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Jim, Justin and Vickie, Sales Associate
SOLD
$1,600,000
Date 03/29/2024

1531 W 19th Street #1-6
Long Beach, CA 90810

Mixed Use
Residence
3,898
Sqft
0.1528
Lot Size
Listing Agent: Paul Gustin CalDRE: 01179144 - Coldwell Banker Realty, 562-301-7656

Description for 1531 W 19th Street #1-6 Long Beach, CA 90810

Outstanding opportunity to bolster your investment portfolio with this bread and butter 6 unit residential income property in West Long Beach, CA. All units are 2 bedrooms and one bathroom with updated interiors. The six units are rented with the property offering a 6.02% cap rate and 11.87 GRM based on current rents, 2023 actual expenses and an estimated new property tax amount. 12 uncovered, tandem parking spaces located in the rear of the building and a convenient onsite laundry room. Popular rental area of Long Beach with close proximity to the Port, Harbor, Terminal Island and neighboring cities such as San Pedro, Harbor City and Torrance. This property has been well maintained and self-managed by owners for over 15 years.

Property Details

PW24021012
Mixed Use, 2 Story
Los Angeles
1959
0.1528 Acres
See Remarks
2
Unknown
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Listing Agent: Paul Gustin CalDRE: 01179144 - Coldwell Banker Realty, 562-301-7656
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Jim, Justin and Vickie Dean Stalter, Broker DRE# 00625377 - 30221 Golden Lantern Ste. A-B, Laguna Niguel, CA 92677 | Phone: (949) 464-8136 | Email: [email protected]

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