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    126 Esperanza Avenue

    Long Beach, CA 90802
    • $1,500,000
    • STATUS: Active
    • ON SITE: 167 days
    • ID#: PW20015227
    Price Reduced
    UPDATED: 64 min ago
    $1,500,000
    • 0
      BEDS
    • 0.05
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,655
      SQFT
    • $410
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1925
    County:

    School Ratings & Info

    Description

    126 Esperanza Avenue is a four-unit property in highly desirable Alamitos Beach, in close proximity to East Village Arts District and booming DTLB. Rents in this area are typically 19% higher than other neighborhoods of Long Beach. Built in the 1920's, the property offers beautiful hardwood floors, tiled fireplaces, wood built-ins and aesthetic period detailing. The meticulously maintained property features copper plumbing throughout, as well as laundry machines owned by the seller and included. Tenants pay for their own gas and electric, keeping the building's utility expenses low. This investment asset offers an investor an attractive, well-kept property in one of the most desirable Southern California submarkets with 16% rental upside potential.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-07-08T19:30:11.827. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Accardo Real Estate Associates | Compass. Licensed in the State of California, USA.

    www.naylorproperties.com/homes/102506373
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    126 Esperanza Avenue Long Beach, CA 90802

    • Price: $1,500,000
    • Status: Active
    • Updated: 64 min ago
    • ID#: PW20015227
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.05
    Acres
    3,655
    SQFT
    $410
    $/SQFT
    1925
    Built
    Neighborhood:
    Alamitos Heights (Ah)
    County:
    Los Angeles
    Area:
    4 - Downtown Area, Alamitos Beach
    Property Description
    126 Esperanza Avenue is a four-unit property in highly desirable Alamitos Beach, in close proximity to East Village Arts District and booming DTLB. Rents in this area are typically 19% higher than other neighborhoods of Long Beach. Built in the 1920's, the property offers beautiful hardwood floors, tiled fireplaces, wood built-ins and aesthetic period detailing. The meticulously maintained property features copper plumbing throughout, as well as laundry machines owned by the seller and included. Tenants pay for their own gas and electric, keeping the building's utility expenses low. This investment asset offers an investor an attractive, well-kept property in one of the most desirable Southern California submarkets with 16% rental upside potential.
    Exterior Features

    Garage Spaces 0.00 Lot Features 2-5 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 0.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features CommunityIndividual Room

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features SidewalksUrban Country Us Electric Expense 346.00 Elevation Units Feet Fuel Expense 346.00 Gardener Expense 300.00 Gross Income 75639.00 Gross Scheduled Income 79620.00 Insurance Expense 1645.00 Land Lease YN No Laundry YN Yes Licenses Expense 500.00 Maintenance Expense 1800.00 Net Operating Income 46935.00 New Construction YN No New Taxes Expense 18750.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 4 Operating Expense 28704.00 Other Expense 900.00 Other Expense Description Reserves Pest Control Expense 400.00 Professional Management Expense 3026.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Alamitos Heights (Ah) Total Expenses 28704.00 Trash Expense 346.00 Water Sewer Expense 346.00 Water Source Public Year Built Source Assessor Zoning Lbr4r

    Listing provided courtesy of Robert Stepp of Keller Williams - Santa Monica and Mark Witsken of Keller Williams-Santa Monica


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-07-08T19:30:11.827. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Accardo Real Estate Associates | Compass. Licensed in the State of California, USA.

     
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    Accardo Real Estate Associates | Compass
    1820 S. Elena Ave. Ste. H
    Redondo Beach CA, 90064