Long Beach, CA 90813,935 N Washington PL
Long Beach, CA 90813,935 N Washington PL
Long Beach, CA 90813,935 N Washington PL
20
$2,825,000
$2,895,000
2.4%
Est.Price: ?

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6,255 Sqft Lot

935 N Washington PL Long Beach, CA 90813

Est. payment /mo
SOLD DATE : 06/27/2022

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Key Details

Sold Price $2,825,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Poly High (Ph)

MLS Listing ID SB22082677

Year Built 1956

Lot Size 6,255 Sqft

Property Description

10 Units in two buildings in dense rental market just North of Downtown Long Beach. Recently renovated property including exterior refresh, landscaping, lighting, and windows. 8 out of 10 units have been upgraded with vinyl plank floors, new cabinets, quartz countertops, and new bathrooms. Well priced on actual income at 14.38X gross with a 9% upside to a market GRM of 13.22. Great unit mix of five 2 Bed/1 Bath units, three 1 Bed/1 Bath units, and two studios. Three garages in front of the building with the potential for an ADU conversion. Community laundry room for extra income. Leased solar system on back building for electrical savings. Perfect 1031 exchange upleg property!

Location

State CA

County Los Angeles

Area 9 - Poly High

Interior

Laundry Common Area

Exterior

Garage None

Garage Spaces 3.0

Garage Description 3.0

Pool None

Community Features Sidewalks, Urban

Building

Lot Description 6-10 Units/Acre

Story Two

Sewer Public Sewer

Water Public

New Construction No

Others

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Anthony Walker • Buckingham Investments, Inc
Bought with Mark Jensen • Nationwide Real Estate Execs

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Norma Mardelli

Agent | License ID: 01477249

+1(818) 400-3794

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