Mohr Real Estate Group

Mohr Real Estate Group

1360 Euclid Avenue Long Beach CA 90804 MLS #PW24249846

1360 Euclid Avenue
Long Beach, CA, 90804
$2,650,000
Beds
0 Baths
SqFt
0.15 Acres
Add
Add
$2,650,000
1360 Euclid Avenue
Long Beach, CA, 90804
MLS #PW24249846 img 0MLS #PW24249846 img 1MLS #PW24249846 img 2MLS #PW24249846 img 3MLS #PW24249846 img 4MLS #PW24249846 img 5MLS #PW24249846 img 6MLS #PW24249846 img 7MLS #PW24249846 img 8MLS #PW24249846 img 9MLS #PW24249846 img 10MLS #PW24249846 img 11MLS #PW24249846 img 12

Property Description


**SELLER FINANCING AVAILABLE**Discover this charming Spanish-style 13-unit apartment building nestled in the heart of Long Beach’s vibrant East Side neighborhood. Combining timeless architectural appeal with modern upgrades, this property presents an exceptional opportunity for investors seeking a value-add asset with significant income potential. With a remarkable 35% upside in rents, a new owner can unlock tremendous cash flow while capitalizing on the extensive improvements already completed. Improvements include the installation of 13 new wall heaters (1990), a full repipe of gas lines (1998), a complete replacement of water supply lines (2006),14 new electric meters (1990), double-pane vinyl windows throughout (2017), new 100 gallon water heater (2022), and all ABS plastic drain lines. The original floor plans also offer an opportunity for reconfiguration to unlock even more rental income potential. This reconfiguration has already been completed on unit #10. Seller financing is available for qualified buyers.

Property Details

Price:
$2,650,000
MLS #:
PW24249846
Status:
Active
Baths:
0
Address:
1360 Euclid Avenue
Type:
Residential Income
Subtype:
Apartment
Subdivision:
Eastside ES
Neighborhood:
3eastsidecirclearea
City:
Long Beach
Listed Date:
Dec 16, 2024
State:
CA
ZIP:
90804
Lot Size:
6,503 sqft / 0.15 acres (approx)
Year Built:
1923

Schools

Interior

Heating
Wall Furnace

Exterior

Community Features
Curbs
Garage Spaces
0.00
Lot Features
11-15 Units/ Acre
Parking Features
None
Parking Spots
0.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public

Financial

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1360 Euclid Avenue
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