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4603 E Broadway

Long Beach, CA 90803
  • $3,300,000
  • STATUS: Active
  • ON SITE: 26 Days
  • ID#: SB22145999
$3,300,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1922
County:

School Ratings & Info

Listing Agent(s): Cameron Samimi of Lyon Stahl Investment Real Estate, Inc. (310-425-9838)


Description

Stunning, remodeled 5-unit apartment building, with oceanviews, located just minutes from the beach in BelmontHeights, one of Long Beach's most desirable neighborhoods.This turn-key gem has top-of-the-market rents and zerodeferred maintenance, making it an ideal opportunity for anyinvestor or exchange buyer looking for great cash-flow andextremely low maintenance.With 4,300 SqFt of rentable space, 4603 E Broadway iscomprised of (4) oversized 1Bed/1Bath & (1) loft units, averaging 900sqft each. All units have been tastefully remodeled, featuringhardwood floors, new cabinets, brand new stainless steelappliances and W/D in unit. 4603 E Broadway also features 3garage parking spots, a rare commodity in the city of LongBeach. Beneficial to the new owner, each unit is separatelymetered for gas and electricity.Located in beautiful Belmont Heights, one of Long Beach's TopRental Markets, 4603 E Broadway is just steps away from 2ndSt, an area featuring many hip restaurants, bars andshopping. The upside in the Long Beach market is limitless,with $6 Billion in new capital pouring into projects such as theLong Beach Civic Center, Long Beach Aquarium, OceanAireProject, CSULB Downtown Village, Broadway Block, The Pacificand Queen Mary Island.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-08T00:25:59.26. 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 American Real Estate List & Sell. Licensed in the State of California, USA.
www.americanrealestatehomes.com/homes/130811692
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4603 E Broadway Long Beach, CA 90803

  • Price: $3,300,000
  • Status: Active
  • On Site: 26 Days
  • ID#: SB22145999
0
Beds
0
Baths
0
½ Baths
0.16
Acres
1922
Built
Neighborhood:
2 - Belmont Heights, Alamitos Heights
County:
Los Angeles
Area:
2 - Belmont Heights, Alamitos Heights
Property Description
Stunning, remodeled 5-unit apartment building, with oceanviews, located just minutes from the beach in BelmontHeights, one of Long Beach's most desirable neighborhoods.This turn-key gem has top-of-the-market rents and zerodeferred maintenance, making it an ideal opportunity for anyinvestor or exchange buyer looking for great cash-flow andextremely low maintenance.With 4,300 SqFt of rentable space, 4603 E Broadway iscomprised of (4) oversized 1Bed/1Bath & (1) loft units, averaging 900sqft each. All units have been tastefully remodeled, featuringhardwood floors, new cabinets, brand new stainless steelappliances and W/D in unit. 4603 E Broadway also features 3garage parking spots, a rare commodity in the city of LongBeach. Beneficial to the new owner, each unit is separatelymetered for gas and electricity.Located in beautiful Belmont Heights, one of Long Beach's TopRental Markets, 4603 E Broadway is just steps away from 2ndSt, an area featuring many hip restaurants, bars andshopping. The upside in the Long Beach market is limitless,with $6 Billion in new capital pouring into projects such as theLong Beach Civic Center, Long Beach Aquarium, OceanAireProject, CSULB Downtown Village, Broadway Block, The Pacificand Queen Mary Island.
Exterior Features

Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 5 Parking Total 3 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Cap Rate 3.61 Common Interest Community Apartment Community Features BikingCurbsGolfGutter(S)HikingSidewalks Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 178560 Gross Scheduled Income 178560 Insurance Expense 0 Land Lease YN No Laundry Features Inside Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Conventional Net Operating Income 118965 New Construction YN No Number Of Separate Gas Meters 5 Number Of Separate Water Meters 1 Operating Expense 54238 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 0 Vacancy Allowance Rate 3 Water Sewer Expense 0 Water Source Public Zoning Lbr1n



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-08T00:25:59.26. 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 American Real Estate List & Sell. Licensed in the State of California, USA.
 
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American Real Estate List & Sell
6391 Magnolia Ave., B20
Riverside CA, 92505
Listing Agent(s): Cameron Samimi of Lyon Stahl Investment Real Estate, Inc. (310-425-9838)