1360 Euclid Avenue
$2,650,000
1
13
4,630
4,630
$572
Description
Seller financing available Discover this charming Spanish-style 13-unit apartment building nestled in the heart of Long Beach’s vibrant East Side neighborhood. Combining timeless architectural appeal with modern upgrades, this property presents an exceptional opportunity for investors seeking a value-add asset with significant income potential. With a remarkable 35% upside in rents, a new owner can unlock tremendous cash flow while capitalizing on the extensive improvements already completed. Improvements...Seller financing available Discover this charming Spanish-style 13-unit apartment building nestled in the heart of Long Beach’s vibrant East Side neighborhood. Combining timeless architectural appeal with modern upgrades, this property presents an exceptional opportunity for investors seeking a value-add asset with significant income potential. With a remarkable 35% upside in rents, a new owner can unlock tremendous cash flow while capitalizing on the extensive improvements already completed. Improvements include the installation of 13 new wall heaters (1990), a full repipe of gas lines (1998), a complete replacement of water supply lines (2006),14 new electric meters (1990), double-pane vinyl windows throughout (2017), new 100 gallon water heater (2022), and all ABS plastic drain lines. The original floor plans also offer an opportunity for reconfiguration to unlock even more rental income potential. This reconfiguration has already been completed on unit #10. Seller financing is available for qualified buyers.
- Listed by Cody Charnell • DRE #01950585 • Brokerage DRE #02163228 • Sage Real Estate • 562-896-3851
Property Details for 1360 Euclid Avenue
Parking Spaces Total
0
Private PoolNo
Total Units13.0
Building TypeAttached
Lot Size SourceAssessor
Living Area4630
Assessor Parcel Number7253-008-006
Property Attached YNtrue
LISTING UPDATED: 12/15/2024 10:52 PM
Property Details for 1360 Euclid Avenue
Status | Active |
---|---|
MLS # | PW24249846 |
Days on Market | 2 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1923 |
County | Los Angeles County |
Building Information for 1360 Euclid Avenue
Building/Complex1360 Euclid AveFloor-Stories2Residences-Pet Policy-Year Built1923Building Size-
Property Information for 1360 Euclid Avenue
Property History for 1360 Euclid Avenue
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 1360 Euclid Avenue
Taxable ValueLand$772,650Additions$773,610Total$1,546,260
Tax Record2024$21,175 ($1,765 / month)
Home Facts
Total Finished SqFt4,630 SqFtAbove Grade Finished SqFt4,630 SqFtLot Size6,503 SqFtStyleMulti-Family Res (5+ Units)Year Built1923ZoningLBR2NCountyLOS ANGELESAPN7253-008-006
Schools near 1360 Euclid Avenue
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 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Bryant Elementary School PublicK to 5 | ||
Jefferson Leadership Academies School Public6 to 8 | ||
Wilson High School Public9 to 12 | ||
Richard D. Browning High Public9 to 12 |
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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