$1,275,000 - 10 Esperanza Avenue, Long Beach

  • 0Beds
  • Baths
  • 3,440SQ. Feet
  • 0.05Acres

Rents increased $600, per month, new rental income of $5,650 will take effect in 60 days. Well located 4-plex in Alamitos Beach, 1/2 block from the beach and a few blocks from downtown Long Beach. The property is comprised of (4), large 1-bedroom/1-bath units. The rents are well below market and offer a new investor the opportunity to increase rents over 40% and immediately add value to the asset. These classic Spanish units come with hardwood flooring, spacious living rooms and dining rooms, original built-in's with extra storage. All the units are charming and in good condition. New roof in 2016! The building is situated just steps from the ocean, but they are also adjacent to the $6 billion in new development coming to the surrounding area of Long Beach. That includes the $520 million Civic Center project, $250 million Queen Mary Island waterfront development, and $52 million Long Beach Aquarium expansion.

Sales Agent

Sam SmithBeach Cities Real EstatePhone: 562-355-8228 Cell: 562-355-8228 Contact Agent Now

Essential Information

  • MLS® #:PW19079957
  • Price:$1,275,000
  • Bathrooms:0.00
  • Square Footage:3,440
  • Acres:0.05
  • Year Built:1919
  • Type:Residential Income
  • Status:Active Under Contract

Community Information

  • Address:10 Esperanza Avenue
  • Area:Downtown Area, Alamitos Beach (4)
  • Subdivision:Alamitos Beach (AB)
  • City:Long Beach
  • County:Los Angeles
  • State:CA
  • Zip Code:90802

Interior

  • Appliances:None
  • # of Stories:2
  • Stories:Two

Exterior

  • Lot Description:Lot Shape-Rectangular

Additional Information

  • Date Listed:April 9th, 2019
  • Days on Market:134
  • Zoning:LBR4R

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Provided By: Spencer Pabst(01849377), Pabst, Kinney & Associates.

Based on information from California Regional Multiple Listing Service, Inc. as of August 22nd, 2019 at 11:30pm CDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.