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Sold for $1,250,000 on 08/26/22
  • Listing Provided by: 

    Robert Stepp DRE #01456379 310-482-2200,

    Keller Williams - Santa Monica,

    Co-Listing Agent: John Alden DRE #02114291,

    Alden Pacific Investments, Inc.

    $1,250,000

    2238-2244 Earl Ave, Long Beach, CA 90806

    --beds
    --baths
    3,758sqft
    Multi Family
    Built in 1938
    -- sqft lot
    $1,434,600 Zestimate®
    $333/sqft
    $4,383 Estimated rent

    What's special

    2238 Earl Avenue is a 4-unit investment asset in the up- and-coming South East Wrigley neighborhood, just north of Downtown Long Beach. The units are bright and spacious featuring two 2 BD/ 1 BA units and two 1 BD/1 BA units with separate entrances, totaling 3,758 square feet of building area. One two bed unit has been completely gutted and renovated. The remaining three units having brand new bathrooms, vinyl flooring, paint and ceiling fans. The property sits on a large lot at 5,845 square feet with beautifully landscaped front and backyards. Four detached garages sit off the back alley that have the potential to be converted to ADUs. The roof has been recently repaired on the main building and is in great condition while the garages feature all new doors. 2238 Earl Ave provides a new buyer the opportunity to own large units in a high demand rental market and 19.75% gross rent upside potential with the existing units.

    Zillow last checked: 7 hours ago

    Listing updated: August 29, 2022 at 09:32am

    Listing Provided by:

    Robert Stepp DRE #01456379 310-482-2200,

    Keller Williams - Santa Monica,

    Co-Listing Agent: John Alden DRE #02114291,

    Alden Pacific Investments, Inc.

    Bought with:

    Jeffrey Isenberg, DRE #02059354

    Buckingham Investments, Inc

    Source: CRMLS,MLS#: PW22115606MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Appliances
    • Laundry: None
    Features
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 3,758
    • Total interior livable area: 3,758 sqft

    Property

    Parking
    • Total spaces: 4
    • Parking features: Garage
    • Garage spaces: 4
    Features
    • Pool features: None
    Lot
    • Size: 5,845 sqft
    • Features: 2-5 Units/Acre
    Details
    • Parcel number: 7208024010
    • Zoning: LBR2N
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1938

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Sidewalks
    Location
    • Region: Long Beach
    • Subdivision: Wrigley Area (Wr)

    Other

    Other facts
    • Listing terms: Cash,Cash to New Loan,1031 Exchange
    Services availability
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    Estimated market value

    $1,434,600