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420 Almond Avenue Long Beach, CA 90802
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Key Details
Sold Price $2,125,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 5,392 sqft
Price per Sqft $394
Subdivision Alamitos Beach
MLS Listing ID PW-23227566
Sold Date 05/24/24
Year Built 1972
Lot Size 6,772 Sqft
Property Description
420 Almond Avenue is a 9-unit apartment asset located in Long Beach, California. The property is offered at 11.90 GRM and 5.56% cap rate on current rents. The property is comprised of (7) 1BD / 1BA units and (2) 2BD / 2BA units. Six (6) garages offer the potential for ADU conversion. Eight of the nine units have been fully remodeled with recessed lighting, new flooring, new kitchen countertops, cabinetry, and stainless steel appliance, new bathrooms, and modern fixtures and features throughout. Renovated units offer in-unit washers and dryers. The property is located withing walking distance to popular 4th Street/Retro Row shopping and dining amenities.
Location
State CA
County Los Angeles
Zoning LBR3T
Interior
Laundry Inside
Exterior
Parking Features Gated
Garage Spaces 6.0
Pool None
Community Features Sidewalks
Building
Lot Description 6-10 Units/Acre
Sewer Public Sewer
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