1043 Alamitos Avenue
1043 Alamitos Avenue
$815,000
5
5
2,240
2,240
$364
Sold 8/30/23
Description
We are pleased to offer the opportunity to acquire 1043 Alamitos Avenue, a 3-unit apartment building located in a rapidly evolving neighborhood of Long Beach. 1043 Alamitos Avenue is a unique property that offers a buyer the opportunity to convert the unused garage space into a brand new 1-bedroom ADU unit which will provide an investor with over 95% rental upside potential. Built in 1929, this 2,240 SqFt bungalow style apartment features gated access to the building and a great unit mix of majority...We are pleased to offer the opportunity to acquire 1043 Alamitos Avenue, a 3-unit apartment building located in a rapidly evolving neighborhood of Long Beach. 1043 Alamitos Avenue is a unique property that offers a buyer the opportunity to convert the unused garage space into a brand new 1-bedroom ADU unit which will provide an investor with over 95% rental upside potential. Built in 1929, this 2,240 SqFt bungalow style apartment features gated access to the building and a great unit mix of majority 2-bedroom units. The front two structures have been completed renovated with new bathrooms, restored hardwood floors, new cabinetry, and new utility lines throughout. The property is well-maintained with all units possessing new tankless water heaters, new roofs, and utility lines, but still offers plenty of potential for an investor to capitalize on the incomplete renovations for the 1-bedroom unit and easily convert the garage into a large 1-bedroom ADU.
- Listed by Kamfar Kyle Mirrafati • DRE #01911204 • Brokerage DRE #01469842 • Matthews Real Estate Investment Services
Property Details for 1043 Alamitos Avenue
Zoning
LBR4N
Parcel Number7274008002
Total Units3.0
Living Area2240
Source Living AreaVendor Enhanced
AreaDowntown Area, Alamitos Beach (4)
Vacancy Rate0
Lot Size Area4552
Location
LISTING UPDATED: 08/31/2023 10:57 AM
Property Details for 1043 Alamitos Avenue
Status | Sold |
---|---|
MLS # | 23-259695 |
Days on Market | 106 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1929 |
Lot Size | 0.10 AC / 4,552 SF |
County | Los Angeles County |
Location
Building Information for 1043 Alamitos Avenue
Stories1Residences-Year Built1929Building Size-Lot Size0.10 AC / 4,552 SF
Payment Calculator
$5,055 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1043 Alamitos Avenue
Property History for 1043 Alamitos Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1043 Alamitos Avenue
Taxable ValueLand$359,365Additions$154,322Total$513,687
Tax Record2023$7,280 ($607 / month)
Home Facts
Total Finished SqFt2,240 SqFtAbove Grade Finished SqFt2,240 SqFtLot Size4,552 SqFtStyleMulti-Family Res (5+ Units)Year Built1929ZoningLBR4NCountyLOS ANGELESAPN7274-008-002
Schools near 1043 Alamitos Avenue
This home is within Long Beach Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Lincoln Elementary School PublicK to 5 | ||
Franklin Classical Middle School Public6 to 8 | ||
Polytechnic High School Public9 to 12 | ||
Clear Passage Educational Center Charter9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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