Properties
Long Beach, CA 90803 3414 E 1st
$1,850,000
11 more
Presented By: Richard Gaylord with Re/Max R. E. Specialists; 562-618-2113
Baths • 1
SQFT • 3,864
Garage • 5
Home Details
Three separate buildings in the Bluff Park Historic Zone. All Offer are Subject to Inspection and Seller Concluding a 1031 Tax Deferred Exchange. DRIVE BY ONLY - DO NOT DISTURB TENANTS. Front buildings each house two single units. Back building is a 2 bedroom and den, 1 1/2 bathrooms and a one bedroom apartment. There are 4 Garages (1 double and 3 single) rented separately and a seller-owned Laundry Room along the back side of the property. Each unit is separately metered for electric and gas, and all units enjoy outdoor space.
Presented By: Richard Gaylord with Re/Max R. E. Specialists; 562-618-2113
Interior Features for 3414 E 1st
Other Interior Features
Air Conditioning Y/NNo
Common Walls1 Common Wall
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesCommon Area
Total Stories2
Other Rooms
Entry Level1
General for 3414 E 1st
Additional Parcels Y/NNo
AppliancesFree-Standing Range, Gas Range, Gas Water Heater, Refrigerator, Water Heater
Building Area UnitsSquare Feet
Cap Rate4.7
CityLong Beach
Community FeaturesBiking, Curbs, Dog Park, Golf, Park, Storm Drain(s), Street Lights, Sidewalks, Urban, Water Sports
Construction MaterialsStucco
Contingency1.) Seller must conclude a Tax Deferred 1031 Exchange. 2.) Garages are rented separately: 1 double and 3 singles.
Owner pays gas for 3414 E 1st St. as it includes laundry Room gas. 3.) 3416 E. 1st St. is vacant and being painted and new carpet installed.
CoolingNone
CountyLos Angeles
Current FinancingNone
DirectionsNorth of Ocean East of Redondo
Entry LocationFrony
Garage Spaces5
Garage Y/NYes
Gross Income128800
HeatingWall Furnace
Insurance Expense2730
Land Lease Y/NNo
LevelsOne, Two
Listing TermsCash, Cash to New Loan, 1031 Exchange
Lot Size Square Feet9631
Lot Size UnitsSquare Feet
MLS Area2 - Belmont Heights, Alamitos Heights
MaintenanceExpense4500
Net Operating Income86304
New ConstructionNo
Number Of Units Total6
Number of Units Leased5
Operating Expense42496
Pool FeaturesNone
PossessionClose Of Escrow
PostalCityLONG BEACH
Property Attached Y/NYes
Property Sub Type AdditionalMixed Use
Property SubtypeMixed Use
Property TypeResidential Income
Rent Control Y/NNo
RoofAsphalt
Senior Community Y/NNo
SewerPublic Sewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count1
Subdivision NameBluff Park (BLF)
Tax Lot3
Taxes$23,125
Tenant PaysElectricity, Gas
Total Actual Rent12265
Trash Expense564
UtilitiesCable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
ViewNone
Water Sewer Expense1440
Year Built1920
Year Built SourceAssessor
Exterior for 3414 E 1st
Building Area Total3864
FencingWood
Foundation DetailsRaised
Lot Features6-10 Units/Acre
Lot Size Acres0.2211
Lot Size Area9631
Lot Size SourceAssessor
Number of Buildings3
Number of Separate Electric Meters6
Number of Separate Gas Meters6
Number of Separate Water Meters1
Parking FeaturesGarage, Garage Faces Rear
Private PoolNo
Road Frontage TypeCity Street
Road Surface TypeAlley Paved
SpaNo
Total Parking5
Water SourcePublic
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
