Outstanding opportunity to bolster your investment portfolio with this bread and butter 6 unit residential income property in West Long Beach, CA. All units are 2 bedrooms and one bathroom with updated interiors. The six units are rented with the property offering a 6.02% cap rate and 11.87 GRM based on current rents, 2023 actual expenses and an estimated new property tax amount. 12 uncovered, tandem parking spaces located in the rear of the building and a convenient onsite laundry room. Popular rental area of Long Beach with close proximity to the Port, Harbor, Terminal Island and neighboring cities such as San Pedro, Harbor City and Torrance. This property has been well maintained and self-managed by owners for over 15 years.
Sold for $1,600,000 on 03/29/24
Listing Provided by:
Paul Gustin DRE #01179144 562-301-7656,
Coldwell Banker Realty
Bought with: Engel & Volkers LA South Bay
$1,600,000
1531 W 19th St APT 1-6, Long Beach, CA 90810
12beds
6baths
3,898sqft
Mixed Use
Built in 1959
-- sqft lot
$1,542,800 Zestimate®
$410/sqft
$-- Estimated rent
Home value
$1,542,800
$1.40M - $1.70M
Not available
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: March 29, 2024 at 06:53pm
Listing Provided by:
Paul Gustin DRE #01179144 562-301-7656,
Coldwell Banker Realty
Bought with:
David Salzman, DRE #00952732
Engel & Volkers LA South Bay
Maria Zuniga, DRE #01738368
Engel & Volkers LA South Bay
Source: CRMLS,MLS#: PW24021012
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 6
Heating
- Wall Furnace
Cooling
- None
Appliances
- Included: Dishwasher, Gas Oven, Gas Range
- Laundry: Common Area, Laundry Room
Features
- Ceiling Fan(s), Laminate Counters
- Flooring: Carpet, Laminate, Tile
- Windows: Blinds
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 3,898
- Total interior livable area: 3,898 sqft
Property
Parking
- Total spaces: 12
- Parking features: Off Street, Paved, One Space, Tandem, Uncovered
- Uncovered spaces: 12
Accessibility
- Accessibility features: No Stairs
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Exterior features: Lighting
- Pool features: None
- Spa features: None
- Fencing: Wrought Iron
- Has view: Yes
- View description: Neighborhood
Lot
- Size: 6,655 sqft
- Features: Near Park, Near Public Transit, Rectangular Lot
Details
- Parcel number: 7431026021
- Zoning: LBR2N
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Mixed Use
Condition
- New construction: No
- Year built: 1959
Utilities & green energy
- Sewer: Unknown
- Water: See Remarks
- Utilities for property: Cable Available
Community & neighborhood
Security
- Security features: Gated Community, Smoke Detector(s), Security Lights, Window Bars
Community
- Community features: Urban, Gated, Park
Location
- Region: Long Beach
- Subdivision: Westside/South Of Willow (Wsw)
HOA & financial
Other financial information
- Total actual rent: 138516
Other
Other facts
- Listing terms: Cash,Cash to New Loan,Conventional,1031 Exchange
Price history
| Date | Event | Price |
|---|---|---|
| 3/29/2024 | Sold | $1,600,000$410/sqft |
Source:  CRMLS #PW24021012 | ||
Public tax history
Tax history is unavailable.
Neighborhood: West Side
Nearby schools
GreatSchools rating
- 6/10Garfield Elementary SchoolGrades: K-5Distance: 0.4 mi
- 8/10Stephens Middle SchoolGrades: 6-8Distance: 1.2 mi
- 3/10Cabrillo High SchoolGrades: 9-12Distance: 0.2 mi
Get a cash offer in 3 minutes
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Estimated market value
$1,542,800
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,542,800