510 E Pleasant Street $1,804,888

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    510 E Pleasant Street Long Beach, CA 90805

    Closed
    SOLD 12/1/2020

    $1,804,888

    • 0 Beds
    • 0 Baths
    • 7,310 sq. ft.
    • Multi-Family
    • MLS# PW20224133
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    Views: 69

    Property Details

    Take advantage of this great opportunity on this 9-Unit apartment building on the border of Bixby Knolls in North Long Beach. The 9-Units are currently ALL rented, paying rent and professionally managed. Amazing 12.3 GRM based on current rents and garage/parking/laundry income. Seven(7) two-bedroom/one-bathroom units and Two(2) one-bedroom/one-bathroom units; all separately metered for gas and electric. Some units have been updated as they have come available. Currently about 6 units below market rent. Room to increase! Current rents, parking and laundry income is producing $146,394 GSI. Five major upgrades over the past 18 months including: New roof; New exterior paint; New dual-pane vinyl windows; New water heater and New landscaping with automatic sprinklers. Private courtyard area with grass and picnic table area. On-site laundry room as well as 4 garages and 2 carport parking spaces which also earn added income. The perfect value for taking advantage of today's record low interest rates while they last. Please do not disturb tenants.

    • General Features
      • Community Features Sidewalks,Street Lights
      • County Or Parish Los Angeles
      • Number Of Buildings 2
      • Number Of Separate Electric Meters 9
      • Number Of Separate Gas Meters 9
      • Number Of Separate Water Meters 1
      • Number Of Units Leased 9
      • Number Of Units Total 9
      • Subdivision Name North Long Beach (NLB)
      • YearBuilt 1963
    • Building Features
      • Carport Spaces 2.00
      • Flooring Carpet,Laminate,Tile
      • Heating Wall Furnace
      • Laundry Features Community
      • Levels Two
      • Roof Composition
    • Property Features
      • Fencing Security
      • Lot Size Acres 0.19
      • Lot Features Lot 6500-9999,Sprinkler System
      • Pool Private Y/N 0
      • Pool Features None
      • View None
      • Parking Total 6.00

    Neighborhood

    90805 (Long Beach) Demographics

    31 Median Age
    12,743 Population Density (per sq. mile)
    20% College Educated
    $50,914 Estimated Median Income
    11,201 Estimated Total Home Owners
    16,153 Estimated Total Renters
    41% / 59% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    95,995 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $640,000 Median Sales Price
    35 Homes Sold
    35 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- New in Database Source: Multiple Listing Service New Value: $0 -100%
        12/1/2020 12:00:00 AM Sold Source: Multiple Listing Service New Value: $1,804,888
        Based on information from California Regional Multiple Listing Service, Inc. as of 12/1/2021 5:03:56 PM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.