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Listed by Eric Christopher • WSC Realty Advisors Inc.
$ 1,695,000
Est. payment | /mo
4,522 SqFt
$ 1,695,000
Est. payment | /mo
4,522 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 4,522 sqft
Price per Sqft $374
MLS Listing ID CRPW25198017
HOA Y/N No
Year Built 1923
Lot Size 5,854 Sqft
Property Sub-Type Other
Source Datashare California Regional
Property Description
1222 E 10th St., Long Beach represents an excellent opportunity for cash flow and upside within a centrally located, straight forward "Bread and butter" asset. Consisting of nicely sized (6) Studio-1 bath and (4) 1 Bed-1 bath units, the property has a consistently high occupancy rate. 5 of 10 units are currently eligible for rent increases Unit interiors have been upgraded as well as the electrical system converted to separate meters and subpanels with capacity for expansion in each unit. The building exterior has just been cleaned, preserved and painted. There is potential to add a laundry room in a large water heater/ store room at the rear of the property (Buyer to verify)
Location
State CA
County Los Angeles
Interior
Fireplace No
Laundry No Hookups
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Melanie Peterson-Katz
Partner | Lic# 00890767