See all 12 photos

$2,450,000

Est. payment - /mo

Save

1 Bed

2 Baths

6,503 Sqft Lot

Pending

1360 Euclid Avenue Long Beach, CA 90804

Save

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Sat

May

Sun

May

Mon

May

Richard Combs

[email protected] +1(619) 838-9307

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Pending

Purchase Type For Sale

MLS Listing ID PW24249846

Bedrooms 1

HOA Y/N No

Lot Size 6,503 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

**SELLER FINANCING AVAILABLE**Discover this charming Spanish-style 13-unit apartment building nestled in the heart of Long Beachs vibrant East Side neighborhood. Combining timeless architectural appeal with modern upgrades, this property presents an exceptional opportunity for investors seeking a value-add asset with significant income potential. With a remarkable 35% upside in rents, a new owner can unlock tremendous cash flow while capitalizing on the extensive improvements already completed. Improvements include the installation of 13 new wall heaters (1990), a full repipe of gas lines (1998), a complete replacement of water supply lines (2006),14 new electric meters (1990), double-pane vinyl windows throughout (2017), new 100 gallon water heater (2022), and all ABS plastic drain lines. The original floor plans also offer an opportunity for reconfiguration to unlock even more rental income potential. This reconfiguration has already been completed on unit #10. Seller financing is available for qualified buyers. Seller's will consider carrying financing with 25% down, 5% interest rate, and up to a 10 year loan term. Financing terms are dependent on offer price.
**SELLER FINANCING AVAILABLE**Discover this charming Spanish-style 13-unit apartment building nestled in the heart of Long Beachs vibrant East Side neighborhood. Combining timeless architectural appeal with modern upgrades, this property presents an exceptional opportunity for investors seeking a value-add asset with significant income potential. With a remarkable 35% upside in rents, a new owner can unlock tremendous cash flow while capitalizing on the extensive improvements already completed. Improvements include the installation of 13 new wall heaters (1990), a full repipe of gas lines (1998), a complete replacement of water supply lines (2006),14 new electric meters (1990), double-pane vinyl windows throughout (2017), new 100 gallon water heater (2022), and all ABS plastic drain lines. The original floor plans also offer an opportunity for reconfiguration to unlock even more rental income potential. This reconfiguration has already been completed on unit #10. Seller financing is available for qualified buyers. Seller's will consider carrying financing with 25% down, 5% interest rate, and up to a 10 year loan term. Financing terms are dependent on offer price.

Location

State CA

County Los Angeles

Area Long Beach (90804)

Zoning Assessor

Building

Lot Description Curbs

Story 2

Lot Size Range 4000-7499 SF

Others

Monthly Total Fees $161

Acceptable Financing Cash, Seller May Carry

Space Rent $1,135

Listing Terms Cash, Seller May Carry

Listed by Cody Charnell • Sage Real Estate Group, Inc.

GET MORE INFORMATION

Richard Combs

Broker | License ID: 01526804

+1(619) 838-9307

1360 Euclid Avenue Long Beach, CA 90804

Richard Combs

Key Details

Location

Building

Others

GET MORE INFORMATION

Go tour this home

1360 Euclid Avenue