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932 Temple Avenue

Long Beach, CA 90804
  • $2,000,000
  • STATUS: Active
  • ON SITE: 27 Days
  • ID#: PW22083966
Price Reduced
$2,000,000
  • 0
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1954
County:

School Ratings & Info

Listing Agent(s): Maher Haroun of First Team Real Estate (714-964-3311)


Description

Nicely appointed 6 Unit building located in a very desirable area of Eastside Long Beach. The property has been extensively upgraded giving a new owner the opportunity to increase the monthly income through increased rents. Between 2016 and 2021 several upgrades have been completed, including a new roof installed in 2020. Other upgrades during this time include a newer electrical panel and all electrical conduits to each unit along with each units breaker box. A new wrought iron fence and wood fence along the south border, a new exterior staircase installed, new windows, replaced furnace/wall heaters in most units, and the exterior has been painted. Additionally, the kitchens and bathrooms in most of the units have been remodeled with new cabinets and new appliances. Newer garage doors, first-floor plumbing & sewer pipes. Laundry room with hookups which currently is used by tenants for storage. The list goes on. All units are separately metered for Gas and Electricity. Easy to manage, always rented, no vacancy for almost 5 years with room to increase rents.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-28T00:32:21.227. 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 deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.
www.northsdrealty.com/homes/128236816
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932 Temple Avenue Long Beach, CA 90804

  • Price: $2,000,000
  • Status: Active
  • On Site: 27 Days
  • ID#: PW22083966
0
Beds
0
Baths
0
½ Baths
0.15
Acres
1954
Built
Neighborhood:
Other (Othr)
County:
Los Angeles
Area:
3 - Eastside, Circle Area
Property Description
Nicely appointed 6 Unit building located in a very desirable area of Eastside Long Beach. The property has been extensively upgraded giving a new owner the opportunity to increase the monthly income through increased rents. Between 2016 and 2021 several upgrades have been completed, including a new roof installed in 2020. Other upgrades during this time include a newer electrical panel and all electrical conduits to each unit along with each units breaker box. A new wrought iron fence and wood fence along the south border, a new exterior staircase installed, new windows, replaced furnace/wall heaters in most units, and the exterior has been painted. Additionally, the kitchens and bathrooms in most of the units have been remodeled with new cabinets and new appliances. Newer garage doors, first-floor plumbing & sewer pipes. Laundry room with hookups which currently is used by tenants for storage. The list goes on. All units are separately metered for Gas and Electricity. Easy to manage, always rented, no vacancy for almost 5 years with room to increase rents.
Exterior Features

Fencing WoodWrought Iron Lot Features Near Public Transit Number Of Separate Electric Meters 6 Parking Features Garage Parking Total 4 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street

Interior Features

Common Walls 2+ Common Walls Fireplace Features None Fireplace YN No

Property Features

Additional Parcels YN No Common Interest Community Apartment Community Features Curbs Electric Expense 428 Fuel Expense 842 Garage YN Yes Gross Income 86868 Gross Scheduled Income 89448 Insurance Expense 3672 Land Lease YN No Laundry Features Common Area Levels Multi/Split Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanSubmit Maintenance Expense 4343 Net Operating Income 48387 New Construction YN No New Taxes Expense 27500 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 1 Operating Expense 41061 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Trash Expense 0 Water Sewer Expense 3571 Water Source Public Zoning Lbr2n



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-28T00:32:21.227. 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 deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.
 
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The Houston Team | Compass CA DRE#01991628
2100 Costa Del Mar
Carlsbad CA, 92009
Listing Agent(s): Maher Haroun of First Team Real Estate (714-964-3311)