$1,831,100
$1,950,000
6.1%For more information regarding the value of a property, please contact us for a free consultation.
5,989 Sqft Lot
SOLD DATE : 03/07/2024
Key Details
Sold Price $1,831,100
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Subdivision Eastside (Es)
MLS Listing ID PW24005149
Sold Date 03/07/24
HOA Y/N No
Year Built 1987
Lot Size 5,989 Sqft
Property Description
3901 E. 11th Street is a 7-unit apartment asset built in 1987 located in Long Beach, California. The property is offered at 5.45% cap rate and 12.15 GRM on current rents. The property is comprised of (6) 1BD / 1BA units and (1) 3BD / 3.5BA unit with ample parking of nine (9) surface spaces.
All units have been fully remodeled with recessed lighting, new flooring, new kitchen countertops, cabinetry, and stainless steel appliance, new bathrooms, and modern fixtures and features throughout. Renovated units offer in-unit washers and dryers. The property is located in a quiet, residential neighborhood near Belmont Heights.
Location
State CA
County Los Angeles
Area 3 - Eastside, Circle Area
Zoning LBR3S
Interior
Fireplace No
Laundry Inside
Exterior
Garage Spaces 8.0
Garage Description 8.0
Pool None
Community Features Sidewalks
Total Parking Spaces 8
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 7254004029
Energy Description 913.5
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Dean Lueck • Compass