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    650 Park Avenue

    Long Beach, CA 90814
    • $1,950,000
    • STATUS: ACTIVE
    • ON SITE: 20 days
    • ID#: SB21078093
    UPDATED: 157 min ago
    $1,950,000
    • 3
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    Stunning remodeled 4-Plex with private patios and record setting income in the heart of Long Beach's most desirable family neighborhood. This beautiful property is located in Alamitos Heights, with a 76 walk score and located near Long Beach's top rated Lowell Elementary (9/10 rating). 65 Park Ave. is comprised of (3) oversized 900 sq ft units & (1) Studio, all of which have been tastefully remodeled. These extensive remodels feature high end adjustments, including flooring, granite countertops, 5 star finishes, new fixtures, as well as stainless steel appliances, dishwashers and air conditioning. The property has been completely re-landscaped, giving each tenant a private feel to their home. A rare amenity in the city of Long Beach, Park Ave. comes with two garages and an outdoor parking space on-site, and offers ample street parking in the friendly neighborhood. Beneficial to the new owner, each unit has new water heaters and is separately metered for gas and electric. With it's back up against Long Beach's Recreation Park Golf Course, the subject property is located in Alamitos Heights, one of Long Beach's Top Rental Markets. It is just outside the $6B of development flooding into Downtown LB, including the Long Beach Civic Center, Long Beach Aquarium, OceanAire Project, CSULB Downtown Village, Broadway Block, The Pacific, and Queen Mary Island. Stunning remodeled 4-Plex with private patios and record setting income in the heart of Long Beach's most desirable family neighborhood. This beautiful property is located in Alamitos Heights, with a 76 walk score and located near Long Beach's top rated Lowell Elementary (9/10 rating). 65 Park Ave. is comprised of (3) oversized 900 sq ft units & (1) Studio, all of which have been tastefully remodeled. These extensive remodels feature high end adjustments, including flooring, granite countertops, 5 star finishes, new fixtures, as well as stainless steel appliances, dishwashers and air conditioning. The property has been completely re-landscaped, giving each tenant a private feel to their home. A rare amenity in the city of Long Beach, Park Ave. comes with two garages and an outdoor parking space on-site, and offers ample street parking in the friendly neighborhood. Beneficial to the new owner, each unit has new water heaters and is separately metered for gas and electric. With it's back up against Long Beach's Recreation Park Golf Course, the subject property is located in Alamitos Heights, one of Long Beach's Top Rental Markets. It is just outside the $6B of development flooding into Downtown LB, including the Long Beach Civic Center, Long Beach Aquarium, OceanAire Project, CSULB Downtown Village, Broadway Block, The Pacific, and Queen Mary Island.

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    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 © 2021 San Diego MLS, Inc. Licensed in the state of California.
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    650 Park Avenue Long Beach, CA 90814

    • Price: $1,950,000
    • Status: ACTIVE
    • Updated: 157 min ago
    • ID#: SB21078093
    3
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    Neighborhood:
    Long Beach (90814)
    County:
    Los Angeles
    Area:
    Long Beach (90814)
    Property Description
    Stunning remodeled 4-Plex with private patios and record setting income in the heart of Long Beach's most desirable family neighborhood. This beautiful property is located in Alamitos Heights, with a 76 walk score and located near Long Beach's top rated Lowell Elementary (9/10 rating). 65 Park Ave. is comprised of (3) oversized 900 sq ft units & (1) Studio, all of which have been tastefully remodeled. These extensive remodels feature high end adjustments, including flooring, granite countertops, 5 star finishes, new fixtures, as well as stainless steel appliances, dishwashers and air conditioning. The property has been completely re-landscaped, giving each tenant a private feel to their home. A rare amenity in the city of Long Beach, Park Ave. comes with two garages and an outdoor parking space on-site, and offers ample street parking in the friendly neighborhood. Beneficial to the new owner, each unit has new water heaters and is separately metered for gas and electric. With it's back up against Long Beach's Recreation Park Golf Course, the subject property is located in Alamitos Heights, one of Long Beach's Top Rental Markets. It is just outside the $6B of development flooding into Downtown LB, including the Long Beach Civic Center, Long Beach Aquarium, OceanAire Project, CSULB Downtown Village, Broadway Block, The Pacific, and Queen Mary Island. Stunning remodeled 4-Plex with private patios and record setting income in the heart of Long Beach's most desirable family neighborhood. This beautiful property is located in Alamitos Heights, with a 76 walk score and located near Long Beach's top rated Lowell Elementary (9/10 rating). 65 Park Ave. is comprised of (3) oversized 900 sq ft units & (1) Studio, all of which have been tastefully remodeled. These extensive remodels feature high end adjustments, including flooring, granite countertops, 5 star finishes, new fixtures, as well as stainless steel appliances, dishwashers and air conditioning. The property has been completely re-landscaped, giving each tenant a private feel to their home. A rare amenity in the city of Long Beach, Park Ave. comes with two garages and an outdoor parking space on-site, and offers ample street parking in the friendly neighborhood. Beneficial to the new owner, each unit has new water heaters and is separately metered for gas and electric. With it's back up against Long Beach's Recreation Park Golf Course, the subject property is located in Alamitos Heights, one of Long Beach's Top Rental Markets. It is just outside the $6B of development flooding into Downtown LB, including the Long Beach Civic Center, Long Beach Aquarium, OceanAire Project, CSULB Downtown Village, Broadway Block, The Pacific, and Queen Mary Island.
    Exterior Features

    Pool N/K Site CurbsNational ForestSidewalks

    Interior Features

    Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 1

    Property Features

    Actual Cap Rate 4.13 Annual Expense Actual 32212 Buildings 2 Gross Rent Multiplier Actual 16.77 Gross Scheduled Income Actual 116280 Terms Conventional Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit Number4 4 Unit1 Rent Actual 2480.0 Unit2 Rent Actual 2500.0 Unit3 Rent Actual 2605.0 Unit4 Rent Actual 1580.0 Zoning Assessor

    Listing provided courtesy of Lyon Stahl Investment Real Estate, Inc.. Listing information © 2021 San Diego MLS Inc. Source: CRMLS
    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 © 2021 San Diego MLS, Inc. Licensed in the state of California.
     
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