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219 E 10th Street

Long Beach, CA 90813
  • $1,399,000
  • STATUS: Active
  • ON SITE: 98 Days
  • ID#: PW22185548
UPDATED: 22 min ago
$1,399,000
  • 0
    BEDS
  • 0.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1909
County:

School Ratings & Info

Listing Agent(s): Shawn Mohler of The Mohler Real Estate Group (562-505-7953)


Description

What an absolutely fantastic mixed use property on 2 separate lots!! There are 2 large commercial units in the front building with a gorgeous remodeled 3 bedroom 1 bath unit above offering a new kitchen, inside laundry and private balcony off of the primary bedroom. All 3 bedrooms are huge and there is loads of storage. The second building is a duplex with a fully remodeled 1 bedroom, 1 bath on the lower level that has huge rooms and even private inside laundry! There is a spacious 2 bedroom on the second level, also fully remodeled and offers 2 balconies! There is off-street parking for multiple cars behind the gated driveway. The current owner has remodeled all of the residential units to include, new flooring, paint, light fixtures, doors, kitchens, updated bathrooms and all stoves & refrigerators. The commercial units are in wonderful shape occupied by a hair salon and a dog grooming salon. Now, possibly the best part. The current owner has preliminary approval from the City of Long Beach to build 20 micro units! Architectural plans, structural plans, and other related plans have been completed at a cost of roughly $100K. These plans will be given to the new buyer so they can jump start the process right at the finish line! The new buyer could keep this property in it's current state with wonderful tenants or invest in a new larger complex! The Owner has his eye on another larger property and will look at all offers on this one! This is the deal you've been looking for with endless development possibilities!!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-12-01T10:30:09.14. 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 deemed reliable but is not guaranteed accurate by the MLS or Beach City Brokers | BCB Premier Estates | The Miller Group. Licensed in the State of California, USA.
www.tolivebythesea.com/homes/132408679
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219 E 10th Street Long Beach, CA 90813

  • Price: $1,399,000
  • Status: Active
  • On Site: 98 Days
  • Updated: 22 min ago
  • ID#: PW22185548
0
Beds
0
Baths
0
½ Baths
0.13
Acres
1909
Built
Neighborhood:
Downtown (Dt)
County:
Los Angeles
Area:
4 - Downtown Area, Alamitos Beach
Property Description
What an absolutely fantastic mixed use property on 2 separate lots!! There are 2 large commercial units in the front building with a gorgeous remodeled 3 bedroom 1 bath unit above offering a new kitchen, inside laundry and private balcony off of the primary bedroom. All 3 bedrooms are huge and there is loads of storage. The second building is a duplex with a fully remodeled 1 bedroom, 1 bath on the lower level that has huge rooms and even private inside laundry! There is a spacious 2 bedroom on the second level, also fully remodeled and offers 2 balconies! There is off-street parking for multiple cars behind the gated driveway. The current owner has remodeled all of the residential units to include, new flooring, paint, light fixtures, doors, kitchens, updated bathrooms and all stoves & refrigerators. The commercial units are in wonderful shape occupied by a hair salon and a dog grooming salon. Now, possibly the best part. The current owner has preliminary approval from the City of Long Beach to build 20 micro units! Architectural plans, structural plans, and other related plans have been completed at a cost of roughly $100K. These plans will be given to the new buyer so they can jump start the process right at the finish line! The new buyer could keep this property in it's current state with wonderful tenants or invest in a new larger complex! The Owner has his eye on another larger property and will look at all offers on this one! This is the deal you've been looking for with endless development possibilities!!
Exterior Features

Construction Materials Clapboard Fencing Wood Foundation Details Brick/Mortar Lot Features Near Public Transit Number Of Separate Electric Meters 5 Open Parking Spaces 4 Parking Features DrivewayGatedPaved Parking Total 4 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved Roof Flat Spa Features None Spa YN No View City Lights View YN Yes

Interior Features

Appliances Gas OvenRefrigerator Common Walls 2+ Common Walls Flooring CarpetLaminate Heating Wall Furnace Heating YN Yes Interior Features BalconyCeiling Fan(S) Window Features Insulated Windows

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features BikingStreet Lights Current Financing Conventional Exclusions Washer & Dryer in 219.5 10th & All Personal Property. Fuel Expense 0 Garage YN No Gross Income 120864 Gross Scheduled Income 120864 Insurance Expense 0 Land Lease YN No Laundry Features Common AreaInside Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanConventional Net Operating Income 117286 New Construction YN No Number Of Separate Gas Meters 3 Number Of Separate Water Meters 1 Operating Expense 3578 Possession Close Of Escrow Property Condition Turnkey Rent Control YN Yes Security Features Security Lights Senior Community YN No Sewer Private Sewer Special Listing Conditions Standard Tenant Pays ElectricityGasInsurance Trash Expense 118 Utilities Cable ConnectedSewer ConnectedWater Connected Water Sewer Expense 150 Water Source Public Zoning Lbpd29



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-12-01T10:30:09.14. 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 deemed reliable but is not guaranteed accurate by the MLS or Beach City Brokers | BCB Premier Estates | The Miller Group. Licensed in the State of California, USA.
 
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Beach City Brokers | BCB Premier Estates | The Miller Group
1716 South Catalina Avenue
Redondo Beach CA, 90277
Listing Agent(s): Shawn Mohler of The Mohler Real Estate Group (562-505-7953)