Long Beach, CA 90803 2611 E Broadway
$12,995,000
65 more
Presented By: Blake Nicolai with Re/Max R. E. Specialists; 562.212.6561
Home Details
We are pleased to present the sale offering of 2611 E. Broadway. This 3-story multi family building is located in Coastal Long Beach on a prominent corner in the greater Belmont Heights area (technically Bluff Heights). This building consists of 36 units with a balanced mix of mainly 2 bedroom/2 bathroom apartments. The building is secure and offers three entrances, two staircases, and an elevator. Parking is available on two sides of the building with 17 individual parking garages. The building is built around a large central landscaped courtyard with a pool. The laundry room is located on the ground level and provides additional income and has been recently remodeled. The building is well maintained with no major capital expenditures forecasted. The building was re-roofed in 2014, re-landscaped in a drought tolerant manner in 2016, and the pool was remodeled in 2017. The building is located in a prime location in regards to employment base, walkability, transportation access, and points of interest. Just a 1/4 mile from the beach and an easy walk to Bluff Park, Long Beach Art Museum/Claire’s, Retro Row/4th Street Corridor, and dozens of local restaurants and boutiques. Just slightly beyond these locations tenants have easy access to Downtown Long Beach and Belmont Shore/2nd Street/Naples Island. There are twenty-three 2 bedroom/2 bathroom units, two 2 bedroom/1 bathroom units, twelve 1 bedroom/1 bathroom units, and one 3 bedroom/2 bathroom. Units are nicely appointed and all offer private balconies, many with great views down Broadway or Wisconsin Ave. 2611 E. Broadway presents itself as a rare opportunity as substantial buildings with a great mix are few and far between in such an excellent coastal Long Beach location.
Presented By: Blake Nicolai with Re/Max R. E. Specialists; 562.212.6561
Interior Features for 2611 E Broadway
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsItem2CommonWalls
Electric On Property Y/NNo
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringCarpet, Laminate, Tile, Vinyl
Heating Y/NYes
Laundry FeaturesCommonArea, LaundryRoom
Total Stories3
Other Rooms
Entry Level1
General for 2611 E Broadway
AccessibilityNoStairs
Additional Parcels Y/NNo
AppliancesElectricRange, Microwave, Refrigerator
Architectural StyleContemporary, MidCenturyModern, Modern, Ranch
Association AmenitiesManagement, Pool, Trash, Water
Association Fee IncludesPestControl
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityLong Beach
Community FeaturesCurbs, Gutters, StormDrains, StreetLights, Sidewalks, Pool
Construction MaterialsDrywall, Concrete, Stucco
CoolingNone
CountyLos Angeles
Days on Market178
DirectionsNortheast Corner of Broadway & Wisconsin
ElectricElectricityOnProperty
Electric Expense16228.0
Entry LocationGround/Level 1
Exterior FeaturesAwnings, Lighting
Facing DirectionSouth
Fuel Expense0.0
Garage Spaces17.0
Garage Y/NYes
Gross Income737988.0
HOA0.0
HOA / Comm AssnNo
HeatingRadiant
Home Warranty Y/NNo
Insurance Expense20603.0
Interior FeaturesBalcony, CeilingFans, PrimarySuite, WalkInClosets
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsThreeOrMore
Listing TermsCash, CashtoNewLoan
Lot Size Square Feet20477.0
MLS Area2 - Belmont Heights, Alamitos Heights
MobileHomeRemainsYNNo
Net Operating Income446057.0
New ConstructionNo
Number of Units Leased33
Operating Expense238395.0
Other StructuresStorage, Workshop
Pool FeaturesCommunity, Fenced, Private, Association
Private PoolYes
Property Attached Y/NYes
Property ConditionUpdatedRemodeled
Property Sub Type AdditionalApartment
Property SubTypeApartment
Property TypeResidentialIncome
Rent Control Y/NNo
RoofComposition, Flat
Security FeaturesSecurityGate, KeyCardEntry, ResidentManager, SmokeDetectors, SecurityLights
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Street NameBroadway
Subdivision NameBluff Park (BLF)
Tax Lot16
Tenant PaysElectricity
Total Actual Rent59919.0
Total Units36
Trash Expense10502.0
UtilitiesElectricityConnected, SewerConnected, WaterConnected
ViewCityLights, Courtyard, Neighborhood
View Y/NYes
Virtual TourClick here
Virtual TourClick here
Water Sewer Expense8624.0
Waterfront Y/NNo
Year Built1964
Year Built SourceAssessor
ZoningLBR3S
Exterior for 2611 E Broadway
Building Area Total28010.0
Crops Included Y/NNo
FencingBlock
Foundation DetailsSlab
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesCornerLot, Landscaped, Level
Lot Size Acres0.4701
Lot Size Area20477.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings1
Number of Separate Electric Meters36
Number of Separate Gas Meters0
Number of Separate Water Meters0
Open Parking Y/NNo
Parking FeaturesDoorSingle, Garage, OnSite, Private, GarageFacesRear, GarageFacesSide
Road Frontage TypeCityStreet
Road Surface TypeAlleyPaved
SpaNo
Total Parking17.0
Water SourcePublic
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480