1315 W 19th Street, Long Beach, CA 90810 | PW20161355 | Berkshire Hathaway HomeServices California Properties

1315 W 19th Street $5,300,000

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    1315 W 19th Street Long Beach, CA 90810

    • 0 Beds
    • 0 Baths
    • 17,322 sq. ft.
    • Multi-Family
    • MLS# PW20161355
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    Views: 30 Days On Market: 69

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    Property Details

    1315 W. 19th Street is a 22-unit multifamily asset in Long Beach, California. The property is situated on an oversized corner lot, and offers an attractive mix of two 1 BD / 1 BA, sixteen 2 BD / 1 BA and four 3 BD / 1 BA units as well as fourteen garages and on-site laundry facilities. Half of the unit interior have been fully renovated with new laminate hardwood flooring, custom shaker-style cabinets, quartz countertops, stainless steel appliances, new bathroom tile and modern lighting, ceiling fans and fixtures throughout. Exterior upgrades include light landscaping and new front and rear building security gates. 1315 W. 19th Street presents a rare opportunity to own in an area of Long Beach where few apartment buildings come on the market. The asset is 95% occupied and offered at a 5.27% cap rate and 12.25 GRM on actual rents, with potential rental upside of +/-14%.

    • General Features
      • Number Of Separate Water Meters 1
      • Number Of Separate Electric Meters 22
      • Number Of Separate Gas Meters 22
      • Number Of Units Total 22
      • Year Built 1963
      • Subdivision Name Westside/South of Willow (WSW)
      • County Or Parish Los Angeles
      • Number Of Buildings 2
      • Community Features Urban
    • Building Features
      • Laundry Features Common Area
      • Levels Two
    • Property Features
      • Lot Size Acres 0.39
      • Lot Features 21-25 Units/Acre
      • Pool Private Y/N 0
      • Pool Features None
      • Parking Total 14.00

    Contact

    Isai Diego

    Isai Diego

    Realtor®

    DRE#02042532

    Lakewood Branch Office DRE 00338699

    Text: 562-653-6444

    Neighborhood

    90810 (Long Beach) Demographics

    33 Median Age
    5,589 Population Density (per sq. mile)
    22% College Educated
    $51,271 Estimated Median Income
    5,049 Estimated Total Home Owners
    4,083 Estimated Total Renters
    55% / 45% Estimated Owner / Renter Divide
    4 Estimated Average Household Size
    37,422 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $515,000 Median Sales Price
    5 Homes Sold
    9 New On Market

    Average Days on Market

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $5,300,000
        8/13/2020 9:58:00 AM New in Database Source New Value: $5,300,000

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        **Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Based on information from California Regional Multiple Listing Service, Inc. as of 10/21/2020 4:45:01 PM. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.