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$ 5,900,000
Est. payment /mo
Pending
367 Gladys Avenue Long Beach, CA 90814
15,120 SqFt
UPDATED:
01/29/2025 02:22 AM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 15,120 sqft
Price per Sqft $390
MLS Listing ID CRPW24241218
HOA Y/N No
Year Built 1964
Lot Size 0.280 Acres
Acres 0.28
Property Sub-Type Other
Property Description
This well-maintained property is located in Alamitos Beach, next to Bixby Park. Considerable value add with approximately 50% in rental upside. This property offers a unit mix with (18) eighteen two-bedrooms and (2) two one-bedroom. Each unit is individually metered for electricity and gas, providing residents with greater control over utility costs. Recent upgrades include copper plumbing, vinyl windows, and a new roof. The property is on two parcels, two ten units each, eliminated the requirement for an onsite manager. This property offers its tenants with ample parking with Ten (10) Enclosed Garages and eight tandem spaces. The units themselves are well-appointed with gas cooking, electric heating, hardwood floors, and ceiling fans, and wall heaters ensuring a comfortable living environment.
Location
State CA
County Los Angeles
Zoning LBR2
Interior
Fireplace No
Laundry Other
Building
Lot Description Other
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 7257009023
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Listed by Christopher Walker • Triqor Group