Long Beach, CA 90814 2020 E Bermuda Street

2020 E Bermuda Street Long Beach, Ca - Image 1
Presented By: Mylene Le Bail with Keller Williams Pacific Estate; 562-489-5433
  • MLS# PW23230333
  • 12/27/2023
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  • BedBeds • 17
  • BathBaths • 10
  • FootageSQFT • 7,741
  • GarageGarage • 4

Home Details

This well maintained 8-unit complex with obvious pride of ownership is an excellent investment opportunity. Located in the Alamitos Beach Area, minutes away from the ocean on a nice wide street, it features a 2-story, possible Owner/Manager 3 Bedroom,3 Bath unit with a private balcony. As well as (7) 2 Bedroom, 1 Bath units. All units are a good size, check out the square footage. There is room to increase the current rental rates. All units feature individual electric meters. A portion of the units have A/C. And most of the units have double pane windows. All units feature garbage disposals. Flooring throughout the complex is as follows: Ceramic tile floors in living, hallway, kitchen and bathrooms area. All Bedrooms have engineered wood floors. The entire complex also has granite countertops in the kitchen and bathrooms. Garages and parking are included on the lot. The composite roof is about 3 years old. Onsite Laundry is also available for your tenants. This well-maintained complex will be a great income opportunity, allowing an owner to either live on site or provide upgraded accommodations for your property manager. Only 3 blocks away from the Ocean! This is a great opportunity, come and drive by today!
Presented By: Mylene Le Bail with Keller Williams Pacific Estate; 562-489-5433

Interior Features for 2020 E Bermuda Street

Other Interior Features

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

Other Rooms

Entry Level1

General for 2020 E Bermuda Street

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate4.5
Carport Y/NNo
CityLong Beach
Community FeaturesUrban
ContingencyBuyer to cooperate with 3031 Exchange!
CountyLos Angeles
Days on Market40
DirectionsCherry and 2nd St.
Entry LocationSide
Fuel Expense0.0
Garage Spaces4.0
Garage Y/NYes
Gross Income200232.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Insurance Expense0.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashtoExistingLoan, CashtoNewLoan, Item1031Exchange
Lot Size Square Feet6796.0
MLS Area2 - Belmont Heights, Alamitos Heights
MobileHomeRemainsYNNo
Net Operating Income136632.0
New ConstructionNo
Number of Units Leased8
Open Parking Spaces6.0
Operating Expense63600.0
Pool FeaturesNone
PossessionSeeRemarks
Private PoolNo
Property Attached Y/NNo
Property Sub Type AdditionalMixedUse
Property SubTypeMixedUse
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Street NameBermuda
Subdivision NameBelmont Heights (BH)
Tax Lot4
Tenant PaysElectricity
Total Units8
Trash Expense0.0
View Y/NNo
Water Sewer Expense0.0
Waterfront Y/NNo
Year Built1963
Year Built SourceAssessor
ZoningLBR1N

Exterior for 2020 E Bermuda Street

Building Area Total7741.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem610UnitsAcre
Lot Size Acres0.156
Lot Size Area6796.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings1
Number of Separate Electric Meters8
Number of Separate Gas Meters0
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesGarageFacesFront, Garage, GarageDoorOpener
SpaNo
Total Parking10.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $2,999,000
MLS#PW23230333
List Date 12/27/2023
Property Type Multi-Family
Phone 714.964.3311
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