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$3,100,000

Est. payment - /mo

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7,840 Sqft Lot

Active

1660 Park AVE Long Beach, CA 90815

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Nathan King Real Estate Group

info@kingrealestate.group +1(559) 396-0000

UPDATED:

10/14/2024 09:07 PM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Circle (Ca)

MLS Listing ID OC24187219

HOA Y/N No

Year Built 1961

Lot Size 7,840 Sqft

Property Description

1660 Park Avenue is a 9-unit multifamily investment property located in Long Beach, CA. 1660 Park Avenue offers a highly desirable mix of exclusively two-bedroom units averaging 839 square feet. The property features amenities including 4 single-car garages, each with a tandem surface space, screen doors, and an on-site laundry facility. Current ownership has recently invested significant capital into upgrades including a new roof and an upgraded main sewer line. 1660 Park Avenue is situated in the highly sought-after Park Estates neighborhood of Long Beach. Residents enjoy the property?s prime Long Beach location, with an abundance of hot spots within a 1.5-mile radius of the property. The property is within walking distance of numerous major retail centers surrounding the Los Alamitos Traffic Circle. Additionally, the property is situated in close proximity of both California State University, Long Beach and the Timor Rubin VA Medical Center, two major housing and employment drivers for the city. Furthermore, the property?s close proximity to Recreation Park and the Alamitos Bay provides residents with easy access to an abundance of recreation and leisure activities. The property?s ideal Long Beach location surrounded by an abundance of recreational, educational, and retail amenities are a primary draw for potential renters. This overall demand for well-located rental units will be a key driver in the continued growth and success at 1660 Park Avenue.

Location

State CA

County Los Angeles

Area 3 - Eastside, Circle Area

Zoning LBR4R

Rooms

Ensuite Laundry Common Area

Interior

Laundry Location Common Area

Fireplace No

Laundry Common Area

Exterior

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Curbs, Gutter(s), Sidewalks

Total Parking Spaces 8

Private Pool No

Building

Lot Description Street Level

Story 2

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 7220003012

Energy Description 1682.0

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange

Special Listing Condition Standard

Listed by Tyler Leeson • Marcus & Millichap RE Invest • tleeson@marcusmillichap.com

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Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

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