Properties
Long Beach, CA 90813 1050 E Hellman Street
$1,497,000
12 more
Presented By: Kathie Sitton with Compass; 714-864-1405
Baths • 1
SQFT • 3,542
Garage • 4
Home Details
This well-maintained and upgraded 6-unit property is a turnkey multi-family investment opportunity. Located in one of Long Beach's sought-after rental markets, this property offers 2 quality buildings on one lot totaling approximately 3,542 SF of living space on a generous 4,240 SF lot. Front building is 4 one-bedroom, one bath units and the rear building has 2 one-bedroom, one bath units over four single-car garages.
Property has undergone significant improvements including upgraded electrical and panels, new ABS sewer lines, remote-controlled garage doors, a new roof on the rear building, foundation fortification, new 75-gallon water heater, and refreshed interiors with stainless steel stoves. Cesar stone kitchen counters, luxury vinyl floors, wall heaters, and portable A/C in all units.
This is a solid fit for an investor seeking an easy-to-manage asset with garages and virtually no grounds work.
What distinguishes this offering is the scale, proximity to everyday conveniences, and ease of ownership - a rare combination.
Presented By: Kathie Sitton with Compass; 714-864-1405
Interior Features for 1050 E Hellman Street
Other Interior Features
Air Conditioning Y/NYes
Common WallsNo Common Walls
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringSee Remarks
Heating Y/NYes
Laundry FeaturesNone
Total Stories2
Other Rooms
Entry Level1
General for 1050 E Hellman Street
AppliancesGas Range, Refrigerator, Water Heater
Architectural StyleSpanish
Building Area UnitsSquare Feet
CityLong Beach
Community FeaturesSidewalks
Construction MaterialsStucco
ContingencySold As-Is. Seller not paying for any repairs or providing and credits.
No Loan Contingency
No Appraisal Contingency
CoolingSee Remarks
CountyLos Angeles
DirectionsNorth of 7th, between Cerritos and Alamitos
Entry LocationStreet
ExclusionsRefrigerators in 2 units (owned by tenant), Mineral Rights
Fuel Expense
Garage Spaces4
Garage Y/NYes
Gross Income117060
HOANo
HOA Fee$
HeatingWall Furnace
Insurance Expense6331
Land Lease Y/NNo
LevelsTwo
Listing TermsCash, Cash to New Loan, Conventional, 1031 Exchange, Owner May Carry, Submit
Lot Size Square Feet4240
Lot Size UnitsSquare Feet
MLS Area4 - Downtown Area, Alamitos Beach
MaintenanceExpense7070
Net Operating Income93954
New ConstructionNo
Number Of Units Total6
Number of Units Leased6
Operating Expense23106
Pool FeaturesNone
PossessionClose Of Escrow
PostalCityLONG BEACH
Property Attached Y/NNo
Property Sub Type AdditionalMixed Use
Property SubtypeMixed Use
Property TypeResidential Income
Rent Control Y/NYes
RoofComposition
Security FeaturesSmoke Detector(s)
Senior Community Y/NNo
SewerPublic Sewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count2
Subdivision NameAlamitos Beach (AB)
Tax Lot2
Tenant PaysCable TV, Electricity, Pest Control
Total Actual Rent9620
Trash Expense0
UtilitiesSewer Connected, Water Connected
ViewNeighborhood
Water Sewer Expense4065
Year Built1924
Year Built SourcePublic Records
Exterior for 1050 E Hellman Street
Building Area Total3542
FencingNone
Inclusions4 refrigerators plus all other appliances
Lot Features0-1 Unit/Acre
Lot Size Acres0.0973
Lot Size Area4240
Lot Size SourcePublic Records
Number of Buildings2
Number of Separate Electric Meters6
Number of Separate Gas Meters1
Number of Separate Water Meters1
Parking FeaturesDoor-Single, Garage
Private PoolNo
SpaNo
Total Parking4
Water SourcePublic
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
