Long Beach, CA 90815 1701 Park Avenue

1701 Park Avenue Long Beach, CA - Image 11701 Park Avenue Long Beach, CA - Image 21701 Park Avenue Long Beach, CA - Image 3
5 more
1701 Park Avenue Long Beach, CA - Image 41701 Park Avenue Long Beach, CA - Image 51701 Park Avenue Long Beach, CA - Image 61701 Park Avenue Long Beach, CA - Image 71701 Park Avenue Long Beach, CA - Image 81701 Park Avenue Long Beach, CA - Image 9
Presented By: Tyler Leeson with Marcus & Millichap RE Invest; [email protected]
  • MLS# OC24151346
  • 07/23/2024
  • Request Tour
  • Request Info
  • SQFT • 6,750
  • Garage • 3

Home Details

1701 Park Avenue, a 9-unit multifamily investment property located in Long Beach, CA. 1701 Park Avenue offers a highly desirable mix consisting exclusively of two-bedroom units and amenities including garage and carport parking, as well as on-site laundry. 1701 Park Avenue is situated in the highly sought-after Park Estates neighborhood of Long Beach. Residents enjoy the property’s prime Long Beach location, with an abundance of hot spots within a 1.5-mile radius of the property. The property is within walking distance of numerous major retail centers surrounding the Los Alamitos Traffic Circle. Additionally, the property is situated in close proximity of both California State University, Long Beach and the Timor Rubin VA Medical Center, two major housing and employment drivers for the city. Furthermore, the property’s close proximity to Recreation Park and the Alamitos Bay provides residents with easy access to an abundance of recreation and leisure activities. The property’s ideal Long Beach location surrounded by an abundance of recreational, educational, and retail amenities are a primary draw for potential renters. This overall demand for well-located rental units will be a key driver in the continued growth and success at 1701 Park Avenue.
Presented By: Tyler Leeson with Marcus & Millichap RE Invest; [email protected]

Interior Features for 1701 Park Avenue

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Total Stories2

Other Rooms

Entry Level1

General for 1701 Park Avenue

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate6.86
Carport Spaces1.0
Carport Y/NYes
CityLong Beach
Community FeaturesCurbs, Gutters, Sidewalks
CountyLos Angeles
Days on Market66
DirectionsCross Streets of Park Avenue & East Atherton Street
Electric Expense1054.0
Electric On Property Y/NNo
Entry LocationFirst level
Fuel Expense1054.0
Garage Spaces3.0
Garage Y/NYes
Gross Income299418.0
HOA0.0
Home Owner AssocNo
Home Warranty Y/NNo
Insurance Expense7200.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet8712.0
Lot Size UnitsAcres
MLS Area3 - Eastside, Circle Area
MaintenanceExpense6750.0
MobileHomeRemainsYNNo
Net Operating Income212690.0
New ConstructionNo
NumberOfUnitsTotal9
Operating Expense77887.0
Pool FeaturesNone
Private PoolNo
Property Sub Type AdditionalApartment
Property SubTypeApartment
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActiveUnderContract
StatusActiveUnderContract
Stories2
Subdivision NameCircle (CA)
Tax Lot9
Taxes$38,573
TermsCash, CashToNewLoan, Exchange1031
Trash Expense1054.0
View Y/NNo
Water Sewer Expense1055.0
Waterfront Y/NNo
Year Built1961
Year Built SourceAssessor
ZoningLBR4R

Exterior for 1701 Park Avenue

Building Area Total6750.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesStreetLevel
Lot Size Acres0.2
Lot Size Area0.2
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters9
Number of Separate Gas Meters9
Number of Separate Water Meters1
Open Parking Y/NNo
SpaNo
Total Parking4.0
Water SourcePublic

Additional Details

Price History

Stephen Pliaconis

Pliaconis Realty Group REALTOR® DRE 02015480
Price $3,100,000
MLS#OC24151346
List Date 07/23/2024
Property Type Multi-Family
Phone 310.658.1749
Request Tour
Request Info
Visit My Website

Similar Properties to 1701 Park Avenue