Sold

362 E Louise Street

Long Beach CA, 90805

$3,275,000


$339.45 per sqft

Sold

9,648 sqft

Residential

Built in 1964

Listed by Matthew Mahowald with Buckingham Investments, Inc 310 982-7055

Easy to own asset that is a great addition to any portfolio! This clean and well-maintained 12-unit property consists of eight 2bed/1bath units and four 1bed/1bath units with eight garages and private laundry/ storage rooms. The entire property is secured with coded entry and a brand new camera system. Plus, two of the units were recently refurbished and the entire roof is brand new. Each unit is in good condition, offers a functional layout, and provides plenty of space for the tenants to enjoy. Located in the path of progress - this dense rental market is perfect for investors who enjoy low vacancy rates, high market rental rates, and strong long-term appreciation. Close proximity to Bixby Knolls and all the new large scale redevelopment projects (The Beat, The Uptown, Uptown Commons, etc.) by nationally acclaimed developers coming online along the Atlantic corridor brings a ton of long-term value to the local market. Downtown Long Beach, the beach, parks, public transportation, easy freeway access, and other community amenities/ attractions are close by for all to enjoy. Long Beach is resurging due to hundreds of millions of dollars invested in private and public developments, a growing local economy with strong employment, and the increasing demand to "live, work, and play" in this remarkable community.

SB22131119

MLS ID

June 16, 2022

Listed

March 23, 2024

Updated

Map

362 E Louise Street
Long Beach CA, 90805

Interior Features

Total Stories

2


Interior Features

Multiple Staircases, Utility Room


Appliances

Free-Standing Range, Gas Cooktop, Gas Oven, Gas Range, Refrigerator


Laundry Description

Common Area, Laundry Room


Floor Description

Carpet, Laminate, Vinyl


Fireplace

Yes


Fireplace Description

None


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Wall Furnace

Exterior/Building Features

Lot Size

0.28 Acres


Lot Features

Front Yard, Landscaped, Near Park, Near Public Transit


Roof

Composition, Shingle


Sewer

Public Sewer

Other Property Details

Area Name

7 - North Long Beach


Days on Market

38


Garage

Yes


Garage Spaces

8


Parking Total

8


View

No


View Description

None


County

Los Angeles


Water Source

Public


Pool

No


Pool Features

None


Zoning

LBR1N


Buyer Agency Compensation

2.5%

Listing Contact: 310 982-7055 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 3/23/2024 at 1:38 AM UTC

 

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