367 375 Gladys AVE Active

Long Beach,CA 90814

$ 5900000

- Bed

- Bath

- SqFt


Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRPW24241218

Originating Board California Regional MLS

Year Built 1964

Lot Size 0.280 Acres

Property Description

This well-maintained property is located in Alamitos Beach, next to Bixby Park. Considerable value add with approximately 50% in rental upside. This property offers a unit mix with (18) eighteen two-bedrooms and (2) two one-bedroom. Each unit is individually metered for electricity and gas, providing residents with greater control over utility costs. Recent upgrades include copper plumbing, vinyl windows, and a new roof. The property is on two parcels, two ten units each, eliminated the requirement for an onsite manager. This property offers its tenants with ample parking with Ten (10) Enclosed Garages and eight tandem spaces. The units themselves are well-appointed with gas cooking, electric heating, hardwood floors, and ceiling fans, and wall heaters ensuring a comfortable living environment.

Location

State CA

County Los Angeles

Area 699 - Not Defined

Interior

Laundry Laundry Area

Exterior

Garage Spaces 18.0

Pool None

Building

Water District - Public

Others

Tax ID 7257009023

Special Listing Condition Not Applicable

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