Long Beach, CA 90806 1956 San Francisco Avenue
$1,399,000
5 more
Presented By: Philip DeMatteo with First Team Real Estate; 562-254-6883
Beds • 1
Baths • 1
SQFT • 5,892
Garage • 4
Year Built • 1955
Home Details
1956 San Francisco Ave, is a well-maintained and professionally managed multi-unit property in Long Beach presents a prime investment opportunity with significant rental upside. Boasting a high square footage count, the building offers spacious units and a functional layout, making it an attractive choice for tenants and investors alike. The property features seven existing units, with the potential to legalize an eighth unit, providing additional income possibilities. Units are modernized upon turnover, with upgrades including LVT flooring replacing carpet, and each unit comes equipped with a stove and refrigerator. Key amenities include: Four garages (two rented separately, two used by owner-occupied units) Street parking available, On-site laundry facility (machines owned by vendor, contracted with All Valley) Trash dumpster on-site, New hot water heater (2024), Lawn sprinkler system and a re-tarred roof and exterior painting within the past 10 years.
Presented By: Philip DeMatteo with First Team Real Estate; 562-254-6883
Interior Features for 1956 San Francisco Avenue
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Total Stories2
Other Rooms
Entry Level1
General for 1956 San Francisco Avenue
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.4
Carport Y/NNo
CityLong Beach
Community FeaturesStreetLights, Sidewalks
CountyLos Angeles
Current FinancingConventional
DirectionsBetween 19th & 20th Street. West of Golden Avenue
Electric Expense491.0
Electric On Property Y/NNo
Entry LocationFront
Expected Active Date 2025-02-21
Fuel Expense2293.0
Garage Spaces4.0
Garage Y/NYes
Gross Income122429.0
HOANo
HOA Fee$0.0
Home Warranty Y/NNo
Insurance Expense0.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, Conventional
Lot Size Square Feet6373.0
Lot Size UnitsSquareFeet
MLS Area5 - Wrigley Area
MaintenanceExpense1152.0
MobileHomeRemainsYNNo
Net Operating Income75833.0
New ConstructionNo
Number Of Units Total7
Operating Expense46596.0
Pool FeaturesNone
PossessionCloseOfEscrow
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer, SewerTapPaid
Special Listing ConditionsStandard
Standard StatusActiveUnderContract
StatusActiveUnderContract
Stories2
Tax Lot9
Taxes$17,500
Tenant PaysAllUtilities
Trash Expense0.0
Water Sewer Expense2293.0
Waterfront Y/NNo
Year Built1955
Year Built SourcePublicRecords
Exterior for 1956 San Francisco Avenue
Building Area Total5892.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesZeroToOneUnitAcre
Lot Size Acres0.1463
Lot Size Area6373.0
Lot Size SourcePublicRecords
Number of Buildings1
Number of Separate Electric Meters8
Number of Separate Gas Meters8
Number of Separate Water Meters1
Open Parking Y/NNo
Pool Charge0.0
Private PoolNo
SpaNo
Total Parking4.0
Water SourcePublic
Additional Details
Price History
Alexandra Eston
Sales Associate
Price
$1,399,000
MLS#PW25035560
List Date
02/19/2025
Property Type
Multi-Family
Phone
(562) 537-4182
