Long Beach, CA 90805,362 E Louise ST
Long Beach, CA 90805,362 E Louise ST
Long Beach, CA 90805,362 E Louise ST
16
$3,275,000
$3,375,000
3.0%
Est.Price: ?

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0.28 Acres Lot

362 E Louise ST Long Beach, CA 90805

Est. payment /mo
SOLD DATE : 10/05/2022

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Key Details

Sold Price $3,275,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision North Long Beach (Nlb)

MLS Listing ID SB22131119

Sold Date 10/05/22

Construction Status Repairs Cosmetic,Updated/Remodeled,Turnkey

HOA Y/N No

Year Built 1964

Lot Size 0.275 Acres

Property Description

Easy to own asset that is a great addition to any portfolio! This clean and well-maintained 12-unit property consists of eight 2bed/1bath units and four 1bed/1bath units with eight garages and private laundry/ storage rooms. The entire property is secured with coded entry and a brand new camera system. Plus, two of the units were recently refurbished and the entire roof is brand new. Each unit is in good condition, offers a functional layout, and provides plenty of space for the tenants to enjoy. Located in the path of progress - this dense rental market is perfect for investors who enjoy low vacancy rates, high market rental rates, and strong long-term appreciation. Close proximity to Bixby Knolls and all the new large scale redevelopment projects (The Beat, The Uptown, Uptown Commons, etc.) by nationally acclaimed developers coming online along the Atlantic corridor brings a ton of long-term value to the local market. Downtown Long Beach, the beach, parks, public transportation, easy freeway access, and other community amenities/ attractions are close by for all to enjoy. Long Beach is resurging due to hundreds of millions of dollars invested in private and public developments, a growing local economy with strong employment, and the increasing demand to "live, work, and play" in this remarkable community.

Location

State CA

County Los Angeles

Area 7 - North Long Beach

Zoning LBR1N

Interior

Interior Features Multiple Staircases, Utility Room

Heating Wall Furnace

Cooling None

Flooring Carpet, Laminate, Vinyl

Fireplaces Type None

Fireplace No

Appliance Free-Standing Range, Gas Cooktop, Gas Oven, Gas Range, Refrigerator

Laundry Common Area, Laundry Room

Exterior

Garage Spaces 8.0

Garage Description 8.0

Fence Privacy, Security, Wrought Iron

Pool None

Community Features Curbs, Sidewalks, Gated, Park

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N No

View None

Roof Type Composition,Shingle

Accessibility Safe Emergency Egress from Home, Parking

Total Parking Spaces 8

Private Pool No

Building

Lot Description Front Yard, Landscaped, Near Park, Near Public Transit

Story 2

Entry Level Two

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Construction Status Repairs Cosmetic,Updated/Remodeled,Turnkey

Others

Senior Community No

Tax ID 7126033023

Security Features Security System,Closed Circuit Camera(s),Carbon Monoxide Detector(s),Gated Community,Key Card Entry,Smoke Detector(s)

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Financing Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Matthew Mahowald • Buckingham Investments, Inc
Bought with Anthony Walker • Buckingham Investments, Inc

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Scott Miller

Agent | License ID: 02152150

+1(760) 264-3501

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