$1,040,000
$1,250,000
16.8%For more information regarding the value of a property, please contact us for a free consultation.
6,534 Sqft Lot
SOLD DATE : 02/28/2020
Key Details
Sold Price $1,040,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Circle (Ca)
MLS Listing ID PW19267328
Sold Date 02/28/20
Construction Status Turnkey
HOA Y/N Yes
Year Built 1963
Lot Size 6,534 Sqft
Property Description
1534 Grand Avenue is a unique and outstanding 8-unit investment opportunity in a prime Eastside Long Beach location below the traffic circle. The offering consists of two 4-unit buildings with spacious units on manicured grounds. (APN 7253-013-052 is named Vista and is this listing, 7253-013-051 is named Granada and is MLS ID: PW19267191 - each are priced the same and the owner wishes to sell them together). These are two of the four 4-unit buildings in the PUD that have a gated pool area and lawns separating them (the other two buildings to the south are each owned separately). The long-time owner residents have taken great care of the property. The units and common areas are in excellent condition. The 2bd/2ba unit is two-story and has a balcony, enclosed patio, fireplace and laundry closet. There’s one extra-large 1-bd unit upstairs (also with a fireplace) with two more nice 1-bd units (one up and one down). Featuring copper plumbing (from the meters in), 4 attached garages per building (with washer/dryer hookups and storage) and 8 additional off-street parking places. 1534 Grand Ave has a common area pool, a tranquil atmosphere and easy access to freeways, shopping, CSULB, Belmont Shore and Downtown LB – all attractive to east Long Beach’s strong renter base. Tenants appreciate the condo like environment and the units are easy to rent because this is a great place to call home (or your investment property!).
Location
State CA
County Los Angeles
Area 3 - Eastside, Circle Area
Zoning LBRR2N
Interior
Interior Features Ceiling Fan(s)
Heating Radiant
Flooring Carpet, Laminate, Vinyl
Fireplaces Type Living Room
Fireplace Yes
Appliance Electric Range, Electric Water Heater
Laundry Common Area, In Garage
Exterior
Exterior Feature Rain Gutters
Parking Features Storage
Garage Spaces 4.0
Garage Description 4.0
Pool Community, Association
Community Features Street Lights, Sidewalks, Park, Pool
Utilities Available Electricity Connected, Natural Gas Not Available, Sewer Connected, Water Connected
Amenities Available Pool
Waterfront Description Ocean Side Of Freeway,Ocean Side Of Highway
View Y/N Yes
View Neighborhood, Pool
Total Parking Spaces 8
Private Pool No
Building
Lot Description Lawn, Landscaped, Near Park, Near Public Transit, Street Level
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Architectural Style Mid-Century Modern
Level or Stories Two
New Construction No
Construction Status Turnkey
Others
Senior Community No
Tax ID 7253013052
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Financing Private,Seller Financing
Special Listing Condition Standard, Trust
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Bought with Marcos Ramirez • Keller Williams Pacific Estate