$2,230,000
$2,500,000
10.8%For more information regarding the value of a property, please contact us for a free consultation.
0.59 Acres Lot
SOLD DATE : 02/23/2024
Key Details
Sold Price $2,230,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision North Long Beach (Nlb)
MLS Listing ID PW23028066
Sold Date 02/23/24
HOA Y/N No
Year Built 1936
Lot Size 0.586 Acres
Property Description
475-495 E. Market Street is an 8-unit apartment property with a church situated on an oversized lot of 25,524 square feet in Long Beach, California.
This rare property consists of (4) 1 BD/1 BA units, (3) 2 BD/1 BA units, and (1) 3 BD/2 BA. The 4,000-square foot existing church can be used as-is, or could potentially be used to add additional units*. Ample parking is available on the site, with 21 surface spaces and two (2)garages, which could also be converted to a 1 BD/1 BA ADU. Laundry facilities are located onsite for additional income. The property is well-located with convenient access to the 710 605, and 405 freeways.
Location
State CA
County Los Angeles
Area 7 - North Long Beach
Zoning LBCMR
Interior
Fireplace No
Laundry Inside
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Sidewalks
Total Parking Spaces 25
Private Pool No
Building
Lot Description 6-10 Units/Acre
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 7127022030
Energy Description 6000.0
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Rahul Bhagat • eXp Realty of California Inc
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Broker Associate | Lic# 00870450