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    5512 Long Beach Avenue

    Los Angeles (City), CA 90058
    • $499,000
    • STATUS: Active Under Contract
    • ON SITE: 57 days
    • ID#: 20664886
    Under Contract
    UPDATED: 25 min ago
    $499,000
    • 0
      BEDS
    • 0.1
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,053
      SQFT
    • $163
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1954
    County:

    School Ratings & Info

    Description

    Cash Cow!! This property is ideal for the savvy investor, who is looking to rent this property as its intended use or looking to add a cash cow to their business. The property consist of an open office space in the front unit, a 4bd 1.5bth in the middle unit and a 2bd 1bth in the rear unit. This property can be utilized for various uses; rental property, transitional housing, group home, homeless shelter, joint living quarters and other uses. Only 1 unit is currently rented on this property, two units will be delivered vacant.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-27T23:27:52.853. 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 Bathurst Coastal Properties | Compass. Licensed in the State of California, USA.

    www.livelovebeachcities.com/homes/112286957
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    5512 Long Beach Avenue Los Angeles (City), CA 90058

    • Price: $499,000
    • Status: Active Under Contract
    • Updated: 25 min ago
    • ID#: 20664886
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.1
    Acres
    3,053
    SQFT
    $163
    $/SQFT
    1954
    Built
    Neighborhood:
    C42 - Downtown L.A.
    County:
    Los Angeles
    Area:
    C42 - Downtown L.A.
    Property Description
    Cash Cow!! This property is ideal for the savvy investor, who is looking to rent this property as its intended use or looking to add a cash cow to their business. The property consist of an open office space in the front unit, a 4bd 1.5bth in the middle unit and a 2bd 1bth in the rear unit. This property can be utilized for various uses; rental property, transitional housing, group home, homeless shelter, joint living quarters and other uses. Only 1 unit is currently rented on this property, two units will be delivered vacant.
    Exterior Features

    Architectural Style Traditional Lot Size Source Assessor Lot Size Units Square Feet Parking Features Driveway Parking YN Yes Pool Features None Pool Private YN No Roof CompositionShingle View None View YN No

    Interior Features

    Flooring TileCarpet Heating Wall Furnace Heating YN Yes Laundry Features Inside

    Property Features

    Country Us Gross Income 5550.00 Gross Multiplier 7.56 Gross Operating Income 66000.00 Laundry YN Yes Net Operating Income 46200.00 Property Condition Repairs Cosmetic Rent Control YN No Security Features Gated Community Senior Community YN No Special Listing Conditions Standard Total Actual Rent 1650.00 Total Expenses 1236.00 Vacancy Allowance Rate 2.00 Water Sewer Expense 1236.00 Zoning Lam2

    Listing provided courtesy of E.J. Hawkins of Orion Real Estate and Melissa Theodule of


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-27T23:27:52.853. 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 Bathurst Coastal Properties | Compass. Licensed in the State of California, USA.

     
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    El Segundo CA, 12345