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Sold for $3,300,000 on 04/25/23
  • Listing Provided by: 

    Steven Bogoyevac DRE #01332755 steve.bogoyevac@marcusmillichap.com,

    Steven M. Bogoyevac, Broker

    Bought with: Steven M. Bogoyevac, Broker
    $3,300,000

    111 W Del Amo Blvd, Long Beach, CA 90805

    26beds
    18baths
    12,404sqft
    Mixed Use
    Built in 1963
    -- sqft lot
    $3,782,700 Zestimate®
    $266/sqft
    $2,013 Estimated rent

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    $2,013/mo

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    $2,013/mo

    Rent Zestimate®

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    $20,729/mo

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    $20,729/mo

    Est. payment

    What's special

    111 West Del Amo Boulevard is an 18-unit apartment building in Long Beach, California. This asset presents a great opportunity for an investor to acquire a partially renovated asset in a strong rental market, continue renovating the property, and capture 42 percent rental upside. 111 West Del Amo Boulevard offers a mix of eight two-bedroom/one-bath and 10 one-bedroom/one-bath units and a competitive amenities package that includes a pool, controlled access, laundry facilities, and 12 single-car garages with tandem driveway parking. The asset boasts several recent improvements, including all new windows, a new pool fence, newer pool equipment, and the recent remodeling of three units with the remodel of a fourth unit currently underway. The property is in a solid rental location with great visibility along Del Amo Boulevard and proximate to schools; Perry Lindsey Middle School is directly across the street, and Dooley Elementary is just down the block. Additionally, the Bixby Knolls Shopping Center is a mile away, offering tenants easy access to a Vons, ALDI, Marshalls, Starbucks, post office, and more.

    Zillow last checked: 8 hours ago

    Listing updated: April 25, 2023 at 01:57pm

    Listing Provided by:

    Steven Bogoyevac DRE #01332755 steve.bogoyevac@marcusmillichap.com,

    Steven M. Bogoyevac, Broker

    Bought with:

    Steven Bogoyevac, DRE #01332755

    Steven M. Bogoyevac, Broker

    Source: CRMLS,MLS#: PW23041994MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 26
    • Bathrooms: 18
    Appliances
    • Laundry: Common Area
    Features
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total structure area: 12,404
    • Total interior livable area: 12,404 sqft

    Property

    Parking
    • Total spaces: 24
    • Parking features: Garage
    • Garage spaces: 12
    • Uncovered spaces: 12
    Features
    • Pool features: Community
    Lot
    • Size: 0.30 Acres
    • Features: Rectangular Lot
    Details
    • Parcel number: 7132024019
    • Zoning: LBR1N
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Mixed Use
    Condition
    • New construction: No
    • Year built: 1963

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Suburban, Pool
    Location
    • Region: Long Beach
    • Subdivision: North Long Beach (Nlb)

    Other

    Other facts
    • Listing terms: Cash,Cash to New Loan
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    Estimated market value
    $3,782,700