$3,800,000 - 477 South Street, Long Beach

  • 18Beds
  • 9Baths
  • 0SQ. Feet
  • 0.24Acres

Pleased to present 477 E. South Street near the Bixby Knolls area Long Beach. The 16-unit apartment community is comprised of a desirable unit mix of all 2-Bedroom/1-Bathroom units. The building also offers tenants access to a treelined community courtyard with drought resistant landscaping. There is also a community laundry room for tenants to use. Priced under $250,000/unit the property generates cashflow to a 6.3% CAP Rate on current rents with additional upside for the prudent investor. The community is extremely well located just off Atlantic Avenue restaurants and shops. It also offers easy access to 91, 710, and 405 freeways.

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Sales Agent

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

Essential Information

  • MLS® #:PW23173500
  • Price:$3,800,000
  • Bedrooms:18
  • Bathrooms:9.00
  • Acres:0.24
  • Year Built:1961
  • Type:Residential Income
  • Sub-Type:Apartment
  • Status:Closed
  • Listing Agent:Doug Rodermund
  • Listing Office:Morgan Skenderian

Community Information

  • Address:477 South Street
  • Area:7 - North Long Beach
  • Subdivision:North Long Beach (NLB)
  • City:Long Beach
  • County:Los Angeles
  • Zip Code:90805

Amenities

  • Parking Spaces:12
  • Parking:Assigned
  • Garages:Assigned
  • Pool:None

Interior

  • Fireplace:Yes
  • Fireplaces:None
  • # of Stories:2

Additional Information

  • Date Listed:September 15th, 2023
  • Days on Market:5
  • Zoning:LBCMR

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Based on information from California Regional Multiple Listing Service, Inc. as of May 3rd, 2024 at 3:10pm 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.