About This Home
This 8-bedroom, 7-bathroom multi-family at 3622 E 11th in Long Beach, CA is listed for $1,595,000. Built in 1950, on a 0.14 acres lot.
Key Features
- Built in 1950
- 0.14 acre lot
- 2 stories
- 5 parking spaces
Property Details
Perfectly located mid-century 6 unit on a full sized lot with 3800 square feet of rentable space. Great unit mix with four 1 bed/1 bath units, one 2 bed/1 bath unit, and one 2 bed/1.5 bath unit including attractive outdoor private spaces. Well priced on actual income at 11.14X GRM.
Ample parking including one enclosed garage and 4 surface spaces. Select units have in-unit laundry plus a community laundry room for additional income. 5 out of 6 units recently remodeled and all electrical sub-panels recently replaced. Perfect 1031 exchange up-leg property. Excellent Eastside location demonstrating consistent rental demand. Only minutes from Cal State Long Beach, Traffic Circle, Wilson High, and Rec Park. Just North of Belmont Heights and only 1 block to the greenbelt.
Monthly Cost Estimate
$8,530/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
3622 E 11th
Long Beach, CA 90804
Circle (CA)
Features & Amenities
Interior Features
Property Details
Flooring
Construction
Parking
Heating
Appliances
Questions & Answers
This 8-bedroom, 7-bathroom multi-family at 3622 E 11th is listed at $1,595,000. The estimated monthly payment is $8,530 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1950, 0.14 acre lot, 2 stories, 5 parking spaces. Interior Features: Open Floorplan.
This property is listed by Anthony Walker and can be reached at 3105614776.
