477 E South St
long beach, CA 90805$3,800,000
- sold
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Pleased to present 477 E. South Street near the Bixby Knolls area Long Beach. The 16-unit apartment community is comprised of a desirable unit mix of all 2-Bedroom/1-Bathroom units. The building also offers tenants access to a treelined community courtyard with drought resistant landscaping. There is also a community laundry room for tenants to use. Priced under $250,000/unit the property generates cashflow to a 6.3% CAP Rate on current rents with additional upside for the prudent investor.
The community is extremely well located just off Atlantic Avenue restaurants and shops. It also offers easy access to 91, 710, and 405 freeways.
Details
9,840 Sq Ft
0.2394 Private Acres Exterior Space
Apartment
$45,615 Annual Tax
Built in 1961
MLS/Listing ID PW23173500
16 Units
Amenities & Features
Community - Sidewalks
Community - Curbs
Common Area
Parking - Assigned
Listing Courtesy of MORGAN SKENDERIAN, DOUG RODERMUND
Source of Data: CALIFORNIA REGIONAL MULTIPLE LISTING SERVICE