111 W Del Amo, Long Beach, CA 90805
- $3,640,000
- List Price
- $3,640,000
- Status
- ACTIVE
- MLS#
- PW26237004
- Year Built
- 1963
- Lot Size
- 13,246
- Acres
- 0.30
- Lot Location
- Corner Lot
- Days on Market
- 1
- Property Type
- Multifamily
- Property Sub Type
- Mixed Use
- Neighborhood
- North Long Beach (Nlb)
Property Description
111 West Del Amo Boulevard is an 18-unit apartment building in Long Beach, California. This asset presents a great opportunity for an investor to acquire a partially renovated asset in a strong rental market with 18 percent rental upside. 111 West Del Amo Boulevard offers a mix of eight two-bedroom/one-bath and 10 one-bedroom/one-bath units and a competitive amenities package that includes a pool, controlled access, laundry facilities, and 12 single-car garages with tandem driveway parking. The asset boasts several recent improvements, including all new windows, a new pool fence, newer pool equipment, and the recent remodeling of three units with the remodel of a fourth unit currently underway. The property is in a great location just north of Bixby Knolls, near the Virginia Country Club, and proximate to schools: Perry Lindsey Middle School is directly across the street, and Dooley Elementary is just down the block. Additionally, the Bixby Knolls Shopping Center is a mile away, offering tenants easy access to a Vons, ALDI, Marshalls, Starbucks, post office, and more.
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Additional Information
- Pool Description
- Community
- Garage Spaces Total
- 12
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Detached
- Number Of Units Total
- 18
- Gross Scheduled Income
- $392,052
- Operating Expense
- 174742
Listing courtesy of Listing Agent: Steven Bogoyevac (steve.bogoyevac@marcusmillichap.com) from Listing Office: Steven M. Bogoyevac, Broker.
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.