5465 E 2nd St Long Beach, CA 90803

$5,050,000
Long Beach, CA   90803
0 Beds, 0.0 Baths, 0 sq ft, 3,999 sq ft lot, Built in 1947
0 Beds,
0.0 Baths,
0 sq ft,
3,999 sq ft lot
Built in 1947

Description

MLS# PW17157433

We are pleased to present an attractive 23 unit apartment building located in the beautiful area of Naples Island in Long Beach, CA. The subject property is situated less than one block from the ocean and walking distance to restaurants, shops, entertainment and retail stores on 2nd Street. This property contains (22) Studio / one-bathroom units and (1) one-bedroom /one bathroom unit. Built in 1947, the subject property was completely renovated inside and out in 2016. Exterior upgrades includes new windows, paint, full replacement of iron railings, wood structure upgrades, recent termite fumigation and redesign of all stonework. The property uses Solar Panels to drastically reduce the overall utility cost to the owner. Paid utilities are highly sought after on the rental market. Having a solar panel installation allows the building to offer all utilities paid as an incentive and a marketing differentiator while continuing to maintain lower than market utility costs. Interior upgrades include stone-counter tops, cabinetry, hardwood floors and new appliances. Nearby restaurants include Michael's, Chianina Steakhouse, Roe Seafood, Nico's, Riley's and Brix at the Shore. The location is very bikeable as biking is convenient for most trips. Listed by Kevin King, Marcus & Millichap.

Description

MLS# PW17157433

We are pleased to present an attractive 23 unit apartment building located in the beautiful area of Naples Island in Long Beach, CA. The subject property is situated less than one block from the ocean and walking distance to restaurants, shops, entertainment and retail stores on 2nd Street. This property contains (22) Studio / one-bathroom units and (1) one-bedroom /one bathroom unit. Built in 1947, the subject property was completely renovated inside and out in 2016. Exterior upgrades includes new windows, paint, full replacement of iron railings, wood structure upgrades, recent termite fumigation and redesign of all stonework. The property uses Solar Panels to drastically reduce the overall utility cost to the owner. Paid utilities are highly sought after on the rental market. Having a solar panel installation allows the building to offer all utilities paid as an incentive and a marketing differentiator while continuing to maintain lower than market utility costs. Interior upgrades include stone-counter tops, cabinetry, hardwood floors and new appliances. Nearby restaurants include Michael's, Chianina Steakhouse, Roe Seafood, Nico's, Riley's and Brix at the Shore. The location is very bikeable as biking is convenient for most trips. Listed by Kevin King, Marcus & Millichap.

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  • Ernie gonzales
    Ernie Gonzales

    NMLS# 1086147

    Direct: (213) 842-5318
    Email: mortgagesbyernie@gmail.com

Area
Building Info
STORIES: 2
COMMON WALLS: 2+ Common Walls
POOL: None
LAUNDRY: None
Exterior Features
LOT: 21-25 Units/Acre
SEWER: Unknown
Garage & Parking
PARKING SPACES: 0.00
GARAGE SPACES: 0.00
Community
COMMUNITY: Curbs, Sidewalks
UNITS TOTAL: 23
STORIES TOTAL: 2
Land
WATER: Public
LOT NUMBER: 6
TRACT NUMBER: 7293
ZONE: LBR2S
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