CASH ONLY. CLOSE IN 7 DAYS.
Under contract. Contract will be assigned to Buyer.
PLEASE DO YOUR DD PRIOR TO CONTACTING ME
DO NOT DISTURB TENANTS.
221 E 10th St Long Beach CA 90813
3 Bed 2 Bath 1,456 sqft
Lot: 2,273 sqft
Stories: 2 (2 + 1 UPPER, 1 + 1 LOWER)
- House was painted 4 years ago
- Roof shingles replaced 5 years ago
- No carpet, hardwood floors throughout
- New windows were replaced on lower unit (1 bed + 1 bath)
House is located behind a commercial building off the main street.
0.5mi away from Downtown Long Beach
1.5mi away from the Pike Outlets
Purchase Price: $350,000
Assignment Fee: $5,000
Repair Estimate: $30,000
- 1+1 tenant complaining of water leaking from ceiling in bathroom and kitchen.
- 1+1 tenant complaining of power outlets not working (only 2 of 6 outlets are working in that unit)
- Sewage line possibly needs replacing
Closing costs: $1,400
EMD: $5,000 (non refundable)
Price paid at closing: $356,400
All-In Price: $386,400
Current Occupancy: 100% (TENANTS ARE MONTH TO MONTH, NO LEASE. ROOM TO RAISE RENTS)
1+1 currently rented at $1,100
2+1 currently rented at $1,150
Property Tax: $83/mo
Current owner only pays for water utility
Each unit is running on separate gas/electric meters. Both units share water meter