For more information on this property,
contact Jignesh Patel at 2134532572 or realtorjackpatel@gmail.com
64
62nd Place,
Long Beach,
California
CA
90803-5672
Price: $2,195,000
Listing ID PW22140078
Status Active
Price/SqFt $677.68
SqFt 3,239
Year Built 1928
Property 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.
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:
265
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
Gross Scheduled Income:
80400
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
Area Info
© 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 Tuesday, March 21st, 2023.
Based on information from CARETS as of Tuesday, March 21st, 2023 04:21:21 PM. 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 Tuesday, March 21st, 2023 04:21:21 PM. 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.
Contact - Listing ID PW22140078
Jignesh Patel
9001 Firestone Boulevard, 2nd Floor
Downey, CA 90241
Phone: 2134532572
Phone Alt: 2134532572
Data services provided by IDX Broker
