Keegan Cin | Realtor® | License # DRE 01971604

Property

Long Beach, CA 90804 1360 Euclid Avenue

1360 Euclid Avenue Long Beach, CA - Image 11360 Euclid Avenue Long Beach, CA - Image 21360 Euclid Avenue Long Beach, CA - Image 3
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1360 Euclid Avenue Long Beach, CA - Image 41360 Euclid Avenue Long Beach, CA - Image 51360 Euclid Avenue Long Beach, CA - Image 61360 Euclid Avenue Long Beach, CA - Image 71360 Euclid Avenue Long Beach, CA - Image 81360 Euclid Avenue Long Beach, CA - Image 91360 Euclid Avenue Long Beach, CA - Image 101360 Euclid Avenue Long Beach, CA - Image 111360 Euclid Avenue Long Beach, CA - Image 12
Presented By: Cody Charnell with Sage Real Estate Group, Inc.; 562-896-3851
  • MLS# PW24249846
  • 12/16/2024
  • Request Tour
  • Request Info
  • Beds • 1
  • Baths • 2
  • SQFT • 4,630
  • Year Built • 1923

Home Details

**SELLER FINANCING AVAILABLE**Discover this charming Spanish-style 13-unit apartment building nestled in the heart of Long Beach’s vibrant East Side neighborhood. Combining timeless architectural appeal with modern upgrades, this property presents an exceptional opportunity for investors seeking a value-add asset with significant income potential. With a remarkable 35% upside in rents, a new owner can unlock tremendous cash flow while capitalizing on the extensive improvements already completed. Improvements include the installation of 13 new wall heaters (1990), a full repipe of gas lines (1998), a complete replacement of water supply lines (2006),14 new electric meters (1990), double-pane vinyl windows throughout (2017), new 100 gallon water heater (2022), and all ABS plastic drain lines. The original floor plans also offer an opportunity for reconfiguration to unlock even more rental income potential. This reconfiguration has already been completed on unit #10. Seller financing is available for qualified buyers. Seller's will consider carrying financing with 25% down, 5% interest rate, and up to a 10 year loan term. Financing terms are dependent on offer price.
Presented By: Cody Charnell with Sage Real Estate Group, Inc.; 562-896-3851

Interior Features for 1360 Euclid Avenue

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesNone
Total Stories2

Other Rooms

Entry Level1

General for 1360 Euclid Avenue

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate3.9
Carport Y/NNo
CityLong Beach
Community FeaturesCurbs
CountyLos Angeles
DirectionsNorth of Anaheim and East of Redondo
Electric Expense0.0
Electric On Property Y/NNo
Entry LocationCourtyard
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income0.0
HOANo
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense0.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashToNewLoan, OwnerWillCarry, OwnerMayCarry
Lot Size Square Feet6503.0
Lot Size UnitsSquareFeet
MLS Area3 - Eastside, Circle Area
MobileHomeRemainsYNNo
Net Operating Income93629.0
New ConstructionNo
Number Of Units Total13
Open Parking Spaces0.0
Operating Expense80073.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Subdivision NameEastside (ES)
Tax Lot6
Trash Expense0.0
Water Sewer Expense0.0
Waterfront Y/NNo
Year Built1923
Year Built SourceAssessor
ZoningLBR2N

Exterior for 1360 Euclid Avenue

Building Area Total4630.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesElevenToFifteenUnitsAcre
Lot Size Acres0.1493
Lot Size Area6503.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters14
Number of Separate Gas Meters1
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesNone
Private PoolNo
SpaNo
Total Parking0.0
Water SourcePublic

Additional Details

Price History

Justin Hughey

Price $2,450,000
MLS#PW24249846
List Date 12/16/2024
Property Type Multi-Family
Request Tour
Request Info

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