Long Beach, CA 90806,316 E 23rd ST

$995,000

Est. payment /mo

$995,000

Est.Price: ?

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316 E 23rd ST Long Beach, CA 90806

SOLD DATE : 11/11/2016

Key Details

Sold Price $995,000

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

Subdivision Wrigley Area (Wr)

MLS Listing ID DW16705589

Sold Date 11/11/16

HOA Y/N No

Year Built 1947

Property Description

The property consists of 4 apartment units + 2 commercial units. 2 x 2 bedroom 1 bath units + 2 x 1 bedroom 1 bath units + 2 commercial / retail units on the ground floor. The apartment rents are very low with the 1 bedrooms rented at $600 and $575 and the 2 bedroom units rented at $1,100 and $1,300. The first commercial unit is leased to a kombucha tea store and manufacturing tenant at $1,200 per month. The tenant is doing very well and established themselves in the community. The second commercial unit is leased to an insurance company for $950 per month. The property has been well maintained with updates to the plumbing and restrooms. All leases are month to month except for the tea store whose lease expires in March 2017. Owner is willing to provide seller financing with $450k down.

Location

State CA

County Los Angeles

Area 5 - Wrigley Area

Zoning LBPD29

Interior

Fireplace No

Exterior

Pool None

Community Features Urban

Total Parking Spaces 10

Private Pool No

Building

Lot Description Corner Lot

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

Others

Tax ID 7208022001

Acceptable Financing Cash to New Loan, Owner Will Carry

Listing Terms Cash to New Loan, Owner Will Carry

Financing Cash to Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Chris Comfort • Apex Properties
Bought with Chris Comfort • Apex Properties

Trevor Smith

Real Estate Broker | License ID: DRE 01700986

+1(858) 539-9999

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