607 E 59th Street , #4

    Long Beach, CA 90805
    • $755,000
    • STATUS: Active
    • ON SITE: 269 days
    • ID#: PW18126506
    Price Reduced
    UPDATED: 32 min ago
    $755,000
    • 0
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,570
      SQFT
    • $294
      $/SQFT
    Neighborhood:
    North Long Beach (Nlb)
    Type:
    Multi-Family
    Built:
    1940
    County:
    Los Angeles
    Area:
    7 - North Long Beach

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    Description

    NO RENT CONTROL !!! Corner lot with 2 separate buildings one commercial other residential; 2 retail offices facing Atlantic Ave with brand new ROOF, one rented to an entrepreneur mobile car shop for $1200/M, the other is seller occupy and could be rented for $1500 (estimated).On the second building on the back there is a large 3 beds/2bath house with paid SOLAR PANELS and rented for $1875/M to a very long term tenant, and next to it a 1 bed/1bath unit rented for $1200/M both with entrance on 59th ST. Ideal for a buyer who wants to run his own business and live on the back house. Tenants are aware of the sale and are cooperating with it, so is very easy to show!!! Seller is the listing agent and holds a CA real estate broker license.Most office equipment is included on the sale!!!

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-02-23T16:39:39.033. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.bestlahomefinder.com/homes/84042834

    607 E 59th Street , #4 Long Beach, CA 90805

    • Price: $755,000
    • Status: Active
    • Updated: 32 min ago
    • ID#: PW18126506
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    2,570
    SQFT
    $294
    $/SQFT
    1940
    Built
    Neighborhood:
    North Long Beach (Nlb)
    County:
    Los Angeles
    Area:
    7 - North Long Beach
    Property Description
    NO RENT CONTROL !!! Corner lot with 2 separate buildings one commercial other residential; 2 retail offices facing Atlantic Ave with brand new ROOF, one rented to an entrepreneur mobile car shop for $1200/M, the other is seller occupy and could be rented for $1500 (estimated).On the second building on the back there is a large 3 beds/2bath house with paid SOLAR PANELS and rented for $1875/M to a very long term tenant, and next to it a 1 bed/1bath unit rented for $1200/M both with entrance on 59th ST. Ideal for a buyer who wants to run his own business and live on the back house. Tenants are aware of the sale and are cooperating with it, so is very easy to show!!! Seller is the listing agent and holds a CA real estate broker license.Most office equipment is included on the sale!!!
    Exterior Features

    Architectural Style ContemporaryModernTraditional Construction Materials BrickConcreteDrywall WallsMasoniteStucco Exterior Features AwningRain Gutters Fence YN Yes Fencing BlockFair ConditionGood ConditionMasonryStucco Wall Foundation Details CombinationConcrete PerimeterRaised Garage Spaces 0.00 Lot Features 0-1 Unit/AcreCorner LotNear Public Transit Lot Size Source Assessor Lot Size Units Square Feet Other Structures Storage Parking Features Driveway - PaversOff Street Parking Total 2.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type MaintainedPaved Roof CompositionShingle View Neighborhood View YN Yes

    Interior Features

    Appliances Electric RangeGas StoveMicrowaveWater Heater Unit Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Cooling CentralWall WindowElectric Cooling YN Yes Fireplace Features None Fireplace YN No Flooring CarpetConcreteTileWood Heating Central FurnaceElectricSee Remarks Heating YN Yes Interior Features Block WallsCopper Plumbing PartialFormica CountersGranite Counters Laundry Features In Kitchen Levels One Room Type All Bedrooms Down

    Property Features

    Accessibility Features None Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features SidewalksStorm DrainsStreet LightingUrban Country Us Electric Electricity - On Property Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Green Energy Generation Solar Gross Income 69300.00 Gross Scheduled Income 69300.00 Insurance Expense 0.00 Land Lease YN No Laundry YN Yes Net Operating Income 64500.00 New Construction YN No New Taxes Expense 0.00 Number Of Separate Electric Meters 3 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Number With Refrigerator 1 Operating Expense 0.00 Professional Management Expense 0.00 Property Condition Repairs CosmeticUpdated/Remodeled Property Sub Type Commercial/Residential Rent Control YN No Security Features Carbon Monoxide Detector(S)Smoke DetectorWindow Bars Senior Community YN No Sewer Public SewerSewer Paid Special Listing Conditions Standard Subdivision Name Other North Long Beach (Nlb) Tenant Pays ElectricityJanitorial Service Total Actual Rent 6625.00 Total Expenses 4800.00 Trash Expense 0.00 Utilities Cable ConnectedElectricity ConnectedNatural Gas AvailablePhone ConnectedSewer ConnectedWater Connected Water Sewer Expense 4800.00 Water Source Public Zoning Lbcna

    Listing provided courtesy of Juan Andrade of A Plus Realty 8 Financing


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-02-23T16:39:39.033. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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