2024 LEMON Avenue, Long Beach, CA 90806
Property · 2 recorded sales since 2012
Sold September 2022
Listing Agent: David Harrington (DRE #01320460) · Listing Office: Matthews Real Estate Investment Services · Contact: 866-889-0550 · Bought with: Marissa Mashburn · Marissa G. Mashburn, Broker · MLS #22164893 · Source: CRMLS
About this property
2024 Lemon Avenue presents an opportunity for a purchaser to follow the lead of the long-term ownership in a value-add apartment complex located in the "Poly High" neighborhood of Long Beach. As consistent management, renovations, and turnover has provided a steady increase in income - and the property currently features a rent-ready vacancy - a new investor can follow this strategy to continue adding value, raise revenue and improve operating efficiency.|6 Units Across 2 Structures - Built In 1922 - All 1 Bedroom + 1 Bathroom Units - 2,016 Gross Square Feet - Individually Metered for Electricity & Gas - Parking Lot In Rear - 5 Parking Spaces - Gated Access To Property - Corner Units (A, C, D, F) Remodeled in 2018-19 - 6,514 Square Foot Lot - LBR1N Zoning - One Vacancy As of 8/1/22.
Listing description from the September 2022 sale, as reported to CRMLS.
Sale history
