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1119 Saint Louis Avenue

Long Beach, CA 90804
  • $1,800,000
  • STATUS: Active
  • ON SITE: 16 Days
  • MLS #: PW23165898
$1,800,000
  • 0
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1923
County:

School Ratings & Info

Listing Agent(s): Robert Stepp of Keller Williams - Santa Monica (310-482-2200)


Description

1119 St. Louis Avenue is a 10-unit apartment asset in Long Beach, California. The property is offered at only $180,000 per unit with 10.37 GRM on current rents. The property is comprised of 10 bungalow-style studio units in a secured access building. Seven units have been remodeled with recessed lighting, new flooring, new kitchen countertops, cabinetry, and stainless steel appliance, new bathroom vanities, tiling, and modern fixtures and features, and in-unit washers and dryers. New windows have been installed throughout most units.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-22T00:30:34.39. 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 deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
www.theziagroup.com/homes/143108734
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1119 Saint Louis Avenue Long Beach, CA 90804

  • Price: $1,800,000
  • Status: Active
  • On Site: 16 Days
  • MLS #: PW23165898
0
Beds
0
Baths
0
½ Baths
0.15
Acres
1923
Built
Neighborhood:
Eastside (Es)
County:
Los Angeles
Area:
3 - Eastside, Circle Area
Property Description
1119 St. Louis Avenue is a 10-unit apartment asset in Long Beach, California. The property is offered at only $180,000 per unit with 10.37 GRM on current rents. The property is comprised of 10 bungalow-style studio units in a secured access building. Seven units have been remodeled with recessed lighting, new flooring, new kitchen countertops, cabinetry, and stainless steel appliance, new bathroom vanities, tiling, and modern fixtures and features, and in-unit washers and dryers. New windows have been installed throughout most units.
Exterior Features

Entry Level 1 Entry Location 1 Lot Features 6-10 Units/Acre Number Of Separate Electric Meters 1 Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Cap Rate 5.43 Common Interest Community Apartment Community Features Sidewalks Electric Expense 11640 Fuel Expense 4686 Garage YN No Gross Income 168373 Gross Scheduled Income 173580 Insurance Expense 4000 Land Lease YN No Laundry Features Inside Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan1031 Exchange Maintenance Expense 7000 Net Operating Income 97702 New Construction YN No New Taxes Expense 22920 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Operating Expense 70671 Other Expense 3000 Pest Control Expense 1000 Property Sub Type Mixed Use Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 0 Water Sewer Expense 6006 Water Source Public Zoning Lbr2n



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-22T00:30:34.39. 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 deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
 
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The Zia Group | eXp Realty
10 E Yanonali St #11
Santa Barbara CA, 93101
Listing Agent(s): Robert Stepp of Keller Williams - Santa Monica (310-482-2200)