1531 W 19th Street 1-6, Long Beach, CA 90810
Property
Sold March 2024
Listing Agent: Paul Gustin (DRE #01179144) · Listing Office: Coldwell Banker Realty · Contact: 562-301-7656 · Bought with: David Salzman · Engel & Volkers LA South Bay · MLS #PW24021012 · Source: CRMLS
About this property
Outstanding opportunity to bolster your investment portfolio with this bread and butter 6 unit residential income property in West Long Beach, CA. All units are 2 bedrooms and one bathroom with updated interiors. The six units are rented with the property offering a 6.02% cap rate and 11.87 GRM based on current rents, 2023 actual expenses and an estimated new property tax amount. 12 uncovered, tandem parking spaces located in the rear of the building and a convenient onsite laundry room. Popular rental area of Long Beach with close proximity to the Port, Harbor, Terminal Island and neighboring cities such as San Pedro, Harbor City and Torrance. This property has been well maintained and self-managed by owners for over 15 years.
Listing description from the March 2024 sale, as reported to CRMLS.
Sale history