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477 South Street
Long Beach, CA 90805
Sold
Pleased to present 477 E. South Street near the Bixby Knolls area Long Beach. The 16-unit apartment community is comprised of a desirable unit mix of all 2-Bedroom/1-Bathroom units. The building also offers tenants access to a treelined community courtyard with drought resistant landscaping. There is also a community laundry room for tenants to use. Priced under $250,000/unit the property generates cashflow to a 6.3% CAP Rate on current rents with additional upside for the prudent investor. The community is extremely well located just off Atlantic Avenue restaurants and shops. It also offers easy access to 91, 710, and 405 freeways.
PROPERTY INFORMATION
| MLS # | PW23173500 | Lot Size | 10,428 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Apartment |
| Price | $ 3,800,000
Price Per SqFt: $ 386 |
DOM | 660 Days |
| Address | 477 South Street | Type | Residential Income |
| City | Long Beach | Sq.Ft. | 9,840 Sq. Ft. |
| Postal Code | 90805 | Garage | N/A |
| County | Los Angeles | Year Built | 1961 |
| Bed / Bath | 18 / 0 | Parking | 12 |
| Built In | 1961 | Status | Closed |
| Sold Date | 2023-12-01 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Common Area |
| Has Fireplace | No |
| Fireplace Information | None |
| EntryLocation | 1 |
| Entry Level | 1 |
EXTERIOR FEATURES
| Has Pool | No |
| Pool | None |
WALKSCORE
Walk Score: 81 (Very Walkable)
Transit Score: 45 (Some Transit)MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $4,053
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 10/12/2023 | Pending | $3,800,000 |
Topfind Realty
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(844)-333-8033
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Listing provided courtesy of Doug Rodermund, Morgan Skenderian. 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.
