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2165 Earl Avenue
Long Beach, CA 90806
Sold
Great investor opportunity to acquire a well maintained 4 unit building located in the high demand South Wrigley Sub-Market of Long Beach. The building is a cash machine, has a 6.9% in place cap rate, a 7.2%+ ProForma Cap Rate, and is 100% leased. It contains (3) spacious 2 Bedroom / 1 Bathroom Units, and (1) very spacious 3 Bedroom / 1 Bathroom Unit. The building also has a detached garage complex containing (3) one car garages that can be used as storage if needed and fit one vehicle parked behind. Three of the apartment have been remodeled within the last two years and the one remaining non-remodeled unit gives the new owner and opportunity to remodel, add value, and bring up to market rent. The property is located in close proximity to schools, banks, shopping centers, public transit, and easy freeway access. It is within walking distance of Long Beach Poly High, and only 2.1 miles from Downtown Long Beach. The area boats strong rental demand and all vacancies have been easily filled at market rent with multiple applicants coming forth.
PROPERTY INFORMATION
| MLS # | 24423989 | Lot Size | 6,274 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 1,375,000
Price Per SqFt: $ 365 |
DOM | 255 Days |
| Address | 2165 Earl Avenue | Type | Residential Income |
| City | Long Beach | Sq.Ft. | 3,769 Sq. Ft. |
| Postal Code | 90806 | Garage | N/A |
| County | Los Angeles | Year Built | 1929 |
| Bed / Bath | 8 / 0 | Parking | 8 |
| Built In | 1929 | Status | Closed |
| Sold Date | 2024-10-16 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Individual Room, Outside, Community |
| Has Appliances | Yes |
| Kitchen Appliances | Dishwasher, Disposal, Microwave |
| Has Heating | Yes |
| Heating Information | Wall Furnace |
| Has Cooling | Yes |
| Cooling Information | Wall/Window Unit(s), Electric |
| InteriorFeatures Information | Ceiling Fan(s) |
| Has Spa | No |
| SpaDescription | None |
EXTERIOR FEATURES
| FoundationDetails | Raised |
| Has Pool | No |
| Pool | None |
| Has Patio | No |
| Patio | None |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,467
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 08/02/2024 | Listed | $1,375,000 |
Topfind Realty
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(844)-333-8033
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Listing provided courtesy of KC James Dorame, Allure Capital Management Corp. 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.
