$995,000
$995,000
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316 E 23rd ST Long Beach, CA 90806
Key Details
Sold Price $995,000
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Subdivision Wrigley Area (Wr)
MLS Listing ID DW16705589
Sold Date 11/11/16
HOA Y/N No
Year Built 1947
Property Description
The property consists of 4 apartment units + 2 commercial units. 2 x 2 bedroom 1 bath units + 2 x 1 bedroom 1 bath units + 2 commercial / retail units on the ground floor. The apartment rents are very low with the 1 bedrooms rented at $600 and $575 and the 2 bedroom units rented at $1,100 and $1,300. The first commercial unit is leased to a kombucha tea store and manufacturing tenant at $1,200 per month. The tenant is doing very well and established themselves in the community. The second commercial unit is leased to an insurance company for $950 per month. The property has been well maintained with updates to the plumbing and restrooms. All leases are month to month except for the tea store whose lease expires in March 2017. Owner is willing to provide seller financing with $450k down.
Location
State CA
County Los Angeles
Area 5 - Wrigley Area
Zoning LBPD29
Interior
Fireplace No
Exterior
Pool None
Community Features Urban
Total Parking Spaces 10
Private Pool No
Building
Lot Description Corner Lot
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
Others
Tax ID 7208022001
Acceptable Financing Cash to New Loan, Owner Will Carry
Listing Terms Cash to New Loan, Owner Will Carry
Financing Cash to Loan
Special Listing Condition Standard
Lease Land No
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Bought with Chris Comfort • Apex Properties