Listed by Steven Bogoyevac with Steven M. Bogoyevac, Broker

111 W Del Amo Boulevard

Long Beach, CA, 90805

$3,995,000

$322 per ft²
$3,995,000
$322 per ft²
Active
Active
 - For Sale
carpenters-square
12,404 ft²
property_type
Multi-family
calendar
Built 1963
111 West Del Amo Boulevard is an 18-unit apartment building in Long Beach, California. This asset presents a great opportunity for an investor to acquire a partially renovated asset in a strong rental market, continue renovating the property, and capture 42 percent rental upside. 111 West Del Amo Boulevard offers a mix of eight two-bedroom/one-bath and 10 one-bedroom/one-bath units and a competitive amenities package that includes a pool, controlled access, laundry facilities, and 12 single-car garages with tandem driveway parking. The asset boasts several recent improvements, including all new windows, a new pool fence, newer pool equipment, and the recent remodeling of three units with the remodel of a fourth unit currently underway. The property is in a solid rental location with great visibility along Del Amo Boulevard and proximate to schools; Perry Lindsey Middle School is directly across the street, and Dooley Elementary is just down the block. Additionally, the Bixby Knolls Shopping Center is a mile away, offering tenants easy access to a Vons, ALDI, Marshalls, Starbucks, post office, and more.
MLS® ID:
PW23041994
Listed:
3/12/23
Updated:
3/25/23
Coldwell Banker
Frank Ponce
Mobile: (310) 503-4158Email: frank@frankponce.com

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Laundry Description
Common Area

Exterior/Building Features

Lot Size
0.3 acres lot
Lot Details
Rectangular Lot
Sewer
Public Sewer

Other Property Details

Area Name
7 - North Long Beach
Association Amenities
Suburban, Pool
Garage
Yes
Garage Spaces
12
Parking
24
Parking Total
24.0
View
N
County
Los Angeles
Water Source
Public
Pool
Yes
Pool Description
Community
Zoning
LBR1N
Buyer Agency Compensation
2.000

Listing Contact:  

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/25/23. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2023 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 3/25/23 at 1:31 PM UTC

Coldwell Banker
Frank Ponce
Mobile: (310) 503-4158Email: frank@frankponce.com
Contact