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30 W 49th Street

Long Beach, CA 90805
  • $3,700,000
  • STATUS: Active
  • ON SITE: 30 Days
  • ID#: PW22152787
UPDATED: 56 min ago
$3,700,000
  • 0
    BEDS
  • 0.23
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1963
County:

School Ratings & Info

Listing Agent(s): Robert Stepp of Keller Williams - Santa Monica (310-482-2200)


Description

30 W. 49th Street is a 12-unit property located in North Bixby Knolls. The controlled-access building features mostly two-bedroom units (11 of the 12) and a parking ratio of one space per unit. On-site laundry facilities and an in-place RUBS program provide current income. New windows have been installed throughout the building. The property is situated in a quiet, residential neighborhood, conveniently accessible to the metro line running along Long Beach Boulevard to Downtown, as well as major commuter thoroughfares. The combination of urban amenities and suburban lifestyle has attracted developers such as City Ventures, which is pre-selling solar-powered townhomes in the low $600Ks across the street. This property provides a light value-add opportunity to achieve approximately 10% rental upside potential by simply installing vinyl plank flooring and modern fixtures.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-12T19:35:55.113. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Villa Real Estate. Licensed in the State of California, USA.
www.thecharlieprice.com/homes/130817918
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30 W 49th Street Long Beach, CA 90805

  • Price: $3,700,000
  • Status: Active
  • On Site: 30 Days
  • Updated: 56 min ago
  • ID#: PW22152787
0
Beds
0
Baths
0
½ Baths
0.23
Acres
1963
Built
Neighborhood:
Bixby Knolls (Bk)
County:
Los Angeles
Area:
6 - Bixby, Bixby Knolls, Los Cerritos
Property Description
30 W. 49th Street is a 12-unit property located in North Bixby Knolls. The controlled-access building features mostly two-bedroom units (11 of the 12) and a parking ratio of one space per unit. On-site laundry facilities and an in-place RUBS program provide current income. New windows have been installed throughout the building. The property is situated in a quiet, residential neighborhood, conveniently accessible to the metro line running along Long Beach Boulevard to Downtown, as well as major commuter thoroughfares. The combination of urban amenities and suburban lifestyle has attracted developers such as City Ventures, which is pre-selling solar-powered townhomes in the low $600Ks across the street. This property provides a light value-add opportunity to achieve approximately 10% rental upside potential by simply installing vinyl plank flooring and modern fixtures.
Exterior Features

Carport Spaces 12 Carport YN Yes Lot Features 11-15 Units/Acre Number Of Separate Electric Meters 12 Open Parking Spaces 0 Parking Total 12 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Common Interest Community Apartment Community Features Sidewalks Electric Expense 1994 Fuel Expense 1994 Garage YN No Gross Income 262755 Gross Scheduled Income 270882 Insurance Expense 7170 Land Lease YN No Laundry Features Common Area Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan1031 Exchange Maintenance Expense 9000 Net Operating Income 174466 New Construction YN No New Taxes Expense 46166 Number Of Separate Gas Meters 0 Number Of Separate Water Meters 0 Operating Expense 88290 Other Expense 3000 Pest Control Expense 585 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 1994 Water Sewer Expense 1994 Water Source Public Zoning Lbr1n



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-12T19:35:55.113. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Villa Real Estate. Licensed in the State of California, USA.
 
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Villa Real Estate
450 Newport Center Drive, Suite 100
Newport Beach CA, 92660
Listing Agent(s): Robert Stepp of Keller Williams - Santa Monica (310-482-2200)