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Explore E Appleton St
$1,699,000
Est. $9,590/mo

1125 E Appleton St, Long Beach, CA 90802

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Multi-Family Home In Bixby Park
9 Beds7 Baths4,520 Sqft
B
Listed by Byron Field

This Spanish Style 7 unit bldg. located adjacent to Retro Row at 1125 E Appleton Street. The bldg. has an excellent unit mix consisting of (1) Studio (non-conforming), (4) 1 -Bedrooms & (2) Large 2-Bedrooms. The 2-bedrooms feature their own laundry rooms along with kitchen dinettes, spacious formal living rooms and large decks. All units are separately metered for gas & electric and the bldg. also offers (3) single car garages for added income. This is a true value-add opportunity with 26% rental upside that would offer a stabilized cap rate of 6.62%.

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Home Details
  • Days on Homes.com: 116
  • Beds: 9
  • Baths: 7
  • Property type: Multi Family
  • Exterior finish: --
  • Year built: 1936
  • Lot size: 0.19
  • Fireplace: no
  • Neighborhood: Bixby Park
  • Zoning: Lbr3s
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MLS Number19471072
Listed05/28/2019
Listing SourceCombined LA Westside - CLAW
Last Updated09/19/2019 05:26:17 GMT-0400 (EDT)
Offered ByKeller Williams Larchmont
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