Long Beach, CA 90805,111 W Del Amo BLVD
Long Beach, CA 90805,111 W Del Amo BLVD
Long Beach, CA 90805,111 W Del Amo BLVD
Long Beach, CA 90805,111 W Del Amo BLVD
Long Beach, CA 90805,111 W Del Amo BLVD
Long Beach, CA 90805,111 W Del Amo BLVD
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$3,300,000

$3,995,000

17.4%
Est.Price: ?

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Est. payment /mo

12,404 SqFt


SOLD DATE : 04/25/2023

Key Details

Sold Price $3,300,000

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

Square Footage 12,404 sqft

Price per Sqft $266

Subdivision North Long Beach (Nlb)

MLS Listing ID PW23041994

Sold Date 04/25/23

HOA Y/N No

Year Built 1963

Lot Size 0.304 Acres

Property Description

111 West Del Amo Boulevard is an 18-unit apartment building in Long Beach, California. This asset presents a great opportunity for an investor to acquire a partially renovated asset in a strong rental market, continue renovating the property, and capture 42 percent rental upside.

111 West Del Amo Boulevard offers a mix of eight two-bedroom/one-bath and 10 one-bedroom/one-bath units and a competitive amenities package that includes a pool, controlled access, laundry facilities, and 12 single-car garages with tandem driveway parking.

The asset boasts several recent improvements, including all new windows, a new pool fence, newer pool equipment, and the recent remodeling of three units with the remodel of a fourth unit currently underway.

The property is in a solid rental location with great visibility along Del Amo Boulevard and proximate to schools; Perry Lindsey Middle School is directly across the street, and Dooley Elementary is just down the block. Additionally, the Bixby Knolls Shopping Center is a mile away, offering tenants easy access to a Vons, ALDI, Marshalls, Starbucks, post office, and more.

Location

State CA

County Los Angeles

Area 7 - North Long Beach

Zoning LBR1N

Rooms

Ensuite Laundry Common Area

Interior

Laundry Location Common Area

Fireplace No

Laundry Common Area

Exterior

Garage Spaces 12.0

Garage Description 12.0

Pool Community

Community Features Suburban, Pool

Total Parking Spaces 24

Private Pool No

Building

Lot Description Rectangular Lot

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 7132024019

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Steven Bogoyevac • Steven M. Bogoyevac, Broker • steve.bogoyevac@marcusmillichap.com
Bought with Steven Bogoyevac • Steven M. Bogoyevac, Broker

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"REAL" Barkley-Romero

CEO | DRE# SA695240000 | DRE# 02100184

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