3015 E 11th St., Long Beach

$1,225,000

3015 E 11th St., Long Beach
  • UNITS:  4
  • UNIT MIX:  (4) 2 Bed / 1 Bath (1 Bedroom / 1 Bath + Den)
  • YEAR BUILT: 1928
  • CAP RATE: 4.00%
  • GRM: 15.75
  • BUILDING SF: 3,312
  • LAND SF: 4,262

DESCRIPTION

> Eastside Long Beach Location
> (4) 2BD/1BA Units (1 Bedroom / 1 Bath + Den)
> On-Site Laundry, Central Courtyard, & (4) Garages with ADU Potential
> Adjacent to Willard Elementary
> Fresh Paint and New Windows
> Potential Upside in Rent!

This investment opportunity is located in Eastside Long Beach, just off Orizaba and 11th Street. The complex consists of Four (4), 2 Bedroom, 1 Bath (1 Bedroom / 1 Bath + Den) units, each approximately 830 sq. ft. The exterior of the building has undergone recent renovations including fresh paint, and new windows. This property also includes amenities such as an on-site laundry room, central courtyard, and garage parking (one garage per unit) for additional income. A new owner may also have the ability to covert the garages into two additional ADU units (buyer to confirm with city).



LISTING BROKER(s)

Pat Swanson
Executive Vice President

MOBILE: 213.864.2862
EMAIL: pat.swanson@colliers.com
DIRECT: 949.724.5564
LICENSE #: 01382974

Ryan Bybee
Associate

MOBILE: 714.906.0251
EMAIL: ryan.bybee@colliers.com
DIRECT: 949.724.5597
LICENSE #: 02012725