Status: Under Contract - Under Contract
On Site:35 Days
Lot Size:7,522 Sq. Ft.
Large 4 unit property in upper downtown Long Beach. Big 5 bedroom older separate home in front with 2 baths, and 3 newer 2 bedroom 1 bath units in back over the huge carport area.(built in 1989) Management company says house has 3 off-street parking and the units have 1 each, but the space looks much larger, and there is room to park cars on outside of fence to the parking area. The newer units in the back have granite counters and wood cabinets in the kitchen. Rents are under market.
$000 Monthly Payment
Loan and interest only. Taxes and insurance not included.
Address:1755 Pine Ave Long Beach, CA 90813
Area:4 - Downtown Area/ Alamitos Beach
Number of Buildings: 2
Total Units: 4
Stories Total: 2
Unit 1: 1 Unit•5 Beds•2 Baths•Unfurnished•$1,935 actual rent•$1,935 total rent•$2,500 pro forma
Unit 2: 1 Unit•2 Beds•1 Bath•Unfurnished•$1,180 actual rent•$1,180 total rent•$1,500 pro forma
Unit 3: 1 Unit•2 Beds•1 Bath•Unfurnished•$1,130 actual rent•$1,130 total rent•$1,500 pro forma
Unit 4: 1 Unit•2 Beds•1 Bath•Unfurnished•$1,235 actual rent•$1,235 total rent•$1,500 pro forma
Carport Spaces: 6.0
Parking Total: 6.0
Features / Amenities
Common Walls: 2+ Common Walls
Lot Size: 0.17 Acres / 7,522 Sq. Ft.
Lot Features: Near Public Transit, Street Level
Sewer: Public Sewer
Directions:South of PCH on Pine Ave. Property on the right or West side of street
Tax and Financial Info
Gross Income: $65,760
Gross Scheduled Income: $65,760
Net Operating Income: $21,506
Electric Expense: $227
Gardener Expense: $1,800
Insurance Expense: $2,000
Maintenance Expense: $1,728
New Taxes Expense: $13,250
Pest Control Expense: $1,337
Water/Sewer Expense: $1,684
WALKING AND TRANSPORTATION
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Listing provided courtesy of Kathy Shasha, Coldwell Banker Coastal Alliance.
Based on information from California Regional Multiple Listing Service, Inc. as of June 13, 2021. 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. IDX provided by Sierra Interactive.