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1444 E 16TH Street

Long Beach, CA 90813
  • $1,690,000
  • STATUS: ACTIVE
  • ON SITE: 11 Days
  • ID#: SB22097789
UPDATED: 32 min ago
$1,690,000
  • 6
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

1444 E 16th Street is a bungalow style 7 unit apartment complex in Long Beach, CA. Located in Central Area of Long Beach with proximity to the A Line (22 mile light rail line), Pacific Coast Highway and the 405 & 710 freeways providing tenants access to a variety of popular dining, retail, entertainment options and high paying employment opportunities. Boasting a walk score of 90, it is a walkers paradise allowing daily errands to be done on foot. The subject property is comprised of four (4) one bed/one bath, (1) two bed/one bath bungalow style units & (2) two bed/one bath units with six (6) total buildings on a 6,474 sqft lot. The property has secure gated entry, copper plumbing, newer stucco and paint, separate gas & electricity meters and individual water heaters keeping landlord expenses to a minimum. Open space in South portion of the parcel provides possible ADU potential. 1444 E 16th Street provides an investor with the opportunity to own an improved asset with 30 percent potential upside in rents and easier to maintain single story units in one of the fastest growing markets in Southern California. No municipal rent control, subject to AB 1482. 1444 E 16th Street is a bungalow style 7 unit apartment complex in Long Beach, CA. Located in Central Area of Long Beach with proximity to the A Line (22 mile light rail line), Pacific Coast Highway and the 405 & 710 freeways providing tenants access to a variety of popular dining, retail, entertainment options and high paying employment opportunities. Boasting a walk score of 90, it is a walkers paradise allowing daily errands to be done on foot. The subject property is comprised of four (4) one bed/one bath, (1) two bed/one bath bungalow style units & (2) two bed/one bath units with six (6) total buildings on a 6,474 sqft lot. The property has secure gated entry, copper plumbing, newer stucco and paint, separate gas & electricity meters and individual water heaters keeping landlord expenses to a minimum. Open space in South portion of the parcel provides possible ADU potential. 1444 E 16th Street provides an investor with the opportunity to own an improved asset with 30 percent potential upside in rents and easier to maintain single story units in one of the fastest growing markets in Southern California. No municipal rent control, subject to AB 1482.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2022 San Diego MLS, Inc. Licensed in the state of California.
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1444 E 16TH Street Long Beach, CA 90813

  • Price: $1,690,000
  • Status: ACTIVE
  • On Site: 11 Days
  • Updated: 32 min ago
  • ID#: SB22097789
6
Beds
0
Baths
0
½ Baths
0.15
Acres
Neighborhood:
Long Beach (90813)
County:
Los Angeles
Area:
Long Beach (90813)
Property Description
1444 E 16th Street is a bungalow style 7 unit apartment complex in Long Beach, CA. Located in Central Area of Long Beach with proximity to the A Line (22 mile light rail line), Pacific Coast Highway and the 405 & 710 freeways providing tenants access to a variety of popular dining, retail, entertainment options and high paying employment opportunities. Boasting a walk score of 90, it is a walkers paradise allowing daily errands to be done on foot. The subject property is comprised of four (4) one bed/one bath, (1) two bed/one bath bungalow style units & (2) two bed/one bath units with six (6) total buildings on a 6,474 sqft lot. The property has secure gated entry, copper plumbing, newer stucco and paint, separate gas & electricity meters and individual water heaters keeping landlord expenses to a minimum. Open space in South portion of the parcel provides possible ADU potential. 1444 E 16th Street provides an investor with the opportunity to own an improved asset with 30 percent potential upside in rents and easier to maintain single story units in one of the fastest growing markets in Southern California. No municipal rent control, subject to AB 1482. 1444 E 16th Street is a bungalow style 7 unit apartment complex in Long Beach, CA. Located in Central Area of Long Beach with proximity to the A Line (22 mile light rail line), Pacific Coast Highway and the 405 & 710 freeways providing tenants access to a variety of popular dining, retail, entertainment options and high paying employment opportunities. Boasting a walk score of 90, it is a walkers paradise allowing daily errands to be done on foot. The subject property is comprised of four (4) one bed/one bath, (1) two bed/one bath bungalow style units & (2) two bed/one bath units with six (6) total buildings on a 6,474 sqft lot. The property has secure gated entry, copper plumbing, newer stucco and paint, separate gas & electricity meters and individual water heaters keeping landlord expenses to a minimum. Open space in South portion of the parcel provides possible ADU potential. 1444 E 16th Street provides an investor with the opportunity to own an improved asset with 30 percent potential upside in rents and easier to maintain single story units in one of the fastest growing markets in Southern California. No municipal rent control, subject to AB 1482.
Exterior Features

Pool N/K Site Sidewalks

Interior Features

Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 1

Property Features

Annual Expense Actual 35252 Buildings 6 Cfd Mello Roos Fee 0.0 Cfd Mello Roos Fee Reflects Year Gross Scheduled Income Actual 111564 Terms CashExchange Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit Number4 4 Unit1 Rent Actual 1140.0 Unit2 Rent Actual 1369.0 Unit3 Rent Actual 1300.0 Unit4 Rent Actual 1350.0 Zoning Other

San Diego MLS logo Listing provided courtesy of Lyon Stahl Investment Real Estate, Inc.. Listing information © 2022 San Diego MLS Inc. Source: CRMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2022 San Diego MLS, Inc. Licensed in the state of California.
 
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