Long Beach, CA 90805 477 E South Street
$3,990,000
16 more
Presented By: eXp Realty of California, Inc.;
- MLS# PTP2407021
- 11/06/2024
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
Beds • 8
Baths • 4
Home Details
Invest in Long Beach near Bixby Knolls and own this updated 16-unit apartment community. Composed of a desirable unit mix of all 2-bed, 1-bath units across two buildings with a courtyard in between, this property boasts a scheduled CAP rate of 5.58% at 100% occupancy. One unit is currently vacant. Fourteen of 15 existing leases are month-to-month. Five of the 16 units are newly renovated (2024) with updated plumbing, paint, flooring and kitchen finishes. Two of these five units also feature upgraded bathrooms and lighting throughout. More 2024 building updates include all new electrical panels, and new water lines to 8 of the 16 units. A community laundry room provides additional income. This apartment building is located near Atlantic Avenue restaurants and shops, the new KB Homes mixed-use development Rhythm (under construction), and easy access to the 91, 710 and 405 freeways.
Presented By: eXp Realty of California, Inc.;
Interior Features for 477 E South Street
Bedrooms
Total Bedrooms8
Bathrooms
Half Baths0
Total Baths4
Other Interior Features
Air Conditioning Y/NNo
Basement[]
Common Walls[]
Fireplace Features[]
Fireplace Y/NNo
Flooring[]
Heating Y/NNo
Interior Amenities[]
Laundry Features[]
Total Stories2
Window Features[]
Other Rooms
Room Type[]
General for 477 E South Street
Accessibility[]
Appliances[]
Architectural Style[]
Association Amenities[]
Association Fee Includes[]
Attached Garage No
Body Type[]
Building Area UnitsSqft
Business Type[]
Buyer Financing[]
Cap Rate5.58
CityLong Beach
Community Features[]
Construction Materials[]
Cooling[]
CountyLos Angeles
Current Use[]
DirectionsNearest cross St is Linden Avenue
Disclosures[]
Electric[]
FinancialDataSource[]
FreeholdIDX
Green Building Verification Type[]
HOANo
HOA Fee$0.0
Heating[]
Lease Type[]
Levels[u'2 Story']
Living Area UnitsSqft
Lot Size UnitsAcres
ModificationTimestamp2025-02-15T01:05:57Z
New ConstructionNo
Number Of Units Total16
Operating Expense120910.0
Other Structures[]
Patio/Porch Features[]
Pets Allowed[]
Pool Features[u'N/K']
Possession[]
Possible Use[]
Property Attached Y/NNo
Property Condition[]
Property SubtypeRes Income 2-4 Units
Property TypeResidential Income
Rent Includes[]
Roof[]
Security Features[]
Senior Community Y/NNo
Sewer[]
Spa Features[]
Standard StatusActive
StatusACTIVE
Structure Type[]
Tenant Pays[]
Utilities[]
View[]
Year Built0
ZoningAssessor
Exterior for 477 E South Street
Building Area Total0.0
Exterior Amenities[]
Fencing[]
Foundation Details[]
Frontage Type[]
Lot Features[]
Lot Size Area0.2394
Number of Buildings2
Other Equipment[]
Parking Features[]
Skirt[]
Water Source[]
Waterfront Y/NNo
Additional Details
Price History
Hal Schlegel
Broker Associate