1130 E Hellman Street, Long Beach, CA 90813

$1,395,000
2,640
SqFt
List Price
$1,395,000
Price Change
▼ $55,000 1555488691
Status
ACTIVE
MLS#
NP19048379
Year Built
1923
Living Sq. Ft
2,640
Lot Size
5,920
Acres
0.1359
Lot Location
6-10 Units/Acre, Front Yard
Days on Market
70
Property Type
Multifamily
Neighborhood
Other (Othr)

Property Description

This newly renovated 6 unit building is a strong investment opportunity. Located in the North Alamitos Beach neighborhood of Long Beach, all 6 units were completely remodeled down to the studs and have new floors, kitchens, countertops, bathrooms, appliances and laundry inside. Each unit is a 1 Bed, 1 Bath with all the quality finishes pictured here. Included are 4 rent-producing garages with new garage doors and fresh paint throughout. This is a great income property currently operating at a Cap rate of 5.4% and reliable occupied tenants with long term 12 month leases. Property is a short drive from a robust downtown area with shopping and theaters, Alamitos Beach, the historic Queen Mary, the convention center, colleges, golf courses and freeways. Please do not disturb tenants. Contact agent for showings. Thank you!

Additional Information

Tract Number
1
Lot Description
Curbs, Gutters, Sidewalks
Pool Description
None
Fireplace Description
None
Heat
Wall Furnace
Cooling Description
None
Garage Spaces Total
4
Sewer
Sewer Paid
Water
Public
Attached Structure
Attached
Total Number of Units
6

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Steven Bud Mastropaolo from The Address, Inc

Based on information from California Regional Multiple Listing Service, Inc. as of . 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.