2165 Earl Avenue
$1,380,000
8
4
3,769
3,769
$366
Sold 10/16/24
Description
Great investor opportunity to acquire a well maintained 4 unit building located in the high demand South Wrigley Sub-Market of Long Beach. The building is a cash machine, has a 6.9% in place cap rate, a 7.2%+ ProForma Cap Rate, and is 100% leased. It contains (3) spacious 2 Bedroom / 1 Bathroom Units, and (1) very spacious 3 Bedroom / 1 Bathroom Unit. The building also has a detached garage complex containing (3) one car garages that can be used as storage if needed and fit one vehicle parked behind....Great investor opportunity to acquire a well maintained 4 unit building located in the high demand South Wrigley Sub-Market of Long Beach. The building is a cash machine, has a 6.9% in place cap rate, a 7.2%+ ProForma Cap Rate, and is 100% leased. It contains (3) spacious 2 Bedroom / 1 Bathroom Units, and (1) very spacious 3 Bedroom / 1 Bathroom Unit. The building also has a detached garage complex containing (3) one car garages that can be used as storage if needed and fit one vehicle parked behind. Three of the apartment have been remodeled within the last two years and the one remaining non-remodeled unit gives the new owner and opportunity to remodel, add value, and bring up to market rent. The property is located in close proximity to schools, banks, shopping centers, public transit, and easy freeway access. It is within walking distance of Long Beach Poly High, and only 2.1 miles from Downtown Long Beach. The area boats strong rental demand and all vacancies have been easily filled at market rent with multiple applicants coming forth.
- Listed by KC James Dorame • DRE #02019663 • Brokerage DRE #01844416 • Allure Capital Management Corp
- Listed by Joseph Daurio • DRE #01992950 • Brokerage DRE #01844416 • Allure Capital Management Corp
Property Details for 2165 Earl Avenue
Zoning
LBR2N
Parcel Number7205030011
Total Units4.0
Living Area3769
Source Living AreaVendor Enhanced
AreaWrigley Area (5)
Vacancy Rate0%
Lot Size Area6274
LISTING UPDATED: 10/16/2024 09:50 PM
Property Details for 2165 Earl Avenue
Status | Sold |
---|---|
MLS # | 24-423989 |
Days on Market | 46 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1929 |
Lot Size | 0.14 AC / 6,274 SF |
County | Los Angeles County |
Building Information for 2165 Earl Avenue
Stories2Residences-Year Built1929Building Size-Lot Size0.14 AC / 6,274 SF
Property Information for 2165 Earl Avenue
Property History for 2165 Earl Avenue
Date | Event & Source | Price | Appreciation |
---|
Date | Event & Source | Price |
---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2165 Earl Avenue
Taxable ValueLand$643,320Additions$439,600Total$1,082,920
Tax Record2024$14,370 ($1,197 / month)
Home Facts
Total Finished SqFt3,769 SqFtAbove Grade Finished SqFt3,769 SqFtLot Size6,274 SqFtStyleQuadraplexYear Built1929ZoningLBR2NCountyLOS ANGELESAPN7205-030-011
Schools near 2165 Earl Avenue
This home is within Long Beach Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 | |||
Charter - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Robinson Academy PublicK to 8 | ||
Polytechnic High School Public9 to 12 | ||
Educational Partnership High School Public9 to 12 | ||
Clear Passage Educational Center Charter9 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.
Similar Homes
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.