Address
405 E Esther Street Long Beach, CA
Price
$ 1,850,000
Property Attributes
  • MLS#SB20183356
  • TypeIncome
  • CountyLOS ANGELES
  • CityLong Beach
  • AreaPoly High
  • NeighborhoodPoly High
  • Zip90813
  • Style
  • Price$ 1,850,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage4252
  • Lot Size6,752 SqFt
Listing Provided Courtesy Of:
Anthony Walker with Buckingham Investments, Inc.
Property Description

High yield 7-unit apartment building half a block to a blue line station and steps to numerous new developments. Great unit mix of one 6 Bed/2 Bath unit, three 3 Bed/1 Bath units, one 2 Bed/1 Bath units, one 1 Bed/1 Bath, and one studio. Exterior refresh just completed and 5 out of 7 units remodeled. Super strong income at 12.59X gross on actuals with a 6% upside to market GRM of 11.81X and a 5.5% market cap rate. Qualifies for 75% LTV financing at historically low interest rates. Off-street parking for 4-5 cars. Just North of Downtown Long Beach. Blue lines serves both Downtown Los Angeles and Long Beach. Blocks away from elementary, middle, and high schools.

Price History
9/5/2020 Listed $1,850,000

General Features

Attached Structure Detached
Community Features Urban
Directions North side of street
Garage Spaces 0.00
Levels Two
Listagentaor South Bay
Listing Agent Anthony Walker - BRE#01908153
Listing Agent State License 01908153
MLS Area 9 - Poly High
Pool Features None
Price Per Square Foot 435.09
Sewer Public Sewer
Source System CRMLS
Special Listing Conditions Standard
Subdivision Name Poly High (PH)
Subdivision Name Poly High (PH)
Total Units 7
Zoning LBPD29

Interior Features

1st Bedroom Area Unit Type Square Feet
2nd Bedroom Area Unit Type Square Feet
3rd Bedroom Area Unit Type Square Feet
Common Walls No Common Walls
Laundry Features None
Studio Area Unit Type Square Feet
Total Stories 2

Exterior Features

Building Area Total 4252.00
Lot Features 6-10 Units/Acre
Lot Size Acres 0.1550
Lot Size Area 6752.0000
Lot Size Source Assessor
Lot Size Square Feet 6752.00
Lot Size Units Square Feet
Number of Buildings 3
Number of Separate Electric Meters 8
Number of Separate Gas Meters 7
Number of Separate Water Meters 1
Total Parking 4.00
Uncovered Spaces 4.00
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90813

Price
AVG $1.58M
$1.85M
Visits
AVG 50
66
Year Built
AVG 1933
1923

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.

Areas We Cover