1505 E 11th Street Long Beach, CA 90813

242374322 33.781006 -118.172745 124 /listing/242374322-150162921/1505-e-11th-street-long-beach-ca-90813 False 0 4650000.0 105 PW19140072 False
$4,650,000
  • 10,202 lot
  • Est payment $24962.21/mo

Property & Neighborhood Info

Courtesy Of Steven Bogoyevac, Steven M. Bogoyevac, Broker

Multi-Family in Long Beach

1505 East 11th Street, a 21-unit apartment building in Long Beach, California. The property is located in a dense rental area of Eastside Long Beach south of Anaheim Street and between Hoffman and Walnut avenues. This offering presents a great opportunity for an investor to acquire an asset in good condition in a strong rental market and capture huge potential upside in rents.The property consists of a 1964 construction building with two two-bed/one-bath, nine two-bed/one-and-one-half-bath, seven one-bed/one-bath and three studio units. The units are separately metered for gas and electricity, and the building also offers income-generating on-site laundry and garage parking.1505 East 11th Street has been well-maintained and boasts recent improvements that include updated copper plumbing, a new mainline, new gutters, new exterior lighting, a newer roof (replaced within the past five years), and the exterior was recently repainted.

Courtesy Of Steven Bogoyevac, Steven M. Bogoyevac, Broker
  1. 10,202 Lot

Main Features

  • Listing Status: Active
  • Year Built: 1964
  • Garage: 21.0
  • Floors: 3
  • County: Los Angeles County
  • Units: 21
  • Zoning: LBR2N
  • Subdivision: Eastside (Es)
  • MLS Number:PW19140072

Additional Features

  • Laundry:
    • Common Area
  • Common Walls:
    • No Common Walls
  • Levels:
    • Three Or More
  • Water Source:
    • Public
  • Year Built Source:
    • Public Records
  • Land Size Source:
    • Assessor
  • Lot Features:
    • Park Nearby
  • Pool Features:
    • None
  • Parking Spaces:
    • 21.00
  • Heating:
    • Radiant
  • Sewer:
    • Public Sewer
  • Community Features:
    • Curbs
    • Urban
  • Number of Buildings:
    • 1
  • Gross Income:
    • 348004.00
  • Net Operating Income:
    • 226645.00
  • CDOM:
    • 37
  • Special Conditions:
    • Standard
  • Fuel Exp:
    • 0.00
  • Insurance Expense:
    • 0.00
  • Lot Size Acres:
    • 0.2342
  • Lot Size Area:
    • 10202.0000
  • Lot Size Square Feet:
    • 10202.00
  • Operating Expense:
    • 125268.00
  • Price Per SQFT:
    • 333.96
  • Tax ID:
    • 7267001036
  • Total Expenses:
    • 125268.00
Neighborhood info courtesy of Homes.com © 2019

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.
Jeffrey Hallin
Jeffrey Hallin
Associate
(949) 371-9802
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1505 E 11th Street Long Beach, CA 90813

242374322 33.781006 -118.172745 124 /listing/242374322-150162921/1505-e-11th-street-long-beach-ca-90813 False 0 4650000.0 105 PW19140072 False
  • $4,650,000
  • 10,202 lot
  • Est payment $24962.21/mo