1117 East Carson Street
$2,400,000
3
8
6,937
6,937
$346
Closed 1/24/23
Description
1117 East Carson Street is an 8-unit multifamily investment property located in Long Beach, California. 1117 East Carson Street offers an attractive mix of one and two-bedroom floor plans with amenities including a private lounge area for tenants, a quite central courtyard, on-site laundry, screen doors, dual-pane windows, and garage parking. This extremely well-maintained opportunity has recently underwent substantial renovations to its major systems that include a newer roof (2019), newer windows,...1117 East Carson Street is an 8-unit multifamily investment property located in Long Beach, California. 1117 East Carson Street offers an attractive mix of one and two-bedroom floor plans with amenities including a private lounge area for tenants, a quite central courtyard, on-site laundry, screen doors, dual-pane windows, and garage parking. This extremely well-maintained opportunity has recently underwent substantial renovations to its major systems that include a newer roof (2019), newer windows, electrical meters, gas meters, and in-unit plumbing (as needed). Majority of the units have been upgraded over the years and feature remodeled kitchens and bathrooms. Select units have newer wood flooring. Long Beach’s strong rental metrics, including a 2021 vacancy rate of just 1.8 percent and year-over-year rent growth of 12.1 percent, are evidence of the substantial demand for rental units in the area. With current rents below market rates, 1117 East Carson Street represents an attractive value-add opportunity for a new owner. 1117 East Carson Street is situated in the desirable Bixby Knolls neighborhood of Long Beach, which primarily features single-family homes. Residents enjoy convenient access to everyday needs as well as a plethora of retail, dining, and entertainment options at the recently constructed Long Beach Exchange just 1.85 miles away. Additionally, the property benefits from its location just over 1.25 miles north of Interstate 405, connecting residents to employment hubs throughout Los Angeles and Orange Counties.
- Listed by Tyler Leeson • DRE #01451551 • Brokerage DRE #00530854 • Marcus & Millichap RE Invest
Property Details for 1117 East Carson Street
Parking Spaces Total
5
Private PoolNo
Total Units8.0
Building TypeDetached
Lot Size SourceAssessor
Living Area6937
Assessor Parcel Number7138-012-028
Property Attached YNfalse
LISTING UPDATED: 01/24/2023 02:47 AM
Property Details for 1117 East Carson Street
Status | Closed |
---|---|
MLS # | OC22211290 |
Days on Market | 44 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1948 |
Lot Size | 0.21 AC / 9,147 SF |
County | Los Angeles County |
Building Information for 1117 East Carson Street
Stories2Residences-Year Built1948Building Size-Lot Size0.21 AC / 9,147 SF
Property Information for 1117 East Carson Street
Property History for 1117 East Carson Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1117 East Carson Street
Taxable ValueLand$1,632,000Additions$816,000Total$2,448,000
Tax Record2024$32,066 ($2,672 / month)
Home Facts
Total Finished SqFt6,937 SqFtAbove Grade Finished SqFt6,937 SqFtLot Size9,157 SqFtStyleMulti-Family Res (5+ Units)Year Built1948ZoningLBR3SCountyLOS ANGELESAPN7138-012-028
Schools near 1117 East Carson Street
This home is within Long Beach Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | 6 to 8 |
Rating | School | Distance |
---|---|---|
Longfellow Elementary School PublicK to 5 | ||
Hughes Middle School Public6 to 8 | ||
Polytechnic High School Public9 to 12 | ||
IVA - Intellectual Virtues Academy Middle School Charter6 to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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