Long Beach, CA 90806,1241 E Wesley Dr
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Long Beach, CA 90806,1241 E Wesley Dr
Long Beach, CA 90806,1241 E Wesley Dr
Long Beach, CA 90806,1241 E Wesley Dr

$800,000

Est. payment /mo
Est.Price: ?

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1241 E Wesley Dr Long Beach, CA 90806

6 Beds

5 Baths

2,576 SqFt

SOLD DATE : 08/31/2021

Key Details

Property Type Residential Income

Listing Status Sold

Purchase Type For Sale

Square Footage 2,576 sqft

Price per Sqft $328

MLS Listing ID 21-763586

Bedrooms 6

Year Built 1929

Lot Size 6,534 Sqft

Property Description

Five unit investment property located within an Opportunity Zone of Long Beach. Listed for a modest $160,000 per unit, this late 1920's construction property consists of six bedrooms and five bathrooms. Every unit stands independent, with no common walls. Four buildings provide one bedroom and one bathroom each. The fifth building, located at the rear of the property, contains two bedrooms and one bathroom. Units are separately metered for gas and electricity. Renovations have included over half of the windows being replaced with double-pane windows and roofs are five years new. Rear alleyway access provides the opportunity to create a minimum of 5 personal parking spaces for tenants. With additional renovations, and the substantial rental upside potential, investors could net an 8.20% cap rate at market rents. *SOLD AS-IS* **DO NOT DISTURB TENANTS**

Location

State CA

County Los Angeles

Area Poly High

Zoning LBR2N

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Window Unit(s)

Equipment None

Exterior

Garage Public, Driveway - Concrete

Garage Spaces 5.0

Building

Story 1

Others

Special Listing Condition Standard

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TheMLS (CLAW)
Listed by Lyon Stahl Investment Real Estate, Inc.
Bought with Seal Real Estate

Scott Goshorn

Director- Luxury Estates | License ID: 01964409

+1(323) 251-5479

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