$1,725,000
$1,750,000
1.4%For more information regarding the value of a property, please contact us for a free consultation.
0.3 Acres Lot
SOLD DATE : 10/18/2019
Key Details
Sold Price $1,725,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Subdivision Bixby Knolls (Bk)
MLS Listing ID PW19140959
Sold Date 10/18/19
HOA Y/N No
Year Built 1959
Lot Size 0.300 Acres
Property Description
We are pleased to present this unbelievable investment property located in Long Beach. Situated on a rare, gated 12,898 sqft. island lot are (4) 3-bed/2 bath mid-century modern units each over 1,200 sqft. and (4) single car garages. The units are situated within (2) 2 story buildings with all units sharing the same floor plan. The 3692 Country Club building has recently had both units upgraded with newer countertops and laminate flooring while the 3690 Country Club building has newer countertops and carpeting. Both buildings have had their electrical systems upgraded and plumbing updated with full copper plumbing. The property generates extra monthly income from their on-site laundry area with (2) coin operated washers and (2) coin operated dryers as well. Over the past few years, Bixby Knolls has seen a huge amount of changes attracting businesses and people from all over. Bixby Knolls offers residents access to popular destinations such as Steelcraft, Bake and Broil and has recently attracted multiple breweries including Liberation Brew Co., Smog City Brewing, and Dutches Brewhouse to name a few. This property has never seen the open market and is an incredible opportunity for an investor and/or owner-user to own a rare trophy property in an area that is rapidly growing, with upward potential in the current rents.
Location
State CA
County Los Angeles
Area 6 - Bixby, Bixby Knolls, Los Cerritos
Zoning LBR2N
Interior
Interior Features Balcony, Block Walls, Laminate Counters, Storage, Tile Counters, Unfurnished
Heating Central
Cooling Central Air
Flooring Carpet, Laminate, Tile
Fireplaces Type None
Fireplace No
Appliance Convection Oven, Gas Range
Laundry Common Area, Inside, Laundry Room
Exterior
Exterior Feature Rain Gutters
Garage Assigned, On Street
Garage Spaces 4.0
Garage Description 4.0
Fence Block, Wrought Iron
Pool None
Community Features Biking, Golf, Gutter(s), Storm Drain(s), Street Lights, Suburban, Sidewalks, Gated
Utilities Available Electricity Connected, Sewer Connected
View Y/N Yes
View Neighborhood, Trees/Woods
Roof Type Rolled/Hot Mop
Accessibility Parking
Parking Type Assigned, On Street
Total Parking Spaces 4
Private Pool No
Building
Lot Description Flag Lot, Lawn, Landscaped, Near Public Transit, Sprinkler System, Sloped Up, Yard
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Architectural Style Mid-Century Modern
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7141018002
Security Features Gated Community
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Financing Trade
Special Listing Condition Standard
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Bought with Kurt Allen • Strand Hill Christies International Real Estate
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "