1377 Warren Ave, Long Beach, CA 90813
1377 Warren Ave, Long Beach, CA 90813
1377 Warren Ave, Long Beach, CA 90813
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Ever Banuelos

Ever Banuelos

+1(323) 833-9824
$1,627,000
Est. payment /mo
4 Beds
11 Baths
4,944 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,944 sqft

Price per Sqft $329

MLS Listing ID 26640863

Bedrooms 4

Year Built 1922

Lot Size 5,700 Sqft

Acres 0.1309

Property Sub-Type Multi-Family

Property Description

PRICED TO SELL. 8.5 GRM AND 7.3% CAP WITH UPSIDE TO A 8.1 GRM AND 7.9% CAP. 11 units in Long Beach NOT subject to local rent control, only subject to AB 1482 rent control - maximum annual increase of 5% + CPI (you can increase 8.0% this year). The property is professionally managed and well-maintained. The property is MASTER METERED for all utilities and as such, there is an opportunity for a new owner to either implement a RUBS program or increase rents to cover these costs. Electrical updated in the past 3 years. Qualified Buyers can put as little as 25% down and earn over a 13% cash on cash return against in-place rents.

Location

State CA

County Los Angeles

Area Poly High

Zoning LBR2N

Rooms

Other Rooms None

Interior

Heating Wall

Cooling None

Equipment None

Exterior

Parking Features None

Building

Story 2

Level or Stories Multi/Split

Others

Special Listing Condition Standard

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TheMLS (CLAW)
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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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Ever Banuelos
Ever Banuelos

Team Leader | License ID: 01945384

+1(323) 833-9824 | ever.banuelos@gmail.com

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