Long Beach, CA 90805,477 E South ST
Long Beach, CA 90805,477 E South ST
Long Beach, CA 90805,477 E South ST
Long Beach, CA 90805,477 E South ST
Long Beach, CA 90805,477 E South ST
Long Beach, CA 90805,477 E South ST
See all 14 photos

$3,597,000

$3,800,000

5.3%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

9,840 SqFt


SOLD DATE : 12/01/2023

Key Details

Sold Price $3,597,000

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

Square Footage 9,840 sqft

Price per Sqft $365

Subdivision North Long Beach (Nlb)

MLS Listing ID PW23173500

Sold Date 12/01/23

HOA Y/N No

Year Built 1961

Annual Tax Amount $45,615

Lot Size 10,428 Sqft

Property Description

Pleased to present 477 E. South Street near the Bixby Knolls area Long Beach. The 16-unit apartment community is comprised of a desirable unit mix of all 2-Bedroom/1-Bathroom units. The building also offers tenants access to a treelined community courtyard with drought resistant landscaping. There is also a community laundry room for tenants to use. Priced under $250,000/unit the property generates cashflow to a 6.3% CAP Rate on current rents with additional upside for the prudent investor.

The community is extremely well located just off Atlantic Avenue restaurants and shops. It also offers easy access to 91, 710, and 405 freeways.

Location

State CA

County Los Angeles

Area 7 - North Long Beach

Zoning LBCMR

Rooms

Ensuite Laundry Common Area

Interior

Laundry Location Common Area

Fireplaces Type None

Fireplace No

Laundry Common Area

Exterior

Garage Assigned

Pool None

Community Features Curbs, Sidewalks

Parking Type Assigned

Total Parking Spaces 12

Private Pool No

Building

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 7125032033

Energy Description 2250.0

Acceptable Financing Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash to New Loan, Conventional, 1031 Exchange

Financing Cash to New Loan

Special Listing Condition Standard

Read Less Info

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


California Regional MLS (CRMLS)
Listed by Doug Rodermund • Morgan Skenderian • dsr@morganskenderian.com
Bought with Trey Mitchell • CB Richard Ellis, Inc.

GET MORE INFORMATION

"REAL" Barkley-Romero

CEO | DRE# SA695240000 | DRE# 02100184

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.