Sold
362 E Louise Street
Long Beach CA, 90805
$3,275,000
$339.45 per sqft
Sold
9,648 sqft
Residential
Built in 1964
Listed by Matthew Mahowald with Buckingham Investments, Inc 310 982-7055
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.
SB22131119
MLSⓇ ID
June 16, 2022
Listed
March 23, 2024
Updated
Map
362 E Louise Street
Long Beach CA, 90805
Interior Features
Total Stories
2
Interior Features
Multiple Staircases, Utility Room
Appliances
Free-Standing Range, Gas Cooktop, Gas Oven, Gas Range, Refrigerator
Laundry Description
Common Area, Laundry Room
Floor Description
Carpet, Laminate, Vinyl
Fireplace
Yes
Fireplace Description
None
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Wall Furnace
Exterior/Building Features
Lot Size
0.28 Acres
Lot Features
Front Yard, Landscaped, Near Park, Near Public Transit
Roof
Composition, Shingle
Sewer
Public Sewer
Other Property Details
Area Name
7 - North Long Beach
Days on Market
38
Garage
Yes
Garage Spaces
8
Parking Total
8
View
No
View Description
None
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Zoning
LBR1N
Buyer Agency Compensation
2.5%
Listing Contact: 310 982-7055
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 3/23/2024 at 1:38 AM UTC