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2223 Myrtle Avenue

Long Beach, CA 90806
  • $3,750,000
  • STATUS: ACTIVE
  • ON SITE: 119 Days
  • ID#: OC23141746
UPDATED: 34 min ago
$3,750,000
  • 3
    BEDS
  • 0.24
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

This 14 unit property is in excellent condition, as 13 of 14 units, have been extensively upgraded. The location is a rapidly up-and- coming neighborhood. The property offers (2) two-bedroom/one-bath and (12) one-bedroom/ one-bath units. Remodeled units include vinyl plank flooring, custom cabinets, stainless steel appliances, new bathroom vanities, and modern lighting and fixtures throughout. The secure-access building also features ample parking; new windows; two laundry rooms; and separate meters for gas and electric and a RUBS program has been implemented to further redcue opertaing costs. This 14 unit property is in excellent condition, as 13 of 14 units, have been extensively upgraded. The location is a rapidly up-and- coming neighborhood. The property offers (2) two-bedroom/one-bath and (12) one-bedroom/ one-bath units. Remodeled units include vinyl plank flooring, custom cabinets, stainless steel appliances, new bathroom vanities, and modern lighting and fixtures throughout. The secure-access building also features ample parking; new windows; two laundry rooms; and separate meters for gas and electric and a RUBS program has been implemented to further redcue opertaing costs.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.
www.gellens.com/homes/142012606
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2223 Myrtle Avenue Long Beach, CA 90806

  • Price: $3,750,000
  • Status: ACTIVE
  • On Site: 119 Days
  • Updated: 34 min ago
  • ID#: OC23141746
3
Beds
0
Baths
0
½ Baths
0.24
Acres
Neighborhood:
Long Beach (90806)
County:
Los Angeles
Area:
Long Beach (90806)
Property Description
This 14 unit property is in excellent condition, as 13 of 14 units, have been extensively upgraded. The location is a rapidly up-and- coming neighborhood. The property offers (2) two-bedroom/one-bath and (12) one-bedroom/ one-bath units. Remodeled units include vinyl plank flooring, custom cabinets, stainless steel appliances, new bathroom vanities, and modern lighting and fixtures throughout. The secure-access building also features ample parking; new windows; two laundry rooms; and separate meters for gas and electric and a RUBS program has been implemented to further redcue opertaing costs. This 14 unit property is in excellent condition, as 13 of 14 units, have been extensively upgraded. The location is a rapidly up-and- coming neighborhood. The property offers (2) two-bedroom/one-bath and (12) one-bedroom/ one-bath units. Remodeled units include vinyl plank flooring, custom cabinets, stainless steel appliances, new bathroom vanities, and modern lighting and fixtures throughout. The secure-access building also features ample parking; new windows; two laundry rooms; and separate meters for gas and electric and a RUBS program has been implemented to further redcue opertaing costs.
Exterior Features

Pool N/K

Interior Features

Stories 2 Story Total Baths Unit1 1 Total Baths Unit2 1

Property Features

Actual Cap Rate 5.57 Annual Expense Actual 97032 Buildings 2 Cfd Mello Roos Fee 2490.0 Cfd Mello Roos Fee Reflects Year Gross Rent Multiplier Actual 11.65 Gross Scheduled Income Actual 321912 Home Owners Fees 0.0 Monthly Total Fees 207 Terms Cash Unit Number For Unit1 1 Unit Number For Unit2 2 Unit1 Rent Actual 21959.0 Unit2 Rent Actual 4485.0 Zoning Assessor

San Diego MLS logo Listing provided courtesy of Mike Marcu of Mike Marcu, Broker: 562-260-0940. Listing information © 2023 San Diego MLS Inc. Source: CRMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.
 
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