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345 E 20th Street

Long Beach, CA 90806
  • $4,190,000
  • STATUS: Pending
  • ON SITE: 195 Days
  • ID#: SB23188825
Pending
UPDATED: 54 min ago
$4,190,000
  • 0
    BEDS
  • 0.4
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1923
County:

School Ratings & Info

Listing Agent(s): Stephen Takahashi of Lyon Stahl Investment Real Estate, Inc. (310-425-9838) and John Stiegler II of Lyon Stahl Investment Real Estate, Inc.(310-425-9838)


Description

Price Adjustment! 345 E 20th St in Long Beach is a great investment opportunity for local investors or 1031 exchange clients alike. The 23 units have been upgraded both on the interior and exterior. The upgrades include but are not limited to the roof being replaced within the last 10 years, a majority of the plumbing being replaced, and each unit being heavily remodeled in the last 5 years. The subject property currently has 4 private garages and an onsite laundry room, both which provide additional income. 345 E 20th St boasts a strong walk score of 95 due to the extremely convenient distance between grocery stores as well as dining and entertainment options.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-04-24T21:35:13.07. 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 or RE/MAX Freedom. Licensed in the State of California, USA.
www.homesinthehighdesert.com/homes/144269616
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345 E 20th Street Long Beach, CA 90806

  • Price: $4,190,000
  • Status: Pending
  • On Site: 195 Days
  • Updated: 54 min ago
  • ID#: SB23188825
0
Beds
0
Baths
0
½ Baths
0.4
Acres
1923
Built
Neighborhood:
,Poly High (Ph)
County:
Los Angeles
Area:
9 - Poly High
Property Description
Price Adjustment! 345 E 20th St in Long Beach is a great investment opportunity for local investors or 1031 exchange clients alike. The 23 units have been upgraded both on the interior and exterior. The upgrades include but are not limited to the roof being replaced within the last 10 years, a majority of the plumbing being replaced, and each unit being heavily remodeled in the last 5 years. The subject property currently has 4 private garages and an onsite laundry room, both which provide additional income. 345 E 20th St boasts a strong walk score of 95 due to the extremely convenient distance between grocery stores as well as dining and entertainment options.
Exterior Features

Entry Level 1 Entry Location front Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 24 Parking Total 4 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Common Interest Community Apartment Community Features Sidewalks Electric Expense 4000 Fuel Expense 4500 Garage YN Yes Gross Income 351840 Gross Scheduled Income 351840 Insurance Expense 7732 Land Lease YN No Laundry Features Common Area Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New Loan1031 Exchange Net Operating Income 216763 New Construction YN No Number Of Separate Gas Meters 24 Number Of Separate Water Meters 1 Operating Expense 124522 Property Sub Type Apartment Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 4000 Vacancy Allowance 10555 Vacancy Allowance Rate 3 Water Sewer Expense 7866 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-04-24T21:35:13.07. 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 or RE/MAX Freedom. Licensed in the State of California, USA.
 
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RE/MAX Freedom
12180 Ridgecrest Rd. Building E Ste. 522
Victorville CA, 92395
Listing Agent(s): Stephen Takahashi of Lyon Stahl Investment Real Estate, Inc. (310-425-9838) and John Stiegler II of Lyon Stahl Investment Real Estate, Inc.(310-425-9838)