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2223 Myrtle Ave, Long Beach, CA 90806
0 Beds
0 Baths
n/a sqft

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2223 Myrtle Avenue is a 14-unit investment asset in a rapidly up-and- coming neighborhood in Long Beach priced at 12.70 GRM on actual rents. The property offers (2) two-bedroom/one-bath and (12) one-bedroom/ one-bath units. Twelve of the units are completely remodeled with vinyl plank flooring, custom cabinets, stainless steel appliances, new bathroom vanities, and modern lighting and fixtures throughout. The secure-access building also features ample parking; cheery new paint; new windows; two laundry rooms; and separate meters for gas and electric.
  • Price:
  • $3,425,000
  • Acreage:
  • 0.24
  • Year Built:
  • 1959
  • Listing ID #:
  • PW20010531
  • Street Address:
  • 2223 Myrtle Ave
  • City:
  • Long Beach
  • State:
  • California
  • Postal Code:
  • 90806
  • County:
  • Los Angeles
  • Community:
  • Wrigley Area
  • Subdivision:
  • Wrigley Area (wr)
  • Listing Status:
  • Active
  • Number Of Floors In Unit:
  • Two
  • Number Of Units:
  • 14
  • Stories:
  • 2
  • Total # Of Buildings:
  • 2
  • Unit Total # Of Garages:
  • 3.00
  • Year Built:
  • 1959
  • Year Built Source:
  • Assessor
  • Annual Electric Expenses:
  • 2236.50
  • Annual Insurance Expenses:
  • 3884.00
  • Annual Maintenance Expenses:
  • 7000.00
  • Annual Trash Expenses:
  • 2236.50
  • Annual Water/Sewer Expenses:
  • 2236.50
  • Expenses:
  • 80250.00
  • Gross Income:
  • 256173.00
  • Net Operating Income:
  • 175924.00
  • Operating Expense:
  • 80250.00
  • Approximate Lot Size Range Source:
  • Assessor
  • Conforms To Zoning:
  • Lbr1n
  • Lot Features:
  • 11-15 Units/Acre
  • Lot Square Footage:
  • 10469.00
  • Community Features:
  • Sidewalks, Urban
  • Price Per Square Foot:
  • 396.78
  • Laundry:
  • 1
  • Laundry Description:
  • Individual Room
  • Garage Parking Spaces:
  • 3.00
  • Parking Description:
  • Asphalt, Garage, Tandem Uncovered
  • Parking Spaces:
  • 15.00
  • Uncovered Parking Spaces:
  • 9.00
  • Existing Water:
  • Public
  • Sewage Type:
  • Public Sewer
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo
  • Listing Provided By Robert Stepp of Keller Williams Pacific Estate
  • CRMLS

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