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Sold for $750,000 on 02/09/23
  • Listing Provided by: 

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

    Steven M. Bogoyevac, Broker

    Bought with: Steven M. Bogoyevac, Broker
    $750,000

    1325 E 11th St, Long Beach, CA 90813

    4beds
    3baths
    2,014sqft
    Triplex
    Built in 1919
    -- sqft lot
    $892,000 Zestimate®
    $372/sqft
    $2,683 Estimated rent

    Owner options

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    $2,683/mo

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    $2,683/mo

    Rent Zestimate®

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    $4,604/mo

    Est. payment

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    $4,604/mo

    Est. payment

    What's special

    1325 East 11th Street is a triplex in Long Beach, California. This offering is a great opportunity for an investor to acquire an asset in a strong rental submarket and capture 28 percent potential upside in rents. The property consists of a two-bed/one-bath house with a fenced patio and a rear building with two one-bed/one-bath units above four single-car garages. On-site parking is a sought-after amenity in this parking-impacted area of Long Beach, and the garages generate significant additional income. The units are separately metered for gas and electricity, and the property also offers shared laundry facilities. 1325 East 11th Street is located in Long Beach’s Cambodia Town neighborhood just south of Anaheim Street. This dense rental area has easy access to Downtown Long Beach and the 710 Freeway.

    Zillow last checked: 8 hours ago

    Listing updated: February 09, 2023 at 12:22pm

    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#: PW22253633MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 3
    Appliances
    • Laundry: Common Area
    Features
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total structure area: 2,014
    • Total interior livable area: 2,014 sqft

    Property

    Parking
    • Total spaces: 4
    • Parking features: Garage
    • Garage spaces: 4
    Features
    • Pool features: None
    Lot
    • Size: 5,111 sqft
    • Features: Rectangular Lot
    Details
    • Parcel number: 7267002030
    • Zoning: LBR2N
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Triplex
    Condition
    • New construction: No
    • Year built: 1919

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Suburban
    Location
    • Region: Long Beach

    Other

    Other facts
    • Listing terms: Cash,Cash to New Loan
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    Estimated market value
    $892,000