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    1030 E Hill Street

    Long Beach, CA 90806
    • $2,674,000
    • STATUS: Active
    • ON SITE: 91 days
    • ID#: PW21137003
    UPDATED: 124 min ago
    $2,674,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1987
    County:

    School Ratings & Info

    Description

    8 unit apartment building, built in 1987, site plan consists of an at grade parking structure with four units on the second floor and four units on the third floor. Eleven total onsite parking spaces plus two street parking spaces right in front of the building. Moat units have been updated within the last five years. Stable tenant mix. Upside potential in rents. Close to the freeway, dining, and amenities. Located adjacent to the Signal Hill area of Long Beach.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-24T00:28:30.09. 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 deemed reliable but is not guaranteed accurate by the MLS or Mark Nazzal Real Estate Group | Keller Williams Realty - Redlands Market Center. Licensed in the State of California, USA.
    www.marknazzalrealty.com/homes/118653395
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    1030 E Hill Street Long Beach, CA 90806

    • Price: $2,674,000
    • Status: Active
    • Updated: 124 min ago
    • ID#: PW21137003
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    1987
    Built
    Neighborhood:
    Signal Hill (Sh)
    County:
    Los Angeles
    Area:
    8 - Signal Hill
    Property Description
    8 unit apartment building, built in 1987, site plan consists of an at grade parking structure with four units on the second floor and four units on the third floor. Eleven total onsite parking spaces plus two street parking spaces right in front of the building. Moat units have been updated within the last five years. Stable tenant mix. Upside potential in rents. Close to the freeway, dining, and amenities. Located adjacent to the Signal Hill area of Long Beach.
    Exterior Features

    Lot Features 6-10 Units/Acre Number Of Separate Electric Meters 8 Parking Features ConcreteCoveredDrivewayGarageCommunity Structure Parking Total 11 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Common Walls 2+ Common Walls

    Property Features

    Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 4.2 Common Interest None Community Features CurbsGutter(S)Street LightsSuburbanSidewalks Garage YN Yes Gross Income 2400 Gross Scheduled Income 167291 Insurance Expense 3206 Land Lease YN No Laundry Features Common Area Levels Three Or More Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan1031 Exchange Net Operating Income 112470 New Construction YN No Number Of Separate Gas Meters 8 Number Of Separate Water Meters 0 Number Of Units Leased 8 Operating Expense 54821 Possession Close Of Escrow Rent Control YN No Senior Community YN No Sewer Public SewerSewer Tap Paid Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 163200 Trash Expense 1384 Water Sewer Expense 13643 Water Source Public Zoning Lbr2n

    Listing provided courtesy of Steven Jones of Olympia Capital Corporation


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-24T00:28:30.09. 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 deemed reliable but is not guaranteed accurate by the MLS or Mark Nazzal Real Estate Group | Keller Williams Realty - Redlands Market Center. Licensed in the State of California, USA.
     
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    Mark Nazzal Real Estate Group | Keller Williams Realty - Redlands Market Center
    1473 Ford St., Suite 200
    Redlands CA, 92373