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.
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
Owner options
What's special
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#: PW23041994
Originating 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