2325 North Earl Avenue
2325 North Earl Avenue
$1,385,000
2
5
4,666
4,666
$297
Closed 10/7/21
Description
We are proud to offer a 5-unit apartment building in the Wrigley Area of Long Beach California. The subject property is located at 2325 Earl Avenue, just two blocks East of Pacific Avenue. and three blocks South of Willow Avenue. Located within close proximity to numerous forms of public transportation, a strong Walk Score of 86 indicating most errands can be accomplished by foot. This unit mix consists all two bedrooms/ one-bathroom units that offer a range of floor plans and square footages. Built...We are proud to offer a 5-unit apartment building in the Wrigley Area of Long Beach California. The subject property is located at 2325 Earl Avenue, just two blocks East of Pacific Avenue. and three blocks South of Willow Avenue. Located within close proximity to numerous forms of public transportation, a strong Walk Score of 86 indicating most errands can be accomplished by foot. This unit mix consists all two bedrooms/ one-bathroom units that offer a range of floor plans and square footages. Built in 1964, this property is a two-story garden style building with four enclosed garages in the rear. With approximately 4,666 rentable square feet, and a lot size of 5,325 sq. ft. the property is individually metered for gas and electricity. The income on the property has been very consistent with a sub 3% vacancy rate and very little to no turnover over the past 24 months. Rents have been averaging $1.84 sq.ft. over the past year, but with some interior improvements, and an upcoming vacancy, the rents can be over elevated to over $2 sq.ft. in today’s rental market. With rents 15% below market, an investor looking to “add value” could dramatically improve their cash flow by upgrading the units, bumping rents up to market rate, activating the garages for additional income and thus making this acquisition a valuable addition to any investor’s portfolio.
- Listed by Justin White • DRE #01267826 • Brokerage DRE #01267826 • Justin White
Property Details for 2325 North Earl Avenue
Parking Spaces Total
4
Private PoolNo
Cooling TypeN/K
Total Units5.0
Building TypeAttached
Lot Size SourceAssessor
Living Area4666
Assessor Parcel Number7205-018-022
Location
LISTING UPDATED: 10/08/2021 07:26 AM
Property Details for 2325 North Earl Avenue
Status | Closed |
---|---|
MLS # | PW21037559 |
Days on Market | 23 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1964 |
County | Los Angeles County |
Location
Building Information for 2325 North Earl Avenue
Building/Complex2325 N Earl AveFloor-Stories2Residences-Pet Policy-Year Built1964Building Size-
Payment Calculator
$7,559 per month
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Property Information for 2325 North Earl Avenue
Property History for 2325 North Earl 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.
Schools near 2325 North Earl Avenue
This home is within Long Beach Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 | |||
Charter - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Robinson Academy PublicK to 8 | ||
Polytechnic High School Public9 to 12 | ||
Educational Partnership 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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