/30/16
HOA Y/N No
Year Built 1960
Property Description
Alamitos Beach Triplex. Value-Add opportunity! Consisting of 2-(1 Br), 1-(2 Br 2 Ba), 3-(Garages). First time for sale in many, many years. The units are in fair condition, however the tenants are very long term and therefore, well below market rents. There is some deferred maintenance but believe it is primarily "cosmetic" repairs. This is an excellent opportunity to acquire a prime building in an excellent low vacancy rental area with an excellent opportunity to upgrade/rehab and add value to this desirable property. Building has a lot of square footage for only 3 units! One of the 1 Br's (#1402/upper front) is smaller than the other 1 Br (#1404/upper back). The 2 Br 2 Ba is the downstairs unit with a large patio area in back of the building, see pictures. There is a new main disconnect, new sub panels and breakers.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Interior
Cooling None
Flooring Carpet, Vinyl
Fireplaces Type None
Fireplace No
Exterior
Parking Features Assigned
Garage Spaces 3.0
Garage Description 3.0
Fence Masonry, Wood
Pool None
Community Features Curbs, Sidewalks
Utilities Available Sewer Connected
View Y/N No
View None
Roof Type Composition
Total Parking Spaces 6
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Entry Level Two
Foundation Slab
Water Public
Architectural Style Traditional
Level or Stories Two
Others
Senior Community No
Tax ID 7275011030
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Financing Cash
Special Listing Condition Standard
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Bought with Christine Frumen • Keller Williams Realty