1135 Appleton st, Long Beach, CA 90802
Pending
$2,595,000
7%
10 Units
3 Beds
2 Baths
7,045 Area(sq.ft.)
Lot: 8,224 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 2 | 2 | 1 | No | $ 2,012 | $ 4,025 | $ 4,025 |
| Unit 2 | 8 | 1 | 1 | No | $ 1,744 | $ 13,950 | $ 13,950 |
| 10 | 12 | 10 | $ 17,976 | $ 119,650 | $ 119,650 |
| MLS #: | PW25016965MR |
| Days On Market: | 316 |
| Listing Date: | January 23, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 368 |
| Price per unit: | $ 259,500 |
| Year Built: | 1953 |
Property Details
Property just recently completed the process of upgrading the existing 11 meters. Installing 11 new electric panels in outside cabinet & installing a new 400amp main disconnect switch supplying power to 10 existing apartment units. Nearly $92K was spent on this upgrade. Spacious 10 unit building with 5 garages in a prime location of Long Beach. Enjoy an attractive unit mix of (2) 2bd/1ba & (8) 1bd/1ba units. Units are very spacious with a total of 7,045 sqft. Tenants enjoy on-site Laundry & large grass yard at the front and also along the side of the building. The building is located in a very desirable area near both Belmont shores and close to Shoreline Village, The Pike Outlets, and downtown giving you great access to restaurants, shopping, near the ocean and beaches, and close to many freeways, the Long Beach airport, CSLB, and more.Interested in this Listing?
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Income Details
| Rent Control: | Yes |
| Total Annual Expense: | $ 0 |
| Net Operating Income: | $ 138,733 |
| Gross Rent Multiplier: | 12.04 |
| Actual Gross Rent: | $ 17,975 |
Structure
| Community Features: | Sidewalks |
| Sewer: | Public Sewer |
| Water: | Public |
Land & Parking
| Zoning: | LBR3S |
| Land Lease Type: | Fee |
Interior
| Laundry: | Laundry Area |
| Laundry Equipment: | Lease |
| Laundry Income: | 623.00 |
Exterior
| Pool: | No |
Detailed Map
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