Long Beach, CA 90806,2165 Earl Avenue
See all 3 photos
Long Beach, CA 90806,2165 Earl Avenue
Long Beach, CA 90806,2165 Earl Avenue

$1,380,000

Est. payment /mo

$1,375,000

0.4%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

2165 Earl Avenue Long Beach, CA 90806

5 Beds

3,769 SqFt

SOLD DATE : 10/16/2024

Key Details

Sold Price $1,380,000

Property Type Other Types

Sub Type OTHER

Listing Status Sold

Purchase Type For Sale

Square Footage 3,769 sqft

Price per Sqft $366

MLS Listing ID CL24423989

Sold Date 10/16/24

Bedrooms 5

HOA Y/N No

Year Built 1929

Lot Size 6,274 Sqft

Acres 0.14

Property Description

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.

Location

State CA

County Los Angeles

Area Listing

Zoning LBR2

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s), Other

Fireplace No

Laundry Community Facility, Laundry Room, Other

Exterior

Total Parking Spaces 8

Building

New Construction No

Others

Tax ID 7205030011

Read Less

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


Bridge MLS
Listed by KC James Dorame • Allure Capital Management Corp
Bought with JimmyThach
agent

Jodi Nishimura

Founder & Realtor® | License ID: 01762935

+1(510) 459-0471

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.