Properties
Long Beach, CA 90813 1377 Warren Avenue
$1,628,000
6 more
Presented By: Jonathan Swire with The Agency;
Beds • 4
Baths • 7
SQFT • 4,944
Home Details
PRICED TO SELL. 8.7 GRM AND 7.0% CAP WITH UPSIDE TO A 8.1 GRM AND 7.9% CAP. 11 units in Long Beach NOT subject to local rent control, only subject to AB 1482 rent control - maximum annual increase of 5% + CPI (you can increase 8.0% this year). The property is professionally managed and well-maintained. The property is MASTER METERED for all utilities and as such, there is an opportunity for a new owner to either implement a RUBS program or increase rents to cover these costs. Electrical updated in the past 3 years. Qualified Buyers can put as little as 25% down and earn over a 12% cash on cash return against in-place rents. EMAIL LA FOR MORE INFORMATION INCLUDING A CURRENT RENT ROLL AND EXPENSES.
Presented By: Jonathan Swire with The Agency;
Interior Features for 1377 Warren Avenue
Bedrooms
Total Bedrooms4
Bathrooms
1/4 Baths0
3/4 Baths0
Half Baths
Total Baths11
Other Interior Features
Air Conditioning Y/NNo
Heating Y/NYes
Total Stories2
General for 1377 Warren Avenue
Cap Rate7
CityLong Beach
CoolingNone
CountyLos Angeles
Directions11 units in Long Beach NOT subject to local Rent Control.
Full Baths
Gross Income186000
HOANo
HeatingWall Furnace
LevelsMulti/Split
Living Area4944
Lot Size Square Feet5700
Lot Size UnitsSquare Feet
MLS Area9 - Poly High
Net Operating Income122000
New ConstructionNo
Number Of Units Total11
PostalCityLONG BEACH
Property TypeResidential Income
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Year Built1922
ZoningLBR2N
Exterior for 1377 Warren Avenue
Building Area Total4944
Lot Size Acres0.1309
Lot Size Area5700
Number of Buildings2
Parking FeaturesNone
Total Parking0
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
