Long Beach, CA 90806 2223 Myrtle Avenue

2223 Myrtle Avenue Long Beach, CA - Image 12223 Myrtle Avenue Long Beach, CA - Image 22223 Myrtle Avenue Long Beach, CA - Image 3
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2223 Myrtle Avenue Long Beach, CA - Image 42223 Myrtle Avenue Long Beach, CA - Image 52223 Myrtle Avenue Long Beach, CA - Image 62223 Myrtle Avenue Long Beach, CA - Image 7
Presented By: Mike Marcu with Mike Marcu, Broker; 562-260-0940
  • MLS# OC24121701
  • 06/14/2024
  • Request Tour
  • Request Info
  • Beds • 16
  • Baths • 2
  • SQFT • 8,632
  • Garage • 3

Home Details

the opportunity to acquire 2223 Mrytle, a 14-unit secured access community located in Long Beach, California. The property has recently undergone significant renovations. Exterior upgrades include new windows, new paint, new garage door hardware, lighting, security gates, intercom system, stairway upgrades and a fresh slurry and stripped parking lot, along with professional landscaping upgrades. Interior kitchen upgrades include new custom cabinets and hardware, modern quartz counter tops, new stainless-steel appliances (including refrigerator, dishwasher, microwave, and stoves), new sinks, and custom facets. Bathroom upgrades include new custom cabinets and counter tops, new bathtubs, and custom tile enclosures. Flooring and custom lighting is new throughout the interior. Upstairs units have vaulted ceilings, creating a spacious feel. The building’s electrical system has new subpanels, each unit has an individual water heater and tenant pay they own gas and electricity. A RUBS system has been initiated for water and sewer expenses. Every living room and bedroom has a newer a/c unit. The property is located within a walkable distance to many nearby points of interest such as Long Beach City College, MLK Jr. Park, and PCH. This prime location, when paired with the high-quality renovations allow 2223 Mrytle to easily capitalize on a large potential tenant base and strong local economy.
Presented By: Mike Marcu with Mike Marcu, Broker; 562-260-0940

Interior Features for 2223 Myrtle Avenue

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsItem1CommonWall
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Total Stories2

Other Rooms

Entry Level2

General for 2223 Myrtle Avenue

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate6.0
Carport Y/NNo
CityLong Beach
Community FeaturesCurbs, StreetLights, Suburban, Gated
CountyLos Angeles
Days on Market96
DirectionsAtlantic Avenue to Hill Street east to Myrtle Avenue north
Electric Expense3325.0
Entry Location1st & 2nd Floor
Fuel Expense1000.0
Garage Spaces3.0
Garage Y/NYes
Gross Income8412.0
HOA0.0
Home Owner AssocNo
Home Warranty Y/NNo
Insurance Expense8374.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet10471.0
Lot Size UnitsSquareFeet
MLS Area5 - Wrigley Area
MaintenanceExpense8507.0
MobileHomeRemainsYNNo
Net Operating Income215936.0
New ConstructionNo
NumberOfUnitsTotal14
Open Parking Spaces8.0
Operating Expense94301.0
Pool FeaturesNone
Private PoolNo
Property Sub Type AdditionalApartment
Property SubTypeApartment
Property TypeResidentialIncome
Rent Control Y/NNo
RoofAsphalt
Security FeaturesGatedCommunity
Senior Community Y/NNo
SewerSewerTapPaid
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Subdivision Namenone
Tax Lot27
Taxes$47,312
Tenant PaysCableTV, Electricity, Gas
TermsCash, CashtoNewLoan
Trash Expense443.0
View Y/NNo
Water Sewer Expense5389.0
Waterfront Y/NNo
Year Built1959
Year Built SourceAssessor
ZoningLBR1N

Exterior for 2223 Myrtle Avenue

Building Area Total8632.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem3640UnitsAcre, Landscaped
Lot Size Acres0.2404
Lot Size Area10471.0
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters15
Number of Separate Gas Meters15
Number of Separate Water Meters2
Open Parking Y/NNo
Parking FeaturesNone
SpaNo
Total Parking11.0
Water SourcePublic

Additional Details

Price History

Stephen Pliaconis

Pliaconis Realty Group REALTOR® DRE 02015480
Price $3,595,000
MLS#OC24121701
List Date 06/14/2024
Property Type Multi-Family
Phone 310.658.1749
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