Long Beach, CA 90802,1026 1040 E Broadway
Long Beach, CA 90802,1026 1040 E Broadway
Long Beach, CA 90802,1026 1040 E Broadway
$3,125,000
Est. payment /mo
$3,050,000
2.5%
Est.Price: ?

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0.26 Acres Lot
SOLD DATE : 05/21/2024

Key Details

Sold Price $3,125,000

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

Subdivision Alamitos Beach (Ab)

MLS Listing ID PW23182166

Sold Date 05/21/24

HOA Y/N No

Year Built 1921

Lot Size 0.257 Acres

Property Description

Broadway @ Alamitos Beach is comprised of two adjacent apartment buildings with a total of nine units in prime Alamitos Beach. The unit mix consists of eight 1 BD/ 1 BA units and one larger 1 BD / 1 BA unit. Eight units of the nine units have been renovated with modern fixtures and finishes, including new countertops, laminate wood flooring, stainless steel appliances, bathtubs and vanities, ceiling fans, lighting, and window coverings. Exterior and common area renovations include a remodeled laundry room with new machines and new flooring in hallways and staircases. New landscaping includes installation of concrete hardscape and modern fencing, drought tolerant plants with drip irrigation and lighting. On-site laundry facilities, garage storage and workshop storage provide current additional building income. There is potential to turn the 300 square foot workshop storage into an ADU for approximately $1,895 in additional monthly income.

Location

State CA

County Los Angeles

Area 4 - Downtown Area, Alamitos Beach

Zoning LBR4R

Interior

Fireplace No

Laundry Common Area

Exterior

Parking Features Off Site, One Space

Pool None

Community Features Sidewalks

Private Pool No

Building

Lot Description 6-10 Units/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 7265002026

Energy Description 950.0

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Robert Stepp • Keller Williams - Santa Monica • 310-463-2916
Bought with Alondra Ruiz • Coldwell Banker West

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Monique H. Ott-Beacham

+1(619) 757-3109

Broker | License ID: DRE #01448692

Broker License ID: DRE #01448692

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