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Key Details
Sold Price $1,280,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Circle (Ca)
MLS Listing ID RS20243066
Sold Date 04/02/21
HOA Y/N No
Year Built 1963
Lot Size 6,534 Sqft
Property Description
The perfect investment opportunity in an excellent area. "The Ravenna Building", is a 4 unit building located in the great Eastside part of Long Beach. This property offers a solid tenant base with low vacancy rates. Beautifully maintained, gated sparkling pool and a well-manicured lawn with surrounding trees. New parking asphalt. The building has been well maintained with all units in good conditions. Consisting of 3 large one-bedrooms and 1 large two-bedroom/two-bathroom townhouse with it's own private balcony, fireplace, enclosed patio and laundry closet with dishwashers in each unit- all separately metered for gas and electric. There are 4 attached garages with newly installed automatic garage door openers. Additionally, there are 4 extra off-street parking spaces, ideal for added income. This is a great opportunity for an investor looking to add-value and capture strong potential rental upside. 1534 Grand is in a prime location! Close to the beach, major retail shopping areas, CSULB, freeways, schools, Belmont Shore and Downtown Long Beach.owners might be open to sell all 3 buildings to the right buyers at $4m best offer.
Location
State CA
County Los Angeles
Area 3 - Eastside, Circle Area
Zoning LBR2N
Interior
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool Private
Community Features Street Lights, Urban
Total Parking Spaces 4
Private Pool Yes
Building
Lot Description Garden
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7253013053
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Financing Cash
Special Listing Condition Standard
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Bought with Melissa Ginsburg • NSI Corp/Pike Properties #104
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Monique H. Ott-Beacham
Broker | License ID: DRE #01448692
Broker License ID: DRE #01448692