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651 46th Street, Long Beach, CA 90807
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651 46th Street
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  • MLS#: PW24210020 ( Apartment )
  • Street Address: 651 46th Street
  • Viewed: 2
  • Price: $2,895,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1973
  • Bldg sqft: 0
  • Days On Market: 38
  • Additional Information
  • County: LOS ANGELES
  • City: Long Beach
  • Zipcode: 90807
  • Subdivision: Bixby Knolls (bk)
  • Provided by: Keller Williams - Santa Monica
  • Contact: Robert Robert
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    651 E. 46th Street is a 12 unit value add investment asset located in the Bixby Knolls neighborhood of Long Beach. The property offers a new investor 34% total rental upside potential for a 7.8% market cap rate. Situated on a 11,154 square foot lot, the building features all spacious units: (9) 1BD/1BA; (1) 2BD/1BA; (1) 2BD/2BA; and (1) 3BD/2BA. Additionally, the 100% electric building includes copper plumbing throughout. Onsite laundry provides a convenient facility for tenants and an added income stream for the owner. Ten (10) garages and two (2) surface spaces offer the potential to provide additional income as well as ADU opportunities. Located within steps to Aldi and other amenities, the property is also in close proximity to Atlantic Avenue's restaurants, coffee shops and amenities. In recent years the area has become a dynamic locale for exciting new businesses. The Bixby Knolls location offers convenient proximity to both the 710 and 405 freeways, providing quick and easy access to all areas of Southern California.
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Features
Building Area Total
  1. 10062.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 2+ Common Walls
Country
  1. US
Days On Market
  1. 22
Electric Expense
  1. 2140.70
Fuel Expense
  1. 2140.00
Garage Spaces
  1. 10.00
Gardner Expense
  1. 1720.00
Heating
  1. Radiant
Insurance Expense
  1. 12000.00
Laundry Features
  1. Common Area
Levels
  1. Two
Lot Features
  1. 11-15 Units/Acre
Netoperatingincome
  1. 140717.00
Newtaxesexpense
  1. 38022.00
Number Of Separate Electric Meters
  1. 12
Number Of Separate Gas Meters
  1. 12
Otherexpense
  1. 3600.00
Otherexpensedescription
  1. Reserves
Parcel Number
  1. 7135005026
Pest Control Expense
  1. 900.00
Pool Features
  1. None
Professionalmanagementexpense
  1. 11304.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 424881087:CRM
Subdivision Name Other
  1. Bixby Knolls (BK)
Totalexpenses
  1. 85367.00
Trash Expense
  1. 2140.70
Uncovered Spaces
  1. 2.00
Water Sewer Expense
  1. 2140.70
Water Source
  1. Public
Year Built
  1. 1973
Year Built Source
  1. Assessor
Zoning
  1. LBR3S