
True Property Management | Kurt Galitski
2973 Harbor Blvd #532 Costa Mesa Ca. 92626 (Mail Only)
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866-957-66774108 E BroadwayLong Beach, CA 90803PendingSave
-1BD
-1BA
3424SqFt
UPDATED
Key Details
Property Type Multi-Family, Income Property
Listing Status Pending
Purchase Type For Sale
Square Footage 3,424 sqft
Price per Sqft $803
Lot Size 5,005 Sqft
Year Built 1923
MLS Listing ID PW20149194
Subdivision Belmont Heights (Bh)
Total Units 6
HOA Y/N No
Property Description
4108 E. Broadway is an impeccably renovated six-unit investment property located in Belmont Heights, one of the most popular rental markets in Southern California. The asset is fully stabilized, achieving robust rents for all units. The property offers four 1 BD / 1 BA units in the front building and two studio units in the rear building. A beautifully landscaped courtyard in between provides lounge space as well as BBQ and dining facilities. The property also offers ample parking with four garages and two surface spaces. Extensive interior renovations totaling over $50,000 per unit include new windows and doors, hardwood flooring, custom shaker-style cabinets, quartz countertops, in-unit washer/dryers, stainless steel appliances, new bathroom tile and modern lighting, ceiling fans and fixtures throughout. Exterior renovations include extensive repairs, hardscaping, lighting and new gates and fencing. The Belmont Heights location is desirable for young urban professionals seeking a quiet neighborhood ambiance with accessibility to outdoor activities along with shopping and dining amenities. The property is within minutes to the beach and bike path as well as the popular 2nd Street shopping and dining destination. The seller's renovations and management provide a new buyer with a nearly brand new condition property that is 100% occupied. In total, the tenant base has an average income of approximately $113K, well within range of housing affordability guidelines.
Location
State CA
County Los Angeles
Area 2 - Belmont Heights, Alamitos Heights
Zoning LBR3S
Interior
Laundry Common Area,In Kitchen
Heating Floor Furnace
Exterior
Garage Garage,Uncovered
Garage Spaces 4.0
Pool None
Community Features Urban
Building
Lot Description 6-10 Units/Acre
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Special Sale Standard
Lease Land No
Unit 1
Beds 1
Baths 1
Furnished Unfurnished
Unit 2
Baths 1
Furnished Unfurnished
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Listing provided by Keller Williams - Santa Monica
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