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2223 Myrtle Avenue

Long Beach, CA 90806
  • $3,895,000
  • STATUS: Active
  • ON SITE: 51 Days
  • MLS #: OC23141746
$3,895,000
  • 0
    BEDS
  • 0.24
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1959
County:

School Ratings & Info

Listing Agent(s): Mike Marcu of Mike Marcu, Broker (909-371-1322)


Description

Featuring 13 out of 14 units that are completely upgraded 2223 Myrtle Avenue is a 14-unit investment asset in a rapidly up-and- coming neighborhood.The property offers (2) two-bedroom/one-bath and (12) one-bedroom/ one-bath units. Remodeled units include vinyl plankflooring, custom cabinets, stainless steel appliances, new bathroom vanities, and modern lighting and fixtures throughout. The secure-accessbuilding also features ample parking; new windows; two laundry rooms; and separate meters for gas and electric and a RUBS program has begun being implemented at the property.

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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/142012393
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2223 Myrtle Avenue Long Beach, CA 90806

  • Price: $3,895,000
  • Status: Active
  • On Site: 51 Days
  • MLS #: OC23141746
0
Beds
0
Baths
0
½ Baths
0.24
Acres
1959
Built
Neighborhood:
Wrigley Area (Wr)
County:
Los Angeles
Area:
5 - Wrigley Area
Property Description
Featuring 13 out of 14 units that are completely upgraded 2223 Myrtle Avenue is a 14-unit investment asset in a rapidly up-and- coming neighborhood.The property offers (2) two-bedroom/one-bath and (12) one-bedroom/ one-bath units. Remodeled units include vinyl plankflooring, custom cabinets, stainless steel appliances, new bathroom vanities, and modern lighting and fixtures throughout. The secure-accessbuilding also features ample parking; new windows; two laundry rooms; and separate meters for gas and electric and a RUBS program has begun being implemented at the property.
Exterior Features

Entry Level 1 Entry Location Front/Back Lot Features 16-20 Units/Acre Number Of Separate Electric Meters 15 Open Parking Spaces 8 Parking Total 11 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 1 Common Wall

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 5.37 Common Interest Community Apartment Community Features Urban Electric Expense 980 Fuel Expense 750 Garage YN Yes Gross Income 6312 Gross Scheduled Income 323640 Insurance Expense 5950 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To Existing LoanCash To New Loan Maintenance Expense 2347 Net Operating Income 209085 New Construction YN No New Taxes Expense 48806 Number Of Separate Gas Meters 15 Number Of Separate Water Meters 1 Operating Expense 103228 Other Expense 7000 Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Supplies Expense 8428 Trash Expense 2200 Vacancy Allowance 11327 Vacancy Allowance Rate 4 Water Sewer Expense 5938 Water Source Public Zoning Lbr1n



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): Mike Marcu of Mike Marcu, Broker (909-371-1322)