420 Almond Avenue Long Beach, CA ^$ 2,300,000

420 Almond Avenue

^$ 2,300,000

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420 Almond Avenue

Long Beach, CA, 90802

^$ 2,300,000

Bedrooms11 Baths3.0 Sq 5,392

Monthly Estimate*

^$ 16,066

Listed by Keller Williams - Santa Monica

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420 Almond Avenue, Long Beach, CA 90802 - Image 11

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Multi-Family Home for sale in Long Beach, CA

for $2,300,000 with 11 bedrooms and 3 full baths. This 5,392 square foot home was built in 1972 on a lot size of 0.1555.

420 Almond Avenue is a 9-unit apartment asset located in Long Beach, California. The property is offered at 11.90 GRM and 5.56% cap rate on current rents. The property is comprised of (7) 1BD / 1BA units and (2) 2BD / 2BA units. Six (6) garages offer the potential for ADU conversion. Eight of the nine units have been fully remodeled with recessed lighting, new flooring, new kitchen countertops, cabinetry, and stainless steel appliance, new bathrooms, and modern fixtures and features throughout. Renovated units offer in-unit washers and dryers. The property is located withing walking distance to popular 4th Street/Retro Row shopping and dining amenities.

Multi-Family Pending

Price

^$ 2,300,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

MixedUse

Lot Size

0.1555

Year Built

1972

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

PW23227566

Days on Market

135

Features

General

Sewer PublicSewer

Zoning LBR3T

Garage Spaces 6.0

Pool Features None

Year Built 1972

Stories 2

Levels Two

Property SubType MixedUse

Gross Income 187462.0

Community Features Sidewalks

County Los Angeles

Net Operating Income 127807.0

Operating Expense 59655.0

Insurance Expense 5400.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Subdivision Name Alamitos Beach (AB)

Garage Y/N Y

Special Listing Conditions Standard

Status Pending

Directions E 4th St

City Long Beach

Entry Location 1

View Y/N N

Senior Community Y/N N

Open Parking Spaces 0.0

Total Units 9

MLS Area 4 - Downtown Area Alamitos Beach

Lot Size Square Feet 6772.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Almond

Listing Terms Cash CashtoNewLoan Item1031Exchange

Property Attached Y/N Y

Land Lease Y/N N

Electric Expense 1128.0

Home Warranty Y/N N

Fuel Expense 1128.0

Trash Expense 1128.0

Water Sewer Expense 1128.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N Y

Days on Market 87

Building Area Units SquareFeet

Standard Status Pending

Year Built Source Assessor

Tax Lot 21

Property Sub Type Additional MixedUse

Taxes 28570.0

Cap Rate 5.56

Exterior

Lot Features Item610UnitsAcre

Water Source Public

Total Parking 6.0

Lot Size Area 6772.0

Number of Buildings 1

Spa N

Building Area Total 5392.0

Lot Size Acres 0.1555

Lot Size Units SquareFeet

Lot Size Source Assessor

Number of Separate Water Meters 1

Number of Separate Gas Meters 9

Number of Separate Electric Meters 9

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 2

Common Walls Item2CommonWalls

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Street Suffix Avenue

Laundry Features Inside

Entry Level 1

Electric On Property Y/N N

Internal Only

Street Number 1 420

* Excluded Features

List By

Keller Williams - Santa Monica

Broker

(310) 774-3740

Phone

Affordability Calculator

$16,066

Per Month

Monthly Principal & Interest: $16,066
Monthly Property Taxes: --
Monthly Home Insurance: --

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Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Long Beach, CA

Average List Price ^$2,084,846

Percent of Sale Price 9%

About Long Beach, CA

470,090 Population

2% Since 2002

^$57,916 Median Income

35.78 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/28/2024	$2,300,000	-3.97%	Price Down
2/16/2024	$2,395,000	-2.24%	Price Down
1/10/2024	$2,450,000		Listed Price

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420 Almond Avenue, Long Beach, CA, 90802 is a Multi-Family Home for sale at $2,300,000 with 5,392 sqft and a lot size of 0.1555. 420 Almond Avenue has 11 bedrooms, 3.0 baths, and was built in 1972. The property's zip code is 90802 which is in Long Beach, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/23/2024. 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, 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.

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420 Almond Avenue

Multi-Family Home for sale in Long Beach, CA

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