2223 Myrtle Avenue, Long Beach, CA 90806
  • MLS#: OC24121701 ( Apartment )
  • Street Address: 2223 Myrtle Avenue
  • Viewed: 1
  • Price: $3,595,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1959
  • Bldg sqft: 0
  • Days On Market: 155
  • Additional Information
  • County: LOS ANGELES
  • City: Long Beach
  • Zipcode: 90806
  • Subdivision: Other (othr)
  • Provided by: Mike Marcu, Broker
  • Contact: Mike Mike
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    the opportunity to acquire 2223 Mrytle, a 14 unit secured access community located in Long Beach, California. The property has recently undergone significant renovations. Exterior upgrades include new windows, new paint, new garage door hardware, lighting, security gates, intercom system, stairway upgrades and a fresh slurry and stripped parking lot, along with professional landscaping upgrades. Interior kitchen upgrades include new custom cabinets and hardware, modern quartz counter tops, new stainless steel appliances (including refrigerator, dishwasher, microwave, and stoves), new sinks, and custom facets. Bathroom upgrades include new custom cabinets and counter tops, new bathtubs, and custom tile enclosures. Flooring and custom lighting is new throughout the interior. Upstairs units have vaulted ceilings, creating a spacious feel. The buildings electrical system has new subpanels, each unit has an individual water heater and tenant pay they own gas and electricity. A RUBS system has been initiated for water and sewer expenses. Every living room and bedroom has a newer a/c unit. The property is located within a walkable distance to many nearby points of interest such as Long Beach City College, MLK Jr. Park, and PCH. This prime location, when paired with the high quality renovations allow 2223 Mrytle to easily capitalize on a large potential tenant base and strong local economy.
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Features
Association Fee
  1. 0.00
Building Area Total
  1. 8632.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 1 Common Wall
Country
  1. US
Days On Market
  1. 358
Electric Expense
  1. 3325.00
Entry Location
  1. 1st & 2nd Floor
Fuel Expense
  1. 1000.00
Garage Spaces
  1. 3.00
Gardner Expense
  1. 1200.00
Insurance Expense
  1. 8374.00
Laundry Equipment Own Lease
  1. Lease
Laundry Features
  1. Common Area
Laundry Income
  1. 924.00
Levels
  1. Two
Lot Features
  1. 36-40 Units/Acre
  2. Landscaped
Netoperatingincome
  1. 215936.00
Newtaxesexpense
  1. 47312.00
Number Of Separate Electric Meters
  1. 15
Number Of Separate Gas Meters
  1. 15
Number With Disposal
  1. 14
Number With Range
  1. 14
Number Wit Hrefrigerator
  1. 14
Otherexpense
  1. 3805.00
Otherexpensedescription
  1. Admin.
Otherincome1
  1. 2400.00
Otherincome2
  1. 3072.00
Otherincomedescription
  1. RUBS
  2. Pet Rent
  3. Misc.
Parcel Number
  1. 7211014032
Parking Features
  1. None
Pool Features
  1. None
Professionalmanagementexpense
  1. 15946.00
Property Type
  1. Apartment
Roof
  1. Asphalt
Security Features
  1. Gated Community
Sewer
  1. Sewer Paid
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 416975007:CRM
Subdivision Name Other
  1. none
Tenant Pays
  1. Cable TV
  2. Electricity
  3. Gas
Totalexpenses
  1. 94301.00
Trash Expense
  1. 443.00
Uncovered Spaces
  1. 8.00
Vacancyallowance
  1. 9335
Water Sewer Expense
  1. 5389.00
Water Source
  1. Public
Year Built
  1. 1959
Year Built Source
  1. Assessor
Zoning
  1. LBR1N