$750,000
$799,000
6.1%For more information regarding the value of a property, please contact us for a free consultation.
1228 N Loma Vista DR Long Beach, CA 90813
Key Details
Sold Price $750,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Drake Park (Dp)
MLS Listing ID TR18141303
Sold Date 09/21/18
HOA Y/N No
Year Built 1913
Property Description
*PROBATE SALE* Great 4-units investment opportunity in the historical Drake Park/Willmore District of Long Beach! This sale is including the APN 7272-004-037 located at the rear of the subject property, which is the vacant land alley way easement that is utilized by the two neighboring units for access to their own individual properties. Perfect for investor owned or a great opportunity to live in one and rent out the others! Do not let this chance slip away! This property consists of 2 separate buildings - the first building in the front is a free-standing two-story single house with 4 bedrooms and 2 bathrooms (address 1166 Magnolia Ave). The second building consists of multiple studio-type units with individual kitchens for each unit. The property needs TLC. Individual electrical meters for each unit. Excellent potential property and substantial upside in rents being increased. Property is located near the 710 freeway, beach, shopping centers, Aquarium of the Pacific, Long Beach convention center and other entertainment!
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Zoning LBPD10
Rooms
Ensuite Laundry None, See Remarks
Interior
Interior Features Unfurnished
Laundry Location None,See Remarks
Heating Wall Furnace
Flooring Carpet, Tile
Fireplaces Type None
Fireplace No
Appliance Gas Cooktop, Water Heater
Laundry None, See Remarks
Exterior
Garage Garage, On Street
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Curbs, Sidewalks, Park
Parking Type Garage, On Street
Total Parking Spaces 2
Private Pool No
Building
Lot Description Level, Near Park
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 7272004003
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
Special Listing Condition Probate Listing
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Bought with Rana Thomas • Diamond Real Estate 1