111 W Del Amo, Long Beach, CA 90805
111 W Del Amo, Long Beach, CA 90805
111 W Del Amo, Long Beach, CA 90805
111 W Del Amo, Long Beach, CA 90805
111 W Del Amo, Long Beach, CA 90805
111 W Del Amo, Long Beach, CA 90805
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$ 3,640,000
Est. payment | /mo

0.3 Acres Lot


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$ 3,640,000
Est. payment | /mo
Save

0.3 Acres Lot

Key Details

Property Type Single Family Home, Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Subdivision North Long Beach (Nlb)

MLS Listing ID PW26237004

HOA Y/N No

Year Built 1963

Lot Size 0.304 Acres

Property Sub-Type Mixed Use

Property Description

111 West Del Amo Boulevard is an 18-unit apartment building in Long Beach, California. This asset presents a great opportunity for an investor to acquire a partially renovated asset in a strong rental market with 18 percent rental upside.

111 West Del Amo Boulevard offers a mix of eight two-bedroom/one-bath and 10 one-bedroom/one-bath units and a competitive amenities package that includes a pool, controlled access, laundry facilities, and 12 single-car garages with tandem driveway parking.
The asset boasts several recent improvements, including all new windows, a new pool fence, newer pool equipment, and the recent remodeling of three units with the remodel of a fourth unit currently underway.

The property is in a great location just north of Bixby Knolls, near the Virginia Country Club, and proximate to schools: Perry Lindsey Middle School is directly across the street, and Dooley Elementary is just down the block. Additionally, the Bixby Knolls Shopping Center is a mile away, offering tenants easy access to a Vons, ALDI, Marshalls, Starbucks, post office, and more.

Location

State CA

County Los Angeles

Area 7 - North Long Beach

Interior

Fireplace No

Laundry Common Area

Exterior

Garage Spaces 12.0

Garage Description 12.0

Pool Community

Community Features Suburban, Pool

Total Parking Spaces 12

Private Pool No

Building

Lot Description Corner Lot

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 7132024019

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Steven Bogoyevac Steven M. Bogoyevac, Broker steve.bogoyevac@marcusmillichap.com, DRE #01332755

Nearby Locations

Nick Resendez

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

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111 W Del Amo