$2,425,000
$2,425,000
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8,145 Sqft Lot
SOLD DATE : 01/20/2022
Key Details
Sold Price $2,425,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Willmore District (Wm)
MLS Listing ID PW21218127
Sold Date 01/20/22
HOA Y/N No
Year Built 1916
Lot Size 8,145 Sqft
Property Description
325 W. 10th Street is a 9-unit investment asset in the up-and-coming Willmore City Historic District, just north of Downtown Long Beach. The property offers (8) one-bedroom/one-bath apartments, with laminate wood or vinyl plank flooring, and a remodeled two-bedroom/one-bath house in
the rear. The house is master leased with sub-lease tenants providing exceptional income. A laundry room with machines owned by the building provides existing income, as do the two garages and three parking spaces. Both laundry and parking income have the potential to be increased. This property is in very close proximity to all of the exciting amenities and employment opportunities in Downtown Long Beach. The location is popular for commuters because it provides easy access to the 710 and 405 freeways as well as the Metro Blue Line which runs between Downtown Long Beach and Downtown Los Angeles, with 22 stops along the way. 325 W. 10th Street offers an investor the opportunity to own a solid asset in an up-and-coming area adjacent to booming Downtown Long Beach.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Zoning LBPD10
Rooms
Ensuite Laundry Laundry Room
Interior
Laundry Location Laundry Room
Fireplace No
Laundry Laundry Room
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Urban
Total Parking Spaces 5
Private Pool No
Building
Lot Description 6-10 Units/Acre
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 7272006035
Energy Description 4825.0
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Anthony Walker • Buckingham Investments, Inc
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Realtor® | Lic# 01332311