$1,700,000
$1,700,000
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118 Orange Ave. Long Beach, CA 90802
4,996 Sqft Lot
Key Details
Sold Price $1,700,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Subdivision Alamitos Beach (Ab)
MLS Listing ID DW22070397
Sold Date 06/29/22
HOA Y/N No
Year Built 1935
Lot Size 4,996 Sqft
Property Description
A great 4(1x1) building with 9 garages opportunity in the heart of Alamitos Beach. Building is well maintained and has a one year old roof with some copper plumbing. The building has an on site owner owned laundry room that generates extra income. Orange Avenue is short 1.5 blocks walk from beach. It is near Downtown and Belmont Shores dining and entertainment. The location attracts quality tenants, looking for an exceptional living experience and a vibrant neighborhood. Property provides tenants with a landscaped, peaceful, safe and enjoyable secured private courtyard. Each tenant has a garage with direct in and out access to the courtyard. Long Beach is freeway close to Los Angeles and Orange county employment centers. All units have crown molding, baseboards and wood trim around all windows and doors. Property may offer the opportunity to convert some of the garages into ADUs for more income. Advise checking with City of Long Beach. Property has been professionally managed for many years. Garages annual income included in Gross Schedule Income. Also add rented 5 garages sq.ft. (1,150) to 2592 sq. ft. for accurate rental sq. ft.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Interior
Heating Wall Furnace
Cooling None
Flooring Laminate, Tile
Fireplaces Type Bath, Kitchen, Living Room, Primary Bedroom
Fireplace Yes
Appliance Disposal, Gas Oven, Gas Water Heater, Refrigerator, Range Hood, Water Heater, Dryer, Washer
Laundry Common Area
Exterior
Parking Features Assigned
Garage Spaces 9.0
Garage Description 9.0
Fence Wrought Iron
Pool None
Community Features Curbs, Gutter(s), Sidewalks
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Roof Type Flat,Reflective
Total Parking Spaces 9
Private Pool No
Building
Lot Description Sprinklers In Front, Landscaped, Rectangular Lot, Sprinklers Timer, Sprinkler System, Yard
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 7265011022
Acceptable Financing Cash to New Loan, Conventional
Listing Terms Cash to New Loan, Conventional
Financing Cash to New Loan
Special Listing Condition Standard
Lease Land No
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Bought with Sergio Macias • Kohr Group Realty