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

Jeffrey Mendoza

Member since November 2015


Do your research before making any investment!

Seller assumes all responsibility for the content of this listing.