Skip To Content
    Return to Previous Page

    1202 Mahanna Avenue

    Long Beach, CA 90813
    • $1,698,000
    • STATUS: Active Under Contract
    • ON SITE: 121 days
    • ID#: PW20103272
    Under Contract
    UPDATED: 64 min ago
    $1,698,000
    • 0
      BEDS
    • 0.28
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,000
      SQFT
    • $425
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1947
    County:

    School Ratings & Info

    Description

    Back On The Market! Perfect Mid-Century Modern Revival Income Property That Is 100% Occupied & Loaded With Potential!3D Matterport: https://my.matterport.com/show/?m=ZY9zjE1ZRuy&brand=0Turnkey six unit complex in the heart of a dense rental population in downtown Long Beach, CA. Unit rent is setting the new standard in 90813. The newly renovated building consists of six spacious units, with each unit comprised of over 665 square feet in total space. The property consists of a double lot - totaling close to 12,000 square feet, creating a phenomenal asset at a time when the area close to the water is becoming extremely rare to come by. The larger lot creates an expansive space in the back of the property, where there is room enough for seven uncovered parking spots in total. Each unit is similar in design and quality, creating an ease in finding potential renters to fill the building at all times. Every unit has side by side laundry located in the unit. Vinyl flooring throughout each unit. The kitchen in each unit is equipped with new quartz countertops and shaker cabinets. Each unit has canned lighting in the ceiling, and walls and windows are in perfect condition. In addition to the uncovered spots, there is a 2 car garage on the property that could be rented out for $300 per month, as well as two one car garages that could be rented out for an additional $150 per garage. Located in a strong rental market capable of capturing a huge potential upside in rents.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-28T13:30:42.297. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or First Team Real Estate. Licensed in the State of California, USA.

    www.theashleycooperteam.com/homes/106372785
    Print Image

    1202 Mahanna Avenue Long Beach, CA 90813

    • Price: $1,698,000
    • Status: Active Under Contract
    • Updated: 64 min ago
    • ID#: PW20103272
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.28
    Acres
    4,000
    SQFT
    $425
    $/SQFT
    1947
    Built
    Neighborhood:
    Downtown (Dt)
    County:
    Los Angeles
    Area:
    4 - Downtown Area, Alamitos Beach
    Property Description
    Back On The Market! Perfect Mid-Century Modern Revival Income Property That Is 100% Occupied & Loaded With Potential!3D Matterport: https://my.matterport.com/show/?m=ZY9zjE1ZRuy&brand=0Turnkey six unit complex in the heart of a dense rental population in downtown Long Beach, CA. Unit rent is setting the new standard in 90813. The newly renovated building consists of six spacious units, with each unit comprised of over 665 square feet in total space. The property consists of a double lot - totaling close to 12,000 square feet, creating a phenomenal asset at a time when the area close to the water is becoming extremely rare to come by. The larger lot creates an expansive space in the back of the property, where there is room enough for seven uncovered parking spots in total. Each unit is similar in design and quality, creating an ease in finding potential renters to fill the building at all times. Every unit has side by side laundry located in the unit. Vinyl flooring throughout each unit. The kitchen in each unit is equipped with new quartz countertops and shaker cabinets. Each unit has canned lighting in the ceiling, and walls and windows are in perfect condition. In addition to the uncovered spots, there is a 2 car garage on the property that could be rented out for $300 per month, as well as two one car garages that could be rented out for an additional $150 per garage. Located in a strong rental market capable of capturing a huge potential upside in rents.
    Exterior Features

    Architectural Style Mid Century Modern Entry Location Alley Fence YN Yes Fencing Wood Garage Spaces 4.00 Lot Features Front Yard Lot Size Source Assessor Lot Size Units Square Feet Parking Features AssignedGarageGarage - Single DoorGarage - Two DoorGarage Door Opener Parking Total 11.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN No Uncovered Spaces 7.00

    Interior Features

    Appliances DisposalMicrowave Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area 667 Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Flooring Vinyl Laundry Features Gas Dryer HookupInsideWasher Hookup Levels One Room Type All Bedrooms Down

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features SidewalksUrban Country Us Elevation Units Feet Exclusions Refrigerator In Each Unit Gross Income 119124.00 Gross Scheduled Income 119124.00 Inclusions StoveMicrowaveDishwasher - In Each Unit Insurance Expense 2200.00 Land Lease YN No Laundry YN Yes Net Operating Income 95220.00 New Construction YN No New Taxes Expense 14484.00 Number Of Separate Electric Meters 6 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 1 Number Of Units Leased 6 Number With Dishwasher 6 Number With Range 6 Operating Expense 23904.00 Professional Management Expense 2040.00 Property Condition TurnkeyUpdated/Remodeled Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Downtown (Dt) Tenant Pays ElectricityGas Total Actual Rent 9927.00 Total Expenses 23904.00 Trash Expense 500.00 Water Sewer Expense 1600.00 Water Source Public Year Built Source Assessor Zoning Lbr2n

    Listing provided courtesy of Jeff Warren of First Team Real Estate


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-28T13:30:42.297. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or First Team Real Estate. Licensed in the State of California, USA.

     
    https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_364455824-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_364455824-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_364455824-1.jpg
    Logo
    First Team Real Estate
    CA,