$2,250,000
$2,295,000
2.0%For more information regarding the value of a property, please contact us for a free consultation.
3441 E Wilton ST Long Beach, CA 90804
Key Details
Sold Price $2,250,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Circle (Ca)
MLS Listing ID PW18025353
Sold Date 05/11/18
HOA Y/N No
Year Built 1960
Property Description
The property is located in Eastside Long Beach just west of the Traffic Circle and near the intersection of Redondo Avenue and Pacific Coast Highway. Additionally, California State University, Long Beach, which serves nearly 40,000 students, is just two miles away. This area is a strong rental market with low vacancy rates.
The offering is a two-story building that was constructed in 1960 and contains eight one-bedroom and three studio units, which are separately metered for gas and electricity. The property also features shared laundry and eight single-car garages; parking is a highly coveted amenity in this market and demands premium rates.
3441 East Wilton Street presents an excellent opportunity for an astute investor to add value and capture substantial upside in rents.
Location
State CA
County Los Angeles
Area 3 - Eastside, Circle Area
Zoning LBR3T
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 8.0
Garage Description 8.0
Pool None
Community Features Urban
Total Parking Spaces 8
Private Pool No
Building
Lot Description Rectangular Lot
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7259003023
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with General NONMEMBER • CRMLS