Description

More pictures: https://www.dropbox.com/sh/y9xdlrcse0h0118/AACSYDUl4Md_2JTyudrdlouja?dl=0


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

Duplex

Year: 1921

Lot: 2,273 sqft

Stories: 2 (2 + 1 UPPER, 1 + 1 LOWER)


Improvements:

- 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


Operating Expenses:

Water: $74/mo

Insurance: $67/mo

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



Property Details

Property Status Expired
Price $356
Estimated Repairs $30
Square Footage 1456
Sq Footage Source
# of Units
Property Management In Place
Seller Financing Available
Publish Date August 22nd, 2016

Seller Information

jdmendoza0524@gmail.com

Member since November 2015

Do your research before making any investment!

Seller assumes all responsibility for the content of this listing.