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500 51st Street, Long Beach, CA 90805
Priced at Only: $3,885,000
For more Information Call Mobile: 714.478.6676
Address: 500 51st Street, Long Beach, CA 90805
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  • MLS#: PW25062894 ( Apartment )
  • Street Address: 500 51st Street
  • Viewed: 1
  • Price: $3,885,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1963
  • Bldg sqft: 0
  • Days On Market: 15
  • Additional Information
  • County: LOS ANGELES
  • City: Long Beach
  • Zipcode: 90805
  • Subdivision: Other (othr)
  • Provided by: VPMI, INC.
  • Contact: Daniel Daniel
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Located in the heart of Long Beach, 15 unit apartment building majority 2 bedrooms (10) and five 1 bedrooms. This building offers a prime investment opportunity with upside in rents. With a diverse pool of tenant base looking for affordable housing there's sure to be a stream of renters. There is also opportunity for additional income with garage spaces as well as potential RUBS income, one side of the building is master metered. Recent cap ex includes a new roof over the 500 side of the property and roof update to the 520 side. All new paint over the entire building. Hand Railings were reinforced on the second floor, walkways were also updated and re done. New flooring in the laundry rooms, a new 100 gallon water heater on the 500 side. And 90% of the units have vinyl plank, all recently installed. With all the work being done recently there is still opportunity for an investor to increase rent and add additional income.
Features
Building Area Total
  1. 11322.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 2+ Common Walls
Country
  1. US
Electric Expense
  1. 12192.00
Fuel Expense
  1. 100.00
Garage Spaces
  1. 11.00
Heating
  1. Floor Furnace
Insurance Expense
  1. 9800.00
Laundry Features
  1. Community
Levels
  1. Two
Lockboxtype
  1. Call Listing Office
Lot Features
  1. 0-1 Unit/Acre
Netoperatingincome
  1. 146382.00
Parcel Number
  1. 7130016031
Pool Features
  1. None
Professionalmanagementexpense
  1. 9000.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 434746092:CRM
Subdivision Name Other
  1. N Long Beach
Totalexpenses
  1. 142000.00
Trash Expense
  1. 10000.00
Water Sewer Expense
  1. 33171.00
Water Source
  1. Public
Year Built
  1. 1963
Year Built Source
  1. Public Records
Zoning
  1. LBR4R
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Mobile: 714.478.6676
  5. Fax: 714.975.9953
  6. salesbyxavier@gmail.com
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