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1531 19th Street #1-6
Long Beach, CA 90810
Sold
1531 19th Street #1-6
Long Beach, CA 90810
Sold
Outstanding opportunity to bolster your investment portfolio with this bread and butter 6 unit residential income property in West Long Beach, CA. All units are 2 bedrooms and one bathroom with updated interiors. The six units are rented with the property offering a 6.02% cap rate and 11.87 GRM based on current rents, 2023 actual expenses and an estimated new property tax amount. 12 uncovered, tandem parking spaces located in the rear of the building and a convenient onsite laundry room. Popular rental area of Long Beach with close proximity to the Port, Harbor, Terminal Island and neighboring cities such as San Pedro, Harbor City and Torrance. This property has been well maintained and self-managed by owners for over 15 years.
PROPERTY INFORMATION
| MLS # | PW24021012 | Lot Size | 6,655 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Commercial/Residential |
| Price | $ 1,650,000
Price Per SqFt: $ 423 |
DOM | 514 Days |
| Address | 1531 19th Street #1-6 | Type | Residential Income |
| City | Long Beach | Sq.Ft. | 3,898 Sq. Ft. |
| Postal Code | 90810 | Garage | N/A |
| County | Los Angeles | Year Built | 1959 |
| Bed / Bath | 12 / 0 | Parking | 12 |
| Built In | 1959 | Status | Closed |
| Sold Date | 2024-03-29 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Community, Individual Room |
| Has Fireplace | No |
| Fireplace Information | None |
| Has Appliances | Yes |
| Kitchen Appliances | Dishwasher, Gas Oven, Gas Range |
| Has Heating | Yes |
| Heating Information | Wall Furnace |
| Room Information | Kitchen, Living Room |
| Has Cooling | No |
| Cooling Information | None |
| Flooring Information | Carpet, Laminate, Tile |
| InteriorFeatures Information | Ceiling Fan(s), Formica Counters, Laminate Counters |
| EntryLocation | 1 |
| Entry Level | 1 |
| Has Spa | No |
| SpaDescription | None |
| WindowFeatures | Blinds |
| SecuritySafety | Gated Community, Security Lights, Smoke Detector(s), Window Bars |
EXTERIOR FEATURES
| ExteriorFeatures | Lighting |
| Has Pool | No |
| Pool | None |
| Has Fence | Yes |
| Fencing | Wrought Iron |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,760
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 03/29/2024 | Sold | $1,600,000 |
| 03/28/2024 | Pending | $1,650,000 |
| 03/01/2024 | Active Under Contract | $1,650,000 |
| 02/02/2024 | Listed | $1,650,000 |
Topfind Realty
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(844)-333-8033
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Listing provided courtesy of Paul Gustin, Coldwell Banker Realty. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. 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.
