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40 63rd Place

Long Beach, CA 90803
  • $4,997,500
  • STATUS: ACTIVE
  • ON SITE: 140 Days
  • ID#: PW22235774
UPDATED: 48 min ago
$4,997,500
  • 4
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

This 11-unit property is a once in a lifetime opportunity as it was last sold before the 1980s. As the 3rd largest apartment building on The Peninsula, with the 2nd largest lot on The Peninsula, the property features eleven 1 bedroom, 1 bathroom units at approximately 604 SF each. If you are familiar with this area, you know parking is a luxury - have no fear... this property contains 7 garage parking spaces to generate additional income. The property has been well-maintained and features a sunny courtyard for the tenants to enjoy. The location is prime, being a few steps from the water and sand of Alamitos Bay, while only 1 block away from the only restaurant, coffee shop, convenience store, and laundromat on The Peninsula. This 11-unit property is a once in a lifetime opportunity as it was last sold before the 1980s. As the 3rd largest apartment building on The Peninsula, with the 2nd largest lot on The Peninsula, the property features eleven 1 bedroom, 1 bathroom units at approximately 604 SF each. If you are familiar with this area, you know parking is a luxury - have no fear... this property contains 7 garage parking spaces to generate additional income. The property has been well-maintained and features a sunny courtyard for the tenants to enjoy. The location is prime, being a few steps from the water and sand of Alamitos Bay, while only 1 block away from the only restaurant, coffee shop, convenience store, and laundromat on The Peninsula.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.
www.sandiegoareahomesforsale.co/homes/134549688
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40 63rd Place Long Beach, CA 90803

  • Price: $4,997,500
  • Status: ACTIVE
  • On Site: 140 Days
  • Updated: 48 min ago
  • ID#: PW22235774
4
Beds
0
Baths
0
½ Baths
0.17
Acres
Neighborhood:
Peninsula
County:
Los Angeles
Area:
Long Beach (90803)
Property Description
This 11-unit property is a once in a lifetime opportunity as it was last sold before the 1980s. As the 3rd largest apartment building on The Peninsula, with the 2nd largest lot on The Peninsula, the property features eleven 1 bedroom, 1 bathroom units at approximately 604 SF each. If you are familiar with this area, you know parking is a luxury - have no fear... this property contains 7 garage parking spaces to generate additional income. The property has been well-maintained and features a sunny courtyard for the tenants to enjoy. The location is prime, being a few steps from the water and sand of Alamitos Bay, while only 1 block away from the only restaurant, coffee shop, convenience store, and laundromat on The Peninsula. This 11-unit property is a once in a lifetime opportunity as it was last sold before the 1980s. As the 3rd largest apartment building on The Peninsula, with the 2nd largest lot on The Peninsula, the property features eleven 1 bedroom, 1 bathroom units at approximately 604 SF each. If you are familiar with this area, you know parking is a luxury - have no fear... this property contains 7 garage parking spaces to generate additional income. The property has been well-maintained and features a sunny courtyard for the tenants to enjoy. The location is prime, being a few steps from the water and sand of Alamitos Bay, while only 1 block away from the only restaurant, coffee shop, convenience store, and laundromat on The Peninsula.
Exterior Features

Pool N/K Site CurbsSidewalks

Interior Features

Cooling N/K Stories 2 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 1

Property Features

Annual Expense Actual 89608 Buildings 1 Cfd Mello Roos Fee 0.0 Cfd Mello Roos Fee Reflects Year Gross Scheduled Income Actual 183532 Terms CashConventional Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit Number4 4 Unit1 Rent Actual 1950.0 Unit2 Rent Actual 1825.0 Unit3 Rent Actual 1375.0 Unit4 Rent Actual 1350.0 Zoning Assessor

San Diego MLS logo Listing provided courtesy of Sage Real Estate: [IDXCONTACTINFORMATION]. Listing information © 2023 San Diego MLS Inc. Source: CRMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.
 
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Steven G. Fraioli & Associates
13176 Midbluff Ave
San Diego CA, 92128