$2,650,000
1360 Euclid Avenue
Long Beach, CA, 90804
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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Courtesy of Sage Real Estate. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than Mohr Real Estate Group include the name of the listing broker. Neither the listing company nor Mohr Real Estate Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
1360 Euclid Avenue
Long Beach, CA
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