1660 Park Avenue, Long Beach, CA 90815
  • MLS#: OC24187219 ( Apartment )
  • Street Address: 1660 Park Avenue
  • Viewed: 2
  • Price: $3,100,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1961
  • Bldg sqft: 0
  • Days On Market: 68
  • Additional Information
  • County: LOS ANGELES
  • City: Long Beach
  • Zipcode: 90815
  • Subdivision: Circle (ca)
  • Provided by: Marcus & Millichap RE Invest
  • Contact: Tyler Tyler
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    1660 Park Avenue is a 9 unit multifamily investment property located in Long Beach, CA. 1660 Park Avenue offers a highly desirable mix of exclusively two bedroom units averaging 839 square feet. The property features amenities including 4 single car garages, each with a tandem surface space, screen doors, and an on site laundry facility. Current ownership has recently invested significant capital into upgrades including a new roof and an upgraded main sewer line. 1660 Park Avenue is situated in the highly sought after Park Estates neighborhood of Long Beach. Residents enjoy the propertys prime Long Beach location, with an abundance of hot spots within a 1.5 mile radius of the property. The property is within walking distance of numerous major retail centers surrounding the Los Alamitos Traffic Circle. Additionally, the property is situated in close proximity of both California State University, Long Beach and the Timor Rubin VA Medical Center, two major housing and employment drivers for the city. Furthermore, the propertys close proximity to Recreation Park and the Alamitos Bay provides residents with easy access to an abundance of recreation and leisure activities. The propertys ideal Long Beach location surrounded by an abundance of recreational, educational, and retail amenities are a primary draw for potential renters. This overall demand for well located rental units will be a key driver in the continued growth and success at 1660 Park Avenue.
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Features
Association Fee
  1. 0.00
Building Area Total
  1. 7551.00
Commoninterest
  1. Community Apartment
Common Walls
  1. No Common Walls
Country
  1. US
Days On Market
  1. 37
Electric Expense
  1. 1682.00
Entry Location
  1. First level
Fuel Expense
  1. 1682.00
Garage Spaces
  1. 4.00
Insurance Expense
  1. 7200.00
Laundry Features
  1. Community
Levels
  1. One
Lot Features
  1. Level with Street
Netoperatingincome
  1. 191392.00
Newtaxesexpense
  1. 38573.00
Otherexpense
  1. 6668.00
Otherexpensedescription
  1. Misc
Otherincome1
  1. 2693.00
Otherincomedescription
  1. Misc
Parcel Number
  1. 7220003012
Pool Features
  1. None
Professionalmanagementexpense
  1. 13543.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 422766896:CRM
Subdivision Name Other
  1. Circle (CA)
Totalexpenses
  1. 79464.00
Trash Expense
  1. 1682.00
Uncovered Spaces
  1. 4.00
Vacancyallowance
  1. 8294
Water Sewer Expense
  1. 1684.00
Water Source
  1. Public
Year Built
  1. 1961
Year Built Source
  1. Assessor
Zoning
  1. LBR4R