2223 Myrtle Avenue

    Long Beach, CA 90806
    • $3,425,000
    • STATUS: Active
    • ON SITE: 42 days
    • ID#: PW20010531
    UPDATED: 179 min ago
    $3,425,000
    • 0
      BEDS
    • 0.24
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,632
      SQFT
    • $397
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1959
    County:

    School Ratings & Info

    Description

    2223 Myrtle Avenue is a 14-unit investment asset in a rapidly up-and- coming neighborhood in Long Beach priced at 12.70 GRM on actual rents.The property offers (2) two-bedroom/one-bath and (12) one-bedroom/ one-bath units. Twelve of the units are completely remodeled with vinyl plank flooring, custom cabinets, stainless steel appliances, new bathroom vanities, and modern lighting and fixtures throughout. The secure-access building also features ample parking; cheery new paint; new windows; two laundry rooms; and separate meters for gas and electric.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-02-27T00:28:24.423. 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 deemed reliable but is not guaranteed accurate by the MLS or Steele Canyon Realty. Licensed in the State of California, USA.

    www.steelecanyonrealty.com/homes/102334296

    2223 Myrtle Avenue Long Beach, CA 90806

    • Price: $3,425,000
    • Status: Active
    • Updated: 179 min ago
    • ID#: PW20010531
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.24
    Acres
    8,632
    SQFT
    $397
    $/SQFT
    1959
    Built
    Neighborhood:
    Wrigley Area (Wr)
    County:
    Los Angeles
    Area:
    5 - Wrigley Area
    Property Description
    2223 Myrtle Avenue is a 14-unit investment asset in a rapidly up-and- coming neighborhood in Long Beach priced at 12.70 GRM on actual rents.The property offers (2) two-bedroom/one-bath and (12) one-bedroom/ one-bath units. Twelve of the units are completely remodeled with vinyl plank flooring, custom cabinets, stainless steel appliances, new bathroom vanities, and modern lighting and fixtures throughout. The secure-access building also features ample parking; cheery new paint; new windows; two laundry rooms; and separate meters for gas and electric.
    Exterior Features

    Carport Spaces 3.00 Garage Spaces 3.00 Lot Features 11-15 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Features AsphaltGarageTandem Uncovered Parking Total 15.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features Individual Room Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features SidewalksUrban Country Us Electric Expense 2236.50 Elevation Units Feet Fuel Expense 2236.50 Gardener Expense 900.00 Gross Income 256173.00 Gross Scheduled Income 269656.00 Insurance Expense 3884.00 Land Lease YN No Laundry YN Yes Licenses Expense 568.00 Maintenance Expense 7000.00 Net Operating Income 175924.00 New Construction YN No New Taxes Expense 43424.00 Number Of Separate Electric Meters 14 Number Of Separate Gas Meters 14 Number Of Separate Water Meters 1 Operating Expense 80250.00 Other Expense 3500.00 Other Expense Description Reserves Pest Control Expense 500.00 Professional Management Expense 11528.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Wrigley Area (Wr) Total Expenses 80250.00 Trash Expense 2236.50 Water Sewer Expense 2236.50 Water Source Public Year Built Source Assessor Zoning Lbr1n

    Listing provided courtesy of Robert Stepp of Keller Williams Pacific Estate


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-02-27T00:28:24.423. 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 deemed reliable but is not guaranteed accurate by the MLS or Steele Canyon Realty. Licensed in the State of California, USA.

     
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