Long Beach CA  home offered at $3,700,000 

Call Lisa DiNoto Group at (909)921-2544 to see this home.

 

30 W 49th Street
Long Beach, California CA 90805-7711
Sold For: $3,610,000
Listing ID: PW22152787
Price/SqFt: $415.32
Status: Closed
Sold Date: 11/18/2022
SqFt: 8,692 Sq Ft
Acres: 0.231 Acres
Subdivision: Bixby Knolls (BK)
Year Built: 1963

30 W. 49th Street is a 12-unit property located in North Bixby Knolls. The controlled-access building features mostly two-bedroom units (11 of the 12) and a parking ratio of one space per unit. On-site laundry facilities and an in-place RUBS program provide current income. New windows have been installed throughout the building. The property is situated in a quiet, residential neighborhood, conveniently accessible to the metro line running along Long Beach Boulevard to Downtown, as well as major commuter thoroughfares. The combination of urban amenities and suburban lifestyle has attracted developers such as City Ventures, which is pre-selling solar-powered townhomes in the low $600Ks across the street. This property provides a light value-add opportunity to achieve approximately 10% rental upside potential by simply installing vinyl plank flooring and modern fixtures.

Primary Features

County: Los Angeles
Price/SqFt: 415.32
Property Type: Residential Income
Subdivision: Bixby Knolls (BK)
Year Built: 1963
Zoning: LBR1N

Interior

Average 1 Bed Area Units: Square Feet
Average 2 Bed Area Units: Square Feet
Average 3 Bed Area Units: Square Feet
Average Studio Area Units: Square Feet
Building Area Units: Square Feet
Common Walls: 2+ Common Walls
Laundry: yes
Laundry Features: Common Area

External

Carport Spaces: 12
Lot Features: 11-15 Units/Acre
Lot Size Area: 10076
Lot Size Source: Assessor
Lot Size Square Feet: 10076
Number Of Buildings: 1
Parking Total: 12
Pool Features: None
Private Pool: no
Property Attached: yes
Sewer: Public Sewer
Water Source: Public

Location

Country: US
Elevation Units: Feet
MLS Area Major: 6 - Bixby, Bixby Knolls, Los Cerritos
Neighborhood: North Bixby Knolls
Subdivision Name Other: Bixby Knolls (BK)

Additional

Additional Parcels: no
Community Features: Sidewalks
Days On Market: 69
List Agent State License: 01456379
List Office State License: 01499010
Lot Size Units: Square Feet
New Construction: no
Number Of Separate Electric Meters: 12
Number Of Units Total: 12
Parcel Number: 7133032048
Senior Community: no
Year Built Source: Assessor

Financial

Electric Expense: 1994
Fuel Expense: 1994
Gardener Expense: 960
Gross Operating Income: 262755
Gross Scheduled Income: 270882
Insurance Expense: 7170
Land Lease: no
Maintenance Expense: 9000
Net Operating Income: 174466
New Taxes Expense: 46166
Operating Expense: 88290
Other Expense: 3000
Other Expense Description: Reserves
Pest Control Expense: 585
Price Per Unit: 308333
Professional Management Expense: 13138
Rent Control: yes
Special Listing Conditions: Standard
Tax Census Tract: 5717.01
Tax Lot: 46
Tax Tract Number: 5717
Total Expenses: 88290
Trash Expense: 1994
Water Sewer Expense: 1994

Zoning Info


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Listed by: RobertStepp, DRE #01456379 from Keller Williams - Santa Monica

Contact - Listing ID PW22152787

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Lisa DiNoto

9483 Haven Ave #100
Rancho Cucamonga, CA 91730
Phone: 9099212544

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