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1026 1040 E Broadway Long Beach, CA 90802
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Key Details
Sold Price $3,125,000
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 7,315 sqft
Price per Sqft $427
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
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Fireplace No
Laundry Common Area
Exterior
Garage Off Site, One Space
Pool None
Community Features Sidewalks
Parking Type Off Site, One Space
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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Bought with Alondra Ruiz • Coldwell Banker West