932 Temple Avenue, Long Beach, CA 90804

$2,000,000
List Price
$2,000,000
Price Change
▼ $200,000 1652819925
Status
ACTIVE
MLS#
PW22083966
Year Built
1954
Lot Size
6,501
Acres
0.1492
Lot Location
Near Public Transit
Days on Market
103
Property Type
Multifamily
Stories
Multi Level
Neighborhood
Other (Othr)

Property Description

Nicely appointed 6 Unit building located in a very desirable area of Eastside Long Beach. The property has been extensively upgraded giving a new owner the opportunity to increase the monthly income through increased rents. Between 2016 and 2021 several upgrades have been completed, including a new roof installed in 2020. Other upgrades during this time include a newer electrical panel and all electrical conduits to each unit along with each unit’s breaker box. A new wrought iron fence and wood fence along the south border, a new exterior staircase installed, new windows, replaced furnace/wall heaters in most units, and the exterior has been painted. Additionally, the kitchens and bathrooms in most of the units have been remodeled with new cabinets and new appliances. Newer garage doors, first-floor plumbing & sewer pipes. Laundry room with hookups which currently is used by tenants for storage. The list goes on. All units are separately metered for Gas and Electricity. Easy to manage, always rented, no vacancy for almost 5 years with room to increase rents.

Additional Information

Pool Description
None
Garage Spaces Total
4
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Number Of Units Total
6
Gross Scheduled Income
$89,448
Operating Expense
41061

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Listing Agent: Maher Haroun from Listing Office: First Team Real Estate

Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.