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$3,100,000
Est. payment /mo
2 Beds
1 Bath
7,840 Sqft Lot
UPDATED:
10/15/2024 06:04 AM
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC24187219
Bedrooms 2
HOA Y/N No
Lot Size 7,840 Sqft
Property Description
1660 Park Avenue is a 9-unit multifamily investment property located in Long Beach, CA. 1660 Park Avenue offers a highly desirable mix of exclusively two-bedroom units averaging 839 square feet. The property features amenities including 4 single-car garages, each with a tandem surface space, screen doors, and an on-site laundry facility. Current ownership has recently invested significant capital into upgrades including a new roof and an upgraded main sewer line. 1660 Park Avenue is situated in the highly sought-after Park Estates neighborhood of Long Beach. Residents enjoy the propertys prime Long Beach location, with an abundance of hot spots within a 1.5-mile radius of the property. The property is within walking distance of numerous major retail centers surrounding the Los Alamitos Traffic Circle. Additionally, the property is situated in close proximity of both California State University, Long Beach and the Timor Rubin VA Medical Center, two major housing and employment drivers for the city. Furthermore, the propertys close proximity to Recreation Park and the Alamitos Bay provides residents with easy access to an abundance of recreation and leisure activities. The propertys ideal Long Beach location surrounded by an abundance of recreational, educational, and retail amenities are a primary draw for potential renters. This overall demand for well-located rental units will be a key driver in the continued growth and success at 1660 Park Avenue.
1660 Park Avenue is a 9-unit multifamily investment property located in Long Beach, CA. 1660 Park Avenue offers a highly desirable mix of exclusively two-bedroom units averaging 839 square feet. The property features amenities including 4 single-car garages, each with a tandem surface space, screen doors, and an on-site laundry facility. Current ownership has recently invested significant capital into upgrades including a new roof and an upgraded main sewer line. 1660 Park Avenue is situated in the highly sought-after Park Estates neighborhood of Long Beach. Residents enjoy the propertys prime Long Beach location, with an abundance of hot spots within a 1.5-mile radius of the property. The property is within walking distance of numerous major retail centers surrounding the Los Alamitos Traffic Circle. Additionally, the property is situated in close proximity of both California State University, Long Beach and the Timor Rubin VA Medical Center, two major housing and employment drivers for the city. Furthermore, the propertys close proximity to Recreation Park and the Alamitos Bay provides residents with easy access to an abundance of recreation and leisure activities. The propertys ideal Long Beach location surrounded by an abundance of recreational, educational, and retail amenities are a primary draw for potential renters. This overall demand for well-located rental units will be a key driver in the continued growth and success at 1660 Park Avenue.
1660 Park Avenue is a 9-unit multifamily investment property located in Long Beach, CA. 1660 Park Avenue offers a highly desirable mix of exclusively two-bedroom units averaging 839 square feet. The property features amenities including 4 single-car garages, each with a tandem surface space, screen doors, and an on-site laundry facility. Current ownership has recently invested significant capital into upgrades including a new roof and an upgraded main sewer line. 1660 Park Avenue is situated in the highly sought-after Park Estates neighborhood of Long Beach. Residents enjoy the propertys prime Long Beach location, with an abundance of hot spots within a 1.5-mile radius of the property. The property is within walking distance of numerous major retail centers surrounding the Los Alamitos Traffic Circle. Additionally, the property is situated in close proximity of both California State University, Long Beach and the Timor Rubin VA Medical Center, two major housing and employment drivers for the city. Furthermore, the propertys close proximity to Recreation Park and the Alamitos Bay provides residents with easy access to an abundance of recreation and leisure activities. The propertys ideal Long Beach location surrounded by an abundance of recreational, educational, and retail amenities are a primary draw for potential renters. This overall demand for well-located rental units will be a key driver in the continued growth and success at 1660 Park Avenue.
Location
State CA
County Los Angeles
Area Long Beach (90815)
Zoning Assessor
Building
Lot Description Curbs, Sidewalks
Story 2
Level or Stories 1 Story
Others
Monthly Total Fees $155
Acceptable Financing Cash, Conventional, Exchange
Space Rent $23,038
Listing Terms Cash, Conventional, Exchange
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Listed by Tyler Leeson • Marcus & Millichap RE Invest
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Nicole Hazelton
Broker Associate | License ID: 01819363
Broker Associate License ID: 01819363
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