Sold
111 W Del Amo Boulevard
Long Beach CA, 90805
$3,300,000
$266.04 per sqft
Sold
12,404 sqft
Multi-family
Built in 1963
Listed by Steven Bogoyevac with Steven M. Bogoyevac, Broker 562-436-5800
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.
PW23041994
MLSⓇ ID
March 13, 2023
Listed
March 23, 2024
Updated
Map
111 W Del Amo Boulevard
Long Beach CA, 90805
Interior Features
Laundry Description
Common Area
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.3 Acres
Lot Features
Rectangular Lot
Sewer
Public Sewer
Other Property Details
Area Name
7 - North Long Beach
Days on Market
35
Garage
Yes
Garage Spaces
12
Parking Total
24
View
No
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
Community
Zoning
LBR1N
Buyer Agency Compensation
2%
Listing History
Date | Event | Price |
|---|---|---|
5/18/2023 | Sold | $3,300,000 |
4/25/2023 | Price Change | $3,300,000 -18% |
4/25/2023 | Unknown | — |
Listing Contact: 562-436-5800
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. 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.
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Data last updated on 3/23/2024 at 1:33 AM UTC