Skip To Content

40 63rd Place

Long Beach, CA 90803
  • $4,250,000
  • STATUS: Active
  • ON SITE: 213 Days
  • ID#: PW22235774
UPDATED: 48 min ago
$4,250,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1948
County:

School Ratings & Info

Listing Agent(s): Juan Huizar of Sage Real Estate (562-400-7622)


Description

This 11-unit property is a once in a lifetime opportunity as it was last sold before the 1980s. As the 3rd largest apartment building on The Peninsula, with the 2nd largest lot on The Peninsula, the property features eleven 1 bedroom, 1 bathroom units at approximately 604 SF each. If you are familiar with this area, you know parking is a luxury - have no fear... this property contains 7 garage parking spaces to generate additional income. The property has been well-maintained and features a sunny courtyard for the tenants to enjoy. The location is prime, being a few steps from the water and sand of Alamitos Bay, while only 1 block away from the only restaurant, coffee shop, convenience store, and laundromat on The Peninsula.

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-06-06T22:28:12.357. 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/134546612
Print Image

40 63rd Place Long Beach, CA 90803

  • Price: $4,250,000
  • Status: Active
  • On Site: 213 Days
  • Updated: 48 min ago
  • ID#: PW22235774
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1948
Built
Neighborhood:
Bay Harbour (Byh)
County:
Los Angeles
Area:
1 - Belmont Shore/Park,Naples,Marina Pac,Bay Hrbr
Property Description
This 11-unit property is a once in a lifetime opportunity as it was last sold before the 1980s. As the 3rd largest apartment building on The Peninsula, with the 2nd largest lot on The Peninsula, the property features eleven 1 bedroom, 1 bathroom units at approximately 604 SF each. If you are familiar with this area, you know parking is a luxury - have no fear... this property contains 7 garage parking spaces to generate additional income. The property has been well-maintained and features a sunny courtyard for the tenants to enjoy. The location is prime, being a few steps from the water and sand of Alamitos Bay, while only 1 block away from the only restaurant, coffee shop, convenience store, and laundromat on The Peninsula.
Exterior Features

Lot Features 0-1 Unit/AcreLawn Number Of Separate Electric Meters 11 Parking Features Garage Parking Total 7 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved Roof Shingle Waterfront Features Beach AccessOcean Access

Interior Features

Common Walls 2+ Common Walls Cooling None Cooling YN No Heating Wall Furnace Heating YN Yes

Property Features

Additional Parcels YN No Common Interest Community Apartment Community Features BikingCurbsStorm Drain(S)Street LightsSidewalks Electric Expense 674.52 Fuel Expense 506 Garage YN Yes Gross Income 183532 Gross Scheduled Income 183532 Insurance Expense 12843 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventional Maintenance Expense 36590 Net Operating Income 93923 New Construction YN No New Taxes Expense 62469 Number Of Separate Gas Meters 11 Number Of Separate Water Meters 1 Number Of Units Leased 10 Operating Expense 89608 Pest Control Expense 1251 Property Condition Turnkey Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 151200 Trash Expense 0 Utilities Cable ConnectedElectricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedWater Connected Water Sewer Expense 2460 Water Source Public Zoning Lbr2i



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-06-06T22:28:12.357. 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.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_370462773-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_370462773-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_370462773-1.jpg
Logo
Beach City Brokers | BCB Premier Estates | The Miller Group
1716 South Catalina Avenue
Redondo Beach CA, 90277
Listing Agent(s): Juan Huizar of Sage Real Estate (562-400-7622)