1360 Euclid Avenue, Long Beach, CA 90804
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- MLS#: PW24249846 ( Apartment )
- Street Address: 1360 Euclid Avenue
- Viewed: 1
- Price: $2,650,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1923
- Bldg sqft: 0
- Days On Market: 7
- Additional Information
- County: LOS ANGELES
- City: Long Beach
- Zipcode: 90804
- Subdivision: Eastside (es)
- Provided by: Sage Real Estate
- Contact: Cody Cody
- DMCA Notice
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Description**SELLER FINANCING AVAILABLE**Discover this charming Spanish style 13 unit apartment building nestled in the heart of Long Beachs vibrant East Side neighborhood. Combining timeless architectural appeal with modern upgrades, this property presents an exceptional opportunity for investors seeking a value add asset with significant income potential. With a remarkable 35% upside in rents, a new owner can unlock tremendous cash flow while capitalizing on the extensive improvements already completed. Improvements include the installation of 13 new wall heaters (1990), a full repipe of gas lines (1998), a complete replacement of water supply lines (2006),14 new electric meters (1990), double pane vinyl windows throughout (2017), new 100 gallon water heater (2022), and all ABS plastic drain lines. The original floor plans also offer an opportunity for reconfiguration to unlock even more rental income potential. This reconfiguration has already been completed on unit #10. Seller financing is available for qualified buyers.
Property Location and Similar Properties
Features
Building Area Total
- 4630.00
Commoninterest
- Community Apartment
Common Walls
- 2+ Common Walls
Country
- US
Electric Expense
- 0.00
Entry Location
- Courtyard
Fuel Expense
- 0.00
Garage Spaces
- 0.00
Heating
- Wall Furnace
Insurance Expense
- 0.00
Laundry Features
- None
Lockboxtype
- None
Lot Features
- 11-15 Units/Acre
Netoperatingincome
- 93629.00
Number Of Separate Electric Meters
- 14
Parcel Number
- 7253008006
Parking Features
- None
Pool Features
- None
Postalcodeplus4
- 2913
Professionalmanagementexpense
- 0.00
Property Type
- Apartment
Sewer
- Public Sewer
Sourcesystemid
- CRM
Sourcesystemkey
- 428748180:CRM
Subdivision Name Other
- Eastside (ES)
Totalexpenses
- 80073.00
Trash Expense
- 0.00
Uncovered Spaces
- 0.00
Vacancyallowance
- 9177
Water Sewer Expense
- 0.00
Water Source
- Public
Year Built
- 1923
Year Built Source
- Assessor
Zoning
- LBR2N