Address
E Broadway Long Beach, CA
Price
$ 2,750,000
Property Attributes
  • MLS#PW20149194
  • TypePending
  • CountyLOS ANGELES
  • CityLong Beach
  • AreaBelmont Heights - Alamitos Heights
  • NeighborhoodBelmont Heights
  • Zip90803
  • Style
  • Price$ 2,750,000
  • Bedrooms6
  • Full Bathrooms6
  • Half Bathrooms0
  • Lot Size4,792 SqFt
Listing Provided Courtesy Of:
Robert Stepp with Keller Williams - Santa Monica.
Data Source:
CRMLS
Property Description

4108 E. Broadway is an impeccably renovated six-unit investment property located in Belmont Heights, one of the most popular rental markets in Southern California. The asset is fully stabilized, achieving robust rents for all units. The property offers four 1 BD / 1 BA units in the front building and two studio units in the rear building. A beautifully landscaped courtyard in between provides lounge space as well as BBQ and dining facilities. The property also offers ample parking with four garages and two surface spaces. Extensive interior renovations totaling over $50,000 per unit include new windows and doors, hardwood flooring, custom shaker-style cabinets, quartz countertops, in-unit washer/dryers, stainless steel appliances, new bathroom tile and modern lighting, ceiling fans and fixtures throughout. Exterior renovations include extensive repairs, hardscaping, lighting and new gates and fencing. The Belmont Heights location is desirable for young urban professionals seeking a quiet neighborhood ambiance with accessibility to outdoor activities along with shopping and dining amenities. The property is within minutes to the beach and bike path as well as the popular 2nd Street shopping and dining destination. The seller's renovations and management provide a new buyer with a nearly brand new condition property that is 100% occupied. In total, the tenant base has an average income of approximately $113K, well within range of housing affordability guidelines.

Price History
7/27/2020 Listed $2,750,000

General Features

Community Features Urban
Garage Spaces 4
Garage Y/N Yes
Heating Floor Furnace
MLS Area 2 - Belmont Heights, Alamitos Heights
Open Parking Spaces 2
Parking Features Garage, Uncovered
Pool Features None
Property Attached Y/N Yes
Property Type Residential Income
Sewer Public Sewer
Subdivision Name Belmont Heights (BH)
Terms Cash, Cash to New Loan, 1031 Exchange
Total Units 6
Water Sewer Expense 1125
Zoning LBR3S

Interior Features

Common Walls 2+ Common Walls
Heating Y/N Yes
Laundry Features Common Area, In Kitchen

Exterior Features

Lot Features 6-10 Units/Acre
Lot Size Acres 0.11
Lot Size Area 5007
Lot Size Source Assessor
Lot Size Square Feet 5007
Lot Size Units Square Feet
Number of Buildings 2
Number of Separate Electric Meters 6
Number of Separate Gas Meters 6
Number of Separate Water Meters 1
Total Parking 6
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90803

Price
AVG $1.14M
$2.75M
Visits
AVG 72
433
Year Built
AVG 1957
1923
Walkscore
AVG 72
84
Data Provided by Walkscore ® not using MLS data

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