Address
1315 W 19th Street Long Beach, CA
Price
$ 5,300,000
Property Attributes
  • MLS#PW20161355
  • TypeIncome
  • CountyLOS ANGELES
  • CityLong Beach
  • AreaWestside
  • NeighborhoodWestside-South of Willow
  • Zip90810
  • Style
  • Price$ 5,300,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage17322
  • Lot Size0.4 Acres
Listing Provided Courtesy Of:
Robert Stepp with Keller Williams - Santa Monica.
Property Description

1315 W. 19th Street is a 22-unit multifamily asset in Long Beach, California. The property is situated on an oversized corner lot, and offers an attractive mix of two 1 BD / 1 BA, sixteen 2 BD / 1 BA and four 3 BD / 1 BA units as well as fourteen garages and on-site laundry facilities. Half of the unit interior have been fully renovated with new laminate hardwood flooring, custom shaker-style cabinets, quartz countertops, stainless steel appliances, new bathroom tile and modern lighting, ceiling fans and fixtures throughout. Exterior upgrades include light landscaping and new front and rear building security gates. 1315 W. 19th Street presents a rare opportunity to own in an area of Long Beach where few apartment buildings come on the market. The asset is 95% occupied and offered at a 5.27% cap rate and 12.25 GRM on actual rents, with potential rental upside of +/-14%.

Price History
8/13/2020 Listed $5,300,000

General Features

Attached Structure Attached
Community Features Urban
Directions Harbor Ave & PCH
Garage Spaces 14.00
Levels Two
Listagentaor Pacific West
Listing Agent Robert Stepp - BRE#01456379
Listing Agent State License 01456379
MLS Area 11 - Westside
Parking Features Garage
Pool Features None
Price Per Square Foot 305.97
Property Attached Y/N Yes
Sewer Public Sewer
Source System CRMLS
Special Listing Conditions Standard
Subdivision Name Westside/South of Willow (WSW)
Subdivision Name Westside/South of Willow (WSW)
Total Units 22
Zoning LBR2N

Interior Features

1st Bedroom Area Unit Type Square Feet
2nd Bedroom Area Unit Type Square Feet
3rd Bedroom Area Unit Type Square Feet
Common Walls 2+ Common Walls
Laundry Features Common Area
Laundry Y/N Yes
Studio Area Unit Type Square Feet
Total Stories 2

Exterior Features

Building Area Total 17322.00
Lot Features 21-25 Units/Acre
Lot Size Acres 0.3979
Lot Size Area 17334.0000
Lot Size Source Assessor
Lot Size Square Feet 17334.00
Lot Size Units Square Feet
Number of Buildings 2
Number of Separate Electric Meters 22
Number of Separate Gas Meters 22
Number of Separate Water Meters 1
Parking Y/N Yes
Total Parking 14.00
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90810

Price
AVG $2.46M
$5.3M
Visits
AVG 38
79
Year Built
AVG 1945
1963

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