$1,650,000 - 1531 19th Street # 1-6, Long Beach

  • 12Beds
  • 6Baths
  • 0SQ. Feet
  • 0.15Acres

Outstanding opportunity to bolster your investment portfolio with this bread and butter 6 unit residential income property in West Long Beach, CA. All units are 2 bedrooms and one bathroom with updated interiors. The six units are rented with the property offering a 6.02% cap rate and 11.87 GRM based on current rents, 2023 actual expenses and an estimated new property tax amount. 12 uncovered, tandem parking spaces located in the rear of the building and a convenient onsite laundry room. Popular rental area of Long Beach with close proximity to the Port, Harbor, Terminal Island and neighboring cities such as San Pedro, Harbor City and Torrance. This property has been well maintained and self-managed by owners for over 15 years.

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Sales Agent

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

Essential Information

  • MLS® #:PW24021012
  • Price:$1,650,000
  • Bedrooms:12
  • Bathrooms:6.00
  • Acres:0.15
  • Year Built:1959
  • Type:Residential Income
  • Sub-Type:Mixed Use
  • Status:Closed
  • Listing Agent:Paul Gustin
  • Listing Office:Coldwell Banker Realty

Community Information

  • Address:1531 19th Street # 1-6
  • Area:11 - Westside
  • Subdivision:Westside/South of Willow (WSW)
  • City:Long Beach
  • County:Los Angeles
  • Zip Code:90810

Amenities

  • Utilities:Cable Available
  • Parking Spaces:12
  • Parking:Off Street, Paved, One Space, Tandem, Uncovered
  • Garages:Off Street, Paved, One Space, Tandem, Uncovered
  • View:Neighborhood
  • Pool:None

Interior

  • Interior:Carpet, Laminate, Tile
  • Interior Features:Ceiling Fan(s), Laminate Counters
  • Appliances:Dishwasher, Gas Oven, Gas Range
  • Heating:Wall Furnace
  • Cooling:None
  • Fireplaces:None
  • # of Stories:2
  • Stories:Two

Exterior

  • Exterior Features:Lighting
  • Lot Description:Rectangular Lot, Near Park, Near Public Transit
  • Windows:Blinds

Additional Information

  • Date Listed:February 1st, 2024
  • Days on Market:22
  • Zoning:LBR2N

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Based on information from California Regional Multiple Listing Service, Inc. as of April 28th, 2024 at 10:55am 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.