477 E South Street Long Beach, CA 90805
Multi-Family (2-4 Units)
MLS #: PTP2407021
Courtesy Of eXp Realty of California, Inc.
$4,400,000
28 beds
|
9,840 sq ft
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Estimated monthly payments:
$19,234/mo.* (recalculate)
Property InformationDescription
Invest in north Long Beach and own this updated 16-unit apartment community. Composed of a desirable unit mix of all 2-bed, 1-bath units across two buildings with a courtyard in between, this property boasts a scheduled CAP rate of 5.05% at 100% occupancy, and significant rent upside. 3 units are vacant and ready for market-rent tenants, and all existing tenants are on month-to-month leases. Five of the 16 units are newly renovated (2024) with updated plumbing, paint, flooring and kitchen finishes. Two of these five units also feature upgraded bathrooms and lighting throughout. More 2024 building updates include all new electrical panels (main and subs), and new water lines to 8 of the 16 units. A community laundry room provides additional income. This apartment building is located near Atlantic Avenue restaurants and shops, the new KB Homes mixed used development Rhythm (under construction), and easy access to the 91, 710 and 405 freeways.
Features
- Age: Over 50 Years Old
- Amenities: Dock
- Architecture Style: Other
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School Information
477 E South Street, Long Beach, CA 90805
Elementary School
Grades KG-8 |
Public School
COLIN POWELL ACADEMY
Long Beach, CA 90805
150 W Victoria St
310.631.8794
Distance: 1.0 mi
School Rating
C-
Student:Teacher Ratio
24:1
Total Students
969
Middle School
Grades KG-8 |
Public School
COLIN POWELL ACADEMY
Long Beach, CA 90805
150 W Victoria St
310.631.8794
Distance: 1.0 mi
School Rating
C-
Student:Teacher Ratio
24:1
Total Students
969
High School
Grades 9-12 |
Public School
JORDAN HIGH SCHOOL
Long Beach, CA 90805
6500 Atlantic Ave
562.423.1471
Distance: 0.9 mi
School Rating
D
Student:Teacher Ratio
22:1
Total Students
2240
| Other Nearby Schools | Distance | Type | Grades | School Rating |
|---|---|---|---|---|
| St Athanasius Elementary School | 0.5 mi | Private | KG-8 | |
| Addams Elementary School | 0.6 mi | Public | KG-5 | C+ |
| Lindbergh Stem Academy | 0.6 mi | Public | 6-8 | C |
| Spectrum Center- Long Beach Middle Market Street | 0.6 mi | Private | 2-12 | |
| Gethsemane Baptist Christian School | 0.6 mi | Private | PK-12 | |
| Bret Harte Elementary School | 0.9 mi | Public | KG-5 | C- |
| Dooley Elementary School | 0.9 mi | Public | KG-5 | C+ |
| Grant Elementary School | 1.0 mi | Public | KG-5 | C |
| Barton Elementary School | 1.1 mi | Public | KG-5 | D |
| Perry Lindsey Academy | 1.1 mi | Public | 6-8 | D |
| Starr King Elementary School | 1.3 mi | Public | KG-5 | B- |
| Hamilton Middle School | 1.5 mi | Public | 6-8 | D |
| Jackson Middle School | 1.9 mi | Public | 4-8 | C |
| Gaines Elementary School | 2.0 mi | Public | KG-3 | B |
| Colin P. Kelly Elementary School | 2.0 mi | Public | KG-8 | B- |
| Mckinley Elementary School | 2.1 mi | Public | KG-5 | B+ |
| St Barnabas Parish School | 2.1 mi | Private | PK-8 | |
| Frank J. Zamboni Middle School | 2.2 mi | Public | 6-8 | C+ |
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.
Demographic Data
Long Beach, CA 90805
| Median Age: | 33.9 |
|---|---|
| Married: | 40% |
| Number of Households: | 25,936 |
| Households with Children: | 42.6% |
Long Beach, CA 90805
Demographic Data
-
Occupancy Types
- 0 Vacant
- 0 Owned
- 0 Rented
-
Transportation to Work
- 0 Drive
- 0 Public Transportation
- 0 Walk / Bike / Other
- 0 Work at Home
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