Long Beach, CA 90806,2035 Lemon AVE
Long Beach, CA 90806,2035 Lemon AVE
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$1,115,000

$1,098,000

1.5%
Est.Price: ?

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Est. payment /mo

6,534 Sqft Lot


SOLD DATE : 05/25/2021

Key Details

Sold Price $1,115,000

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

Subdivision Other (Othr)

MLS Listing ID TR21037882

Sold Date 05/25/21

Construction Status Turnkey

HOA Y/N No

Year Built 1960

Annual Tax Amount $12,200

Tax Year 2020

Lot Size 6,534 Sqft

Property Description

Well maintained 5-units income property located on a nice residential street. Great mix comprised of a spacious (1) 2bed/2ba 1510 SF house built in 1919 and (4) 1bed/1ba apartment building built in 1960. House has formal Living, Dining and Family Rooms, open Kitchen with granite countertops, direct access to 1 car garage. Periodic updates for house include central air, hardwood and tile floors, newer roof and windows. The four apartment units each has formal living room, spacious bedroom, and kitchen with dining area. Two of the units recently remodeled with new kitchens, granite counters and cabinets, bathrooms with new fixtures, new water heaters and laminate flooring. Each unit is individually metered for electricity and gas. Backyard has new wrought iron gate. 1 car garage plus two parking spaces in rear, additional parking in the driveway and street parking. All units are rented with tenants paying full rent. Low operating expenses with upside rent to achieve more income and additional value. 4.63% CAP at current rents, 6.31% CAP with pro forma rents. Fantastic turnkey investment opportunity. Buyer to conduct own due diligence. Please do not disturb tenants.

Location

State CA

County Los Angeles

Area 7 - North Long Beach

Zoning LBR1N

Interior

Interior Features Granite Counters

Flooring Carpet, Laminate, Tile, Wood

Fireplace No

Appliance Free-Standing Range, Disposal, Range Hood, Water Heater

Laundry Laundry Room, See Remarks

Exterior

Garage Spaces 1.0

Garage Description 1.0

Fence Block

Pool None

Community Features Sidewalks

Utilities Available Electricity Connected, Natural Gas Connected, Water Connected

Total Parking Spaces 3

Private Pool No

Building

Lot Description Front Yard

Sewer Public Sewer

Water Public

New Construction No

Construction Status Turnkey

Others

Senior Community No

Tax ID 7210022020

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Financing Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Eva Wong • Pegasus Financial Inc.
Bought with Maria Sarmiento • West Foothills Market Center Inc
agent-avatar

+1(818) 645-0845

cyrene@cyreneproperties.com

15910 Ventura Blvd. Suite 101 Encino CA 91436, Encino, CA, 91436, USA

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