$1,659,000
$1,659,000
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8 Beds
9 Baths
4,945 SqFt
SOLD DATE : 04/08/2026
Key Details
Sold Price $1,659,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 4,945 sqft
Price per Sqft $335
MLS Listing ID 26638761
Sold Date 04/08/26
Bedrooms 8
HOA Y/N No
Year Built 1947
Lot Size 5,932 Sqft
Property Description
Priced to sell at 9.7 GRM with upside to 8.7 GRM and a 8.1% CAP. 9 units located in Long Beach NOT subject to local rent control, just AB 1482 (max increase of 5% + CPI). Located on a quite street in the Wrigley district. Excellent unit mix for the area, with long term tenants. The property was updated in 2019 throughout and is professionally managed and well maintained. A new owner could achieve over a 10% upside in rents. Property has onsite laundry and features a 400 AMP Main electrical panel and 50 AMP subpanels (Buyer to verify). Qualified Buyers can put down as little as 25%. Contact Loan Broker to find out more. EARN OVER A 12% CASH ON CASH RETURN AGAINST IN PLACE RENTS. Email Listing Agent for more info including a Rent Roll and OM.
Location
State CA
County Los Angeles
Area 5 - Wrigley Area
Zoning LBR2N
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Parking Features None
Building
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7205019017
Special Listing Condition Standard
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Bought with Mark Bridge Mark Bridge, Broker
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