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Jim, Justin and Vickie, Sales Associate
SOLD
$3,597,000
Date 12/01/2023

477 E South Street
Long Beach, CA 90805

Apartment
Residence
9,840
Sqft
0.2394
Lot Size
Listing Agent: Doug Rodermund CalDRE: 01314304 - Morgan Skenderian, [email protected]

Description for 477 E South Street Long Beach, CA 90805

Pleased to present 477 E. South Street near the Bixby Knolls area Long Beach. The 16-unit apartment community is comprised of a desirable unit mix of all 2-Bedroom/1-Bathroom units. The building also offers tenants access to a treelined community courtyard with drought resistant landscaping. There is also a community laundry room for tenants to use. Priced under $250,000/unit the property generates cashflow to a 6.3% CAP Rate on current rents with additional upside for the prudent investor. The community is extremely well located just off Atlantic Avenue restaurants and shops. It also offers easy access to 91, 710, and 405 freeways.

Property Details

PW23173500
Apartment, 2 Story
Los Angeles
1961
0.2394 Acres
Public
2
Public Sewer
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Walk Score measures the walkability of any address, Transit Score measures access to public transit on a scale of 1-100.

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Listing Agent: Doug Rodermund CalDRE: 01314304 - Morgan Skenderian, [email protected]
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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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