10 Esperanza Ave
Long Beach, CA 90802
Multifamily Property For Sale
·
4 Units
Property Facts
| No. Units | 4 | Lot Size | 0.05 AC |
| Property Type | Multifamily | Building Size | 3,440 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1919 |
| Building Class | C | ||
| Zoning | LBR4R | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 3,440 SF |
| No. Stories | 2 |
| Year Built | 1919 |
| Zoning | LBR4R |
About 10 ESPERANZA AVE , LONG BEACH, CA 90802
Rents increased $600, per month, new rental income of $5,650 will take effect in 60 days. Well located 4-plex in Alamitos Beach, 1/2 block from the beach and a few blocks from downtown Long Beach. The property is comprised of (4), large 1-bedroom/1-bath units. These large units are well below market and offer a new investor the opportunity to increase rents and immediately add value to the asset. These classic Spanish units come with hardwood flooring, spacious living rooms and dining rooms, original built-in's with extra storage. All the units are charming and in good condition. The building is situated just steps from the ocean, but they are also adjacent to the $6 billion in new development coming to the surrounding area of Long Beach. That includes the $520 million Civic Center project, $250 million Queen Mary Island waterfront development, and $52 million Long Beach Aquarium expansion.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $1,535 | - |
Property Taxes
| Parcel Number | 7265-014-042 | Improvements Assessment | $459,329 |
| Land Assessment | $853,041 | Total Assessment | $1,312,370 |
Property Taxes
