Properties
Lynwood, CA 90262 12008 Long Beach Boulevard
$999,700
26 more
Presented By: Mike Trelles with Real Broker; 714-955-8910
Baths • 1
SQFT • 3,016
Home Details
It is the best deal around! Cash Cow Multi-Family on Long Beach Blvd is an excellent location for an owner-occupied and the tenants. The landlord is selling to purchase a single-family residence. The total monthly rental income is $10,471. The landlord pays an average monthly utility of $649. This is a non-contingent sale. Make offers subject to interior inspection. Do not disturb the tenants. Conveniently Close to everything: restaurants, grocery stores, bus stops, laundry, and employers. Three buildings on the lot. The front building with three units facing Long Beach Blvd is on combined electric meters, paid for by the landlord. The second center building is a two-bedroom and one-bath with its own gas and electric meter paid for by the tenant. The third building at the rear has five units on a combined electric meter paid by the landlord. There is one water meter paid by the landlord. There are two gas meters; the landlord pays for the gas except for unit #4 (the two-bedroom). Three units have window A/C and pay an additional $100, which is already included in the rent. There is no laundry on the premises. There is a laundry mat on the same block. The monthly average landlord utility expenses are : Water: $350, Gas: 100, Electricity: $399. The income listed in this MLS description is correct and updated.
Presented By: Mike Trelles with Real Broker; 714-955-8910
Interior Features for 12008 Long Beach Boulevard
Other Interior Features
Air Conditioning Y/NNo
Common Walls2+ Common Walls
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringVinyl
Heating Y/NNo
Interior AmenitiesAll Bedrooms Down
Laundry FeaturesNone
Total Stories1
Window FeaturesScreens
Other Rooms
Entry Level1
General for 12008 Long Beach Boulevard
AccessibilityNone
Additional Parcels Y/NNo
AppliancesFree-Standing Range
Association AmenitiesTrash
Building Area UnitsSquare Feet
Cap Rate9.83
Carport Spaces
CityLynwood
Community FeaturesSidewalks
Construction MaterialsStucco
ContingencySubmit offer subject to interior inspection.
CoolingNone, Wall/Window Unit(s)
CountyLos Angeles
Current FinancingConventional, Private
Directions105 freeway exit Long Beach Blvd. South about 1/2 mile
DisclosuresEasement(s)
ElectricStandard
Electric Expense3721
Entry Location1
Fuel Expense1744
Garage Spaces
Garage Y/NNo
Gross Income123444
HOANo
HOA Fee$
HeatingNone, Wall Furnace
Insurance Expense3606
Land Lease Y/NNo
LevelsOne
Listing TermsCash, Cash to New Loan, Conventional, Fannie Mae, Freddie Mac, Submit
Lot Size Square Feet7096
Lot Size UnitsSquare Feet
MLS AreaRM - Lynwood
Net Operating Income98360
New ConstructionNo
Number Of Units Total9
Number of Units Leased9
Open Parking Spaces9
Operating Expense25084
Other StructuresStorage
Pool FeaturesNone
PossessionClose Of Escrow
PostalCityLYNWOOD
Property Attached Y/NYes
Property ConditionFixer
Property Sub Type AdditionalMixed Use
Property SubtypeMixed Use
Property TypeResidential Income
Rent Control Y/NNo
RoofComposition
Security FeaturesCarbon Monoxide Detector(s), Smoke Detector(s)
Senior Community Y/NNo
SewerPublic Sewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count1
Tax Lot824
Tenant PaysCable TV, Telephone
Total Actual Rent9600
Trash Expense1663
UtilitiesElectricity Connected, Natural Gas Available, Sewer Connected
ViewNone
Water Sewer Expense6480
Year Built1942
Year Built SourceAssessor
ZoningLYC2A*
Exterior for 12008 Long Beach Boulevard
Building Area Total3016
Door FeaturesPanel Doors
FencingChain Link
Foundation DetailsCombination
Lot Features6-10 Units/Acre
Lot Size Acres0.1629
Lot Size Area7096
Lot Size SourceAssessor
Number of Buildings3
Number of Separate Electric Meters3
Number of Separate Gas Meters2
Number of Separate Water Meters1
Parking FeaturesDriveway
Private PoolNo
Road Frontage TypeCity Street
Road Surface TypePaved
SpaNo
Total Parking9
Water SourcePublic
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
