220 E 57th Street, Long Beach, CA 90805
Property · 2 recorded sales since 2015
Sold April 2024
Listing Agent: Blair Newman (DRE #01459316) · Listing Office: Berkshire Hathaway HomeServices California Properties · Contact: 562-822-6532 · Bought with: Blair Newman · Berkshire Hathaway HomeServices California Properties · MLS #PW23181804 · Source: CRMLS
About this property
New Price! Take advantage of this great opportunity on this 10-Unit apartment building just north of Bixby Knolls in North Long Beach. Brand-new dual pane vinyl windows just installed throughout, over $30k spent, entire exterior building just painted, over $10k spent. Eight (8) One bedroom/one-bathroom units and One (1) Two-bedroom/one-bathroom unit, and One (1) Studio; all separately metered for gas and electric. Some units have been updated as they have come available. Room to increase rents on several units! $174,418 GSI with rents, garages and laundry income. Private courtyard area with grass area, sprinklers and professionally landscaped. On-site laundry room as well as 7 garages which earn added income. (Garages are charged separately $75/garage.) Studio (10th unit) per tax records, is not permitted as a unit. If buyer desires to permit it after purchase, plans have already been submitted and approved by the city with an extension, to convert studio and 2 garage spaces, to a 516 sq/ft ADU. Also included are additional plans (not submitted to the city) to convert 4 additional garage spaces to 697 sq/ft ADU with the potential of making 57th Street a 11-unit building. ADU plans are available upon request. Please do not disturb the tenants.
Listing description from the April 2024 sale, as reported to CRMLS.
Sale history
