Long Beach, CA 90804,1360 Euclid AVE
Long Beach, CA 90804,1360 Euclid AVE
Long Beach, CA 90804,1360 Euclid AVE
13
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$2,650,000
Est. payment /mo
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6,503 Sqft Lot
Active

1360 Euclid AVE Long Beach, CA 90804

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UPDATED:

12/16/2024 03:53 PM

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRPW24249846

Originating Board California Regional MLS

Year Built 1923

Lot Size 6,503 Sqft

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.

Location

State CA

County Los Angeles

Area 3 - Eastside, Circle Area

Interior

Heating Wall Furnace

Laundry None

Exterior

Parking Features No Parking

Pool None

Building

Water District - Public

Others

Tax ID 7253008006

Special Listing Condition Not Applicable


MLS Listing IDX PLUS
Listed by Cody Charnell • Sage Real Estate

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5450 Thornwood Dr Ste F, San Jose, California, 95123, USA

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