64 62nd PlaceLong Beach, CA 90803
SqFt
3,239
$2,195,000
$30K
Description
Rare mixed use offering on the peninsula in Southern California is just steps to the sand. Currently an owner-occupied triplex, this is a dream property for investors looking to buy in a prime coastal location. There is also the big plus of commercial and short term rental uses providing upside on income generated. Upgrades include copper plumbing, drain work, vinyl windows, new paint, trim & stucco, new carpet & flooring, tile, fixtures, appliances, heating and air, custom wrought iron balconies, custom canopies, granite counters, French doors, custom window coverings, resort style outdoor deck areas, private patios, split level/open floor plans, recessed lighting, VIEWS and more. The Belmont Shore, Alamitos Bay, Pacific Ocean, Peninsula area of Long Beach is a highly desired coastal location where you are able to achieve the California dream to live, work and play every day at the beach! All information is deemed reliable but not guaranteed, buyer to conduct own investigations.Contact - Listing ID PW22140078
Jignesh Patel
Property Details for 64 62nd Place
StatusPending
Price/SqFt$677.68
SqFt
3,239
CountyLos Angeles
Year Built1928
Property TypeCommercial Sale
Property Sub TypeMixed Use
Primary Features
County
Los Angeles
Price Before Reduction
2225000
Price Reduction Date
2023-02-02T00:00:57+00:00
Price/SqFt
677.68
Property Sub Type
Mixed Use
Property Type
Commercial Sale
Year Built
1928
Zoning
LBPD3
Interior
Building Area Units
Square Feet
Building Features
Living Quarters
Condo Area Units
Square Feet
Cooling Type
See Remarks
Cooling
yes
Heating
yes
Heating Type
Central, Fireplace(s), See Remarks
Laundry Features
Inside, See Remarks, Stackable
Retail Square Footage
1035
Stories Total
2
External
Construction Materials
Frame, Stucco
Electric
Electricity - On Property
Entry Level
1
Fence
yes
Fencing
Stucco Wall
Lot Size Source
Assessor
Minimum Total Area Units
Square Feet
Number Of Buildings
1
Signage
Sign on Building
Water Source
Public
Waterfront Features
Across the Road from Lake/Ocean, Beach Access, Fishing in Community, Marina in Community, Ocean Access, Ocean Side of Freeway
Location
Country
US
MLS Area Major
1 - Belmont Shore/Park,Naples,Marina Pac,Bay Hrbr
Additional
Additional Parcels
no
Asset Class
Multi-Family
Building Status
Existing
Current Use Comments
Residential income
Days On Market
310
Exclusions
Seller's personal property, gym equipment, new propane BBQ
Land Use
Multi-Family
List Agent State License
00949459
List Office State License
01294391
Max Total Area Units
Square Feet
Number Of Units Leased
2
Number Of Units Total
3
Parcel Number
7245022022
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Year Built Source
Assessor
Financial
Accounting Type
ProForma
Cap Rate
10.33
Current Financing
Conventional
Electric Expense
3000
Expense Year
2021
Insurance Expense
5000
Laundry Equipment Own Lease
Own
Maintenance Expense
4000
Other Expense
2000
Real Estate Tax Expense
7227
Special Listing Conditions
Standard
Tax Annual Amount
7727
Tax Rate
1.34
Tax Year
2021
Total Expenses
34027
Trash Expense
2000
Water Sewer Expense
2800
Zoning Info
Local Information
© 2023. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Any correspondence from IDX pages are routed to Realty One Group United or one of their associates. Last updated Wednesday, June 7th, 2023.
Based on information from CARETS as of Wednesday, June 7th, 2023 02:06:21 AM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Based on information from CARETS as of Wednesday, June 7th, 2023 02:06:21 AM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Similar Listings
Contact - Listing ID PW22140078
Jignesh Patel
Contact - Listing ID PW22140078
Jignesh Patel
Contact - Listing ID PW22140078
Jignesh Patel
Contact - Listing ID PW22140078
Jignesh Patel
Contact - Listing ID PW22140078
Jignesh Patel
Data services provided by IDX Broker
