2295 BALTIC Avenue, Long Beach, CA 90810

About this property

Very Clean & Maintained, 5–1br/1ba units in Long Beach’s Westside, 1 building with 4 units and a separate house making 5 units total with a gated courtyard. Recently Renovated with new electrical meter, wires, plumbing, stucco, all but water is separate metered, very low maintenance. Rents increased Jan1st to 3@$870+$850+$830=$4,290/month which provides a 6.8% Cap Rate. Fully rented with long term tenants. The building is across the street from Garfield Elementary School in a nice residential neighborhood. Easy income property with the possibility to assume a private note with 25% down. DRIVE BY Only, Offer subject to Inspection, DO NOT Disturb Tenants!

Listing description from the February 2016 sale, as reported to CRMLS.

Sale history

$596,500

Sold February 2016 · listed $579,000, orig. $650,000, on market July 2015 · MLS #PW15145528 · Source: CRMLS

Listing Agent: Kenneth Davis · Listing Office: Main Street Realtors · Contact: 562-438-0910 · Bought with: Larry Sangiorgio · First Team Estates

$495,000

Sold August 2013 · listed $510,000, on market July 2013 · MLS #PW13138363 · Source: CRMLS

Listing Agent: Kenneth Davis · Listing Office: Main Street Realtors · Contact: 562-438-0910 · Bought with: Rick Borrelli · First Team Real Estate

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