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For sale
  • Listing Provided by: 

    Jeff Kim DRE #01959539 Jeff@kimrealtygroup.com,

    eXp Realty of California, Inc.,

    Jessica Appley DRE #02091500 619-450-1879,

    eXp Realty of California, Inc.

    $3,990,000

    477 E South St, Long Beach, CA 90805

    --beds
    --baths
    9,840sqft
    : 
    Multi Family
    Built in 1961
    -- sqft lot
    $-- Zestimate®
    $405/sqft
    $-- HOA

    What's special

    Updated plumbingUpgraded bathrooms
    Invest in Long Beach near Bixby Knolls and own this updated 16-unit apartment community. Composed of a desirable unit mix of all 2-bed, 1-bath units across two buildings with a courtyard in between, this property boasts a scheduled CAP rate of 5.58% at 100% occupancy. One unit is currently vacant. Fourteen of 15 existing leases are month-to-month. Five of the 16 units are newly renovated (2024) with updated plumbing, paint, flooring and kitchen finishes. Two of these five units also feature upgraded bathrooms and lighting throughout. More 2024 building updates include all new electrical panels, and new water lines to 8 of the 16 units. A community laundry room provides additional income. This apartment building is located near Atlantic Avenue restaurants and shops, the new KB Homes mixed-use development Rhythm (under construction), and easy access to the 91, 710 and 405 freeways.
    160 days
    on Zillow
    |
    60
    |
    2
    |

    Zillow last checked: 7 hours ago

    Listing updated: February 14, 2025 at 01:19pm

    Listing Provided by:

    Jeff Kim DRE #01959539 Jeff@kimrealtygroup.com,

    eXp Realty of California, Inc.,

    Jessica Appley DRE #02091500 619-450-1879,

    eXp Realty of California, Inc.

    Source: CRMLS,MLS#: PTP2407021MLS LogoOriginating MLS: California Regional MLS (North San Diego County & Pacific Southwest AORs)
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    Facts & features

    Interior

    Appliances
    • Laundry: Common Area
    Features
    • Has fireplace: No
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 9,840
    • Total interior livable area: 9,840 sqft

    Property

    Parking
    • Total spaces: 12
    • Uncovered spaces: 12
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: Ground floor
    • Pool features: None
    Lot
    • Size: 10,429 Square Feet
    • Features: Level
    Details
    • Parcel number: 7125032033
    • Zoning: LBCMR
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Condition
    • Year built: 1961

    Community & HOA

    Community
    • Features: Curbs, Sidewalks, Urban
    Location
    • Region: Long Beach

    Financial & listing details

    • Price per square foot: $405/sqft
    • Date on market: 11/14/2024
    • Listing terms: Cash,Conventional
    • Total actual rent: 26228
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