Silva Babaian  Realtor, Real Estate Agent, Granada Hills, CA

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    500 51st Street, Long Beach, CA 90805
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    500 51st Street
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    • MLS#: PW25062894 ( Apartment )
    • Street Address: 500 51st Street
    • Viewed: 3
    • Price: $3,885,000
    • Price sqft: $0
    • Waterfront: No
    • Year Built: 1963
    • Bldg sqft: 0
    • Days On Market: 17
    • Additional Information
    • County: LOS ANGELES
    • City: Long Beach
    • Zipcode: 90805
    • Subdivision: Other (othr)
    • Provided by: VPMI, INC.
    • Contact: Daniel Daniel
    • California Regional MLS IDX
    • DMCA Notice
    • Description
      Located in the heart of Long Beach, 15 unit apartment building majority 2 bedrooms (10) and five 1 bedrooms. This building offers a prime investment opportunity with upside in rents. With a diverse pool of tenant base looking for affordable housing there's sure to be a stream of renters. There is also opportunity for additional income with garage spaces as well as potential RUBS income, one side of the building is master metered. Recent cap ex includes a new roof over the 500 side of the property and roof update to the 520 side. All new paint over the entire building. Hand Railings were reinforced on the second floor, walkways were also updated and re done. New flooring in the laundry rooms, a new 100 gallon water heater on the 500 side. And 90% of the units have vinyl plank, all recently installed. With all the work being done recently there is still opportunity for an investor to increase rent and add additional income.
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    Features
    Building Area Total
    1. 11322.00
    Commoninterest
    1. Community Apartment
    Common Walls
    1. 2+ Common Walls
    Country
    1. US
    Electric Expense
    1. 12192.00
    Fuel Expense
    1. 100.00
    Garage Spaces
    1. 11.00
    Heating
    1. Floor Furnace
    Insurance Expense
    1. 9800.00
    Laundry Features
    1. Community
    Levels
    1. Two
    Lockboxtype
    1. Call Listing Office
    Lot Features
    1. 0-1 Unit/Acre
    Netoperatingincome
    1. 146382.00
    Parcel Number
    1. 7130016031
    Pool Features
    1. None
    Professionalmanagementexpense
    1. 9000.00
    Property Type
    1. Apartment
    Sewer
    1. Public Sewer
    Sourcesystemid
    1. CRM
    Sourcesystemkey
    1. 434746092:CRM
    Subdivision Name Other
    1. N Long Beach
    Totalexpenses
    1. 142000.00
    Trash Expense
    1. 10000.00
    Water Sewer Expense
    1. 33171.00
    Water Source
    1. Public
    Year Built
    1. 1963
    Year Built Source
    1. Public Records
    Zoning
    1. LBR4R
    Headshot for Associate Silva Babaian
    1. Silva Babaian / Realtor
    2. Coldwell Banker Exclusive
    3. CalBRE Lic # 01365805
    4. Mobile: 818.414.6744
    5. Fax: 818.338.5836