2111 E Bermuda Street, Long Beach, CA 90814

$3,950,000
6,383
SqFt
List Price
$3,950,000
Status
ACTIVE
MLS#
PW20180940
Year Built
1959
Living Sq. Ft
6,383
Lot Size
6,098
Acres
0.14
Lot Location
6-10 Units/Acre
Days on Market
25
Property Type
Multifamily
Builders Tract Code
Alamitos Beach (AB)
Neighborhood
Alamitos Beach (Ab)

Property Description

We are pleased to present a completely remodeled 9-unit apartment building located in the Bluff Heights area of Long Beach, California. Built in 1959, the subject property consists of 6,383 rentable square feet spread throughout a 6,506 square foot lot. The unit mix consists of two 2 bedroom / 1 bathroom units and seven 1 bedroom / 1 bathroom units. There are 6 garages for tenants’ convenience and also used to generate income for the owner. It is separately metered for gas and electricity which helps keep expenses to a minimum. Owners enjoy the high demand for rentals in a coastal city of Southern California. Tenants enjoy living close to the ocean and Downtown Long Beach where there are shops, restaurants, cafes, entertainment centers and grocery stores.

Additional Information

Tract Number
3
Lot Description
Curbs, Sidewalks
Pool Description
None
Garage Spaces Total
6
Sewer
Public Sewer, Septic Type Unknown, Unknown
Water
Public
Attached Structure
Attached
Number Of Units Total
9
Gross Scheduled Income
$249,439
Operating Expense
79456
Unit One Total Units
7
Unit One Beds
1
Unit One Baths
1
Unit One Garage Spaces
6.00
Unit One Actual Rent
14350.00
Unit One Total Rent
14350.00
Unit One Pro Forma
2150
Unit One Furnished
Unfurnished
Unit Two Total Units
2
Unit Two Beds
2
Unit Two Baths
1
Unit Two Actual Rent
5430.00
Unit Two Total Rent
5430.00
Unit Two Pro Forma
2750
Unit Two Furnished
Unfurnished

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Kevin King from Marcus & Millichap

Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.