367 Gladys Avenue Pending

Long Beach,CA 90814

$ 5900000

- Bed

- Bath

15120 SqFt


Key Details

Property Type Commercial

Sub Type Other

Listing Status Pending

Purchase Type For Sale

Square Footage 15,120 sqft

Price per Sqft $390

MLS Listing ID CRPW24241218

HOA Y/N No

Originating Board Datashare California Regional

Year Built 1964

Lot Size 0.280 Acres

Property Sub-Type Other

Property Description

This well-maintained property is located in Alamitos Beach, next to Bixby Park. Considerable value add with approximately 50% in rental upside. This property offers a unit mix with (18) eighteen two-bedrooms and (2) two one-bedroom. Each unit is individually metered for electricity and gas, providing residents with greater control over utility costs. Recent upgrades include copper plumbing, vinyl windows, and a new roof. The property is on two parcels, two ten units each, eliminated the requirement for an onsite manager. This property offers its tenants with ample parking with Ten (10) Enclosed Garages and eight tandem spaces. The units themselves are well-appointed with gas cooking, electric heating, hardwood floors, and ceiling fans, and wall heaters ensuring a comfortable living environment.

Location

State CA

County Los Angeles

Interior

Fireplace No

Laundry Other

Building

Lot Description Other

Water Public

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