4652 N Banner Drive

    Long Beach, CA 90807
    • $1,900,000
    • STATUS: Active
    • ON SITE: 82 days
    • ID#: PW20010478
    UPDATED: 86 min ago
    $1,900,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,030
      SQFT
    • $378
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1946
    County:

    School Ratings & Info

    Description

    4652-4654 N. Banner Avenue is an 8-unit, value-add asset with +/-21% upside potential in rents. The building features a good mix of (2) studio and (6) one-bedroom units along with ample parking of 5 garages plus 3 additional spaces, and is separately metered for gas and electric. Located in Bixby Knolls, Long Beach, the property is in close proximity to employment and retails hubs such as The Terminal at Douglas Park, LBX, the Atlantic Corridor, and the Globemaster Specific Corridor, which will bring additional development to the area.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-07T20:27:20.933. 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/102333126

    4652 N Banner Drive Long Beach, CA 90807

    • Price: $1,900,000
    • Status: Active
    • Updated: 86 min ago
    • ID#: PW20010478
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    5,030
    SQFT
    $378
    $/SQFT
    1946
    Built
    Neighborhood:
    Bixby Knolls (Bk)
    County:
    Los Angeles
    Area:
    6 - Bixby, Bixby Knolls, Los Cerritos
    Property Description
    4652-4654 N. Banner Avenue is an 8-unit, value-add asset with +/-21% upside potential in rents. The building features a good mix of (2) studio and (6) one-bedroom units along with ample parking of 5 garages plus 3 additional spaces, and is separately metered for gas and electric. Located in Bixby Knolls, Long Beach, the property is in close proximity to employment and retails hubs such as The Terminal at Douglas Park, LBX, the Atlantic Corridor, and the Globemaster Specific Corridor, which will bring additional development to the area.
    Exterior Features

    Garage Spaces 5.00 Lot Features 6-10 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Features GarageUncovered Parking Total 8.00 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 Common Area

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features SidewalksUrban Country Us Electric Expense 1500.00 Elevation Units Feet Fuel Expense 1500.00 Gardener Expense 600.00 Gross Income 119016.00 Gross Scheduled Income 125280.00 Insurance Expense 2012.00 Land Lease YN No Laundry YN Yes Licenses Expense 500.00 Maintenance Expense 5000.00 Net Operating Income 71806.00 New Construction YN No New Taxes Expense 24147.00 Number Of Separate Electric Meters 8 Number Of Separate Gas Meters 8 Number Of Separate Water Meters 1 Operating Expense 47210.00 Other Expense 2500.00 Other Expense Description Reserves Pest Control Expense 500.00 Professional Management Expense 6951.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Bixby Knolls (Bk) Total Expenses 47210.00 Trash Expense 1500.00 Water Sewer Expense 1500.00 Water Source Public Year Built Source Assessor Zoning Lbr3s

    Listing provided courtesy of Robert Stepp of Keller Williams Pacific Estate


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-07T20:27:20.933. 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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